/biz/ - Business & Finance

>>29828573
>grayscale buying rsr

false, it's under consideration

>>29828894

Isn't there some crossover in Greyscale and RSR too - definitely recall reading of someone involved in both.

I think RSR is going to have a great year - 0.25c to 50c would be incredible. Well worth getting behind this cautiously.

>>29828996
pretty sure they are investors

>>29828573
You bought the wrong one, RSV pumped to $11 today.

>>29829339
fake and gay

Bought 1200$ at 0.058 a few weeks ago. I have no idea what's going to happen, it's a pure gamble based on a friend's advice. What do you guys think?

>>29830616
how does $20000 sound?

>>29830616
I bought 1200$ at 0.07.

>>29828573
Wgmi
Comfy af

yeah, I got 3.5k RSR

I am a brazillian fuck in a shitty home office job with a low paygrade, this is pretty much all I could buy

This... this will improve my life, right?

>>29830490
You're right, it was $12.81
https://app.liquid.com/en/exchange/RSVEUR

>>29831967
This has got to be another one of those stupid PnD groups that chose RSV because it's cheap and relatively unknown.

>>29828573
/biz/ told me this was a shitty scam coin?

>>29832031
and got didn't dyor, did you?

>>29832027
Probably, I just thought it was funny. If it had lasted a little bit someone could have made some money by minting more RSV and selling into the pump. Gas fees probably would have eaten all the profit though.

>>29832031
>actually listens to what shills and demotivational pajeets say on biz

>1000% NGMI

you idiot go do your own research this place is nothing but a psycholgical dis info fourm

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Dapps factory

>>>>>>Potential Gem
>>>>>>Polkafoundry.com

Still sitting on 40k brought at 0,008
It was my first shitcoin purchase after getting btc and eth on cuckbase. I remember daydreaming about how much I would make it.

>>29832443
I missed the 20x form this because of fudd. I still hate myself

>>29832971
It’s only just beginning fren

I am a mere 250K stacklet. What can I buy EOY?

>>29835118
more rsr

It takes a certain type of man to hold $RSR. The type of man that cheers for the hare, but bets on the tortoise. The type of man that expects the sunshine, but prepares for the rain. The type of man that Reserves his seat, well in advance
What type of man are you, /biz/

>>29832971
You're still early.
Been buying since 2 cents and 0.018 cents and I'll continue to buy.
We're all going to make it.

Can someone explain to me a little bit on this RSR coin.

If I'm understanding it correctly (which I think I am not), based on the price of RSV I can do stuff with RSR to mint RSV's or buy RSV's and cut a profit, right?

Going along those lines, would 1 RSR give you 1 RSV? Meaning would the price of RSR never go higher than $1.00?

>>29836601
$56 per RSR

>>29836724

I was hoping for a little more of an explanation, but thanks for the response anyway

>>29836601
Yes.
>would 1 RSR give you 1 RSV? Meaning would the price of RSR never go higher than $1.00?
No.

>>29836601
Obvious pnd, enjoy your bag holding

rsr scam no buy

>>29830870
How in the fuck do you fuck up this badly? Whatever, long-term it doesn't matter.

>>29837265

Alright so we could theoretically get to a point where its like, .25 RSR to mint 1 RSV.

Which is why it could go over $1 per RSR

TY

>>29828573
Will it go below .05 before march? I need to buy bros....

>>29839798
You just missed the dip anon. Only up from here. But this is a long term hold btw so it doesn't matter much.

>>29838092
Thought it was gonna moon to 0.1.

>>29828573
>>29828894
preeetty sure that it's reserve (RSV) not reserve rights (RSR); i assume that simply because in the greyscale pic alluding to potential investments there isn't the RSR logo, its the RSV logo.. some anon assumed it was RSR, for whatever reason, assuming that it was mistakenly chosen... seems retard to me but w/e
RSR still pretty cool tho

>>29840270
Yeahh I figured out as well. I wasn't sure whether to trade my Algos to RSR and I'm getting my paycheck til next week (poorfag) so fuck the waiting. I'm going all in right now

>>29835808
the sort that buys low sells low and crabs forever in a state of financial zen

>waits until the market starts to Bear before making the announcement
>all the pump immediately lost in the pajeets panic selling

>>29831809
Eventually.

