/RSR/ hodlers should read this

[Anonymous No.15517123]

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

This has been posted before, but I didn't have the time to go through it.

It seems that the protocol does not account for appreciacion in value of RSR other than that of the collateralized assets.

It's like investing on whatever the Vault will have as collateral with Reserve as a middle man.

lolwut
> I hold around 500k

[Anonymous No.15517130]

>>15517123
Gonna make it like next year

[Anonymous No.15517129]

>>15517123
> The Reserve Protocol will, however, repurchase Reserve Shares with excess collateral when the Vault is overcollateralized until the total number of share tokens in existence matches the amount of Reserve Shares produced at the protocol’s genesis i.e. the date at which the protocol was first launched. After which the protocol will stop buying Reserve Shares from the open market and it’s therefore not designed to burn enough Reserve Shares to raise the price of share tokens in the same way MakerDAO buys and burns Maker tokens with newly minted Dai when the price of Dai rises above $1.

[Anonymous No.15517133]

>>15517129
> If the mass adoption of the Reserve stablecoin does not psychologically entice speculators to buy up Reserve’ share tokens then the holders of Reserve Shares can only make money when excess collateral is returned to their accounts unlike the holders of MakerDAO, who can reasonably expect the price of Maker tokens to rise in value when demand for its CDPs rises. In other words, if the excitement and FOMO created by Reserve’s mass adoption does not encourage speculators to buy Reserve Shares then the holders of these share tokens will have to rely on the Vault’s collateral assets appreciating in value as their sole source of revenue in Reserve’s economic system.

No burn outside of the initial burn on genesis. WTF is this shit.

[Anonymous No.15517412]

Bump for high-IQ discussion.

[Anonymous No.15517450]

>>15517129
no shit sherlock, look at the price of Maker, its utility and design as a token is different.
>>15517133
>if RSV adoption doesn't occur, RSR won't gain value
again, no shit

[Anonymous No.15517528]

>>15517123
Read the whitepaper not the hackernoon article

Hackernoon article was even calling RSR "Reserve Shares"

[Anonymous No.15517563]

>>15517123
I'm the one that posts this every day
>pic related
To make a long story short, one of the concerning things about reserve to him was that RSR's value relies too much on speculative forces and not basic mechanics. However...

>They (Reserve) further argued that a share price increase caused by pure speculation or as they put it—an increase in the net present value of time and risk discounted future cash flows—may outweigh the net losses caused by share token inflation. The fear of missing out when the Reserve stablecoin becomes widely adopted may even raise the price of the Reserve Share before the collateral stored in the Reserve Vault appreciates in value. This is a fair argument to make, but it rests upon a subjective outcome whose likelihood cannot be quantified.

>The Reserve token will also have a variable transfer fee that will be initially set to 0, but can be changed by the holders of Reserve Shares. The Reserve tokens collected through the transfer fee may be a source of revenue for the holders of Reserve Shares

[Anonymous No.15518235]

>>15517123
this is literally the god protocol of stable coins in action.
feels damn good to be holding 5 milly of this

[Anonymous No.15519045]

>>15517563
But that FOMO refers to only before launch. After that, there won't be any burn and no increase in value, other than appreciation or depreciation of the assets behind the Vault.
Op here, phoneposting.

[Anonymous No.15519059]

>>15517123
im low iq but i hold 750k RSR does this mean ill make it?

[Anonymous No.15519220]

>>15519059
You can read the thread and decide for yourself BUDDEH

[Anonymous No.15519245]

>>15519045
burns will be on-going, ceo has said as much

[Anonymous No.15519324]

Should I sell?

[Anonymous No.15519327]

Should I sell... Tezos for this?

[Anonymous No.15519412]

>>15519245
Link it up or it didn't happen

[Anonymous No.15519470]

>>15519412
Read whitepapers. Burns happen as a result of arbitrage.

[Anonymous No.15519557]

>>15519470
With some apprehension, RSR burns happen on overcollaterised Vaults. This means that when then Vault has more collateral than needed.

Not even when RSV is minted and the value of the chain increases. It's when it increases on an unbalanced way.

[Anonymous No.15519862]

>>15519557

[Anonymous No.15519884]

>>15519862
>>15519557
They use the word Reserve and Reserves so maybe something to ask on telegram or #ama them but I understood this as Reserve = RSV which is set to $1 and Reserves = RSR which are burned by the protocol as described in the snippet I cut from the whitepapers.

