/RSR/ Reserve General

[Anonymous No.16987597]

Established uptrend edition

Reserve is a stablecoin system consisting of two tokens.

RSV the stablecoin currently pegged to $1.00.
RSR the arbitrage coin is used for stabilizing the value of RSV.

Upcoming Events
>Venezuela app goes on chain - TBA 2020
>Major exchange listing - TBA 2020
>Mainnet (RSR) functionality - TBA 2020

Where to Buy
>Huobi Global
>IDEX
>Simpleswap.io
>Pionex

How much to Make it?
It’s suggested to hold at least 500,000 RSR (~$1000). There is a consensus that an increase in liquidity (exchanges), adoption (app going on chain), and mainnet (proof of the RSR mechanism) will drive the value of RSR into the top 100 coins. Somewhere between $0.01 (42m m-cap or 5x) to $0.05 (210m m-cap or 25x). Anything beyond that would likely require massive adoption (which is possible), hype, major crypto press and the usage of RSV pairs on exchanges.

What about that huge supply?
RSR is will be burned as RSV is transferred and minted. Estimate say about 2%-5% per year. This is similar to Paypal, but decentralized. Regarding team tokens, please read here:

reserve.org/blog/initial-circulating-supply-of-rsr

Chats
>t.me/reservecurrency (official)
>t.me/reservelodge (unofficial)

Further Reading
>medium.com/reserve-currency
>reserve.org/investors
>github.com/reserve-protocol

[Anonymous No.16987612]

[Anonymous No.16987658]

satsgang

[Anonymous No.16987727]

Ooo yeah

[Anonymous No.16987738]

>>16987597

[Anonymous No.16987753]

I almost bought some of this shit when it came out

so glad i didn't

[Anonymous No.16987790]

>>16987597
Satsgang 1% represent get in faggits before you miss the boat

[Anonymous No.16987809]

satsgang was a made up FUD group from our discord. we didn't have any good material to FUD RSR with so we just picked a random shill twitter with a few hundred followers and made them the imaginary bad guy.

we then hijacked every RSR thread with references to satsgang so that the average bizlet would be priced out of a cheap stack. the satsgang FUD method was very successful, as brainlet nufags used their own confirmation bias to encourage others from looking into the RSR project any further.

RSR has the potential to go 5000x in the next 3-5 years. the asymmetrical risk on this play is unmatched by anything, including LINK.

my rights are reserved anon, are yours?

[Anonymous No.16988709]

We Africa now

[Anonymous No.16989071]

>>16987597
Are US burgers allowed to hold this coin? Should I report buying this when filling out taxes

[Anonymous No.16989151]

>>16987753
This. Dodged a bullet. It’s still down 40% Kek

[Anonymous No.16989158]

>>16987809
I’ve been following this project since July and if what you say is true, all your bullshit fud during the 1 month or so satsgang crap had absolutely no impact on the price. Price was already collapsing. You’re not as powerful as you think faggot

[Anonymous No.16989171]

>>16989158
Price already bottom in December before any of that catsgang nonsense.

[Anonymous No.16989190]

>>16989171
This the real catsgang

[Anonymous No.16989206]

>>16989158
for me, it wasn't even having a real impact on the price, it was making sure that a few brainlets were priced out and didn't pull the trigger on a stack.

knowing that I didn't let someone make it is good enough for me.

[Anonymous No.16989262]

>>16989206
Understood, but I wonder exactly how much impact you made. Hard to quantify how many people believed in the fud and how much they would have bought anyway. Lets face it, people who believe the fud tend to be newfag brainlets and I wonder how much effect their lunch money would have made. Anyway I don’t care anymore , my bag and body is ready. Pump it.

[Anonymous No.16989356]

>>16989262
top 120 holder here, what about you fren?

[Anonymous No.16989760]

>>16989356
Where is a chart for the numbers?

[Anonymous No.16989995]

Dumping in 29th

;)

[Anonymous No.16990367]

>>16989995
Get some fresh air son.

[Anonymous No.16990788]

It's going fucking crazy

[Anonymous No.16990805]

Satsgang is out of control.

[Anonymous No.16990835]

IM GONNA....

