/biz/ - Business & Finance

>>14969273
comfy

you guys think this has potential to be a stablecoin trading pair like btc/rsr?

>>14969383
probably btc/rsv - rsr is used to keep rsv stable

im not going to invest in a coupon no matter how cheap it is.

RSV is the stablecoin. Given the fact that this group is connected to Coinbase Ventures and Silicon Valley, probably we'll see it on the major platforms

This will make several bizlets millionaires

>>14969401
>>14969423
Yup

>>14969478
I'm ready.

>>14969412
Please elaborate

>>14969478
picked up a bag yesterday

RSR is either going 300x-1000x or it's going to fucking implode. Either way I'm strapped in bois.

>>14969559
RSR is a coupon (to use his wording) that can be used to buy RSV from the reserve smart contract. Whenever RSV is trading above $1 on exchanges, which occurs when demand for RSV increases, you can trade $1 worth of RSR for 1 RSV and sell that RSV for a couple percent profit, which maintains the peg. The RSR sent to the smart contract is permanently burned.
Now imagine that demand for RSV rises into the billions - if it is adopted widely in venezuela, or if exchanges decide it's safer than Tether - billions worth of RSR will be burned to mint that RSV.

>>14969478
There are anons with >5m RSR stacks. If this hits $10 (CTRL+F $10 in the whitepaper) there will be literal yacht parties.
Fuck it, if this hits $10 I will personally throw a yacht party. Any anon who can sign a message from an address that held RSR on today's date is invited.

https://medium.com/@ryancharleston/reserve-protocol-rsv-beats-libra-with-a-stable-cryptocurrency-for-people-who-actually-need-one-99b8bc4b4f23

Good article

https://www.reddit.com/r/CryptoMoonShots/comments/chd7wc/3_potential_moonshots/

It has begun

>>14969616
Pretty much. I'll throw another $400 in and wait patiently at ~350k coins. Hopefully enough to make it

>>14970796
Reddit OP is a brainlet
>The last coin on the list is bitcloud pro. This coin uses artificial intelligence to create a platform where one can trade using the liquidity of multiple exchanges.
Someone stupid enough to invest in "AI based trading on the blockchain!!1!" doesn't deserve RSR. He got lucky.
Thread seems to be getting a good response though. Someone needs to talk about the slow wallet in there to address the supply concerns.

How do I get in on this? IDEX/huobi? I'm new to crypto and wanted to invest in BTC and this, after doing some research.

>>14970994
you should try huobi cuz if u can't even find a website you will prolly fuck it up on idex

>>14969273
where can I buy rsr anon ?

>>14971092
> wonders if deez ninjas deserve to know

>>14971045
?? I was recommended idex by another anon but it seems shady compared to huobi, that's why i was asking.

>>14971134
IDEX isn't shady it just has a shitty UI.

>>14971134
they are both fine, but idex is a DEX so it's a little more confusing. Jump in and see what happens. start small.

if people are buying rsr in big volume on exchanges for arbitrage, wont that alone drive the price to the moon alone?

Can I store rsr on my ledger using mew? Buying in, and don’t like leaving on exchanges

>>14971444
Yes

>>14971133
already found out dw
if anybody is wondering
Huobi Global

>>14969661
ever hear about PETRO in venezuela?

>>14971935
If you have researched RSR even the smallest amount you would know there is no relevant comparison to make there.

>rsr
>not rar
never gonna make it

For US customers, don't waist you time with Huobi Global. Use hotbit.io or IDEX. I'm #308 right now in terms of RSR holdings... will make that number shrink if the price remains where it is or lower.

>>14970994
>>14971092
>>14971444
so many newfags ITT. asking how to find exchanges, how to store it. imagine being this new to crypto and trusting /biz/. kek. somehow y'all got lucky and found the right thread.
t. mid 600's holder

>>14972702
How can you only be holding 600-700 RSR

>>14972334
there's some meme potential there, good work anon

>>14971935
>the absolute state of stupid

>>14972702
I'm new to crypto, not 4chan
easy to spot shills/scams after being here for a while
for example: link

whats the RSR biz discord/IRC, i want to play

>>14972971
zTBYTD

>>14972930
I'd suggest r/cryptomoonshots, they're talking about basically the same coins but without the mindless shilling and durr buy my bags
someone called quant there when it was around 500k mcap

>>14972971
>>14973028
#reserve should definitely be on irc wtf

>>14969423
they are bunch of plebs, they don't even have offices in the valley

>>14973077
Invested by Peter Theil and Coinbase Ventures, and they are scumbag, Sparkster-tier, scam-jeet plebians? Because their address isn't in San Jose?

