/biz/ - Business & Finance

>CEO is known for scamming and pathological lying, has spent most of his childhood in psychiatric hospitals
>The issuance of the ERC-20 LTO tokens have a tradeable asset versus the staking asset. This could certainly flag the ERC-20 LTO token as a security at the SEC, and the resulting measures taken against the LTO Network would be anything but good. T
>The whole process of having three different tokens (native, ERC-20, and BEP-2) is confusing and unnecessary.
>The team claim to have been working on it for 6 years but their website was created 2 years ago
>LTO is centralized, slow, and the tokenomics are unsustainable if the price gets higher than $0.5 as it would force clients to pay much more than if they were using a regular a regular company.
>They are using IBM cloud to host empty PDF files and claim they have a partnership with IBM
>The token was only created to get funds in the ICO and could easily be replaced by a stablecoin
>Their only real partner is the government of Afghanistan, which has the 7th lowest GDP per capita of the entire world in 2020 according to the IMF
>Most if not all of their marketing budget goes into paying pajeets to shill their scam on /biz/ and Telegram
>There's no proof that all 60 clients LTO has are paying customers and the team didn't offer a free or discounted trial run to boost their numbers to make LTO more appealing to investors.
>In fact the CEO explained several times that they are giving free tokens to companies to try out their system, and you wouldn't know if these companies stopped using LTO and their transactions were replaced by fake ones.

>Rick made a short livestream after the pornstar incident and admitted he's had trouble keeping his porn addiction under control and has been spending his days jerking off to Brenna Sparks lately. (he was clearly drunk and high during the livestream)
>IOTA will be able to perform LTO's entire usecase for free. LTO is a fork of waves which offers no real innovation and will be replaced by IOTA
>CEO is a long time friend of Jed McCaleb and Mark Karpelès, he was the mastermind behind the rise and fall of Mt. Gox
>Most members in the team are trainees with no experience, only the Lead Architect is talented but he was diagnosed with prostate cancer last month and is likely to pass away this year
>The parent company of LTO, Firm24 has lost customers and is close to bankruptcy after a scandal involving 2 employees who participated in child trafficking
>It's been proven that the team shares and publishes misleading information about the number of staked tokens and daily transactions
>They recently hired a XVG twitter shill to be their spokesperson and marketing advisor
>Pic related is OP, working as a freelance to shill LTO
If you are a newfag and wonder if you should buy LTO or not, do yourself a favor and use filters to hide every LTO thread. Do not listen to the paid shills ITT unless you want to end up broke.

>>29320375
Red ID = Big lies

>>29320375
Why are you dropping the same FUD into every LTO thread? Who has time for that? Simple question, which I have yet to see you reply to. Can you provide a source for these claims. I hold LTO, if it's true, I'm all ears. But this seems off..

OH MY GOD I'M RUINED, WE ARE GONNA PLUMMET IN 30 MINUTES AND I DONT HAVE GAS TO TETHER AAAAAAAAAAAAAAA

>>29320930
I admire his autism
But all he is doing is making sure newfags miss out on LTO
I suspect he's one of the VIDT faggots who sold during the falling knife, they made some cringe threats here lmao

>>29320462
>>29320462
Why do you retards always have to lie about coins you don’t like??? Just tell the story how it is, without flagrant fabrications. It’s getting so fucking tiring reading this shit every single time I open a fucking thread. In the livestream Rick was drunk. That’s it. He was drunk. Not “clearly drunk AND HIGH”...STOP MAKING UP SHIT TO MAKE THIS CRYPTO STOCK SOUND LIKE A SCAM

Looks like not everyone's destined to make it

>>29321659
kek

We'll never get past that sell wall, it's over... Rick fucked us all

>>29322217
Do the math, Dickhead!

>>29320375
>>29320462

Fake fud get the fuck out

LTObros, I'm trying to do the math. how to retire on LTO? Assuming it hits $1.5 as max since it will lose its utility if the price rises too much because clients will no longer want to splash out so much money to use the service. If one was to buy today at $0.40 and stake @ 6% (current, likely to decrease e.g. 1% every year for the next 2 years and floor at 4%). From my quick and dirty calculations one would need to spend:
>$200,000 today to acquire 500,000 LTO
>@6% end of year 1, end up with $12,000 from staking or $1,000 per month
>@5% end of year 2, $22,600 from staking or $1,883.33 per month
>@4% end of year 3, $31,504 or $2,625.33 per month
So from year 4 it becomes sustainable if price stays at around $0.4. If price increases to $1.5 by the end of year 1 then:
>@6% end of year 1, end up with $12,000 from staking or $1,000 per month
>@5% end of year 2, $84,750 from staking or $7,062.50 per month
>@4% end of year 3, $118,140 or $9,845.00 per month

did I get this right?