COOOOOOOOOOOOOOOOOOOMMMMMMMMM

[Anonymous No.16990860]

OH MY GOD...

I'MMMMMM COOOOOOOOOOOOOOOOOOOMMMMMMMMMIIIIINNNNNGGGGG

[Anonymous No.16990927]

Massive rising wedge, I'm out and will get back in at 21-22 sats

[Anonymous No.16990955]

>>16990805
Peter Theil is the leader of Satsgang. He controls all of crypto from his penthouse. Surrounded by his many gay lovers, he laughs and pisses on the peasants from the top floors of his many Trump tower homes.

[Anonymous No.16990971]

>>16990927
Show us your meme lines

[Anonymous No.16990996]

It's happening

[Anonymous No.16991388]

will i make it with 1.6 million coins?

[Anonymous No.16991433]

>>16987612
Based

[Anonymous No.16991646]

>>16990971
I'm on mobile rn but this rising wedge can be seen from space, no lines necessary

Also do note the dropping volume

[Anonymous No.16991721]

>>16991646
Also FWIW I was in at ~19 sats, just sold. Will re-buy at 21-22 sats if nothing juicier comes along

[Anonymous No.16991844]

Shitcoin.

Noone will use this crap.

Venezuela certainly wont. They'd prefer to use the USD which is stable and can't go to 0 when the pajeets exit scam this dead project.

Satsgang will start selling soon and move back into DAG. Take profit whilst you can.

[Anonymous No.16991954]

[Anonymous No.16992029]

>>16991844
It’s already being used in Venezuela. RSV is currently pegged to the USD and people are using RSV in conjunction with PayPal as a store of value since their currency is dropping daily. Brainlet fud

[Anonymous No.16992252]

>>16992029
>It’s already being used in Venezuela.
then why isn't RSV trading anywhere?
it wouldn't even need a listing on Binance/etc
DEXs have plenty of volume

>RSV is currently pegged to the USD
I'm bullish on Reserve,
but price/volume are nowhere to be found, both are important metrics
I'd like to see that this stablecoin is actually being used and/or is stable
but so far all I've seen is the RSV contract

>people are using RSV in conjunction with PayPal
what do you mean by this?
they're buying RSV with PayPal?
Reserve is integrating with PayPal?

[Anonymous No.16992287]

>>16992252
>then why isn't RSV trading anywhere?
it wouldn't even need a listing on Binance/etc
DEXs have plenty of volume

because it's being used in the app and not on the blockchain yet you fucking mongoloid

>what do you mean by this? they're buying RSV with PayPal Reserve is integrating with PayPal?

they're converting their shit fiat paypal funds into RSV, are you slow?

[Anonymous No.16992389]

>>16992287
damn anon, watch your blood pressure

>because it's being used in the app and not on the blockchain yet you fucking mongoloid

>https://medium.com/reserve-currency/tech-update-rsv-v2-portal-a7a6b738008c
>Back in October we launched RSV V2 on Ethereum
>a set of contracts that allow anyone to generate or redeem RSV

according to them, it is
would hardly be a 'launch' if RSV only existed on some centralized database

if anyone can mint RSV, that begs the question
why is there 0 information anywhere about price, supply, volume, etc?

>converting their shit fiat paypal funds into RSV
>people are using RSV in conjunction with PayPal
scummy/misleading way of wording it
would you like to 'use your PayPal in conjugation' with my FAGcoin that may or may not even exist on the blockchain yet?
lmao

[Anonymous No.16992459]

>>16992252
>>16992389
You're "bullish" on Reserve while constantly shitting on it. You have a fucking complex.

[Anonymous No.16992562]

>>16992459
>You're "bullish" on Reserve
I am, the tokenomics make a lot of sense
I'm looking forward to seeing Reserve become fully functional

>while constantly shitting on it
erm, not really
was pointing out contradictory information

RSV being live on Ethereum (as Reserve says)
or only existing in a centralized app (as anon said) are very different things

>You have a fucking complex.
it's called due diligence,
Reserve and Maker both 'seem' like good investments,
but I'm going to keep kicking them to see if they stand up to, or collapse under scrutiny

Theranos investors ought to have done the same

[Anonymous No.16992596]

>>16992389
>according to them, it is

what the fuck are you talking about nigger?

they released rsv 2.0 that doesn't mean the app is using it yet. the app is using off chain representation so that they don't have to worry about the blockchain while they troubleshoot the app. rsr barely launched in may of last year, name one crypto that's already got a working product out there getting crypto to normies that don't know shit about crypto. exactly, you can't, people using the app don't have to understand or know or care about crypto in order to benefit from it.

