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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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File: 54 KB, 615x822, Proof of stake.jpg [View same] [iqdb] [saucenao] [google]
19765945 No.19765945 [Reply] [Original]

I have down syndrome. It seems too easy.
>buy 5000
>stake 5000
>get 3 free tokens a day
>At some point tokens end up being worth $40 each
>Earning $100 a day for free
Yeah I can't see how this works

>> No.19766327

$0.004 each
i fixed your typo for you

>> No.19766586

>>19766327
Oh so you're bearish and think it will crash to shit. Ok thanks. Good explanation.
>Disregarded

>> No.19766599

>>19766586
what purpose does "staking" serve? do you validate or generate blocks?

>> No.19766658

>>19766599
Hey I don't know enough about the theory behind proof of stake, and why it benefits a token? I am a busy guy who can't read anything and everything about crypto so I'm asking here for a decent explanation. I literally don't see how buying and staking and earning a future $100 a day when this project "Moons", is that easy?
>If it is too good to be true, it usually is

>> No.19766704

>>19766658
you obviously know shit about LIT. their mainnet is broken, staking is a joke because it does nothing for lit.

>> No.19766724

>>19766704
>Dont know shit
Guess thats why I'm here. Can you explain the purpose of proof of stake as a functional concept, and relate it to why it serves no function for LIT?

>> No.19766733

>>19766658

I'll help, staking is a useful indicator that you're buying into a shitcoin scam

>> No.19766757

>>19766733
Explain why KSM is a scam?

>> No.19766811

/Biz/ really is brainlet material like they told me.
>shitcoin
>youre dumb
>this will moon because I said so
>thats shit because I said so
Good transfer of knowledge everyone.

>> No.19766825

>>19766757

Doesn't do anything, staking is 2018/19's scam gimmick

>buy a million MagicBeanCoin (using ETH) and STAKE them bro
>I'll give you a BILLION MBC for every million you stake
>I totally won't fuck off with the ETH, crashing the "value" of the token to zero

>> No.19766881

>>19766704
>mainnet broken
EVERY FUCKING PROJECT HAS PROBLEMS WITH THEIR MAINNET.
Seriously dude how old are you? Youre wasting my time.

>> No.19766904

>>19766881

lmao this is the worst shilling I've ever seen

please consider suicide

>> No.19766914

>>19766904
Can anyone else reply to me other than the 16 year old brainlet who repeats buzzwords like
>shilling
>gimmick
>shitcoin
>scam
And answer my legitimate questions?

>> No.19766936

>>19766914
who says they are legitimate? your central database?

>> No.19766955

>>19766936
Im sitting here asking questions you dumb fuck. HOly shit this board is terrible.
>calls me shill
>can't answer simple questions
Did you fucking fail eight grade?

>> No.19766975

>>19765945
this shitcoin again? here we go again:

OBLIGATORY POST
DAILY REMINDER: THE TEAM DUMPED MILLIONS OF ECOSYSTEM TOKENS AT LESS THAN ICO PRICE FROM THIS ADDRESS IN IDEX
>0x014f808b7d4b6f58be5fef88002d5028cd0ed14b

>https://imgur.com/a/rWVGexU


>>/biz/thread/S18896868#p18897550


>back then none of us knew the team was dumping

yes we know why you little monkey
>pajeet shills:yeah mainnet2.0 + binance listing + new partnerships announcements coming soon
>the team knows that there is no good announcement in the near future so they decided to dump most of the ecosystem tokens and hold ether instead of their shitcoin which show how much confidence they have in their own project success
>the team started selling at 5cents just below the 2millions sell wall (half the ico price lmao)
>they didn't need the money to pay for expenses because they are still holding into that 1500ether which shows they are expecting it to raise in value more than their own shitcoin

>inb4 sirgay did the same thing
no he didn't do the same thing:
-sirgay started dumping between 2$ and 4.5$ which was x13 increase in price in one month and also chainlink ico price was 0.11$, and also he sold his own tokens and not the ecosystem tokens
-sirgay dumped maybe 0.5-1% of the max supply tokens

