RSR

[Anonymous No.26264136]

Let’s be realistic, this was a satsgang pump and dump that went too far. /biz/ OGs shilled it as a joke and Nevin was totally caught off guard when it mooned. He was never serious about RSR, just trying to scam investors like with paradigm academy. Now the team is totally in over their head and are rushing to even put out a basic mobile application (it’s been in beta for two years)

> people really thought a bunch of convenience store owners and softball coaches would create a new world reserve currency and topple central banks

LOL

[Anonymous No.26264547]

>>26264136
Don’t worry OP. You still have a few days to accumulate. Anything under 5c is a steal. No need to stress. Just let the gains flow over you like a warm blanket.

[Anonymous No.26264660]

>>26264136
This. The valuation is inflated to sky high levels because the team is trying their best to convince the RSR investors that RSV is actually being adopted at a rapid pace in third world shitholes that those same investors don't even give a shit about. RSR is nothing more than a cult of holders right now. At least other projects at a similar valuation are getting some actual use and adoption in the crypto space while Reserve is trying to claim real world adoption which is not happening at all. They are desperate to highlight every hairdresser in Venezuela that has installed the app on their phone and has in effect become a walking advertisement for the adoption of RSV. Just give me a fucking break. Congrats to everyone who has gotten into the RSR cult early but anyone buying now is just asking to get dumped on by the earlier cult members and VCs once the facade starts falling off.

[Anonymous No.26264769]

>$300M daily volume
>satsgang pump and dump
Paneer tier FUD lol

[Anonymous No.26264854]

Reserve is nothing more than a glorified wallet app. Why wouldn't those poor people in Venezuela just use USCD, TUSD or PAX instead of RSV which is just backed by a basket of those same stablecoins?

[Anonymous No.26264976]

>>26264769
The Reddit spacing gives it away every time. Signs of proofreading before copy pasta approval.

[Anonymous No.26265049]

Trannies in fud mode again

[Anonymous No.26265099]

>>26264547
Oh I have 1.3 million I bought under 1 cent

I’m just waiting a little more to dump on retards, I believe this has one final pump before slowly bleeding to zero.

[Anonymous No.26265128]

>>26264854
That’s the Parsiq fud idiot. Get the right thread

[Anonymous No.26265294]

>>26264769
Imagine thinking the volume coming from HBTC, Xtheta Global and Dsdaq is legit and even larger than the volume on Binance.
>>26265128
I don't know shit about Parsiq, that's just my thoughts on Reserve. Their product is a literal mobile wallet marketed to people living in shithole countries.

[Anonymous No.26265474]

>>26265294
>>26264854
>Why wouldn't people in venezuela use X instead of Y?
Because marketing and availability, that's why. No one gives a shit if it's crypto or not; what they care about is a trusted and secure way to transact. The money is a vehicle to smooth that transaction. If it comes through Paypal's app, great, no one gives a shit if it's RSV or USDC or whatever. All they want is to trust their money.

[Anonymous No.26265571]

Found something similar to RSR...it's way under the radar...

From the website:

Digital Reserve Currency was designed to become a decentralized digital store of value with a limited supply and a zero inflation rate. It was created during the COVID-19 crisis when fiscal and monetary policies have exposed serious vulnerabilities in the current financial system. The concept of Digital Reserve Currency was developed by Maxim Nurov, founder of Digital Finance, Washington, DC, financial company that specializes exclusively in the digital assets space. You can learn more about Maxim Nurov and his background here.

CEO Maxim Nurov

https://www.linkedin.com/in/maximnurov


https://drcglobal.org/

It's way too cheap. This could get big. Join unofficial telegram

@DigitalReserveCurrency

https://www.dextools.io/app/uniswap/pair-explorer/0x53455f3b566d6968e9282d982dd1e038e78033ac

https://app.uniswap.org/#/swap?inputCurrency=0xa150db9b1fa65b44799d4dd949d922c0a33ee606

[Anonymous No.26265636]

>>26265294
Between Binance and Huobi it's over $100m. Not a Satsgang pnd

[Anonymous No.26265870]

>>26265099
Nice to see a fellow RSR holder who is not deluding himself into holding this shit longterm. There's always a coin on this board that is shilled heavily alongside LINK. In 2017 it was REQ and nowadays it's RSR. I knew RSR was bound to pump but don't think it won't end up just like REQ. RSR is literally the 2020 version of REQ, it's funny how event the logos are similar (but most likely a coincidence).

[Anonymous No.26266070]

>>26265636
>Between Binance and Huobi it's over $100m
Now you're literally just making shit up.

[Anonymous No.26266202]

>>26264136
It takes a certain type of man to fud $RSR. The type of man that wants newfags to lose it all on the hare, and bets on the tortoise. The type of man that expects the sunshine, but speaks only of the rain. The type of man that Reserves his seat at the expense of others, well in advance.

