/biz/ - Business & Finance

>>22139838
I'll start. A ton of tokens have not been released yet.

>>22139838
it has really boring transparent shills who you wouldn't want to get stuck in a lift with...

100 BILLION

>>22139838
Ran by commies

>>22139838
Reserve is unFUDable

Retarded usecase that'll never take off

>>22139838
after you become a multi-millionaire from investing in RSR, hot sluts will want to fuck you 24/7

so you might get a little dehydrated from all the fucking, that's a serious problem to consider

>>22140767
this really, the idea is that they’ll convince people to use it? how?

>>22139838
It's overvalued because the token does absolutely nothing right now. App downloads are at 5k or so? There is a lot of dumb money in it because twitter fags shill this non-stop. Dumb money means weak hands means dumping at the first sign of delay or trouble for the team. Which rest assured will occur. Team has delayed mich already compared to earlier set deadlines. Mainnet was supposed to be out already. Now they don't even have an ios app or on chain transactions. Team is not comoletely convinced the Reserve vault will work. It runs on ethereum so has to deal with bloated chain. Solutions that are in place for them now will not suffice if they plan to scale more. Everybody thinks it will be listed on Coinbase soon but they can't because US exchanges can't list it. This is priced in while it won't happen. Expect dump.

>>22139838
it's ran by based boys

RSV will only work if they switch course and try to take over tether rather than brown countries.

>>22140820
>expect dump
I'll expect to take a dump on your girlfriend's face, and then pay her 3 RSV for her services

>>22141095
rsv will connect brown countries to crypto indirectly with paypal. there's no competition there, there's no "tether app" that directly lets you purchase crypto with paypal. the rsv app is like a pseudo-decentralized exchange. you know how binance keeps getting btfo'd from brazil? good luck trying to kick out a decentralized app that connects you to any exchange in the world.

>>22139838
nobody has ever refuted this

because it's right

>>22141445
there's been at least 4 to 5 threads completely debunking this. i should know, i debunked it myself

>>22141445
"muh rational market participants wont buy rsv above $1 peg" lol you people are literally retarded

>>22141468
>claims to have bebunked this
>no proof

ok bro
nice way to defend your shitty bags though
just say things and don't back them up, then everyone will believe you

>>22141445
High concept FUD

>>22141445
Just get the fuck out. You had over a year to buy below a penny

>>22141567
once i proved the premise is false that's all that needs to be done, have you never used logic before anon? the fud starts from the false premise that all markets are rational all the time and people will go out of their way to only act in a fully rational way during times of volatility. this is clearly wrong, if the markets were always rational nobody would ever make any money.

Why would international banks allow RSV to dominate low income countries?
If banks don't take it, mainstream businesses won't use it. If mainstream businesses don't use it, there can only be an underground/niche market, and there's no place in the underground market of low income countries for Internet funny money when they're barely able to feed themselves.

>>22141445
as far as I know they plan to move to another stablecoin pool if the USD hyperinflates.

Also you're assuming all the stablecoins in the pool are always worth $1 and never fluctuate themselves

>>22141757
t. the one retard who doesn't understand the protocol

>>22141735
IMF/World Bank also gives those countries huge incentives to use usd, why would they give that up for some epik bullshit coin that doesn’t do anything

>>22141962
>>22141735
it's the other way around anons, people will be ditching their fiat and moving into rsv. who gives a fuck what banks want. once you exit your fiat positions you can enter any crypto with it. all banks are moving towards digital currencies, where have you been the last year?

>>22142049
>people will be ditching their fiat and moving into rsv.
but WHY rsv
please respond

>>22142132
we're talking about brown countries still right? that's where the app is launching. rsv is currently the only token that you can directly purchase with paypal. again, where the fuck have you guys been for a year+ ? lol holy shit

>>22141445
>staying in RSR up until then
lmao
people are gonna get in on it because people are gonna get in on it

>>22142186
>the app
How many people in low income brown countries even have a smartphone?

>>22141445
>both of which are expected to occur YEARS from now
right, the market prices in risk-adjusted future value. this is an argument for why RSR is not worth $1 right now, not an argument for why RSR should be worthless

>the Reserve foundation will ALWAYS have first actor advantage
this assumes that the Reserve foundation will somehow be motivated to fuck over RSR holders at every opportunity, which is unlikely considering that the foundation members and backers are all heavy RSR holders. also what is the mysterious mechanism for this perpetual first-mover advantage? not explained

>Rational/educated market participants will mint RSV rather than buy
how exactly would random market participants mint RSV?

