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21867059 No.21867059 [Reply] [Original] [archived.moe]

Latest news
>ColdFusion youtube channel (2.52M subscribers) namedrops Lition in relationship to the Microsoft Azure integration.
>SAP blog on integration with Ethereum mainnet. (not directly Lition related)
>5 Trust node operators will be added to testnet next week. Testnet back at 6 nodes. (down from 7)
>Germany moves ahead with legal framework on Tokenized securities.
>Lition joins INATBA

>What is Lition?

>How To Buy?

>How To Stake?

>Staking Calculator

>Lition Maker Energy Sidechain

>Official Site




>Previous threads (newest to oldest)
*virgin /lg/s

>> No.21867226

>only node outside of Richtard office got disconnected hours ago and still
>they just added a new node
>last block 15min ago
>testnet crashed

>> No.21867279
File: 1.24 MB, 970x980, 1598381697660.png [View same] [iqdb] [saucenao] [google]

>pic related

>> No.21867289
File: 1004 KB, 1296x836, Screenshot from 2020-08-25 20-54-10.png [View same] [iqdb] [saucenao] [google]

I really think this is pretty big.
Lition's Microsoft connection just got namedropped in front of an audience of often hundreds of thousands and sometimes millions of viewers!

>> No.21867371

Am I seeing this right?
Lition, a 8 million MC coin, is basically the only project mentioned by name besides Ethereum in this whole 17 minute video?
Although it's a brief mention this will bring some major brand recognition to Lition. Buying more asap.

>> No.21867393
File: 2.45 MB, 544x300, Lition Richard Noose #2.gif [View same] [iqdb] [saucenao] [google]

Just so >100 IQ Lition holders don't worry, the reset is literally as we expected. In order to roll out the first public test phase, they have to reset the blockchain. They've said that they have been doing this way back in March. To be clear a reset does not mean that mainnet has launched because I remember some idiots thought that last week.

>> No.21867440

Fuck I meant to put <100 IQ.

>> No.21867508
File: 116 KB, 920x880, highiqpepe.jpg [View same] [iqdb] [saucenao] [google]

based infoman. I did not know this and was a little bit worried. As you indicated correctly with the '>' sign my IQ is indeed far beyond 100. How did you know?

>> No.21867564
File: 21 KB, 225x225, angrypepe.png [View same] [iqdb] [saucenao] [google]

grrrr. I was scrolling through my lition memefolder and it took so long that I didnt see you posted this already.

>> No.21867581

>no ama
>no mainnet
>no Richtard
>team dumping
>advisum dumping
>price still crashing
My disappointment is immeasurable and my day is ruined

everything you need to know about lition aka shition and their ceo Richtard low.iq

and more importantly:
>one node got disconnected hours ago (08-25-2020)
>they added another new node (08-25-2020)
>after 2 hours: testnet last block 20min ago
>testnet crashed
it night time in germany so they can't hide it until tomorrow
maybe rankeesh gang will say mike is the culprit for the testnet crash

>> No.21867657
File: 407 KB, 933x1159, lithenlo.png [View same] [iqdb] [saucenao] [google]

Frens I hold lit but I don't know what it does. But I still have high IQ... right?

>> No.21867662

Why dont you link all the posts calling you out on your bullshit and erratic behavior?

>> No.21867749
File: 263 KB, 1142x734, Screen Shot 2020-08-25 at 3.09.32 PM.png [View same] [iqdb] [saucenao] [google]

If you're watching the Lition Maker explorer, you can clearly see that they are testing both adding nodes and making certain nodes offline randomly to see if the consensus correctly handles validating blocks.

Testing is going really well and I'm optimistic that Mainnet will launch by the end of October after more testing with community nodes.

>> No.21867772
File: 331 KB, 570x754, Frog Art Lition.jpg [View same] [iqdb] [saucenao] [google]

I don't see how no AMA and mainnet being on track to launch in Q3 but not having reached that point yet is genuine criticism to be constantly repeated. The team isn't dumping and neither is Advisium. Do you have any proof that Advisium is dumping? No but you will still continue to ignore my questions and continue to spam these threads where you aren't wanted.
>price still crashing
Up 4.3% in the last 24 hrs. Up 10% relative to ETH.

I've already addressed your other claims >>21867393 which of course you ignored.

>> No.21867775

Anyway, nobody with <80 IQ doesn't take mikefrompajeetstan seriously anymore after he exposed himself in the last general.

>> No.21867829


>> No.21867839


Let you have your fun last thread, but many of us saw you come back a few weeks ago bullish as fuck and praising your own past FUD campaigns? Now /lg/ returns followed by a pump you've reverted back into this character. It's boring, and very uncomfy. I just want to build my lego in peace so please behave yourself.


>> No.21867865

>the reset is literally as we expected
> they have to reset the blockchain
>testnet didn't reset and it still in block 126k trying to create new blocks
>which means consensus problem isn't fixed after all this time

oh the cope is strong with you rankeesh gang, it not even work hours in germany, Richtard now is enjoying some autistic time with his son building lego he bought with anon money while anon baghold worthless shition

active nodes from 7 to 6 to 5 to 4 and soon to zero

>> No.21867886

Hey Mike, you stinky streetshitter. I will send you 10k LIT if you fuck off from these threads forever. Not joking.

>> No.21867901

How do you think it resets dipshit?

>> No.21867925

Shame this a testnet and crashes/resets are to be expected

>> No.21867940

Although after I just typed that previous comment, it does look like their testnet has run into issues with their latest test. New blocks aren't being validated for the past 40 mins.

>> No.21868065

Ftp is correct. The fact that they can put random nodes offline and it still works means the consensus issue has been fixed (at least internally, which we should've already expected). Testing will continue with community nodes but I doubt that will change much. The fud is unintentionally bullish. This is good news.

>> No.21868081

>you can clearly see that they are testing both adding nodes and making certain nodes offline randomly
>to see if the consensus correctly handles validating blocks.
>validating blocks.
so you can clearly see it didn't handle validating blocks very well lmao you're fudding right now

>neither is Advisium
uh the fake early investors with 4.7ml tokens, one of was selling 2 hours ago

>I've already addressed your other claims
can you please also address the team selling ecosystem tokens in the past and you pajeet said they have the right to sell them and it was written in the whitepaper, can you point me where it says that? 4 days still no answer because there is no mention of that, they sold tokens meant for stakers as rewards

>> No.21868082

>Top right of screen
>Filters and posts hiding
>Filters and highlight specific threads/posts
You're welcome. Can also use ID.

>> No.21868105

>New blocks aren't being validated for the past 40 mins.
The time it's been down for doesn't really mean anything. It just means that they haven't rebooted. They may be waiting until tomorrow morning or when they onboard the community nodes to start it up again.

>> No.21868112

You're right. There were blocks being validated while it had 7 nodes and 1 offline earlier. Weird. Maybe they are just resetting, as other anons have speculated.

