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

/biz/ - Business & Finance

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21786811 No.21786811 [Reply] [Original]

RSR

>94 BILLION still to hit the market
>Devs don't even believe it can work
>Only 5000 app downlaods


Yikes

>> No.21786924

>>21786811
You forgot the part where you're a faggot.

>> No.21787065
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21787065

>>21786924

>He fell for RSR

If you can't even do baisc research, it's your own damn fault when you get dumped on.

>> No.21787169
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21787169

Oh anon. It's not to late to reserve your rights.

>> No.21787201

I’m gonna let you in on something because I’m sick of people falling for these VC token scams. Reserve's total market cap is almost 90% locked up making its true market cap in the billions with barely any room left for growth.

Nevin Freeman the CEO of Reserve just recently unlocked roughly 30% worth of the circulating supply for "exchange listings" although they’re on record saying that no listing with Binance will happen (except on their DEX) over policy issues and the legal advisors say they’re still YEARS (at best) away from a Coinbase listing over regulatory issues.

There will only be a few more washtrade Chinese copy paste "decentralized" exchange listings like we’ve seen. Remember, the Reserve team is VERY adamant about US citizens not buying they’re token over SEC regulations.

This is what "Rangers" don’t want you to know, Link had already passed all the legal loopholes and was even one of Coinbase’s first alts sanctioned for trading in NY.

This is a startup funded by mega rich VCs who seem to be the main focus of the token's promotion yet they have just as much capital invested in upwards of hundreds of other different investment vehicles (including plenty of other crypto tokens and crypto related company stakes).

Unfortunately, this startup was worked out a year before all this COVID19 uncertainty had caused every major economy in the world to start thinking about making their own digital currency. The US has now forecasted that their own digital dollar will be in full use within the next 10 years.

The US has absolutely every incentive to keep countries dependant on US dollars, there will be digital USD phone apps coming to areas of economic distress much faster than Reserve can pull off the lobbying required for "regulatory compliance" with the SEC. Reserve is now competing against big government.

There’s no reason to think anyone would choose to use Reserve over government backed stablecoins in a time of crisis.

>> No.21787289

>>21787201
Will XRP be the gubment backed stablecoin? I mean, it's already a stablecoin and the jewish team have a lot of connexions with US gov.

>> No.21787339
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21787339

>>21786811
>Only 5000 app downlaods
imagine trying to launch a currency in places where no one has money or bank accounts.
imagine saying "us citizens"
imagine your coin is a literal and admitted non-functional placeholder.
are rsv idiots just as bad as cripples?

>> No.21787353

>>21787065
I bought in under a half a penny. Nice try though you gay bitch.

>> No.21787381
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21787381

10$ is FUD

>> No.21787665

>>21787353

And once mainnet drops it will be back at half a penny.

>> No.21788074

>>21786811
thanks, sold 100k more

>> No.21788129
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21788129

>>21787665
lol k dummy. With such amazing ability to see into the future you should be a multi millionaire and not fudding legit projects on /biz you absolute fucking mongoloid.

>> No.21788424

Are you looking for a blockchain that allows large scale commercial Applications? CWVBLOCKCHAIN is that blockchain that's trustworthy due to its consistent victory over problems of Network Capacity expansion which has made it a candidate of large scale commercial Application.

>> No.21789071

>>21787339
all the stuff about placeholders I'm seeing is from 2019, with the plan to roll out official RSR in 2020
what evidence is there that this is or is not the rolled out token one way or another?

>> No.21789102

>>21789071
They're gonna do a 1:1 transfer anyway, so the FUD's irrelevant. This is a long-term hold.

>> No.21789184

>>21789071
verify yourself.

its an empty fucking contract:

https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8#readContract

>> No.21789208

>>21789184
gotcha

>>21789102
where can I find verification of them at least planning to do this?

>> No.21789451

Okay, well we have a mystery on our hands now don't we boys?

>> No.21789491

>>21789208
It's in the whitepaper somewhere. At least that's what other anons have said, I don't actually read this shit.

