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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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22376691 No.22376691 [Reply] [Original]

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.

>> No.22376714
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22376714

>>22376691
Did not read, never selling. XD
Anyone else really comfy? We're gonna be rich, feelsgoodman

>> No.22376720

>>22376691
>token bad
>but I hold token and am not selling
Can we stop the weak FUD?

>> No.22376729

>>22376691
Wow. I've been hearing this circulating on the discords, nice to hear it confirmed here.

>> No.22376757
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22376757

>>22376729
>>22376691
Stop same fagging retard XD
don't you know we can see your id??

bet you don't even own any RSR ngmi

>> No.22376794

>>22376691
There’s a reason he is managing someone else’s money, not his own.

Anyway, ask him to look over the Quant Network white paper. I’m intrigued as to what his feedback would be kek

>> No.22376799

>>22376691
Wow thanks. Sold another 100k.

>> No.22376808

>>22376691
Thanks for the clear post
Any thoughts on some other coin to invest to instead?
Wanted to buy a bag of thesds

>> No.22376818

>>22376729
lmao bruh

>> No.22376842

>>22376691
>>22376729

Are you the guy who samefagged in the other FUD thread or is there like a team of you people?
Anyway, thanks trying to keep the price low for me, im not done accumulating.

>> No.22376845

>>22376808
PNK sir

>> No.22376858
File: 250 KB, 736x960, 1593896841919.png [View same] [iqdb] [saucenao] [google]
22376858

>>22376842
Keep accumulating brother! Road to $1

>> No.22376872

>>22376842
It's so dumb I'm not even sure it isn't some kind of advanced multi-layered fud

>> No.22377110

>>22376845
no no no LOKIIIIIIIIIII

>> No.22377207

>>22376691
Not this fucking pasta again, baka.
Why does it get me riled up everytime?

>> No.22377210
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22377210

>>22376691
>>22376729

is this fud or some kind of shill wtf mindgames

>> No.22377269

Anyone can see this, it’s just a typical muh coinbase muh vc bag pump like every other

>> No.22377312

>>22377269
Everybody holding rsr will eventually stand there with a bag worth 0

>> No.22377333

>>22377312
lol exactly anon

>> No.22377413

>>22376691
I heard these rumours too, my friend runs with high ups in crypto circles... Glad some others are spreading awareness of this scam. Personally I have chosen to invest my money in Pylon.finance.

>> No.22377525

>>22376691
you forget that covid is a scam deliberately planned to bring about destruction of the existing world order into a blockchain world order

>> No.22377677

>>22376757
newfag

>> No.22377702

>>22377677
what is a "newfag"?

>> No.22377824

you don´t need to work at a wealth management firm in San Francisco to know this is a scam and will go to zero

>> No.22377843

>>22376714
>>22376757
>>22376858
>>22377702
Is this one of those tick tock kids I keep hearing about?

>> No.22377987

>>22376691
>My friend works at a wealth management firm in San Francisco.
>basically going to become the new Bitconnect
i think your friend has no idea what he's talking about. COINBASE INVESTS IN RSR DUDE.

>> No.22378198

>>22376691
You had plenty of time to accumulate at cheap prices. Fuck off.

>> No.22378203

Ok. But why did they make the RSR supply 100B to begin with. Why not 100M and just mint more if needed down the road?

>> No.22378284

>>22378203
Why not just 10M... or just 10, and burn 0.000000001 RSR.
It does not matter where the decimal point goes.

>> No.22378369

>>22376691
This is pasta

>> No.22378411

>>22376729
you fucking retard lmao

>> No.22378435

>>22377413 OP worked out how to change ID

>> No.22378531

>>22376729
Yikes...

>> No.22378662
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22378662

>>22376691
It's just retarded to think that an ERC-20 token is going to become the next world reserve currency, especially with BTC lightning network ramping up, instant bitcoin payments in developing countries is going to kill this shitcoin project. And I'm kinda glad too because I'm so tired of seeing it on here.

>> No.22378666
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22378666

>>22378531
>Yikes, super problematic! Let's unpack this!

>> No.22378685

>>22376729
kek

>> No.22378688

>>22377702
back to r eddit

>> No.22378703

>>22378666
No.... that is not what I was... forget it, never mind.

