/biz/ - Business & Finance

Haven't bought in yet because it looks stagnant but definitely a coin I'm keeping on my radar. I'll see how it performs after the app is launched. Seems pretty legit overall, it's just too soon to tell.

Someone mentioned Dusk could make this irrelevant but desu I have no idea

Think its a pretty obvious 10x with this one.

>>14964750
why ?

>>14964809
if the app is successful in Venezuela then it's easily 10x or more. mass adoption of the app is going to both help people and provide proof of concept for the entire project. this means that they can take what they learn from Venezuela and apply it to every single country since Venezuela is #1 when it comes to inflation rates

it's still hard to know how the Venezuelan Government will react to it, but that's probably one of the reasons they're trying to stay under the radar. the more they can do without drawing attention to themselves the harder it will be for the authorities to try to stop it if it starts trending or going viral or whatever.

but that's just my two cents

>>14964991
Is the venezuelan infrastructure stable enough to support crypto?

Do they have reliable electricity and net ?

>>14964809

>Good team (founding members of Paypal)
>Powerhouse investors (Coinbase, Peter Thiel, etc.)
>Regulatory compliant (SEC commissioner on advisory board)
>Similar concept to some other stablecoins, but far more scaleable

Their payment system and stablecoin pairing will be deployed in September, at which point RSR will undoubtedly rise in price.

Since RSR is a collateral token, it will eventually reach a point where it trades inside of a predictable channel, which would make it a good candidate for swing trading. It also has some kind of passive income model, but I don't know much about that.

IMO worst case scenario is you break even on this. Best case scenario is 300x or more.

>>14965009

Nope.

https://www.theguardian.com/world/2019/jul/23/venezuela-blackouts-new-normal

>>14965014
And there is no other coin that might snuff it out ?
Stablecoins aren`t really a new concept.

>>14964738
> DUSK
Seems too complacent to really be a disruptive technology

I don`t like compromise

>>14964991
This.
They actually have a video in rheir youtube where a venezuelean person is explaining how they will use RSV and CITIZENZ to fix the whole economy. And how they have american investors in NYC looking into it. Its really interesting and it seems like the government wouldnt mind but idk.

>>14965009
>>14965026
Venezuela is probably the worst case scenario so if they have any amount of success there it's going to go a long way. It's extremely ambitious to try in a place like that, but I guess they're going to go big or go home.

>>14965076
Of course another stable coin could theoretically come and snuff it out, but I don't see one doing what they're trying to do by putting boots on the ground... I mean, it's the freemarket and for crypto it's still the wild west so anything is possible.

>>14964809
10x just from hype regarding Peter Thiel + coinbase connection combined with very low mcap. It may go much higher if successful but I'll be pulling out at 10x personally.
I'm not all-in but I moved most of my LINK gains into this and feel reasonably confident about it.

>>14965014
You know it can be released sooner than September right? App/rsv are set to release in Q3. It could be today, next week, August or September.

>>14965249
Are you me? I only need a 10x gain from here to never work again in my life and still live in a first world country.
I rode link from 30c to 3$, and now I'm in this.

>>14965199
so there is nothing comparable right now ?

>>14965274
I'm gonna need a 50x to never work again but 10x gets me comfy enough to just be freelancing part time.
Also I sold at $2.80.
Otherwise checks out.

>>14965014
>IMO worst case scenario is you break even on this. Best case scenario is 300x or more.
this

>>14965310
Libre is the main competitor and I figure at rank 270 or wherever we are Libre hype would help more than hinder.

>>14965337
>Libre
Do you mean Libra ?
Or am I retarded ?

They don't need Venezuela to be successful. Once the stable coin gets listed on binance and every fucking top crypto exchange, DO YOU REALLY THINK WE ARE GOING TO BE TRADING AT 30 SATS.

THINK MOTHERFUCKERS. USDT IS A FUCKING JOKE.

This will be a transparent stable coin backed with actual collateral. WOULD YOU KEEP YOUR MONEY WITH USDT OR SWITCH TO RSV/RSD???

RSR WILL DETHRONE TUSDT AS #1 STABLE COIN AND WE MOON.

This will create legit hype and awareness for Reserve protocol. We are a top 10 coin in the making. May be even top 5. Once all the poor keks see reserve has successful revision, they will use the shit out of it. We will become as popular has bitcoin. RAD WILL BRING CRYPTO MAINSTREAM!!

Take out TUSD...wich has daily volume in the billions.

Last 24 hour trading on TUSD was
19 BILLION

IMAGINE RSR PRICE WITH 10-19 BILLION TRADING VOLUME.

DO YOU THINK WE WILL REMAIN AT 30 SATS BRAINLET??????...

sold all my link to buy 500k. time shows will link form a cup and handle and are we going to get a dead cat bounce to double top but rsr definitely looks juicy for sudden pump.

RSR will pull a 10x or even more. The stablecoin RSV is what crypto needs. I'm heavily invested in this one.

>>14965364
yeah i think he meant Libra

RSR is a scam at worst, money grab at beat. Realize that 99.99% of all new coins are just money grabs. It tags literally 5 minutes to create an eth token. The website and the marketing are most of the project. You could make money short term by riding pump and dumps. But look at the charts of every P&Ded shitcoin. Most of the gains happen in a short amount of time, then it slowly bleeds forever. If you missed the pump, move on. None of these shitcoins will reach even small scale adoption (I'm taking about all the new shitcoins like ONE, FTM, deflationary token scams, etc). Face it, don't fall for the scam.

