/biz/ - Business & Finance

[Anonymous No.14834473]

/RSR/ General

[Anonymous No.14834489]

No FUD or Shills

Only discuss:
> The protocol
> The team
> Price speculations
> What your purpose for investing is
> What you plan on buying with gains
> etc.

[Anonymous No.14834517]

I like that the team is burgers and it's backed by coinbase.

[Anonymous No.14834526]

>>14834473
Dip to 27 then bounce and moon.

[Anonymous No.14834562]

>>14834473
RSR cost me over $10k already. What an absolute shitcoin.

[Anonymous No.14834571]

>>14834473
will i make it with 775,000 RSR?

[Anonymous No.14834582]

Damn we got cockpunched last night

[Anonymous No.14834601]

Who is buying?

[Anonymous No.14834617]

>>14834571

that will be $775,000 in two years

[Anonymous No.14834647]

I like that they are aiming at a proper decentralised stablecoin that no one can shut down, designed to scale, not overcomplicated and applied to those who need it. I like who is backing it, and that the right tokens imply you can earn if the project succeed.

[Anonymous No.14834799]

>>14834562
This. I believed dammit. This drop hurt like hell. Fuck it, going back to vidt or something to make up the loss. At least I know thats the bottom

[Anonymous No.14834811]

LURKERS & NEWFAGS BEWARE - RSR WAS A BIZ PND THAT THOUSANDS OF ANONS GOT BURNT ON IN 2019

RSR was a Peter Thiel invented ERC20 scam token.
Almost everywhere online RSR threads are deleted, ie plebbit, its that big of a scam.
The actual daily 24hr volume on RSR is under $10,000 - CMC reported volume is 99% wash trading
Don't believe me then buy $300 worth of RSR and watch the price move by 20%

Around the time that these jews were pumping RSR they shilled /biz/ CONSTANTLY with it.
There was at least 15-25 spam threads about it daily up until they dumped their bags on all the anons buying in.
It was a coordinated pump and dump and these RSR scamming faggots think that /biz/ has forgotten about what they did.
Lots of anons were fooled into buying it at $0.009-$0.007
Now there are tons of bag holders of this shitcoin and ALL of the RSR threads on /biz/ are made by these jewish faggots where they coordinate /biz/ shilling in their RSR telegram.

This project has a better chance of always being worthless than even worth $0.05
No one will really tell you the truth about this scam because so many ppl were suckered into buying it on /biz/
Truth is, not many ppl are smart and wise to scams and it takes a high IQ to realize that RSR is a jewish scam token.
What's more is the RSR shills are now only making about $0.08 per RSR post and it keeps dropping.
It's incredibly not profitable for anyone besides RSR fags to hodl this shit.

Don't fall for this fucking jewish scam token, its always going to be worthless.
>entirely community driven
>zero money for marketing or exchange listings
>scam artists for devs - who literally orchestrated a pump and dump on bizlets
>pajeet shill faggots who constantly spam threads about it bc they are so desperate for you to buy their bags because LITERALLY NO ONE IS BUYING THIS SHIT ANYMORE

What's more is that RSR DOESNT EVEN PUMP WITH LEGACY BITCOIN!!
>do not reply to RSR shills

[Anonymous No.14834837]

Only once will I post this. Only once.

Those of you who have been blindly following the RSR shills are absolute fucking retards. If you had an IQ above 90 and spent 30 minutes researching, you'd actually understand why you are making the worst investment of your lives.

The problem with this board is literally most of the RSR shills could not explain to you why RSR is actually an amazing shitcoin. The few anons that do get it's a scam and post legitimately useful information get ignored because most of this board is dense and dumb as fuck and when they can't understand something is a scam they act like it wasn't even posted.

RSR is next gen ponzi. It will make all current holders with 1m+ bankrupt. You may have to wait 2-3 years, which most of you will be too dumb to do. You'll see a decrease a year from now and because you've been checking the price every fucking day for over 1500 days you'll think "fuck it, I'm selling, this isn't going anywhere!". When the token actually goes to zero you'll be holding the keys to your piece of shit Pontiac and those of us who weren't total brainlets and didnt buy will be having you park our Bentley's because you work as a fucking valet now.

