/biz/ - Business & Finance

>>20318969

I don't know desu.

I held some RSR but sold due to all the fud here. May be a legit project though.

>pajeet shill

https://reserve.org/investors

Look at this faggot

I honestly think it's a legitimate project. It has a good team and investors. It looks to solve a real world problem. Will it succeed? We can never be sure. But I bought in.

It's a legit project. Though, on mainnet there are a load of tokens being unlocked so I'm cautious of this. I sold on the last pump and will wait till mainnet now to see how things play out

>>20319007
This. why the fuck would i want my project supported by biz?

>>20318969
The official /biz/raeli coins are PNK, RSR, LINK, RLC, LEND, ETH and maybe XTZ

>>20319007
The last crypto Peter thiel invested in (EOS) did a casual 100x and that was with equity in Block One. Why I wonder did peter physically buy 400M RSR tokens and lock them up for years? He probably thinks it’s gonna work.

>>20319058
Don’t forget SYLO newfag

>>20318969
sell before .01, why the fuck would you want to make money? fucking cuck

>>20318969
Legit enough for Thiel, Coinbase, Altman, DCG and PayPal founders. They all invested.

>>20319058
LINK and RSR are the only biz coins. He is shilling you trash.

>>20319672
True facts

This project was born, bred and lives in silicone valley OP.

The only thing pajeet related with this project will be the initial userbase of the app because they're rolling it out in 3rd world shitholes with worthless currencies first.

>>20319672
RSR and AMPL man myself.

>>20319672
LINK and AMPL.

everyone, and I mean EVERYONE now knows RSR is a placeholder token.

vaporeware.

BUY RSR

>>20320716
Kek, they dont teach pajeets how to spell vaporware in English class?
Who is paying you?

>>20320777
Holy based

>>20320716
>vaporeware

This FUD smells like curry

>>20320791
>>20321022
can u read?

>>20320716
hmm.. very suspect.. did you perhaps buy both of those at the top and lose your ass just before we are taking off?

>>20321085
>will be replaced by a fully functioning token
Can you read English?

>>20319645
Thanks just bought 100k (literally).

>>20318969
>Is RSR actually supported by /biz/
of course:
https://youtu.be/jydF88bwXco

>>20321200
>>will be replaced by a fully functioning token
"""will be"""
hahaha.

t. scam victim

>>20318990
>May be a legit project though.
most definitely is a legit project
they're really putting in a lot of effort and work to make it happen
this is a good tutorial on digital currencies by Nevin Freeman:
https://youtu.be/63_mn5LUo74

"i SoLD On tEh LAsT pUMp" nibba this shit hasn't stopped pumping and then holding resistance close to the last pump.. So when exactly u bought and sold to make real money? Some of us are holding since 0.002 rite

>>20318990

It'll be the biggest mistake you ever made, son.

>>20318969
It's a legit project alright, solid team, excellent investors and quite a innovative stable coin idea, but it's got years before it actually takes off, this is a long hold and don't expect any gains but the potential for the future is massive imo.

>>20320716
kill yourseld AMPL shill

>>20321386
Low effort FUD.
They have the idea. The have the whitepaper. They have one of the best teams in crypto.

Writing the code is the easy part.

>>20321459
>It'll be the biggest mistake you ever made, son.
you're not wrong...
let's hope people wake up this time and get in earlier than they did in chainlink
I swear "pride" was truly blinding people from recognizing chainlink for what it is
I hope that those same mistakes aren't repeated for RSR/RSV and enough people get in earlier.

>>20321677
Every shit hole will use RSV and that's amazing.

Its a solid project but honestly if you expect it to go above 10 cent in the next bull run you are out of your mind.

I bought in at $.003 so I am in pure profit but RSR isn't the end game. RSV is. RSV is just another stable coin.

I can speak on behalf of my mud people in south america that at least my friends and family and putting money in RSV to protect us from inflation when there are tether, dai, and other stable coins.