>the protocol will mint AS MANY RSR NECESSARY
except the supply is strictly capped at 100 billion, and will decrease over time as tokens are burned through arbitrage. they cannot mint new RSR.

this reads like word salad slapped together to scare idiots who get intimidated by big words

>>22142289
More people have smartphones than houses or running water. Have you ever been to a shithole country for a vacation and left the resort?

>>22142289
most people in low income brown countries have smartphones. Venezuelans do not live in mud huts you fucking moron.

>>22142132
>>22142186
over the last year+ the team has been working on creating a network/infrastructure where you can purchase rsv with local fiat currencies (shitfiats) like the bolivar in venezuela and the peso in argentina and the peso in colombia. these are networks of money traders (forex). they're basically acting like local btc but for rsv and found ways to accept paypal payments directly to the app. this puts them at a distinct advantage to exchanges that require bank transfers to buy crypto. they're now in the process of moving the app out of beta testing and moving their off-chain rsv into on-chain rsv. the

>5000 downloads

fud is simply because they aren't open to the public yet, the current app (pre-update that's coming in 5 days) is not able to handle the amount of traffic that's being generated, that's why they actually had a small crash about 1.5 months ago because they were getting too many requests from users.

there is literally so much demand for rsv that they had to upgrade the entire app just to meet the demand.

so you're asking me why people would choose rsv. i don't know anon, it's literally the only game in town. so you tell me.

>>22142289
most people have smart phones nowadays regardless of their economic situation. smart phones are literally being thrown in the trash because we have so many of them in circulation. you could go to a dumpster today and find a smart phone for free if you wanted one.

>>22142487
this info is getting my dick hard, where are you pulling this from?

>>22142487
a temporary solution for desperate people living in a parish state doesn’t paint a convincing picture that rsv can do what it purports it will. for pretty much every other country in the world that isn’t a failing state, the big banks in the process of digitizing their own currencies are far better poised to take advantage of the gap rsr is trying to fill

>>22142726
Watching the latest interviews and reading the AMAs. Keeping up with the Twitter. Just general keeping up with it.

>>22142759
>parish
*pariah

>>22142726
just follow the project. this is what they've been doing for the last year, read the updates they've put out and read the blog posts.

>nevin talks about being similar to local btc
>they look to hire forex guys in the countries they launch in
>they have paypal integration on the app to buy using paypal depsoits
>you can even pay for netflix and dish network using the app
>amazon gift card purchases are coming

there's restaurants that accept rsv as payment in venezuela and they've been releasing the app in colombia/argentina and so on.

soon they'll release the app on all of the 7mobile phones in angola (millions of new users over the next couple of years who would otherwise not have access to something like the app store)

get ready for all the partnership announcements, if this is getting you hard you're gonna bust several nuts in the coming months

>>22142759
>>22142782
well anon, venezuela has been a shithole for several years and there's no sign that it will stop for another several years. ill take my chances.

and colombia isn't a pariah it's just not doing well economically, the same for argentina and brazil. the only "pariah" is venezuela and any of the sanctions are limited to individuals (individual sanctions) so there's no sanctions against the entire country which would deem it any kind of "pariah". you're really reaching, i get it, you missed your chance to buy more than 1M rsr, but it's too late, just buy what you can now and stop being a faggot.

>>22142954
>>22142759
furthermore, they are only releasing in venezuela first to prove a point that they can function under a hyperinflation environment and act as a solution to the problem once it happens. the goal of rsv is to act as a hedge against inflation so the final plan is to roll out rsv in various countries and eventually have a world-wide release.

a secondary consequence of this will be that once people in the 3rd world "pariah" countries have access to the app they will request payments from their 1st world family via the app itself and this is how rsv will tap into the remittance markets. it doesn't make sense for the family to send dollars that they will just have to exchange for local fiat again anyway and it doesn't make sense to carry around a bunch of cash in a place like venezuela where you can get mugged or killed just so they can rob you. so the next best thing will be for them to send using rsv.

once the app is released in its entirety i will be contacting the team with a business proposal for a non-target country that they might be interested in but rsv will go world-wide. mark my words.

>>22142954
if I see rsr bridge the vast chasm between south american pseudostates and the actual global economy, then I will concede the point. until then it’s a pipe dream anon

>>22143115

Its an extremely ambitious project which is why the opportunity to make a fuckload of money is there

>>22143115
if you don't think south america is already part of the global economy then you're just not a smart person anon.

>>22142759
>the gap Reserve is trying to fill will be taken over by big banks
No, because big banks are still subject to international law and citizens can be blocked from purchasing other currencies. Crypto being immutable is a huge advantage over banks that will not be able to do the same thing without attracting a ton of attention with accusations of trying to subvert other countries, something that governments just wouldn’t want. Not to mention Reserve solution for the remittance market is much better than anything anybody else has produced, this alone is a trillion dollar market and I believe it is Reserve’s true target. Having near 0 fees when your next best competitors are still charging over 10% per transaction is huge.

