/biz/ - Business & Finance

https://ventures.coinbase.com/

only matic and this has a token

matic went 12x

currently 5x the marketcap

reserve has a total marketcap of 300 mllion dollars, mainnet is a whole 365 days away, and facebook's libra has the same tech and will have a network effect. have fund holding this shitcoin for a year while it bleeds. rsr is dead on arrival

Literally the most unsexy name, logo, usecase in all of crypto. Lol at thinking this will moon. UNSEXY.

>>14255607
This. That's why HUGETITCOIN finna moon

>>14255589
where are you getting this number from? You know "Total Supply" is different than "Circulating Supply", right? Just like bitcoin, the total supply won't be reached for many years you absolute moronic idiot.

>>14255459
https://youtu.be/egq7FnyED3A
Great tech

Actually massively bullish. The coin isn't anything radical but at 9m marketcap it really won't take much to spam it up.

>>14256238
>Actually massively bullish. The coin isn't anything radical but at 9m marketcap it really won't take much to spam it up.
YOU FUCKING LOW IQ NIGGER. ONLY LOW IQ NIGGERS THINK THE PRICE IS LOW BECAUSE YOU ONLY LOOK AT THE MARKETCAP OF THE CIRCULATING SUPPLY. YOU DUMB FUCKING IMBECILE. THE TOTAL MARKETCAP IS OVER 300 MILLION DOLLARS. YOU DUMB FUCKING IMBECILE. KILL YOURSELF

>>14257113
Do you have autism - you got called out in the other thread and so run here?

>>14257113
>>14257264
this
What is 6% of 100 billion?
The absolute state of this moronic board.

>>14257349
It's 100 million....

>>14257447
Oh shit no im the moron now, long day of work.,,

>>14255459
the white paper essentially says 1 rsr= 1 rsv based what i read. I am a brainlet can somone explain to me how this shit works

>>14255589
>facebook's libra has the same tech
Please elaborate how facebook's libra has the same tech when it's centralized and reserve is decentralized. Libra is to be used exclusively on Facebook too.. they want to lock ppl into their networks. Rsr doesn't work like that plus reserve is going after areas with hyper inflation, not places like the us.

>>14257484
https://reserve.org/blog/rsv-vs-rsr-a-primer

>"This[RSR] digital asset provides capital to bootstrap the Reserve network and offers token buyers the opportunity to purchase newly minted RSV, which will allow them to profit through arbitrage trading."

RSR haters WILL die poor and alone

RSR chads will die wealthy surrounded by their beautiful wives and and dozens of children/grandchildren

Can someone put it into words exactly what having RSR allows you to do? (assuming the project is successful)

My understanding is its something along the lines of for example "I am a consumer that holds 1000 RSR. With that I can exchange for X **not necessarily 1000** amount of RSV, which are worth 1$ each"

>>14257920
it allows you to go broke from buying it on pure hopium.
its gonna stay under $0.01 for ever

>>14257920
It's a global reserve currency that you can rely on to preserve your wealth if your country's currency gets hit by hyperinflation, a la Venezuela.

>>14257948
>>14257113
Changing your ip doesn't make it any less obvious.

>>14255685
BRAP will moon !!!

can some1 shill me on this?`tempting to pick a bag now that it's down 15%

And it's actually at 17mill mcap. Their telegram admin says that coinmarketcap is yet to be updated. Coingecko has the correct information, and the circulating supply is over 6 bill, not 3 bill.

>>14258291
Pretty basic, not a shitcoin so the team won't exit scam. Has some good presentation and low market cap. It's stable bottom seems to be around 28 sats. Hopefully it'll see some adoption with the app release but until then it's not going to dump below 28.

>>14255589
Exactly, I feel sorry for brainlets who don't understand the insane inflation which will occur once the remaining 97 % of the supply is released.

>>14258291
could eventually be worth $1 each assuming this stable coin actually become relevant

>>14257113
This is exactly how I feel too when I read dumb fucks who don't discount the future inflation.
Thanks my man!

>>14258405
97% of the supply isn't being released at all like that.

>>14257920
Someone correct me if I am wrong but:

For example, if RSR is 10 cents each, a dollar worth will get you 10 RSR on exchanges.
and by using the smart contract created by Reserve Protocol, you can trade 10 RSR for 1 RSV.
So essentially, if you can get 1 RSV with 1 dollar if you go through these steps.

The profit comes from arbitrage. Let's say 1 RSV is $1.02 on exchanges, then you can arbitrage and make a profit of 2 cents for every dollar.

People will be using RSV just like how they use Tether atm, so the price will fluctuate around $1.00. Arbitrageur will be able to make some profits by helping to keep the price around $1.00

so if the price of RSR keeps increases before the mainnet launch, then the RSR to RSV ratio will be smaller, and early buyers will be in profits. The ratio doesn't necessarily have to be 1:1 but it is possible.

>>14258405
>>14258426
jesus christ all you do all day is spout retarded nonsense in threads of coins that do not have their entire supply unlocked.
get a life fucking retarded mongoloid

>>14258426
>>14258405
Might want to switch up the typing style if you want to convince

>>14258453
>>14258475
Sry Pajeets...
I still love you though :*

>>14258468
Essentially yes it would eventually sway around $1 but it's burnt on arbitrage, so with time the price pressure is up.

Oh no no no
This was a dead cat bounce after all...

>>14258468
that's basically the mechanism

>>14257948
even if that's true, i'll gladly take me 4x

>>14258744
Same anon once again. Desperately sad.

>>14258811
>shizo anon
big yikes. get help.

>>14259133
Ok ill wait on >>14258426 to post again then! Unless of course that ip has already been refreshed away...

>>14259617
Hi, you're cute and highly intelligent...

>>14259770
> switch phone to wifi and back
Amazing

PRECIATE YALL RSR POSTERS!

this shit has to be wrong.
the 24hr volume is 2 times the market cap.
CMC has fucked up somewhere along the lines here.

can another anon confirm?

>>14260633
the marketcap is incorrect on CMC. Go look on coingecko, that's the correct one, their telegram admin said. It has double the circ supply that cmc is showing.

>>14260633
but still, 20 mill volume for a 18 mill mcap coin is strange. Dunno if the volume is incorrect, the admin only said marketcap and circ supply

>>14260656
>>14260691
thx fren, really preciate yall

>>14260691
It's all true, people are buying the shit out of this thing. Volume has increased dramatically over the past few days.