This is not pasta. Do not repost this. This is simply the truth. Fucking screencap and check back in 2021. You know I'm right, I always am.

[Anonymous No.14834850]

I have a PhD in crypto economics and mathematics. Crypto incentives in RSR are a legitimate concern. I saw Nevin Freeman speak at a conference recently where he mentioned tokens and asked him about the token economics of a stablecoin system like Reserve is developing. The problem is that the actual purpose of RSR is fuzzy at best and not even figured out fully by the team (see the youtube videos for Nevin stuttering about this). When I brought it up to Nevin Freeman, I told him that in the way the network is expected to be used, the arbitrage gains expected would actually decline as the RSV token becomes more ubiquitous because as adoption grows more widespread, the token value fluctuates less and less. This makes sense if you took a few advanced cryptoeconomics courses. Nevin admitted that it was a great question but that they were "actively pursuing research in that area." I sold my RSR immediately after that and saw a significant dump on the Huobi charts. It's pretty clear these guys are pulling you along making you think they're doing something revolutionary when the tokenomics aren't even fully determined yet.

[Anonymous No.14834865]

Whatsawhatsawhatsawhatsawhatsawhatsawhatsa up RESERVECONNECT! Hey hey hey everybody my name is Nevin Freeman and I am coming from Venezuela, and let me tell you guys that I am so excited, I am so happy, I am really so thrilled to be right now sharing this amazing, glorious, super, and exciting moment of my life with all of you guys, and let me tell you that we are really changing the world as we know it, the world is not anymore the way it used to be, mmm mmm, No! No! No! RESERVECONNECT! Wow! RESERVECONNECT! We are coming and we are coming in waves! We are starting and we are watching go all over the world! We are pelting the entire world! Let me tell you guys that I started 137 days ago with only $25,610 and right now I am reaching $140,000! Woah woah woah woah woah woah woah Whats up? And let me tell you that I am actually earning around one hun- I mean $1,400 on an every day basis, seven days a week! What I am right now independently, financially independently. I am saying to so many people who say that this was going to be con artist game, that this was gonna be a scammer game, “Hey! You’re gonna lose all your money!” My wife still doesn’t believe in me! I’m telling him “Oh honey, this is real!” “Oh no no no no no, that’s a scam!” And I said “But wait I’m gonna go to the bank and I’m gonna get my bitcoins and I’m actually gonna turn it into dollars, here there right on the table!” “No, that’s money you took from another account!” And I’ll say “What am I gonna do” Then I said to myself, “You know what? When I am starting to put $10,000 a day on her, right on her, you know on her table.” Then she’s gonna say “Woah!” Hahaha! Yo yo yo yo yo! “OK that’s real!” Hahahaha! So guys, I’m gonna tell you something. faith and belief is the one thing that we will need to be able to change the world, and right now I believe that in this room, we have the seed that’s gonna germinate and is going to explode into an amazing opportunity for us to change this entire world.

[Anonymous No.14834884]

Listen I genuinely care about about Anon's financial well being. Its hard as shit to get ahead in life now, not just working 9-5 for the rest of your life. The sooner you start saving the sooner you can get ahead in life. Reserve is a meme started by 4chan (an infamous trolling board) to lead people to financial ruin. This is NOT A JOKE. Don't let your saved wealth be thrown away overnight. Vitalik Buterin, the creator of Ethereum said himself the days of making x100 or x1000 are over, that's right the guy who created the second most popular crypto said himself those days are over. Now 4chan is trying to get people to lose even more money after the 2018 bloodbath. Smart money already exited the crypto world. Crypto is basically a highly specialized database, companies don't need this. They will just create their own private blockchains. There is no need for crypto, RSR isn't even needed to for stablecoins to work. Think XRP when you think RSR. The company Ripple (Reserve) is doing passably well, but the coin XRP (RSR) isn't even needed for the company's technology. Considering what Vitalik said "the days of making x100 or x1000 returns are over." RSR needs a 399900% increase in price over the next couple of months to reach $1 - this is ludicrous. Don't fall for it. RSR is a meme to fuck you over. Consider this for RSR at current price to reach $1 you need an increase of 700% or a 233% increase every month until EOY. This is the latest 4chan meme to siphon money out of the hands of the already vulnerable.