>>22142954
>>22143089
Venezuelan here, told my dad about this he is buying a shit ton

>>22143115
>"i will believe it when i see it"
compelling counterargument bro, you just got btfo'd

>>22142891
The action on this coin is so covert. It is like a snake positioning itself so quietly and carefully that when it is finally ready to seize there is no stopping it. The avalanche of money this thing will generate when they finally hit the switch will be epic.

>>22143197
you're gonna make it fren

>>22143115
by that point, it will be far too late to invest. seems like right now is a good time tho

>>22142487
Fukin based

>>22143214
oh god anon. i was just about to say. if you think "muh yield farming" is insane just wait for the amount of yield we're gonna be farming from venezuela/colombia/angola/brazil and so on.

while these idiots are farming vegetable memes we'll be farming entire countries

>>22143289

Lebanon and Turkey are also having currency problems, any other countries to add to the list?

>>22143313
I wish I could use photoshop to make these memes.

someone please make a yield farming meme where it's rsr yield farming the planet. ok thanks

>>22143316
They’re looking at Lebanon already. Tho nothing solid / official yet.

>>22143332
https://www.photopea.com/

>Guys, listen. Dozens of these hedge fund managers are just pretending to be invested in this. Coinbase ventures didn’t do anything productive. There is no need for payment processing and remittance in the third world. Bitcoin will take off in Venezuela, just mark my words. It will just be another 10-15 years and then you’ll see. RSR is dead in the water. There is no need for the token. It will never hit $1. Just sell now it’s a garbage product.

Listen to yourselves anons.

>>22143368
yep i heard about this a few weeks ago too. and i believe one of the team members went over to istanbul for a conference

>>22140437
this is unironically the most convincing fud.
> muh burn
it doesn’t matter.
> muh market neutral slow unlock
it doesn’t matter.
even if the tokens are hardly dumped at all, let’s say they’re almost all used for arbing, market cap is going to be so fucking bloated with 50–90 billion more tokens in the circulating supply.
we’re going to be top5 with the _same price as today_.
how do you like the optics of that?
> but.. but XRP in 2017 was...
oh fuck off

>>22143419
except over 50B are slow locked so it's more like "muh 50B" not "muh 100B"

when you're yield farming the entire planet you need more than 100m tokens anon.

I’m gonna let you in on something because I’m sick of people falling for these VC token scams. Reserve's total market cap is almost 90% locked up making its true market cap in the billions with barely any room left for growth.

Nevin Freeman the CEO of Reserve just recently unlocked roughly 30% worth of the circulating supply for "exchange listings" although they’re on record saying that no listing with Binance will happen (except on their DEX) over policy issues and the legal advisors say they’re still YEARS (at best) away from a Coinbase listing over regulatory issues.

There will only be a few more washtrade Chinese copy paste "decentralized" exchange listings like we’ve seen. Remember, the Reserve team is VERY adamant about US citizens not buying they’re token over SEC regulations.

This is what "Rangers" don’t want you to know, Link had already passed all the legal loopholes and was even one of Coinbase’s first alts sanctioned for trading in NY.

This is a startup funded by mega rich VCs who seem to be the main focus of the token's promotion yet they have just as much capital invested in upwards of hundreds of other different investment vehicles (including plenty of other crypto tokens and crypto related company stakes).

Unfortunately, this startup was worked out a year before all this COVID19 uncertainty had caused every major economy in the world to start thinking about making their own digital currency. The US has now forecasted that their own digital dollar will be in full use within the next 10 years.

The US has absolutely every incentive to keep countries dependant on US dollars, there will be digital USD phone apps coming to areas of economic distress much faster than Reserve can pull off the lobbying required for "regulatory compliance" with the SEC. Reserve is now competing against big government.

There’s no reason to think anyone would choose to use Reserve over government backed stablecoins in a time of crisis.

>>22143485
nice copypasta nobody cares fud faggot.

replace rsr with btc and this fud makes just as much sense. governments can't stop digital currencies, which is why they're bending the knee. the dollar is on life support and they're desperately looking for an exit plan. covid was part of that exit plan.

