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

/biz/ - Business & Finance

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25600769 No.25600769 [Reply] [Original]

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.25601238

>>25600769
Yes, I also enjoy using copy and paste.

Unironically just bought more, Rsr 30 cents eom

>> No.25601289

What about Maker then? same thing?

>> No.25601328

>>25601289
this is a fake story that gets pasted every couple of days, don't fall for this fud anon.

>> No.25601431
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25601431

mainnet was delayed once again btw

>> No.25601452

This is a brilliant example of FUDDING my dear gents. BUY THE DIPS. RSR and VET aint fucking around.

>> No.25601532

>>25601431
fuck this, should i sell? I bought yesterday at $0.04

>> No.25601543

>>25601431
2011. 10 years ago... What about you fuck off ?.

>> No.25601593
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25601593

Fucking sell it. Make my day.

>> No.25601604
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25601604

>>25600769
RSR will never go below the price you sold at, swingie.

>> No.25602118
File: 89 KB, 1197x624, ARPA A+.png [View same] [iqdb] [saucenao] [google]
25602118

>>25600769
I will never, ever touch this shitcoin, and I'm happy. ARPA will trump it anyway and my girlfriend Bella (protocol) will eat you alive.