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/biz/ - Business & Finance

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29801188 No.29801188 [Reply] [Original]

So I've understood this is well and truly dead. I'm not interested in trying to get anyone to buy this, in fact I'm pretty sure nobody should touch it with a ten foot pole.

But what I'd be interested in is knowing exactly what went down over the last month or so. Some of this is visible to everyone; the tomochain forums' Litioin section (https://forum.tomochain.com/c/projects-campaigns/lition-sidechain/34)) have the bombed Q&A and much unhappiness from the community regarding things like a notary issue and no energy usecase news.

Specifically, one thing that is mentioned is trustnodes leaving by the end of February due to neglect and running at a loss. Evidently there has been more unhappiness voiced in the trustnode group. Currently, someone on the forums is saying that the Lition network is down.

I know people shilled this here quite vigorously, possibly some even actually believed in the project though I guess few would now admit it. I was never enough into it to join the telegram or inner circle anything. I was wondering if anyone here has a more in-depth understanding of where the fatal fuckups have occurred with regards to technology failure and community engagement in e.g. node operation.

TL;DR: Is there any additional interesting drama regarding the downfall of Lition in groups not accessible to everyone/could someone more knowledgeable than myself give a rundown of reasons beyond what is superficially apparent, if such exist

>> No.29801330

I will consider it if the left portion of my keyboard breaks and I want to look at Litecoin

>> No.29801589
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29801589

This specific post piqued my interest. Yes, I still occasionally look at the forums. Some kind of morbid curiosity, it's a whole shitload of fuck.

>> No.29801719
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29801719

Can't disclose much as we are working on it. Richard went too far, he will regret it.

>> No.29802055

>>29801719
LARP or not, I certainly wouldn't sleep very well if I'd exit scammed a bunch of unstable misfits with nothing to lose who knew my name and face.

>> No.29802268
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29802268

>>29802055
not a larp and we also have well adjusted, resourceful people with the right contacts. We are not an army of Mikes.

>> No.29802474

>>29801719
I’m really interested in hearing more if you can disclose any small details. I once held 100k of this piece of shit and it opportunity costed me big time

>> No.29802553

>>29802268
>>29801719
So the fuckup was Richard rather than TomoChain? I guess it's pretty evident that Richard couldn't make it work, but TomoChain's apparent incompetence has made me wonder whether someone competent could have picked up the pieces and made something out of Lition rather than immediately running it into the ground.

>> No.29802570

WTF Richard just flew over my house

>> No.29802783

>>29802553
They have to restart from scratch to make it. But anyway, Richard never needed the blockchain. He doesn't want them to fix it.

>> No.29803588

>>29802783
Do give us an update when you can. I'm sure quite a few people here have some interest in this. Probably even some who had no skin in the game.

I'm going to bed, I'm guessing this thread will be archived by morning. Any shitty litties can get their sorrows off their chest in the meantime. I'm not mad about the money so much as the timing just prior to the bullrun, as has been pointed out the opportunity cost was substantial.

>> No.29804256

>>29803588
For sure /biz/ will know about retribution.