New UN website and promo shit to come out soon

>>29324164
>Assuming it hits $1.5 as max since it will lose its utility if the price rises too much because clients will no longer want to splash out so much money to use the service.
Stopped reading there

https://blog.ltonetwork.com/faq-why-arent-lto-transactions-pegged-to-the-euro/

It's the worst Sunday in terms of amount of transactions for the whole month of February.
As expected, companies are leaving LTO because it's too expensive to use.

lmaoooo he bought LTO

>>29324506
fake and faggot

>>29324506
>67k+ txns today so far
maybe next time faggot

>>29319420
Thanks for the info Anon gonna accumulate some more LTO

>>29324779
>>29324813
>81k tx 14/02
>86k tx 07/02
>82k tx 31/01
>84k tx 24/01
>83k tx 17/01
https://lto.tools/txs/

Ah, LTO Brothers, remember when there was practically 0 FUD on LTO until we 2x?
I'm ready for the fud after the 10x

>>29325541
68k now. the days isn’t over you absolute mouthbreather

>>29325808
1 hour left until the day is over in Amsterdam

>>29326033
sunday

>>29326033
They had a quiet Sunday? Holy shit, SELLSELLSELL

>>29326127
>>29326490
It's still a terrible Sunday compared to the others.

>>29325610
I started shilling LTO before 4x
Only a handful of anons bought in at that time tho

>>29319420
This shitcoin better do something other than crab for the remainder of the bull run

>>29326546
Imagine having LTO live in your head rent free this much, it's getting too autistic fren
And why, because LTO acquired a shitcoin you were holding at the time...
You got cucked move on

>>29324164
No, but its a good try There is no upper limit to LTO price, they just adjust the TX fees accordingly. Try some more calcs at a lower % but much higher price while allowing for increased TXs plus deflation. Riddler hinted at a $100 min for LTO

Bull run just getting started

>>29327009
>There is no upper limit to LTO price
yeah from reading >>29324291 it looks like I got the tokenomics wrong. If the price is much higer and % lower than the principal becomes much larger, it's better in a way since it gives the option of selling off and recoup a large principal vs having to wait years for the compounding effect to really kick in.
>$100
now that would be insane, it means the make it stack in fact 5,000 LTO which is tiny.

>>29327641
soon the suicide stack will be 15k, then it will be 10k, then 5k, then 2k, then 1k

>>29327641
Had one anon theorize that sui and make it stacks are in fact lower, riddler just wanted high iq anons who had done the math to be whales.

>>29319420
.37 stablecoin

>>29327641

I currently have 5k stacklet, going to keep adding to it though, can't see why LTO doesn't get more attention.

can you explain to a newfag what sui and make it stacks actually mean please?

>>29328479
it's subjective

>>29326546
Sunday is irrelevent

This week they have processed 651,445tx
Last week they processed 640,445tx
In the first week of Feb they processed 666,488tx

In reality they have processed more tx this week than last, but not as many as in the first week of Feb, however I don't know what their client use case cycles look like, but I suspect their first week of the month sees the highest number of tx with it dipping slightly as the month progresses.

>>29328653
Thanks anon

>>29321908
Lmao nice collage anon

>>29328479
5k is a solid stack imo. Don't get caught up with numbers other people throw out. The fact is, if LTO does as well as we hope, people will be extremely jealous of your 5k and "stacklet" will no longer apply.

Also, I need the biz LTO telegram. Can someone hook me up?

>>29328900
sui is the minimum stack you'd need hold to stop you from killing yourself when it moons, make it stack is the make it stack. riddler said 15 and 55.

TXs are always quieter on the week-end because businesses are more likely to be closed/not fully operating. This is a work-focused token, not some speculative moonshot (if you are treating it this way, then maybe you are wasting your time, as you would get better returns in time on other coins).

>>29319420
only faggots buy this please let me accumulate

>>29320375
>>29320462
>FUD
>no source
retarded pajeets

I do not have any LTO memes
But I comfy hodl LTO
Pink lambo in this token's honor