/biz/ - Business & Finance

Right here baby. 22 million holder..This coin is going to be the next coin biz talks about after ethereum, ant shares and chainlink. They have the most powerful wallets and brains in silicon valley backing them along side Peter Thiel. Not only have they been compliant to every rule the SEC has established they even hired an advisor from the SEC to the reserve team. This is the most obvious moon shot in all of crypto by far.

>>14736554
>they even hired an advisor from the SEC to the reserve team.
source?

>>14736524
looks promising. going all in

>>14736524
Can someone explain the validity of this token Google is pretty vague also where can I trade for it

Houbi...soon enough every big exchange in the US

>>14737073
burgers can trade it on IDEX
its easy to figure out

they've got some videos/interviews you can watch

has a lot of potential. don't miss the boat

If it stays at current prices i'll be buying 150k next payday. I am excited about this one.

https://reserve.org/our-team

About to get a 300k STACK, wish me luck fellahs

>>14737270
this is literally free money and all /biz/ does it shill fucking link.

biggest moon shot in a long time.

>>14736524
Discord PND.

Buy PNK.

3.8% circulating supply worse then Ripple+Steller combined. Would only buy if Devs did an airdrop to all holders what are their plans?

>>14737438
Good one, Nelson.

RSR is the ultimate chad, self-sustaining stablecoin. Or you can spend your Libra for gamergirl bath water from pic related. The choice is yours, anons.

>>14737257
Holy shit, we got a whale here.

I'm all in but only if we all agree to shill this hard

>>14737257
got some free money here if anyone wants to help me claim it

>>14737572
This shit speaks for itself really, no real need to shill just spread awareness

>>14737572
can meme this to the moon

>>14737618
Doesn't even need our shilling, this moon mission launches itself once the RSV start being minted and RSR gets burned.

what does this coin? Is it backed to REN?

Is 65k enough to make it?

>>14737636
Scroll down and check out the team everybodies white this projects going to the moon

https://reserve.org/

>>14737270
None of these people impress me except the advisors it's just a bunch of ex corporation startup kids most of their credentials are "hey I worked for Google I have to know what I'm doing" meanwhile Google and other big companies will hire literally anyone

reserve millionaire here... i believe

>>14737680
Ok call it off guys Rajesh here isn't impressed

>>14737675
it's a stable coin, why should the collateral go to the moon, nigger?

some of those mongoloids look like they can code but if this is a stable coin what the fuck?

>>14737796
M8 are you rarded? The collateral gets burned and deflation occurs. When it's not being burned price will be speculative like any other coin

>>14737881
''the price will be speculative''
This speculation should let the coin apprecciate because.. ?

>>14737796
Jesus if this is how dumb people are then I'm gonna be fucking rich holding RSR

Only way rsr succeeds is if we have chainlink quality memes

>>14738118
it will easily make it to litecoin numbers but the memes will take it to the moon

>>14738118
memetic egregores don't just summon themselves. Get to work reservists.

>>14738118

Can anyone talk in depth about this project outside of the coordinated telegram shilling going on

Retard here. I got 150k and want to store it in electrum wallet. This is an erc 20 token right?

>>14737447
Hey my name is Nelson. I'm all in link dude, fuck off

>>14738191
Honestly the videos they put out are explanatory enough and the whitepaper is a pretty easy read. One of the most approachable projects desu

>>14738244

Another Nelson? W a ck, what are the odds

>>14738276
I can watch them if I want, but I want to know if the shills can explain it, or have any knowledge of it whatsoever...

>>14738276
Also, shitty Hannah Barron meme dude. Do better.

>>14738118
I actually agree with this

>>14738369
It's hard being able to hold all these bags

>>14738191
Better more capable replacement for tether. Buy now or forever hold your peace.

>>14738392
ok I'm sold, you've said it all and more anon.

The best part of RSR is that Reddit knows nothing about it. Thank fucking god

>>14738406
>>14738392
If we're going with analogies, then "facebook libra but actually decentralized" is more accurate.