>> No.21789556

>>21789491
So we're in an empty placeholder token with no assurance of future value.
Starting from there, our first step is to comb through their whitepaper or communities looking for info on what's going to happen, and most importantly whether or not we can trust that it actually will.

>> No.21789582

>>21789451
the fact that its a placeholder is extremely suspect. Is it:
(a) they are corrupt
(b) they are lazy
(c) they are incompetent
(d) they have no one qualified who can write a contract
(e) its too hard and they're too dumb
(f) all of the above

>> No.21789643

>>21787339
LINK was a placeholder too when i bought it at 14 cents.

>> No.21789665

Yes, please keep fudding until I’m done stacking.

>> No.21790106

I haven't found anything related to managing the RSR placeholder in the whitepaper

>> No.21790187

>>21789643
unlike link, reserve claims to have a working product in venezuela and other markets.

how is the product working when the key component is an empty contract? what is keeping it pegged?

its like me claiming i'm building a new car and have sales happening and then at same time i say: "the engine isn't yet available" the whole thing raises more questions than answers.

>> No.21790620

>>21790187
RSV is already pegged by 3 stablecoins . adding morethings to the peg is on the agenda. increasing RSV adoption. finally launching mainnet with RSR arbitrage.

>> No.21791480

>>21790187
They need to test practical implications with a prototype. Since Venezuela's currency is insolvent, they can record all the details of its adoption and then later change the contract for RSR.

>> No.21791576

>>21786811
Imagine the effort you took to fud. You would only do this if you have some agenda like trying to buy back in.

Well guess what fuck you, RSR is unironical a guaranteed moon mission the charts proof it, the whales proof it and unironical you by fudding it.

>> No.21792499

>>21791576

Yikes, so these are the people supporting RSR.

>> No.21792640

>>21792499
Yikes, so these are the people fudding RSR.

>> No.21792726

>>21788074
Same here just dropped my 5m bag.. whew thanks anon for looking out for me

>> No.21792811

Just in case you’re a newfag everyone in this thread wants RSR price to drop so they can buy in. Every thread that has someone saying RSR is a shitcoin unironically is doing so in hopes people sell and lower the price.

>> No.21793202

>>21786811
Before you buy, let me tell you a story.
I was visiting San Francisco to see one of my friends who works in wealth management. We went to a strip club, and while I was there, I saw Nevin, surrounded by women. He was throwing tons of money at them, but not just bills. It was stacks upon stacks of $10,000, sealed up with the white paper bands, like he had just come straight from a bank.

I went up to him and congratulated him on the success of Reserve as of late (this was about a month ago), and he started laughing. He took a hefty swig from a bottle of Dom Perignon, and said, "Yeah? You think I care, reservie?"
Confused, I asked what he meant, and said that he had obviously put a lot of work into helping disadvantaged third worlders and he should be proud.
"I don't give two fucks about those pajeets, kid."

He was about to say something else but one of the strippers tapped him on the shoulder. Nevin pulled out from his pocket the biggest ziplock bag full of cocaine I've ever seen in my life. It looked like one of those gallon bags, almost bulging at the seams. The stripper ran off into a back room with it.
He then pulled out a Zippo lighter.
"You wanna know what I think about Reserve?"

He picked up his bottle of champagne on the floor, pulled about 20 stacks of bills from a duffel bag, threw them on the floor, poured champagne all over them, flicked his Zippo, and dropped it onto the pile. Almost instantly the whole stack caught.

I stared at him, speechless.

"It's called a 'PUMP and DUMP,' kid."
He laughed as he watched the pile burn before losing interest and going into a back room with his entourage of strippers following carrying duffel bags full of what I assume was money and coke.

This is the man you are supporting by buying RSR.

>> No.21793349

>>21793202
BASED???

>> No.21793355

>>21793202
Shit. I'm selling.

>> No.21793446

I have 100k RSR. What’s the make it stack for this coin?

>> No.21793679

>>21793446
100 k suicide stack
1 m to make it
10 m for financial independency