>> No.21868115

Stop shill this scam here please

>> No.21868261
File: 6 KB, 225x224, Download (1).jpg [View same] [iqdb] [saucenao] [google]

>Stop shill this scam here please

>> No.21868263

Shut up.
We're discussing major exposure on a mainstream youtube channel, testnet developments and Pajeet fuddery.
This thread is very much needed and more useful than 99% of the threads on /biz/ right now.

>> No.21868315

Hi currymike, mind explaining why your behaving like a lunatic?

>> No.21868357

by going offline and block numbers resetting to zero fish brain? and it happen that it stop producing blocks only 2 hours after they added another node while an old one is still offline, what a coincidence

50k and you have a deal swear to god, atleast i can break even from this shit and move on to another shitcoin with better team not some nazi scammers

>The fact that they can put random nodes offline and it still works means the consensus issue has been fixed

>> No.21868385

Please dont

>> No.21868482
File: 1.75 MB, 1920x1270, Lition Museum.png [View same] [iqdb] [saucenao] [google]

>by going offline and block numbers resetting to zero fish brain?
Yes. That is exact what a reset is.
>and it happen that it stop producing blocks only 2 hours after they added another node while an old one is still offline
I don't think that means anything. But of course to you its a clear indication that they completely failed and will exit scam by the end of the week.

>> No.21868557
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Just sold all my other shitcoins and doubled my LIT stack.

>> No.21868597
File: 22 KB, 219x230, 1588700192697.png [View same] [iqdb] [saucenao] [google]

>break even
This guy is having mental breakdowns over losing $7k in crypto. Stay poor, poojeet.

>> No.21868655
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Nice I like this version

>> No.21868684
File: 391 KB, 598x650, brave_gbxVKMN2Uf.png [View same] [iqdb] [saucenao] [google]

Translation: "Today our guys compete at Beach Mitte two against two. That sounds exhausting ... You will be able to use our #GoodEnergy! How do you keep yourself fit as a team this summer?".

>> No.21868693

He only has a 30k stack. He told me in the DMs in March. Dunno if he actually sold (which I hope he did) or increased his stack.

>> No.21868761

Kek thanks for pointing this out
Piss off peasant

>> No.21869217


Props again to the Anon who made this custom lition Pepe earlier absolutely based af

Tie is 10/10

Pepe looks so good in a green suit

>> No.21869672

No way! Big fan of cold fusion that guy's really smart and has top content. Delighted to know he's lit pilled

>> No.21869725
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>> No.21869754
File: 348 KB, 1280x898, Lition_Autonomous_Zone_#2.jpg [View same] [iqdb] [saucenao] [google]

Thanks fren

>> No.21869790

You stinky greedy Pajeet! Imagine being offered a suicide stack and demanding a make it stack

>> No.21869869


>> No.21869884

oh nonononono lit bro they took the website down, we got too comfy talking about moon and lambo until the consensus hit us in the head like a comet
tomorrow will see if it was just a planned test or it really didn't work and they didn't fix the problem
>they had 10 months time to fix it

>> No.21870012
File: 55 KB, 1080x611, Richard TheUnTrustWorthy.jpg [View same] [iqdb] [saucenao] [google]

New Zealand.

>> No.21870039

i don't want money from anons, i wanted from Richtard himself as a sorry note

>> No.21870193

Not even defi or dot? This token belong in 2019 its useless trash

>> No.21870252

thank you

>> No.21870286

only one node left active, is this also a planned test? is this bullish? i can't wait for tomorrow shit show

>> No.21870416
File: 78 KB, 1280x447, 1598254035753.jpg [View same] [iqdb] [saucenao] [google]

This happens frequently. I have no idea why you're acting like it's this new occurrence. The blockchain is down and you're concerned about the number of nodes running while the blockchain isn't running? Why are you desperately looking for things to FUD?

Why haven't you addressed the fact that you bumped your own thread then deleted it when you realised your ID was the same?

>> No.21871147

>This happens frequently
yes when they were figuring out what is causing the consensus problem and not after they said they fixed the problem and are just optimizing the blockchain before launching it, we're only 1 month before end of q3, also remember when Richtard said in april ama that they are ahead of schedule and the mainnet will release sooner? yes i remember that but here we are with a crashing testnet

>When will you launch mainnet 2.0? Is it still on track for Q3?
>We expect to be there much earlier than Q3. We believe we’re in the final lap. It’s just a matter of implementing our solution in the best and most elegant manner possible.

>most elegant manner possible.

>> No.21871190
File: 789 KB, 797x532, IndianaLition.png [View same] [iqdb] [saucenao] [google]

Thanks for the bump fren, not going to read your post though, never do...

>> No.21871375

Didn't read never selling always staking

>> No.21871494
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I am scared bro, hold me down, please tell me we will pull this one off

>> No.21871625

We will pull this one off

>> No.21871651

Worse than 42

>> No.21871868

nothing worse than that israel zionist cum swallower 42

>> No.21871901


>> No.21872019

tomorrow we will find out what really happened and im not talking about them telling lies like "oh anon no worry we were just testing, mainnet end of q3 while we dump more tokens"
we will see if the testnet gonna go up and work like it supposed to do
i still don't understand why they didn't change the consensus, even J.P. Morgan quorum developers couldn't fix the IBFT problem, what is going on with this piece of shit team, it like they are doing it on purpose so they can say "we tried but we failed and now we will close our doors" while running with anons money, it doesn't make sense at all, there are so many other better and approved consensus to implement
so what the catch here?

>> No.21872181

just tell me do i need 50k or 100k to make it

>> No.21872810

5k sudoku 25k comfy 50k make it

>> No.21872869

I'll fud my own bags for an extra 10k LIT XD

>> No.21872911

how many litties to get handjob from ftp

>> No.21873085


>> No.21873208
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that's all? based. so 1 billion market cap is ~$10. hopefully they get there by EOY 2021 but thats huge growth required between now and then

>> No.21873236

They did end up changing the consensus algorithm to a custom IBFT 2.0 implementation inspired by Tendermint. Read the developer update: https://medium.com/lition-blog/developer-update-lition-blockchain-july-2020-ddce3357cc68

>> No.21873255

I'll post daily reminders that samefagfrommoon is a cunt for 5k litties

>> No.21873740

The stakes feel so high. The fact that they're testing and it could all go to shit any moment makes me nervous as hell. I'm holding nonetheless. We're riding the lightning together bros.

>> No.21873744

>we will see if the testnet gonna go up and work like it supposed to do
Dude this has literally happened before. It's nothing to be alarmed by.

>> No.21873789

>could all go to shit any moment makes me nervous as hell
The only reason why people think this is because most people in this community don't have a clue about what they're talking about. Nothing happening on the blockchain explorer is unusual or need for concern. It's like all of you discovered it today.

