/biz/ - Business & Finance

[Anonymous No.21652917]

Just a tip RSR is dead when mainnet drops, if you're holding make sure to sell before the whales get out and thank me later.

[Anonymous No.21652962]

>>21652917
Ok, we will thank you in 2 years when we own most small islands in the Pacific ocean.

[Anonymous No.21653013]

>>21652962

The app only has 5000 downloads

[Anonymous No.21653108]

>>21652962

Can you buy an island with 5000 downloads and some negative user reviews.

What happens to the price when 25 billion tokens drop at mainnet?

[Anonymous No.21653160]

>>21653013
Who cares about the beta app in beta countries.. we are adding 1k wallets a day. I can tell you missed the entry. It's not getting better anon, in fact we have been priming for a big pump so get in now so I don't have to hear you whine anymore.

[Anonymous No.21653193]

>>21653108
>he thinks he's being clever
cute anon. I love newfags

[Anonymous No.21653214]

>>21653013
Imagine thinking that’s a trivial amount.

[Anonymous No.21653254]

>>21652917
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.

[Anonymous No.21653476]

>>21653160
The project only works if there's mass adoption. Seether harder.

>>21653193
Hurr durr newfag. Can't refute?

>>21653214
5000 is nothing.

[Anonymous No.21653482]

>>21653254
I didn't read your blog post but is your friend in pic related? All of these high net worth individuals are invested in Reserve.. maybe your "friend" is trying to fuD you out cuz he thinks you're a retarded faggot?

[Anonymous No.21653533]

>>21653476
>Can't refute
no shit.. now go back. you plebbitors always show up late as fuck and try to fud shit. it's way out of time.. we have been on this for a year.. you are basically glowing.

[Anonymous No.21653579]

>>21652917
If you sell before we hit 1$ and arbitraging then you are unequivocally the dumbest, poorest, low grade, piss drinking faggot to ever walk the Earth and absolutely deserve to stay poor. Suck my rich balls you retard.

[Anonymous No.21653632]

>>21653482

You think they've never made bad investments before? It's a project with a mission that's worth taking the risk on, but when it fails you think 2.1 billion dollar Pete is going to give a fuck?

[Anonymous No.21653654]

>>21653632
ok anon.. go with that one

[Anonymous No.21653695]

>>21653533

Just trying to save some frens money.

It's always the same posts with the same lines and same memes. It clearly being manipulated by whales.

[Anonymous No.21653793]

>>21653579

What happens to the price when mainnet drops 25 billion on the circulating supply?

What would happen to link if serg dropped all his link on the market?

[Anonymous No.21653848]

>>21653579
>Pepe
That's not Pepe. Pepe is this guy who has a normie physique and is a crying normie faggot. The little fella is called "Pee Pee Poo Poo" because he's always shitting and pissing himself. The big frog in the suit and cigar is called "The Based One" because he's the CEO of the Based Department.

[Anonymous No.21654018]

>>21653579

The truth of RSR right here whales mad as fuck they can't dump on normies when the truth comes out.

Come at me boy.

[Anonymous No.21654078]

>>21654018
We will still dump on you.. I mean look.. you are seething that you didn't get in earlier. Nobody fuds coins they don't care about anon.. you aren't clever.

[Anonymous No.21654150]

>>21653579
>>21653482
>>21652962
>>21653160

[Anonymous No.21654151]

>>21653848
Thanks for the info, I'll make the necessary changes.

[Anonymous No.21654212]

>>21654078
Your baby stack probably wouldn't even create a ripple, I'm taking about the real whales not you kid.

[Anonymous No.21654240]

>>21653108
App update is Friday btw

[Anonymous No.21654351]

>>21653579

100,000,000,000 coin supply held mostly by the dev team? This shit is never getting to $1 lmfao.

[Anonymous No.21654366]

>>21653482
>I didn't read your blog post
Here you go anons, the typical RSR "investor" who doesn't even read a detailed criticism of the project he's bagholding.
I'll direct all of your attention to the fact that all of the seed investors put their money into this before coronachan wrecked the global economy, thereby making the intended plan for RSR's tokenomics totally nonfunctional. I would not be surprised to find out that some of the initial backers decided to cut their losses this year and take the L on this one.

[Anonymous No.21654388]

>>21654351
it's a stable coin l. You didn't read the white paper and don't know their 3 phases, so...you know...eat shit and die.

[Anonymous No.21654407]

>>21654240

Good maybe you can get to 5500, my favorite comment on the app is lambos when, which means that the people on the app are investors, meaning that even less then 5000 are genuinely using it.

