/biz/ - Business & Finance

>>23475859
oh my god pls sir make this thread go away very fast i am begging you sir

>>23475859
How is it eben possible to p2p energy it sounds fcking ridiculous

>>23475859
>why no one's talking about it
We're literally at thread #132 >>23471116
Oh you mean the normies? Well normies are retarded. They will once it hits coinbase.

>>23475859
>project looks too good to be true
thats what every 'project' looks like in crypto, which ofc means its absolute bullshit. Let me make this clear for you: right now, there is absolutely no use or need for crypto, every project is a money grab even the most liked ones like link and eth they will all collapse under the weight of their own lies

>>23475910
It's basically just certificates.
You get energy from the net and the the energy generators put energy on the net.
However you select and pay those energy generators directly. This way a pricing mechanism gets introduced that takes into account the preference of the customer for solar energy over biogas, gas, coal or nuclear.
https://www.lition.de/producers?zip=10629&consumption=2500

>>23475910
Its already a reality lel and only one of the use cases, read the white paper Lition is not an energy token but can be used as such

Staking on this is buggiest I’ve ever seen in a smart contract. Even Pajeet scams have better coders.

>>23475981
nobody cares about source of electricity only that its the cheapest

>>23475974
Wrong.
>>23475644

>>23476023
And it is. And people are massively switching over. And many transactions are taking place on the blockchain. And many fees are being paid to stakers. And stakers are getting rich. And you are missing out.

>>23475859
>Shills
It's called spoonfeeding and we do it all the time over there. All you need to do is read the whitepaper and educate yourself about the project. The fact that you don't know enough about it to know how good it is perfectly describes why it has a <10m mcap.

>>23476023
eh, you'd be surprised by what people choose when you give them the option. 15% of the customers on my online store give me extra money for no reason just because I added a "enter tip amount" option in the checkout... People are fucking stupid and idealistic.

>>23475974
But these are not made by pajeet NEET's in their basement, it seemingly consists of people who had multi-million salaries

"Richard holds a Ph.D. in energy economics and is an international awarded IT specialist and blockchain expert. At 15, he was fluent in 7 different programming languages. At 17, he developed and founded the startup Clanintern.de, a Top-10 website at that time in Germany, with 1 million views per day. Later he completed a 5-year university program in 3 years and graduated as No. 1 student. After founding another tech startup in California and working for 6 years as a strategy consultant for McKinsey, he was appointed the youngest director in the history of Vattenfall: a US$ 10bn European utility corporation. Directly before Lition, Richard was managing director of German operations at leading independent international energy supplier ExtraEnergie, where he was responsible for >350 employees and US$ >1bn in sales."

Why would someone like this sacrifice his multi-million career to do a rugpull on a couple of NEETs?

>>23476023
Kek, they undercut the market by about 20% while the producers make more aswell. Handy not having a middleman, who would have thought a blockchain would help cut costs

>>23476016
what is buggy about locking your shit away and forgetting about it for a year, you absolute retard

if your not buying LIT youre a literal retard its still so cheap

>>23476196
They didn’t implement it correctly, so it fails half the time and you have to do a bunch of extra shit that with the gas settings that projects who have a clue how to code don’t require.

>>23476462
>have to do extra shit with the gas settings
Crypto's not for you.

>>23476462
HAHAHAHAHA
JAJAJAJAJAJA
NGMI FAGGOT

>>23476057
precisely the kind of people that know how to pull a scam while looking good
>>23476047
im not missing out, i rode last year pump and sold the almost top like a champ, knowing it was another useless token, and still is
>>23476153
sounds good on paper, like every 'project'. Lets see in 2025 if this lition crap is up and running and doing whats its supposed to, chances are it will not and you will all have sold your bags long before. Cmon we all know this shit stop trying to convince gullible newfags

>>23476916
But its already running, you can check out their offers on their website, sparwelt or even n26

>>23475859
So are you going to buy in?

>>23477015
Just let the man be... he doesn't want to be part of the revolution.

>>23475859
>can someone explain why no one's talking about it and the price is under 10m?
Irrational market and it's almost impossible to buy.

>>23475974
>there is absolutely no use or need for crypto
There's a need for blockchain technology. You have a literal high schoolers perspective on this.

