/biz/ - Business & Finance

Coinbase listing in the future confirmed. Biz will buy at 0.10 like usual

R8

>>15312718
10/10 let's get to 2M brother

>>15313133
>>15312718
2M RSR is my goal too. I need another 420,000

I did my own research, but I am not sold yet. Shill me more as to why this will net me more than DUSK, long term

>>15313388
Coinbase and Peter thiel invested, huge arbitrage opportunity between RSV/rsr even if RSV doesn't catch on. RSV not even out yet, launching this quarter. This is earlier than early for this project

>>15313672

coinbase investing means 0. they can announce it's being listed and make money selling their bags as it pumps and then dumps.

Comfy on 10M rsr. I don't even check the price. I just hold this shit knowing that in the near future it will X10 - x100.

What's the point of this shitcoin? Did they market it to you guys as totally going to be $1 someday or something?

>>15313672

>>15313706
this, plus Peter Thiel invests (and has invested) in plenty of start-ups that ended up failing. As much as I like the entire idea, it's not grabbing my attention.

I will watch RSR for a while however

The goal is to be the top global reserve/stable currency based on a pool of global currencies and other assets.

They have a former SEC commissioner on their advisory board.

Early stage investors include Coinbase Ventures, Peter Thiel, Sam Altman, Digital Currency Group, Crypto Lotus, Refactor Capital, Jack Selby(Paypal founder), Distributed Global and many more.

This project is supported by the fucking moguls of Silicon Valley.

The mobile app will be released next month and they will be testing it various hyperinflationary environments, starting with Argentina.

>>15313748
>it's not grabbing my attention.
>I will watch RSR for a while however

Do you RSRlets pride yourself on having cognitive dissonance?
Or is that just a side effect of being destined to poverty?

500k here. as stated in the whitepaper, will be start selling near 10$

>>15313835
Based

>>15312718
>>15313133
>>15313345
600k to go for me. We were born to win lads

App launch is at minimum 2x and that's within a month. Biz just has no patience

crab market for weeks

>>15313835
>>15313844
>its in the whitepaper that you'll totally be rich

I don't see what could possibly go wrong.

>>15313388
https://hackernoon.com/a-comprehensive-guide-to-decentralized-stablecoins-22f66553c807

I'm 100% in RSR now. Honestly most coins looks like dogshit compared to it.

There is a huge need for stablecoins (Tether) and a huge weakness in that market (all of them). This is a classic value play.

I do think Reserve should release Fiat tethered stablecoins in addition to RSV though. RSD, RSE, RSY, RSYe, RSP

dubs decide when crab market ends

8/31

>>15314468
9/17/19

>>15314468
8/24

>>15314468
October 2019

VC scam

>>15314468
$0.01 September 2019
$0.10 March 2020
$1 August 2020

>>15314061
You are smarter than the average person

>>15313748
That is the nature of VC, to get a few winners out of a bunch of bets, but VC's don't (usually) invest in things that they believe will fail. They just make bets.

So the question is, do you believe your assessment of a good bet is better than Peter's?

>>15313388
They have boots on the ground in VZ, Argentina, making connections with banks and merchants, and in Angola, where they have a big cell phone company preloading their app on a million dumb phones. This project is actually going for real world adoption- if you can't see the potential, don't invest.

>>15313706
Coinbase did not buy tokens, they invested in equity.
>>15315365
Even if he gave half of the 5mln seed round that would only be 0.1% of his net worth. That is similar to someone with 10000$ investing 10$. Though according to their telegram he is more involved with the project than just being an investor as he once wanted to do a similar thing with paypal, so that is a good sign.

>>15315365
>VC's don't (usually) invest in things that they believe will fail
Good point
>>15315552
>VZ, Argentina & Angola
Interesting choice of countries but slightly questionable


you've got some real jew genes convincing me like that here mr Goldschmeding, I think I will get a nice stack now it's still this price and hodl. hope fees from binance to idex won't cuck me

Got my baggies here, but im still getting another 300k because thats what you do if you love money $$$$$$$$$$

>>15316788
Based

>>15312718
literally only biz shilled coins, kek im not against it tho im a rsr holder

current bag:
50% gold bars
25% silver coins
25% RSR

>>15315933
Also, this is the second time he's invested in this team. He must believe in them.

