[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]

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

/biz/ - Business & Finance

File: 130 KB, 600x600, 1597795606811.gif [View same] [iqdb] [saucenao] [google]

24531588

RSR Anonymous Thu Dec 3 22:41:07 2020 No.24531588 [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.

>>	Anonymous Thu Dec 3 22:43:05 2020 No.24531625 Holy shit the FUD Kracken has emerged from the abyss

>>	Anonymous Thu Dec 3 22:46:56 2020 No.24531693 inb4pinkwojaks

>>	Anonymous Thu Dec 3 22:49:27 2020 No.24531735 File: 44 KB, 958x960, 1597989284871.jpg [View same] [iqdb] [saucenao] [google] >>24531588 lmao I remember this copypasta fud, bless you anon for keeping it going >imagine actually falling for this fud and not laughing at how great it is

>>	Anonymous Thu Dec 3 22:51:18 2020 No.24531776 File: 46 KB, 600x392, brushie_brushie_brushie.jpg [View same] [iqdb] [saucenao] [google] >>24531735 >remembers copypasta from 3 months ago >lel old fag XD

>>

Anonymous Thu Dec 3 22:52:50 2020 No.24531804

This actually made me LOL. The FUD is getting more and more creative. Look anons, do you really think that some dipshit behind a keyboard out of some sudden desire to do good in the world goes out of their way to warn all the upstanding samaritans that inhabit biz that they should "just stay away" from this project because some left-wing libtard boomer who still thinks bonds are a good investment vehicle slandered the technicalities of the project, provided he even asked him? This is actually comedic. Like, thanks for bringing a longlasting smile to my face in these times of incessant bad news

>>	Anonymous Thu Dec 3 22:53:56 2020 No.24531822 OP is as fucking cringe as the guy thats been hyping XRP

>>	Anonymous Thu Dec 3 22:56:14 2020 No.24531872 >>24531776 >1776 based get, retarded post

>>	Anonymous Thu Dec 3 22:57:52 2020 No.24531892 >>24531588 my only fud of RSR is it's 100,000,000,000 supply and the 1 dollar is the max better shitcoins to throw it on Red but if you have a few grand RSR is good

>>	Anonymous Thu Dec 3 23:07:23 2020 No.24532042 the mother must be proud of the retarded son

>>

Anonymous Thu Dec 3 23:07:32 2020 No.24532047

>>24531892
The supply is elastic and managed by an automated system. 100b is the supply potential, not the supply, of the RSR placeholder token for pre-development support.
The real criticism is that the project doesnt have the more important parts of its code out. We're very early and going on quite a bit of trust.

>>	Anonymous Thu Dec 3 23:17:27 2020 No.24532230 >>24532047 Yeah I have a decent stack. Was probably gonna just ride it though the bull run thinking maybe it could hit .50 - 1.50 depending on the exposure

>>

Anonymous Thu Dec 3 23:53:28 2020 No.24532751
File: 169 KB, 745x1200, 1512799896506.jpg [View same] [iqdb] [saucenao] [google]

>>24531588
For me, the main characteristic of RSR is its appeal to unrepentant racists who see it as a means of financially enslaving impoverished countries with currency that is worthless due to hyperinflation. Reserve intends to, and indeed is already in the process of taking over the entire monetary systems of the unwashed unbanked so that they will never again be able to live in fiscal freedom. No matter how left their employees try to lean, or how many "progressive" social causes they champion, they will always be colonizing to the benefit of the few autistic bigots who were first to realize this and see the potential.

>>	Anonymous Fri Dec 4 00:34:23 2020 No.24533419 File: 5 KB, 229x220, 44444.jpg [View same] [iqdb] [saucenao] [google] >>24531588 omg, this rando's friend thinks rsr is a stupid idea FUCK FUCK SELL NOW SELL NOW

>>	Anonymous Fri Dec 4 00:50:58 2020 No.24533648 >>24531588 The first time I read this copypasta your friend was studying economics at Princeton. Good for him, moving along in the world.

>>	Anonymous Fri Dec 4 00:53:42 2020 No.24533684 newfags will never realize it’s fun to fud their own bags

>>	Anonymous Fri Dec 4 00:56:06 2020 No.24533714 File: 1.80 MB, 1920x1080, 1606794011641.png [View same] [iqdb] [saucenao] [google] >>24531588 This is a copypasta that gets reposted.