Unless you're (a) trying to scam people into thinking you're big smart money, or (b) you're already big smart money and you want to stroke your cock, you do not need a vanity address. It honestly looks better to investors if you are intelligently spending your money by getting real estate somewhere that balances efficiency for your workforce, with price.

I am now the 140th largest holder.

$3.5M
Promoted to MAJOR

I hope you guys know this is a 3 year hold

>>14973652
tfw only top 500

>>14973802
Yes.
We do.

i have 6 million you poor faggot go fuck yourself gay

>>14969616
Timeline?

>>14973802
wrong, these kinds of coins always pump once or twice sooner rather than later
>>14973652
jealous, #175 here

I hold 34k. What are you guys holding?

>>14974283
1.5M
hoping that's enough

>>14974283
500000

250k here. I made this OC. Need someone to do the officers...

>>14974283
600k, all in

>>14973802
You think about your 3 year hold, I'll dream about the 1000 year reich

>>14973077
>offices in the valley

Their office is in Oakland dumbass. The coding to their coin isn't complicated. The financial roll out and regulations are. It makes much more sense to be close to airports and the financial district.

>>14974417

>>14970466
What do I need to post to get invite?

>>14969661
>Now imagine that demand for RSV rises into the billions
OH NO NO NO

>>14975459
That you have a vagina

Slightly over 1,000,000

>>14969478
PAJEET SCAM

>>14971092
>>14970994
>>14971444
What happened to /biz/?

>>14969661
Gigachad needs the RSR logo tattood into his pecs

>>14969273
It’s a long ass hold senpai. Don’t get weak hands

>>14970466
I bought Ruth right after the ico dump, I'll hold you to that offer

>>14974197
1-2 years will be $10

Fucking Reddit found RSR

Lmao so the success of this shitcoin depends on third world shitholes adopting it as a currency? LOL good luck with that.

>>14975000
Does Thiel hold 42 billion RSR? Holy fuck if true

>>14977400
No, I mean, probably not
Look on etherscan

>>14977400
He holds the remainder of nondistributed RSR. Oh yeah, doesnt Sergey own 200 mil LINK? Knife cuts both ways, dont it.

>>14977359
You cant into reading comprehension

IF SOMEONE ANSWERS THIS QUESTION I WILL DUMP 50,000 USD AND PUMP THIS COIN

HOW THE FUCK ARE VENEUZLEANS GOING TO USE CRYPTOCURRENCY IF THEY CAN BARELY AFFORD PHONES OR INTERNET

Unless you've been living under a rock, it should be obvious that there is a huge market for a decentralized stable coin. Centralized stable coins are a honeypot for regulator scrutiny.

If this coin ends up becoming popular, the value of RSR will explode. In the whitepaper, a condition that must be met before new RSR tokens are minted is that the value must be greater than $10. That's a 326,057% profit at current price.

>>14977808
https://www.youtube.com/watch?v=iTtiEOg9Sr0

>>14977873
shut up dumbass that would mean its mcap would be one trillion dollars. you think thats possible brainlet?

Anyone have an et for this shit coin. Should i scoop a couple million now or should i wait for my link bags to moon first?

Venezuela is an edge case mostly used to illustrate an extreme example of hyperinflation. RSV will help other nations affected by inflation from deteriorating to this degree.

> that would mean its mcap would be one trillion dollars

No, that's not true. As part of the arbitrage process (when RSV raises above $1) RSR is burned. Circulating supply of RSR will reduce quickly in response to demand for RSV.

>>14969273
imagine thinking thats going to happen before Trust Verse has its explosion. Make better trades shills.

>>14977808
Venezuelans already use crypto, you noob

>>14970466
Waiting patiently for that invite. I assume that in 2-5 years we have all made it.

>>14977808
Venezuelan business owners will start paying their employees with rsv and accepting rsv from customers.

>>14977974
>calls out shills
>shills

I do hope this is at least a mid-term hold. I can't muster up any more funds at the moment and I don't want my measly 17k stack to get left behind.

>>14974283
580K here

>>14974417
Nice work anon saved

>>14977884

Reduction in circulating supply is the answer.

>>14977884
What is token burn

>>14978976
t. 2.7 Mill and stacking

>>14979006
he doesn't know

There's going to be many rich niggers in here if they can be patient

>>14969273
wtf is this shitcoin?

>>14979044

This is biz, we'll dump by 3 sats and faggots will be telling us its over and we got burgerscammed.

pump et

>>14979052
rushing in to scream shitcoin at everything new is a low iq tell

>>14972781
Their wallet is in the mid 600s of holders. Wallet #650 has 256k RSR. Still a small stack, but better than 600 RSR.