[Anonymous No.15519896]

Let me get this straight:
If RSV gets mass adopted, RSR is a guaranteed 400x pump?

[Anonymous No.15519950]

>>15519896
depends on what you consider mass adoption. if mass adoption means 5billion market cap RSV like Tether then you're looking at $5-$10 RSR possibly more due to burn mechanics.

[Anonymous No.15519980]

>>15519950
When do you think this could be possibly achieved by?

[Anonymous No.15519990]

>>15519896
That is the idea.

[Anonymous No.15520012]

>>15519980
Never. Everybody will sell at 10 cents and crash the whole thing. It's going to make us all filthy rich though.

[Anonymous No.15520083]

Serious question. Please tell me the steps I need to take to buy and hold RSR securely. I'm a noob burger who wants to drop USD $20K into this. I watched the Link pump and I want to be in for RSR but I don't know how. to get into this. Please advise.

[Anonymous No.15520089]

>>15520012
lol no one with even an average iq above 90 will be selling RSR after mainnet, just put it in a smart contract and make money from arbitrage.

[Anonymous No.15520102]

>>15520083
https://simpleswap.io/coins/reserve-rights

[Anonymous No.15520116]

>>15520083
20k will be difficult for burgers if you plan to buy on an exchange, but you could just buy 2 BTC and use simpeswap.io - you might not be able to buy as many but no hassle of transferring between exchanges and wallets etc.

To store RSR you can use various wallets, METAMASK can work, I've heard about other wallets also. MEW wallet. you can use ledgerx i believe as well. I don't have many so I decided to just use my coinbase wallet on my phone since it makes it easier for me to add it to idex every time i have to make a new account to do a quick buy under $5k usd worth.

[Anonymous No.15520200]

>>15520089
could you explain to brainlet how i put my rsr into smart contract? how and when?

[Anonymous No.15520254]

>>15519896
If rsv gets mass adopted then you have a chance at a one-time fomo pump, is how I'm reading it.

And you may not even have that if people don't feel fomo.

[Anonymous No.15520340]

>>15520200
huobi offers this, but you wont be able to until RSV is launched.

[Anonymous No.15520351]

>>15520254
This is actually bearish

Even if reserve gets adopted, it has to get adopted in just the right way to generate a fomo pump.

Thus, you're not just betting the project will be adopted but also that the madness of the crowd gives you pump and dump that you get out on the correct side of, otherwise you become a bagholder.

It could still be a good shot, but it is not looking like something you could hold forever like link. Rather, you and everyone who as a large amount must be ready to dump as soon as you smell fomo.

[Anonymous No.15520379]

>>15520351
Please tell me I understood wrong because I was hoping rsr would be like my backup for link. I got 5m but now I'm worried that only way I make it is if project success (which may not happen) triggers a fomo rush (which may not happen). Imagine if the project was adopted in the depths of a brutal bear market so most people are too scared of crypto to fomo.

If reserve launched in January 2018 and had 10m users by March, would it have made us rich forever or merely quadrupled our lunch money?

[Anonymous No.15520471]

just remember.. cardano was an erc20 token and got to 30+bn last bull market... jsut be patient rsr will do same

[Anonymous No.15520492]

>>15520379
you did
not sure where this idea of a one-time fomo pump is coming from. the value of rsr goes up with usage because of arbitrage opportunities. ceo has said. follow the project and dig in and you'll see.

[Anonymous No.15520508]

>>15520492
ignore first line, whoops

[Anonymous No.15520614]

>>15520083
For large amounts, make an account at Huobi. Huobi allows a daily withdrawal of up to 7 million RSR on unverified accounts.
Use a VPN to set up the account. I recommend ProtonVPN. When registering your Huobi account, say you're from Canada. Enter U.S. phone number when prompted. Once you're set up, buy a smaller amount of RSR, perhaps 50k. Withdraw to your ETH wallet. All should go smoothly. Begin slowly placing your limit orders. (USDT market has the most volume, but BTC market will suffice too)
I know it's faggy and smells of curry to add this, but while you're at it, hook a brother up and use an invite code when you make an account at Huobi: aydi4

[Anonymous No.15520712]

>>15520614
>>15520116

Saved and looking a bit deeper into RSR right now. Thanks for the tips guys. If I go with Huobi, I will use your code. Thanks again.