>>22143197
Jokes aside, I really am venezuelan and I can give some proper info on the country that might be useful to other anons. Crypto is huge there, genuinely. Among the poorer class they trade regularly to make cents because that's enough to help them go on life, but now the country started using USD that's given from family (and drug cartels but you didn't hear that from me) to boost the economy. Basically, people only use USD now in venezuela and now there's a dollar inflation going even inside the fucking country. Now, why would RSV be something useful? Venezuelan economy is at this point more akin to an anarcho-capitalist state with no communication between merchants, meaning that every single product relies on a "name your price" kinda deal. People just sell shit at whatever price they feel like based on what they think the USD should be valued at. A stable coin like this is ideal for venezuela, since people would be able to buy and sell products at a commonly accepted and acknowledged price. One thing to note is that chinks own venezuela more or less, which is why there's so many random warehouse filled to the top with miners. Also because of this Xiaomi has really good deals in the country and most of the people there have them, meaning that you can rest assured on venecos having apps on their phones. The thing that bothers me however mostly has to do with electricity outages and how fast the transactions are. If they are not fast enough people my still use their unverified paypal accounts to make the money. And finally, does it work with onlyfans? Unironically where a lot of the money comes from

>>22143485
I remember this pasta.

>>22143614
it's the same desperate anons trying to fud. so sad

>>22143465
which is still nearly a 10x in market cap from increased circ. supply alone. how will people judge the “room to grow” at that point?

>>22143485
>they’re on record saying that no listing with Binance will happen
I mean, you're going to be that lazy and not edit this?

>>22143485
> binance will never happen.
kek this pasta didn’t age well.

>>22143583
Oh and if you want to shill this shitcoin you can go and shill it on the venezuelan hispachan board https://www dot hispachan dot org/ve/catalog dot html

>>22143718
if you're using the market cap as your only indicator with regards to a global currency that is used in several countries by potentially millions if not billions of new users then i don't know what to tell you fren.

how will you judge "room to grow" ? rsr has it all anon.

>staking
check
>yield farming
check
>real world use-case
check
>decentralized (DEFI)
check
>deflationary
check
>insane high profile backers/investors
check
>incoming coinbase listing
check
>mainnet around the corner
check

>>22143743
>>22143819
it's copypasta fudders, they don't read they just spam

In the last 24 hours I’ve lost 1k to a rug pull scam, been catfished and rejected by the girl who catfished me. And then still bought a homeless man a burger on my way home. I hold RSR and I’m an autistic retard who will never ever ever make it.

>>22143819
The only reason to fud RSR is to get a lower buy in point, greedy at best

When this pathetic fud is not working, how these seething trannies do not accept defeat and buy in is truly a social experiment

>I will not buy until sub $56.00
>I will not buy until sub $10.00
>I will not buy until sub $3.00
>I will not buy until sub $1.00
>I will not buy until sub $0.30c
>I will not buy until sub $0.03c
You are here
>I will not buy until sub $0.02c
>I will not buy until sub $0.01c

There is nothing unique about Reserve. The only reason it has reached this price is because of Peter Thiel's connection to the project. So it depends on one guy. If he leaves, the project slides into obscurity. It's value is almost entirely based on hopium. The app is shit and almost no-one uses it. This is an academic project, no more.

>>22143992
if you hold rsr you will make it.

>>22144030
this is what desperation looks like

>>22144070
>24 posts by this ID

No, THIS is what desperation looks like.

>>22144037
I can’t trust anyone on this board anymore, the only prediction I feel certain of now is that I’ll kill myself within 5 years

rsr is illegal to own if youre a burger-- crazy how few people realize they will.be taxed at 55% if they cash out after the coonbase listing..

>>22143910
oh i’m not talking about anyone who actually does their research. but at some point we’re going to need brainlets and pajeets to pump our bags. and i’m afraid the supply / to-be-bloated market cap is extremely off-putting to dumb money. so much that they simply won’t buy in.

>>22144124
Don't do it fren. We'd miss you.

>>22144037
I can’t trust anyone on this board anymore, the only prediction I feel certain of now is that I’ll commit neck rope within 5 years

Fuck it. You guys were right about LINK I'm putting $1000 into this.

>>22144136
i thought it was 62% yesterday anon. LOL

>>22144186
now this is a sell signal.

>>22144147
that's what memes are for fren. at 5-10 cents ill roll out some more memes that will teach the low iq's about rsr and why the MC doesn't mean shit when you're yield farming the world's reserve currency.

>>22139838
The Tranny

>>22144232
don't do it anon, we're at at cusp of another leg up soon

>>22143992
it's alright anon just think of the gainz

>>22144281
we recovered to exactly where we were last night when i posted this chart.

>what dump?

exactly, rsr held up like a fuckin chad coin and it's respecting all the fundamentals of this TA analysis so far. the next leg up will give us at least another 80-100% increase. take profits at .05 psychological resistance and rebuy at the 3.5 - 4 cent retrace and once we turn 5 cents into support we will hit 10 cents. if we hit 5 cents before coinbase listing 10 cents is in the bag. don't be surprised.

