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.
Big Issue w/ RSR Tokenomics
Wow. I've been hearing this circulating on the discords, nice to hear it confirmed here.
just sold
>works at a wealth management firm in San Francisco
So your friend thinks he knows more than Peter Thiel?
Insider here with some valuable information. Just got a phone call from a colleague of mine. He said there were some huge contracts and deals that were signed with RSR, but there were some legal stipulations involved, and now everyone is pulling out. The situation is looking grim. RSR will most likely pump to .7c short term, then crash back down to .005c and ultimately fizzle out and die. I'm just sharing this info with people because i sincerely care about the welfare of everyone and their families whom are involved.
You are definitely speculating dangerously if you buy in before the team addresses these big problems with the assets they're using to back the currency. Using securities to support a coin that is supposed to fight hyperinflation is fundamentally flawed.
>he didn't read the post
It might have been a good investment a year ago before coronavirus fucked everything. I would watch to see if any of the initial backers decide to cut their losses.
I know this thread is an attempt at FUD from someone who holds RSR but it doesn't even make sense as FUD.
If you understand enough about RSR to get that they're stabilizing against non-fiat assets then you presumably understand how price oracles work and why USD's lack of stability is literally bullish and validates the coin's long term roadmap.
If you want to go this angle to keep the price down you could say that adjusting for cross-regional discrepancies in illiquid assets is difficult or something.
Saw this discussed in the RSR price telegram channel, dropped my whole 1MM bag today. Thanks for confirming.
I see you didnt forget your VPN this time
How many days are you going to copy and past this FUD Pasta from Discord?
>going to be the new Bitconnect
God I hope so
>I would watch to see if any of the initial backers decide to cut their losses.
Again, this reveals that you are someone who holds the coin and is attempting to FUD because it takes about 2 seconds to learn that the "initial backers" are seed investors who bought a non-retractable grant to the tokens on release.
If you want to go this angle you can say they own too much and will dump at mainnet launch or something.
OP is right. Niggers don't save money, period. They spend it on useless bullshit and other short term gratification. Fucking idiots at the Bilderberg Group, World Economic Forum and Coinbase think that niggers are going to save their hard earned Congolesian dollars and convert it into RSV because they're responsible and intelligent?! lmao RSR is done. I'd sell now
Faggot here with some valuable information. Just got a phone call from a boyfriend of mine. He said there were some huge dildos and vibrators that were raping RSR, and there were some illegal boylovers involved, and now everyone is pulling out (of the boys). The situation is looking erotic. RSR will most likely pump to .7c short term, then crash back down to .005c and ultimately fizzle out and die like me with my HIV. I'm just sharing this info with people because i hate the welfare of every straight cunt and their families whom are involved.
Again, you didn't read what my friend explained to me. A year ago this project would have made total sense to get into. Corona has changed the whole game. Watch to see if any of the seed investors decide to run for the hills.
Thanks for looking after my financial wellbeing.
You had a whole year
Insider here with some valuable information. Just got a phone call from a colleague of mine. He said there were some huge contracts and deals that were signed with RSR, but there were some legal stipulations involved, and now everyone is pulling out. The situation is looking grim. RSR will most likely pump to .7c short term, then crash back down to .005c and ultimately fizzle out and die. I'm just sharing this info with people because i sincerely care about the welfare of everyone and their families whom are involved.
wow is that real user?
HOLY SHIT this is actually legit. Sold my 5 million stack, thanks for the early warning OP.
Got played
There is no movement or communication from the dev team, The circulating supply keeps mysteriously increasing. The entire pitch right now is decentralized store of value but it's just pegged to the dollar like the other 30 "stable" coins. The whole point is to get away from inflationary currencies yet RSV is currently pegged to one. RSR has an overstated role in the system and is turning out just to be a scam coin attached to a stable coin with no actual timeline to change that. Huge dump incoming.
try harder, samefag
Look at how RSR shills never bump certain posts, they want to emulate LINK shills by making custom memes and it's highly likely that it's all shilled by the same group, I'm doing this because I worked my ass off to get my economics degree and I hate a fucking ignorant fuck talking shit with the attitude of someone that know what he's talking about.
If you know basic economics and basic tokenomics you already know that this shit is a scam but if you don't know here some facts:
RSR CEO has no academic background, Linkedin has no University or nothing,
Youtube videos comments are disabled because they know they're talking shit.
Tokenomics unsustainable and totally vapourware.
Forbes article made by muh contributor
Devs hold 70% of the supply
Circulating supply is 4% of the total which means you'll need at least a 25x to only break even long term.
No company address on the website, no professional info whatsoever.
There's literally nobody on the team that has the proper economic knowledge to even properly consider the idea that they've thought of.
They literally have N O T H I N G to show for, no code, no algorithms, just a few blog posts and screenshots of an app any 10 year old could create.
As I have previously stated they will face regulatory issues, the sec won't just allow them to "become the biggest stablecoin business" dealing with sanctionned countries. Even if
Reserve seems to claim they need KYC - i disagree, they need AML. They cant seem to tell the difference.
Getting off the peg, lol what fucking retards, even Tether, the biggest ponzi of all is pegged, they don't talk about public statements about the reserve, they don't talk about nothing, they just go arond with the attitude of being intellectual and that's why I hate them, at least Bitconnect was obvious and funny, ZBUX is a meme, BRAP too, these guys act as academics and that's why I hate them, because they're not even 1/100 of what an academic is
Look at how RSR shills never bump certain posts, they want to emulate LINK shills by making custom memes and it's highly likely that it's all shilled by the same group, I'm doing this because I worked my ass off to get my economics degree and I hate a fucking ignorant fuck talking shit with the attitude of someone that know what he's talking about.
If you know basic economics and basic tokenomics you already know that this shit is a scam but if you don't know here some facts:
RSR CEO has no academic background, Linkedin has no University or nothing,
Youtube videos comments are disabled because they know they're talking shit.
Tokenomics unsustainable and totally vapourware.
Forbes article made by muh contributor
Devs hold 70% of the supply
Circulating supply is 4% of the total which means you'll need at least a 25x to only break even long term.
No company address on the website, no professional info whatsoever.
There's literally nobody on the team that has the proper economic knowledge to even properly consider the idea that they've thought of.
They literally have N O T H I N G to show for, no code, no algorithms, just a few blog posts and screenshots of an app any 10 year old could create.
As I have previously stated they will face regulatory issues, the sec won't just allow them to "become the biggest stablecoin business" dealing with sanctionned countries. Even if
Reserve seems to claim they need KYC - i disagree, they need AML. They cant seem to tell the difference.
Getting off the peg, lol what fucking retards, even Tether, the biggest ponzi of all is pegged, they don't talk about public statements about the reserve, they don't talk about nothing, they just go arond with the attitude of being intellectual and that's why I hate them, at least Bitconnect was obvious and funny, ZBUX is a meme, BRAP too, these guys act as academics and that's why I hate them, because they're not even 1/100 of what an academic is
oops sorry check your PMs
RSR is trash, classic scamcoin
thanks, just sold 100k more
The FUD bot has been glitching out recently
Someone tell the Discord trannies to fix it
Lmao all of this FUD is so lazy, its laughable. RSR about to be listed on major exchanges in 3 weeks. Get your shit sorted before then.
all you new pajeets fudding.
It's not working.
YOU HAD ONE YEAR!
NNNNNGHGGHGGHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Just bought 100k more, thanks.