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

/biz/ - Business & Finance

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20424721 No.20424721 [Reply] [Original]

Bring the fud in I have an answer for everything

>> No.20424748

>>20424721
dumb greta poster

>> No.20424835

do you need to dump again, richard?

>> No.20424896

Why no fix to blockchain in 1 year?

LOL

>> No.20424958

>>20424896
>Why no fix to blockchain in 1 year?
A lot of work has been done, the lead developer is testing different consensus mechanisms, their stability and scalability. The idea is to make sure to have something really solid once we release the mainnet. More official updates soon.

Next.

>> No.20424979

>>20424835
>do you need to dump again, richard?
Lition Energie is extremely profitable, no need for your rupees

>> No.20425151

>>20424958
A lot of work has been done? Sounds like theyre still twiddling their thumbs hoping someone else fixes it.... Were going back to 2cent when they announce that its still fucked

>> No.20425187

Can I make it with 5k?

>> No.20425217

>>20425151
>A lot of work has been done?
Well, we have to trust them on this. If they are absolute scammers then it's not true. But can you really believe Richard & co. are exit scammers? They aren't.

>> No.20425243

>>20425187
>Can I make it with 5k?
Define "make it", it can be extremely different for different people. Honestly 5k is like one dinner out these days, so why not buying more?

>> No.20425797

>>20425243
My money’s all going to chainlink right now

>> No.20425858

>>20425797
you are supposed to buy a coin low, then ride to the top, not buy a coin at the top and ride it into a correction

good luck

>> No.20425980

>>20424721
literally unpumpable. Love the project, didn't expect to be holding bags for years

>> No.20426042

>>20425980
This pretty much, I bought at the top last summer and it's been a disappointing hold to say the least
For LIT to succeed, the whole /biz/ would need to unite and steadily purchase each week while constantly making fresh memes

>> No.20426174

>>20425858
I bought most of my link at $4

>> No.20426338

Really great project, just needs to execute on the tech side and the money will come. Will probs get some more while its cheap

>> No.20426457
File: 560 KB, 811x843, ln.png [View same] [iqdb] [saucenao] [google]
20426457

>>20426338
>Will probs get some more while its cheap
this
>>20426174
>>20425797
>My money’s all going to chainlink right now
Man I like chainlink but you had years to buy sub $0.4, consider putting some on LIT or some other smaller market cap project

>> No.20426545

>>20426457
Is the token needed or just a utility token and speculative asset which is bs.

>> No.20426715

>>20426545
The token is used to drive all sidechains. Take as an example the energy use case, which is serving energy to customers in over 1000 German cities. Network traffic is metered in LIT tokens in fees/gas, and these flow to stakers and validators. The team is also working through the regulatory process to allow LIT to be accepted as a payment method for thier energy customers.

>> No.20426816

>>20426715
so its not even clear that their main use case is within the law yet?

>> No.20426839

>>20426816

The main thing is GDPR compliance which is the rocket, the energy is just a use case

>> No.20426868

>>20426816
Using LIT as a payment method is definitely not their main use case, the most important things are the deletable features for GDPR compliance

>> No.20426912

>>20426715
Appreciate. What is the total addresable market? How much can lit capture realistically? Main competitirs? And lastly your price target eoy 2021?

>> No.20427085

>>20425217
I dont think theyre scammers no but the mainnet isnt getting fixed anytime soon that's for sure

>> No.20427288

>>20426912
>What is the total addresable market?
Honestly the sky is the limit here. There is no reason to bound their technology to a specific market, it will all depend on their medium to long term strategies, connections, opportunities.
It's hard to make predictions
>Main competitirs?
Good question, I don't know about direct competitors (again, let's not focus solely on the energy use case, I am thinking long term - 5+ years from now)
>And lastly your price target eoy 2021?
Not a fan of price predictions, but I am very confident it will be higher than now. My accumulation target is ~300k LIT and I am keeping it as 5% of my crypto portfolio.

>> No.20427325

>>20427085
>the mainnet isnt getting fixed anytime soon
How soon? Do you believe it's possible by the end of this year?

>> No.20427585

>>20427325
Possible yes but i personally think it will be well into 2021
As long as its solid i dont care when it is

>> No.20427688

>>20427585
I agree on everything you said. I'll quit this thread now, need to sleep. Litgen people unite.

>> No.20427920

Is 100k enough to make it?

t.bagholder of 100k JNT bought at 0.33 2 years ago that needs to make it

>> No.20427930
File: 43 KB, 499x499, soon...jpg [View same] [iqdb] [saucenao] [google]
20427930

I believe