>>14738420
Jesus the memes are terrible I would not buy this coin if you even could remotely use photoshop

>>14738406
The major problem with the majority of stable coins at the moment is many of them dont have the capacity to actually scale when the crypto market cap enters into the trillions. This bullrun we're in right now will see massive adoption of stable coins as anons begin selling off into them at the ath. What the Reserve protocol manages to accomplish is the establishment of a regulatory compliant stable coin that has the ability to scale for world wide demand and a crypto market cap exceeding 100 trillion. For these reasons, and a long list of many others, smart money is in on this dark horse early, and make no mistake - marketing for Reserve will kick into high gear in Q3 and many nu-bizlets will miss this boat.

>>14738453
OP here. I dont do Photoshop so yeah we need some help with the memes

>>14738469
>marketing for Reserve will kick into high gear in Q3 and many nu-bizlets will miss this boat.
ontop of this the price is hitting big lows on Idex right now so ideal time to buy I'm watching the charts and about to dive in

>>14738469
This explanation is turning my ear. I disregard a lot of these kinds of threads because of the FOMO marketing hype when post after post is praising a coin. Can't ever tell who the pajeets truly are nowadays. What made you sold on this company's idea? What makes you think they will actually be implemented and used?

>>14738453
and what memes have you produced?

>>14738526
I wouldn't waste my time making shitty memes for a coin that would likely drive people away from it.

The only dominant stable coin is tether, and its one of the least trusted entities in crypto. It's also completely unknown to no crypto users. Tether also has no speculative asset tied to it. Tether also only represents the US dollar.

Reserve solves all of these problems

>>14738515
1) technical viability and soundness - whitepaper checks out
2) backers - speaks for itself
3) team - highly technical autists (EA community too, they're actually quite good at getting stuff done and are a bit of a global cult)
4) external validation - facebook libra is using the same system but centralized, it is similar to maker dao but solves some of the problems
5) Hannah Barron supports it

Can we get someone to make all the future reserve tokens? We have RSV and RSR. But what about RSD, RSYuan, RSYen, RSE etc

>>14738548
you're stoopid. tether is a scam that is imploding as we speak. a non-usd stable coin like RSR might actually be useful but some shitcoin anchored to another dying shitcoin is not going to be helpful in the near future.

>>14738507
no photoshop yet. but ill contribute a moon meme

>>14738515
>former SEC chairman as an advisor to Reserve
>Coinbase Ventures is backing it and Reserve will likely be listed on Coinbase in 2020
>approved of by the United Nations
>Peter Thiel holds 15% of the total supply of RSR

What are the alternatives right now in terms of stables that ppl actually feel comfortable using?
>Tether - caught red handed in actual fraud, confirmed for not 1:1 backed by USD, in a legal battle they will ultimately lose, literally counterfeit fake money - centralized and totally worthless - used to fuel pnd ponzis

>DAI - devs cant actually keep it stable, incompetent team, can never scale, 100,000,000 debt ceiling, very very small supply, used mostly for margin CDP based loans

>USDC - made by a company that failed at their crypto business so they decided to just focus on USDC, redflags, entirely backed by the USD so when the USD hyperinflates all USDC will literally be worthless - good luck holding those depreciating bags

>TUSD - same problem as USDC in that its backed entirely by USD

etc etc etc

Reserve is the most advanced stable coin concept to date. It's a reinvented MakerDAO that actually succeeds where Maker failed.

so this is the pnd of july?
nice, still practically bottom, i can put my 5x from vidt in here

>>14738576
yeah I'll have to read the whitepaper. I'll stay up to date with it. The team looked sound, the advisors too. That doesn't always mean anything though, as you can see from some other projects that are floating in piss right now. I do appreciate your hannah barron memes though, even if they're made in MS paint

>>14738548
or what this dude said

imaging not being all in a 12m mcap decentralized version of facebook libra backed by coinbase, peter thiel and silicon valley with it's app & rsv launching this quarter

if this shit works biz will be the next ruling class

not only are we going to get rich... we will be helping so many people.. they can use rsv as a store of value.. bitcoin is too volitile

>>14738612
Meant to point out that Reserve is backed by a basket of stables, other assets, and RSR as collateral. So, when the USD does hyperinflate (and it will because its the biggest shitcoin on the market right now, dyor) Reserve wont be effected and will retain its value. It's the safest currency concept you can possibly store value in and its going to be so fucking huge that everyone around the world will be using it since everyone is having the same problem with fiat currency, its depreciating because its all backed by debt.

