/biz/ - Business & Finance

Barely holding 4c why wouldn't whales pump this shit to $1 then sell if it's that easy to rig the market? Fucking do it already we aren't getting any younger.

OOOOOOOOOOOOOOOOOOOOOOOOOOO

>>24835666

My friend works at a wealth management firm in San Francisco. I asked him to look over the white paper so I would know if they were being honest about the tokenomics. He told me that this is the most idiotic idea he's ever seen for a stablecoin, that the team clearly has no idea how they will back the currency with real world assets and that this is basically going to become the new Bitconnect once the bubble gets large enough. The biggest cause for concern according to him was their intention to use not only foreign fiat but also alternative assets for stabilization. In particular their use of vehicles like paper gold and securities is going to be very dangerous going forward. Paper commodities have been shown to be fundamentally flawed in the post-COVID world because they are even less reliable than unbacked currency and supported only by manipulative exchanges like COMEX. Securities are worth less than the paper they are printed on as well, just look at how investors have been running from all of the bonds issued by the Treasury this year. Guys like Peter Thiel and Sam Altman might have thought this was a good idea before 2020 hit us, but now it is a total disaster. I will probably ride this wave up a few more pennies because I bought in 2019 but if you are thinking about getting into this coin, just stay away. There will be nothing but losses in your future.

I'm going to kill myself

please moon to $1 ty

If you understand that Reserve is going to dominate the stable coin market because of their unique perspective, then you know this is a comfy 10+ year hold.

regular stablecoins are pegged to the dollar. RSV will eventually not be pegged to the dollar and just digital stable assets.

if ykyk