[Anonymous No.14834888]

>>14834865
>>14834850
>>14834837

sell, sell now

[Anonymous No.14834894]

I live and work in a 3rd world shithole. Opting out of the official, government backed fiat sounds like a grand way to help the poor brown people, but the reality on the ground is that 3rd world dictatorships have ultimate power. Even power to turn off the internet if they want. The country I live in at one time blocked all youtube access and all proxies. Only someone relatively competent could work around it. How is lola Juanita in Venezula supposed to figure that it, if the app for RSV is region blocked? Is she supposed to side-load the apk? Some will have a family member who could sort that out for them, but many will not. The whole project has a fine sounding goal, but there's not a snowball's chance in hell it'll work.

[Anonymous No.14834914]

The whole “help failing economies out with stable currency” is a lofty goal, but the problem with it is it’s putting the cart before the horse. Less idealistic and more realistic business minds would make a solid, widely used stablecoin, and then move onward to people using it outside of the cryptosphere. You'd have a much easier time creating an app that let people spend a somewhat known asset like USDC than you would appearing out of nowhere and telling people, "use our money, trust us, it's worth a dollar!"

[Anonymous No.14834918]

this shit ran out of steam real fast

[Anonymous No.14834929]

RSR is literally copy/pasta of MakerDao.
RSR is literally a stablecoin!
RSR is literally a Venture Capital scam token!

[Anonymous No.14834941]

>>14834473
Have any specifics been announced about the launch of the stable coin RSV?

[Anonymous No.14834966]

>>14834941
well, according to the new roadmap the coin that even uses rsr wont be until 2020 sooo

[Anonymous No.14834991]

>>14834929
Ignore this guy he literally posts in every RSR thread and admitted to FUD so that he can accumulate

It’s tiresome really... just put in what you have... invest overtime ... stop trying to get 10 billion coins man... relax

Anyway I’m very excited about the project... bought some more on the dip

[Anonymous No.14835006]

Keep posting FUD, bring this lower so I can fuel my rocket even more

[Anonymous No.14835046]

>>14834811
rsr hasn't even reached $0.009 or $0.007

[Anonymous No.14835052]

>>14835006
>>14834991
Hey pajeets.

[Anonymous No.14835062]

>>14834929
PS
I have surpassed you with my RSR stack
Unless you bought more recently

[Anonymous No.14835071]

>>14834894
They wouldn't opt out of their national currency. They'd use their currency on a day to day basis and trade some for RSV when they want to protect themselves from inflation.
Even if it most disregard it in the third world, it will work great for the first world for protection vs inflation. Also imagine how easy this makes traveling, you have a safe stable store of money that you can convert to a local currency whereever you are.

[Anonymous No.14835076]

>>14834562
same here, lost $200 but i'm a poorfag and it was 1/5 of my holdings

[Anonymous No.14835085]

>>14834991

Literally every fud post in here is copied from another thread. Sad!

[Anonymous No.14835089]

>>14835046
His post used to say “$0.50”
Lmao
We were never anywhere near 50 cents
Low effort FUD

[Anonymous No.14835102]

>>14835076
you only lose if you sell

[Anonymous No.14835114]

I bought at 0.00275 sold at first dump on 0.0031 and fomoed back in 0.0036. Not fucking selling this time.

[Anonymous No.14835121]

>>14835071
That's crypto in general you fucking idiot.

[Anonymous No.14835156]

bought ath

[Anonymous No.14835164]

I want to hold my entire stack until around $1
But realistically I will probably sell a portion at 20 cents and more at 50 cents
I will hold on to some though for the moon shot to $1 and beyond. It’s risky though, however I would have made my initial investment back many times over by then by selling at 20 cents and 50 cents

[Anonymous No.14835195]

>>14835121
lol, except this crypto would be non volatile.