>scummy/misleading way of wording it

you're a fucking mongoloid and you're reading what you want into the statement

the fact that paypal is allowing people in venezuela to even transfer into rsv out of their shit fiat is big news since paypal normally doesn't allow people to purchase normal crypto with the app/service. they seem to be making an exception for rsv which is a big deal if you're not a complete brainlet. look at the people investing in rsv and the connections they have.

do some research and get off 4chan nigger

[Anonymous No.16992628]

>>16992252
>>16992389
I'm alxVTeK9

>why isn't RSV trading anywhere
>price/volume nowhere to be found
RSV is being kept off-chain for the moment, the project is still in beta and won't enter mainnet until sometime this year or next. Hence there being no information on CMC and the likes - it is on etherscan and any information about supply can be found there. The ~10k that etherscan has listed is not the amount in Venezuela, just the amount that is the team and any other wallets that have decided to mint any are currently holding. Can't actually do anything with it until mainnet, but the tech is there to show that it works.

>RSV and PayPal
PayPal is bullshit for Venezuelans because transaction fees are something like 6%. So they send in PayPal dollars to the Reserve team, and get RSV in return on the app. Since payment systems for RSV are already set up in the country at certain stores, they're free to use RSV or can store it as USD to convert it into local currency at a later date.

[Anonymous No.16992651]

>>16992596
Based information provider anon-kun

[Anonymous No.16992663]

>>16991646
>>16991721
>they didn't listen

[Anonymous No.16992983]

Looking good chaps.

A handful of people in a 3rd world country testing out a STABLE COIN are going to make us rich right?

Behave.

It's not even on mainnet. It's essentially useless compared to the likes of BTC/USDC/USDT/CBDC's.

"OMG PETER THIEL" - The guy threw some peanuts into this shitcoin when he got bullish for blockchain. He has 100's of investments. He doesn't care about the project, only cares about pumping his bags so he can dump on the market.

The amount of effort going into these shitposts basically confirms Satsgang are getting paid to shill this scam. What's going to happen when DAG starts pumping again?

[Anonymous No.16993030]

>>16987809

LOL

Satsgang poster spotted.

[Anonymous No.16993154]

>>16987753
You’re gonna want to neck when this shot pops. Get a suicide stack or just neck now.

[Anonymous No.16993163]

>>16989071
>allowed
How cucked are u faggot

[Anonymous No.16993171]

>>16989151
Stae poar

[Anonymous No.16993180]

>>16989356
Top 70

[Anonymous No.16993184]

>>16991388
Yes

[Anonymous No.16993214]

>>16992983
You sound mad anon. Like you haven’t got a stack yet.

[Anonymous No.16993224]

>>16993214

Why would I get a stack of this scam? lol

It's literally the most useless token being shilled on biz. A fucking stablecoin that has zero adoption (a handful of peasants in a 3rd world country doesn't count).

This will go nowhere and I'm going to laugh at every desperate shill attempt on here.

[Anonymous No.16993244]

>>16993224
It’s ok if you don’t understand. The world needs ditch diggers too anon.

[Anonymous No.16993258]

>>16992628
thank you for responding intelligently, not like a rabid chihuahua

>The ~10k that etherscan has listed is not the amount in Venezuela, just the amount that is the team and any other wallets that have decided to mint any are currently holding.
interesting, didn't know the RSV was locked too
then what would be the purpose of the minting tool they created?
(where you put in 33% each of USDC, TUSD and PAX)

>Since payment systems for RSV are already set up in the country at certain stores, they're free to use RSV or can store it as USD
I wasn't aware of the payment functionality, thought it was just buy/hold, thanks

though, it is still just moving digits around on their server, in the hopes of future backing
it's good that they're potentially adopting new users to crypto, but so far the app isn't anything to write home about