-Richtard started selling at 0.05$ (half the ico price) in the way to 0.1$ and caused the price to crash
-Richtard sold the ecosystem tokens after he burned their own tokens and said they don't need more money to run and to pay the expenses
-Richtard dumped 5% of the max supply tokens in April alone and another 5% is waiting as they said they won't sell anymore in the mid term, mid term means 1week in the scammer dictionary

>oh how can a team with a legit company and good connections and relations with the german government and endorsed by sap turn to be a SCAM
>remember modum?
>they have so much in common
go read replies
>>https://twitter.com/modum_io/status/1230445888780341255

>> No.19766999

>>19766975
Thanks , I will read all of these links
>Good connections and government involvement
I agree, this can mean shit, it is but one factor of many in assessing a project to give your money to.

>> No.19767019

>>19766975
>https://imgur.com/a/rWVGexU
There is no proof this is the team dumping to idex? I thought this was the token bridge

>> No.19767090
File: 36 KB, 418x536, lit scam.png [View same] [iqdb] [saucenao] [google]
19767090

Yeah seems like a scam to me, you have 4 days

https://lition.de/solar

>> No.19767107

>>19767019
you only know what your german masters want you to know

>> No.19767122

>>19767019
>There is no proof this is the team dumping to idex
>the team themselves confessed to dumping millions of shittion by hiding it through the bridge address
>they only confessed after they sold most of the tokens and me spamming every lit thread with tangible proof of them selling the top
kek oh boy don't tell me you don't know what it gonna happen at the end of June? also don't tell me you're investing money you can't afford to lose? uh anon i ......

>> No.19767179

>>19766999
you can also search this posts numbers in warosu.org/biz for more proofs:


>>18897611
>>18900922
>>18901472
>>18901612
>>18919921
>>18920783
>>18924650
>>18926842
>>18927888
>>18929368
>>18936794
>>18937734
>>18945086
>>18945977
>>18946317
>>18947001
>>18947046
>>18947251
>>18963583
>>18965377
>>18966392
>>18971261
>>18971475
>>18971560
>>18972298
>>18972598
>>18974860
>>18976847
>>18976885
>>18981268
>>18990463
>>18990893
>>18990959
>>18991204
>>19008874
>>19008883
>>19009588
>>19009843
>>19010289
>>19010410
>>19014296
>>19016131
>>19042771
>>19043366
>>19043649
>>19044042
>>19044212
>>19047540
>>19048687

>> No.19767223

>>19767179
Thanks

>> No.19767547

>>19766975
This still doesn’t really prove anything. It’s just anons trying to claim “oh because of xyz it must be scam”. Literally no evidence other than a wallet showing tokens being sold which the team admitted to requiring to sell, basically as soon as it was raised.

>> No.19767608

Top 10 wallet checking in, and i’m buying more soon! Not here to chill, just to Bragg about my holdings.

feeling comfy staking!

>> No.19767868

Weve already made it just waiting now... the more people that stake the less rewards we get thats the reason why the hype died down here everyone scurried back under their rocks the cat is back in the bag youll have to go dyor i dont have the will to help anyone take away my rewards for now and its the same for most holders.... having said that i would like and am happy that some of biz are in

The biz iq test

>> No.19767888

>>19767868

Most people with a brain bought and staked, so not much trading or discussion apart from team progress. Doesnt help every thread gets ruined by mike from mumbai

>> No.19768446
File: 99 KB, 1600x900, 1592085958080.png [View same] [iqdb] [saucenao] [google]
19768446

>>19767179
kek all of them are not accessable. Poopjeet on suicide watch

>> No.19768938

>>19765945
Anon, what?
>mines bitcoin in 2008
>uses negligible amount of electricity
>earns 1,000 BTC
>eventually BTC worth $20k each
>is it really that easy?
Yes, the hope is the value will go up.

>> No.19768963

>>19765945
Do you really have down syndrome and are able to post in here, and even use sarcasm? I don't buy it.

>> No.19768990

>>19765945
>Explain LIT Proof of Stake tokenomics

Every energy customer generates ~100 transactions daily.
100 transactions = ~$1 tx fees in total.
1 million customers = $1 million tx fees daily earned by the stakers.

>> No.19769158

>>19768990
Sssssh