>>29840586
okay im retarded as theyre directly tied to each other

"(1) The Reserve token (RSV), which is a stable cryptocurrency that can be held and spent the way we use normal fiat money;

(2) The Reserve Rights token (RSR), a protocol token used to facilitate the stability of RSV.

(3) A growing variety of tokenized real-world assets (such as other stablecoins) that are held by the Reserve smart contract to back RSV."

from that... RSR is the more moon capable?

35k stacklet reporting in
waiting until $1 to sell

>>29828573

1) RSV is not globally scalable because of its overcollateralized model. It’s extremely expensive to expand and requires locking up an unsustainable amount of assets, just like DAI.

2) Reserve has no way to enforce the price stabilization mechanism, redeeming RSR for RSV is strictly voluntary.

3) Since it’s collateralized it will be unable to ever move off a fiat price target

4) The project is hilariously centralized and the fact they are launching on an iPhone app and targeting normies instead of actual crypto users means it’s trivial to simply block them from the App Store.

>>29841269
>4) The project is hilariously centralized and the fact they are launching on an iPhone app and targeting normies instead of actual crypto users means it’s trivial to simply block them from the App Store.
How dare they target the massive untapped market of normies, instead of going after the 0.5% of the population that buys crypto in competition with 200,000 other coins! What a stupid idea!

>>29830805
>implying it wont be worth $20689.65
FUD

>>29841680
Normies already gave Venmo why would the use reserve

>>29841269
2) Reserve has no way to enforce the price stabilization mechanism, redeeming RSR for RSV is strictly voluntary.

Wouldn't the opportunity for arbitrage profit ensure that this is constantly done by bots and traders?

>>29842378
venmo is tied to fiat, giving it no advantages for countries with hyperinflation. Your $10 paycheck will be $6 by the time you get it to the grocery store if your boss pays you with venmo.

lmao, they ask how to get income with this gas, fees, dumps, etc

haha what a tards! they will always be homeless

I am not so stubid to believe in this scam shit on /biz/

>my way is fucking top yield farming and vaults on YVS! They burn 0.75 % fee on all transactions. Profit is great!

>>29828573
it's a laughable Peter Thiel vanity project to try and teach javascript to somalian kids or something. seems like a bougie silicon valley tax scam that they will probably get bored of. real hot dogshit

>>29842378
Because the banks in these shithole countries don't allow it.

Nevin is going to be arrested soon.

somebody post the RSR holder officer ranking
I need to know how much more to buy
t. 150k stacklet

How are turd worlders supposed to afford gas fees?

>>29842863
And why would they allow RSV

Someone tell me how RSV can scale when it requires overcollateralization

Protip: it can’t

>>29843851
It would be the perfect way to convert to Venmo for these countries. Of course you wouldn't understand, but I live in one of these shitholes and you would never even IMAGINE how fucked up our economies are and the desperation of people wanting to save dollars because they view it as some kind of holy grail, which it is basically down here. Seriously dude, anyone can manage how to use any kind of app, do you know how much easier life would be down here if Venmo or Cashapp were able to be used here? Nobody wants to fucking earn money with our piece of shit bullshit currencies dude

>>29844187
Doesn't really answer the question you are replying to, but it does not matter. He uses a "what if" when they are already allowing the app, and that same "what if" can be applied to the entire crypto currency as well.
>"What if USA bans all Crypto? Heh bet you feel silly now coinfags."

>>29841269
>iphone app
Its not on the iphone, retard. It’s android only at the moment. You know, the phone type that dominates latin am countries

>>29843355

Always check the catalogue before posting. Just started another thread about this coin.

Bump it...its going to the $ this year.

https://reserve.org/