/biz/ - Business & Finance

Based,


Are we painting a bullflag ATM lads? Are we gonna leg up or peg down?

Buy now boys, before its too late and you all kys

>>20697399

Good to see we are back on the up, 35k staked here

>>20697399
Their mainnet is still broken

>>20697399
>Such a change requires considerable testing to verify that no other obscure issues arise. Our goal is to release this major update after that extensive testing is completed.
So they changed the whole consensus mechanism of their blockchain. Lmfao.. it's gonna be at least a year until mainnet 2.0 is launched - the amount of testing and bug fixing needed for a change of such caliber is huge.
The blog post might seem bullish on the surface but it's actually pretty bearish. They are still struggling with the technological issues and have made poor architectural choices early on that have finally caught up to them.
Now they're forced to do a massive refactor of the whole platform right before the new mainnet was supposed to be launched. Notice how they give no indication that the Q3 launch schedule is still valid - they know it's not.

Who gives a fuck about minor details, we're gonna make it guys

>>20697907

I'd rather they take a few more months so it doesnt crash again

>>20697399
How do I get on this train OP

>>20698084

https://idex.market/eth/lit

https://app.uniswap.org/#/swap?outputCurrency=0x763fa6806e1acf68130d2d0f0df754c93cc546b2

>>20698084
IDEX is probably best
Welcome to the make it club

>>20697907
>All the effort has paid off. We’re approaching the end of the optimization process and we expect the launch of our first release to be just around the corner.

Main net 2.0 will be 2.0, later on you will get efficiency patches obviously.

>>20697907
I'm not sure where you got that from ftp. They're just using another version of the IBFT consensus algorithm. This isn't as big of an overhaul as you've made it out to be. But this is why it's taken them so long to get to this point.
>It's going to be at least a year until mainnet 2.0 is launched.
Why do you think they've taken so long to get this thing going? They've already done a large number of tests. They are absolutely not a year from launching mainnet 2.0 a year from now. You're being ridiculous.
>Notice how they give no indication that the Q3 launch schedule is still valid - they know it's not.
"All the effort has paid off. We’re approaching the end of the optimization process and we expect the launch of our first release to be just around the corner."
"Despite the unique challenges that we’ve faced, we’re still on track and approaching a very exciting stage for the project."

>>20697907
>Notice how they give no indication that the Q3 launch schedule is still valid - they know it's not.

They literally say "Despite the unique challenges that we’ve faced, we’re still on track".

>>20698625
People just want the chance to throw in some final buck from the coming paycheck before the price jumps to 15 cents.

>>20697879
You literally did not read the dev update. But anyway once the consensus issue is fixed it will be took late for you to buy in sub 10 cents.

>>20698663
The walls on Idex is literally made of glass, combined with the fact that Ethereum made it's 2020 high just recently we are incredibly bullish.

Plan accordingly.

LINK is dead, now LIT Is our coin

protecting my litties from my weak hands

>>20698878
Lition has the best memes

>>20699112
kek

>>20699112
Good man, see you on the moon in a year or two

>>20699112
Oh wait no nevermind. I thought you edited it to make it look like you have 200 500 294 tokens. But then I realised that continental Europeans are retarded and don't know where to put their decimal points and commas.

>>20698878
>>/biz/thread/S20587368#p20587368

>>20699127

>>20699127
>>20699560

>>20699127
>>20699560
>>20699603

Baseline Protocol makes lition irrelevant

>>20699560
Fixed the eyes.

>>20699636
The only thing irrelevant is you buddy for not having any litties

>>20699636
thx man, just sold

phew

What is a make it stack?

What's the best exchange to buy lit?

>>20699724
10,000
>>20699764
IDEX

>>20699724
100k boyo

T 370k lit master

>>20697399
Based

>>20697399
Finally we are breaking these weak ass walls. T. 1.3m bag holder

>>20698878

Ahhh /lg/ is back again, make new memes my boyssssssss

>>20700273
Feels good to be back

>>20697879
>Their mainnet is still broken
based retard, read the update

>>20700383
You are the LITGEN meme maker?