>>14979378
Well, 265k RSR could plausibly be 265k dollars one day, so it's not that small.

>>14979393
Obviously. It could also be worth $2.65m one day, but today it is worth less than <$800.

>>14975459
On the day that RSR hits $9.99 there will be a post here, containing a smart contract address.
You will send a 0 ETH transaction to this address. An automated process will check if you held RSR in July 2019. If you pass the check an NFT will be sent to your address. This NFT will be your entry pass to board the yacht.
Encrypted instructions containing the date, time, and pickup location will be posted. You will decrypt these instructions using your wallet's private key and make your way to the pickup location at the correct time. The yacht will be recognized by its name (the All Rights Reserved) and the gigantic Reserve flag it is flying.
Late-comers might be ferried to the yacht by tender at my discretion. Anons holding more than 5m RSR are welcome to arrive on their personal helicopters or pull their own yachts alongside and establish the Reserve Flotilla.

>>14979697
see you there anon

8000

Am I gonna make it bros

WEN MARKETING??????
NEVIN DO SOME MARKETING!!!!!

>>14979697
epic shitpost, if this happens, count me in
RSR chad here

>>14979697
>pickup location

lmao fucking arrangfed kidnap to catch the top holders. fuck off with your honeytrap

>>14979913
you will have 80,000 $ in the future according to the whitepaper

but you should get more than that.

>>14979913
>>14980050
this.

i can only afford 51k rsr at the moment, but i want to get to at least 100k

Bought a couple of more to get promoted

never thought memes would influence my investments

>>14980108
nice

me either but here i am buying almost every /biz/ shill

imagine taking investment advices from southeast asian organ black market BBS

>>14980037
No honeytrap. But you're right to be paranoid. We need to think about security. Perhaps we will form a DAO to engage multiple security teams that can be collectively trusted not to kidnap anyone.
Can a skilled anon shop up an image to use for the yacht party invite? The Reserve flag should be waving majestically. Let's make this happen anons.

>>14980251

why just not make invite in here and everyone who has like over 100k RSR can get their invite to the yacht party, rent super yacht in monaco for like 30 grand per night and invites are checked at the door by security.

>>14980269
needing to RENT a yacht when youre this early in rsr
anon i...

So now that idex is ruined in less than a month, when will rsr be released on another decent exchange?

For US citizens, you can use hotbit.io. If you are from a different country, use huobi global.

The only reason people are investing in this is because of Peter Thiel.. Soo fucking what?

>>14981507
No. Understand the token economics before spewing shit

>>14981268
Why is idex ruined? What should we move to?

It's implementing KYC

RSR is a legit fucking scam used to test pilot the tech in Libra

Imagine investing in this after doing any serious due diligence

Notice how the only people who are bullish are literal newfags

Stay away from this project. Thiel does not give a fuck about this project btw

They've gone against the sage advice of their investors multiple times and think MUHH ADOPTERS is the way for this to work, which is fucking retarded.

Imagine putting your hopes in the hands of retarded beaners. Stay poor like them /biz/

Also it's a complete VC supply scam and MUHHHH Token burn doesn't matter when there's billions of these retarded tokens

None of you even grasp the velocity problem this presents.

Stay LARPing though with your KEWL badges

>>14981842
I'm required to have an account on this "decentralized" exchange in a month. That's a big nope, I'm transferring my shitcoins to a cold storage for now.

>>14981957
>Notice how the only people who are bullish are literal newfags
Bought LINK at ICO, not a newfag
>Thiel does not give a fuck about this project btw
>They've gone against the sage advice of their investors multiple times
Source: your uncle who works there
https://www.youtube.com/watch?v=75Lr9lFEooM
About halfway through the video you'll see them explain how their asset selection strategy is based on the advice given by people who used to run the Harvard endowment.
>>14981975
>Token burn doesn't matter when there's billions of these retarded tokens
Use your brain anon. Whether the supply is 10 or 10 million, burning x% of the supply has the same result.

>only 3% of supply is circulating

Yeah that’s a no for me dawg

>>14982075
wow and i bought BTC in 2012 congrats "oldfag"

i didn't post about their "asset selection strategy" i meant their actual product roll out which leads to adoption

wow, they use a standard capital investment/allocation profile! how innovative

You know, i was talking about that retarded roll out that requires low IQ beaners to adopt a decentralized stable coin (KEK!) when they can't even afford bananas

and having a kid who worked at "credit sesame" (failed startup) as their head of product after graduating from SUNY Albany does not inspire confidence

no one can explain to me how they're going to create adoption besides "merchants will adopt it"

yeah i looked at your dumbass town hall video

their whole c level / founder team has never worked a decent job in the valley either, launching short "hobby" startups that all fail within 1-2 years

They are nothing special and are just another seed funded startup working out of a small space in Lake Merrit, Oakland

This is nothing but another lifestyle startup and you're funding their Blue Bottle Coffees and $13 avocado toast because I live around these literal faggots

>>14982306
> I know better than Coinbase, Peter thiel, blocktower, and more

All of these aforementioned funds utilize their connections to help RSR succeed so they make the highest possible ROI.