Is there a more kino coin than RSR?
Nice suits, sexy cares. Wew lad, glad im a bag holder

>>15315552
I have a small stack I bought because of Peter Thiel desu. What do more knowledgeable RSR followers think it will be worth? I thought it was aiming to be a dollar stable coin

>>15315952
How'd you know I was Jewish
Really

>>15315952
>Interesting choice of countries but slightly questionable
They are targeting economies suffering from hyperinflation

I have a minuscule stack, not even worth mentioning of 1.5 million. But just glad to be along for the ride watch you lads get rich

>>15317953
You could walk away with $1 mil with that stack, not even far-fetched

I WANT RSV NOW

noob question, if the price of RSR is constantly going up, wouldn't that take away the incentive to use it for its intended purpose (arbitrage)? and so they'd want to mint more RSR?

>>15317953

I’ve got a measly 145k stack but I still feel comfy on this ride

>>15317918
>I thought it was aiming to be a dollar stable coin

They have another coin (RSV) that is aiming to be pegged to $1. This coin (RSR) is collateral backing to help maintain the value of the stablecoin. The price of RSR is soft-capped at $10 by the protocol. That doesn't mean it'll ever hit $10, but it can, and they're developing the protocol around that potential.

>>15318272

Yes, the protocol is designed to mint more RSR if the price ever exceeds $10.

$10.

One more time.

$10.

>>15319287
hey how do you guys get so much unique tags?

>>15315552
this is the real reason it's retarded to FUD this anymore. this is probably the first crypto token with big investors to actually have a fucking reason for its normie target demographic to adopt it quickly. this thing will probably smash user adoption records quickly, just from launching in selected regions.

BITCH i got that RSR

Whats max supply of this shitcoin have 70eth to toss around. sirs help pls

>>15319432
6.8% is in actual circulation. coinmarketcap's data is incorrect, go to coingecko to see real stats

>>15319440
6.8% ok. When will the devs dump?

>>15319448
every RSR that is locked up is on a release schedule. there will be no surprises with dumping when it comes to this project.
essentially the first 3 years the supply is going to be around 20 billion but keep in mind there will be constant burns of the token when its being used.

>>15311843
Is 300k enough to make it

>>15311843
Imagine buying this instead of UND.

10$ in yer fucking dreams
Their telegram is full of retards asking the same questions over and over again. Thinking they can take advantage of the arb with the $50-$100 they have "invested".
The community "managers" aka pajeets Sandeet Kumar Punjab and Mohit from pajeetistan repeat old posts over and over again. Nobody knows anything about the true technicals.

This shit is going to $0.0020 soon.

> Muh coinbase
> Muh arb advantage
> Muh $10/RSR its in the whitepaper
> Muh link oracle "partnership"

Open your fucking eyes, it's a centralized "company" coming from a training academy which happens to be located at the same city. Trying to do business with US sanctionned countries, good luck with that.

Yall gonna git rekt

>>15319705
yea except none of what you said matters if you believe the team can deliver on their vision

it will be centralized at first yes but the plan is for it to be operating in a decentralized manner independent of the founding team in the long term

>15319730
>None of it matters

HAHAHAHAHA stay poor fag, go suck Mohit and Kumars dick.

>>15319730
>>>15319705 (You)
>yea except none of what you said matters if you believe the team can deliver on their vision
>
>it will be centralized at first yes but the plan is for it to be operating in a decentralized manner independent of the founding team in the long term

Get that BBC out of yer mouth, nothing starts centralized and ever turned "decentralised"

You either start off correctly or you dont.

Should I buy 1000 $ of RSR ? Im a complete noobie in crypto I own like 0.02BTC and 50LINK.
But It's max shilled here and I want that juicy x100.