>>20697960
>I'd rather they take a few more months so it doesnt crash again
this
totally fine with Q4

All in 60k lit poor fag here staked up for a year.

>>20700418
No just a collector

>>20700541
Do you have the old black and white with chain and color sparkle one? I made it long ago and can't find it now.

>>20697399
>dev update
TL;DR: they don't know how soon they will release the mainnet.

Pathetic incompetent development team. So much potential wasted because they won't hire better devs. They had the guys to admit they waited one year doing nothing hoping that Quorum would solve it for them.

>>20700563
you seem upset

>>20700540
We're in the same boat brother. A boat almost ready to sail to the white shores, and beyond, a far green country under a swift sunrise.

>>20700562
Sorry not got that one

>>20700563
>>20700603

Kek swingLITter got priced out

>>20700563
Retard, what's your definition of around the corner? A month or two? Who cares. Q3 is clearly Q3.

>tfw you want to open a /litgen/ but it's already there
well done brothers, next time we can add the checklist we had in the OP a couple of times

>>20700617
This ones pretty old.

>>20700563
>they don't know how soon they will release the mainnet
>we expect the launch of our first release to be just around the corner
>we’re still on track

time to step up your FUD game
AND
you had all the time to accumulate and it's still cheap

>>20700963
Clipped it a bit. On mobile at work tho so I can't do it to well.

>>20700983
>On mobile at work
Appreciate the effort. Based and saved.

>>20700768
wtf is this bdsm lit meme

>>20701043
Its been around. A few other coins copied it for awhile. Then it went back into obscurity.

>>20701135
DELET

*CLAP CLAP STOMP STOMP,* common sergey my little wagie bring me my tendies, *CLAP CLAP STOMP STOMP*

>>20701340

>>20701413
Mandatory

>>20701485
Its up even more since making this general

>>20701485
Wtf, when does it stop

LIT is a very volatile and undervalued Nano Cap (yes, that's the correct term), what you see on the charts is nothing but moderate accumulation ~60-70% below the ICO price in ETH. You will jizz in your pants when the real pump starts on exchanges like Binance.

>>20702024
Stakers know this. Swingers will get burned hard since volume is crazy low and most of Litions supply is staked (17%) or in the hands of the people who has been accumulating heavily the last year. They won't let go of their bags sub 50 cents, atleast. This is a perfect storm for Lition and the relaunched main net, a blessing for many people who wanted to scoop up before it pumps.

Bonus; look what's going on in the world right now and what eth and btc is doing.

Mike where you at boy

Hello everyone great news in the mainnet progress... the train is back in track $100 end of year is fud

Seriously tempted to sell my STA for LIT

Napkin math maybe someone else can check but rn if lit got to top 200 with a even the full supply out it would be at about 23c
Top 100 = 66c
Top 50 = 1.78
Top 20 = 8.33

Now for the circulating supply rn
Top 200 = 46c
Top 100 = 1.32
Top 50 = 3.56
Top 20 = 16.66

>>20702024
Makes me want to COOOOOM

the best thing about lition being on idex and some other obscure exchanges is that we get double profit when go up against ether and also ether move up against usd because there is no arbitrage opportunity here, FEELING DOUBLE COMFY

>>20703383
Wait you hate lit?

>>20699112
"0xabf" next time don't post the exact number of tokens you have
but going through your trading history i see you bought the absolute bottom this time not like last year, good luck "0xabf"

>>20703284
quite interesting calculation. imagine in a bull market when all has been going up significantly. =)
nodes are around the corner as stated in the update. wonder how juicy the hardware of the node has to be.

>>20703284
I genuinely believe that if we give it enough time LIT will be triple digits. It will unironically take over Europe soon, especially since we have Germany (which controls a huge part of the EU) pushing for Green Energy in their neolib way. They'll cream their panties when they see that Lition Energy is a free market solution to the green energy problem (that being that green energy is too expensive). With that momentum, the Lition blockchain will become the business standard across Europe in no time. Maybe across the world. I'm not just saying this as some kind of pie in the sky overly-hopeful shill. Lition could be the biggest thing in cryptocurrencies since the Bitcoin bullrun.

