/biz/ - Business & Finance

>>17522299
Still no specifics and more backtracking.
If your argument only works when you make up fake quotations to argue against, you don't have a good argument.
>Is it going to work?
>The Reserve team disagrees about this. Some of us think it’s going to work, and others are really skeptical.
That isn't LITERALLY what you wrote, is it anon? Because if you quote it accurately people might see that you are full of shit.
Imagine seeing picrelated and still thinking "the whole team thinks it will fail" is valid fud.

>>17494357
Thanks anon, hadn't seen this pasta in a few weeks.
>>17494564
This. All the satsgang fud let me double my stack in the last few months.
>>17494712
After watching the videos of Davos and Nevin explaining the model, and picrelated. Once it clicks and you understand the mechanics of the stablecoin peg, the only intelligent option is to buy as much as you can.
>>17497584
>Ok, so then is it more like everyone holds RSV, and RSR is minted FROM that, thus ensuring so long as people hold RSV, then RSR can be used as a stable coin?
Best explanation: https://www.youtube.com/watch?v=75Lr9lFEooM&t=1478s
tl;dw no, RSV is minted by adding collateral assets to the vault (currently, other stablecoins). If RSV goes below the peg, people can redeem e.g. 99c of RSV for $1 worth of collateral. If RSR goes above the peg, RSR holders can burn e.g. $1 of RSR to get $1.05 worth of RSV, then sell that on the market.

>>17488689
No that was just some bizlets fudding, and then some actual retards who believed it and repeated it. Some of them are even itt.
>>17489036
Reserve is what Peter Thiel always wanted PayPal to be. You are delusional if you think this does not hit $1.
>>17489426
Check the last AMA. Seed investors are not going to sell for a few measly x00% returns. Arb profits are the goal here, not token speculation.
>And arbitrage will be meaningless until there is significiant volume
Yes but also no. The earliest arb opportunities (while the price of RSR is low) will burn the most RSR.
>>17491281
True buying the top of a pump always feel wrong. Waiting for consolidation makes sense. Only question is if it consolidates here or above 1c.