/biz/ - Business & Finance

BIZ CAPITAL NEXO FINANCE REPORT
Nexo capital is the biggest fraud in this space since Bitconnect. The Wirecard of crypto. They already fucked up in March unduly liquidating their consumers, and now they are pulling off a short and distort to cover up their client deposits. Let's go boys, post all the dirt we have on them. We can write this hitpiece together. We're using the same template as the Zeus report.

I have $20
My cousin has $15
My dad gives me $2
My mom gives me $5
My aunt and uncle give me $25

How much money do I have? Correct answers will be deleted

>>20114391
I've been looking into this. My main point of contention with the project is "The independent phase — where Reserve is no longer pegged to the US dollar, with the intent of stabilizing its real purchasing power regardless of fluctuations in the value of the dollar."
>peg a currency to something people find valuable
>oopsie fuck you nevermind
>we're calculating (((real purchasing power))) which we decide
>meaning we're going to use an arbitrary consumer price index so that we can hide currency debasement
>fuck you we're printing more
The premise of being a "stable"coin without pegging to the USD completely begs the question of what you're being "stable" against since no market is stable by definition. How is this different from any other fiat scam?

frens anyone has that one link meme where reddit is peeking and then goes away and then it's like gottem thank u

>>20058174
If you are valuing your money against the US dollar and want its USD value to be preserved, get yourself into ANY crypto through whatever local fiat gateway you can get. Then move that into a Binance account, buy the USDC stablecoin and save it on an Ethereum wallet. MetaMask can create that for you but you should backup the keys it gives you as soon as you make a wallet, save them to a TrueCrypt encrypted file and then copy it to a bunch of places/cloud storage. Make sure you buy a small minute amount of Ethereum too ($50-ish), as it's needed to perform transactions going forward.
Then swap that USDC for mUSDC at DeFi Money Market. This will give you an additional 6.25% annual interest on your USD. MAKE SURE YOU STILL HAVE ETHEREUM LEFT AS YOU WILL NEED IT TO CONVERT BACK WHEN YOU NEED IT.
I hope I could help fren, and do some of your own research to make sure this is a good idea.
>t. also in a shitholistan with a currency that has been tanking to the dollar

>>20010886
Look up Urbit. Read their articles and listen to their interviews. This consolidation was inevitable and happened due to bad protocols. They have been working on fixing this since the early 2000s, when that result was nothing but a prediction. They've finally released a working product this year and are expecting to be consumer-friendly by 2022. We're going back to the golden days boys.

>>20006391
Yes, remember to diversify into varied partitions of BTC, XRP, LTC, TRON, BAT and BSV. When one of them moons, you sell and put into the others, when it goes down you buy again. Stay away from LINK and ETH, they are vaporware frauds that promise to perform a task that is better performed by a centralized entity. Look at ETH 2.0, Vitalik has been delaying that for years and sooner or later he will have to admit it's never happening, as it's simply mathematically impossible to properly scale decentralized systems.
/biz/ will tell you to buy them a lot, but it's meant to trick newfags into losing money. There's a meme here, "do the opposite of what /biz/ says," look it up. Hope I saved you from getting burned as we all do when we first come here.

Is "used car loans" the next "jason parser"?