>>20697399
Get ready to get dumped on by Richard

>>20702561
hi fren, we all gonna make it
litty stay shitty 50c EOQ3

>>20704211
WHAT THE i almost got lit in my id

>>20704203
no way richard will dump. Heard rumours that he caught Jurgen Muller buying VIDT and instantly Richard kicked his face in

>>20704211
Don't fren meme it doesn't suit you

>>20704277
Actually Jurgen Muller was selling his VIDT bag to buy even more LIT like I did.

>>20704014
Right? These numbers would be much higher in a bull. Thats just if nothing else changes.

>>20704203
Richard is a smart man with a big big ego. His obsession is to succeed and look successful, he will spend his time, money and brain power on this until it works out

Let's just stop one second to praise this guy

Based Patricio

Good to see biz is a LIT board now.

Richard dumped 3 times, at 30c, at 11c, at 9c. Never again.

>>20704584
Selling ecosystem tokens != Richard dumping
Seed investors selling != Richard dumping

>>20704627
this, all other conclusions are truly low-effort-FUD to keep the price down.

>>20704627
this

>>20697399
is lit the new chainlink?

I hope my 25k LIT will be enough. Should I start staking them now or wait for mainnet 2.0?

>>20704794
The board is shifting my friend. Buy coins outside the top 100, meme them to the top 10, rince and repeat. A years long process and biz is the best at it

>>20704989
If you don't plan to get to 50k (hint: you should) you might as well put them on LPS now, really no reason to wait

>>20704989
>>20705055
I'd just stake now either way. Why not?

>>20705109
Well yes, but if he had 50k or more he should avoid staking for too long, in order to try to run a trust node as soon as possible.

>>20705172
Oh I see what you are saying. Good point.

>>20704794
Looks to be. To early to say for sure.

>>20705172
what are the benefits of a trust node?

>>20705411
>what are the benefits of a trust node?
2x multiplier compared to a maximum of 1.8x for the 12-months contract
can get out whenever you want, you don't have your tokens locked for a set time

>>20705172
Thanks, I think I will stake for a month or 3 while getting more for a trustnode.

>>20705411
Better returns compared to staking.

>>20704627
You know about the ecosystem token dilemma, its not weak, its the strongest fud. So lets see what happens, i buy back in at 5c.

>>20705564
It is and never was a dilemma since white people tend to read whitepapers, poopjeet.

>>20705564
I can tell that you wish you bought the bottom. Cope harder.

>>20705484
nice

>>20705564
better walk away from LIT entirely

if you are not sure about a coin that you sell at 3mil mcap hoping to buy at 2mil mcap that just means you dont believe it in the first place and end up selling way too soon anyway which will make you unhappy

just find a project where you dont have to sweat all the time

>>20705172
Trust node: 2x multiplier
12-month stake: 1.8x multiplier

Time to trust node is unknown, but the rewards are close enough that it was worth it to keep staking for one year whenever I had another 5000+.

>>20705756
I am balls deep in Statera since V1, i can handle the sweating very well. Got still a suicide bag of Lit for years now, but the dumping will come..
T.whitechad

Why is lit now showing up on uniswap statistics? Does it need to be approved?

>>20705837
>the rewards are close enough that it was worth it to keep staking for one year whenever I had another 5000+.
fair enough. Honestly I don't plan to sell this for a long time, so the advantage of being able to pull out when I want is not really important for me. But I think it's "fun" to set up nodes

>>20697399
10k LIT poorfag reporting in.
Am I gonna kms?

From a TA angle, looks like we are heading back to 35 cents at least.

>>20706057
Idk man, 10k was like 500 usd worth of LIT last week. Get a summer job and accumulate?

>>20705904
>t. whitechad

you fucking currynigger shut the fuck up.