Not to mention the looming titan that is facebook's libra. There is no one in their right mind that would trust there savings with a no-name company than a multinational billion dollar company. That is the honest truth.

RSR though can make me money but failure to adopt RSV = dead. Just buy low and sell high.

>>20322116
It's a longterm hold anon. I expect this to payout in 1-3 years from now.

>>20318969
>Pajaeet shill
What kind of newfags have invaded in the past year. You should have bought in a year ago when it was one of the only non pajeet coins being shilled. You are a fucking retard incapable of doing your own research

>>20318969
I just bought a 50k stack yesterday. Seems like its backed by Peter Thiel and their aim is to have an easy app to use with it so it's an attempt to bring crypto into the mainstream like venmo and stuff. Enough proof for me

What's the top supposed to be for this? I'd assume due to the day to day transaction angle it would be around $1-$5 right? Nobody wants to spend 10,000 RSR (yenlets btfo) on a cup of coffee

>>20318969
We are all RSRtards now

>>20322116
>spacing
>Its a solid project but honestly...
>RSV is just another stable coin...
what it this plebbit faggotry sir?do you know how wrong all of those statments are? I can't tell if you are trolling or an actual retarded tourist. Oh I see you just got into crypto last week and think you're the wolf of your mom's basement

>>20320195
/thread

>>20322116
> let me just send my grandma money over facebook because she obvious has an account and remembers her password and knows how the fuck to use a smart phone.

They are making an app that can't be censored and is easy to use by everyone. Mpesa in africa is pretty much the play book.

Gonna live off arbing

>>20320195
I'll buy a plate of curry with my earnings once we reach 50 cents, to mirror the Big Mac-Chainlink meme. Screencap this.

>>20322116
>Its a solid project but honestly if you expect it to go above 10 cent in the next bull run you are out of your mind.
I never thought LINK could approach $10 but its getting there. who the fuck knows with crypto.

>>20322184
you shouldn't shill here.. you are doing it wrong.. we got this.

>>20322184
>Nobody wants to spend 10,000 RSR (yenlets btfo) on a cup of coffee
RSR isn't the currency, RSV is. If people are spending RSV on coffee, RSR go up.

>>20321386
If you bothered to read the whitepaper you would know they don't want to launch main net until the app has around 200k users.

They're designing a new paypal, the front end is equally as important as the crypto side of this project.

Theres no point in having an amazing crypto if nobody uses is, for me its a very promising sign that this team understands that.

Same pajeet fud every thread.

I like the idea of a stablecoin backed by tons of assets

>>20322116
>no one in their right mind that would trust there savings with a no-name company than a multinational billion dollar company
>trust a multinational billion dollar company
lol wut

>>20322990
>200k
How would they attain that userbase. Do 200k people even live in Angola? Same with Venezuela, most won't use it except vendors for their supply chain. How and when will they secure 200k

>>20323235
i suggest you leave this thread right now. only high IQ people are allowed in here. you actual fucking brainlet.

>>20321386
HAHAHAHAHHAHAHHAHAHAHHAHAA

>>20323235
Find 10 countries with useless currency.
Get 20k users per country
RSR profit

>>20323235
The population of Venezuela and Angola is around 60m and they're planning on launching in more countries than that this year.

Angola is an interesting one though as they've partnered with 7mobile (biggest importer of phones in Angola) to have the app preloaded on all their mobiles.

From the devs on next countries to get the app:
"We are looking towards USA, Lebanon, Nigeria, Angola and other LATAM countries."

>>20321390
>sells rsv for tokenized assets
can you actually directly buy the collateralized assets with the currency?
that would be extremely interesting

>>20323235
How can you reach /biz/ if you don't understand the basics of Google? Ngmi

https://lmgtfy.com/?q=angola+population

>>20320716
Pajeet detected “vaporeware”

Please leave, sir.

