/biz/ - Business & Finance

>>18459122
there's no way to know for sure what RSR can get to, it can get to $1, it can be less, or it can be more. it's a volatile crypto like all other volatile cryptos it's subject to market forces, speculation and so on.

the reason some make the prediction about $1 dollar or more is that the circulating supply is going to be burned through arbitrage interactions with the stable version called RSV. as RSV becomes widely used through the application that the team has designed the users will purchase RSV above the $1 value which will allow RSR holders to profit using an RSR specific arbitrage mechanic that burns the RSR you send to the smart contract.

the way it works is that when RSV trades at $1.01+ RSR holders get access to an excess Reserve of RSV (the stable coin) and can buy it instantly with RSR for less than $1.01, it could be that they buy it at $1 exclusively, or if they bid down the price it could be that RSR holders can buy RSV under $1 for example they could get lucky and buy some at .98 or .97 cents and they would make an extra 2 or 3 cents from that particular interaction.

some say these events will be too rare to make RSR valuable, others disagree based on what we can observe from other stablecoins in the marketplace.

if RSV becomes widely used in countries that demand a stablecoin because they're undergoing some kind of inflation or scarcity of USD, then RSR holders will profit.

All in on RSR. Either i will be a deca millionaire or remain where I am. Assymetric risk to reward potential with just market cap of 12 million where as l the competitors of stable coin are valued in billions.

- Fully decentralized stable coin comapared to centralized shitcoin stablecoin like usdc and libra
- Great use case with excellent tokenomics - RSR for stabilizing the RSV and a poor fag like me can invest into and speculate creating actual value. You can not invest into facebook libra’s LIT. Zuck will take all the money.

- Stellar team with coinbase venture backing. This in itself is a compelling factor in itself. Matic did 10x because of the coinbase hype.
- All white team and no chink. USA office in Oakland California. Coinbase listing 99.99% confirmed.

- Peter Thiel and paypal founder backing. This is huge. Anything Peter Thiel puts his hand into, it turns into gold. Google Tilray. Also backed by silicon valley heavyweights.
- Normies will easily buy into the story when the herd joins later in the bull market causing the maket cap to go parabolic beyond $1.

This is the sure shot bet behind chainlink for us to make it and never ever work for 9-5 in your life. Screencap this.

How high is it realistically gonna go in the next couple of months?

1917 Edition

News
>10,000 new RSV minted for a large partner
>App trial period ending

What the fuck is this trash?
>Reserve is a stablecoin system consisting of two tokens. RSV the stablecoin currently pegged to $1.00. RSR the arbitrage coin is used for stabilizing the value of RSV.

Why?
>Because stablecoins are underused in non-crypto markets and the ones that exist suck, have limitations or mis-market themselves

Upcoming Events
>Venezuela app goes on chain - TBA 2020
>Major exchange listing - TBA 2020
>Mainnet (RSR) functionality - TBA 2020

Where to Buy
>Huobi Global
>IDEX
>Simpleswap.io
>Pionex

How much to Make it?
>It’s suggested to hold at least 500,000 RSR (~$1000). There is a consensus that an increase in liquidity (exchanges), adoption (app going on chain), and mainnet (proof of the RSR mechanism) will drive the value of RSR into the top 100 coins. Somewhere between $0.01 (42m m-cap or 5x) to $0.05 (210m m-cap or 25x). Anything beyond that would likely require massive adoption (which is possible), hype, major crypto press and the usage of RSV pairs on exchanges.

What about that huge supply?
>RSR is will be burned as RSV is transferred and minted. Estimate say about 2%-5% per year. This is similar to Paypal, but decentralized. Regarding team tokens, please read here:

reserve.org/blog/initial-circulating-supply-of-rsr

Chats
>t.me/reservecurrency (official)
>t.me/reservelodge (unofficial)

Further Reading
>medium.com/reserve-currency
>reserve.org/investors
>github.com/reserve-protocol

Feeling good

I want to thanks satsgang for unintentionally making and bumping tons of RSR threads

Assalamualaikum my brotha

>Wtf is RSR/RSV?
RSR = Reserve Rights - used as collateral to keep the RSV stable at $1, also used and burnt to purchase xyz amount of RSV at $1 - so if RSV is $1.20 you can use RSR to arbitrage and buy at $1. The token is burnt upon use. RSR is volatile and the Reserve protocol reaches an optimal state of operation when RSR is at higher price ranges - allowing more RSV to be created.

RSV = Reserve (The stable cryptocurrency that is economically and legally robust at any scale. Decentralized, 100% asset backed, and funded by top Silicon Valley investors.) It is literally the most technologically advanced stable coin concept to date in a world where the current stable coins have more problems than a tranny trying to figure out what public bathroom to use. In short, RSV is the only stable coin concept that isnt a literal shitcoin. Just look at DAI, just the other week it was $0.93 - WOW, what a stable coin!

>Recent happenings
RSV swap portal just launched: https://medium.com/reserve-currency/tech-update-rsv-v2-portal-a7a6b738008c
Reserve is endorsed by the UN humanitarian AID division.
SEC has picked Reserve as a neutral alternative and stable coin standard in the emerging ecosystem.
US Cryptocurrency Act of 2020 scheduled to pass and eliminate fraudulent stable coin scams like USDT and further strengthen the standard stable coin protocol which RSV is.
Nevin has managed to get a binance listing established and RSV/RSR will see a binance release in 2020.
Reserve is confirmed using Chainlink as data layers.
(Circulating supply on CMC is incorrect)
>https://www.coingecko.com/en/coins/reserve-rights-token

Token contract: https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8
Dev site: https://reserve.org/
Whitepaper: https://reserve.org/whitepaper.pdf
The protocol: https://reserve.org/protocol

RSR autistic research: discord/Y5A3bWz

>increases in value quietly

>>16022462
>The cone
You sure showed me ranjeet

They don't know...

>>15858374
If it floats, flies or fucks, rent don’t buy


Buy signal. This is an easy way to gauge how good a project is.
God tier - does not market project, developer remains completely anonymous and seeks no recognition (bitcoin)
High tier - developer actively explains why their project should be worth less or why you shouldn't invest in it (ethereum)
Still good tier - developer takes a mostly neutral stance towards social media and merely displays functionality (chain link)
Shit tier - developer advertises their own project and tries to convince people to invest / claims it will be worth more money on the future (tron, bsv, anything involving indians)

protip: wisdom is recognizing that history repeats itself, and theres nothing new under the sun. wealth is the end result of taking a calculated risk based off your acquired wisdom.

Based thread

Based lt colonel

>>15445313
>he doesnt know about ETH 2.0
nobody tell him

Where my fucking boys at?

>>15220680
It is important to make note of the central bank startup N26 that Thiel was behind:

>N26 bank was established as an answer to various major banks rejecting crypto transactions
>N26 is the most crypto friendly bank in existence
>N26 will be using RSV as part of its model for its users to safely store their fiat value in a more stable currency than the fiat itself
>N26 just started accepting US customers - link your accounts to it now
>N26 visa debit is never rejected anywhere that crypto can be purchased online and offline
>N26 is the closest bank account you will ever have to a Swiss Credit Suisse account

It's much bigger than most anons know. dig deeper if you dont believe me.

>http://n26.com

Honestly this meme aesthetic is one of my favorite parts of RSR.

His activity and volume: gone