>>15320097
>Should I buy 1000 $ of RSR ? Im a complete noobie in crypto I own like 0.02BTC and 50LINK.
>But It's max shilled here and I want that juicy x100.

No

>>15320116
>No
What should I buy then

>>15320154
Bitcoin

>>15320167
I imagine that's the "safe" bet but I don't see BTC doing x100 at all. Well I guess x100 is very rare.

>>15320194
Has nothing to do with safe.
Look at the charts, alts are still downtrending, RSR wont be an exception

>>15320239
So you think all alts are going to get to 0 while BTC is going to get all the money ?

>>15320097
Don't. Or at least wait till it hits 15 -20 sats when btc starts pumping hard. From there it could 2x and that's about the best you can hope for with this shitcoin. Coins don't pump on 'news' anymore, that happened only in 2017 and part of 2018. The app release won't have any major effect on price - 2x starting from 15-20 sats, if that. No interest in actively seeking new exchanges from the team. Chr has been getting a new exchange every month since listing and they had their ieo even later than rsr. This time next year you'll still hear this from rsr, " we understand the importance of liquidity but we cannot discuss exchange listings", they'll stretch this excuse for as long as they can. And anyway rsr will be forgotten by this time next year, forced into oblivion by bigger, brighter and more business-savvy competitors.
A quick look at its telegram group will in fact make you want to run. The desperate poorfags clinging to this shitcoin in the hope of 'making it' cannot back up their predictions with anything other than 'Peter Thiel', an unknown entity to pretty much the whole world save for a few unhinged alt-righters in the US.

>>15320284
This guy knows whats up
>>15320273
Yes

>>15320284
>>15320297
Thanks frens, guess I'll get 1K$ of BTC

>>15320313
Smart man

>>15320284
Congrats discord tranny, made me reply.

>>15319705
I see the discord group produced a new FUD copy pasta

>>15320331
Cant distinguish OC from a copy pasta.
Stay poor pajeet

I summon the true RSR whale

I'm not fucking missing out this time, all in (soon)

>>15320097
Yes

>>15320284
>Peter thiel
>unknown

Lol you had me until that part. 5/6 fud

XFT guys, forget the rest. Just stopped by for a teaser

>>15320284
fud. rsr has been contacted by many exchanges. once huobi contract expires it will get listed on them all. including coinbase who owns a % of the company behind rsr.

Fuark I don't know what to think.
Guess I'll start by reading the whitepaper to make my mind.

>>15320422
I'm positive a us regulated exchange will consider listing a token that's doing business with a sanctionned country.

Are you all really this stupid?

>>15320443
It's not that hard

> Stupid high supply
> Hardly 6% of supply is circulating
> Team ignores proper questions and keeps focus on "arbitrage"
> Admins in the TG are retarded
> Team has 0 blockchain experience
> Team is doing business with US sanctionned countries
> Community/team believes RSR/RSV will conquer tether ( lmao )
There's so much more, use your common sense and you'll see it

>>15320450
Nevin already discussed this in the telegram group
If you are going to attempt to FUD at least know more than the people that hold the token. You sound really stupid otherwise.

>>15320443
Dude
If that guy trying to get you not to buy this token really thought this token was shit, he wouldnt be hanging out in this thread.
Dyor.

>>15320479
Nevin is coming from a training academy and has 0 regulatory experience, stfu. You don't know or understand what you're talking about.

You're forgetting that the man that "promises" they won't have any regulatory issues has 0 experience with regulators

>>15320493
>ShloopyDoggo

Dude i know who you are
Give up

>>15320497
No you dont. Im Boomi11 aka toptrader rdy to dump on your ass. Go suck Oopy's dick

>>15320506
The fact that you know him confirms you are in that cooy pastaFUD grouo

>>15320508
Paste an invite link and I'll join pajeet

>>15320516
Hurry up and finish your accumulation so you can stop FUDing

>>15320517
>>>15320516 (You)
>Hurry up and finish your accumulation so you can stop FUDing

Yeah ill accumulate something that has 6% circ supply lmao

>>15320443
lol at you or anyone falling for obvious FUD, as if this anon decided to look out for you specifically. there are only 3 types of people who take the time to reply repeatedly about an investment:
1. investors
2. discord trannys who want the price to dump so they can become investors
3. paid shillers

notice there is no option for "white knight saving anons from a terrible fate by pasting paragraphs worth of FUD"

make your own decisions, be suspicious of repeat posters who can't get their point across in one post

>>15311843
All these RSR threads remind me to accumulate RFR

>>15320562
Neck yourself

>>15320525
>6% circ supply lmao
Educate yourself. The large supply probably will never be circulated, in fact a burn is expected.

