Stablecoin muh backed by USD can't be converted for usd 3B circulating supply 100b total supply, stabilization mechanism inexistent, they just say if it's above 1.00 you can buy and make arbitrage, kek you can already do that with real stablecoins.
RSR is a scam guys, HAVVEN protocol v2, I warned about havven last october and they scammed in January, beware, anyone with a basic knowledge in economics can see it's not a feasible mechanism, is just a shit token that does not have utility other than enriching devs.
It's so obvious, what is the utility of RSR? Arbitrage can be made with any coin, they have no USD reserve, they never gonna make a stablecoin and prove the backing. It pumped a bit and now it's already down 20%, dev are filling their bags, I wouldn't care but I hate scams, I have a BSc in Economics and i can easiliy see through this shit. SCAM
RSR is a huge scam beware
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3B circulating 100 total, how can't you see this? Check the mechanism, it doesn't make sense, for real guys, is Jow Forums that stupid?
actual circulating supply is 6.3 billion but okay.
since you didnt know that little fact, im just guessing everything else you said is also wrong.
checked.
Sounds like an easy road to hyper inflation or back-door profiteering.
fuck nigger
wow this post is actually retarded. You realise once people start using the RSR to buy RSV the RSR gets burned right? Millions and millions are gonna start being burned very quickly once RSV is issued
Time to sell, looks like the redditors have found Rsr.
How do you retrieve USD for it?
It's the same shit over and over, you can convert 1 Havven USD stablecoin for 1 USD worth of havven, this is just the reverse engineering of that, economic models for stablecoins are not like that, kys brainlet
Mmmm oh my god, stop fking lying
youtube.com
Enjoy your RSR scam, see you after exit scam, don't tell me I didn't warn you, cap this.
very big group shills happening with RSR. agreed. dreadful all around.
Buy TRV. Ride the coat-tails of new global Asian elite.
>I have a BSc in Economics
Disco tranny confirmed
actual circulating supply on coinmarketcap has been incorrect for about 20 days now.
because you didn't know that, im assuming you really are as retarded as i think you are.
check the supply on coingecko and have your mind *blown*, faggot
Fuck off cunt, enjoy paying the dinner for RSRfags
see, and there you go proving that my assumptions regarding your low level of intelligence were entirely accurate.
im rarely ever wrong about any investment and my networth testifies to that fact.
and out of 2019, the easiest call there has been so far has been RSR.
i sincerely hope your posts are genuine and that you really are going to miss out on the easiest gains of a crypto decade.
Nah, I don't waste time talking with you, I've done my job, smart anons know their shit, read the whitepaper and you'll see is all smoke, RSR has been issued before the stablecoin because there will be a big exit scam, there is not mention of redemption RSV to USD, that's a big redflag, along with the muh "arbitrage" opportunity of a utility token that is just a ponzi scheme, Havven Protocol V2, that is it. Bitch. ANY user READING THIS DYOR and save your money before it's too late.
>easiest gains of a crypto decade.
Lol really. so desperate. just KYS faggot
Note nobody is answering about redemption for real USD
DECENTRALIZED STABLECOINS ARE A MEME, the only way is algo based, if it's FIAT backed you need a reserve and redemption, FUCKING SCAMMERS I HATE THESE KIND OF FAGGOTS ACTING ALL HIGH AND STUFF WITH VAPOURWARE
the whole point of RSV in general is to replace failing hyperinflated fiat currencies.
the USD is a failing currency, it wont make it even another 30 years at its current rate of inflation.
hence, there is no point to redeem RSV for USD.
your mother is a whore.
>replace failing hyperinflated fiat currencies.
Muh, shitty project claiming to replace USD with a USD backed stablecoin that can't be redeemed.
Getting off the peg, lol, just fucking KYS faggot
I know you're one of their shills, I'm addressing this to US Authorities and they'll close your shitty scam.
When I finish my explanation and click submit, RSR devs will be arrested
It's backed by other tokens and assets besides fiat retard.
It's over RSR fuck you scammers
No redemption, no right. Fuck you faggots
Peter Thiel and Coinbase are already investors. Peter Thiel literally holds RSR. 1/10 I responded.
SEC will see through your little scam.
There is no statement about coinbase investing, other than RSR website and contributors press.
All videos comments are disabled. This smells shit and SEC will figure out your little ponzi.
Faggots.
Why are you so mad? Lmfao poor bagholder watched all his shitcoins go to zero sats and now he's projecting his anger onto every other crypto project.
This thread and its desperate OP reeks of pajeet
Nah, I don't buy shitcoins, I hold FTM since 4m cap and Qnt since 15m cap, FUCK OFF
>RSR is a scam guys!
>I know because I did two years of general education and took a few econ classes
>one of the biggest corporations in the world is copying it
Haha. Time to go from captain to major
GG EZ MAN, you'll be major bankrupt in 6 months
lol you taking time out of your day to actually do this, that shits just sad man
Yeah cuz there is a reward for whistleblowing and cuz I have passive gains so everything is fine.