Will there be an incentive in holding RSV?
(other than the fact it will be stable)
Also do we know on what they will base the value? An average of a few selected currencies or something else?

>>14738617
preciate it anon, the memes will improve. Personally I'm not too concerned since there is always limited accumulation time.

>>14738612
Where do you get the idea that it'll be listed on coinbase by 2020? And plenty of billionaires hold a fuckload of many coins. They have the ability to do that, especially because the returns are retarded for their investment. I'm not interested in stupid shit like that. I wanna know if the product is solid.

>>14738710
>Will there be an incentive in holding RSV?
The high IQ answer to elite minded /biz/raelites is yes.
Huobi is currently developing a DeFi that will utilize RSV.
This information was not released to the public but the partnership with Huobi was big for Reserve.
Huobi is all in on it, and there is a 100% chance that RSV is being integrated into their DeFi solution.

So yeah, holding RSV in the Huobi DeFi will earn you passive interest.
Higher interest than any normie bank in the US or Europe.

And it's rumored that Hannah Barron holds a 100 million bag of RSR.

>>14738728
>Where do you get the idea that it'll be listed on coinbase by 2020?
Because RSV will literally be the only stable coin that isnt actually a shitcoin. Thats one of the main reasons that Coinbase is backing it, do some research on stables and see for yourself.

>>14738629
i know, i just wish i had extra shekels to invest.

>>14737601
still need 4 frens to help. free money on the table. every little bit helps. lets get rich boys

Comeon /biz even us poorfags can get a heavybag of this I've only been waging again for 6 months and I'm putting my savings into 1 million

>>14738772
i will send you 4 FrenChain (FREN) if you post an ERC20.
its the most priceless crypto you can even hold.

>>14738741
Definitely not finding any source on this. Also I hope this stupid bitch will get murdered.

What about the "basket of assets" that RSV will be pegged to, any info on what that will be?

>>14738820
Don't worry anon, I'll help you out.
https://finance.yahoo.com/news/huobi-target-decentralized-finance-public-104031972.html

Just try to read between the lines if you can.

>>14738762
Ok I'll do some research. Thanks for leading me in that direction so far. 'preciate your good will and info

>>14738820
tokenized assets with value provided by chainlink. So for now ERC-20s, BTC, and stablecoins, then as more traditional assets get tokenized (think securities, real estate, currencies etc...) those will be thrown into the mix.

Holy fuck you Reserve shills are so fucking bad. Does it ever get boring talking to yourselves?

>>14738762
>only stable coin that isnt actually a shitcoin
this

>>14738858
Join the conversation anon, stay awhile.
Have a cup of sweet tea and some fried catfish with us as we make newfrens rich, and oldfrens even richer.

PRECIATE YALL SKEPTICAL RSR INVESTORS!

>>14738858
You're a wormy cocksucker

join the RSR discord for the meme workshop
and up to date research and news on RSR happenings

jyXx96Q

>>14738858
Put forward your counterarguments, until then you're a huge faggot

>>14736524
>All these incredible catfish memes
Cornbread? Anyone?

I think this is going to move within the next 6 hours, descending wedge is in play.

Just picked up 300k will watch if it goes cheaper I'll get a mill

>>14736524
Comfy on 8.5MM. I kinda want to get to 10MM though.

