What is your opinion on this?
RSR Thread
Justin Sanchez
Other urls found in this thread:
youtu.be
etherscan.io
twitter.com
Luke Barnes
>ITT bagholders from the unofficial telegram faking interest
RSR pumped. It is going to slowly die. Too many competitors, the project would be lucky to ever get a small piece of the pie. This token is already overpriced when diluted. Fin.
Asher Young
Last sentence is only valid point. This project has a shit ton going for it and I'm bullish. This thing will easily be one of the top projects. But the only thing that worries me is the huge supply and possible dump.
John James
Devs have abandoned this project
Colton Wilson
buy 1M, put to cold storage, come back in a year or two
Nathan Evans
Another pump and dump shitcoin. Enjoy your x10 before the exit
Hudson Phillips
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
Lucas Cox
imagine being this mad over a project you are not invested in. or maybe you sold at 22 sats?
Dominic Butler
this. its been a confirmed scam for over 4 years now.
still cant believe pajeets post about this russian ponzi scam
Joshua Harris
yeah but peter thiel
Jacob James
fuck this pump and dump scam
satsgang deserves having to baghold this shitcoin after shilling it for months on twitter
Lucas Smith
LMFAO
Market buying another million after reading this desperation cuck FUD
Creatures of Yas Forums think they’re smarter investors than Thiel. Sorry basedboy’s we’re not going back to 20 sats ever again.
Jeremiah Martinez
satsgang pajeet trying to save his underwater bags
entertaining
Logan Rodriguez
Youre supposed to fud in these threads
SSAAAAAAAAAAATSSSGAAAAAAAAAAAAANG
Blake Davis
Silence cuck.
In since 20-25 sats. Stored comfy in muh ledger.
Rsr will singlehandedly outperform your entire $723 portfolio. Keep waiting for 20 sat level again tho.
Angel King
you forgot the backing this project has which is why it will come out on top. The other stable coin projects are started by scammers, pedos and basement dwellers.
Jaxson Russell
Loaded up at 33 sats. Going in HOT AND HEAVY if we retest 27 or lower but there should be some spicy announcements in the coming weeks to actually bring us back to 50
Anthony Nelson
>wasted money on a worthless degree
>mad about shitcoin shilling
Landon Adams
>There's literally nobody on the team that has the proper economic knowledge to even properly consider the idea that they've thought of.
>has worthless 4 year degree from shit-school
you are the biggest dunning kruger cuck ever.. pic related faggot.. FUCKING SEC COMMISSIONER
Tyler Roberts
>unironically types "no University or nothing"
>thinks smarter than pic related..
ninja you can't even form a proper sentence but you claim to be an academic. your not qualified to wipe the piss off pic related's loafers much less comment on the intelligence of the founders of the projects he advises.. please KYS immediately. you are dragging humanity down with you.
pathetic user.. pathetic.
K E K
E
K
Tyler Turner
RSR has VERY LITTLE utility in the Reserve ecosystem besides DILUTING THE SUPPLY. The team has created a false narrative that you can make a lot of revenue through RSR/RSV arbitrage, which would create demand for RSR in the long run. But is it true? Lets dive in.
1) An excess pool of RSV has to exist in order for RSR holders to be able to arbitrage with RSR. How is this pool of excess RSV created? The collateral for RSV has to appreciate in usd value ABOVE the collateral target. That means you as a RSR holder CAN’T arbitrage until the vault is optimized to produce revenue/gain value against usd, which is unlikely to happen for YEARS.
2) RSV has to trade above $1 in LARGE volumes for the arbitrage process to be in any way profitable, which is very unlikely to happen – if RSV does trade above $1 peg, it will be in small amount of sell orders. Not to mention that the Reserve foundation will ALWAYS have a first actor advantage, deflating the pool of excess RSV tokens BEFORE any of the regular holders will have a chance to participate
Where does RSR then play a role? When the vault portfolio depreciates in value, the protocol will mint AS MANY RSR NECESSARY in usd value to INSTANTLY SELL on EXCHANGES for the deficient amount of collateral assets to get back to the target collateralization ratio. When new RSR gets minted, the circulating supply of RSR will be inflated, inherently lowering the value of previously existing tokens. Not only because there are now a huge amount of new tokens in the circulation, but also because the newly minted RSR were market sold as per the smart contract associated with the RSR/RSV arbitrage mechanism.
Example: if we have 100m RSV in circulation and the collateral depreciates 5%, the protocol would need to mint and SELL $5 MILLION WORTH OF RSR tokens. When the current RSR mc is only $16 million, vault deprecation would have a DRASTIC NEGATIVE IMPACT on the market price of RSR, making it EXTREMELY RISKY and unattractive to hold.
Elijah Johnson
zzzzzzz
Sebastian Brooks
this
Robert Walker
Not other user obv, but the SEC is a regulatory body that deals primarily with preventing investor fraud. They give way more fucks about SOx and GAAP, but you dont even know what those are because you are just dumb enough to not know how dumb you are. They dont give a fuck about economics.
t. Accounting
Liam Morales
>They dont give a fuck about economics.
what part of "professor of economics at George Mason University" is too hard for you to understand. You're just a bean counter so I suppose that makes sense.
Nicholas Baker
project only been has been around for almost 2 years user...
Nathan Hughes
it started in 2017 july you scamming fuckface, so basically 3 years
Asher Williams
Jaxon Wright
XHV is the unique solution sir
Carson Bell
there is no info i can find of anything in July 2017
may 29 2018 is the first tweet from the official reserve protocol twitter.
the first video they have promoting it on YouTube is Jul 20, 2018
youtu.be
also mind checking out it on eth scan and scrolling to the bottom and click last
etherscan.io
you can see the first transaction is may 17 2019
Austin Peterson
how about check the CEO's linkedin for how long he's been working on it you retard
Mason Wright
“Check the CEO’s linkedin”
This is literally bottom of the barrel fud
Chase Ramirez
RSR makes people so butthurt and for that reason alone I'm IN
Zachary Edwards
John Cooper
there is nothing created yet. most of the time since then they were proposing getting angle investors.
by the stuff i posted you can see when they actual where active and working on the protocol and design. cant scam for 3 years if the ecr20 has barely been around a year
its like saying it took me 27 years to post itt