>>20706140
also from a data and transfer/holders analytic, look like we are heading back to 30c at least
>lition mooning
>ethereum mooning
15c EOM, felling comfy buying the bottom

>>20706416
Can you share that data?

>>20706057
10k suicide, 100k comfy, 1m make it

>>20706945
Retard

>>20704194
This guy... i like this guy

>>20706254
This.
>>20707179
You're both gonna make it.

>>20697399
bullish af

>>20706945
>1m make it
define "make it"

>>20707653
>1m LIT
Who wants to be a billionaire?

>>20707653
>>20707694
>>20706945

only like 60m LIT with the burned coins, owning 1m is like owning 350,000 Bitcoins

Its too much

>>20707997
Can't believe LIT is so cheap now.

>>20707997
This didn't even occur to me until now. Holy shit. We're all gonna make it. Even people with a "suicide stack" will have lambos.

>>20708269
Thanks for pointing this out fren

>>20708269
Finally, someone gets it.

Having 50k is no joke. 10k could easily make you a millionaire. Everyone is free to ignore this and sell their litties for a few bucks each.

Market price predictions are like self-fulfilling prophecies, if enough people really believe that something will be worth the amount X, then it will probably become true over time.

>>20701584
Better version

>>20708593
You're making me wet anon

>>20708785

>>20708811

>>20708841

>>20708870

>>20708893

>>20708918

>>20708938

>>20708969

>>20709012

>>20709036
Lition $1 EOY

>>20709067
https://www.lition.io/docs/Lition_Whitepaper.pdf

>>20709067
...is FUD.

Fixed it for you, anon. You don't have to thank me.The work itself is reward enough.

>>20709106
$5 EOY

>>20709177

>>20708785
>>20708811
>>20708841
>>20708870
>>20708893
>>20708918
>>20708938
>>20708969
>>20709012
>>20709036
>>20709067
>>20709104
High quality thanks fren

>>20709208
>>20699109

>>20709218

>>20709218
Thanks fren

>>20709262
In response to people in this thread saying that the calculator is "inaccurate". I'm not sure what to say other than you're incorrect. I've spoken to the team and they still approve it and it's moderately accurate. The only variable that constantly changes is the 0.6 multiplier which is dynamic based on how many people run a node, trust nodes, LPS 1 month etc. The more people who run nodes and LPS 1 month the closer this multiplier is to 1. The more people who run trust nodes and LPS 12 months, the closer the multiplier will be to 0.5.
Other than that the calculator is accurate.

>LITTYon
>thread full of memes to bump constantly
this project is going places

the supply is 120 million?
They're burning half of it? Seriously?

>>20709432
Yes lit has the best memes. What's your stack?

>>20709448
No lol. Current supply is 120 mil and after all burns over two years the supply will be 100.5 mil

>>20709499
Thanks. Somone said 60m supply futher up. Still decent though. 100k is a make it stack.

>>20709491
I haven't bought this I've done far too little research on it. From what I've read it seems to have some really ambitious goals which may not be a good thing considering how early we are in this space. What I'm trying to say is this probably isn't the future.

>>20709575
Haven't bought and done little research. Your opinion means less than nothing. But thanks.

>>20709575
who cares

x50 puts LIT where literall yabandoned shitcoins sit at the moment

>>20709575
Thanks for the copypasta.

>>20709652
>Your opinion means less than nothing
Way to prove me wrong anon. This really shows your confidence in your in this project. Good luck.
>>20709699
>23 posts ITT
You're welcome.

>>20709723
>Didn't see the meme dump

>>20709756
>Didn't see the meme dump
see
>>20709432

>>20709723
>Way to prove me wrong anon. This really shows your confidence in your in this project. Good luck.
Also you didn't actually say anything. You just said some random bullshit. You haven't even proven you know anything about Lition. Why bother given a genuine response?

>>20708269
cant wait for the green energy

>>20709777
If 4chan wasn't shit and I could post multiple pictures at once then I would. Be glad we have a general instead of having dozens of threads at any single time like LINK.