>>22143992

Sounds like you will 2bh

>>22142954
>missed your chance to buy more than 1M rsr,
I can't believe you used to be able to buy 1m rsr for less than $3k

What the fuck happened biz

>>22144471
>if we hit 5 cents before coinbase listing 10 cents is in the bag. don't be surprised.
What if we hit 10 cents before coinbase?

>>22144574
God I wish I could go back and buy more

A suicide stack costs $30k now

What the fuck biz

>>22142132
Once rsv is decentralized fully and depegged from USD and backed by a basket of assets and stable coins it will be inflation proof and will retain its value over time instead of evaporating like poverty federal reserve notes that literally cant be redeemed for anything.

>>22144682
im trying to be conservative but we've seen 30 and 60 cents on okex, that's why they want that extra liquidity on coinbase

>>22144788
>60 cents
Hnnnnnnggggghhh

>>22143485
Low tier control C FUD

>>22144827
i have a small bag set for 60 cents just in case we spike randomly because i know it will correct quickly so i can buy back a few million rsr with the profits if the sell order gets triggered LOL

>>22139838
Nevin Freeman is a basedboy leftist that has a huge dildo colection in his secretroom. Anyone who bought RSR was giving free dildos to Mr. Freeman.

>>22144944
>can't attack the project so he attacks "based" nevin LOL

>>22144944
Hey, didn't write basedboy, wtf.

>>22143992
100% true story, once a homeless man gave me a burger out of a plastic bag on a metro bus and I ate it.

>>22145002
You have AIDS sire

>>22145001
HAHAHAHA NEWFAG

>>22144991
We did the same with Sirgay.

>>22144944
Checked, Nevin is fucking based, thank you for your kind words friend

>>22145027
G.A.Y is filtering to basedboy? Let me see, gay.

>>22145023
I did that like, 12 years ago and I still haven't died

>>22144715
How much is suicide stack?

>>22145934
100k
1mil

probably soon to be
50k
500k

>>22139838
cucks providing liquidity to VC millionaires

>>22146351
It doesn't fucking change newfag. It will always be 100k
1Mil.
Sorry you Ledditers can't be with the cool kids

>>22146549
Seething for what reason though, I said it is 100k/1mil

How high will this thing go bois?

>>22140776
You may also become undernourished from all the exercise and production of ejaculate. That can be very harmful.

Also, what do if US buyer.

>>22146745
I want to know as well. Im a US citizen and ive been buying RSR here and there. How fucked am I going to be when I cash out?

>>22147001
Not at all, no one cares.

>>22147001
the whole "US citizens aren't allowed to own rsr" is the biggest joke fud in the history of RSR. it's the final cope fud they have before rsr pulls another 10-20x and leaves them in the dust.

there's absolutely nothing anywhere that says you can't own rsr as a US citizen. it's exchanges and the team that can't sell, not the other way around, they can't stop people from buying it and they can't stop you from using a vpn to buy any amount of any crypto you want.

as for paying more in taxes to cash out, again, retarded as fuck. you wont pay any more in taxes than you would if you bought eth or btc and then decided to cash out from that.

for example, you buy eth directly from coinbase, convert eth > rsr using uniswap or a non kyc exchange, then you simply swap back to eth and send it to coinbase and sell it and you're paying the same in taxes and they will only care for quantities above $10k usd. anything less and banks don't even bother. so just make sure you're not trying to dodge your taxes and you'll be fine. there's no special tax for rsr that's just retarded.

>>22144124
can i have your bags?

>>22144124
hey anon, just don't be so greedy. I learned it the hard way too.
Never ever go for those projects shilled on biz saying "just launched". "Super early, 10x from here". It is, in 99% of the cases, bullshit.

Spend a while on /biz until you learn to filtrer through the shit. Make pretend portfolios and check them after a week, 2 weeks, a month.

If you absolutely must invest because is otherwise boring, do it on legit, established projects. They won't moon 100x in a week but they will give you steady gains the next few months (RSR is one of them)

Hell, just put your money on ETH/BTC and you should be safe and make a nice profit the next few months while you get the hang of it

>>22148092
this, every thread about rsr that i ever made i told people to do their own research. just look up the team, the investors, and read the whitepaper until it made sense. those that listened made a shitload of profits and are still deep in profits. in order for a project to be successful you want a strong base of educated investors not just a bunch of pump and dump faggots like these uniswap scams. rsr will be the amazon of defi in a few years, meanwhile the rest of these scams will fizzle out and die.