/biz/ - Business & Finance

>it’s dumping

>not realizing that you have 2 more years to buy at these prices

>>25320079
Wut animu

>>25320079
Nevin Freeman has no programming skills and a pseudointellectual grasp of crypto, in fact he admits that he didn't even know what it was until a few years ago. At which point of course, he spent a cursory amount of time on the topic before he unilaterally determined that Bitcoin will never blow up (lol). His previous experience, much like half of his team's, consisted of running a number of failed start ups out of the Oakland area. He has in fact been absolutely shocked that Reserve took off and was totally unprepared for it (mainnet launch is still a very, very long ways away).

So why all the high profile backers you might ask? Guys like Peter Thiel and Sam Altman aren't dummies. They know a good pump and dump when they see one. For a limited seed investment of a few hundred thousand dollars each, they were given billions of tokens at a thousandth percentage point of a cent. No one cares if the project fails after mainnet launches, because they will be cashing out for millions and laughing all the way to the bank. Perhaps prematurely you might say - well that is unfortunately a flaw of Thiel's, he buys things early and then sells as soon as he has a profit. Which he does in this case, because of retail idiots pumping his bags.

There is simply no way you are going to get rich with RSR.

First of all, why does RSV need RSR? Why not just peg to the US dollar? Do you think Pedro in Venuzuela gives a fuck about a basket of assets. Fuck no. He just wants to buy a loaf of bread. US dollars are enough to do that, because relative to the bolivar, the USD is stable as fuck. So all Pedro needs is USDT.

The only timeline where this sees mass adoption, is in a total collapse of the USD, and then you tards will be selling your stacks to buy food - if your stacks are actually worth anything, because Theil will have exited with his 1000x long before that.

tl;dr There is no possibility of mass adoption for Reserve, it's a fucking back-of-a-napkin science-fair tier scam, loosely wrapped in a facade of social responsibility.

im a venezuelan and I refuse to use this shitty garbage app

>only mobile
>full of bugs
>the people in the chat treat you worse than big moose deli cashiers.
>you cant even exchange it from RSV to bolivares, yet they want you to mint RSV out of their shitty garbage page for basically nothing

you are delusional if you think RSR can make it while they can barely make a shitty app.

>>25321314
>>25321268
>muh thiel pastas

yeah nah gtfo fudders heard it since launch

>>25321268
>>25321314
Is there any shitcoin out there with comfier fud?

>>25321823
>>25321423
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.

>>25320079
2 years to buy this shitcoin that still sits under $0.02? Somehow I'm not worried.

it's illegal you stupid mutts. You really want to try and test the IRS? Dont be retarded there are much better tokens like LUIGI and PICKLE. Plus when this gets listed in kikebase, you will have to pay a 33% tax just for owning RSR if you're a stupid Amerishart.

>>25321870
Wow. I've been hearing this circulating on the discords, nice to hear it confirmed here.

>>25321268
>>25321314
>>25321870
>>25321914
dr;ns

>>25320079
RSR is a gateway crypto of the worst kind. It's a bad concept, a clusterfuck of a team and a solution that isn't very well done by any aspect, but which attempts to compensate for its weaknesses by adding in excessive uber/paypal comparisons and LE SILICON VALLEY INVESTORS. The normal anon can see this as the shit it is, and may speculate on it, hate it or be indifferent to it, but all the while recognizing that the token itself, regardless of their opinion, is plain bad.

However, these very aspects that try to smear over the shit of its core make it a breeding ground for aspie, unsociable moonboy faggots who engage in every kind of faggotry both online and in the real world. The black and white memes all trying their hardest to look cool, the tuxedos, Lamborghini's, the ironic fat girls, the whole lodge faggotry and everything about the RSR world fuels their escapist fantasies, while the pity-party third world victims, emphasis on solving poverty, and overall preachiness of the champagne socialist team make it fit just right with the "making it" dreams of your average redditor and his sense of unwarranted self-importance towards the world. Exactly the kind of shit that makes redditors and moonboy retards eat this shit right the fuck up.

RSR is basically THE coin to attract the most hated crypto fanbase known to /biz/, which is why, regardless of individual opinions, it is the responsibility of every anon to troll the fuck out of this coin and everyone who likes it, and ensure that no RSR threads ever encourage the newfriends to show their faces here.

>>25321052
Yuru Yuri.