/biz/ - Business & Finance

>>25070621
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.

>>24734484
RSR is truly the thinking man's scam

>>24720182
You are right anon, nothing left in the gas tank for this one.

>>24720662
>0
>.00001 when seed investor wallets unlock

>>24675349
Reserve is a shitcoin project run by a guy who has zero programming knowledge or experience and has never created a successful startup in his life. Nevin never even intended for this project to get off the ground and was hoping to keep things quiet for another year or so until he could siphon off enough cash to live out his life in semi comfort. I can't wait for the barrage of articles that start popping up when it turns out that he's some kind of Elizabeth Holmes-psychopath who finessed so many big name investors in Silicon Valley into funding this garbage that will never even launch a mainnet.

It's been a lot of fun periodically dumping my bags that I acquired at .005 cents on newfags and redditors while shitposting with Schloppy and the boys on the discord. Can't wait to see the suicidal posts in a few months when you all realize the breadcrumbs and RSR dev larps we were inventing were all bullshit.

Reserve is a shitcoin project run by a guy who has zero programming knowledge or experience and has never created a successful startup in his life. Nevin never even intended for this project to get off the ground and was hoping to keep things quiet for another year or so until he could siphon off enough cash to live out his life in semi comfort. I can't wait for the barrage of articles that start popping up when it turns out that he's some kind of Elizabeth Holmes-psychopath who finessed so many big name investors in Silicon Valley into funding this garbage that will never even launch a mainnet.

It's been a lot of fun periodically dumping my bags that I acquired at .005 cents on newfags and redditors while shitposting with Schloppy and the boys on the discord. Can't wait to see the suicidal posts in a few months when you all realize the breadcrumbs and RSR dev larps we were inventing were all bullshit.