>> No.21873841

so it normal that they shutted down the whole website? ok dude

>> No.21873844

i'm holding 50k based on pure hopium. but to be fair, the team seems decent, and the risk reward ratio of holding this coin is huge

>> No.21873901

I'm actually with Mike here (at least slightly) they very well could be doing some internal testing, could be intentionally breaking it as a test, could be restarting it, or any number of things. What I mean is that it could all fall apart at any moment. I have a lot of faith in the team but knowing that we're teetering in the edge of greatness or failure is such a thrill to me.

>> No.21874150

>What I mean is that it could all fall apart at any moment.
Exactly what I'm talking about. It is not going to fall apart at any moment. People haven't gotten this yet but they've already fixed it. The reason for the delays is because they've been doing a stupid amount of testing. You think they're going to be launching this in a month or so and they haven't found a robust solution yet? It's a done deal. SAP and Microsoft wouldn't partner with something that could fall apart at any moment. SAP is relying Lition for its blockchain projects. I can assure you things are not going to fall apart.

>> No.21874793

We are so so sorry. Please accept my apology and fuck off back to Bombay or pay me 10 milkyway bars.

>> No.21874819


>> No.21875139
File: 51 KB, 640x640, IMG_20200826_011516_354.jpg [View same] [iqdb] [saucenao] [google]

>Just sold all my other shitcoins and doubled my LIT stack.

>> No.21875240

staking 62k LIT. Most for 6 months and some for 3 months.
Will I make it?

>> No.21875284
File: 368 KB, 1312x1312, 1583815546980.jpg [View same] [iqdb] [saucenao] [google]

Found the poorfag. Get at least 500k

>> No.21875328

Haha I was waiting for someone to do this

>> No.21875498

You have already made it

>> No.21875557

I got 20k LIT

Why do I feel like the DeFi bullrun is ending and I'm gonna get dumped on

>> No.21875708
File: 71 KB, 800x450, 1575845058024.jpg [View same] [iqdb] [saucenao] [google]

If it pumps, buy. If it dumps, buy.

>> No.21875726

Like a true /biz/raeli I buy FOMO in when it pumps and never sell.

>> No.21875775
File: 34 KB, 400x400, 1575844732571.jpg [View same] [iqdb] [saucenao] [google]

Don't sell before high double digits or you will regret it for life. Good night.

>> No.21875881


>> No.21876289
File: 113 KB, 1504x839, critical time for litiio.png [View same] [iqdb] [saucenao] [google]

Guys, the next 10 hours are critical for lition. I suggest you market buy, whales are trying to paint the chart bearish

>> No.21876340


100k, do not waterdown the stacks. 5k suicide, 50 comfy, 100k make it

>> No.21876395
File: 715 KB, 1449x1449, tanked.jpg [View same] [iqdb] [saucenao] [google]

hahahahahhahaha fuck you biz you read my mind hahah fuck you I want out of this place

>> No.21876406

What's "make it"? 1M?

>> No.21876430
File: 29 KB, 460x427, gretapepe.jpg [View same] [iqdb] [saucenao] [google]

I just wrote 100k make it

>> No.21876441

TA doesn't really work in general but especially not for incredibly low volume cryptos. They are easily influenced by external factors and anomalies.

>> No.21876487

he means in dollars

>> No.21876508

This, and frankly I dont really care about the short term price action

>> No.21876549
File: 24 KB, 856x124, Screenshot 2020-08-26 at 01.25.29.png [View same] [iqdb] [saucenao] [google]

Alright boys, who got an invite? Fuck you FTP post your invite here. I didn't, I blame richtard low.iq for this

>> No.21876580

Never mind I am retarded, I read that as " have gone out yet". Apologies for everyone except FTP

>> No.21876582

when are you holding to? 2022?

>> No.21876621

ftp has redeemed himself in my opinion.

Much longer than that.

>> No.21876627
File: 133 KB, 1080x1350, 106513933_708502956390565_5572084994483509618_n.jpg [View same] [iqdb] [saucenao] [google]

If you have 100k you can expect a minimum of 4-5 million $ in the next 2-3 years if they pull it off, that will be enough for you to bang cuties in bali

>> No.21876658
File: 29 KB, 648x629, 1598053095311.jpg [View same] [iqdb] [saucenao] [google]

>ftp has redeemed himself in my opinion.

Wait until he mixes up his tripfags and we will undeniably have proof that currymike is ftp

>> No.21876688

I dunno, at least a year. Its a gamble, but I have more faith in this shitcoin compared to the plethora of uniswap ponzis.
The tech isnt revolutionary, its necessary and the team behind seems to have some pretty good connections. CTO of SAP, eea eminent (link + ubt), and Richard seems to know some politicians

>> No.21876742
File: 51 KB, 261x285, Lition Death Note.jpg [View same] [iqdb] [saucenao] [google]

>The tech isnt revolutionary, its necessary
Nicely worded.

>> No.21876773

Lition $40? I doubt it

>> No.21876803

When you're the first person to solve an issue that is widespread and the solution is simple, you will be rich. Richard is gonna be so much richer than if he stayed with those energy companies.

>> No.21876834
File: 423 KB, 633x724, Pepe never selling eyes Lition.png [View same] [iqdb] [saucenao] [google]

You doubt it because you're ignorant. You don't understand the technology, the utility or the connections that Lition has. I doubt it in 2-3 years but it will absolutely get there.

>> No.21876858

remember when i said the team is putting fake buy orders to trick bots into outbidding their price? now i have prove of it



and this is not the first time and they are right now putting more than 200ether in buy orders just to fake the order bids and make it bigger, you don't beileve me? ctrl+c that fake early investor address and ctrl+f ctrl+v here:

if it turn out the testnet crashed for real and wasn't intentional it will be game over ,im sure it crashed because it was running ok for 1 week and suddenly get stuck and crash after only 2 hours or adding a new external node but i will try to be optimistic like rankeesh gang donkey ass

>> No.21876885

I know right, but kinda the truth.
GDPR compliance is important without a doubt, but the insane gas fees were seeing right now proves how necessary layer 2 solutions are.

>> No.21876901

what kind of curry are you eating rn?

>> No.21876949

How is that proof that the team is doing it?
>if it turn out the testnet crashed for real and wasn't intentional it will be game over
The testnet has crashed multiple times. please leave you don't know what you're talking about. Literally no one wants you here.

>> No.21876974

double dubs of truth

>> No.21877048

this curry smelling faggot is really fudding 24/7 straight from mumbai

What he doesn't realize is that his weak fud is bullish and he shills LIT by bumping every single LIT thread.

>> No.21877358

>Literally no one wants you here
what you gonna do big boy? ban me kek
you can't do shit, this is the only website with democracy, you can't just ban me like in plebbit and telegram, i will hunt you in your dreams until lition goes bankrupt and Richtard go to prison

>> No.21877421
File: 166 KB, 604x403, Ben Shapiro Lition.jpg [View same] [iqdb] [saucenao] [google]

No I was telling you to leave. You didn't answer my question which you have a bad habit of doing. How is that proof that the team is putting fake buy orders to trick bots into outbidding their price?