[Anonymous No.14835264]

>>14834517
same

[Anonymous No.14835269]

>>14835164
im selling about 1% of my stack at $.20 - .30 range or maybe a little sooner so i can recover some of my investment and have a little extra to show. after that im just going to hold until i can't hold no more

[Anonymous No.14835328]

Listen up kids
>Be poor peasant in Venezuela
>no food, no water, no homies
>Witness the third ukase of the Great Peter of Thiel
>Saves the world for the 13th time with his stableshitcoin RSR
>Become First Lieutenant in RSRmy
>Food abound, water overflowing
>Peter of Thiel saved Commiezuela

[Anonymous No.14835330]

>>14835269
Do you use IDEX?
What’s your cash out plan..
I am a burger that uses Huobi on VPN
So I can not cash out there
Hope they list RSR on more exchanges soon so I can have some cash out options

If I make any significant amount of money it would take me 200-2000 days to cash out through Huobi. Unverified users can only withdraw 0.1 BTC per day

[Anonymous No.14835350]

>>14834473
i think this was the dip boys... will there be a bull run in the near future? wish i could've bought more but im still comfy for a poorfag

[Anonymous No.14835365]

>>14835330
How to buy RSR if burger:
>buy ETH on crypto.com app or coinbase pro
>send ETH to your ERC20 metamask.io wallet
>go to http://idex.market click balances
>deposit ETH using 4+ more gwei than the current gas limit
>go to RSR/ETH pair
>buy RSR
>go to balances, withdraw to your ERC20 metamask wallet
>hold for 4 years
>reverse process to sell on a centralized exchange with much higher volume
>sell your RSR into RSV
>send RSV to your metamask ERC20 wallet
>login to the Huobi DeFi
>supply the contract with RSV
>earn a passive 6% interest on your RSV
>profit massively

thats as detailed as im willing to get right now.
but follow that and you should never have to work again assuming you get 1MM RSR right now

[Anonymous No.14835371]

>>14835328
Thanks for posting this...couldn’t find it

I am a First Lieutenant currently

I will probably stop around a Major

[Anonymous No.14835392]

>>14835371
- Peter Thiel: 42,000,000,000+ RSR
- Commander: 500,000,000+ RSR
- Hannah Barron: 100,000,000 RSR
- General: 50,000,001+ RSR
- Lieutenant General: 25,000,001-50,000,000 RSR
- Major General: 17,500,001-25,000,000 RSR
- Brigadier General: 12,500,001-17,500,000 RSR
- Colonel: 7,500,001-12,500,000 RSR
- Lieutenant Colonel: 5,000,001-7,500,000 RSR
- Major: 3,500,001-5,000,000 RSR
- Captain: 2,500,001-3,500,000 RSR
- First Lieutenant: 2,000,001-2,500,000 RSR
- Second Lieutenant: 1,500,001-2,000,000 RSR
X<><><>X<><><>X
- Sergeant Major: 1,000,001-1,500,000 RSR
- Master Sergeant: 900,001-1,000,000 RSR
- Sergeant First Class: 700,501-900,000 RSR
- Staff Sergeant: 500,001-700,500 RSR
- Sergeant: 300,501-500,000 RSR
- Corporal: 100,501-300,500 RSR
- Specialist: 50,001-100,500 RSR
- Private: 1-50,000 RSR
X<><><>X<><><>X
- Subhuman RSRlet: 0 RSR

[Anonymous No.14835413]

By 2021 we should see a $0.40+ RSR
as by this time it will have already been listed on Coinbase and all major exchanges.
Its a long value investing position.

Estimates on the rate of RSR burns is 2%-5% per year in USD based on increased adoption rates.
And that figure is taken from a Reserve developer from the following post:

>We estimate that about 2-5% of the USD value of the RSV in circulation will be burned in RSR per year. This comes from estimates about RSV velocity (for the transaction fees) and average collateral token appreciation rates (for thinks like tokenized treasury bills). So it's just an estimate.

>This means that if there are 100 million RSV in circulation, we estimate that about $2-5 million worth of RSR would be burned per year. If RSV grows larger, the rate would be higher, e.g. with 100 billion RSV, that would be about $2-5 billion worth of RSR burned per year.

>This is one of the subjects we are lookign forward to explaining in depth in one of our Rights-holder Update calls!

Based on the projected burn rate, that target price I just posted is a conservative figure.
Absolute long term in the 8-10 year range would easily clear $4-$8

[Anonymous No.14835426]

Zoom out, zoomers.

[Anonymous No.14835430]

John Nash - The Nobel price winning economist described "Ideal Money" Its very similar to what RSR is planing with RSV.