>>14965431
I don`t want to try and ride P&D but how confident are you that this is one ?
Did Coinbase invest into P&D before ?

Do you think we will remain at 30 sats once RSR is listed on coinbase??

RSR WILL BRING CRYPTO MAINSTREAM NOT ONLY TO POOR KEKS BUT NORMIES A LIKE CAN UNDERSTAND IT.
This isn't some stinky brainlet oracle project or internet of things 20-50 years away from mass adoption.

RESERVE usecase is very much needed and INDEMAND

Reserve is what crypto was built for

FOR THE PEOPLE BY THE PEOPLE

STABLE COIN LAUNCH WILL PUT US ON THE MAP. Normies everywhere will be talking about reserve the FACEBOOK LIBRA KILLA

CRYPTO AND NORMIES WILL USE RERSERVE STABLE COIN over TUSD

RESERVE WILL BE TRANSPARENT AND BACKED WITH ACTUAL ASSETS.

WE ARE MINIMUN TOP 5 PROJECT IN THE MAKING ANONS

DO YOU SERIOUSLY FUCKING THINK WE REMAIN AT 30 SATS ANON??

>>14965431
>>14965457
it's all a scam until it's not.

here's the image of the app in it's early stage. if it's a scam then they're doing a good job of getting coinbase ventures and peter thiel to agree to use them on their scam page for an early pump and dump. im sure thiel is hurting for 500k from his shitcoins when they unlock in 2020.

>>14965457

That's a classic tell of a shitcoin scam to have some celebrity endorse it or a vague "partnership" / investment from some company.

>>14965486
how will it kill Libra if Libra has such a big partnership advantage ?
Normies follow convenience, what makes RSR more normiefriendly than normiebooks own "just tap the screen and things happen" currency ?
Any partnerships envisioned ?
Any strats on how to beat Libra ?

>>14965249
>10x just from hype regarding Peter Thiel + coinbase connection
priced in faggot

>>14965511
>>14965516
libra has no partnerships. guess it's also a scam coin?

https://www.coindesk.com/facebook-libra-backers-are-not-official-partners-yet-says-visa-ceo

>>14965511
Didn`t answer my question.
Would be a good answer if the backer was Ariana Grande or some uneducated rapper

>>14965516
libra is going to be getting cucked royally by both dems and reps in congress. there's a bipartisan effort to prevent big tech from having any kind of control over currency that's what will stop libra.

>>14965529
Interesting.
Why do you think the other big guys are holding their horses ?
Not enough trust in Zucc ?

>>14965547
Maybe.
Is that the only hurdle or no ?

>>14965542

I'm taking about Peter thiel, who probably hasn't thought about this shitcoin for more than 5 seconds.

>>14965573
I am talking about Coinbase, couldnt care less about Thiel, any thoughts on that ?

also does anybody want to challenge

>>14962001

>tokenomics are shit and Libra will BTFO of it. seriously, look at it. the RSR token is used purely for arbitration on the stablecoin that hasn't launched and tokenized money market securities that don't exist. plus they can mint new RSR to literally dump on the market if their securities default.

>the only reason for the value to increase is speculation.

>>14965565
>>14965565
the U.S can make it illegal tomorrow for big tech like Facebook to have any involvement with any form of crypto and that's that.

as for libra itself, im not fully informed on it, but i dont think they're going to try and target high inflation areas the same way as reserve. i dont think they're trying to move away from centralization the same way, and while there's probably some overlap even if libra doesn't get fully cucked by the us government it's going to be operating in a different space.


>>14965624
>if their securities default

yes, as a fail-safe

there's not going to be any dumping without prior knowledge via smart contracts

>the only reason for the value to increase is speculation.

the value will increase based on the fact that tokens will also be burned (removed from circulation) by the reserve protocol as people take advantage of the arbitrage opportunities.

there's obviously some speculation, as with all things. we all speculate about price even with things like gold or silver. the "value" of those things can go away if enough people stop speculating on them, other than the value they might have for making things like circuit boards to mine more crypto.

stablecoin backed token for cheap?

>>14964622

>>14965942
who/ what is the vault manager ?

They have a nice idea about adoption.

7$ for every business someone refers that accepts RSV . And 1 to 2$ for everyone they refer.

7$ in venezuela is a lot

>>14965994
anybody have an idea about their financial situation ? That sounds like a fuckton of money has to be paid out before the coin is adopted on grand scale

>>14964622
>Any use case that won't get snuffed out by other coins ?

Libra coin has the same use case.

Wait for August, everyone will fomo to this coin. This is the future of cashless society as a true decentralized global currency.

>>14964622
KEK
Can't believe this thread is still alive. That's when you know its time to get into something like Kleros.

Fuck this shitcoin RSR.

US government will support this. Why do you think Peter Thiel is here? Why Trump advisor is here? US government is targeting third world countries using this currency. I think whole fucking FBI and CIA involve into this.

>>14966544
>PLZ BUY MY BAGS

>>14964622
fuck jannies

>>14966594
unironically holding these bags for the next bull run. Only idiots would not. PNK is one of the top bullish alt coins, end of story.