[Anonymous No.15520755]

>>15520379
You're right.... Sell now...

[Anonymous No.15520772]

bsv have higher probability to go 100x then this

[Anonymous No.15520774]

>>15520772
pajeet

[Anonymous No.15520981]

>>15520772
>have higher
What time is it in Bangalore right now? The morning call center shift starts early for you guys.

[Anonymous No.15521228]

>>15519862
>>15519884
I don't think this refers to RSR.
I will have to research more tomorrow morning.
Hopefully the thread is still alive.

[Anonymous No.15521230]

>>15517123
Where can I buy now that IDEX banned burgers

[Anonymous No.15521314]

>>15521230
>>15520116
simpleswap or get a vpn and create a new account on idex or huobi

[Anonymous No.15522085]

>>15520254
>>15520351
>>15520379
Same fucking fagging. I want every brainlet who reads these threads and believes a shred of this cheap FUD to bear witness to the face of deception. These assholes are trying to keep you from making it.

>>15519950
this is why we're here.

[Anonymous No.15522206]

If this is such a great coin to hodl then why is the price so shit? And also what about the fud that the main dev is gay and is Peter Thiels boytoy?

[Anonymous No.15522233]

>>15522206
LINK was trading at 17c last August. Price hasn’t caught up yet. Do you wanna wait for it to do a 5x before venturing in?

[Anonymous No.15522251]

>>15522233
No bud.. I don't. I have 4 million RSR. I just am not sure whether I am stupid or not. I do have some hopes in it though.

[Anonymous No.15522282]

>>15522251
>No bud.. I don't. I have 4 million RSR. I just am not sure whether I am stupid or not. I do have some hopes in it though.
do you think peter thiel is stupid? what about coinbase ventures? what about all of silicone valley?

name one alt with as many smart successful investors. you can't

[Anonymous No.15522307]

This was the post I was referring to.. made me a bit uneasy to be honest. Sure might as well just be fud.

[Anonymous No.15522317]

>>15522307
of all the fud, this is the one that gets you?

[Anonymous No.15522332]

>>15522307
>This was the post I was referring to.. made me a bit uneasy to be honest. Sure might as well just be fud.
funny

[Anonymous No.15522352]

>>15522317
Well it's just that RSR fanboys like to parading Thiel around but has he ever said anything about this project at all aside from appearing on that investor page on the website?

[Anonymous No.15522387]

>>15522352
i don't know if it behooves an angel investor to actively peddle his project before it's launched. coinbase ventures calls reserve "the world's digital reserve currency" on their homepage.

[Anonymous No.15522427]

>>15522352
>Well it's just that RSR fanboys like to parading Thiel around but has he ever said anything about this project at all aside from appearing on that investor page on the website?
it's early days. bitcoin took like 8 years to 100,000x (i got 6,000x from it btw). rsr will do it in less

[Anonymous No.15522448]

>>15522427
How much RSR you got/will get?
How did you buy it?

[Anonymous No.15522451]

>>15522427
Nice man.. if no larp I assume you are early retired now?

[Anonymous No.15522464]

>>15522307
1) it’s bullshit
2) even if it wasn’t - who would even care if those fags were sucking each other off? As long as they can pull off even 1/5 of what Reserve is aiming to do, idgaf what they do to each other.

[Anonymous No.15523141]

What would prevent them making RSR worthless once RSV launches by dumping it? If RSV token is based on several assets with the objective for it to be valued around $1, I don't see the point in RSR.

Why would RSR have any relation to RSV when all they would need to do is adjust the assets that is the underlying RSV value. Why leave the arbitrage to the public when they can just do it themselves without a second token??

[Anonymous No.15523473]

>>15523141
RSR acts as a safety net for those other assets. If RSR is able to gain traction then they have that as a back-up / go-to in case their assets depreciate too quickly one day from a crash of some sort. RSR would be immune semi-immune and the protocol could use the algorithm to mint a few RSR and re-balance it's books.

[Anonymous No.15523495]

Yeah the biggest reason I didn't invest is the lack of transparency in the tokenomics, and the fact that collateral isn't backed by RSR. The circulating supply is also small as fuck compared to the total supply so they can dump for days. Economic model is genius but the value to the tokenholder is minimal

[Anonymous No.15523509]

>>15523495
>dump any day
You clearly didn't do your research.

[Anonymous No.15523515]

>>15523509
>dump for days *

[Anonymous No.15523541]

>>15523495
They literally can’t dump. Read the whitepaper.