RSR is like investing in a startup central bank. The value they could create if successful will put any meme X on blockchain project in the shadow. Including Link.

Thats why Libertarian thinkers like Thiel and Sam Altman are involved.

https://en.wikipedia.org/wiki/Ideal_money
http://personal.psu.edu/gjb6/nash/money.pdf

It also doesn't matter how many brainlets will buy into RSR, the longterm value will come from its adoption. If there is no adoption it will just end up beeing a failed startup/shitcoin.
If we should see adoption of RSV or RSD then RSR price will explode.

[Anonymous No.14835441]

The major problem with the majority of stable coins at the moment is many of them dont have the capacity to actually scale when the crypto market cap enters into the trillions. This bullrun we're in right now will see massive adoption of stable coins as anons begin selling off into them at the ath. What the Reserve protocol manages to accomplish is the establishment of a regulatory compliant stable coin that has the ability to scale for world wide demand and a crypto market cap exceeding 100 trillion. For these reasons, and a long list of many others, smart money is in on this dark horse early, and make no mistake - marketing for Reserve will kick into high gear in Q3 and many nu-bizlets will miss this boat, ultimately being quickly priced out of making exponential gains.

[Anonymous No.14835455]

>>14834489
This isn't discord, faggot, you can't delete comments.

[Anonymous No.14835468]

Stop giving attention to these reddit plebs with their millions of dumb questions they keep repeating every minute. They're also scared of the total supply, imagine that. Leave them behind, if they don't wanna put any effort in learning about it themselves they don't deserve it anyways. RSR will perform great regardless. And be sure not to let the redditor cucklord faggots know that the more accurate supply for RSR is around 20 billion for the first 3-4 years of its operation.

[Anonymous No.14835469]

>>14835392
I will be a Captain soon

[Anonymous No.14835527]

>>14835426
Holy fuck i havent seen a HYPERPARABOLA since 2013
>so fucking comfy

[Anonymous No.14835536]

>>14834811
>>14834991
>>14835468

Sigh
The FUD quality just gets worse and worse

Everyone . This is exactly what i was talking about. People are trying to discredit RSR so that they can accumulate.
DYOR

[Anonymous No.14835556]

>>14835536
you niggers need to read John Nash Ideal Money.
http://personal.psu.edu/gjb6/nash/money.pdf
This is a true viable solution for world reserve currency.
RSR goal is to bring this to a reality.
They solve the counterparty problem by holding assets from a many different issuers.
Example: They will start by holding USDC, DAI, TUSD. If one of those issuers loses the peg they will issue RSR and sell them on the market to prop up the price.
This way RSV becomes a much supperior token then Dai, USDC, or TUSD in itself.
Later on they plan to diversify this asset basket further by adding more assets e.g. gold backed tokens. Longterm they will have a wide basket of 100+ assets. That way even if one of the assets goes bankwupt they can back it with RSR.

[Anonymous No.14835578]

>>14835330
realistically none of this will be an issue since it will probably be on coinbase and you can easily hold a small amount there until you're ready to cash it out by converting it to cash > withdrawing to bank

[Anonymous No.14835602]

>>14835578
That’s what I am hoping. Just don’t want it to moon before it gets listed.

[Anonymous No.14835637]

>>14835602
well, if it really moons i wont mind figuring out how to withdraw it since it'll be worth the effort no matter how tedious the process. until then ill just sit comfy with my measly 30k stack

[Anonymous No.14835676]

>>14835637
Yea I guess I will too. I never used a cold or hard wallet so I’m a little intimidated by that IDEX strat above. I just don’t want to mess up and lose all my tokens.

[Anonymous No.14835722]

RSR tokens are 60% owned by the team. Locked until release of mainnet, but still owned by the team.

How can anyone think this is ok?

[Anonymous No.14835762]

>>14835722
You need to do more research. Look into the slow wallet.

[Anonymous No.14835768]

Happy this got dumped, sold at 38 sats
When is a good time to buy back in? (no fud, I believe this will skyrocket soon into the atmosphere after this healthy correction)

[Anonymous No.14835775]

>>14835722
It's not okay anon, RSR is a confirmed triple scam.
The devs are going to dump on everyone.

