/biz/ - Business & Finance

>>13832572
Israel has no Rights to exist

looks like it's going to go up?

>>13832734
Looks like its about to moon. Last chance to buy a suicide stack boys

>>13832734
If it's so good why are you shilling it?

Supply is 100 000 000 000 RSR and there is literally nothing where this is useful.

>>13832818
No crypto is useful, don't fool yourself.

>>13832572
Missed the toilet?
You're going to miss this too.

none of you understand the potential of this project.. people are putting their money into stable coins to keep their money safe. not bitcoin because its volitile. reserve will be THE stablecoin. it's the only one that can scale on a global scale and is decentralized. the more people that hold the stable coin, the more rsr token holder get rich. it's the bitcoin of stablecoins. 100000x potential

>>13832932
If its a stable coin does that mean it resists change or its pegged to some underlying asset value?

>>13832958
rsr is not the stablecoin, it's the underlying coin that increases in value when people use the stablecoin

People are unironically going to use this because central banks fucked up everything and are going to start helicopter money next financial crisis leading to hyperinflation

Sell target: 2022-2030
Estimated market cap: 1-5 trillion USD

Overall a decent long term hold

>>13833072
fuck off i'm selling as soon as it hits 100 sats

>>13832572
Just STOP IT YOU SPINELESS MAGGOT!!

Aren't there enough stablecoins already?

>>13832572
What's up with the bot making micro transaction to make the charts look bearish?

A whale pulling the price down to accumulate some more before the 27?

>>13832857
Ok pajeet bounty hunter

>>13833072
>Implying the elites will ever let hyperinflation wipe out the debt balances they have over the general population
Whew lad.
Inflation would be a godsend for most people at this point.

>>13833109
Most stable coins rely on a centralized entity not fucking us over which the Tether situation proves can be risky, I think this one is different.

>>13832818
Initial investors funds are locked until 2020 you mong

>>13833072
imagining the money elite will not outlaw this kek they hate tether already. rsr wasn't ecen allowed to list on us exchanges due to US SEC regulationa

>>13832572
comfy

>>13832958
RSV is the stable coin which will initially be backed by US dollars, which are held by a trust company.

Further down the line it'll be backed by a changing basket of assets in a decentralized way, but still stabilized in price with respect to the US dollar.

>>13833072
You're so fucking retarded I'd punch your stupid face if I'd meet you irl

>>13833296
Try it faggot

I am 6'6" and 270 pounds 12% bodyfat

>>13833333
fucking checked

>>13833333
checked quints so it must be true

>>13832572
Where I can buy this shit? I can't find it on binance. Please explain to a brainlet.

>>13833358
>2k19
>no idea about huobi
kek

>>13832572
i went all in at 60 sats

am I going to be okay anon

>may 25th, 2k19
>not holding atleast 500k RSR
kek

>>13833381
ye it's fine, buy now any price, sell when 100x

>>13833381
2.5mm stack

>>13833381
Yes. You will make it if you have at least a million.

>>13833377
>2k19
>not knowing HUOBI is routinely scamming EU/US investors with KYC shenanigans. enjoy your loss anons

>>13833381
You was chinked by huobi, pajeeted by biz and kiked by VCs. Good job fren

>>13833418
i have 2.5m

What price estimates are we looking at?

>>13833429
>2k19
>being in burgerland
kek

>>13833282
That just seems like a really convoluted way to use the dollar then. If their target is third world countries I’d expect the rulers of those countries to be as equally resistant to crypto as it is USD.

>>13833554
There are lots of countries with 20%+ annual inflation rates. Something like this would be considered a miracle there.

Reserve is about to deploy an iOS app that will act like venmo.

>>13832734
IT DUMPED LMAO this shitcoin is a joke

>>13833596
implying huobi whales will let it dump before 50x
lmao

>>13832818

didn't stop xrp from hitting 1$ last bull

>>13833592
>There are lots of countries with 20%+ annual inflation rates. Something like this would be considered a miracle there.
>Reserve is about to deploy an iOS app that will act like venmo.
this

>>13833429
What is KYC? I see it mentioned here often

if someone can clearly explain how the RSR token will appreciate in value as reserve is used, i will throw 50k into this no joke

>>13833758
"know your customer"

>>13833278
also paypal cofunder, etc, etc. they know this is going to be a top crypto

>>13833758

Know your customer, meaning they get your identity so they can sell you out to tax collector

>>13833768
>>13833487

Only got 200k of this badboy, will i make it frenz?

>>13833072
>People are unironically going to use this because central banks fucked up everything and are going to start helicopter money next financial crisis leading to hyperinflation
>Sell target: 2022-2030
>Estimated market cap: 1-5 trillion USD
>Overall a decent long term hold
fucking this. when the big crash comes.. people will buy reserve.. not gold, not bitcoin..

>>13833768
people asked the same thing about QNT

>>13833829
what was your buying price, Ranjeet? I'd say above 65.

>>13833829
you realize governments would have to approve this????? DELUDED

>>13833866
>what was your buying price, Ranjeet? I'd say above 65.
38 cents

>>13833758
>>13833770
yep, basically a way for the NSA and other top law enforcement agencies to collect all your details without buying it off you. Feels good not to have to cuck myself out.

