/biz/ - Business & Finance

alright biz, I've got chainlink and eth. Shoudl I move any of it into rsr? I'm holding a 100k stack

Its very simple. It's because most feel they have 'missed the boat' so to speak. Truth is, the boat was just taken for a short test spin and the real destination is MARS

>>26164696
How high are we going bros

>>26165930
I'm hearing $1

>>26165930
1 or 56$

>>26166011
20x from here?

>>26164696
someone just approved of this message earlier in a thread that got shrekt within seconds. i put 20% of my xerps into this in hope i can make a small buck.

>>26166150
Easy if everything goes to plan!
We are still early

when does the remaining 91B supply get unlocked?

>>26166458
tell me more about this plan.

>>26166858
App rolling out soon for the protocol.

>>26166919
>2 years to create an app
Imagine buying this shit

>>26166858
"The goal is to have a stablecoin that makes money secure for not just the banked in developed countries, but also for the billions of unbanked around the world who have no safe place to stare their money. The Reserve Protocol seeks to circumvent corrupt bankers and governments, allowing anyone in the world to have a secure store of currency that can’t be stolen by banks or inflated away by governments.

The Reserve Protocol will make this a reality by creating a fully decentralized stablecoin backed by a diverse set of assets. This stablecoin will make low-friction cross-border transactions possible all around the world. And it will ensure that governments can’t abuse the currency since it will be out of their control and also impossible to shut down."

>>26164696
wtf how did they get that photo OP?

>>26165862

this is exactly it, I could have bought a 1m stack for $7k a few months ago but I passed. Now it'd cost me almost $50k and I am feeling fucking awful, since I knew this token would really be a big one .. but I didn't think it would take off so fast while I was stuck in shitcoins.
$1 EOY for sure unless btc shits the bed.

Is it over already bros?

>>26167344
It doesn't sound that daft, sometimes things sound too good to be true and you have to watch the run a little first. When its $1 we will all be laughing anon

>>26164696
The coin IS God Tier. What else can be said?

People try to bring morality in the form of FUD into alts and they end up losing the plot.

Note BIZZies: You CANNOT drop morality on any alt coins ever. They have too long a road to go for that crap to even matter. Most alts won’t even survive, but there are so many that deserve a shot regardless to what people think. Let go of your emotions if you ever want to trade well

>>26167693
We can't even break 50c bros...

>>26167684
No chance, load up and crack a beer open

>>26167802
Which ones are worth a shot according to you?

>>26166828
shills cant answer this lol

>>26164696
>unfuddable
It's one stablecoin protocol among dozens, and if having big name behind the project was any guarantee BAT wouldn't be such a shitshow

>>26165307

>>26166828
pajeet fud

>>26165307
any suggestions? Should I just HODL both ETH and link instead of swapping more for RSR? I've got $900 in link and $1300 in ETH

>>26164696
>>26165307
>>26165862
>>26165930
>>26166011
>>26166150
>>26166407
>>26166828
Buy ERSDL sirs

>>26168585
ETH and LINK are both in Coinbase and already had their pumps

RSR pumps even without Coinbase. Imagine when it gets listed. You can't bet against Peter Thiel.
Peter thiel touches Facebook --> Moons
Peter thiel touches Bitcoin --> Moons
Peter thiel touches Ethereum --> Moons
Peter thiel touches RSR --> You are here -->Moons

>>26168900
>Peter Thiel touches Palantir

>>26168900
I hope you're right bc I have a bag, I already made some profits though

>>26167199
I think it is photoshopped

>>26166984
than it should work fine because they took their time right? not like the shitcoins you have that are classic o'l pump & dump.

>>26168585
swap it all you dont really have anything to lose with those numbers

>>26169584
>photoshopped
ngmi
https://www.youtube.com/watch?v=iPis68U7bdo&t=2s

>>26164696
My friend works at a wealth management firm in San Francisco. I asked him to look over the white paper so I would know if they were being honest about the tokenomics. He told me that this is the most idiotic idea he's ever seen for a stablecoin, that the team clearly has no idea how they will back the currency with real world assets and that this is basically going to become the new Bitconnect once the bubble gets large enough. The biggest cause for concern according to him was their intention to use not only foreign fiat but also alternative assets for stabilization. In particular their use of vehicles like paper gold and securities is going to be very dangerous going forward. Paper commodities have been shown to be fundamentally flawed in the post-COVID world because they are even less reliable than unbacked currency and supported only by manipulative exchanges like COMEX. Securities are worth less than the paper they are printed on as well, just look at how investors have been running from all of the bonds issued by the Treasury this year. Guys like Peter Thiel and Sam Altman might have thought this was a good idea before 2020 hit us, but now it is a total disaster. I will probably ride this wave up a few more pennies because I bought in 2019 but if you are thinking about getting into this coin, just stay away. There will be nothing but losses in your future.

coin is a joke but peter thiel will make us rich

>>26164696
Maker vs RSR

Who wins? and why??

>>26169797
https://medium.com/hackernoon/reserves-analysis-of-the-makerdao-protocol-697141a8bbae

>>26170517
Conclusions from your link
> Dai lacks strong price stabilization mechanisms and will have a hard time keeping the price tightly pegged in the mid run. Still, it will likely stay relatively stable.

DAI literally kept peg all year long even when march panic crash occurred. Article is purely speculation even in its conclusion and lost all credibility.

Guys just buy MKR

>>26171115
Reddit spacing
You have to go back faggot

>>26171115
Good call anon. There is simply no way you are going to get rich with RSR.

First of all, why does RSV need RSR? Why not just peg to the US dollar? Do you think Pedro in Venuzuela gives a fuck about a basket of assets. Fuck no. He just wants to buy a loaf of bread. US dollars are enough to do that, because relative to the bolivar, the USD is stable as fuck. So all Pedro needs is USDT.

The only timeline where this sees mass adoption, is in a total collapse of the USD, and then you tards will be selling your stacks to buy food - if your stacks are actually worth anything, because Theil will have exited with his 1000x long before that.

tl;dr There is no possibility of mass adoption for Reserve, it's a fucking back-of-a-napkin science-fair tier scam, loosely wrapped in a facade of social responsibility.

>>26171115
>>26172146
yeah its honestly a shame that these brainlets won't realize that rsr is just a pajeet scam

Fartless Beans

>>26164696
Because it's funny and I can watch people leap to defend my bags.

>>26172146
You’re priced out FUDing or don’t understand the protocol.

Stay priced out. This coin will 10x at any time because the overlap of people who admire, Thiel, but crypto, and don’t know about RSR is enormous.

>>26172889
I have a fat stack, I just like watching RSR simps rush to defend the project whenever I post stale pasta lmao.

>>26172400
based

>>26169721
We don’t know yet the list of assets that will back rsv. Choices will be made.

>>26171115
Maker is for crypto nerds. Rsr will have millions of users next year

>>26172146
>Do you think Pedro in Venuzuela gives a fuck about a basket of assets. Fuck no. He just wants to buy a loaf of bread.

FUD Final Grades

Convincing C-
Factual D
Original F

Your FUD is stale. Your argument is boring and uninspiring and how many times are you going to bring up this Pedro just wanting spicbread routine? Get some original content.

What’s the make it and suicide stack size

>>26174577
>next year
Next month

>>26167074
based
53k stacklet here

>>26174773
100K suicide
1M make it

RSR thread? Time to FUD my own bags.

>>26165930
12c EOM.

619k stacklet reporting. theil is the future