Don't buy, no matter what anons say.
You will get JUST

[Anonymous No.14835883]

Buying the dip

[Anonymous No.14835915]

>>14835722
1 month lead time visible on the blockchain whenever they dump. Talk about customer satisfaction.

[Anonymous No.14835922]

Do the needful, gentlemen and my fellow pajeets and join the RSR discord: jyXx96Q
We do the deep research on where RSR is going.

Also, continue to fud RSR for the next few months so your fellow anons can fill bags.

[Anonymous No.14835932]

>>14835676
IDEX has you create a wallet which you can send ETH to, once you have money on there (from coinbase or wherever) you can send that ETH into IDEX via DEPOSIT and you pay a "gas fee", (i know it feels sketchy but it's not), once your ETH is on IDEX you can buy RSR. Once you have the RSR on your IDEX you can add that same wallet to your MetaMask and ADD TOKEN to it and then go to Custom Token and put the id which is : 0x8762db106b2c2a0bccb3a80d1ed41273552616e8

THEN you can withdraw from IDEX into that wallet and see the funds on MetaMask where you can do anything with them (send them to a different MetaMask wallet that is completely new etc. but save your private keys and make back-up's on external hard drive or something and you should be good.

Good luck!

[Anonymous No.14836001]

>>14835676
once you put the token id it should auto fill the rest and allow you to add it. i can't show that part b/c i already added it. it should look like this, but hopefully with more than this inside. haha

[Anonymous No.14836042]

RSR is to RSV what MKR is to DAO.

RSV is the stable coin at $1. RSR is the token used to keep RSV stable, it can be any price determined by the market.

In the case of MKR/DAO, DAO is the stable coin at $1, and MKR is currently worth $503.

You can buy RSR for super cheap since it just launched. Buy for .003 cents and sell when it reaches $500 like MKR.

This is the next Chainlink, smart /biz/ fags are getting in now. I have 646k and still accumulating. 646k * $500 = 323 mil in five years. This is the last coin you'll be able to truly "make it" with.

[Anonymous No.14836106]

>>14835932
Thanks for using my photos... spread them on the telegram too

Where I get lost is the meta mask... I already have a wallet I store my RSR in... I already have a method to buy

I just need to know how I will sell when this moons if it is not listed on more exchanges by then... I assume I can send the RSR to IDEX from my current wallet and trade the RSR for a stable coin... then send that stable coin to Coinbase for the cash withdraw

[Anonymous No.14836152]

>>14836106
oh yeah, just do everything in reverse.

[Anonymous No.14836178]

>>14836106
you can just flip it for eth on idex when its time to cash out

[Anonymous No.14836242]

>>14836106
Link me to the telegram please

[Anonymous No.14836309]

>>14835775
>As if this is not priced in

[Anonymous No.14836349]

>>14836242
the telegrams are literally filled with pajeets and the admin will ban you quicker than shit since they are sjw faggots.
good luck with that bro. lol

[Anonymous No.14836397]

>>14836242
>>14836349
just go there to read about any of the latest updates. the telegram is on the official website.

t.me reservecurrency

[Anonymous No.14836481]

>>14836106
We can be confident this will be on Coinbase soon, seeing as they invested in it.

[Anonymous No.14836488]

>>14836349
The pajeet to anglo saxon ratio is roughly 7:
Numbers we haven't seen since Indian independence.

[Anonymous No.14836628]

Waiting for an entry
>>14834811
>>14834837
>>14834850
>>14834865
>>14834884
>>14834894
>>14834914
>>14834929

Bought the dip
>>14835365
>>14835392
>>14835413
>>14835430
>>14835441
>>14835468
>>14835556
>>14835775
>>14835922
>>14836349

Holy fuck you fuck free time fella

[Anonymous No.14836634]

>>14836349
18 posts by this ID

>>14836397
10 posts by this ID

>>14836106
12 posts by this ID

[Anonymous No.14836907]

>>14836628
What an ugly face

[Anonymous No.14837107]

when buy back in frens? :)

[Anonymous No.14837144]