>>20322279
how are they dodging the exorbitant eth fees

>>20323654
>TLDR: in preparation for the self-custody version of our app, we will be forking the RSV contract to add support for meta transactions. In conjunction with the addition of the Reserve Relayer, this will enable future app users to make on-chain RSV payments without the requirement of ether.

https://medium.com/reserve-currency/we-are-forking-rsv-to-enable-meta-transactions-7c711ac5b230

>>20323654
>eth fees
Do your research anons, there will be no eth fees

>>20323654

>>20318969
>It’s entered a gray area where I can’t tell
it's cleverly disguised and fuded by big holders
Yes it's legit if you like fat bitches and holding a satsgang scam token

fuckin stop asking these dumbass questions on hop on. peter thiel a fuckin money god backs this god token. these are fuckin orders from sg. major. hop the fuck on.

>>20321390
Retard here, couple of questions;
1. 'the protocol sells newly minted or excess vault RSV for.. RSR' how will this affect the price of RSR?
3. 'When the vault has accumulated excess RSV, RSR holders can purchase this with their RSR as part of stabilizing the price of RSV' what would be the benefit of RSR holders in this situation? How is this a good thing

>>20323235
Are you a retard?

>>20323999
When did Peter Thiel join satsgang?

>>20324341
Last Thursday. He was inducted at our satsgang weekly meeting.

Peter Thiel had the moon background in the Zoom meeting. such a funny guy.

>>20323913
so its got a magical fabric? or it has a different fee taking protocol layered on top of eth?

is rsr gonna use the eth lightning network lmao

>>20324341
Right after Sam Altman and Coinbase officially took it over. I head Digital Currency Group and a few of the PayPal founders defected tho and started Spectre. RSR investors are cray anon...

>>20318969
Just a pajeet shill, move along anon.

>>20325716
ya.. these fucking jeets.. plz don't buy

>>20318969
it's legit. will be top 10 in 2021

WUZ

>>20326134
Why '21? I thought this was a longer game.
And what's your price prediction for that scenario?

>>20318969
It's the most legit project in crypto since LINK.
Unfortunately, while LINK is the jews, RSR goes against them.
So it's not as guaranteed of a win.

>>20326234
they're working together

https://youtu.be/uLskc_a4iKA

>>20326234
>glorified json parser and centralized tether are top 10
>no way a decentralized project backed by top names can do the same. Not a chance!

>>20327048
Not sure why you greentexted me, I have 10M RSR after selling a big chunk of my LINK stack.
I just think that LINK has corporate support, whereas RSR might face resistance.

>>20322116
>words words words, I think I'm smart

Why are you here? Go back.

>>20326234
>Unfortunately, while LINK is the jews, RSR goes against them.
What do you mean by that? I'm genuinely curious.
I don't see international stable currency as necessarily undercutting US power, if anything it's removing independence of action from governments with their own non-dollar fiat currency.

>>20318969
why dont you try and read something for yourself for once? The white paper is free to read

>>20318969
yes, don't buy

when all RSR is burned, then what? you lose everything

>>20328923
Fuck, thanks anon, why didn't I realise this earlier. Sold all my RSR for DOGE. Many thanks kind sir.

>>20322225
>explicitly state I am Peruvian

English isnt my first language faggot. I at least tried.

>>20322279
As I stated my mudpeople would trust a multinational billion dollar company to keep our funds safe over a no name start up.

>>20323117
Go ask your local third worlders who you would trust your money with. A start up or a brand with global recognition.

Fuck I even said there are profits to be made with rsr.

I say the honest truth and get attacked

oh no no no no ah aha AHA AHAHAHAHA

AMA tomorrow morning with CEO

>>20329787
"How much to make it?"

>>20329771
OH NO A 3% DROP WHATEVER WILL I DO

>>20329771
Unironically just loaded 5 more Eth into this.

is there anyone here that doubts this can get to 10 cents? 20?
Because only that would solve my life.
Living in the third world has it's advantages sometimes....

