reserve

[Anonymous No.18265314]

Why haven't you invested in RSR yet?

[Anonymous No.18265325]

>>18265314
I have.

[Anonymous No.18266601]

>>18265314
The questions about whether retail investors will ever make money arbing RSV seem like there's something to it. I don't want to own a token that will never rise in value.

[Anonymous No.18266626]

>>18266601
this

the only incentive for seed investors and team members was the promise of arbitrage revenue, but now that this is out of the picture I don't see how RSR wont dump to 0

[Anonymous No.18266640]

>>18266626
exactly how is arbitrage out of the picture?

[Anonymous No.18266649]

>>18266626
the incentive to keep holding I mean

they will probably dump as soon as their tokens start unlocking

[Anonymous No.18266659]

>>18266649
are you just making shit up out of thin air?

[Anonymous No.18266716]

>>18266659
what things?

I am talking about the 37% of total supply unlocking event once main net goes live. I previously thought that arbitrage revenue could be an incentive for these people/companies to keep holding, but now that it's clear that arbitrage doesn't bring in much revenue for RSR holders, I don't think it's a good enough incentive for them. That's why I think a lot of them will sell as soon as their tokens start vesting.

[Anonymous No.18266747]

>>18266716
what are you talking about?
>now that it's clear that arbitrage doesn't bring in much revenue for RSR holders
the whole point is to make sure there's plenty of revenue before mainnet, are you high?

[Anonymous No.18266804]

>>18266747
I agree that transaction fees could possibly create a lot of excess RSV, but rsr holders get revenue through arbitrage which requires RSV to trade above $1, which I don't see happening

[Anonymous No.18266809]

>sergey senpai, pls deposit a big fat staking incetive inside my little boi pussy. its RESERVED just for you
wow, so thats how they got the name

[Anonymous No.18266829]

>>18266809
Have sex. Preferably heterosexual intercourse.

[Anonymous No.18266836]

>>18266804
>>18266601
>>18266626
this FUD was addressed in the telegram group. i think someone posted the screenshots.

[Anonymous No.18266847]

>>18266836
How was it addressed?

[Anonymous No.18266917]

>>18266804
stablecoins trade above $1 all the time. bids for the excess RSV can also be set to less than $1 WITH RSR based on current demand.

[Anonymous No.18266988]

>>18266917
I know stablecoins do, because there's no alternative

the points made was that if people have an option to not pay more than they have to, they probably wont

[Anonymous No.18267014]

>>18266847
it’s also not going to be so easy to mint new RSV as the fudders were implying. RSV will have more than just 3 stablecoins backing it and the onus will be on you to purchase each asset in their tokenized form through various exchanges in order to fulfill the RSV minting requirements. since RSV is targeting the general population and merchants as their primary end-users it’s not always going to be worthwhile for these groups to go out of their way to purchase these various assets just to mint RSV for 2 or 3 cents less.

[Anonymous No.18267035]

>>18266988
>>18267014

[Anonymous No.18267037]

>>18267014
>the team that goes gaga over chainlink has shitty tech
color me shock

[Anonymous No.18267085]

>>18267014
this

[Anonymous No.18267113]

>>18267014
will minting new RSV be kept as hard a possible for this reason? what if even market makers don't want to go through the trouble of collecting 50 different tokens for minting just to get a $0.01 profit for every $1

this difficulty of minting new RSV is counterproductive to increasing RSV adoption by traders etc

[Anonymous No.18267116]

>>18265314
it doesn't cash flow

[Anonymous No.18267117]

IDEX just listed RSV.

[Anonymous No.18267179]

>>18267113
So it’s either too easy or too difficult? LOL okay, talk about moving the goal post.

[Anonymous No.18267242]

>>18267117
Soon

[Anonymous No.18267249]

>>18265314
>Why no invest in bla bla
My favourite communist of course
Pol pot knew exactly what to do

[Anonymous No.18267280]

>>18267179
I am not moving anything, I am acknowledging that there's a trade-off

if you keep the minting process as hard a possible via diversifying the vault to 50 tokens you are incentivising people to be willing to buy RSV above the $1 peg on the market - good for RSR holders. But at the same time this is bad for RSV adoption by traders/market makers as noone will want to go through the trouble of minting new RSV anymore.

[Anonymous No.18267575]

>>18265314
Fuck off Felix Watkins

[Anonymous No.18267679]

>>18267280
the incentive to mint RSV is exactly that it’s backed by multiple assets which is what creates the censorship resistance of a decentralized stablecoin. if you don’t think that’s enough of an incentive then why bother with crypto at all?

[Anonymous No.18267772]

>>18267679
why are you talking about something completely irrelevant to our last exchange?

you're making a point about using RSV, but we were talking about the incentives of minting RSV vs buying it and how it trades off the RSR holders interests vs RSV adoption by traders/market makers

[Anonymous No.18267818]

>>18267679
why are you talking about something completely irrelevant to our last exchange?

you're making a point about how RSV's design is different from other stablecoins, but we were specifically talking about the incentives of minting RSV vs buying it and how it trades off RSR holders interests vs RSV adoption by traders/market makers

[Anonymous No.18267900]

>>18267818
what he said is relevant. market makers and traders want to make money and will jump through those hoops. they'll probably use bots to make it easier . normie users will eat the 5 cent or whatever cost. makes perfect sense to me.

[Anonymous No.18267951]

>>18267900
that's a different argument though

he's saying how people will keep collecting 50 differents tokens to mint RSV just because they like the fact that RSV is "backed by multiple assets which is what creates the censorship resistance of a decentralized stablecoin".