>>14837107
dont. RSR is a triple super venture capital scam.
peter thiel is bankrupt and he needs your rsr money to survive.
dont fall for the coinbase propaganda, RSR isnt going to be listed there
and coinbase ventures didnt actually invest in Reserve
its all lies.

the reserve team are street shitting pajeets from india
also the chinks and jews are using reserve to try to scam /biz/ neets by pumping and dumping on us
beware anon, this is a dangerous super scam and it takes a high IQ to figure that out

[Anonymous No.14837258]

>>14837144
>19 posts by this ID
>both FUD and shilling

[Anonymous No.14837296]

>>14836042
stop spreading these lies. It severely overpromises the returns and the logic doesn't make sense

t. 7M Reservist

[Anonymous No.14837346]

>>14837296
the devs wont say it but the higher the RSR price goes the more RSV they can mint, which is the entire purpose of the Reserve protocol. so the higher the RSR price, the better for the whole protocol. assuming that the price of RSR will stay sub $1 is a real misunderstanding of the design of Reserve in general. but Reserve is a scam so buying it isnt a good idea. sell your 7 million dude, dont be so greedy and delusional.

[Anonymous No.14837402]

>>14837346
Yes but equating token value directly is retarded. Comparing MC you see that by that logic RSR would be $0.13 which isn't bad and is more accurate

[Anonymous No.14837434]

>>14837402
>he fell for the market cap meme
never gonna make it bro

[Anonymous No.14837558]

>>14837258
HAHAHAHAHA

[Anonymous No.14837697]

>>14837434
50% of posts in an RSR general and you dont understand market cap

[Anonymous No.14837699]

>>14837258

rsr is going to be huge. people are trying to accumulate but aren't capable of using vpn which leads to hilarious low effort fudding

just laughed for about 5 straight minutes. thanks anon

[Anonymous No.14837824]

>>14837296
In the hypothetical example given here in a devs blog, the total value of RSV stablecoins is $10 billion and RSR marketcap is 5 billionhttps://medium.com/reserve-currency/the-decentralized-governance-problem-5849db55f4da Even if the current circulating supply tripled that would still be almost 200x

[Anonymous No.14837835]

>>14837824
and what would the token value be fren?

[Anonymous No.14837898]

>>14837835
If the circulating supply is the same as today it would be over a dollar

[Anonymous No.14838358]

[Anonymous No.14838473]

The key benefit to holding RSR is that it enables participants to profit through arbitrage opportunities whenever the value of RSV is trading above $1.00 on exchanges. Arbitrage is defined as the simultaneous buying and selling of an asset in different markets in order to take advantage of price discrepancies. The same principle applies to decentralized ecosystems and has been driving much of the trading volume in stablecoin markets.

From a crypto-arbitrageur’s perspective, Prime participants could be in an advantageous position, as they will be able to acquire RSR at the offering price. Should the price of RSR increase prior to the launch of the Reserve Protocol, the entry fee for participating in arbitrage opportunities would be less than if they acquired the RSR on the open market post-launch.

Here is a brief overview of how RSR arbitrage trading works: When RSV is trading above $1.00 on exchanges, any excess RSV tokens in this pool can be purchased from the Reserve smart contract by RSR holders exclusively for $1.00 worth of RSR. Once the purchase is made, RSR tokens are burned.

For example, say RSV was trading at $1.02. In this scenario, participants could buy $1.00 worth of RSR on an exchange. If there is excess RSV in the Reserve vault, RSR holders could then use the $1.00 worth of RSR to purchase the stablecoin through Reserve’s smart contract. Once in possession of RSV, these token holders could go back to an exchange and sell the RSV at market price, making a profit of two cents per token.

[Anonymous No.14838543]

>>14838473
get a load of this guy, he actually thinks that Reserve (a crypto designed to help 3rd worlders) is going to be worth a lot of money! oh how sad and delusional that Reservistlets are!!! never gonna maeke it

[Anonymous No.14838582]

>>14838543
tell that to linkies who bought a year ago

[Anonymous No.14838612]

[Anonymous No.14838745]

>>14838543
The whole "banking the unbanked" thing is just a PR narrative. There's no way the rich assholes and venture capital funds backing RSR are really doing it out of the goodness of their hearts towards poor people, and that's why I'm buying

[Anonymous No.14838780]

>>14835922
KYS