>>23475859
here's the thing you might not know about crypto if you're new. utility tokens that have an actual use and a working platform do not pump. if you can calculate a proper valuation based on revenue...it kills speculation potential. it's always been this way. coins pump hardest before they have a working product....then for the most part, they die. there are a few exceptions, but those exceptions offer something to the crypto ecosystem. like link for example

>>23476916
>Lets see in 2025 if this lition crap is up and running and doing whats its supposed to
By 2025 Lition will be $100 and you will be hanging from a noose.

>>23479005
>if you can calculate a proper valuation based on revenue...it kills speculation potential
Yeah because you can't speculate an increase in utility.

>>23479034
go ahead. this was 13 cents 10 months ago too. LIT anons bagholding this shit missed the entire alt season on uniswap this year. you can speculate all you want, I'm just telling you truth about the market. the market doesn't give a fuck

>>23479161
>go ahead. this was 13 cents 10 months ago too
It was 1 cent 10 months ago you dipshit.
> LIT anons bagholding this shit missed the entire alt season on uniswap this year. you can speculate all you want, I'm just telling you truth about the market.
Yeah because we follow fundamentals and don't follow trends and projects that are borderline gambling.
>I'm just telling you truth about the market. the market doesn't give a fuck
Isn't this literally the whole point? Aren't I supposed to buy something BEFORE everyone else starts giving a shit? How else are you going to reliably make money? But quite frankly I don't give a fuck if some random bizanons don't like the project because the only thing I care about is if Lition Energy is successful and if European businesses like it.

Thanks for the screenshot.

>>23479161
this, this will crab for eternity

>>23479250
>Yeah because we follow fundamentals and don't follow trends and projects that are borderline gambling.
this is retarded cope. the last time this pumped was in May, and those that didn't sell missed, HEX, then ESH, the STA, then 100 other uniswap tokens that 10xed overnight. uniswap season was some of the craziest shit we've ever seen and you're capital was tied up in a shitcoin that refused to move at all.
>muh fundamentals

>>23479297
Yes you're right. I would much rather invest in a solid project, solving an actual problem, with real money coming into instead of throwing my money around into random projects and the latest fads hoping something sticks. My goal is to have sustainable income and not to gamble.

Not this dumb shill again. Token is not needed

>>23479408
It's needed to ensure that those who secure the decentralised network are incentivised to do so. Please do at least 2 minutes of research or at least have common sense.

>>23479005
Usecase grew 6 fold in a year though from 1600 to 10,000 customers in July.
Expected to hit 300k 2 years from now.
Thats just 1 usecase.
So 30x on the main usecase, a clear 5x undervaluation now and a 2x due to adding other usecases.
That gives a clear 300x potential in just 2 years.
There's your proper valuation based on revenue.

>>23479408
Cringe

>>23479005
You absolute retard, I couldn't care less if the normie degenerates fomo in or not, I get a percentage of tx fees as a staker/node operator, and as the platform usage increases, so will my APY.

>>23479005
>>23480281
Oh and the payout is pegged to FIAT amounts so if the token price changes, I'll get the same number of euros. THE TOKEN PRICES LITERALLY DOESN'T MATTER AS LONG AS THE PLATFORM USAGE KEEPS INCREASING, WHICH IT WILL

>>23479005
Also you seem to be under the impression that everybody can only hold one coin at a time which tells me a lot about your iq. I've bought into some uniswap pnds too but put all my gains from them back into LIT

>>23475910
>>23475981
>>23476023
Lack of curiousity will be your downfall. You are ngmi, I'm sorry.

FUCK ADAM SALAM
>>23480082

They lost their Germany deal to energy web

The mainnet is constantly broken

It’s a shitcoin

>>23475859
Richard isn't a real doctor and there energy business is already in trouble.
This coin is a scam, Richard just wants your money to buy new LEGOs don't fall for it.

>>23481464
>They lost their Germany deal to energy web
There was no 'Germany deal'. You also completely misunderstand the energy use case.
>The mainnet is constantly broken
Update your FUD.

>>23475859
>ENERGY ON THE BLOCKCHAIN BRO!

