Lition general

[Anonymous No.16430636]

What do you think about LIT? Are there any stakers here?

[Anonymous No.16431609]

>>16430636
Anyone interested in this project?
>the only deletable blockchain
>gdpr compliant
>strategic partnership with SAP
>ultra low market cap

[Anonymous No.16432385]

There are some people here interested in this project but for now its back in the beta phase which means there wont be much happening with it. The patient ones will be rewarded, anon.

[Anonymous No.16432401]

Is now a good time to biz a suicide stack? On which exchange is this even listed)?

How much down from ICO is this?

[Anonymous No.16432420]

>>16431609
>deletable blockchain

[Anonymous No.16432424]

>>16432401
Jup I think that is a very cheap entry you will have here. IDEX and Hotbit are two exchanges for it. Binance DEX is also there aswell

[Anonymous No.16432439]

say what you want but this has nowhere to go but up

[Anonymous No.16432462]

I can tell all of you retards ITT are paid shill jeets who don't even browse biz, simply from the fact that 0 gretas were posted so far
lurk more and maybe you'll get better shill gigs

inb4 what's a greta
desu baka senpai

[Anonymous No.16432503]

>>16432462
>OP is literally greta

ranjesh, I....

[Anonymous No.16432546]

>>16432503
kumar you got curry on your glasses again
we told you to get lenses ain't no big toilet bich letting your sloppy hotdog into her sacred vegana temple with those boomer looking ass frames ya feel me dawg

[Anonymous No.16432550]

>>16432546
Patel, we know you made big losses on LIT. We are sorry

[Anonymous No.16432578]

>>16432550
haha funny joke gupesh
tell your prostitute of a mother I'll be late for dinner

[Anonymous No.16432632]

So read the "technical white paper" of LIT only to find out that it is neither very technical nor of high academic quality. Since this is not a research paper I can let that slide but.. how can they write 12 pages of blablabla without precisely describing their own design? It`s literally just blababla some do this now bla others does that bla bla Quantum computing bla bla we trust in TLS bla bla we are GDPR compliant because malicious nodes will just delete data as promised XD

The following copypasta is like 5 times in their whitepaper to make it look longer:

"
To ensure a transition path towards postquan-
tum transport security, without knowing of a
scheme we trust to certainly provide it in an
efficient and overall compelling way, we pro-
pose to use the standard transport layer secu-
rity (TLS) for communication between nodes:
We expect TLS to develop a future encryption
(and authentication) option offering postquan-
tum security "

From reading the paper they seem to have literally no idea about staking LMAO

This is a joke. What they are trying to accomplish will be achieved by Hypeledger and IBM

[Anonymous No.16432654]

>>16432462
>>16432503
>>16432546
>>16432550
>>16432578
The fuck is this new meta? Kek, both the fudder and the shill calling eachother by Indian names back to back.

[Anonymous No.16433497]

>>16432401
>How much down from ICO is this?
-74%, down from $0.1

[Anonymous No.16433514]

>>16432632
the idea was getting sandeep's money by minimizing effort with random buzzwords. It worked

[Anonymous No.16433719]

>>16433514
the paper really looks like a SCIgen paper.

Do they at least have 1 (!) single CS PhD with experience on actual distributed systems or better consensus protocols?

I merely read "PHP dev" or "Frondend dev" (WTF should they even develop in the project? Create the website? And some "blockchain seniors" who probably only know to script some coin flipping smart contract.

vs. the Hyperledger team with Linux Foundation and IBM who will actually develop these type of blockchains.

[Anonymous No.16433785]

>>16433719
>Do they at least have 1 (!) single CS PhD with experience on actual distributed systems or better consensus protocols?
they don't
>>16433719
>I merely read "PHP dev" or "Frondend dev" (WTF should they even develop in the project? Create the website? And some "blockchain seniors" who probably only know to script some coin flipping smart contract.
whoever they have struggled very hard to do the BEP to ERC bridge and failed miserably at staking

[Anonymous No.16433987]

>>16432420
You heard that right, deletable blockchain

[Anonymous No.16434437]

>>16432632
Look at the author. White paper was literally written by Dr. Juergen Mueller who is the CTO of SAP. Kinks will be worked out in the coming months. Also just look at the news regarding Germany and crypo. Perfect storm is brewing.

[Anonymous No.16434759]

This coin got heavily sold due to a couple of factors.
> token unlock of private investors
> mainnet bug
> /biz/ coordinated fudding complete with Greta posting and insinuations of exit scam.

I've looked into this and token unlock is not all that big. Officially 4.4 million per month for november and december yet it seems some investors are fine with waiting longer. Only 2.7 million tokens got unlocked in November.
No other irregular dumping has taken place thus an exit scam seems highly unlikely.
Also at just 3 million mcap (of which less than 2 million in team hands) it seems hardly worth the image damage such an exit scam would inflict upon the high profile founders, investors and advisors.

So probably pretty undervalued at this point.

[Anonymous No.16434891]

>>16430636
I got just the 5k for staking pool awhile ago. Staked and did compounding rewards. Not getting any rewards yet but they said they would back pay. Who know with this one anymore really. Just seemed like for a little over 100usd it was worth a shot.
>>16432654
Yeah biz has gone full retard. No original insults just calling people brown skins and such these days.
>>16434759
I agree. I feel bad for people who got in at the hight of hype for this but now seemed like a good time to give it a very small shot.