Holding 800k

>>20330409
why would you want the governance coin over the stablecoin
this thing is for petty tyrant assholes who im sure thiel has figured out how to fleece like the greedy faggots they are

It looks like THE coin in theory. The problem is that of it ends up pricing out scammers it'll either enter CIA termination territory or will be assimilated as the cryptodollar.

How the hell is this thing supposed to take off?

>>20330705
because the stablecoin won't moon?
When I've made it, sure, I might switch gradually to RSV

>>20330906
if the governance coin can moon that means peter fucked up

the thing i dont understand is should i invest in rsv or rsr in july 2020

>be hurr durr
>dolar is invented and is backed by gold
exchange wheat for gold or exchange wheat for dolar

>>20330948
it's literally in the whitepaper dude, not sure if it's been taken out now. But it mentioned RSR at a $10 price.

But reading your previous posts seems you know nothing about this project.

So I think I'll wait for someone else's opinion.

>>20331084
lmao there is no chance for 10$ rsr.
rsv maybe but imo rsr goes 1$

>>20331240
Supply burns off during arbitrage in a 1/x formula and decreases massively.

Numbers projected from economic model simulation, mass adoption scenario circled.

>>20331240
>rsr $1
>rsv $10
you don't understand any of this do you?

na bro, its going to be a 9 billion dollar market cap bro.
Bigger than Tether bro
>this is what RSR holder actually believe

>>20331240
I didn't say it WILL happen, but if it's in the whitepaper, maybe, just maybe the people who wrote it have done the math and put that nice round number "10" as a means to illustrate their calculations, but also to let us know how RSR works and how it can reach higher prices than just fractions of a cent?

>rsv maybe but imo rsr goes 1$
jesus dude are you stupid? what do you mean "maybe RSV". RSV will always be pegged to the dolar,
Eres chileno? porque eres bastante weon

just got to 200k, planning to accumulate to 1mil or .02, whichever comes first. If this hits even 10 cents I'll be overjoyed

>>20331316
Lambos all around if thiel makes this his next paypal. How do you people not see this

>>20331364
thank you for tldr. now i get it. i will buy rsr now

can someone else with more than 2 brain cells please have a discussion with me? When do you think we'll reach 10 cents guys?

>>20331344
yes.. it is what RSR holders believe because after the SDNY/Tether/Bitfinex debacle, and with USDC freezing coins people will flock to a truly decentralized stablecoin with out a bunch of Maker defi crap that gets it hacked. RSV will be that coin because it's decentralized but has integration buy-in from Coinbase and PayPal. I'm going to start fudding again now peas.

>>20331462
mid 2021

>>20331473
Based

>>20331240
is this trolling

>>20331395
whats the recurring revenue stream? the miniscule yield from the rsv getting overvalued?

RSR is a placeholder. Not even a real coin. Seems like a scam. RSV has already forked. I'm sure it'll fork again where RSR is no longer needed

>>20331462
nobody can be sure of that but my question for you is can you come up with different projects that are better to invest in? id like to know what they are.

>>20331642
Low effort FUD. Unfortunately a lot of newfags will fall fo it.

>>20331575
I think so, no one can be that stupid

>>20331694
Agreed. I've made tons of money with AMPL last week, but RSR is a lot more reliable IMO.
I've been holding and growing my stack for a year now.

>>20331743
FUD or a possibility? I own 1m RSR btw

>>20319672
this

>>20321293
https://www.youtube.com/watch?v=uLskc_a4iKA

>>20331084
rsr at 10 dollars puts it at a market cap bigger than eth and btc

>>20331893
By the time this reaches $10 a lot of RSR will be burned and BTC and ETH will be $1T+

>>20331473
i am sorry but my fucking mudpeople don't give a fuck or know what decentralization means.

They just want their money protected and you aren't going to get that from anything in South America and you aren't going to feel safe in a random start up.

>>20324341
Let me see you big juice bag, homo
mmmmmmmm

bros.. I finally bought a 280k stack and it dumps 5 sats below my purchase price. and I thought I bought the dip at 97 sats, lel.

