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>> No.22223275 [View]
File: 508 KB, 714x896, 9350E6CB-E35E-4141-B298-BCFDAB3D235E.png [View same] [iqdb] [saucenao] [google]
22223275

Reserve is a scam

>> No.22143485 [View]
File: 508 KB, 714x896, 3699B516-86F0-45E7-A881-AD0C31BC4321.png [View same] [iqdb] [saucenao] [google]
22143485

I’m gonna let you in on something because I’m sick of people falling for these VC token scams. Reserve's total market cap is almost 90% locked up making its true market cap in the billions with barely any room left for growth.

Nevin Freeman the CEO of Reserve just recently unlocked roughly 30% worth of the circulating supply for "exchange listings" although they’re on record saying that no listing with Binance will happen (except on their DEX) over policy issues and the legal advisors say they’re still YEARS (at best) away from a Coinbase listing over regulatory issues.

There will only be a few more washtrade Chinese copy paste "decentralized" exchange listings like we’ve seen. Remember, the Reserve team is VERY adamant about US citizens not buying they’re token over SEC regulations.

This is what "Rangers" don’t want you to know, Link had already passed all the legal loopholes and was even one of Coinbase’s first alts sanctioned for trading in NY.

This is a startup funded by mega rich VCs who seem to be the main focus of the token's promotion yet they have just as much capital invested in upwards of hundreds of other different investment vehicles (including plenty of other crypto tokens and crypto related company stakes).

Unfortunately, this startup was worked out a year before all this COVID19 uncertainty had caused every major economy in the world to start thinking about making their own digital currency. The US has now forecasted that their own digital dollar will be in full use within the next 10 years.

The US has absolutely every incentive to keep countries dependant on US dollars, there will be digital USD phone apps coming to areas of economic distress much faster than Reserve can pull off the lobbying required for "regulatory compliance" with the SEC. Reserve is now competing against big government.

There’s no reason to think anyone would choose to use Reserve over government backed stablecoins in a time of crisis.

>> No.21674828 [View]
File: 508 KB, 714x896, 398149E8-C664-4CD3-9225-559244D2A8F2.png [View same] [iqdb] [saucenao] [google]
21674828

RSR IS A SCAM

Look at how RSR shills never bump certain posts, they want to emulate LINK shills by making custom memes and it's highly likely that it's all shilled by the same group, I'm doing this because I worked my ass off to get my economics degree and I hate a fucking ignorant fuck talking shit with the attitude of someone that know what he's talking about.

If you know basic economics and basic tokenomics you already know that this shit is a scam but if you don't know here some facts:

RSR CEO has no academic background, Linkedin has no University or nothing,
Youtube videos comments are disabled because they know they're talking shit.
Tokenomics unsustainable and totally vapourware.
Forbes article made by muh contributor
Devs hold 70% of the supply
Circulating supply is 4% of the total which means you'll need at least a 25x to only break even long term.
No company address on the website, no professional info whatsoever.


There's literally nobody on the team that has the proper economic knowledge to even properly consider the idea that they've thought of.

They literally have N O T H I N G to show for, no code, no algorithms, just a few blog posts and screenshots of an app any 10 year old could create.

As I have previously stated they will face regulatory issues, the sec won't just allow them to "become the biggest stablecoin business" dealing with sanctionned countries. Even if

Reserve seems to claim they need KYC - i disagree, they need AML. They cant seem to tell the difference.

Getting off the peg, lol what fucking retards, even Tether, the biggest ponzi of all is pegged, they don't talk about public statements about the reserve, they don't talk about nothing, they just go arond with the attitude of being intellectual and that's why I hate them, at least Bitconnect was obvious and funny, ZBUX is a meme, BRAP too, these guys act as academics and that's why I hate them, because they're not even 1/100 of what an academic is

>> No.21633989 [View]
File: 508 KB, 714x896, 3BA42F99-7FFE-4330-9E68-EE3151157C02.png [View same] [iqdb] [saucenao] [google]
21633989

RSR has VERY LITTLE utility in the Reserve ecosystem besides DILUTING THE SUPPLY. The team has created a false narrative that you can make a lot of revenue through RSR/RSV arbitrage, which would create demand for RSR in the long run. But is it true? Lets dive in.

1) An excess pool of RSV has to exist in order for RSR holders to be able to arbitrage with RSR. How is this pool of excess RSV created? The collateral for RSV has to appreciate in usd value ABOVE the collateral target. That means you as a RSR holder CAN’T arbitrage until the vault is optimized to produce revenue/gain value against usd, which is unlikely to happen for YEARS.
2) RSV has to trade above $1 in LARGE volumes for the arbitrage process to be in any way profitable, which is very unlikely to happen – if RSV does trade above $1 peg, it will be in small amount of sell orders. Not to mention that the Reserve foundation will ALWAYS have a first actor advantage, deflating the pool of excess RSV tokens BEFORE any of the regular holders will have a chance to participate

Where does RSR then play a role? When the vault portfolio depreciates in value, the protocol will mint AS MANY RSR NECESSARY in usd value to INSTANTLY SELL on EXCHANGES for the deficient amount of collateral assets to get back to the target collateralization ratio. When new RSR gets minted, the circulating supply of RSR will be inflated, inherently lowering the value of previously existing tokens. Not only because there are now a huge amount of new tokens in the circulation, but also because the newly minted RSR were market sold as per the smart contract associated with the RSR/RSV arbitrage mechanism.

Example: if we have 100m RSV in circulation and the collateral depreciates 5%, the protocol would need to mint and SELL $5 MILLION WORTH OF RSR tokens. When the current RSR mc is only $16 million, vault deprecation would have a DRASTIC NEGATIVE IMPACT on the market price of RSR, making it EXTREMELY RISKY and unattractive to hold.

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