It's over. Team dumped on you. This will be a community coin in 2021. go get involved with Badger NOW, not later, and you will make it. https://badgerdao.medium.com/badger-early-contributor-program-e4b267087c03

I think the reason it's so undervalued is because the crypto space is dominated by East Asia and the Anglosphere. So the answer is ">he doesn't know", but literally.
Even on tech-focused communities like HN, people view GDPR as an annoying EU obstruction if they know about it at all. And because of the profile of FAANG, people don't realize what an absolutely massive presence SAP is and what a big deal it is that this is their de facto "enterprise blockchain solution."
Any EU-based company that even wants to experiment with blockchain (let's say, as a carrot on a stick for VC investors, as the story usually goes) - will literally have NO CHOICE but to go with Lition because of its GDPR compliance and special features.
I'm an immigrant to Germany. Everyone who comes here in the last 3-5 years opens a bank account with N26, and I mean everyone. They have monopolized banking for zoomers, immigrants, and anyone else who doesn't want to go through DeutscheBank/Commerzbank and their completely shitty service and apps.
When I open my phone and check my bank balance right now, there is an offer to switch my energy to a Lition supplier with an N26 discount. That is nuts.
This is not "Kleros court," this is an actual thing people are actually using with bigger visibility and growth prospect than most crypto buyers realize.

>>23481736
>I'm a immigrant to Germany.
Go back into your shithole, we don't want you in our holy Landesmark.

>>23481770
Ree all you want krautboy. Foreigners switching from Vattenfall to Lition Energie are the ones who pump your bags.
Anti-immigrant sentiment of this sort will only cuck you in the end.

>>23481805
We will enslave your kind soon enough, you will rotate a ground liying Lition wind turbine until you collapse.
Are you Adam?

>>23481736
very good points
>>23481770
seethe retard

>>23481736
>I'm an immigrant to Germany.
Where from?

>>23481834
>We will enslave your kind soon enough
Do you actually believe that? Kek.

>>23481885
I hope it isn't true, this scum doesn't deserve the honor to work on German clay.
But a Führerbefehl is a Führerbefehl.

>>23481880
US.
But, for my argument, it's not important. I have friends and coworkers from many different nationalities. Everyone uses N26 here. Like to the point where people are even using meme features like moneybeam, which is not an experience I've ever had with a bank before.
I have no doubt many of those people are using their energy offerings, insurance offerings, etc, rather than going through the check24 rigamarole which is completely hostile to non-German speakers.
I mean, I read and write pretty ok German now, but if I were starting all over now I'd probably just pick whatever options the app threw at me, particularly if I was not planning on staying long and just wanted to press a button to get Privathaftpflichtversicherung taken care of. Same of course with energy.

>>23481805
>Anti-immigrant sentiment of this sort will only cuck you in the end.
Immigration is only good when its merit based and a fraction of the birth rate of a nation. Europe is seeing more migrants than newborns in sone countries. Its disgusting, its an outright attack on our way of life, its undemocratic and you hace to go back.

>>23482102
And you constantly here bullshit about "immigration being good for the economy". It's only done to hide poor GDP per capita growth with a rising total GDP. The only people that benefit from immigration are the immigrants themselves and the elite in the receiving country. Immigration is bad for the average person in the receiving country and it's bad for the country that they originated from because it reduces their workforce and/or causes a brain drain. The only exception to this is if the immigrants are significantly richer and more skilled than the people in the receiving country (eg. South Africa). The West is going to be absolutely screwed in the future when automation arrives in full force and we've got even more people to look after and provide welfare to. And it'll be almost impossible to deny when Japan doesn't have to worry about this at all.

I haven't even gotten into how mass immigration, racial diversity & cultural diversity increases social instability and causes race to become an even bigger issue than it ever needed to be.

>>23482203
>The only people that benefit from immigration are the immigrants themselves and the elite in the receiving country
This isn't really true, immigration of even unskilled laborers increases the labor pool, enables new types of businesses, more specialization, etc. Everyone benefits (to varying degrees) from economies of scale except for earlier waves of immigrants.
Immigrants generally aren't competing for jobs of the "average person in the receiving country," and those average people (by here I guess you mean native / well integrated, middle class or eligible, educated, whatever) benefit from increased labor opportunities due to a larger workforce.
You imply so yourself here:
>it's bad for the country that they originated from because it reduces their workforce and/or causes a brain drain
If a reduced workforce and/or a brain drain *from* another country is bad, why is increased workforce and/or increased skilled labor in a recipient country also bad? Something doesn't add up.
>Japan doesn't have to worry about this at all
Japan's real GDP is declining as its population shrinks, and this is before getting into second order effects (inverted population period, adult care crisis, withering consumer base, etc). Automation in a generalized sense is quite unlikely to develop at a rapid enough pace to meaningfully address this.
>mass immigration, racial diversity & cultural diversity increases social instability and causes race to become an even bigger issue than it ever needed to be
I have no counterargument to this. It's a real tradeoff that one needs to consider in addressing the problems stated above with immigration. But I don't think they will go away without immigration, and as far as I know developed countries have been largely unsuccessful in attempting to boost the fertility rate through social/economic initiatives alone - hence one must take mass immigration and its imperatives (significantly better developed integration programs, for one) seriously.

