/biz/ - Business & Finance

>>29809985
>1 post by this ID

>>29809998
No

>>29809985
Yeah I actually know a lot about it, let met explain
>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.
>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.

>>29809985
>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
>They also dumped 500k LTO on Binance a few days ago and were caught red-handed
>Pic related is shills who will answer to you, 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.

>>29809985
there have been many threads about it. go search for "the riddler" or "the math" on warosu. There is good fud too however...

There is an official biz/node for staking this.

>>29810152
Holy fuck, thanks, i sold what i had

>>29809985
Yes it is a guaranteed moon shot >>29802965

here is the AMA from today with Horizen https://www.youtube.com/watch?v=Krs9WvkbgrY&feature=emb_title

>>29810108
>>29810152
Don't listen to this idiot it's a schizo poster literally posting fake fud in every LTO thread.

>>29810304
you did the smart thing anon... kek

>>29810304
LMAO bravo schizo you got newfags selling their mini stacks based on green text fud with no links to back any of it up. Bravo.

lmao, good try dude

> I’m not an retard who will go for this niggers scam
>biz is full of such smart traders and investors
my bnb is on Jul on yields, 54$ just for a week

>>29810360
Kek, the thread you referenced has even more scandals and fud than this "schizo poster" .
You fucking retarded paki.

>>29809985
scam coin, don't buy for at least 8 days

It's a scam
>b-but muh UN partnership
Partnership with UN is actually bearish af. They'll waste investor money to Afghanistan government, one of the most corrupt and worst country in the world. Partnership with UN is death flag for many crypto project.
Example of another scam project that partner with UN:
>Devery
https://medium.com/devery-io/devery-united-nations-world-food-programme-use-blockchain-to-ensure-the-safe-delivery-of-food-to-acd6a5037123
Devery team exitscammed months after that partnership
>HST
https://medium.com/horizonstate/united-nations-igo-joins-forces-with-horizon-state-to-accelerate-sdg-innovation-38bd9f8f54d0
Horizon State token exitscammed months later and have ceased operations
>Ambrosus
https://irishtechnews.ie/ambrosus-joins-united-nations-sponsored-one-planet-network-and-establishes-partnerships-with-blendhub-and-flatev/
Bizonacci killed himself after Ambrosus revealed as scam
>LTO
Exit scam coming soon

>>29810467

I'm as white as can be nigger. What scandals are posted there? confused. Not worth wasting my time convincing you niggers of anything.

I heard Mcdonalds coin is a great investment actually, maybe you should look into that.

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B-but m-muh land registry
Developed countries where the money is made, they use private blockchain already for land registry.
Zero chance they'll use some dutch gypsy public blockchain for land registry purpose.

Fuck this is frightening stuff.
I thought top 200-300 would be high enough to avoid obvious scam coins, what the fuck.
Anyone got an alternative to LTO? Small with possibility of 10x that isnt run by crooks.

>>29810741
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>b-but muh land registry
Developed countries where the money is made, they use private blockchain already for land registry.
Zero chance they'll use some dutch gypsy public blockchain for land registry purpose.

>>29810751
dude let me spoon feed you say aaaaaaaaa

LTO Network is a hybrid blockchain with two layers that operate independently. The private chain facilitates automated live contracts between private networks; the public layer is optimized for "anchoring" and sharing information on an immuateable decentralized ledger.

---SUMMARY---

USE CASE:
>scaleable inter-agency data sharing consortiums


FUNDAMENTALS:
>~100k Tx/day (rising)
>99.9% Tx's from actual usage
>used by United Nations (land registry in Afganistan)
>used by Dutch gov
>GDPR compliant


TOKENOMICS:
>50% circ. supply already staked
>deflationary: 0.1 LTO burn/Tx
>unique "LPoI" network economics incentivizes clients to buy, stake LTO
>100% of staking dividends derived from network fees

---WATCH---
>LTO in 1.5min:
https://www.youtube.com/watch?v=Obj9GhhgE8M [Embed] [Open]
>3 min:
https://www.youtube.com/watch?v=F4B5w0j4IQQ&feature=emb_logo [Embed] [Open]
>30min:
https://www.youtube.com/watch?v=zMa4HwgoeMI [Embed] [Open]


---READ---

>GENERAL PROFILE:
https://upblock.io/research/LTO%20Network
>LITE PAPER
https://ltonetwork.com/documents/LTO%20Network%20-%20Token%20Economy.pdf
>WHITE PAPER:
https://ltonetwork.com/documents/LTO%20Network%20-%20Technical%20Paper.pdf
>/BIZ/ PASTEBIN:
https://pastebin.com/D5ETj3Ks
>TOKENOMICS FAQ:
https://blog.ltonetwork.com/faq-why-arent-lto-transactions-pegged-to-the-euro/
>ARTICLE: "An Obj. Look at LTO"
https://blog.goodaudience.com/an-objective-look-at-lto-networks-token-demand-8ce15e658c2b?gi=eb25d30c38d1
>ARTICLE: "LPoI":
https://medium.com/@malexaffey/leased-proof-of-importance-separating-the-real-from-the-fake-bbf047a75f9a
>ARTICLE: "LTO's Valuation"
https://redphoenix7even.medium.com/this-is-not-a-comparison-of-which-network-is-better-or-worse-bcd04826ab7e
---TOOLS---

>STAKING WALLET:
https://wallet.lto.network/
>/BIZ/ NODE
https://xeno.finance
>LTO STATS:
https://lto.tools/

>>29810751
if you're going to sell over unsubstantiated, copypasta fud, you were never going to make it in the first place. Check the archives for LTO threads. He's in every thread with the same, weak fud.
Goodluck

>>29810751
TRAC is the answer anon. Developed by chad balkans from the country slovenia.

>>29810661
Nice flailing strike. Im actually holding ada, one and orn.
Why the fuck would I hold your scam paki coin?
Its in the other thread retard, some anon posted links also. Honestly, that referenced thread did nothing to save the reputation of lto, it was a literal shit fest.

>>29810819
MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COINMCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN MCDONALDS COIN

>>29810886

I'm not here to spoonfeed you. I came in this thread provided links for OP and that's it. Do your own fucking research.

Another proof that their CEO has porn addiction. What kind of business will want to deal with him seriously?

>>29811201
at least post the undoctored image