/biz/ - Business & Finance

>>18711837
>ITT bagholders from the unofficial telegram faking interest
RSR pumped. It is going to slowly die. Too many competitors, the project would be lucky to ever get a small piece of the pie. This token is already overpriced when diluted. Fin.

>>18711889
Last sentence is only valid point. This project has a shit ton going for it and I'm bullish. This thing will easily be one of the top projects. But the only thing that worries me is the huge supply and possible dump.

Devs have abandoned this project

>>18711837
buy 1M, put to cold storage, come back in a year or two

Another pump and dump shitcoin. Enjoy your x10 before the exit

>>18711837
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

>>18712152
imagine being this mad over a project you are not invested in. or maybe you sold at 22 sats?

>>18711973
this. its been a confirmed scam for over 4 years now.
still cant believe pajeets post about this russian ponzi scam

>>18712152
yeah but peter thiel

fuck this pump and dump scam

satsgang deserves having to baghold this shitcoin after shilling it for months on twitter

LMFAO

Market buying another million after reading this desperation cuck FUD

Creatures of 4chan think they’re smarter investors than Thiel. Sorry basedboy’s we’re not going back to 20 sats ever again.

>>18714128
satsgang pajeet trying to save his underwater bags

entertaining

>>18714128
Youre supposed to fud in these threads

SSAAAAAAAAAAATSSSGAAAAAAAAAAAAANG

Silence cuck.

In since 20-25 sats. Stored comfy in muh ledger.

Rsr will singlehandedly outperform your entire $723 portfolio. Keep waiting for 20 sat level again tho.

>>18711889
you forgot the backing this project has which is why it will come out on top. The other stable coin projects are started by scammers, pedos and basement dwellers.

Loaded up at 33 sats. Going in HOT AND HEAVY if we retest 27 or lower but there should be some spicy announcements in the coming weeks to actually bring us back to 50

>>18712152
>wasted money on a worthless degree
>mad about shitcoin shilling

>>18712152
>There's literally nobody on the team that has the proper economic knowledge to even properly consider the idea that they've thought of.
>has worthless 4 year degree from shit-school

you are the biggest dunning kruger cuck ever.. pic related faggot.. FUCKING SEC COMMISSIONER

>>18712152
>i smarter than pic related..
> no University or nothing
ninja you can't even for a proper sentence but ur definitely more of an academic that pic related..

pathetic anon.. pathetic.
K E K
E
K

>unironically types "no University or nothing"
>thinks smarter than pic related..
ninja you can't even form a proper sentence but you claim to be an academic. your not qualified to wipe the piss off pic related's loafers much less comment on the intelligence of the founders of the projects he advises.. please KYS immediately. you are dragging humanity down with you.

pathetic anon.. pathetic.
K E K
E
K

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.

>>18715424
zzzzzzz

>>18713660
this

>>18714853
Not other anon obv, but the SEC is a regulatory body that deals primarily with preventing investor fraud. They give way more fucks about SOx and GAAP, but you dont even know what those are because you are just dumb enough to not know how dumb you are. They dont give a fuck about economics.

t. Accounting

>>18715530
>They dont give a fuck about economics.
what part of "professor of economics at George Mason University" is too hard for you to understand. You're just a bean counter so I suppose that makes sense.

>>18713660
project only been has been around for almost 2 years anon...

>>18715882
it started in 2017 july you scamming fuckface, so basically 3 years

>>18715917

XHV is the unique solution sir

>>18715917
there is no info i can find of anything in July 2017

may 29 2018 is the first tweet from the official reserve protocol twitter.

the first video they have promoting it on YouTube is Jul 20, 2018
https://youtu.be/2Zfs7CkTETM

also mind checking out it on eth scan and scrolling to the bottom and click last
https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8

you can see the first transaction is may 17 2019

>>18716124
how about check the CEO's linkedin for how long he's been working on it you retard

“Check the CEO’s linkedin”

This is literally bottom of the barrel fud

RSR makes people so butthurt and for that reason alone I'm IN

>>18716161
there is nothing created yet. most of the time since then they were proposing getting angle investors.

by the stuff i posted you can see when they actual where active and working on the protocol and design. cant scam for 3 years if the ecr20 has barely been around a year

its like saying it took me 27 years to post itt

>>18716411
>angle investors

>>18716411
>CEO writes the exact date when the project started
>NO GUYS IT IS TOTALLy dIFFERENT AND TOTLALY NOT TRUE

XMR>BTC
XHV>RSR with better distribution

>>18716643
dont buy the coin then fuck face. there was no activity for most of the time. did they really start on a project if they haven't done anything for a year

>>18712152
Nice appeal to authority followed up by non arguments you low iq faggot

>>18711989
What cold storage? How to get this shitcoin on my ledger?