>>14739412
- Peter Thiel: 42,000,000,000+ RSR
- Commander: 500,000,000+ RSR
- Hannah Barron: 100,000,000 RSR
- General: 50,000,001+ RSR
- Lieutenant General: 25,000,001-50,000,000 RSR
- Major General: 17,500,001-25,000,000 RSR
- Brigadier General: 12,500,001-17,500,000 RSR
- Colonel: 7,500,001-12,500,000 RSR
- Lieutenant Colonel: 5,000,001-7,500,000 RSR
- Major: 3,500,001-5,000,000 RSR
- Captain: 2,500,001-3,500,000 RSR
- First Lieutenant: 2,000,001-2,500,000 RSR
- Second Lieutenant: 1,500,001-2,000,000 RSR
X<><><>X<><><>X
- Sergeant Major: 1,000,001-1,500,000 RSR
- Master Sergeant: 900,001-1,000,000 RSR
- Sergeant First Class: 700,501-900,000 RSR
- Staff Sergeant: 500,001-700,500 RSR
- Sergeant: 300,501-500,000 RSR
- Corporal: 100,501-300,500 RSR
- Specialist: 50,001-100,500 RSR
- Private: 1-50,000 RSR
X<><><>X<><><>X
- Subhuman RSRlet: 0 RSR

It's always a pleasure posting with a Colonel in the RSR Space Marines!

PRECIATE YALL!

Extremely bullish thread

redpill me on this right the fuck now

>>14736554
>>14736524
Are you guys LARPing? I do hold half a million, but are there really anons who go into an unproven coin with $75K? I know there are anons flashing 100K LINK stacks, or claim to hold 7 REN nodes, but I always wonder if that is just lazy LARPing to attention-whore.

>>14739784
U said thus sane exact thing last thread. This is starting to feel like a biz pnd.

>>14739805
except it wasn't me

>>14739795
95% of all posts in this thread are the same paid shills. Says it all.

DON'T FUCKING INVEST!

Haven't you noticed how they all say the same things day in day out? "GEE WHIZ GOLLY GOSH ANON JUST BOUGHT ANOTHER MILLION SO GLAD TO BE IN AT THE BOTTOM"

"GLAD REDDIT DOESNT KNOW ABOUT THIS ONE"

"WE NEED CHAINLINK MEMES GUYS"

"COMFY"

Just fuck off will you?

>>14737680
>meanwhile Google and other big companies will hire literally anyone
Yeah doc, he's retarded.

>>14739849
dont worry anon, reddit has no idea about RSR.
its still dark horse, you have plenty of time to accumulate before Q4 marketing goes into overdrive.
no need to fud your fellow biz frens.

PRECIATE YALL RSR ACCUMULATORS!

>>14738629
>imaging not being all in a 12m mcap decentralized version of facebook libra
No one scared that Libra will marginalize RSR?

>>14739795
Real enough for ya?

>>14739849
Rsrlet detected go buy some vid pleb this thread is for future millionaires only

I literally just accidently came across this site for the first time. Never even heard of biz before. This is my first post. Definitely going to check out RSR. Apparently I am a nu-bizlet. Hopefully this isn't some sort of complex scam convo. Fuck it, who cares. You had me sold at Hannah Barron. Now just figuring out how to buy.

>>14739929

I own VIDT aswell as RSR, we aren't all bad :(

>>14739918
you behind the news? the SEC/FED have now halted Libra completely by now imposing that Libra be registered just like any literal BANK is. the project is meeting resistance worldwide and its more likely that Libra doesnt even launch until 2021 if ever. and by that time Reserve will already have first mover advantage and even normies know to stay away from FB scams so Libra is dead in the water anyways.

But the real redpill on Libra is that FB is using it to avoid paying taxes, by turning its profits into Libra and avoiding the USD. FB is doing this because they are in lots of financial troubles. long list of countries suing them, declining user rates, advertisers suing them in a class action, advertisers abandoning the platform, etc etc.

Libra is a last ditch effort to save the sinking ship that is FB. but dyor thats all the spoonfeeding im doing tonight.

>>14739924
Wow, a screenshot totally convinced me.

>>14739929
le future millionaire meme. Cool, where did you learn that?

>>14739935
Plausible. This is an organic thread. Sorry to doubt you all.