>>20709723
Thanks. But prove you wrong? I just have the utmost confidence in my picks because I have been at this a long, long time. I've gotten very good at picking big winners and holding through the the tough times and low-info, low-effort FUD. The proof comes over the next 18-24 months, but starts now. I hope everyone is watching LIT.

>>20709787
They fucked up their consensus mechanism yet you expect them to take on the current energy ecosystem? Sorry, but we're way too early for this to be possible within the next decade.
>>20709900
I'm not saying you can't make money on this project I just don't see this project being successful. Best of luck to you.

>>20709982
>They fucked up their consensus mechanism yet you expect them to take on the current energy ecosystem?
Yes because they're literally doing it right now. Why wouldn't they be able to do this? They are veterans in the energy industry and provide a cheaper and greener product that any of their competitors. They are ahead of their target to reach 235k customers by the end of 2022. Kind of a strange criticism. Their energy business is doing really well.

>>20709499
We, the community, can burn more (manually and automatically), if we offer something useful/entertaining in exchange for LIT.

>>20709982
>decade
Wild, baseless claim.

>>20710202
What do you mean?

Those of you with 100k+, are you all in? I kept my stack at 50k for risk management. Now everyone here has me wanting to get to 250k while I can.

>>20710386
You're going to regret not buying as much as you can now while it's sub 10 cents or even sub $1.

>>20710386
I am 1m+ and about 70% in

>>20710386
I'm not all in by a longshot.

180k LIT but it's lunch money for me. The rest is in Link or BNT. LIT will pump a lot, but it might take a while. Then again it might happen in 1 month, I do admit the recent blogpost was pretty bullish.

>>20710488
Going by all the claims that biz has made about their stack, you would think the circulating supply would be 500 million. I have no idea why people feel the need to larp to anonymous strangers.

>>20710443
As much as I can? 600k LIT seems like overkill. Is everyone selling off RSR and LINK for this one?

>>20710488
Based.

>>20710594
>>20710579

>>20710283
Sidechains, DApps, Browser Games, Trade Bots, Gambling/Betting Sites, Online Shops, Nazi Porn, ...

>>20710579
poorfags can't cope with somebody owning 1m+ lit. nothing new under the sun

>>20710834
I can fully comprehend that some people own over 1 million tokens. What I don't believe is that every single one of these people hangs out on biz and is stupid enough to boast about their stack.

>>20710594
This. IMO 100K is overkill. If you can afford 600k you must diversify for RM.

>>20710573
haha man we have mirror portfolios. Our next 2 years are gonna be interesting

>>20710594
I have a suicide stack of LINK and RSR, along with my 60k litties, and I'm not getting rid of either of them.

>>20710919
They sure will be, I think 2021 will be the big one.

>>20710891
What is the worst that can happen? Are you going to hack my wallet mr 4chan hacker?

>>20711000
Digits
And yes.

>>20710894
Meant to reply here. Yeah, I got suicide stacks of LINK and RSR and a few other small caps. I want a lot of LIT, but doesn't feel right to get rid of anything to go beyond where I got now.

>>20710579
That's not new on biz at all for any coin. Notice in the folio threads how no one ever posts a screenshot of a wallet?

>>20711063

A screenshot of a wallet seems like a lot of specific info to make public. Exact stacks and amounts down to the fourth decimal place? You would definitely be able to figure out which wallet is mine if you wanted to.

>>20711147
You keep all of your million tokens on one wallet? NGMI.

>>20711198
Nope.

>>20711198
But you'd be able to figure out the one in the screenshot.

>>20711243
so what?

>>20711243
You will link your temp account with a wallet address + some metadata?

>>20711287
I'm sorry. I just don't want to expose myself any more than I already do by posting vague numbers on biz.

