/biz/ - Business & Finance

you're a gambling man

>>15512085
>you're a gambling man

You think? To see the team of investors and the people behind it has me feeling super confident.

>>15512091
nevermind, you're retarded

>>15512115

for what reason?

"The project is supported by PayPal co-founder Peter Thiel, Ran Neuner, and Mike Arrington of TechCrunch as well as the President of accelerator YCombinator Sam Altman which makes it one of the most awaited projects of 2019."

https://www.ccn.com/coinbase-billionaire-peter-thiel-back-new-reserve-stablecoin/

okey dokey nothing to see here folks

I traded all my link at four dollars and later bought Ripple.

Only a fool would not buy ripple and hold shit like Link.

>>15512242
I have like 200$ of XRP but people talk shit about it a lot and I'm not mega confident in it.

>>15512082
clearly el retardo, but dont take my word for it you shall see yourself

>>15512355
what do you see great master

>>15512331
I’d sell it, if you have that little you’ve never had an incentive to keep track of ripple news.
Ripple is a dumpster fire, I know little about it and even i know the ripple r3 connection is dying fast. Only reason ripple was involved in the whole corda rhing was because they had a fuck ton of ripple. Link+stablecoins will btfo of ripple.
If I had $200 and didn’t want more link (which I don’t because linkies are stupid) I’d stick it in a new moonshot like rsr (I hold 0 rsr but its mcap and backers make me think it will at least pump and dump in the future, if not actually go up and stay up)
Dead altcoins from 2017 are worse to hold than new shitcoins. Look what quant pulled this year, or even holo. I’m not saying buy them, but I think rsr and quant are solid shitcoins to leave a few hundred usd in.

>>15512091
You're el retardo if you're confident. You're a genius if you recognize the huge amount of risk involved with this actually working once implemented but also understand it's a risk worth taking given the incredible potential reward.

6% circulation

>>15512386
appreciate that, good to get some sound advice on here and not just shit talk. I agree with what you're saying, from my limited knowledge what I see with the alts that I've researched is a slow / cheap start, a big huge pump followed by a crash and then people praying for a repeat pump which doesn't ever seem to happen, feel like it's best to get in early, buy $2-300 worth, wait for a pump and then get out of there.

>>15512395
I'm not really confident in any of these alt coins, I'm just more confident with rsr then I am with link or one or some of the others. I'm definitely aware that it's retarded and risky, but it's savings I'm not worried about losing, so I'm happy to just roll the dice and see what happens.

>>15512436
>>15512091
you arent thinking clearly, how old are you?

>>15512448
That's what I was trying to clarify above, shouldn't have said confident in the first post, but was too lazy to write "more confident then with other alts".

I'm four and a half years old.

>>15512414
8 billion RSR will be burnt to back RSV during the launch cycle
so RSR is deflationary...

>>15512464
fuck, didn't know this.

>>15512082
>does he know?
RSR/RSV is a system that uses multiple tokens to keep one token stable. RSR is used for arbitrage in this system and price projections range from $1-$10.

RSV will be the leading next generation stable coin backed by multiple currencies and is obviously destined for Coinbase.

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

As for Coinbase? Everyone knows they list what Digital Currency Group tells them to.^^

They have former SEC commissioner on their advisory board.

just gonna leave rich pepe here to inspire myself and bless this thread. praying for 1$

>>15512579
You unironically have billionaires in your corner working to make that happen.

you gonna make it.

>>15512599
thank you for believing in me.

>>15512579
Assuming 2-5% burn rate through arbitrage after mainnet means that depending on the price of RSR (.0025 - .0055) you could see between 400-200 RSR burned per every 1 RSV that is arbitraged. This number goes down as we approach $1 RSR, but burn RATE will go up with adoption rate and arbitrage opportunities. So even though we will see less RSR burned per transaction as it approaches $1, if the number of transactions gets significantly higher with time then the rate of tokens burned can make up the difference and push RSR past the $1 mark. It’s still very speculative but adoption rate will be known as app releases and RSV gets listed on different exchanges. I can see $1 no problem after it’s all said and done, but anything more will be difficult to know until we start to see more info. I’m hoping for $3-5 before 2022, but if it breaks this before then we’re probably going all the way to $10 or more.

>>15513017
But isn't every RSR redeemable for one RSV? I'm at a loss as to why it would ever be worth much more than a dollar unless there's some stake value I'm not seeing.