>>14739849
>DON'T FUCKING INVEST!
Get lost, moron

>>14739935
Idex see the screenshot above you posted by that RSR Major. It's the best exchange anyway no bullshit login problems.

>>14739924
Respect my friend. Would you explain what makes you so 100% certain?

I do have roughly $100K in crypto. 10K LINK, 300K REN... But it was totally clear those are projects without too much competition.

I also own ~500K RSR, but honestly, the competition by USDT and Libra (and MKR) scares me. Not sure I would go that deep in right now.

Or are you the gambling type?

>>14739948
>the SEC/FED have now halted Libra completely by now imposing that Libra be registered just like any literal BANK is
Yes, but either that gets lifted, then RSR has stiff competition. Or it doesn't, then why would RSR not face the same regulatory hurdles?

Again, I am holding RSR, not trying to FUD. I just seek to understand the risk appetite some seem to have here.

>>14739924
>he stores his $16k on idex's account
*wheeze* you're making a bad case for yourself

>>14739953
Sigh... watch 0xA3778ceBa80b1E8a7FA4AA0C525AD758b757F18a

777,777, then the rest.

>>14740013
I transfer back and forth semi regularly.

>>14740007
Look, the main use case for Libra will be for thots on FB to con their beta orbiters into buying and sending to them. It's a centralized shitcoin whereas RSV is the evolution of the stable coin, decentralized, independent of the USD, actually stable. Libra will never be decentralized, and it is implied that the wallets supporting Libra will have the ability to FREEZE a users holdings. No one in their right mind would use Libra for a long list of reasons. Compare the whitepapers and see for yourself. Reserve as of today is the most advanced and best iteration of a stable coin there ever has been. Just wait and see for yourself in Q3.

>>14740007
This is so close to the floor, with so much potential that i had to go all in. Plus the timing couldn't be better with how sick everyone is of Tether, and the last thing people will want is another centralized stablecoin like Libra. I see RSR as what DAI should have been from the start.

>>14739849
Isnt that 95% of every post in every thread on biz though?
(don't own a single rsr)

>>14739811
Wow, I never saw that discord plot twist coming.

>>14740007
Another thing you are probably not thinking about is just how many ppl got into crypto in 2017 and have been bag holding ever since.
These people are waiting for the next ATH bull cycle to SELL OFF INTO STABLE COINS.
Presently, with all of the stables combined, and if the market TA is correct for this bull cycle, there ISNT ENOUGH STABLE COINS TO GO AROUND FOR EVERYONE TO SELL INTO.
Do the math, and use some common sense.
So, the DEMAND for RSV to scale higher than USDT is actually there and it will happen in 2020.
RSV will flip USDT as your veteran crypto investors and traders will be selling into the savest stable they can possibly sell into, RSV.

dyor tho and dont just take my word for it.

>>14740093
Libra will be used by 2 billion people and they will use it ALOT. Doesn't matter whether it's better or worse than other shitcoins. Normies couldn't give a fuck about other cryptos, They will use it because it's convenient and has a use which will subsequently give it value and therefore elevate it as one of the global currencies.

>>14738612
How has Maker failed? In what ways is Reserve better than Maker?

>>14739849
Kek alright my man. We actually bought this shit and want biz to become part of this x10. As if I'd try to shill it to dump on biz with +20% profit or something.

This is the plan:
> Biz accumulates.
> RSR goes on a pump.
> leddit finds out.
> Telegram pajeets find out.
> Price goes x10.
> Biz dumps on leddit and telegram pajeets.

>>14740148
>Libra will be used by 2 billion people
no sweetie. FB doesnt have 2 billion actual human users.
several months ago it was confirmed that more than half of FB reported users are fake accounts, bots, etc.
that little tidbit is one of the major reasons a major pool of advertisers are class action suing facebook.
most of the data they have reported over the years has been entirely false, inflated numbers.
FB isnt as big as you have been led to believe.

i cant even believe i actually responded to your pathetic libra shill. just kys and get out of this thread immediately.

NOT PRECIATED.

