/biz/ - Business & Finance

Try to not be too scared.

>>22209565
when will we recover senpai?

>>22209740
I've been here since 2013, I have seen a lot of shit.

RSR is one of my comfier holds. I try to not shill here because /biz/ is primarily full of retards and I hardly ever find anyone with similar background/knowledge in crypto.

That being said, RSR has the connections in place to be the true successor/real world "Libra" that Facebook tried. the basket that gives RSV value will expand and eventually be replaced from USD to better assets. I hardly ever see anyone talk about this, probably because no one on /biz/ has read the reserve protocol whitepaper. Next few weeks might suck for crypto in general but I'm not selling a thing.

>>22209253
>>22209565
>>22209740
Fear not my brave aryan warriors. The price shall rise to new heights as we colonize the four corners of the known world in our quest for monetary dominance.

>>22209848
you're deluded my man

I'm still up. But what the fuck

>>22209945
Please tell me where I'm wrong. Coinbase has mentioned RSR in their next potential list of coins to trade on the exchange. If coinbase and paypal both invest in a project it is probably pretty good.

>>22209253
BUY THE MOTHERFUCKING DIP!!!!
ITS JUSSA DIP RIGHT?!!!!
AAAAAAAAAAAAAAHHAHAHHAHHAHAHHHHH!!!!

>>22210031
idk im just fudding

>>22209848
RSR is solid but if crypto is tanking then it might not matter.
>>22210000
im up from my initial too but this still hurts. im way down from the top.

>>22210098
Gave me a chuckle, thanks.

the humanity!

This is the price to pay for the outsized 100x returns

1$ eoy !

Do you cut up and down on the wrist or side by side? A friend needs to know.

How are Reserve going to do what Libra couldn't? You really think Reserve team can do something that a team with almost limitless resources failed to do?

>>22209253
no need to panic my friend,

just keep stacking

WHO IS DOING THIS MAKE IT STOP I’LL SHOOT AAAAAAAAAAAAAAAAAAAAAAAAA

>>22210492
Mark wanted to go the official route. When they first started Libra they were roadblocked by US and EU governments saying "slow down and let us review that first"

RSV and RSR already exist, the vault of stablecoins (and eventually I imagine gold-backed and bitcoin-wrapped tokens will make it into the vault too, as per the whitepaper)

They're just going to launch and not really give a fuck about what governments want from what I understand.

>>22210492
yeschad.png

>>22209253
2.5B RSR being unlocked next week too right? Looks like ima jump back into LINK.

>>22210433
Both ways, so that you get the RSR logo

>>22210080

All i see is a map of South America

>>22211214

>>22211170
It's for exchange listings, Binance listed without any liquidity provision and it fucking mooned. The coins are to be used for market-making.

>>22210492
Keep in mind that libra would have been completely centralised. How does that work for cryptocurrency you ask? It doesn't. And, wallets would probably have been exclusively custodial, because normies. Bankers and governments threw a fit for obvious reasons - Mark wanting to suddenly operate as a BANK didn't sit well with them. Institutions are going to be free to hold and trade both the actually currency, RSV, and the coin itself if they wish.

The major short term obstacle I see at the moment is on/off ramps. 31% of people don't have bank accounts. Nations in africa have been very clever in getting around this by using (I think even some non smart phones) mobile phones as a tool to pay for goods and services. If they can sort out those ramps then they are fucking golden.

>>22211211
Checked and based.

>>22211211
>>22211211
fucking BASED DIGITS CHECKED

>>22211554
Safaricom had a similar thing running where cell phone credit could be redeemed for cash, which was pretty successful as a defacto money-transfer system. The demand is there, it's a question of getting it running.

>>22211554
>>22211681

7Mobile CEO has agreed to give out 1 million phones preloaded with the Reserve app out in Africa, check the image on >>22209848

>>22211798
Nice

Chances this goes to $0.01?

How do I stake this

>>22211798
How are they meant to get money into the app without a bank account though? Or am I just retarded?

>>22211988
you don't stake it, you dumb fuck. value comes in down the line from RSR / RSV arbitrage, or just hold and sell later if that's too complicated for you

>>22209253
What's a suicide stack?

>>22212019
The guys at 7Mobile are probably in the process of setting that up with the major employers in the area where they're giving the phones out. It's a great way to pay them and get them into microfinance too. Lots of other big companies are pushing into Africa and South America with stuff that Reserve can help facilitate.

BRB, I'm going to go bag up.

>>22212019
RSV app accepts payments through paypal. Think of it like Local BTC anon. There's a lot more going on within the app to help people process payments without direct bank deposits but eventually I think we can see people using RSV from paypal directly once paypal decides to get into crypto in a significant way.

>>22212117
I'd say 100-250k at LEAST so you don't toaster bath when it hits 10 cents whenever

>>22210080

>>22211211
HAHAHAHA

>>22212019
I've bounced this conversation off normies countless times.
This comment is one of the avenues >>22212317
If employers do the conversion and pay their workers directly with RSV that will fast track adoption and snowball from there. It come come down to the employee determing how much local fiat they want dispersed and how much RSV they want dispersed. Similar concept with part of my check going to two different checking accounts and the rest automatically dispersed to a savings account. Each of my paychecks get split between 3 accounts.

so guys what the price looking like into the next week? are we going to have a down trend or will it crab between certain prices? would like to know if anyone has insight, would like to buy more

I've created a telegram for those that wish to chat somewhere outside /biz/. I will probably take it private once we enter price discovery again or mainnet or something.

t.me/bizerve