/biz/ - Business & Finance

>>14481311
Based and LITpilled

get in here aSAP

Im too scared to buy since it's already been pumping the last few days

>>14482076
I think it will go north of a $1 at least, has potential for much more

>>14482076
>missed bitcoin
>missed ethereum
>missed chainlink
>now missing lition
How will you cope?

>energy token

WHAT DOES IT DO SHILLS TELL ME

>>14482288
it's not an energy token. energy is one of LIT's many use cases, it's actually a Layer 2 solution, DYOR faggie

>>14482397
It is the a scalable public-private blockchain with deletable data features.
This makes it viable for use by businesses that require to remain compliant with EU wide GDPR regulations.

On top of this layer dApps can be built.
One of which is a P2P energy trading dApp that is already commericalized by the seperate entity Lition Energie. This is already being used across more than 25 German cities.
Since the founders are former director at Vattenfall, they likely have good connections to expand this business.
Another dApp that is already in beta stage is a syndicate loan dApp that has been developped in a piloting project between Lition, the german Volks and Raiffeisenbanken and a real estate development company with more than 100 million in assets.

Many other uses are envisioned like smart metering and data management.

SAP develops the decentralized ledger and smart contract layer while lition is providing the open consensus layer.
SAP is pretty much a standard in Europe for the IT side of most companies.

>>14482715
Ok I'll buy a bag. But now tell me how this is any different than LTO, which seems to be the same concept

Also wtf where buy

>>14481311
i am bored. what does this coin do?
i understand vidt and am very happy with my suicide stack. what makes lit a good asset to own a stack?
i am also looking at fantom but if it is just eth witrh 1000* speed i dont get why fantom is not already replaced eth.

I browsed whitepaper and their website. Didn't really strike me as a good usecase for tokens.

>>14482715
Is Enigma GDPR compliant as well? I think they are since all the data is always encrypted. But that is not the case with LIT?

>>14482807
IDEX

>>14482076
this is still in accumulation phase, relax

>>14482076
Relax bro it's still below ico price I'm pretty sure, certainly on the ETH price.

The poop is strong in this thread. 100x eod sirs

>>14482715
That right. This is literally free money fools.

LIT already 4x the last weeks, not a good buy

>>14483106
3x from the floor that was 90% below ico.

>>14482837
Which use case are you talking about?

>>14482875
Lition decided to keep data private by placing that data on private sidechains only that are available only to trusted nodes. By using encryption your data is still public and available to anyone once this encryption is cracked 10 or 20 years from now.
That's far from a certainty but it is a risk.

>>14483106
buy VIDT instead that did 500x in 3 months.

>>14483151
I see your point. Yeah, I will pick up a little bag of LIT, since I truly think GDPR compliance is important. However, I still believe in Enigma and that regulators will accept that model that Enigma is proposing.

>>14483151
you will be able to delete files. this is 100% gdpr compliant

I read the white paper and also couldn't see a good use case for the token.
Please enlighten this dumbfag

Anon here who posted in the last thread about the LIT, who said I was at the London Blockchain Summit last week (sponsored by SAP).

CBA to write out everything again so tl;dr - loads of companies will be using Lition including (probably) Calastone group.

And, like this anon says >>14483311, the subject of GDPR compliance and blockchain came up extensively and basically, Lition is the only project capable of enforcing it.

If you don't buy this coin, you hate money.

/thread

>>14483463

Fees for every interaction on their enterprise network. Which will be used extensively.

>>14481311
Only 5 mil mcap, this is a no brainer. I'm all in, 20k bag. My body is ready.

Name another project under $10m that has a real chance to make it to the top 20 within the next 2 years? You buy a 21k stack on this and you will be set for life. The staking will be starting soon, once that happens a lot more people will be priced out from staking even at a lower market cap such as $25m or something.

Anons don't miss this coin. It's like buying eth at 0.9 USD. SAP is a standard for thousands of companies and will be able to reach critical mass and loads of tier 1 use cases

>>14483714
LIT
LIT
LIT
and
Lition

>>14483995
>this is too easy

>>14482257
>missed bitcoin
>missed ethereum
>got early into chainlink but only 10k
>now balls deep in lition
mfw finaly comfy

>>14483995
The Golden Bullrun ticket 21,000 for staking

is 12.5k enough to make it?

>>14481311
Can we get some meme material for lition? Id like to see Richie with his mouth open looking like a onions boy.

>>14485153

>>14485399
Good keep it coming.
Here's our money god.

>>14485461

>>14485461
This photo has potential for some good photoshopping. I might bring some memes later and actually fud material because I bought at $.14 trying to accumulate and it just keeps rising.

>>14485461

>>14485702
kek

>>14485557
>>14485702
Shitions ceo is literally a numale

>>14485702
>no mouth open selfie

chad confirmed, all in

Whats the best way to buy?

>>14486147
Dont its a scam

Where can I buy this?

>>14486157
>>14486653
idex

>>14486653
Hotbit

This shit it pumping too hard.

Not buying in when it's borderline ATH.

>>14482076
MC is only 5MM. This is a top 100 coin AT LEAST. Depending on adoptation later on it could be easily in the top10

>>14487090
It's less than 50% ATH. And still below ico in eth price.

Just put some of my vidt gains in this and got a suicide stack of 2k

>>14485461
BASED
A
S
E
D

>>14483714
IIRC they lower the amount that you need to stake over time as the price of one Lition increases.

>>14487090
dude, ICO sold in 13 minutes on a 4.5mi cap.
It's pumping hard because people want to buy more, and there are not enough LITs for sale. ICO investors want MOREEE. Price will keep rising.

>>14487396
Should I grab another 1000 of these or put my last $500 into quant instead. Currently around 40% btc
40% vidt 15% lit 5% tether

>>14487090
I dont see the pump stopping before $.3.

>>14487492
BTC is going to 9k, sell a small amount and buy LIT

>>14487492
I'd definitely put it into Lit while its still cheap. Its a really solid project with a low marketcap. And the SAP partnership confirms its not some pajeet scam.

how much is one suicide stack?? is 6k LIT enough to make it frens

>>14487537
Yeah I think so too, I'll sell half my btc to buy back and pick up some more lit

What's the point of placing customer service training pdfs on blockchain? Then making it a two tier system? Databases aren't good enough?

Everything sounds like dog poop covered in glitter and fairy dust.
Not to mention the high supply and the fact that ceo makes sergey looks like a based alpha male.

Where's the SAP listing them on their own channels?

This will go the way of other energy token based cryptos..straight to the toilet.

Peter theils 7 questions for a succesful product. how does LIT address these

>The Engineering Question: Can you create breakthrough technology (vs. incremental improvement)?

>The Timing Question: Is now the right time to start this particular business?

>The Monopoly Question: Are you starting with a big share of a small market?

>The People Question: Do you have the right team?

>The Distribution Question: Do you have a way to not just create but deliver your product?

>The Durability Question: Will your market position be defensible 10 and 20 years into the future?

>The Secret Question: Have you identified a unique opportunity that others don't see?

>>14488424

kek high supply.


haha

AHAHAHAHAHAHAHAHAHHAHAHAH


HHHHHHHHHHHHHHHHHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>14488424
>Where's the SAP listing them on their own channels?
Are you trying to say theres no partnership?

Is this interview with SAP Chief Innovation Officer enough to prove that to you? https://www.youtube.com/watch?v=lXpBRHptyKk

>Not to mention the high supply and the fact that ceo makes sergey looks like a based alpha male.

Horrible fud. It tells a lot when this is the best pajeets can come up with to fud a project

>>14487644
I fear we're going to have to put the suicide stack at 10k for this one, fren.