>>14740149
I've already answered that in this thread but its because Maker relies on CDP's and because of this it cant scale to global demand conditions. MakerDAO is literally only used by traders at certain times to use it as a margin depot. Beyond that, the rates are so absurd that only a fool would ever think of using it. dyor tho but ive already fed you enough.

>>14740149
Lets just look at DAI for a minute, shall we?

Look at those lows. Doesn't seem very "stable" now does it sweetie?

So it would appear, that MakerDAO has failed yet again. And this isn't something new either. Look at long term historical prices for DAI. They have serious issues keeping it stable. The only way they can really do this is raising the rates. It has more problems than a tranny trying to figure out which public bathroom to use.

>>14740093
>Look, the main use case for Libra will be for thots on FB to con their beta orbiters into buying and sending to them. It's a centralized shitcoin
But so is XRP and they are one of the most successful honey traps. Libra has onboarded tons of credit card companies and banks. One of the main use cases will be to replace Western Union international transfers, I guess.

>>14740136
>how many ppl got into crypto in 2017 and have been bag holding ever since.
These people are waiting for the next ATH bull cycle to SELL OFF INTO STABLE COINS.
Again, why would they not either sell into USDT (which get printed) or Libra. I did my research on RSR and do own them, but honestly, one entitiy like FB going into the stable coin realm with backing of banks and cc companies gives me second thoughts.

This could easily end up another REQ

>>14740244
>This could easily end up another REQ

Req did like a X10 before becoming totally destroyed. I aint mad if that happens.

>>14740426
*X20

>>14740426
And I didn't sell my 50K stack ;_;

>>14739953
Yes, this is an organic thread. Now just trying to figure out who is shilling who here.

Alright here's the scenario anons:
It's the height of the bull run, the bull market is about to peak or maybe it already has.
The price of RSR in Bitcoin is ___________.
The price of RSR in USD is ___________.

>>14739971
Thank you, checking it out now.

>>14740180
No you didn't already answer it in this thread. Your first mention of Maker in this thread is
>It's a reinvented MakerDAO that actually succeeds where Maker failed.
>>14740239
All stablecoins will have volatility sweetie. It doesn't mean they failed.
Agreed that one risk for Maker is that it currently relies almost entirely on traders wanting leverage.

>>14739935
>buy ETH on crypto.com app or coinbase pro
>send ETH to your ERC20 metamask.io wallet
>go to http://idex.market click balances
>deposit ETH using 4+ more gwei than the current gas limit
>go to RSR/ETH pair
>buy RSR
>go to balances, withdraw to your ERC20 metamask wallet
>hold for 4 years
>reverse process to sell on a centralized exchange with much higher volume
>sell your RSR into RSV
>send RSV to your metamask ERC20 wallet
>login to the Huobi DeFi
>supply the contract with RSV
>earn a passive 6% interest on your RSV
>profit massively

thats as detailed as im willing to get right now.
but follow that and you should never have to work again assuming you get 1MM RSR right now

>>14740617
Sorry but I've already given enough examples of why MakerDAO has failed in this thread.
I get that you are probably a fan boy or a bag holder, I am too but I'm liquidating my position and so should you.

DAI doesn't scale and it never will.
MakerDAO is so complicated it will never see normie adoption.
The rates are so fucking high to even use it, you'd have to be mathematically illiterate to even really consider it.
And yeah, MakerDAO is a tool for traders, its not a system designed for global adoption as a day to day currency and safe store of value from the volatility of deflationary fiat currency.
I think you already know all of this and are just being a bit of a bitch about it.
But whatever dude, go long on whatever you wanna go long on.

>$0.01 by the end of August

>>14740634
Holy shit!

>>14740634
>rsv interest
Sauce?

>>14740768
>https://finance.yahoo.com/news/huobi-target-decentralized-finance-public-104031972.html
Huobi partnership with Reserve was big time.
It's an implied bread crumb that Huobi is developing the DeFi to encompass RSV as its primary stable of choice.
Nothing has been made official regarding this so its just smart anons connecting the dots.
Remember Reserve is still in the dark horse phase but all that ends beginning of Q4.

