/biz/ - Business & Finance

You guys really don’t realize how high the price of RSR could get.

Think about it logically. One dollar worth of RSR can be redeemed for one RSV.

That means that price could literally be $10,000 per RSR and banks would still pay it. Because they could redeem that single $10,000 RSR for $10,200 worth of RSV.

There’s no limit to how high the price could go because no matter what it’s still profitable to buy RSR.

Supply fud is dumb too because RSR is burned during arbitrage.

During mainnet it’s not crazy to think that hundreds of millions of dollars worth of RSR will be bought and burned every day. $56 is literally fud.

>>22481181
>Imagine not running the world reserve currency out of the Big Moose Deli
>Imagine not taking pictures with your kids in front of the giant, well-endowed hotdog
>Can you 'majin? $1k EOY is FUD

But I found out the team is actually incredibly sketchy. Softball coaches and convenience store owners? Fartless beans? What. I was told Peter Thiel was invested in this.