/biz/ - Business & Finance

if you only know what is awaiting in 2021

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.

Is it over?

HOLY SHIT I just spotted Peter Thiel at the gym and overheard him and his buddies laughing about 'idiots pumping their bags'

How does this still have a smaler marketcap than SCAMPL?

Where is your God now edition

>>20316193
I wish this FUD was true so I could accumulate more. Sadly we moonmen
>>20316528
100k if you want to make it. Hold until you don't want to make money anymore. This shit will accelerate for the next couple years

scam don't buy

Another fantastic week. How are your bags looking?

How High will it go? I would like to thank the anons last year who quietly shilled this coin.

Redpill me on this. What does it even fucking do?

Those who are hodling RSR will see huge gains in 2020 and 2021. Mark my words

lmao Gupta's trying to make his own pegnet threads now

Right now it is the obvious time to accumulate! You don't want to be mad at yourselves later when you missed it at such low prices, do you?

Who's got the iron hands for this?

I'm a member of satsang. We bought at 0.3c and sold at 0.15c FYI

I tried to warn you, and you didn't listen.

So fucking comfy

anybody else enjoying the thrill of one big bag over few smaller bags?

No RSR thread?

Why can't people just admit they are going to need stablecoins?

The charts are growing stronger bros, listen to the charts.

I bought this scam a week ago and it hasn't pumped what. What are some better coins?

Post biz fotm scams

Is it too late to buy?