>>16992596
>they released rsv 2.0 that doesn't mean the app is using it yet
then be clear about it - people are using Reserve's app, but RSV is still in development
don't imply RSV is being used, because it's not

>name one crypto that's already got a working product out there getting crypto to normies that don't know shit about crypto
Brave Browser, LBRY, Steem,
you're right that most don't have working products
Reserve included,
receiving money on PayPal and changing a number in a database isn't their product

again, I'm excited for Reserve's future, it appears to have great potential
but lets be clear what stage they're actually at right now

>>16992983
not having a product on mainnet yet doesn't make it a scam,

does the amount of effort in your shitpost confirm people are fudding it to buy cheap?

[Anonymous No.16993298]

>>16993244
Imagine being a pajeet so retarded you dont even know to respond to multiple people in one post. Stay poor, faggot.

[Anonymous No.16993322]

>>16993298
But I have a bag of RSR.youre the only poorfag in this thread. Also.. white ppl smell like lunch meat.

[Anonymous No.16993934]

>>16993258
>then what would be the purpose of the minting tool they created?
Proof of concept. Eventually the protocol gets expanded to include other assets as collateral to ensure the product keeps scaling, but for now it shows users that the protocol works, and the team can work any kinks out of they need to. One thing I'd like clarification on is who exactly controls what assets are allowed into the pool, considering the protocol is also meant to scale with real world assets, not just tokenised USD. So far the only answer we've gotten is basically "some experts".

>so far the app isn't anything to write home about
Apparently the usage of the app in Venezuela has gotten significant organic growth, since they turned off advertisements a while back and are still seeing an increase in people using the app. However you are right, the app is still heavily in beta and the team are working to make it as normie friendly as possible. Having Thiel on-board as an advisor (not just an investor like the other anon said) should help in getting a partnership from PayPal which would boost the presence of Reserve immensely in the first world.

[Anonymous No.16994350]

ever notice how RSR dumps when BTC pumps?
not good imo

[Anonymous No.16994362]

>>16993934
>One thing I'd like clarification on is who exactly controls what assets are allowed into the pool, considering the protocol is also meant to scale with real world assets, not just tokenised USD.
perhaps they could use MakerDAO's token voting model, or put their own spin on it

>Apparently the usage of the app in Venezuela has gotten significant organic growth, since they turned off advertisements a while back and are still seeing an increase in people using the app.
that's great to hear!
it's understandable, using Reserve would a no-brainer for billions of people

>Having Thiel on-board as an advisor (not just an investor like the other anon said) should help in getting a partnership from PayPal which would boost the presence of Reserve immensely in the first world.
agreed

[Anonymous No.16994744]

>>16993258
>Brave Browser, LBRY, Steem,
you truly are a fucking mongoloid

Brave requires you to donate using crypto. Which means you have to have knowledge of crypto in order to even consider using it.

The same applies to LBRY, and Steem.

With RSV you don't have to know what crypto is. You use it like cash app or wechat. This is how the final product will look, normies will only know that they are saving their funds in their app and wont have to know anything about crypto in order to start using the app. Eventually once the app is using blockchain technology I'm sure they will have the option to create a wallet and send their funds to their wallet or use their wallet outside of the app environment but a 60 year old boomer is capable of downloading the app and converting their paypal funds into a stablecoin with zero knowledge of this. The same cannot be said for any crypto project out there.

The app is in beta, it's not finalized but that doesn't mean it's not a working product. RSV is being used within the apps environment and between now and the final product it wont be much different for the end users. That's the goal, to create something that's simple for anyone to pick up. RSV 2.0 is already coded and working flawlessly, the only thing that isn't working is the RSR mechanism which can only be implemented with mainnet and by your logic this wont be a "working" product until mainnet? You're a fucking brainlet.

It's in closed/early beta and is being kept this way on purpose but that doesn't mean that it's not functioning as intended. If you were in the beta right now you would have all the functionality that you need to store your money outside of the fiat environment. Yes the end goal is decentralized and unpegged from all forms of fiat but if you're going to wait for that then using that as the final version of the RSV we wont see the "final product" for at least 3 years, and clearly people will be using it before then and are using it now.