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

/biz/ - Business & Finance

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17836843 No.17836843 [Reply] [Original]

OK Reserve lets see..... no fiat onramp until next year AT BEST, no RSV backed by muh 100 assets, no new exchange. What has Nevin and his useless team been doing for almost 3 years? what do they have to show for it? a shitty app and a stable coin backed by stable coins..? i could literally code that in a few weeks. Its not a scam in the traditional sense (investors are legit etc) but youll loose your money just as easily with this pseudo intellectual team. If anyone says - b-but theyre in stealth mode (this is code for- we literally have no idea where the project is heading so we gonna say we're in 'stealth mode') if you want to take a gamble wait until it goes down another 50% AT LEAST. It's been way way over valued for what it is and has been since inception - vaporware.

>> No.17836895

>>17836843
This project was promising but all these speculative blockchain startups are going to get crushed like bugs in the upcoming recession. Sold my stack for BTC last week, wish them the best though.

>> No.17837260

>>17836843
>no fiat onramp until next year AT BEST, no RSV backed by muh 100 assets, no new exchange.
source? will sell 1MM if true

>> No.17837309

>>17836843
same could be said for pretty much any project
>inb4 oracle problem

>> No.17837361

just scroll through their tg - came from Nevyboy yesterday

>> No.17837672

Also, the close to 38 billion, let me say that again, 38 BILLION tokens that will be slow released at mainnet were supposed to be used for arbitrage and not dumped, now let me ask you, how are 38 BILLION TOKENS going to be arbitraged on a tiny RSV mc? right now it stands at 10k TEN THOUSAND with a cap of 3m. Let me decode this for you - slow release wallet = slow bleed until you capitulate. MC of RSV needs to be at least 50-100m for it to work in the slightest. Best of luck bros!

>> No.17838055

>>17837361
screenshots pls