>>15512082
Pennies are definitely possible. This is supposed to be a shit currency for third world countries at best. It will never ever equal the weight of the US dollar

>>15513582
Oh wait, reread the white paper. The only thing that makes it valuable is open market value of RSR . So it's shit until the burn happens or RSR goes up with inflation. You're leveraging RSR for RSV and gain 2 cents out of it regardless. I got it now

>>15512082
you're on your way to financial freedom, we're together in it.

>>15512091
>investors
back to redit

Random question, Idk if anyone can answer it
Say you have a stack of RSR. Could you, potentially, loan it to an arbitrator (ok, an arbitrator that doesnt exist yet, but bear with me) for a certain percentage back in dollar terms, or other currency terms being allocated to a bank account?

Ok, or, would this A disincentivize selling and B present a kyc risk?

Shotgun shot in the dark here
Does this make sense to anyone?

The aesthetics are top notch, honestly, who wouldnt take RSR as collateral. Sleek, very casual.

>>15512526
$10 was a mistake on paper ceo confirmed

>>15512526
Tell me why I should spend $100 on this then. What's gonna change?

>>15512091
VCs invest with the mindset that very few of their investments will end up generating most of their revenue. So don't go nuts just based on that, even if that should make the project owrth considering

>>15514929
There was an anon who talked about making an arb smart contract where niggas coulds pool their rsr to be arbed. Haven't seen him for a few weeks.

>>15512242
>ripple
fuck ur dumb.. are u new?

>>15513768
>the weight of the US dollar
>he doesn't know

>>15514964
>$10 was a mistake on paper ceo confirmed
printing it was a mistake... the price is very possible

>>15514994
I don't know if you're trolling or whatever, but what's gonna happen when the app releases, adoption occurs, the RSV token gets listed on Coinbase and other top exchanges? What the fuck do you think will happen? lol

>>15515185
don't bother. let him miss out. this one is so obvious that if people hate on it it's prolly cuz they can't even afford a suicide stack.

most /biz/ tards with an iq above 90 are well aware that this is a gem but they want to fud so they can continue to accumulate. little do they know that fudding this is useless right now. it's too early, the initial pump was from literal pajeets and fomo from the first few that found out about it and couldn't believe it was so cheap (even when it pumped to .0041), but the fact that this is a long term hold makes it hard for pajeets to pump and dump like they usually do so they've moved on.

if you think you got fucked buying at .0040 then you don't understand what you've stumbled upon and should dump at the next opportunity and move on. ill be buying as much as possible, even if it starts pumping because i already know what it's going to be worth in the next 6-12 months so even at .0040 - .02 it's insanely cheap. after .05 you're entering normie territory though so now's the perfect time to accumulate if you're really looking to "make it".

>>15509714
SHOOP anon from yesterday please move the reserve logo a bit more to the corner and use the hashtag without the black circle like my poor mspaint related also the letters bit more smooth

>>15515264
this is garbage,.. delete.

>>15515264
We dont need brapper energy please

>>15515248
Will the Venezuela rollout cause a 2-5x?

>>15512082
Unironic retard fucking pissy pants, do u even do any reserch on this coin sir?

It is a SCAM made by Indian gay foreigners

In fact,

Lmao u guys are DELUSLOOOOOJINALL— Peter Thiel ONLY SAID YES TO THE SITE because he is fucking Little Nev Fairy. Nevin is his butt buddy.

I love gay people, and they love to suck each other off. I really wish them the best, hopefully they will get married too (yes progress!) but RSR is simply a way for Peter Thiel to keep Nevin sucking him off.

Keep in mind- Thiel has billions of $$. He only invested like a few $$ millions. So, barely a fraction of a fraction of a percent.

It is as good of an investment as a high-class whore. Nevin is his whore. Easy, he made one payment, gets some “fun money” so he can show pppl in his lil Ethereum wallet, and then he gets sucked off by Nevin without having to continually pay him his sex fee.

If you have this, I would sell IMMEDIATELY. Not that u can anywhere anyway because even the EXCHANGES know this is a (literal) gay scam.

880k here. Need more. MORE I SAY.

