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19095539 No.19095539 [Reply] [Original]

How did this project fail so hard?

RSV market cap is only 200k after a 3 years of working on this shitshow

even satsgang and biz shills weren't able to get this going

what went wrong?

>> No.19095712

>>19095539
RSR is #143 on CMC. That's much better than FTM, LIT, and everything else that is shilled here. It still has a lot of potential.

>> No.19095751

>>19095539
Shit.. I'd go to a crypto meetup if it was hosted in my town. I'm bored and like meeting people I guess. Am I a loser?

>> No.19095805

>>19095751
no, just early

>> No.19095833

>>19095712
people are just buying into the shill hype while RSV has completely failed to get adopted after such a long time

do you think speculators will keep buying RSR if RSV has clearly failed?

>> No.19095877

>>19095539
absolute shocker, who could have seen that coming

>> No.19095939

>>19095833
>if RSV has clearly failed?
>if

>> No.19095963

>>19095539
due to the current economic crisis, at lot of countries (third world) are experiencing major inflation.
If nothing happens with RSV this year, it probably will never happen.

>> No.19096116

>>19095939
are you saying it hasn't?

>> No.19097185

>>19095963
true

>> No.19097715

>>19095751
I'd go to a lesbian feminists for Hilary rally rn tbqh. If you bored and got shit going on, goto something else non-crypto instead. You never know, when you'll never get another chance to

>> No.19097879

>>19095833
It’s not even out of beta and RSV has only been made usable as a cryptocurrency on exchanges within the past few months. It’s being used in countries as part of a payment system in conjunction with PayPal, and through PayPal can be used to purchase other coins, which is more than pretty much any other project can say. How about you fuck off back to the drawing board and come up with better fud faggot.

>> No.19098241
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19098241

>>19095539
Price goes up, fudding pajeets come out the woodwork. Fuck you asshole.

>> No.19098367

>>19096116
Crypto is a slow process of adoption. Being on the second page of CMC and having some big names behind it and a decent white paper is not success in my opinion, but it is also not a failure.

>> No.19098425
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19098425

GIVE ME THE LINK FOR THE FUDDERS GROUP

>> No.19098541

its obvious why it failed. Stable coins will be illegal in the future and all these shills still have never refuted this pasta:

1) An excess pool of RSV has to exist in order for RSR holders to be able to arbitrage with RSR. How is this pool of excess RSV created? A) when the collateral for RSV appreciates in usd value ABOVE the collateral target B) from tx fees collected for RSV transactions (velocity). That means you as a RSR holder CAN’T arbitrage until the vault is optimized to produce revenue/gain value against usd and/or a significant amount of RSV is being transacted with, which both are expected to occur YEARS from now.
2) RSV has to trade above $1 in LARGE volumes for the arbitrage process to be in any way profitable, which is very unlikely to happen – if RSV does trade above $1 peg, it will be in small amount of buy orders (explained in next pg). Not to mention that the Reserve foundation will ALWAYS have a first actor advantage, depleting the pool of excess RSV tokens BEFORE any of the regular holders will have a chance to participate
3) Even if the protocol has accumulated a deep pool of excess RSV through collateral appreciation and tx fees, arbitrage with RSR would still ONLY be profitable if RSV trades above $1 and ONLY for the quantity of RSV that is being bought above $1. Why would anyone buy RSV above $1? Rational/educated market participants who move large quantities of capital WONT, because if they wanted to buy/use RSV they could instead just mint it for $1 worth of collateral tokens instead of buying from the market for a PREMIUM price. Thus, one would project that the quantity of RSV trading above the peg is minimal, resulting in a very low level of utilization for the potential excess pool of RSV, which means close to NO ARBITRAGE REVENUE FOR RSR HOLDERS.