>> No.21877545

What will you do if the price rockets to 2$ next month?

>> No.21877572

>How is that proof that the team is putting fake buy orders
hmmm first of all let us agree that early investors are fake, its either the team selling or advisum which they got the tokens for free
that address put 2 high buy orders and the bots outbidded him, and you can clearly see that he sold his tokens at 0.000392 and he didn't buy any shit, so it was just a trick

if a team talk, walk and act like a scammer, they are scammer, end of story
a scammer is someone who always use trickery in his businesses and deals

>> No.21877621

No one takes anything you say seriously since you bought high sold low last year.

>> No.21877683

not gonna miss the moonshot, the only way for us to go as high as 1-2$ is if some big whales start buying everything and my script and bots can detect that and buy immediately, so don't worry about me and worry about yourself and rankeesh gang who can't even track a simple address in a public blockchain
remember the bep to erc20 bridge, no one beside me called them for their lie, they never stopped lying, Richtard is a pathological liar


>> No.21877705
File: 573 KB, 1200x976, Lition Wojak pouring wine for Pepe.gif [View same] [iqdb] [saucenao] [google]

>hmmm first of all let us agree that early investors are fake
Where's your proof for that?

>> No.21877716

first time visting your general lads, I have read through some medium posts and am trying to figure out why the market cap of this is so low?
what is the next 3-6 months looking like re: their roadmap?

>> No.21877736

>scam me once shame on you, scam me twice shame on me
never ever, i learned my lesson (the hard way)

>> No.21877789

It was not available to Americans so it passed them by. The coin ownership by country is a lot different with Lition than with most other shitcoins. Large Russian and European holders rather than American or Chinese. I personally think this is bullish but the European focus and lack of on ramps is what I attribute the low price to. I think this changes soon

>> No.21877801


bc no one is working on this project

>> No.21877828

>am trying to figure out why the market cap of this is so low?
Ignore Mike. It's because on the consensus issue which has now been fixed and the solution will launch in Q3. Once that happens the amount of utility that will be gained from the energy business alone will be very significant. We will also be getting more announcements from SAP around this time. We don't know why it is so criminally underrated but we're not complaining. The next 3 months will be amazing.

>> No.21877863
File: 192 KB, 1024x512, EgSA8mgWsAAhH3b.jpg [View same] [iqdb] [saucenao] [google]

Richard is so comfy knowing he is the next Vitalik.

And someone should make a meme out of this. Needs more frogs.

>> No.21877985

Lack of exchange, and people are waiting for the mainnet to release. I dont think whales want to touch a coin that might shit the bed

>> No.21878003
File: 325 KB, 500x495, EefpOvBX0AEV6os (1).png [View same] [iqdb] [saucenao] [google]

I would do it my self but my paint skill is pic related

>> No.21878097


>> No.21878116
File: 349 KB, 1024x512, EefpOvBX0AEV6os.png [View same] [iqdb] [saucenao] [google]


>> No.21878225

them selling at 2c? a company like advisum with 1 billion$ investment worrying about a 1 million max investment going down and they decide to sell at 2c while they bought shition at 7c pre ico price

nah dude you can't be serious and believe that shit, even brainlet like you won't sell at that price and just write it as lost money.
advisum is the one faking everything from ico buyers to washtrading
in return they got a lot of free tokens, that's why they gonna sell at any price, it doesn't matter to them
and if you take into consideration seeing them dumping 4 millions tokens of early investors before mainnet launch, in a speculative asset "buy the rumor sell the news" will always be truth and you don't need to teach that to a big investment company, so they have inside information's that the mainnet will get delayed again cuz they still didn't fix the problem, and everyone saw today the testnet getting stuck for hours just after 2 hours of them adding only one new external node, they decided to shut down the whole website to stop any "FUD" from spreading while they continue dumping what left from their free shit

oh i forgot to screenshot the some old team wallet putting high bids as soon as this early investor sent his tokens today, so the same person or entity is controlling and managing the ecosystem and early investors tokens sells, they also doing the same shit, converting everything to stable coins of some defi shit, do you also gonna tell me all this investors suddenly decided to do the same investment plan like a hive mind? you can't be serious buddy, i will post some old wallet from april-may (team selling) and the new wallets from august (early investors) and you will see them having the same patterns in all the addresses, if you take 1 million address to different individuals and compare them to each other you will never see 2 address buying and selling the same thing with the same pattern without being those address belong to the same person

>> No.21878274

>trying to figure out why the market cap of this is so low?
because the team is selling non stop for over a year now

>> No.21878523
File: 349 KB, 1024x953, Lition Pepe Gun.png [View same] [iqdb] [saucenao] [google]

I've asked for proof twice today with you offering nothing except more claims. This has happened multiple times over the past few months. This will be the third time today that I ask you for proof. You may be able to fool the average /biz/ retard by just spamming them with a bunch of links but none of what you have provided recently is proof of your claims.

Do you have any proof that they sold at 2c? Also what would be wrong if they did sell at 2c? Don't play your silly game where you answer the second question and ignore the first. Next, do you have any proof that Advisium has sold anything? Do you have proof that the ICO buyers are fake? Do you seriously expect any of us to take you seriously if you can't even answer these basic questions? You seem to equate any selling at all with Lition being a scam. Lition have burned significantly more tokens than they have sold. They have also given significantly more ecosystem tokens to stakers than they have sold, but all of this is irrelevant to you. If you can't offer shred of evidence for any of your claims then please just fuck off.

>> No.21878604

Funny thing is for someone who claims lit is a scam he owns lit and said hes ready to buy more if it pumps lmao wtf.

>> No.21879089

He is unironically a shizo.
Imagine fudding LIT literally every second of your life, only to watch it pump instead of buying the dip. All while you could be enjoying the sweet genesis staking rewards.

Mikefromlunaticasylum stop ruining our litgens with your curry smell or I will find out where you are, just to tell your doctors you are browsing a racist board full of scammers so they will finally take your smartphone away you fucking shizo

Not buying now is risking that an insider will pumps the price 100% overnight. Before getting my make it bag I asked an old friend working for SAP Russia and while he couldn't say anything he definetly knows about Lition. They will probably get russian clients too, fuck maybe even Putin will sell his cheap energy to europe via Lition

>> No.21879407
File: 514 KB, 680x588, Apu interview Lition.png [View same] [iqdb] [saucenao] [google]

>I asked an old friend working for SAP Russia and while he couldn't say anything he definetly knows about Lition.
He couldn't say anything because he doesn't know that much or because he wants to comply with his NDA?

>> No.21879882

NDA. He is in contact with some of the russian clients and also is a translator for communication with SAP germany, so he probably knows some shit.

I told him about Lition and the SAP partnership, he said was "Ya snazju ichh" which is russian for "I know them". When I asked if he knows them from his work he basically confirmed it by saying that he can't talk about that.

But he generally doesn't talk about his work so I can't be sure, it was on the phone so I didn't see his reaction.