>>14740675
You mentioned Maker for the first time in >>14738612. This post is the first you've actually elaborated on your reasoning, so good job there.
>I think you already know all of this and are just being a bit of a bitch about it.
Fuck off with your attitude. I asked a simple question and responded like a pretentious twat because you mistakenly thought you had already answered it. Yeah I hold Maker and I'm open to learn more about its competitors. On first read through the whitepaper looks ok, so now I have an RSR bag too. Relax, not everyone who asks a question is disagreeing with you.

>>14740791
Come on man, dont be so ignorant about it.
The CDP system MakerDAO uses to prop up DAI is the major indicator that the whole system cant scale into anything other than a tool that traders use.
That's the dead giveaway right there I just don't know how you can't see that at this point.

Also see this post: >>14738668

>>14740768

you can use rsr to back rsv

>>14740791
And to be entirely fair we're talking about one thing really in this thread:

>Global currency

MakerDAO was never designed to be a global currency whereas Reserve protocol is being designed exclusively for that use case.
And please dont make the argument that a 1,000,000 total supply of Maker is going to scale globally when compared to the 100,000,000,000 of RSR which in this system they are the counterparts to eachother.

It's a no brainer which one could scale into trillions of dollars worth of market cap.
The main issue with DAI is that for a stable coin, its actually volatile.
And that, friendo, is a bad thing when we're talking about stables.
Not only is the design of the Reserve protocol next gen, it fixes the problems that Maker has currently going for it.

>>14740826
Well the Huobi DeFi seems to be on track for being a real DeFi so it will use smart contracts and CDP (collateralized debt positions) in which users will deposit or supply the contract with RSV and be able to take out loans at high APR. However, if all you do is supply the contract with your RSV you will be earning interest on it similar to http://compound.finance DeFi - so between 5%-8% interest on your RSV supplied to the contract seems about right. Just depends on how much is supplied to it and how many ppl are taking out these loans which in turn pay you interest on your supplied RSV.

Hope that explains it in better detail for >>14740768

>>14738453
Photoshop Anon here
I have ~10 memes pressed for this
Will start shilling next Tuesday when I finish stacking my bag

>>14741088
better hurry friend. feels like we dont have much time left before the uptrend resumes.

>>14741100
I know I fucking bought BTC through Coinbase and it takes forever to clear

>>14741088
>Photoshop Anon here
>I have ~10 memes pressed for this
>Will start shilling next Tuesday when I finish stacking my bag
based

>>14740837
>And to be entirely fair we're talking about one thing really in this thread:
>>Global currency
>MakerDAO was never designed to be a global currency whereas Reserve protocol is being designed exclusively for that use case.
>And please dont make the argument that a 1,000,000 total supply of Maker is going to scale globally when compared to the 100,000,000,000 of RSR which in this system they are the counterparts to eachother.
>It's a no brainer which one could scale into trillions of dollars worth of market cap.
>The main issue with DAI is that for a stable coin, its actually volatile.
>And that, friendo, is a bad thing when we're talking about stables.
>Not only is the design of the Reserve protocol next gen, it fixes the problems that Maker has currently going for it.
this

>>14741125
Fucking coinbase. Most of the time I just buy through an instant service. Bit more mark up but I don't miss shit.

>>14738469
>marketing for Reserve will kick into high gear in Q3 and many nu-bizlets will miss this boat.
>>14739898
> you have plenty of time to accumulate before Q4 marketing

make up your mind

>>14741209
this

>>14741209

marketing takes time to build up so yeah whether it's late Q3 or early Q4 doesn't really matter you're just nitpicking

>>14741267
this basically.

with the marketing really starting to get around i think we'll see a price target of around $0.05 by end of year if not more. and then some anons will become priced out of major gains. either way its accumulation time until then.

>>14741397
What prices do you predict short, medium and long term?

>>14741561
By 2021 we should see a $0.40+ RSR
as by this time it will have already been listed on Coinbase and all major exchanges.
Its a long value investing position.