>>20331743
we know who you are working for
smelly pajeet

>>20319672
>>20320114
>no RLC
pathetic

>>20318969
About to get another 50k of this lads

New 24h low. We may have gotten too cocky bros...

>>20331605
You will be able to get revenue from the arbitrage process, there will be arbitrage pools you can put your RSR in.

>>20331960
I’m pretty sure “your people” understand what it means to have a corrupt system hold their funds to prevent them from using it in any way. You keep coming into these threads mentioning Tether, Dai, and Libra. Tether is a fair point, everybody uses it and even businesses in South America use it, but we all know it’s at best 75% backed. Dai is a fucking proof of concept meme currency that matters to no one, and if (as you say) they didn’t care about decentralisation they wouldn’t give a shit about Dai, so stop coming in here with your bullshit. As for Libra, LOL. Every first world country has told Facebook to go fuck themselves. Do you really think they’d give Facebook a currency of their own? A company that doesn’t even know how they’d prevent money laundering with their own currency? Yeah that screams competence, makes you wonder why all their payment partners dropped out.

>>20332672
FUD BTFO

>>20320777
Excellent digits my friend

>>20320777
i can feel your power

>>20331642

>>20320777
Okay, I’m in

>>20318969
It doesn't matter who supports it, they barely support it themselves.

https://reserve.org/blog/reserve-faq

>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. The main co-founder is convinced it will work (big surprise lol). Some others work on Reserve because they like the people and the intellectual challenge, and they really want to make it work if it can.

>Is the RSR token fully functional yet?
>The version of RSR that exists today is just a simple temporary placeholder ERC-20 token. So right now, you can’t do anything with the RSR token other than transfer it to someone else.

what tf actually happens when RSR is phased out, if it's temporary?

>>20333455
Token swap for on chain rsr transactions

Where did all the AMPL shills go?

>>20332672
I guarantee you, they would trust their money with facebook than a no-name start up.

These people barely know what cryptocurrency is.

They know facebook is worth billions of dollars. Fuck the company almost worth a trillion dollars.

The only thing they care about is having something stable when their countries crumbles after one crumbles after each shit election.

Facebook is something even mudpeople in remote andes know about.

>>20334034
When they use the Reserve app they wont even know it is a crypto. It will function just like a paypal or venmo

>>20318969
I've been lurking Biz for a little over 2 years. The only cryptos that have never disappeared from this board are LINK, RSR, and a somewhat VIDT in that time.

>>20334034
>>20334079
Exactly. Why are you even talking about facebook? Libra failed and pivoted into something else, they are starting from zero and will take years to come out with a product that's (((allowed))). Reserve already built up their foundation of users. Main net and global app launching next quarter.

>>20334079
When they use the facebook wallet, they wont know either. The only thing they will know is their money is much safer than a fucking no name company.

Buy now. Sell high. Just sell before libra.

>>20334304
Facebook has millions of users.

RSV has just a bunch of shit tier Venezuelans with app downloads in the thousands

>>20334304
5 thousand total downloads on their app in all of south america

>>20319024
40 bln tokens out of 100 bln total will be unlocked on mainnet. So far only 6 bln are in circulation. Investors will definitely cash out a bit because they were able to accumulate at 0.0005, giving them a 20x from today's prices. Either way, it's got a long road ahead and it's perfectly poised to capture a massive market in the face of widespread currency collapse around the developing world. The app just launched in Argentina.

>>20333383
Please tell me this isn't real. Please?

Is there a non-shill explanation for this RSR vs. RSV stuff? Why invest in a coin that is designed to be obseleted?

>>20334632
i'm sorry fren but the truth can hurt. why do you think us high IQ anons stayed away

>>20334892
It's not designed to be obsoleted. It's a two token system. RSV is what people with the app will use to spend on a daily basis. RSR is like being a shareholder in the stabilization protocol. You will earn RSV by holding and arbitraging RSR to aid in the stabilization of RSV. Buy RSR. It's going to $1.

