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/biz/ - Business & Finance

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24811937 No.24811937 [Reply] [Original]

Is RSR still good?

>> No.24811989

Only niggers fud RSR

>> No.24812084

Not FUD but I sold all my RSR for DRC. Does the same thing but better and won’t be tied to USD like RSR but will be backed by an assortment of valuables such as gold and Bitcoin.

>> No.24812127

>>24812084
kek there's like a milion new scamcoins with reserve in their name. the pajeet grind is real

>> No.24812506
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24812506

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.

>> No.24812520

>>24812506
Wow. I've been hearing this circulating on the discords, nice to hear it confirmed here.

>> No.24812871

>>24811937

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.

>> No.24812931
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24812931

>>24811937
yes. this is the ultimate HODL coin.
>t. comfy 1.01M

>> No.24813124

>>24812506
>>24812520
this

>> No.24813693

Since there is apparently a discord tranny group shilling RSR today, allow me to share the following information for the financial benefit of newfriends.

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.

Coinbase may list this shitcoin after mainnet launches, only to dump on all of you or help their preferred clients do so. Just look at how they ensured that funds like Sequoia or a16z could unload their heavy bags from 2017 by listing garbage like Celo, Loopring, or NuCypher. Before that final blow to your account balance, you will watch this trash pump and dump between a few cents while OG buyers from 2019 profit off of all of you and spend their days laughing while they share screenies in their chatrooms.

Take my advice and just stay away.

>> No.24814701

DONT BUT THIS COIN UNLESS YOU WANT TO BUILD WELLS IN AFRICA! YOUVE BEEN WARNED.
>>24812506
My Dad works for NINTENDO LOOOLLOL

>> No.24814707

>>24812506
>>24812871
>>24813693
thanks just sold 1M

>> No.24814920

>>24811937
itll break 10 cents after cumbase listing.

But all stable coins suck when compared to MakerDai

>> No.24815566

>>24811937
100k suicide
500k make it
1m+ to be a king

>> No.24815780

>still good
implying it was ever good.
>>24813693
this anon is right, a quick glance at the team's LinkedIn will tell you all you need to know about how inept they are for a project like this. The ONLY thing that this project HAD going for it was Peter Thiel was invested in it, we don't know how much and we don't know if he still holds any. After looking at the LinkedIn profiles, there is no way I'd give a few dollars to any of those clowns for anything other than some fartless beans.

>> No.24815800

>>24814707
>>24815780
based green ID, gmi

>> No.24815949

I know this will trigger Reservefags but I think Ampleforth in many ways killed RSR. I was holding RSR but I made the switch cause RSR seems kind of clunky compared to Ampls concept. Asset backed crypto is retarded.

>> No.24815977

PNK

>> No.24816015

>>24815566
selling at $1 or diamond hands until $56?

>> No.24816084

this project is legit idiotic though. and the CEO is NOT a tech guy at all. he's a "big picture" guy. take that how you will.

>> No.24816307

>>24815566
lol i feel bad for whoever bought 1m+ of this

>> No.24816756

>>24813693
This is my favorite fud copypasta.
>Thiel and Altman aren't dummies and invested in this
>Don't invest in this because they aren't dummies and it will pump

>> No.24816814
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24816814

>>24813693
Which one of these do you best identify with?