[Anonymous No.21654429]

>>21654388

RSV is the stable coin. RSV is going to be $1.

Not RSR you fucking retard.

[Anonymous No.21654447]

>>21654351
Argument seems legit. There's no way Bitcoin would ever get to 100 billion marketcap when it was .25¢.... oh wait

[Anonymous No.21654458]

>>21654388

Some of the RSR team don't even believe it can work and you're here screaming it's a 100% thing, sure you know better then the guys making it tho.

[Anonymous No.21654498]

>>21654366
not reading some schizo post on biz is not equal to "not doing research" anon. I don't listen to fudder scrubs like you because I can tell you are poor as fuck.

[Anonymous No.21654507]

>>21654447

Bitcoin has a 200 billion marketcap. RSR would literally need twice the market cap of ETH to be $1 you smooth brain.

[Anonymous No.21654529]

>>21654458
>11 posts
look.. you're obsessed or you wouldn't be here. just buy and shut the fuck up already.

[Anonymous No.21654564]

>>21654507
Thanks for clearing that up Einstein. Denying a currency can get to those levels is the same shit dumb fucks like you said about Bitcoin and Eth. It can happen faggot and it can happen to any of these shitcoins.

[Anonymous No.21654590]

>>21654529

I'm not buying your bags you fucking kike

[Anonymous No.21654609]

>>21654529

Just saving newfags a few dollars, I got all day.

Btw it's dumping

[Anonymous No.21654621]

>>21654564

You think RSR is going to be the #2 Crypto? Lmfao.

[Anonymous No.21654650]

>>21654621
Stay poor bruh.

[Anonymous No.21654660]

>>21654429
>durr i didn't read the white paper
Imagine thinking the dollar means shit to rsr/rsv.

[Anonymous No.21654691]

No one with half a brain is buying your shit coin.

[Anonymous No.21654699]

>>21654660

I read the white paper.

>RSV is a stable cryptocurrency that can be held and spent the way we use US dollars and other stable fiat money. It is a decentralized, asset-backed stablecoin. Reserve believes it can beat fiat money in global stability. The protocol is designed to hold collateral tokens worth 100% of the value of all RSV tokens.
>ASSETS: Government debt, like US treasury bills, can function as an asset that is similar in value to fiat money, with less inflation, due to the small yield. Commodities, like gold and diamonds, are more volatile in the short term, but can be more stable in the long term, and so could make up a part of the backing. If structured and diversified properly, it may make sense to include some equities.
Why on earth would they be using US Treasury bills to back this currency when their yields are at an all time low? They are backing digital fiat with even more worthless paper fiat.

Not even fudding right now can someone explain to me how this makes any sense? Talk about building a house of cards on top of another house of cards. The entire foundation of this coin is flawed if they are backing it with an asset that is yielding the worst it had in decades. People are dumping this shit left and right for gold and bitcoin.

What exactly makes RSR a better call than stacking bullion or BTC?

[Anonymous No.21654703]

>>21654458
Almost everyone thought amazon was a shit idea too :)

[Anonymous No.21654790]

>>21652917
100 billion tokens? Yeah, no thanks. I'm buy\ing more Safex and there's nothing you can do about it.

[Anonymous No.21654829]

>>21654790
Anything but this vaporware project with no mainnet and the most piss poor tokenomics plan I've ever seen in crypto.

[Anonymous No.21654835]

>>21654790
Safex scam got hacked 1 billion token

[Anonymous No.21654840]

>>21654703

True and if you listen to him talk about his investments you'd know he had mostly failures.

I ask a simple question what happens to your money when 25 billion more RSR drops at mainnet?

[Anonymous No.21654845]

>>21653476
5k users on an app they aren’t even actively advertising yet because it isn’t done.

[Anonymous No.21654860]

>>21653013
Lol it was 2000 a short while ago. Exponential growth.

[Anonymous No.21654934]

>>21654860
Going from 1 to 5 users would also be exponential growth and it would still fail to represent meaningful progress.

[Anonymous No.21655004]

Lol at the subhuman poorfags who got priced out. I feel bad for you but at the same time I don't, please kill yourself and leave this space of aristocracy.

t. 215k

[Anonymous No.21655079]

Honestly so many fucking subhuman fudders who crawl here ASAP, its getting really fucking annoying. Subhuman shitskins.

[Anonymous No.21655097]

>>21655004

How's 0.0001 sound?

[Anonymous No.21655121]

>>21655097
You. Had. A. Whole. Fucking. Year.