>>15515338
Depends if it gets adopted there. Its the sink or swim moment Id say

>>15512082
RSR holders are poorfags that are priced out of link

>>15515347
I like this FUD. Ill keep it for later, thanks

>>15515347
You'll be there, as always, your face pressed against the window, looking at all the happy, normal, functioning people enjoying their lives. As your breath stains the glass with the gross scent of Mountain Dew tinged with halitosis, you'll ask yourself: was it worth it? Was the dopamine rush from being a contrarian worth missing out on a once in a lifetime shot?

Before you can answer, you realize everyone inside has stopped what they were doing. They're all staring at you with concerned and disgusted faces, murmuring to one another. A dapper gentleman throws his hands up and stalks in the opposite direction, only to return moments later sans tie and coat. He's mad. Real mad. And he's headed for the door. Your mouth breathing intensifies and you try to move, but your legs can't. They're jelly, the byproduct of being a gymless coward who trolls 4chan for fun, and won't budge. You turn as the door swings open, drool and tears running down your chin as you know what's coming.

The gentleman rolls up his sleeves and shakes his head in pity. You try to say something and he delivers an open handed blow to your cheek, dazing you momentarily. Or... you THINK he hit you, you're positive he did, but you realize he simply feinted a jab, which caused you to turn and flinch so violently that your head hit the glass. The man asks if you're okay... you now see some of the aristocrats inside are laughing. Some no doubt are livestreaming you as well. Your tears are rivers now, the sounds your noises ever more pathetic. The man asks again if you're okay, before horror fills his face.

You...you're YLW/aKY9 aren't you? Fuck's sake, what happened to you, man?
"I-I DIN.. I HAVE NO... WE SUV", you reply through choked sobs. The man contemplates for a moment, before rolling his sleeves back down and reaching in his pocket. He reaches for his phone, and transfers you 10000 RSR. He saves your life. You finally have sex and stop shitting up the world with your bitching.

Fin.

>>15515203
Nigga I've already bought in, but I'd wager it's gonna fizzle.
Still, I'll take a 1/100 bet on something that may be worth 1000x as much. Safe money to me.

>>15515347
true dat

>>15515723
I think there's a good chance for a small return after the initial burn. If it acts as a stablecoin, the profit is going to be in mass dumps out of RSV, say whenever Bitcoin dips.

>>15515371
based FUD destroyer saluted

>>15512138

What the fuck does that even mean? "Supported"?

>>15514994
>RSV isn't even released
>what's gonna change
These are the type of retards browsing biz

>>15515351
yea first i bought 100k then 1M now i'm dreaming about 10M which is impossible to get because i dont have such moneys. even 1M was hard to me but now i have it and i'm super proud that i managed to scoop that fat stack.

this projec just feels too good to be true, those guys behind it... silicon valley moguls, paypal guys. and the price... so fucking low.. daily volumes are still less than tens of millions so we have time to accumulate. when these news gets to the ears of reddit-tier normies, price will skyrocket.

i'll rather lose my 1M dollar investment moneys (few grand) than miss this last 2010-decade moon mission.

>>15516754
100% delusional. There are no fundamentals here. No product. No plan. If your “plan” is to get countries to decree this shitcoin as their national reserve currency, you belong in a mental asylum.

>>15516793
>“plan” is to get countries to decree this shitcoin as their national reserve currency
Jesus Christ, I see that you're too dumb to even understand the aim of the project.

>>15512526
>RSV will be the leading next generation stable coin
how do they keep falling for this shit? i've been holding BTC for years and every few weeks you hear a bunch of low iQs talking about this new shitcoin will be the new paradigm, literally every time the shitcoin they're talking about doesn't even have a fucking working product yet.
do you wanna know a secret? they all ended up failing. wanna know another secret? it was the best decision to just hold BTC all this time

>>15516836
You know what a stablecoin is, right?

>>15516849
he clearly does not. people too poor to throw money to moonshots are often the worst fudfags.

>>15516849
yes i do, and i also know that rsv has the same chances of becoming "the leading next generation stablecoin" as all these other ambitious whitepaper projects without working product have of succeeding: literally zero. if anything, libra could find widespread adoption, but idgaf about that anyway
>>15516970
>people too poor to throw money to moonshots
>meanwhile only poor pajeets buy lowcap shitcoins, hoping they could join the 21 BTC club if it moons but ending up eternally bleeding in sats
you ever met a btc maximalist that was poor? fucking retard, i retired in 2017 when btc was worth $2.5k

>>15517060
imagine larping on 4chan. what a faggot.