>>20711440
show the wallet pussy

>>20709982
>They fucked up their consensus mechanism

Fucking JP Morgan Quorum ran into similar issues for the consensus mechanism, meanwhile Lition is working on it with actual researchers to find a solution or work around. 99% of your blockchain projects are just copy pasting or saying they will get shit done. And now comes an actual team that tries to deliver shit and you can't understand it, not owning a LIT bag is the most retarded shit I've ever seen in crypto because if they make it work and you don't own some, you will get left behind and will witness a fucking 3 million marketcap top 700 coin becoming a top 10 multi-Billion coin. If this plays out like this you will live every single day in despair until the day you off yourself, and this my friend, is why we call it a suicide stack.

>>20711688
Based Gretaposter.

>>20711688
Based AF.

>>20711688
This guy... i like this guy

>>20711640
Kek.
Fun fact: The word for "wallet" in Indonesian means "pussy" in Sri Lankan - "pundi". Different connotation for a soft purse in which one puts one's valuables. So that was, "Show the pundi, pundi."

>>20712110
Hi Gojkira! :D

>>20712148
Nope. I just like words. A lot.

>>20711440
No that makes sense I'm. Its not very risky at all but why take any risk at all for a bunch if people you don't know?

>>20711688
This is why I have a stack.

>>20712148
I'm Gojkira.

>>20710386
>Those of you with 100k+, are you all in?
~5% of my crypto portfolio

100m total supply eventually and currently 35m; Lition is 1/10 Chainlink, so 10k LINK to make it and 1m or 100k LIT to make it seems unfairly asymmetrical. If LIT gets to $10b, 10k of the then-50m-ish supply will be worth $2m.

>>20712879
>Gojkira
based

>>20712879
my man =)

>>20712906
lets get it first into the top 100, today this would be 71m market cap, so ~1.1ish USD per LIT, thats doable till the end of Q3 with nodes and mainnnet.

>>20711688
>you will get left behind and will witness a fucking 3 million marketcap top 700 coin becoming a top 10 multi-Billion coin.

this is so underrated. imagine the pain in your ass, the memories that you've heard about it here and didnt get some LITs soooo cheap back in the crypto-days.

get out of your wagecuck-existence.

>>20711688
based

>>20711688
really based anon.

>Thread still up this morning

Yeah im thinking we're back

is this the 10c waiting room?

whose code did Patricio copy?

>>20715181
10c eow

>>20715346
>whose code did Patricio copy?

>>20715346
Richard's obviously, duh

When Taycan?

One of ye smart lads put a lition logo on that pic

Bump

I am bullish as fuck, but I weary of watching all my other microcap moon bags 5x and 10x left and right. It's LIT's turn. The longer the windup, the bigger the ultimate pop, so this should be a really good one.

>>20717897
Lition's bullrun will be bigger because it will be a combination of utility AND speculation. Most microcaps are just fueled by speculation.

>>20717897
As I said earlier, if you hold on Lition long enough you should be able to watch it rise to triple digits over the course of a few years. Speculation could drive it there much sooner, though.

>>20711688

This, in any new venture when you're actually building something new (and not just pretending) you will run into problems, that's the nature of engineering. I would rather a team that is honest about issues and fixing them than one that lies about everything being perfect.

>>20718090
Based.

>>20718072
I unironically plan to buy my Mars mansion with my LIT stake, so definitely planning on holding. Hoping Elon will be a neighbor.

>>20717897
We got cucked by few seed "investors". It will pick up steam in no time.

we're mooning despite no one is buying, this is the beauty of being listed on only one active exchange (idex) and with only eth peers
now imagine what will happen when we start approaching mainnet release date (mainnet v2 is around the corner)
>only 2 months left
you have only days to buy low before you miss the train forever

>>20708710
>worth
If people only knew how true this is...

>>20718545
Based Mike.

82k and all set for the Richards moon mission. Please tell me this will hit top 100 as I had to sell half my link for this!

>>20719901
>had to sell half my link for this!
Holy shit.

>>20720202
I've just become a swingie. Fuck I already feel dirty.

>>20720577
Don't worry, fren. I sold 30% of my LINKies for UBT. The gains will wash you clean.