/biz/ - Business & Finance

>>14752651
1 million

>>14752685
I only have 500k anon. Going to add another 500k soon. This is the true decentralized stable global currency.

>>14752685
This, Sergeant Major

>>14752725
This is awesome anon! I saw something like this for link too. I am big bag holder of link and rsr is next moon mission.

sqt major reporting

I think 100K is minimum for a good return.
1MM + is pretty solid.

>>14752651
>>14752685
>>14752725
>>14752790
>>14752802

brainlet here, why should RSR gain value?

>>14752725
Is $1 per rsr possible in 2 years?

>>14752825
This is targeted to third world countries where inflation is major problems. This coin will be used by 1 billions user in 2 years.

>>14752825
RSR is not the stable coin.
It will back the stable coin in the future.

>>14752829
I don't know anon but that piece of shit XRP got to 75cents if you buy a million of these at 0.003 cents well you do the math. By the way not a single poo in loo in the team.

>>14752853
I know that, but why would it gain value?

> up 6.66%
w-what does this mean guys?

>>14752875
xrp actually hit 3.80 at one point**

BlockTower invested in RSR and Ari Paul was talking about RSR in this tweet. This is huge anon!

https://twitter.com/aridavidpaul/status/973691413455044608?s=12

https://youtu.be/rb4e34btRbQ

Watch this and you will see how big is this project.

>>14752898
I would love to own more, if I would not have lost so much on these Binance IEOs before entering.

>>14752898
>https://twitter.com/aridavidpaul/status/973691413455044608?s=12
Good find

>>14752829
x30 tops... lotta anons being over zealous

>>14752651
it really depends on your greed level.
1M RSR will easily be worth 10 million in USD by 2024
Just to put it into perspective but keep in mind, fiat currency is dying.
And at that point you'll be able to use RSV to buy anything.
Thats where this is going.

RSR is a 100% money maker. But thats all im spoonfeeding this thread.

>>14753355
First use will be DeFi. Once my RSR bags are full, I’m putting all my Norman savings bux in RSV and supplying it to either compound, or to Huobi’s defi platform. Whichever launches first. Do your part to bolster the ecosystem around RSR.

So many buy orders going through now i should of doubled my stack

You guys are retarded. Everyone in SV is investing in cryptos. Coinbase has a department specifically dedicated to investments, like YComb. That said, I have a bag. But those arguments are really low IQ.

Frankly, I don't understand the need for this token. USDC is fine. Tether is fine if it Bitfinex doesn't get wrecked or exitscammed.

Why would people use this coin? What purpose does it serve?

>>14752879
If anyone can answer this I will unironically go buy 1 million of these right now.

>>14754448
>Tether is fine if it Bitfinex doesn't get wrecked or exitscammed
I don't hold any RSR but this is a big fucking if

>>14754495
You can make profits once mainnet is live by using your RSR whenever RSV is off its value (arbitraging). This is better explained in the whitepaper.
Whenever you buy RSV with RSR, the RSR will be burned, thus lowering the supply.
If RSV will be used a lot, which there are good reasons for to believe it will, a lot of RSR will be burned. Especially when the price of RSR is still low. Right now RSR does not have any use until mainnet goes live. You can speculate how big the adoption of RSV will be and try to calculate how much RSR would be burned and what its price should be.

>>14754652
What happens when all the RSR is burned? Is this really how this works?

>>14752651
in case you thought this isn't an idex pnd: Two fundamental flaws will cripple the Reserve platform until resolved: 1) the lack of any semblance of an effective governance structure, and 2) the lack of a process for tokenizing their reserve assets and creating a decentralized liquid market for their currency.

>>14754698
It's also minted.

Great to have people start to see the value of decentralized stablecoin, Decentralization enables Reserve to go to places where people need it the most.

>>14754698
Realistically all the RSR will never be burned, because when the total amount gets closer to zero, the price of RSR will increase ofcourse and thus it will require less RSR to buy RSV because of its higher price.

>>14754698

Then nothing. It's a stupid fucking scam coin. Google their FAQ on their blog and read it, it's fucking embarrassing. The team literally openly doesn't believe in it.

>>14754729
No new RSR will be minted. When the team talks about minting, they're talking about releasing the RSR held by the team to stabilize RSR in certain situations.

>>14754808
to stabilize RSV* I mean

>>14752825
Because retards will buy into the ponzi

>>14754808
>>14754819
Will this be automatic via a smart contract with set conditions or up to the team?

>>14754828
Via smart contracts

>>14754860
So this is where chainLINK comes in right?