>>15320493
>0 regulatory experience
This is why he counts people like a FORMER SEC COMMISSIONER as his advisors.

>>15320609

Do you realise that "advisors" just get paid to use their name? Name me 5 "advisors" of any project that actually did something for the project.
Even Buterin did jack shit for OMG and he was an "advisor". If i only knew sooner how ez it was to take retards their money, even children know not to give away their candy. Why are you willingly handing your cuckwage to people who won't achieve anything

Hyperinflation induced poverty is inevitable.
You will all need RSV soon.

>>15320467
>> Stupid high supply
>> Hardly 6% of supply is circulating
Already addressed this, most of that supply probably will never be used, in fact burn of circulating is expected
>> Team ignores proper questions and keeps focus on "arbitrage"
Not sure what kind of proper questions you are thinking of
>> Admins in the TG are retarded
You sound retarded
>> Team has 0 blockchain experience
True, they didn't obtain degrees from Blockchain University. In all seriousness though, they have even said the smart contracts are a relatively simple part of the project, and they are not building a base chain.
>> Team is doing business with US sanctionned countries
You mean Venezuela- they've been asked in AMA about this, and they've said the sanctions apply to specific entities and not regular people, and that's why they will have KYC for the fiat gateways connected to their app.
>> Community/team believes RSR/RSV will conquer tether ( lmao )
If you think Tether's peanut-sized crypto casino market cap is the market opportunity, your brain is also the size of a peanut

>>15320661
Yup, we'll all need something that hasn't proven it works.

Stop trying to shill your bags, it's not going to work. Any one with half a brain can spot the red flags.

Just buy bitcoin

>>15320722
I like BTC
I think the best crypto portfolio right now is BTC & RSR
Thats it

>>15320718
Probably never be used.
Sure anon, you'll probably never use the shlong between your legs either.
Go through the AMA questions, the only thing the team responds to is arb. They refuse to disclose anything about used algorithms to determine arb options.

"Confirmed" partnerships with stinkie linkie but they openly state " we don't know if their oracle solution suffices "

KYC for the app.
You're kidding right? Half of venezuela's pop probably can't read and do basic math. The app is a joke, they don't even need KYC. They need AML.
> Muh decentralised stablecoin needs KYC
Fucking moron

>>15319705
>it's a centralized "company"
You would rather invest in a decentralized collective with less organization? How would that work?

They've said decentralized governance and ops will be adopted as part of an iterative approach. There is a medium post about it. Weak fud

>>15320722
There's a medium post about unicorns being real too

>>15314468
2021

>>15320794
>>15320759

>>15320807
>Still here

>>15320830
Not going anywhere


>>15320730
Swap RSR for XMR.
You got a real portfolio now.

>>15320758
>Half of venezuela's pop probably can't read and do basic math
>Fucking moron
https://countryeconomy.com/demography/literacy-rate/venezuela
>Venezuela has, according to UNESCO, an adult literacy rate of 97.13%. Only in a few countries female literacy rates are above male literacy rates, in Venezuela, 97.21% of all women aged 15 years and older are literate, compared to 97.04% of men.
I think you're the illiterate moron who probably hasn't traveled and seen the rest of the world

>>15320892
Explain why I'd want to travel to a country that's sanctionned by the GOAT, has no economy, no infrastructure, ugly people and bad food.