But he only holds some BTC ETH and LINK that I shilled him, he probably isn't browing biz so he can only know about Lition from his work

>> No.21880099


>> No.21880758
File: 714 KB, 567x751, 27983.png [View same] [iqdb] [saucenao] [google]

>> No.21881237
File: 25 KB, 639x585, Apu dealer Richard.jpg [View same] [iqdb] [saucenao] [google]

Great. I imagine if he's the sort of person to comply with his NDA even to friends, he would be the sort of person to avoid insider trading which would explain why he doesn't hold any LIT.

>> No.21881257
File: 270 KB, 600x600, Chainlink Wojak & Lition Pepe school paper ball.png [View same] [iqdb] [saucenao] [google]


>> No.21881514

This, i unrionicaly think it will go to 80-200

>> No.21881846

>be russian engineer
>earn 20k a year
> dont put all you money in the next moonshot cause morals.

>> No.21881934
File: 230 KB, 991x672, Lition Apu Money.png [View same] [iqdb] [saucenao] [google]

20k USD a year goes far in Russia. I'm pretty sure he's doing it because he doesn't want to get caught and not out of principle. But I don't know the guy so I have no idea.

>> No.21882252

there were some others.
But essentially 200k people will hear that Microsoft is using Lition.
Then they'll research it and see that SAP is involved.
We could easily see 1000's of investors wanting a suicide bag.

>> No.21882254

Maybe he got a bag but isn't telling me.

>> No.21882431


TICK TOCK CUNTS! You had 2 fucking years!

>> No.21882606


Anyone who is actually not bullish seeing him sperg out like that will never gonna make it! I am dead serious! NEVER

>> No.21882893

>No one talking about the SAP emails
Do I really have to spoonfeed you retards? SAP is going to stop the partnership with lition. They will probably announce publicly a few weeks after mainnet.

>> No.21882933

Post em or fuck off.

>> No.21882951

0/8 because of lacking effort.

>> No.21882974

Sry meant for >>21882893

>> No.21882996

What emails? Obviously you are full o shit but if SAP was going to stop working with Lition then they would just stop working with them. Lition aren't big enough nor is their collaboration public enough for them to make that kind of announcement. They also wouldn't wait until after mainnet to announce it because that would be dumb and SAP wouldn't care about that.

>> No.21883016
File: 266 KB, 645x608, Boomer Wild West Lition energy drink.jpg [View same] [iqdb] [saucenao] [google]


>> No.21883195

They will stay as advisors

>> No.21883311

Link or gtfo.
At least post photoshopped email.

>> No.21883314

Sure thing Ranjeed LMFAO. DR;NS

>> No.21883517

That still doesn't refute anything that I've said. You have failed to provide any kind of evidence apart from "the SAP emails". What is going to replace Lition as SAP's blockchain solution. What other project will they be using? Why would they wait to announce a lack of partnership after mainnet 2.0?

>> No.21883600

>microsoft partnership
you mean lition using their cloud service?
>SAP partnership
didn't Richtard said any real partnership with sap would be after mainnet success, they are piloting this project like hundredths of other projects, if it success then sure SAP will put lition in their headlines but for now they need to launch the mainnet, testnet crashed yesterday and today we will se what the team is gonna do to fix the problem

>> No.21883701

>Like hundreds.
CTO has only Lition mentioned on his linkedin, Crapu Braphu.

>> No.21884011

You'd have be a complete retard not to hold this right now. It's so under the radar it's ridiculous, probably because defi is generating all the hype right now and people still think this is just an energy token. I imagine like an instant 10x after the mainnet goes live.

>> No.21884490

bumping this

>> No.21884701

When binance frens

>> No.21884891

Nice improvement on this one
Also we survived the night again, well done boys

>> No.21885057
File: 57 KB, 657x695, 1585434416756.png [View same] [iqdb] [saucenao] [google]

i have bought 14k LIT but now i have 16k

>> No.21885094

Yes threads are healthy, community is growing. Last thread was the second one to reach the bump limit. Normally threads dont die during europe hours so this one stands a good chance too. About 60 individual posters per thread by the time they end. Probably about 100 /biz/raelis with a stack.
Considering that it has such a low mcap and that there are quite a few rich /biz/raelis I dont think there has ever been a point in time that /biz/ owned more of a token than Lition right now. (Outside of niggercoin and braptoken and other memecoins that originated here).
All the team needs to do is to get to the mainnet. This place will take care of the marketing from now on.

>> No.21885109

12 month staking?

>> No.21885358

guys.... I am getting Trump 2016 vibes from Richard. I think we are going to make it.

>> No.21885419

Stop asking this.

>> No.21885469

can you elaborate on what their defi part is? i read about their stuff with volksbank but i don’t quite get what they are doing

>> No.21885509

I didn't mean they're involved in defi. I meant everybody else is focused on defi

>> No.21885569

Volksbakn is a syndicate loan dapp.
As much as i understand it this would mean that if you need a big loan like 20 million for an appartment complex, multiple bank offices can give you a loan. Say 20 offices each giving you 1 million.
Now you need to pay these loans back off course which means 20 txs per month. The lition dapp will streamline this so it seems for the consumer as if they only have 1 loan and 1 payment to make.

>> No.21885586


Agreed. My guess is it is quite a bit more than a 100. You would be suprised by how many people lurk these boards.

>> No.21885699

My litties stay shitty, $10 EONY

>> No.21885706
File: 51 KB, 612x302, Coinbase Chainlink.jpg [View same] [iqdb] [saucenao] [google]

>This place will take care of the marketing from now on.
It's a good thing this isn't true because I could see that being incredibly harmful for Lition's success.

>> No.21885711

It’s defi because staking

>> No.21885808
File: 425 KB, 1126x1600, 1588533876273.jpg [View same] [iqdb] [saucenao] [google]


>> No.21885835

6 month but im gonna start a new one with 10k soon for 12

>> No.21885847
File: 1.45 MB, 3000x3000, 5.png [View same] [iqdb] [saucenao] [google]

i just bought 13 lit. your're welcome

>> No.21885860

Enjoy having 13 million dollars.

>> No.21885867

Fuck off Ranjeed

>> No.21885894
File: 35 KB, 900x900, lotion.jpg [View same] [iqdb] [saucenao] [google]

grab your lotion or stay poor, biz.

>> No.21885909

1) fake
2) good
3) /biz/ > coinbase

>> No.21885978

Tbh I don't even know if 4chan shilling would help or hurt the project. Probably not much effect either way. But I like money more than memes so I don't mind if biz would just chill in the background instead of doing the whole LINK MARINES thing with lition

>> No.21886080


you are understimating the power of memes

>> No.21886134
File: 538 KB, 1000x570, chadlitionvsvirginlink.png [View same] [iqdb] [saucenao] [google]

>Probably not much effect either way
You post here a lot but you really don't get it
This. Litions success will be down to 20% Richard, 80% /biz/ and 0% TG normies.

