/biz/ - Business & Finance

I am forgotten

I FELL FOR THE FUD AND WAS WAITING FOR A RETRACE TO BUY FUCK YOU NIGGERS FUDDING YOUR OWN SHIT


REEEEEEEEEEEEEEEEEEEEEE

Worse than XRP
Im seriously considering selling my 3mm bags

Everything mooning except this shitcoin

here's the truth about RSR:

RSR has VERY LITTLE utility in the Reserve ecosystem besides DILUTING THE SUPPLY. The team has created a false narrative that you can make a lot of revenue through RSR/RSV arbitrage, which would create demand for RSR in the long run. But is it true? Lets dive in.

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.

What went wrong?

I guess it was a Satsgang operation all along. I bought their bags at 3 cents. Fucking kill me now

Where did it all go wrong. Im going to kill the anon who found out about the big moose deli
Better fud than the satsgang

>>15666245
hold the next world currency

crashing the world economy with no survivors
the world will need a new currency after the dollar drowns
buy and secure a seat in the new world order

Are they asking for just emails? Or ID cards and everything as well?

It seems too good to be true.

>>14825608
Thanks.