/biz/ - Business & Finance

You will also have access to a smart contract that allows for arbitraging RSV using your RSR. For example, if you own 1 million RSR and the price of each RSR reaches $1 and you decide to arbitrage RSV with it you will get between 2-5% returns as the same percentage of RSR is then burned by the Protocol. That's $20-50k that you profit while keeping your $1M worth of RSR as RSV. You can then cash it out into fiat, keep it as RSV or re-buy more RSR or other crypto with it. As RSV is adopted and more is created this process will continue to burn RSR at a rate of 2-5% per year which can increase scarcity by reducing the supply and further increase the value of each RSR.
April 23, 2020

>>19396129
Can confirm. As a link ico buyer, the only projects in crypto I am watching are btc eth, link, rsr and pnk

>>19141267
"A great man who is viscious will be a great example of vice. And a rich man who is not generous will be merely a miserly beggar. For the possessor of wealth is not made happy by possessing it but by spending it. And not by spending it as he pleases but by knowing how to spend it well." - Don Quixote

Just buy at least $5000 worth of RSR right now and don't sell it for a few years. It is projected to go over $50 in 10 years.

>never work again.

>>15463386
ngl that was well meme'd

>>14950712
100 million

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.

And remember, the jews can't be bad people because the holocaust happened.

>>14771612
and back down we go!

>>14738406
>>14738392
If we're going with analogies, then "facebook libra but actually decentralized" is more accurate.

>>14626472
fucking hope so

>>14610287
Only problem is since its on obscure exchanges its actually quite difficult to accumulate that amount.

>>14606378
1T fully diluted market cap (60B current market cap)

>>14570395
pls no, I'm DCAing

>>14566250
>rsr the ultimate stable coin

>>14563522
>

3.1M here. Still slowly accumulating

I'm going to sleep now but be sure to give your dopamine receptors a rest, as burnout is a thing.

Also protip: RSR