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

/biz/ - Business & Finance

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23563916 No.23563916 [Reply] [Original]

What did the RSR team mean by this?

>> No.23563926

>>23563916
They fudded themselves so you accumulate more before take off

>> No.23564000
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23564000

>>23563916
Lol what the fuck do you think it means retard? There is a reason the CEO spends most of his time trying to get exchange listings and pumping the coin.

>> No.23564035

>>23563916
They meant that you should sell your bags now

>> No.23564114

Go to bed anon

>> No.23564182

>>23563916
"We asked eachother and realized together that we're all going to change the world and get rich in the process. It's guaranteed."
Oh yes. That is much better
isnt it?

>> No.23564391
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23564391

>> No.23564407
File: 108 KB, 594x370, altman_withnevin.png [View same] [iqdb] [saucenao] [google]
23564407

>>23563916
no idea anon, im sure someone else could explain it to a brainlet like you

>> No.23564435

>>23563916
That they are realistic about their odds unlike the retards who are heavily invested in it

>> No.23564504

>>23564391
So they're sticking to their plan. And?

>> No.23564564

>>23564407
There is no Nevin. He is a part of the simulation.

>> No.23564971

>>23564407
>"Mr. Maduro, turn this bus around!"
Why did he think channeling Reagan was a good idea?

>> No.23565073
File: 2.94 MB, 1920x1080, Neo Nevin.jpg [View same] [iqdb] [saucenao] [google]
23565073

>>23564564
this

>> No.23565209

>>23563916
Really inspires confidence.

>> No.23565222

>>23564971
Maybe because Reagan was the last decent president before Trump you mong.

>> No.23565243

>>23564564
His name isn't Nevin. It's Satoshi.

>> No.23566237

If it doesn't work it's because someone in the company didn't believe in what they were doing. It's sad.

>> No.23566519

>selling houses to buy RSV to prop up the price to keep it pegged to the USD
There already is an asset which cuts out all the transaction fees and huge delays involved with such a process and it's called Bitcoin. Look at how well the Turkish government has ""propped up"" the lira and you'll see why reserve bank pegging doesn't and can't work. The USD peg is why it won't work, and once you take that element away, you just get bitcoin.

>> No.23566834

>>23566519
>arguing against a position no one has taken
ok, here's your (you)

>> No.23566892
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23566892

>>23566834
The RSR team takes this position though.

>> No.23567217

>>23566892
Where does it say they'll be dumb enough to stick everything in an asset that takes forever to move? What they're describing is no different from a hedge fund.

>> No.23567411

>>23567217
>mortgage backed securities are not houses
guess what happens when the housing market tumbles?
Everything is a commodity in our economy, and every commodity the Reserve team hopes to use as a reserve can and will eventually tank. Look at what happened to DAI in march if you want to see how quickly stablecoins backed by crypto can become near worthless in minutes.

>> No.23567434

>>23563916
This is not professional at all

>> No.23567549

>>23567411
I dont doubt that you can impress women with your doom sometimes but you are an idiot nonetheless. RSV will be backed by a variety of asset classes (bonds commodities, real estate). A basket of assets from multiple classes. It would take all four horses of the apocalypse and hell fucking the pale horse up the ass to crush all of that simultaneously.

>> No.23567579

>>23567411
There are multiple solutions to this outlined in the whitepaper: diversification across multiple asset classes, relaxing the peg and, in the event of a total market crash, minting (and frankly in that case we're fucked regardless). Inflation practically insures that prudent investment will always outstrip fiat value, it's no worse than Tether's imaginary fiat backing.

>> No.23567657

>>23567549
>>23567579
>RSV will be backed by a variety of asset classes (bonds commodities, real estate). A basket of assets from multiple classes
So you're saying it would take a global financial shock to make your "stable" currency go straight to 0? You know with how laden up on debt the world is, those happen every decade now, right? Whether it's covid, or a war with china, or the US defaulting on their bonds, or the chinese saying they only accept yuan for goods, or a violent election, or another black swan we can't even imagine yet? You're betting that not only does RSR work perfectly, but none of those events happen? Even though one happened just this year that tanked every single asset class? Come on now.

I agree that an asset class decentralised and untied to any specific tangible asset or government is a great idea. But it already exists and you can find it under ticker: BTC. It's trying to peg t to the us dollar where the problems emerge.

>>23567579
>it's no worse than Tether's imaginary fiat backing.
That's not hard though. Nothing is worse than tethers imaginary fiat backing, which is why no reputable exchanges accept that garbage.

>> No.23568166

>>23567657
>So you're saying it would take a global financial shock to make your "stable" currency go straight to 0?
I'm saying it would take an apocalyptic crash and in that case it's not like I can eat bitcoin. Bitcoin is also too volatile, too slow and has too high transaction fees to expect ordinary people to adopt it for daily usage. Personally I agree that pegging to the USD has issues but you aren't going to see a clean solution that bridges the gap in the short term.

>> No.23568209

It's a pretty big red flag. When they post something like this, it's not like half the office believes it as he says, it's literally everyone else except their employer (the CEO) knowing that the project is a pure scam and won't work on it without a clear disclaimer that they only did it to put bread on the table.

>> No.23568709

>>23564035
Okay I sold 5 million at market price. Adding 20% to portfolio. Thanks

>> No.23569071

>>23563916

If you can find this on their website right now, I believe you.

To the rest of you: how can you be soo retarded. Just put the text in between quotes and google it™. If you sold over this, or because RSR is correcting a little bit due to BTC movement, then holy shit you guys are really fucking retarded wagies who are

>/ngmi /