>>23481736
>When I open my phone and check my bank balance right now, there is an offer to switch my energy to a Lition supplier with an N26 discount.
Post screenshot please...

>>23482448
I'll do no such thing. However this blog post shows what it looks like
https://medium.com/lition-blog/n26-and-lition-expand-partnership-dc0731a1ab5f
Those screenshots (localized in English for me) are basically up to date.
On the second one if you scroll down it explains a little about Lition being a green energy marketplace without a middleman. No mention of blockchain (which is a good thing)

>>23476052
link to store?

>>23481770
outside of Berlin, Germany is a shithole
t. expat
seethe kraut

>>23479380
haha that make it fine you granmpar

>>23475910
You're right. I looked into the project, a distributed ledger is unnecessary, they are just trying to get some hype on their basically failed project.
I almost bought a bag but then soon realized their mainnet was completely wrecked (already crashed badly a year ago which made the price dump pretty hard --they are still trying to make it work by constantly pushing back the deadline). Even if you were "in for the tech" this would be bad investment.

>>23482908
You had 2 years

>>23475981
>You get energy from the net
How the fuck is this plausible I am so confused what does this project do? In terms of physical infrastructure, how does this deliver electricity to my home? I mean, wtf are you niggers talking about?
>>23482404
Non-white immigration is bad for the economy to such a degree that it will quite literally collapse in on itself and no degree of kabbalistic money magic will stop this from happening long-term. Also your arguments are bad and I suspect you're not white yourself, but also I dont have the time for them and this isn't the place to discuss this, take it to fucking /pol/.

>>23483068
you select what energy plants you want to use to power your home, ev etc
rather than an energy provider choosing for you

>>23483068
>Also your arguments are bad and I suspect you're not white yourself
I am a white American with a decent enough education to notice that you are pulling the “direct contradiction without refutation” and “not my job to educate you” cards.

>>23475859
>no one's talking about it
people are taking about it
lit threads get 80+ ip's
but mcap is still 10m

i know coins with less talk and bigger movements

>>23483159

>I am a white

This is a Lition prerequisite

>>23476023
Wrong. Intellectual eurofags know renewable is necessary.

Since I have already accumulated my target amount - here is an objectively true comment about this project and its current status:

- close tie to SAP
- GDPR compliant (makes it the #1 blockchain for use in EU region)
- partnered with MSFT, tomochain and (not nearly enough covered in LIT threads:) https://en.wikipedia.org/wiki/Volksbanken_und_Raiffeisenbanken

- working mainnet (given the unique nature of this blockchain, there existed a complex, deadlock consensus- issue with the first mainnet release a year ago, which was fixed in Q3 2020 - as promised by the team.)

- 1 working and running use case in the energy sector (lition.de), 1 use case in the POC phase and to be implemented very soon (docmosis.com)

- '[big news] never seen before in the crypto sphere' announced, by a team that is generally reluctant and careful about announcements.

- there are currently no showstoppers / critical / or even minorly concerning issues known to the public.

other than that, DYOR.

>>23483159
You sound like you have a humongous dick up your ass.

>>23479161
I made plenty of money on uniswap but virtually none of that shit is worth holding more than a few hours or days at the most. LIT is a long term golden ticket. I've already made it from LINK and I bought QNT at $0.5 as well.
LIT is my last long term big bag. Gonna take care of my family desu.

>>23483214
oh and i also forgot about:

- centralised exchanged listing confirmed by end of month


also some keywords for ctrl-f people:
summary, tl;dr, tldr

>>23483137
And why is my energy provider going to let me decide what source powers their transmission lines?
>>23483159
I'm getting ready for work you pretentious niggerfaggot. If you want to know why your arguments don't work, then take it to /pol/.

>>23483346
>And why is my energy provider going to let me decide what source powers their transmission lines?
Because they are. Distributing options through a decentralized digital marketplace with trust less auditing tech means less overhead and greater profits on their end. This is already a working profit tens of thousands of people are using and the profit model is basically smart contract efficiencies 101. Why are you in this market if you cannot grasp this?

>>23482404
Who cares about the economy fucking nigger. I wish the whole economy ceased to exist and I could live peacefully in a small village with my fellow aryans.