Estimates on the rate of RSR burns is 2%-5% per year in USD based on increased adoption rates.
And that figure is taken from a Reserve developer from the following post:

>We estimate that about 2-5% of the USD value of the RSV in circulation will be burned in RSR per year. This comes from estimates about RSV velocity (for the transaction fees) and average collateral token appreciation rates (for thinks like tokenized treasury bills). So it's just an estimate.

>This means that if there are 100 million RSV in circulation, we estimate that about $2-5 million worth of RSR would be burned per year. If RSV grows larger, the rate would be higher, e.g. with 100 billion RSV, that would be about $2-5 billion worth of RSR burned per year.

>This is one of the subjects we are lookign forward to explaining in depth in one of our Rights-holder Update calls!

Based on the projected burn rate, that target price I just posted is a conservative figure.
Absolute long term in the 8-10 year range would easily clear $4-$8

>>14741626
>sed on the projected burn rate, that target price I just posted is a conservative figure.
>Absolute long term in the 8-10 year range would easily clear $4-$8
that's a 10,000x-20,000x. i'm holding all the way like i did with bitcoin. i dont think it will take as long as 8-10 years though

>>14741671
Well, if Reserve is widely adopted on a global scale and it does become what it aims to be, a world reserve currency, then the sky is the limit for the price of RSR. Either way its a relatively low risk high reward vehicle right now.

>>14741799
yeah, i am accumulating rsr like crazy rn

I see the pajeet telegram tranny shills are in full force today

Stop shilling this absolute garbage please.

>>14742202
salty no rsr-er spotted.

I've already lost almost everything by trading RSR. Spare yourself and just hold whatever you entered with.

>>14742420
Yeah Yeah

>>14742480
How? It basically has been fluctuating between .0024 and .0035 since it got on Huobi? Did you sell at the low or something?

>>14742480
wtf how.

>>14740837
I'm not entirely convinced this is a Maker-killer but I picked up a bag for a long term hold as it does seem like a promising project. I'll be back to say thanks if it works out.
>And please dont make the argument that a 1,000,000 total supply of Maker is going to scale globally when compared to the 100,000,000,000 of RSR which in this system they are the counterparts to eachother.
I agree on some other points, but this claim is specious. We are talking about 1,000,000 total supply of a token which is divisible to 18 decimals. Of course it scales, it just means eventually we will see burns of 0.000000000001 MKR. Claiming otherwise is on the same level as someone who thinks you have to buy a whole Bitcoin.

>>14743201
>How? It basically has been fluctuating between .0024 and .0035 since it got on Huobi? Did you sell at the low or something?
he must have been some of these retards who keeps looking at the chart and selling after dips and buying after pumps lol

based.

Peter thiel, coinbase, silicon valley an a chairman from the SEC all are apart of this project

High IQ thread. Thanks for the info OP. MKR is absolute shite, no question.

>>14736554
LMAO

>>14741799
asymmetric bet at its finest.

Once RSV moves off the dollar peg it should instead be pegged to the price of one McDouble.

>>14745000

>>14745000
>RSMcD

OP Here

175 replies in a thread about a RSR. I'm pretty happy with the discussion here. Looks like /biz/ is starting to take this aeriously

RSR is one of the only cryptos that could go parabolic into the top 5 from its current position.

>>14744690
>Peter thiel, coinbase, silicon valley an a chairman from the SEC all are apart of this project
this. it's going to 10,000-20,000x over 8-10 years

>>14740007
I own 4M RSR but thats 1.8% of my portfolio. Planning to accumulate to 5% (once link bounces probably). I'm keeping that number purposefully low for the same reasons you're concerned about. Might put more in after a successful Q3.

Apparently some big news will be dropping at some point today.

>>14745391
Source?

Check AfterShock Token. One of the best projects in crypto history !

>>14745391
>Apparently some big news will be dropping at some point today.
no need to larp

We shall see in a few hours.

>>14745625
Nonono, tell me what you know!

>>14739426
Brigadier General reporting in

>>14745909
>Nonono, tell me what you know!
rsr will 20,000x organically. doesn't need larp