>>13833958
think you mean 38sats my bro.

bought in at 32 sats a few hours after launch here and am hodling for life.

>>13833782
i don't really care about short term
i feel normies will fomo in when they see peter thiel and stripe (just like for stellar) and it will eventually be an easy 20x

>>13833333
>>13833296
Could one of you belligerent fellows explain to me how a stable coin can protect your value, when the US Treasury devalues the dollar?
You have 100K safety stored away, you can buy a Tesla.
Big crash happens
Govt prints money and devalues USD into toilet paper.
Now your 100K can only buy you a rusty bicycle.

So WHY would someone use this coin again?
We already have the solution, just deal with the swings and put all your money in Bitcoin
(BCH)

>>13834084
>doesn't know how inflation works
>doesn't know how the central bank works
>advocates for holding BCH
this checks out

>>13833768
Arbitrage and token burning.

say RSV was trading at $1.02, arbitrageurs could buy $1.00 worth of RSR on an exchange. If there is excess RSV in the Reserve vault, RSR holders could then use the $1.00 worth of RSR to purchase the stablecoin through Reserve’s smart contract. Once in possession of RSV, these token holders could go back to an exchange and sell the RSV at higher market price, making a profit of two cents per token.
Once the purchase is made, RSR tokens are burned, reducing the circulating supply of RSR, leading to an increase in RSR value.

>>13834084
rsv will be backed by assets in 1:1 ratio. Wallet coming next quarter.
Stop spazzing you absolute brainlets and read the website reserve.org

>>13834164
ok, makes sense. what happens in 10+ years when all the RSR tokens are burned? or can they just print more RSR?

>>13834225
rsr has 18 decimals, and the burning is done on dollar value instead of number of rsr, so if rsr is expensive they'll burn less, if it's cheap they'll burn more making it expensive.

>>13834225
are you really considering holding this shitcoin for 10+ years?

Why would you invest in a stablecoin? Are you planning on it to rise from half a cent to $1?

>>13834225
If Reserve want a collateralization ratio greater than 1:1, they can mint and sell RSR tokens in exchange for additional collateral assets

>>13832572
a hashtag, srsly?

I’m def not missing this. I’m also not a retard. I made so much money off coins you all fudded this past few years

People are interested, and most of the fudders have been proven wrong. This was a success. I am euphoric.

>>13834084
From the whitepaper:
>The Reserve Protocol is designed so that once the portfolio of tokenized assets held in smart contracts is stable enough, the Reserve token can transition to representing a fractional ownership of the collateral tokens.
>This option is in place so that if the US dollar starts to depreciate, the Reserve can maintain a more stable value.

This coin is intended to be used by people who don't have access to a stable currency, e.g. people who live in countries experiencing runaway inflation.
If RSV goes off the dollar peg, then it could be used as a hedge against USD.

BCH is obviously too volatile to be used by regular people as a currency. This is a supposed to be a safer alternative.

so right now its trading on huobi, but only for chinese people
on 5/27 they say they will open it up for everyone
any decentralized exchanges like idex where I can buy it currently? just going to DCA in

>>13833252

Dai is on coinbase (a stablecoin).

Tether wasn't listed, probably because it's shady as crap.

>>13833592
>an iOS app


No it's an android app.

>>13834536
no problem for europeans. only americans are circumcised cucks

>>13834572
alright i'll just make a new acc using a VPN. i'm assuming no KYC required, and how much is your daily withdraw limit?

>>13833928

Governments will have to approve Cryto, is that what you are saying?

RSV will just be a crypto, like any other... Why do you think they would need to specifically approve the use of crypto and not BTC/LTC/XMR/BCH/ETH/etc

>>13834312

That's the biz meme.

>>13834582
7 million rsr, but limits for btc and eth are low as fuck. i'll actually not be able to sell my rsr on huobi because of that

fuck, it's a scam!

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

>>13834312
gotta reel in the normies and reddicks

RSR gnna pump u gotta be a full on retard to not see that

>>13835219
It looks locked and loaded ready to pump right now with a shallow sell wall.

>>13835257
lol, it's dumping my friend

get in before tomorrow
https://huobiglobal.zendesk.com/hc/en-us/articles/360000279961--Exclusive-RSR-Trading-Frenzy

>>13835294
Didn't the same promo contest happen with BTT? What happened after that?

>>13835267
Oh we pumping alright, but I'll be nice and let you buy my bags at the top
>>13835294

>>13835322
I think it pumped

>>13832572
pls sirs buy this new stable coin approved of by the central banker jews that is also pegged to a volatile coin that you might make money off of.

how about you kill yourself and go shill plebbit this fucking centralized kike garbage coin?

Didn't this already pump tho? I like it long term, but the shitcoin flippers have already had their way with it and moved on desu.

>>13836548
yeah
>>13835294
PnD damage control. pathetic

>>13832734
my buy in was 5400
i just want out at this point haha

>>13836548
>Didn't this already pump tho? I like it long term, but the shitcoin flippers have already had their way with it and moved on desu.
It's only been on the market like 4 days max lol

>>13833082
Anon...