>> No.21886149

7 people lit pilled from just me, and I'm a cereal lurker

>> No.21886151
File: 80 KB, 1024x768, 1576292718377.jpg [View same] [iqdb] [saucenao] [google]

when binance frens

>> No.21886195

He doesn't know...
>Litions success will be down to 20% Richard, 80% /biz/ and 0% TG normies.
Exactly. Just like Trump's success was 20% Hillary, 90% /pol/ and -10% Trump.

>> No.21886231

Couldn't care less.
All we need is mainnet.

>> No.21886631

that's not so bad, i have a bot that can repost a "General" thread endlessly, and Lition is my top choice. but i got tired of coding right now so taking a few days break before coding in 24/7 Lition General threads.

one problem is im not sure where to webscrape the latest Lition news from. anyone know?

>> No.21886644

then im going to start up my reddit DM spamming bot which can webscrape Reddit usernames from Crypto subreddits and send them a message about Lition. last time I used it i sent out 9500 DMs in a 6 hour period before Reddit banned that IP.

>> No.21886651

official Lition announcement channel or the Lition Blockchain channel (in the pinned message there are tons of links and news you can read through) on Telegram.

>> No.21886657

the ETA on both of these things is probably about a week since im taking a few days break, and also it depends on if i find something better than Lition to shill with the bot. but currently Lition #1 choice

>> No.21886673

okay thanks this potentially saves me hours of work if i can get them scraped properly. thanks. you guys have no idea how many threads on 4chan were posted by my bot, but not on /biz/, mostly on /pol/

>> No.21886702
File: 137 KB, 781x378, Chad_lg_vs_Virgin_LITGEN.png [View same] [iqdb] [saucenao] [google]

Make sure you conform to /biz/ standardisation and generate /lg/s

>> No.21886714 [DELETED] 

so you are saying don't call the generals /LITGEN/ call them /LG/?

>> No.21886718
File: 42 KB, 680x493, 1557958492376.jpg [View same] [iqdb] [saucenao] [google]

wen binance, frens

>> No.21886729

Looking forward to it. You can also scrape their medium posts as well.

>> No.21886733


>> No.21886745

Lower case. The format is:
/lg/ Lition General - xxxxxxxx Edition
But each /lg/ is themed so I prefer the manual option

>> No.21886753

ok. sounds good

>> No.21886775

yea the bot would have trouble with relevant themes. maybe instead of generals i'll do offshoot threads.

>> No.21886793

because the bot can scrape the Archive for real threads that people have posted in the past and repost them so long as they're from the past 24 hours (fresh and still relevent). i have more faith in the reddit bot actually getting results though since reddit has millions of users to reach.

>> No.21886805

lol send us some threads from there. I am curious what you have written and what pol said

>> No.21886813
File: 149 KB, 781x378, virginlgvschadLITGENupdate.png [View same] [iqdb] [saucenao] [google]

OP here. Don't listen to this telegram normie.
Make the title what you like. True Chads dont conform to /biz/ title standardisation.

>> No.21886817

We only make generals when there's real news so yeah better to leave them for us professionals to bake organically. If they're constantly being generated most of them probably won't get many posts and it'll be shit

>> No.21886825

okay. i agree that's not a good thing for me either since i hold Lition

>> No.21886931
File: 3.89 MB, 1120x816, apubuyslit.gif [View same] [iqdb] [saucenao] [google]

Don't spam reddit yet.
It's /biz/ policy to dump on reddit, not have them join before project maturity. Whilst I am not a fan of conforming to title standardisation, I am a fan of this particular policy.

>> No.21887124

Should I go all in (80k$) ?? IM SCARed BROOSSS

>> No.21887180

Obviously. You must buy in before mainnet launches.

>> No.21887202

It's never wise to make emotional investments.
Go as deep as you can without really being scared. Perhaps 20-40k? Then keep a bit in Ether and pick another moon project?
You can still put the rest in after mainnet (which will definitely cause a pump) when you'll be more sure and secure about what you're investing in.

>> No.21887278

We don't want another weak handed MikefromMumbai that buys high and sells low and then feels that the team scammed him and goes on a personal vendetta against it.

>> No.21887401

Fuck normies

>> No.21887627
File: 14 KB, 271x277, 204042106.jpg [View same] [iqdb] [saucenao] [google]

Buy now and when it hits $1.80 you got yourself a million $

>> No.21887694
File: 5 KB, 217x232, minister.jpg [View same] [iqdb] [saucenao] [google]

>mfw I wake up and the general is still up with tons of replies

>> No.21887713

Retard do not warn reddit

>> No.21887895


>> No.21888033

What do you guys think will happen if they aren't able to launch during Q3?
Do some of you (especially curry Mike) secretly want this to happen so you can buy some more cheap LIT?

>> No.21888070


>> No.21888234

nice dubs. Here's to hoping kek blesses us with the sixtuplet get in this thread.
Yes, Mike of course wants this. I don't. My body is ready.

>> No.21888342

As a 100K lit holder that would be perfect as I see Lition reaching at least $4 if they deliver. As such, I'd like to get to 250k LIT before big upward movements.
My only chances are my side hustles netting 2500euros a month, or with my bitmex gambler habit
At best I need another 3/4 months

>> No.21888360

They have a month, I have faith. From what I gathered from TG, things are moving forward.

>> No.21888463


Based scapebox or similar tech anon. I have done similar with email marketing.. Until, ironically GDPR put and end to that

We don't want to spread LIT to normies yet. Ideally we wait till after mainnet and it's on a major exchange for ease of access. I have a marketing background and know for a fact that I could develop a strategy that makes LIT a house hold name in a few sub cultures (namely eco friendly & Anti Capitalist). It would be fun for a few in /lg/ to work together and essentially shill this token to the right demographics

>> No.21888581
File: 107 KB, 1080x423, IMG_20200826_133231.jpg [View same] [iqdb] [saucenao] [google]

>> No.21888644
File: 558 KB, 367x265, 1595657282589.gif [View same] [iqdb] [saucenao] [google]

EIN REICH!!!!!!!!!!

>> No.21888651
File: 101 KB, 500x494, shittylitty.png [View same] [iqdb] [saucenao] [google]

This kills the mikefrompakistan

>> No.21888659


Oh noo sirs Prabhu sirs. Looks like another lie was just unveiled. Tick tock faggot.

>> No.21888761
File: 779 KB, 1710x1014, accumulationpepe.png [View same] [iqdb] [saucenao] [google]

$1 imminent!

>> No.21888965

$2 eoy

>> No.21889091
File: 2.17 MB, 3609x3425, lotionman.jpg [View same] [iqdb] [saucenao] [google]

that's FUD

>> No.21889208
File: 54 KB, 532x551, 1589628361154.jpg [View same] [iqdb] [saucenao] [google]

Okay guys. After searching for half an hour throughout warosu I found our little indian Wolf of Wall Street.
May I present to you (for real this time):
Mikefrommoon aka Prabhu aka Tron! (too bad I didnt screenshotted a bigger picture lol).