>>20334892
Read the whitepaper

>>20333383
I'd rather they were honest than lie
sounds like a pure gamble that has a small chance of paying off huge

>>20318969
>Ok im a fucking idiot
How do i buy RSR in the US

>>20334969
No
>>20334950
Thanks
>>20335070
Read the thread

>>20334256
So many have come and gone. Holochads where you at? NEO?

>>20335070
Uniswap is your best bet man. You have to have eth first though to make the transfer

>>20335105
I still think about holochads from time to time. Sad how is been for them. Haven't heard a peep from them lately

Many people fail to understand that once rsv goes into hyperinflation mode, and that will happen, rsr will be incur retroactive burn which essentially means that you will be paying for the purchases individuals made using rsv. Rsv will be regulated by the irs so they can essentially wire tap your tax returns and you'll never receive a tax refund for the rest of your life simply because you purchased a little bit of rsr. The more rsr you have, the more reverse osmosis taxes you need to pay back to the irs, retroactively.

>>20335010
>sounds like a pure gamble that has a small chance of paying off huge
Sounds like a certain decentralized oracle token that took this board by storm.

oof rsr is cratering

>>20335169
Wut

>>20335169
wut

>>20335169
What the fuck am I reading

>>20333383

Aaaaaaaaand I’m out.

Transferred my 200K into 250 LINK. I’ll take my chances with stacking some RLC on the side but I can’t handle fud from the team itself. I gotta sleep at night.

>>20335169
Schizo shit bro

>>20335169
wut

>>20320777
You son of a bitch. I'm in.

>>20335169
oh, behave

>>20335169

So how do I file a double reverse tax return?

>>20334915
>>20335876
Wow, this is bad, like really bad. RSR will never see mainstream adoption with that in the official FAQ. 1 cent max, but except .005 VERY soon

>>20333383
Holy shit I have 5k in something that's basically a coinflip with worse odds?

>>20336232
Self fud from the team in their FAQ
order book shows price about to crash to under .008 with no survivors
RIP RSRlads

>>20336232
>>20336365
Short it, then.

>>20336193
if you read the full white paper and the full faq it becomes more clear that their notion of Reserve “succeeding” means replacing government issued currencies in many parts of the world, which would imply Reserve being many orders of magnitude bigger than any other cryptocurrency. at the current rate of adoption, i’d be very surprised if RSR doesn’t 100x within the next few years, but even if it manages a 100x and then stagnates, according to the whitepaper, the team would have failed to achieve their goals.

>>20336232
>>20336193
you guys are retarded. the team has commented on this before. They put it in there because they are trying to not make the same mistake as ripple and sell an unregistered security.

>>20336440
okay good idea

>>20336502

This, read into Peter Theils zero to one strategy, either go for a big monopoly or go home

>>20324046
Because you get paid $1 worth of RSV for every 1 RSR you burn to bring the price of RSV down to $1 after any positive fluctuations, and can sell 1 RSR for $1 worth of RSV for prices of RSV under $1. You basically make money arbitraging it. I imagine this will be automated like staking at some point. I saw a calculation somewhere saying that at $1 RSR 1,000,000 tokens will net you a passive income of $50-100k in RSV per year.

>>20329588
perucho de mierda.

indio inmundo.

>>20329680
es por el color de tu piel.

>>20336656
Argentino de mierda
Chupasela a Peron

>>20336541
reading the zero to one book is definitely helpful for understanding how to invest better. companies that give the greatest returns either have small visions and get very lucky (ebay starting with just pez dispensers but building a critical base of users that allowed them to monopolize second hand/collectible e-commerce) or have grand visions from the beginning (amazon starting with just books and then music, but with the intent of selling everything). when peter thiel founded confinity, the company that eventually merged with x. com and became paypal, their vision was to create a digital currency that subverts government issued currency. they failed their goals completely and still became one of the most successful companies of the dot com era. this is why i’m not really concerned if there’s a 90% chance of reserve “failing,” when failure probably means at least a 100x