>>14754877
Possibly, I don't know

The major problem with the majority of stable coins at the moment is many of them dont have the capacity to actually scale when the crypto market cap enters into the trillions. This bullrun we're in right now will see massive adoption of stable coins as anons begin selling off into them at the ath. What the Reserve protocol manages to accomplish is the establishment of a regulatory compliant stable coin that has the ability to scale for world wide demand and a crypto market cap exceeding 100 trillion. For these reasons, and a long list of many others, smart money is in on this dark horse early, and make no mistake - marketing for Reserve will kick into high gear in Q3 and many nu-bizlets will miss this boat.

>>14752651
Zero. This is a group shill. Buy Zuckbucks to make it.

>>14754916
my portfolio is 50% libra 50% zuckbuck, am i 100 cucked?

>>14754907
Why do you keep repeating this anon? I've seen this too many times again and again on warosu.
This is the type of shit that makes me skeptical about this.

>>14754916
>Zuckbucks
do you buy when available or wait for inevitable tank

>>14754969
You let yourself get influenced by a single spamming anon?

>>14755043
No but usually the shit that's shilled on /biz/ is dogshit.

>>14754808
this is blatantly false and not in the whitepaper

>>14755139
Then explain how it is

>>14755155
the white paper literally says new RSR will be minted when needed to help stabilize the price

>>14755195
Smh, learn to read. You can always ask the team yourself in their telegram or wherever

>>14755112

This isn’t true after link

There are researchers who find the RENs, then Pajeets who come on here to push nuke and brap

>>14755564
>usually

>>14752725

>Have over 2 million RSR
>one of its original posters here
>only a first lieutenant

Fuck that shit man. I'm like rank #140 in holders.

op, get as many rsr as you can. sell your house and car, live in a tent, take out a loan, ask friends and family for money, rob people, get knee pads, do what you can to get more rsr. rsr is going to 20,000x over the next 8-10 years

dont you wish you did this with bitcoin 10 years ago? this your chance now

bought a couple million

This is not how you spell XSN. And the answer is 30,000.

>>14755221
You are telling others to learn to read? Try learning yourself first. Section 4.5 of the white paper:
>Collateral tokens are somewhat volatile. While we may be able to select a portfolio
with minimal downside risk, the reality is that drops in the collateral tokens’ value will
happen. When this happens, the Reserve Protocol will sell newly minted Reserve Rights
tokens for additional collateral tokens and add them to the backing.
>newly minted Reserve Rights
RSR looks like a good project but this mindless shilling is a red flag. I hope you're just an overexcited buyer who simply didn't read the white paper properly, rather than a paid shill who is deliberately misleading people. Go back and read the white paper again, and then tell us whether or not new RSR will be minted in certain circumstances.
The fact that new RSR might be minted doesn't make this a poor investment. This is exactly how Maker and every other algorithmic stablecoin works btw. MKR/RSR will be burned in the event of under-collateralized loans. This risk is why you get rewarded for holding them.

>>14758127
we know rsr will be minted sometimes you assclown. we believe that more rsr will be burned than rsr is minted

>>14758332
minting RSR is a failsafe of the system in the event some malicious whale rekts the entire supply. its to prevent the system from collpasing. ir likely will never be used. hence, RSR is deflationary.

>>14758332
I was responding to the person who literally said
>No new RSR will be minted
Try figuring out the context before you join in a conversation, otherwise you'll continue to make worthless contributions and waste everybody's time.
>>14758351
The team/white paper disagrees with you, and says
>When this happens, the Reserve Protocol will sell newly minted Reserve Rights
tokens
Notice the "when this happens", not "if this happens".
If you people are missing such basic concepts no wonder most of you lose money.

>>14758413
you are fucking retarded dude. just stop shitposting.

>>14758435
Congratulations on finding such an efficient way to demonstrate your lack of reading comprehension.

>>14758470
id break your fucking legs you pernicious faggot.

Where can I see my rank in shitcoin/rsr holdings among other hodlers?

>>14758642
https://etherscan.io/token/0x8762db106b2c2a0bccb3a80d1ed41273552616e8#balances

i dont believe for a second that any of the big investors own the RSR token itself. They probably have some kind of financial agreement with Reserve itself

>>14758654
>tfw not even top 200

>>14759452
> tfw rank 69.

>>14754916
Man sell your zbux soon. Just one of the early whales could dump anytime and it will never recover. I got out a week ago and made off with 700usd for free. Dont be the smuck left woth fake shekels.

>>14758413
You care an awful lot about a super random obscure internet money that you dont even like?
Come upstairs anon. We miss you.

>>14758413
>I was responding to the person who literally said
>>No new RSR will be minted
>Try figuring out the context before you join in a conversation, otherwise you'll continue to make worthless contributions and waste everybody's time.
i know you were correcting that other anon but you should have said they expect more rsr will be burned than minted