Maybe i should and sell my RSR there in the slums for their super valuable national currency

>>15320937
You are a moron who thinks people can't read in the rest of the world. Get a passport and leave your basement
No one should trust anything you say

>>15320968
So triggered

You're probably Kumar, Sandeep or Anwar. Stop being offended

>>15320856
except privacy meme coins are being made illegal by various nation states.
soon, there wont be anywhere to legally trade them, brainlet.

>>15320991
> Buy crypto to escape hyperinflation created by govt.

Govt bans crypto
> Wat do now

They can't stop XMR retard

>>15320987
I think when you said Venezuelans can't read, you just exposed yourself as someone who probably doesn't have a passport or have a clear idea of how the rest of the world works

>>15321004
enjoy losing all your money retard.

>>15321013
Enjoy holding soon to be illiquid erc20's

>>15320758
Based basement dweller lmao

>>15321119
Still better than being a pajeet that can feed a family off $1

We will all make it

>>15321515
Hi
I'm still here

>>15321618
I know
Because you love RSR like the rest of us

>>15321641
No I dont.
I don't have any

I just enjoy watching people trying to get their fav coin hyped whilst it's made out of nothing but thin air.

>>15321222
Youre super mad

>>15321739
Yes yes very mad reeeeee
I get triggered by people online reeee
Stop touching me in these wrong places reeee
All dem feels

>>15321667
How is it made of thin air? This project sounds like it's taking a different approach, building a foundation in economies that actually could benefit from crypto but haven't had the benefit of am accessible stablecoin. Anyone who spends 10 minutes checking the site, Twitter, YouTube, etc. can see that there is a lot of substance here, and real people doing laying real groundwork.

Stability mechanism is innovative and it seems like Libra was even borrowing ideas from it. Your fud is based on thin air.

>>15321791
> How is it made of thin air.
First of all it's an erc20, aka "we're lazy, didn't do enough research and just wanna piggy back off ethereum". Furthermore they're consideration tron based, another scam.

They have no idea how ethereum transition from PoW -> PoS will affect them ( personally still in doubt eth will transition )

There's literally nobody on the team that has the proper economic knowledge to even properly consider the idea that they've thought of.

They literally have N O T H I N G to show for, no code, no algorithms, just a few blog posts and screenshots of an app any 10 year old could create.

As I have previously stated they will face regulatory issues, the sec won't just allow them to "become the biggest stablecoin business" dealing with sanctionned countries. Even if Nevin claims that they're not affected by it the Venezuelan govt won't just allow a rando us based company to become huge in their country without a proper deal, which in turn means Reserve will have to talk to the govt, which in turn will trigger the sec.

Reserve seems to claim they need KYC - i disagree, they need AML. They cant seem to tell the difference.

The entire community consists of people believing RSV may actually hit $10 and take away the spot of Tether - newsflash: it never will.

I dont even know why I keep saying this shit, any one with proper self reflection and a critical mind knows the chances of this working out are near 0.1%.

There hasn't been a single convincing argument in any RSR thread on why it could work.
> Inb4 Peter thiel
> Inb4 Sam
> Inb4 cb ventures


Getting paid for using your name != Success

>>15314468
Ends on 29.08.

>>15321918
>The entire community consists of people believing RSV may actually hit $10 and take away the spot of Tether - newsflash: it never will..

RSV wont hit $10 kek...

>>15321918
>it's a scam because it's using ethereum
>it's a scam because they gave tron as an example of a chain they could implement cross-chain interoperability with
>it's a scam because no econ phd on staff
>it's a scam because code is not published
>it's a scam because there will be regulations
>it's a scam because only you are smart enough to know the difference between kyc and aml
>it's a scam because you say it won't reach a hypo price target that others hope it will based on whitepaper examples
>it's a scam because anyone off the street can pay peter thiel, coinbase etc. to use their names, which is why peter thiel and coinbase are attached to every project in crypto with a few million bucks to spend. they need the money so much

>>15322101
Nice catch. Idiot confuses RSV and RSR

>>15322118
Let them hate.. we will be the ones laughing this time next year. Or even this time in two months. Screenshot this >>15321918

You guys can't make your decision. And me neither.
MY 1K$ WHERE ARE HTEY GOING

>>15322178
If you honestly have 1k to spend, put 500 into RSR and 500 into BTC. Safe bet. If you want to make it make it.. 1,000 into RSR. Huobi is your place.