[Anonymous No.15523545]

>>15523541
Ya, I think this is FUD or they are just uninformed about the token release process.

[Anonymous No.15523578]

>>15523545
I'm sure he's just misinformed because out of all the things to try and fud this is probably the worst one.

[Anonymous No.15523625]

>>15523541
>>15523545
The whitepaper isn't a book of laws for one. For two, why in the hell would you maintain 95% of the supply in reserve if you expect people to use RSV? There's not enough arbitreurs to cover any significant RSV volatility. And what's preventing them from selling OTC from reserves?

Not even fud, I spent hours vetting this project. And while the telegram claims RSR is burned 1:1 when it's swapped for RSV, it's never mentioned in the whitepaper. So until RSV launches and these transactions are actually confirmed, you can't know what the actual tokenomics are

[Anonymous No.15523793]

>>15523625
Nevin himself states that you would have 2-5% of the USD value of RSV in circulation burned in RSR. https://youtu.be/75Lr9lFEooM?t=2017

Granted this is just an estimate, but even if it's 1.5% or 2% at the low end you're still talking about RSR burned at the value of RSV in USD. So if RSR is .0055 that's about 100 - 200 tokens burned per $1 USD of RSV used in any given transaction that requires arbitrage to balance it at a 1:1 ratio.

All of the formulas are found in the whitepapers and the numbers are going to be dynamic so they're left blank but you can plug in some values and test the formulas yourself.

[Anonymous No.15523857]

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.

Baby Shark (audience participation)
Monster Mash (audience participation)

Grocery List- avacados, tomatoes, turkey bacon
Almond milk creamer, acai, bananas, facewash

[Anonymous No.15523862]

>>15523857
cool

[Anonymous No.15523921]

>>15522451
Why do you sound like a fag?
Stop posting like a fag would post.

[Anonymous No.15524073]

>>15523857
nice fud paste.
Peter Thiel is a big tech guy, I'm sure he knows what he invests in, even a fraction matters.

[Anonymous No.15524124]

>>15518235

will join you soon fren at a much lower price hehehe

[Anonymous No.15524133]

1 thing i dont understand is why would people (ie shitskins in countries with hyperinflation) hold the stablecoin and not RSR which is supposedly guaranteed to go up?

why would rather have your monies in something that will stay the same value or go up? not like anyone is going to put all their net worth in it anyway

[Anonymous No.15524211]

>>15524133
who says they wont look into RSR and buy some? the point is to offer an alternative for every day use and a store of value. you can't rely on bitcoin for daily use or store of value when you're living day-to-day on small amounts of money, you can buy some as an investment sure, but mostly you want your money to stay the same value so you can pay rent / buy food etc.

the point of a stablecoin is to offer an alternative to a volatile currency. anyway, would would anyone use tether or dai? there's clearly a market for stablecoins. what are you smoking tonight anon?

[Anonymous No.15524368]

>>15523793
1. I am not going to watch 1.30h give me direct timestamp.

> coinbase tshirt below
just fucking lol

[Anonymous No.15524379]

>>15524368
it is timestamped
>t=2017

[Anonymous No.15524778]

>>15524379
This timestamp is in the middle of the explanation. Have to listen from the top to see if he's actually referring to RSR.
let's see

[Anonymous No.15524926]

>tfw I only have 1.5m rsr

[Anonymous No.15524928]

>>15524778
He's explaining the protocol. This is an early video but he's answered the burn mechanic question a few times on telegram if you bother to check his posts there. It's getting late / early and I haven't slept. Good luck with your research. Ultimately we can both agree it's still early and it's true that we won't know for certain how everything will work once it's implemented but I think that they are heading in the right direction and sometimes that's important to pay attention to when looking at projects this early on.

Later nerds.

[Anonymous No.15525108]

>>15524926
Stfu i only have 50k

[Anonymous No.15525296]

>>15524926
Based, how much should I get anon?

[Anonymous No.15525320]

We are all very early, things will become interesting at mainnet lauch when RSR tokens start getting burned (that's when it will be listed on coinbase), until then we might pump because people don't know the project yet (it should get a lot of attention when the app is released). Mainnet is 2020 so accumulate and hold until 2021, we are going to make it frens.

[Anonymous No.15525339]

>>15524928
>It's getting late / early
..... "and my shift at the shill company is ending"