>>18716301
they do seem to lose their shit for some reason. bullish

Supply is too fucked

>>18716411
they literally have an app in the android store and are testing it in hyperinflationary economies AS WE SPEAK. You can buy RSV DIRECTLY USING PAYPAL. why are you so scared?

>>18716722
Haven is a 3 year old Monero fork scam like all the others. It tried the exotic algo tweak scam.. failed.. then stablecoin/defi... also failing. Nobody wants a stable coin with a hidden supply scammer. go away.

>>18716124
there are other test transactions to many of the contract wallets in the top 25 ranking.
The most interesting is that many of them hold Trove (TRV) in similar proportions to their RSR (and RSVN) holdings.
The Trove test contract was executed on May 12 2018.
It's easy to imagine they were working on this shitcoin for a few months before that, and that they had many of the equity holders lined up and their wallet addresses finalized in the months before hand.

I can't say if July 2017 is the absolute beginning, but it's really not that hard to believe.

>>18717145
feel the burn rate brother

Looks like a scam on the outside then when you open it up and find out it's connected to chainlink you find out it's really a scam

Two types of Reserve fudders:

1. Actual lunatics like the satsgang spammer
2. Butthurt MKR holders, still in full cognitive dissonance mode about MKR's embarrassing failure in the coronacrash

>>18711837
Go back to twitter

>>18717272
this. there's no actual fud here.. just easily disproven copypasta and outright lies.

>>18717365
it is willed

>>18716357
every crypto community says this about their own coin. Like EVERY crypto community ever.

>>18717965
this

look at these pajeets:
>>18715469
>>18717365

literally stealing link memes because they lack imagination themselves, thinking people will buy into their scam

fuck off peter thiel

>>18717993

>>18717993
white american from cali son.. keep trying tho. meanwhile we will keep stacking and you will keep seething

>>18718297
how come every crypto scam nowadays is trying to imitate link's grassroot meme-based growth? obviously it's not going to work if it's stolen content so why even bother?

>>18718399
I'm not sure what you mean. nobody in the Reserve community takes Link seriously. We have real investors, a released app, working smart contracts. As far as the memes go, if you think Link made that shit up then just a newfag.

>>18718399
I'm not sure what you mean. nobody in the Reserve community takes Link seriously. We have real investors, a released app, working smart contracts. As far as the memes go, if you think Link made that shit up then you're just a newfag.

HAHAHAHAHAHAH “meme based growth”

Really says a ton about link

Reserve will be an adoption based growth. Not consisting of creeeps who really don’t know what it does.

Stay mad. The stress RSR causes basedboys is so fucking bullish.

>>18718553
>>18718596
Why fud Link against Reserve when Reserve talks about incorporating Chainlink oracles, and even cites Chainlink in the white paper? You're just driving wedges between shit for no reason at that point.

>>18718662
The team says they are investigating whether link is a good option. I mean it's just a shitty price oracle. Anyone can build that in a few hours. They have made no commitment to using Link and will most likely use Coinbase oracles or something else more substantial than Chainlink.. if it even launches..

>>18718784
they'll use coinbase oracles just bc coinbase is a big investor in reserve.

>>18718802
I would guess so.

>>18718784
>RSR partners with chainlink and writes an article about why Chainlink is the industry standard
>Say they'll has coinbase
Kys you absolute subhuman neanderthal. It's unfortunate you're priced out of link and have to cope like this with an inferior investment with nowhere near the moon potential and adoption potential as LINK.

>>18718977
This place really did a number on you didn't they. Link has NO technology other than an API client and a copy/paste ERC20 token. Any junior JS dev could write that in 20 minutes.. and Coinbase just did.