[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 321 KB, 913x963, IMG_20200818_230133_271.jpg [View same] [iqdb] [saucenao] [google]
21671456 No.21671456 [Reply] [Original]

>> No.21671639
File: 5 KB, 209x241, 1597870660878.png [View same] [iqdb] [saucenao] [google]
21671639

>>21671456
i came

>> No.21671666

Only a matter of time till I coom

>> No.21671670

>>21671456
Just about to top off before we crash back to .0001 where this shitcoin belongs

>> No.21671679
File: 155 KB, 1060x681, C6C73AB9-189B-404D-A295-05C60E329E7C.png [View same] [iqdb] [saucenao] [google]
21671679

>>21671456
Good image OP

>> No.21671718

>>21671666
Checked

>> No.21671731
File: 42 KB, 150x150, 1588356711218.gif [View same] [iqdb] [saucenao] [google]
21671731

>>21671666
SATANIC POSTING
AHHHHHHHHHHHHHHJHUJUJUJHJJUHJHHHHHH.... FUUCCKKKKKKKKKK...... I-I...... I-IM COOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOMING

>> No.21671755

Its already too late

>> No.21671934

>>21671456
Insider here with some valuable information. Just got a phone call from a colleague of mine. He said there were some huge contracts and deals that were signed with RSR, but there were some legal stipulations involved, and now everyone is pulling out. The situation is looking grim. RSR will most likely pump to .7c short term, then crash back down to .005c and ultimately fizzle out and die. I'm just sharing this info with people because i sincerely care about the welfare of everyone and their families whom are involved.

>> No.21672017
File: 126 KB, 1037x544, F5C0C3F9-B42F-4CC4-BE08-E1411C3FF24E.jpg [View same] [iqdb] [saucenao] [google]
21672017

>>21671666

>> No.21672403
File: 180 KB, 1080x608, 1597898562987.jpg [View same] [iqdb] [saucenao] [google]
21672403

Hope you all got stocked up. Top 4% of wallets checking in.

>> No.21672728

>>21671934
lol did you actually copy&paste that dumb FUD paragraph from where it originated? It's so badly written and implausible. At least really try, dumbfuck.

>> No.21672891

>>21672728
he did. that one and another version w/ "a friend at a wealth management firm in SF..." have been posted in every RSR thread this week. it's coordinated and weak-sauce FUD.

YOU HAD AN ENTIRE YEAR, FAGGOTS

>> No.21673015

>>21671456
If you're new here I'm gonna spoon-fed you kids. Do not buy this coin, there will never be a mainnet. It's 2020 and every top coin has delivered at least some product on chain. Reserve has a stablecoin with no liquidity in 2020 as their product. Put your money into something that won't go 100% go to zero. Sorry biz scammers you aren't gonna fool anyone this time I've blown your cover.

>> No.21673075
File: 47 KB, 600x817, fedora faggot.jpg [View same] [iqdb] [saucenao] [google]
21673075

>>21673015
>i've blown your cover
>nothing personal, kiddo
ngmi

>> No.21673267

(((WHO))) is keeping the price down and preventing pumps?

>> No.21673422
File: 89 KB, 600x600, 1595466539695.jpg [View same] [iqdb] [saucenao] [google]
21673422

>>21673267

>> No.21673635
File: 703 KB, 1200x791, 1597883649298.jpg [View same] [iqdb] [saucenao] [google]
21673635

>>21673422
Thank you kind faggot, I'm not priced out yet because of you.

>> No.21673939

>>21673422
stop, we need more fomoers

>> No.21674352

>>21671456
I have a PhD in crypto economics and mathematics. Crypto incentives in RSR are a legitimate concern. I saw Nevin Freeman speak at a conference recently where he mentioned tokens and asked him about the token economics of a stablecoin system like Reserve is developing. The problem is that the actual purpose of RSR is fuzzy at best and not even figured out fully by the team (see the youtube videos for Nevin stuttering about this). When I brought it up to Nevin Freeman, I told him that in the way the network is expected to be used, the arbitrage gains expected would actually decline as the RSV token becomes more ubiquitous because as adoption grows more widespread, the token value fluctuates less and less. This makes sense if you took a few advanced cryptoeconomics courses. Nevin admitted that it was a great question but that they were "actively pursuing research in that area." I sold my RSR immediately after that and saw a significant dump on the Huobi charts. It's pretty clear these guys are pulling you along making you think they're doing something revolutionary when the tokenomics aren't even fully determined yet.

>> No.21674492

>>21674352
Funny that you mention that anon, have I told you about the concerns my friend who works at a wealth management firm in San Francisco had about the tokenomics of Reserve's whitepaper? 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.21674666

RSR IS A SCAM

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