>> No.21889252
File: 58 KB, 602x453, 1589442314732.png [View same] [iqdb] [saucenao] [google]

Here some more infos about him (and the confirmation that he indeed is some 30 years old streetshitter).

>> No.21889276

And this is my all time favourite tweet from this retard. Just read through the tweets and realize what kind of retarded faggot is FUDing our make it bags.

>> No.21889295
File: 273 KB, 618x805, 1589442533829.png [View same] [iqdb] [saucenao] [google]

Fuck, forgot to attach the picture.

>> No.21889373

stop giving this faggot attention already

>> No.21889719


>> No.21889757
File: 4 KB, 640x640, 1589481045558.png [View same] [iqdb] [saucenao] [google]


>> No.21889766


I've seen it the last couple of days, people are picking up suicidestacks of around 5-20 ETH. The supply is so low that one purchase is enough to send it up 10%.

>> No.21889881

The spread is high too, I can't imagine the bullrun we will have with one stupid good news or one big exchange listing. Most of the supply is staked, the price would skyrocket hundred of percents in a few minutes

>> No.21889915

20 eth worth is the make it stack no? that's 50k

>> No.21889919

Based post for a virgin

>> No.21890129
File: 9 KB, 480x360, SERGEY.jpg [View same] [iqdb] [saucenao] [google]


>> No.21890163
File: 305 KB, 1120x848, 1598434933881.jpg [View same] [iqdb] [saucenao] [google]

Silence, whale!

>> No.21890179


Idk, do you think 50k x 10 dollars is making it? I don't. But it is enough to not knife urself.

>> No.21890194

50k is a trustnode, which is already pretty good. If LIT does moon to 10$ in a year or 2, thats a decent amount of money

>> No.21890303

Its funny that these whales forget about these juicy staking gains. All of our stacks will be bigger once the shit hits double digit. But I wont sell at 10 20 or 30 Dollars lol.

>> No.21890376

>selling my litties for $10 ea
You should use the proceeds to buy rope. It will come in handy when LIT breaks $50.

>> No.21890513

what the actual shit Richtard why is the website still down? where is testnet? where is mainnet? where are you Richtaaaaaaaaaaaaaaaaard
>lit bro hold my hand and tell me everything gonna be ok

>> No.21890541

Greedy cunt

>> No.21890560


>> No.21890587
File: 73 KB, 480x330, 1598293755933.jpg [View same] [iqdb] [saucenao] [google]

oh no, Mike, where is the enthusiasm?
Don't tell me you were still buying back in from trying to swing? FUD not as effective as you hoped?

>> No.21890617

HAHAHA I remember that one. You can't make that shit up

Do the universe a favour and off yourself Prabhu

>> No.21890686

Currently I'm receiving on average 25 LIT a day via 12 month compound interest. I have 38K as of now. If I was to stake my way to a trust node I wonder what the rewards would be considering genesis phase will have ended and rewards will rely solely on transactions

If LIT did reach $10 I would be very happy to receive the current rate of 25 LIT/day. But something tells me $90,000/Yr would be too good to be true because of so many varibblsuch as number of stakers as well as number of transactions

>> No.21890788



>> No.21890794
File: 35 KB, 540x516, IMG_20180218_095450.jpg [View same] [iqdb] [saucenao] [google]

>tfw now all /litgen/s reach 300 replies
>tfw mainnet is around the corner
>tfw prabhufrompenjab got exposed and now gets btfo everytime by everyone

We're going to make it litbros.

>> No.21890875

the uniswap pool needs more liquidity to increase sales

>> No.21890912

annoying blak cultur reference

>> No.21890937

it’s pegged to $ so you won’t get 25 lit a day but the equivalent of $ you get today...
but as tx’s go up you will receive more

>> No.21890949
File: 81 KB, 657x527, 1595672439336.png [View same] [iqdb] [saucenao] [google]

Stop bullying us mike just STOP

>> No.21891002

Its kinda impossible to predict what the revenue of a node will be. It will probably depend on which sidechain you are on, if its a trustnode, and on how many transactions you get a day.
And frankly, if blockchains do go mainstream and lit becomes one of the big ones, I have no idea what the volume of transaction will look like

>> No.21891020

Pretty sure I read that Genesis Phase is intended to simulate what they expect staking rewards to actually look like once mainnet is live and energy chain is taking off. Will need to re-read that chunk of the white paper.

>> No.21891040
File: 43 KB, 701x396, Screenshot_20200808_143323.jpg [View same] [iqdb] [saucenao] [google]

The only important thing at the moment is the release of a stable mainnet. Fuck pajeets crying for more exchanges/liquidity.

>> No.21891059

also this, I wouldnt mind lit staying low for a while as that means more for me on the long run

>> No.21891112

It will depend on the sidechain for sure, but after a bit of time I am sure rewards will level about between them. Less stakers on the syndicated loan sidechain, for instance, would lead to higher rewards in that chain - node operators will notice this and move around accordingly. I think it will reach an equilibrium. White paper also mentioned the ability for side chains to pay a stipend/bonus of sorts to incentivize nodes to move over.

>> No.21891172

I wish they'd just pay the rewards in DAI or USDC instead. If its already being based on USD then pay us in it so there isnt downward sell pressure from people cashing their gains out. Just upward if people want to reinvest.

>> No.21891181

I wouldn't expect more than 1 LIT per day in your case and if it goes to $10.

>> No.21891309

Na gimme more lit. They want to make it a payment method for the energy business (aka make it into a currency). On one of their articles they said that they were going through all of the legislative hoops to make this a possibility

>> No.21891320
File: 63 KB, 430x405, 1588846408581.jpg [View same] [iqdb] [saucenao] [google]

And then it becomes very much like pic related

>> No.21892005
File: 217 KB, 854x1086, Lition - Forrest Gump - 01_ 1.jpg [View same] [iqdb] [saucenao] [google]

My mama always told me that miracles happen every day. Some people don’t think so, but they do.

>> No.21892052

Haha enjoyed!

>> No.21892074

Meme of the day award goes to you buddy

>> No.21892082

those lit-gens are getting out of hand lengthwise.

bullish af!

>> No.21892224

Bwahaaaa this is indeed fucking gold.

>> No.21892232

Hope we make it together with Forrest kek.

>> No.21892265

GOLD my man.
Thats gold.

>> No.21892363

kek love it

>> No.21892744
File: 153 KB, 602x506, honklerknife.jpg [View same] [iqdb] [saucenao] [google]

Omg based

>> No.21892954

I cheer to you, glorious anon!

>> No.21893128

Gets shoutout from 2.5m youtuber. Mainet around the corner. Still dumping lmao. The absolute state of this shitcoin. I don't get why are the devs so gready. Can't they dump on the top atleast?

>> No.21893244

they're not dumping. only because one stupid shizo anon says so, its not necessarily true.