Our guy!

Let's go RSR!

Devs hold 60% of the supply, muh decentralized stablecoin,

>>15320422
>once huobi's contract expires
What a bald-faced lie, huobi doesn't hold any project hostage past the first month. The team is free to list on any exchange of their choice but why would they when their own tokens don't get unlocked before 2020?

>>15322178
If most of your possessions are exposed to relatively few risks, like money on a savings account, you might as well go for something more playful with your investments.

>>15319705
>Open your fucking eyes, it's a centralized "company" coming from a training academy which happens to be located at the same city. Trying to do business with US sanctionned countries, good luck with that.
Unironically all false as fuck.
How will a company ever survive in San Francisco?

>>15319742
>HAHAHAHAHA stay poor fag, go suck Mohit and Kumars dick.
Cope level 11

>>15320493
>You're forgetting that the man that "promises" they won't have any regulatory issues has 0 experience with regulators

Retard. Peter Thiel unironically founded Palantir which exists to sell AI, and DS services to the government and "regulators". They have an SEC chairman on their board. Try harder anon you sound like a jackass.

>>15320644
You are really struggling now. looks sad anon

>>15321222
What's wrong with feeding your family cheaply?

>>15321918
>we're lazy, didn't do enough research and just wanna piggy back off ethereum
Stopped reading at has no idea how the crypto ecosystem works.

>>15311843
Why not use DAI instead? How is it more decentralized?

>>15325282
DAI has a problem fundamentally. To get 1 ETH worth of DAI you need to lock up 3 ETH as collateral in the contract. As demand for DAI increases It's harder and harder to lock up 3x the worth of DAI in a contract, like there's no incentive. Why would i lock up 3 ETH worth of DAI to get 1 ETH worth of DAI while i can just go to the exchange to get 1 ETH worth of DAI for 1 ETH, And this is how the majority thinks.

All this try hard fud is making my dick hard.

>>15322101

RSR* won’t hit $10. They base that off an example in the white paper. One fucking line that says what would happen if RSR would exceed $10.

It still has a ton of potential though. I’m putting in a few hundred a month. They have a lot of work to do to prove this project has value to the public, thoug.

1$ EOY 2020

That’s how I feel. Why would I lock up 3x the price to generate a so-so stablecoin if my locked ETH is likely to get liquidated when ETH declines again? I just don’t understand why anyone would utilize CDP in such a volatile space.

just bought 100k
post more memes like OP related

>>15325988
And it's so funny and cringeworthy watching the Reddit discussions between the reserve team and maker after Kevin published his huge paper breaking down why makerdao won't/isn't working. It truly opened my eyes. It's simply the flavor of the month defi project but it will soon fade away. Leveraging human greed and incentive is what drives success within a decentralized cryptocurrency and economy. (I.e Bitcoin). And reserve has laid out the not-at-all challenging roadmap to create such a thing. Regarding ethereum, the devs already stated they are working to make it chain agnostic at the fundamental level and if ethereum fails (it won't) they are ready to create their own chain or migrate to a new one.

I love RSR, but this won't moon until it's listed on a US exchange and/or the arbitrage actually begins. The former can happen anytime this year and the latter might take longer. Definitely a sound investment though. The fudders brushing off the investors backing this project are literally retarded. It is a big deal.

>>15326476
Exactly this is a long term hold 2020 should be when we see some real process with the project and RSR price. Biz only fuds this because they can't wait that long and are looking to gamble on the flavor of the week moonshot

How to use RSR when there is a complete blackout in city?

>>15326649
cell phone dumb fuck

>>15326688
When battery died?

>>15326720
Then the world ends as we know it.

>>15322101
Lol, once off the peg, RSV could actually be worth 10 USD eventually if the dollar keeps inflating and RSV manages to stay stable. The tech has to work tho.

>>15327504