[Anonymous No.21655188]

>>21655121

Oh no no no it's dipping looks like my fud is working maybe I should short this piece of shit coin to zero?

[Anonymous No.21655208]

>>21655188
Do it.

[Anonymous No.21655232]

>>21655188
You have 15 minutes.

[Anonymous No.21655361]

>>21655208
>>21655232

Still dropping, easy money at this point shits going to zero

[Anonymous No.21655517]

>>21654699

Nice FUD copy pasta.

>"We believe that the most responsible path to this decentralized digital currency is to launch as a centralized fiatcoin, gather the necessary usage data, and use that data to evolve to a fully decentralized model."

Sounds like a good plan to me, and aligned with the silicon valley mindset, which for all its faults, sort of works sometimes. Besides, they don't say they'll use T-Bills. It's mentioned as a possible fiat asset class to back. It could just as well be gold, and probably will be, the way things are going. That's the smart thing to do, given gold's hedge against hyperinflation.

[Anonymous No.21655721]

>>21655517
???

[Anonymous No.21655963]

>>21653013
Where is this info found?

[Anonymous No.21656157]

>>21655721
Your FUD in this thread seems to be founded on some major assumptions about user adoption, platform viability, and technical indicator non-sequiturs, which suggests that you either don't know anything about iterative product development, that you are being intentionally bearish on a rather promising technology for some reason or another, or you're just bored and trolling. It's probably some combination of the three.

If you're asking for clarification about what makes RSR a better call than stacking bullion: it's not. It's a different bet in a different space to service different markets. Bullion is a store of value, RSR is a means of effecting transactions. Look up Gresham's Law.
If you're asking for clarification about what makes RSR a better call than stacking BTC: while BTC has first mover advantage and as a store of value seems to suffer significant liquidity issues, not to mention political risk and control by a very few miners who continually stagnate the platform. As a speculative store of value, it will remain useful, but in the DeFi system of the next decade there will be many different ways to effect transactions. BTC is useful as part of a larger crypto portfolio, but I would hardly suggest it be the main component of anyone's crypto portfolio, that's just silly.

[Anonymous No.21656211]

>>21652917
Yeah I'm thinking I should buy. This board only shits on money makers.

[Anonymous No.21656235]

>>21656211
>he's starting to understand
Ya I guess this would be a lot of effort if... noone cared...

[Anonymous No.21656322]

>>21656157
sounds good to me. im in

[Anonymous No.21656463]

>>21656322
There are several other exciting potential winners out there that will be playing in the "real world transaction" business. DYOR this isn't a sure thing.

[Anonymous No.21657006]

>>21655963
Check the website, in the blog and medium

[Anonymous No.21657032]

>>21656463
convincing fud anon... care to name them? Do any of them have PayPal founders or Bilderberg members as investors?

[Anonymous No.21657345]

>>21657032
Not intentional fud, just prudent commentary since I may have unintentionally given investment advice. I stopped paying attention to the other coins I was looking at when I bought RSR and cleared my memory banks because I believe in the project and I'm holding until EOY. Then I'll reassess and see if the P2P transaction business is as viable as I thought it was when I bought in.

There are a few similar transaction-enabling projects out there, though. Not all of them are P2P, either. Some of them are machine-machine transactions, like RLC, which seems interesting, but it's a totally different use case altogether so I doubt they will compete. LINK is an enabler of those transactions, of a different kind. But the hyper-inflationary use case of RSR is what attracted me the most to it, as well as it having the backing of some VCs and a more or less ready-to-go product. I grew up in silicon valley, a lot of my friends are y combinator nerds, and I saw real quick how cheap the whole VC thing is, and how much the product is usually just hype. There's this whole mindset, which is foundational to basically all crypto, that you have to get people to pay you money before you even start working on the product, which always seemed backwards to me. Being able to claim support from an investor is nice, but it doesn't mean much. It's just a data point, one among many. RSR does seem to be doing good business though, and I'm excited about its potential to really move the needle forward in terms of how we communicate and transact value as a civilization.

[Anonymous No.21657581]

>>21657345
You didn't have to type all that out; although, I appreciate that you did
Have a kitten

[Anonymous No.21657756]

What's a suicide stack?

[Anonymous No.21657792]

>>21657756
100k

[Last No.21658044]

The 5000 most rich people on earth.

[Anonymous No.21658119]

>>21658044
omg is that real???
TAs BTFO

[Anonymous No.21658844]

We're catching flak boys, you know what that means.