>> No.21893556

this meme alone just pumped us 5%.
thank you anon

>> No.21893721

Based man knows. $10 is pathetic fud.

Burgers keep it alive now. Thats the main difference. But also eurobros post rapidly now. There's definitely some attention.
I'd like to take a moment to thank Pruhjab from Punjab aka mike for this. Seriously thank you, man.

>> No.21894418
File: 530 KB, 600x606, 3D3AF970-7F8E-414C-96F2-E0276B8AC85B.png [View same] [iqdb] [saucenao] [google]

>> No.21894547

Which one of you guys is buying all the Litties on uniswap?

>> No.21894751

Please dont let this thread die pre 300

>> No.21894770
File: 787 KB, 808x805, 1.png [View same] [iqdb] [saucenao] [google]

Think that's a seething Crapu (mike)

>> No.21894778


>> No.21894844

Where do I store my litties? Metamask? Ledger?

>> No.21894941


>> No.21894966

If youre a degenerate greedy gambler and youre willing to have some faith, you stake them.

>> No.21894981

Guys, how do I see the graph of uniswap lit/eth?

>> No.21894992

Most of you probably realize this but we DO NOT, I repeat, DO NOT want to start shilling this yet, it will get bought up by weak minded, weak handed plebs who will dump it at soon as it hits $1, or at the first dip. Think long term. Have patience. Have vision. We will make it.

>> No.21895050

yea I'm thinking it's time for another buy the dip thread

>> No.21895166

Fuck, should have bought more.
Looks like we're breaking 20 cents soon.

>> No.21895213

I think any sort of shilling before mainnet is a bad idea

>> No.21895405

Why do you say that? If this anon has 38k LIT and LIT = $10, giving them $380k worth of tokens staked ... 1 token per day is $3,650/year. That’s 0.9% rewards paid out every year for your stake. Pretty sure we are hoping for 10-30% depending on staking method+which sidechain+adoption etc. So then at least 10 LITs/day for this anon, one would hope?

>> No.21895539

Okay maybe my estimate was a bit too pessimistic but realistically we should expect a ROI of 5-10%, not 10-30%.
Such huge staking returns just aren't sustainable over the long term.

>> No.21895620

I think thts a bit ambitious, but who knows. Well see what kind of the % well get but actually doesnt only depend on lition. Its unclear what kind of annual return the cryptomaket will offer

>> No.21895626

Should we make a new thread or wait for news?

>> No.21895656

As far as I know the upcoming Ethereum staking is projected to net you about 7% per year.
That said, you should stake your litties while we're still in genesis phase and the staking returns are high.

>> No.21895872
File: 126 KB, 622x1280, IMG_20200616_073329_801.jpg [View same] [iqdb] [saucenao] [google]

Thread limit!!!!!!!!!

>> No.21895913

God he looks so much like Sminem's long lost brother!

>> No.21895982


Original anon here. Say i staked my way up to a Trust Node (50,000 LIT) and LIT rises to a valuation of $10, how would staking become a viable model? Like the previous anon said, i would be making $3,650/yr whilst sitting on a bag of LIT worth $500,000.

Regardless if i decided to hold for LIT to see if it rises in value or not, by this point in time how will staking be a selling point for new investors given the huge price disparities? Surely the value proposition of LIT will evolve into every other coin on the market, a tradable asset, opposed to an investment to make a liveable passive income from.

>> No.21896103

If you dont make any money staking, less people will stake. Thus the rewards will go up.
Endgame, staking crypto will be the equivalent of buying dividend shares. If youre not satisfied with the amount you get a year you switch to another blockchain, and I expect the rewards for the successful ones to be around 5%

>> No.21896280

Look, nobody knows what the staking returns could be in the long term, we're all just speculating at this point. It all depends on adoption and the number of daily transactions.
In my opinion 5% yearly is a reasonable and conservative estimate.
So if LIT really goes to $10 and a trust node becomes worth half a million (which nobody knows if it will), you could expect a $25k yearly return from staking.

>> No.21896394
File: 508 KB, 1564x639, Screenshot_from_2020-08-24_01-26-44.png [View same] [iqdb] [saucenao] [google]

Daily reminder that lition threads are now the pinnacle of /biz/ content

>> No.21896405

Let’s not forget the LPS and trust node rewards multipliers, though - that certainly makes things more complicated.

>> No.21896413


Thanks for taking the time to reply. Free money is free money, i have absolutely no problem with that and staking is probably what got most people into the project in the first place, opposed to the fundamentals. A 5% return would be decent. Would be $25,000/yr using our previous scenario which is good money, especially when sitting on a $500,000 asset. Especially when you factor in the value of LIT can surpass $10 given the endless blockchain adoption it can allow within the EU

>> No.21896739

Look price vs staking rewards is like an equation.
p = x times s
The only thing that will be known is the staking rewards (s). This will be set by the ecosystem. In response, the market will set the price (p), which will be a multiple (x) of the staking rewards. This multiple will be high in a bull market and low in a bear market. It will probably also tend to be high in the starting phase of the project and trend lower as the system reaches maturity.
Right now the multiple is artificially set by the team to be 5 (or lower if you stake with a higher multiplier). This is the same as an ROI of 20%. This is very unlikely to continue under free market conditions. As adoption increases and staking rewards for the whole system increases in dollar terms, the price of the token will simply get bid up far beyond a multiple of 5 as people rush in to take advantage of the high staking rewards. It will reach an equilibrium at some point. We can speculate what equilibrium that will be. If we take price to earning ratios of stocks as an analogy we can see a multiple of well over a hundred for a high growth ecosystem, this would mean the ROI would be lower than 1% per year.

>> No.21896926

Do you guys want another general btw?

>> No.21897009

No, we should stop shilling and accumulate more

>> No.21897103

Saved! thank you man

>> No.21897261

I agree. We should also wait to have something to talk about before baking another one.
The Coldfusion video was a great opportunity for this one, now let's wait what comes next.

>> No.21897269
File: 46 KB, 266x426, 1588715669515.jpg [View same] [iqdb] [saucenao] [google]

Wouldn't say no to a chad /lg/

>> No.21897391

Fair enough, unless there are more votes in favor I wont bake. With an ex aequo I wont bake either.

Kekked at bratwurst fragrance. Sorry this went underrated, anon.

>> No.21897431
File: 117 KB, 1024x768, 1597838079926.jpg [View same] [iqdb] [saucenao] [google]

Still going to accumulate this, but lack the ETH to even swap some bags of SUTER I've been holding for this.

>> No.21897494
File: 155 KB, 450x675, 1598461315829.jpg [View same] [iqdb] [saucenao] [google]

Should be Luisa scented

>> No.21897576


Thank you for the explanation anon

>> No.21897584

make a new thread for this with sharpie in pooper.

>> No.21897628

How do you factor the trust node 2x multiplier into this? Will that weigh down rewards for standard nodes?

>> No.21897648

Did you draw that in inkscape?
Looks fucking great

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