But of course you know better and you bought a whole Bitcoin in 2012, so why don't you go prepare a pitch deck for those VC funds and get your big idea funded?

>>14981957
>>14981975
Stop projecting your own low IQ onto others. You made too many invalid points.
>>14982081
Already priced in dawg. Imagine being afraid to buy because of this sole reason

>>14982359
sucking dick of the institutions in play does not make you an educated investor

if you knew a little about the industry you'd understand these deals are extremely overcrowded, irregardless of the progress of the actual product

these vcs throw money at everything with a >5% success rate in order to mitigate their risk

none of this has to do with Reserve's product, and that's my point. They have their funds, now they have to execute (biggest problem in the space) and have shown nothing to be able to launch their South American hopium plans

fuck off and stop trying to question the validity of my posts because i'm anonymous you fucking loser

>>14982306
>wow and i bought BTC in 2012 congrats "oldfag"
If you bought BTC in 2012 and are still here shitposting, you fucked up. You either sold too early, didn't buy enough, or went broke due to having a low IQ.
>i was talking about that retarded roll out that requires low IQ beaners to adopt a decentralized stable coin (KEK!) when they can't even afford bananas
Try and articulate yourself more clearly, then people will respond to your specific points.
One of the reasons people can not afford bananas is because they do not have a stable currency for day-to-day transactions.
A country undergoing hyperinflation is the perfect starting point for a stable currency. These are the people who need it most, and the competition for stablecoins in developed markets is already well-served by USDC/Dai/etc.
>This is nothing but another lifestyle startup
Sure, that's why the team was at Davos talking about Reserve.
>>14982485
>these vcs throw money at everything with a >5% success rate
If RSR achieves their goals a lot of people here will become multimillionaires. Given the current price a >5% chance at getting a few million is a great bet.
>now they have to execute
What part of risk/reward ratio are you struggling with? Have you ever heard of "asymmetric risk"? If success was 100% guaranteed RSR would cost a lot more than $0.003.

>>14979913
I’ve got 150k and I’m not too sure.

>>14982485
lmao this fucking guy

Reserve is the first and only stablecoin to solve the scalability trilemma with good governance. Any brainlet knows that tether and DAI have huge problems. Libra is probably years away now with regulators.

That being said, no one is bothering to issue stablecoins in non crypto markets, primarily because most of the market is in crypto. The reality is that tether's market cap is tiny for a stablecoin. Reserve is already going to be the stablecoin of choice for the crypto markets. That's a given. The real problem is getting the masses to use it. If you can get past that, the market goes into the trillions.

There is no real dominant stablecoin. Tether only exists for people to find safety in the crypto markets, yet it's highly unstable and shady.

This is the first real stablecoin thyy actually fucking works. In a great twist of irony, it has a speculative asset tied to it that's going to make me and the people in this thread very rich.

Even if you hate this coin or believe it will fail, it's still gonna pop from its current MC sometime in Q3 with the release. Not a bad hold for anyone tbqh

Will 500k be enough to make it? I've got holder's anxiety.

I actually feel bad accumulating right now
It's like stealing at these prices. Literally free money

>>14982730
we'll make it

>>14979697
Screencapped this.

> Reserve is the first and only stablecoin to solve the scalability trilemma with good governance

Wat? Reserve is a protocol that aims to eventually be coin-agnostic by supporting all major smart contract platforms. The problem Reserve is solving has nothing to do with Vitalik's trilemma.

The only real solution to the scalability Trilemma so far that I'm aware of is IOTA post-coordicide, but that won't be here for another year or two.

>>14982873

Stable coins are subject to the same dilemma, but the problem is how their governed and how they operate.

I suggest you watch Nevin's talk about why tether, maker, and algos fail.

https://youtu.be/75Lr9lFEooM

Jump to 45:00

140 comments. These threads are very encouraging

75 unique IDs

7.6 mill here.. all in

Nevin was clear in the presentation that he wasn't referring to Vatalik's scalability trilemma. Scalability for decentralized stable coins means: "circulation needs to smoothly scale up with demand." That makes sense.

>>14982663
>actually works
Anon, it’s basically a testnet right now. It doesn’t work. It might someday. But it doesn’t now.