What type of man are you?

[Anonymous No.26266255]

i’m waiting for the moon when it gets listed on coinbase

[Anonymous No.26266382]

>>26266255
dubs confirms

get your ticket now or miss your chance to visit the moon

[Anonymous No.26266385]

>>26265870
We all know it’s a scam, but why all the high profile backers you might ask? Guys like Peter Thiel and Sam Altman aren't dummies. They know a good pump and dump when they see one. For a limited seed investment of a few hundred thousand dollars each, they were given billions of tokens at a thousandth percentage point of a cent. No one cares if the project fails after mainnet launches, because they will be cashing out for millions and laughing all the way to the bank. Perhaps prematurely you might say - well that is unfortunately a flaw of Thiel's, he buys things early and then sells as soon as he has a profit. Which he does in this case, because of retail idiots pumping his bags.

[Anonymous No.26266475]

>>26264854
>USDC
Venezuelans can't open a Coinbase account.
>TUSD
Literally never heard of it before.
>PAX
Funnily enough, RSR uses PAX as part of its collateral.

RSR is not like other stable coins. It's not supposed to be pegged 1:1 to the USD, but instead to be backed by pretty much anything and work in a deacentralized network. This is especially important in Venezuela, since the government does heavily censor the Internet and has fucked over people for trading crypto in the past. Something that can be exchanged P2P without needing to go through an exchange is way more useful than an exchange's tokken

Bear in mind we're talking about a heavily controlled dictatorship in which people don't have credit cards in dollars they can use to buy ETH to convert to other tokens. Also bear in mind that we're talking about regular people and merchants here, they're not going to download an Ethereum wallet, add a smart contract from a DEX and convert tokens. The RSV app is very easy to use, which is a big plus.

And yes, they do have access to Binance for the time being. But a. Binance's GUI is shit and b. They can only trade through the P2P. There's not much liquidity there and a bunch of scammers.

[Anonymous No.26266603]

>>26266385
still early enough to 10x what you put in before the fat cats start to cash out

[Anonymous No.26266801]

>>26266385
Thiel also knows very well that just his name showing up on the project's website is enough for the retail retards to fomo in even If there's no actual product. I wonder how many millions he made off the EOS scam?

[Anonymous No.26267003]

>>26266475
Please don't trash up this fud thread with logic.

[Anonymous No.26267016]

>>26264136
Fake fud rbc shill

[Anonymous No.26267062]

I sold all my RSR to buy RBC and doing just fine.

[Anonymous No.26267088]

>>26264854
>>26266475
Wrong image. I was supposed to upload this.

The 4 options from top to bottom are Venezuelan banks. You can buy RSV using Bolivars directly in the app, or add money directly from PayPal or Uphold without fees. This is incredibly valuable in a country in which until recently it was illegal to carry foreign currency or negotiate with it.

I don't expect RSV to do a x1000 even though it is a legit project with real use cases simply because first world cunts can't wrap their heads over how useful the project is. They can't begin to understand how a dystopian hellhole works, and how quickly their money can turn to nothingness.

>tl;dr, RSV is a legit, working project but it won't moon because it's a currency for third world countries

[Anonymous No.26267099]

>>26266475
>TUSD
>Literally never heard of it before.
Funnily enough, RSR also uses TUSD as part of its collateral. It's literally the first thing you see when you visit their website but I suppose you wouldn't know since you just bought RSR based on the advice of other shills like yourself.

[Anonymous No.26267193]

>>26267099
No, I used RSV to buy USD when I was in Venezuela. Seeing how this product works I'd like it to prosper and grow. But I recognize it won't.

[Anonymous No.26267940]

>>26267193
Okay I'll bite, you seem a lot more reasonable than the standard RSR shills.
>But I recognize it won't.
Why do you think so? I'm also thinking their is a huge misalignment between the RSR holders who expect to get rich of this project and the actual use case where they are trying to help people in countries with hyper-inflation to avoid the inflation of their currency. I do think however that getting of the usd peg is an overambitious idea they won't be able to realise so in the end RSV is just going to end up the same as all the others usd backed stablecoins.

[Anonymous No.26268432]

>>26267940
>I'm also thinking their is a huge misalignment between the RSR holders who expect to get rich of this project and the actual use case where they are trying to help people in countries with hyper-inflation to avoid the inflation of their currencyk
For this reason exactly.

This is a stable currency to help people save their money from hyperinflation. Not an asset to randomly pump and dump based on speculation.

It's a working product with real world usage, it just doesn't have use for your average trader. If they opened it to other countries at most it could be used to do P2P payments and send money abroad without fees. Which are good things but too niche considering that your average normie would rather pay 5 $ in fees to PayPal than having to think for 2 minutes.