>> No.22378724

>>22376691

I agree OP I ran the numbers and it just did not look good. Gonna stick with Nano for this next bull run, got a much better feeling about it

>> No.22379568

I'm absolutely confused by this thread
There are like 3 discord trannies/1 with VPN ironically circlejacking each other
it's too surreal, i hope you guys having best time of your life sharing screencaps of confused anons on your tiktoks

>> No.22379596

>>22378724
same

>> No.22379600
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22379600

at times like this i start to think im really getting old
like I don't understand it at all

>> No.22379693
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22379693

I need to 100x and retire the fuck out of this board, shill me 999999^9^9^9^9x gems
shill me any shit that would make me the sole owner of every discreet piece of our Universe in few weeks, paying only 2 cents
DO IT FAGGOTS I WANT TO MAKE IT DAMN IT

>> No.22379747

>>22379693
unironically RSR if you wait a couple years

>> No.22379827

>>22379693
That would make you own niggers and slavery is illegal and bad

>> No.22379888

>>22377312
>>22377333
Good job, Rajeesh

>> No.22379950

>>22379693
Go back in time and buy RSR at 0.0013.
You had ONE YEAR retard.

>> No.22379964

>>22376691
wealth managers dont even have any idea about wealth lol hahahah

>> No.22379965

>>22379568
thats every RSR thread
its an IQ bell curve type of investment where >130iqs like it for the tokenomics and <70iqs like it because muh coinbase muh peter thiel
its a good buy but the community on here is by far the worst of any le potential 100x hidden gem

>> No.22380267

>>22376691
>San Francisco

Stopped reading there.

>> No.22380713
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22380713

I don't even give a fuck if people don't by RSR right now....they will all be panic buying in about 6 months. I watched the same thing happen with Link in 2017.

and when people start making standalone posts just trying to FUD a project, that's when you know you're in the right spot.

>> No.22380758
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22380758

>>22380713
You tell them brother! Getting MAJOR link vibes right now. We are all going to make it!

>> No.22380767

>>22376691
Kys, my dad works for nintendo and he says the next game will have rsv coins

>> No.22380783

>>22380758
What a fucking goober
just bought 100k

>> No.22380935

>>22380783
Good on you frend! Keep up the stacking

>> No.22381053

>>22378203
It's been awhile since I read the whitepaper but I think the supply fluctuates based on the current backed asset pool. It get's burned or minted depending on the value of RSV. Might be wrong will need to go read the whitepaper again.

>> No.22381087

>>22378662
Also, I think the end game is for the token to work on any chain, not exclusive to ERC-20, been awhile since I've been on /biz/

>> No.22381217

>>22380713
>I don't even give a fuck if people don't by RSR right now....they will all be panic buying in about 6 months. I watched the same thing happen with Link in 2017
wanna know how i know youre larping?
if this was real you would have said "watched the same thing happen to link in 2019"
instead you picked 2017, the year everything went up 100x and went down 100x right after
can you fucking retards think one second about what youre saying and try shilling based on the fundamentals instead of larping as an 'early link hodler' who knows about the next 'gem'?

>> No.22381258
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22381258

>>22381217

>> No.22381401

fuck guys, i'm getting wind of some serious troubling news about this project. looks like some of the investors have backed out because they found some catastrophic defect in the arbitrage code. they have been running it through their end for a few weeks now, but no matter how much they try there is no improvement. They are calling it. You will start to see the devs dump billions of RSR on the open market and literally crash this token to 0 before it implodes. Seriously, I care about the anons on this board, that's why I'm revealing this crucial information.

>> No.22381433

>>22381401
extremely fake and extremely gay. go back to playing Minecraft.

>> No.22381442

>>22376729
my sides

>> No.22381585

How much RSR to make it guys. 10k? 100k?

>> No.22381637

>>22381585
more. it'll hit $1 dollar next year...but will go much higher than that.
you do the math.

>> No.22381639
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22381639

>>22376729

>> No.22381648

>>22381585
RSR will be .005c by the end of next year, so you'd need about 100,000,000 to make it.

>> No.22381676

>>22381648
more pathetic fud. does your mommy know you're still on the computer after bedtime?

>> No.22381922

>>22381401
ok, i'll play ball. sauce?