[Anonymous No.18268179]

>>18267951
adoption is directly tied to utility/decentralization and censorship resistance

[Anonymous No.18268197]

Very good coin , I have a bag

[Anonymous No.18268326]

>>18268179

again, we were talking about a specific trade off of incentives and now you've derailed from it, talking about "adoption" in a very broad sense

[Anonymous No.18268555]

>>18268326
why not just use tether? there’s a specific demand and reason for adoption. not just because it’s a stablecoin, you can’t separate adoption from what makes RSV unique

[Anonymous No.18268702]

>>18268555
is your argument that market makers and traders will still mint RSV because they like its fundamental design, even though it might be extremely difficult to do so due to having to collect ~50 assets through numerous exchanges beforehand?

I can see how that could be the case if RSV had already replaced USDT as the default trading pair on exchanges, but in reality this is unlikely to happen to many years

until then I'm not convinced that market makers and traders will go through the inconvenience of minting RSV if it's very difficult to do so

[Anonymous No.18268778]

>>18268555
is your argument that market makers and traders will still mint RSV because they like its fundamental design, even though it might be extremely difficult to do so due to having to collect ~50 assets through numerous exchanges beforehand?

I can see how that could be the case if RSV had already replaced USDT as the default trading pair on exchanges, but in reality this is unlikely to happen for many-many years

until then I'm not convinced that market makers and traders will go through the extreme inconvenience of minting RSV from 50 different assets

[Anonymous No.18269264]

>>18268778
market makers and traders will go out of their way if the right incentives are in place, meaning that RSV is trading below the peg and therefore creates an arbitrage opportunity for minting new RSV using tokenized assets. traders/MM who are capable of allocating all the assets in a timely manner will profit from minting new RSV until there's no more profit to be made. then as RSV trades above the peg they are incentivized to buy/hold RSR and use RSR to arbitrage when RSV trades above the $1 peg. these aren't the primary targets of the RSV app however, and the primary users are people that are seeking out a decentralized censorship resistant stablecoin (which tether is not) in order to move out of their fiat which is undergoing inflation/hyperinflation and on-ramping via an easy to use app. if the app fails to create a safe, easy-to-use environment then RSV fails, this is why the primary focus of the team is to create a high quality app for their end-users who are the most incentivized to buy RSV above the $1 peg since it's better than the alternative of keeping their money in inflated fiat currency.

MKR and RSV are the only two "decentralized" stablecoins in the ecosystem and if RSV can surpass MKR then it has a good chance at capturing a large amount of Tether's market cap as well, but it doesn't NEED to because it's not catering to this audience specifically, it's targeting remittances/on-ramping and hyperinflation areas first and foremost.

[Anonymous No.18269339]

>>18268778
Are you high?

You don’t have to collect the basket of assets yourself, the protocol handles it.

[Anonymous No.18269606]

>>18269339
in order to mint brand *new RSV you have to add all the assets to the protocol, but the excess RSV for RSR arbitrage is sold to RSR holders through a bidding mechanism within the protocol itself.

[Anonymous No.18269624]

>>18269606
this is yet more incentives to hold RSR since it will be much easier for holders to get their hands on RSV than if they were to try and mint brand new RSV every time they wanted to move in and out of the stablecoin.

[Anonymous No.18269889]

>>18269264
i didnt read this and i didnt read the white paper because im too retarded to understand any of it but i have a 20m bag of rsr and am ready to get really wealthy for no reason

[Anonymous No.18270022]

>>18269889
it's going to be pretty easy to make money when the arbitrage pools are out anon. you literally just have to buy rsr, hold it, and then send it to the arb pool. rinse and repeat. im only combating this fud to pass the time because it's funny to watch people twist themselves into a pretzel trying to fud the unfuddable.

[Anonymous No.18270023]

How do I buy RSR if I live in the US? Huobi and Idex both prevent me from trading it.

[Anonymous No.18270109]

>>18269264
do you think making $0.01 profit for every $1 is a strong enough incentive for market makers and traders to pay attention to, when they have hundreds of other alternatives to make money with? RSV arbitrage is just another potential option for them and not a particularly attractive one because of the low profit margins.

Traders and market makers use the stablecoin that offers the greatest network effects and liquidity. Inherent design features might also be important, but definitely lower on the list.

[Anonymous No.18270155]

>>18266601
>>18266626
The latest attempt to FUD the unfuddable.. they put a lot of work in on this one guys. The original post was like 30 minutes worth of incoherent, technically retarded bullshit.

[Anonymous No.18270179]

>>18270023
HOTBIT

[Anonymous No.18270182]

>>18270109
it all depends.

if you're buying RSR at .0025 and it appreciates in value then you're making the profit + the added difference (real estimate is more like .02-.05 not .01) but regardless, that's one aspect.

if you're talking about minting new RSV, you can profit from it by minting below the $1 peg as needed and sell above the $1 peg as needed, to you .01-.05 might not be a lot if you're only dealing with a few thousand bucks, but if you're dealing with a few million bucks then that's 10, 20, or 30k profits...

[Anonymous No.18270188]

>>18266659
yes, they are. it's the most desperate, transparent, and fake as fuck fud ever

[Anonymous No.18270210]

>>18270188
combating this is cake during a quarantine. im just curious how much longer he'll keep going. i got all day LOL

[Anonymous No.18270216]

>>18270023
bidesk.. or just sign up on huobi using a VPN. you won't need it after that

[Anonymous No.18270237]

>>18270188
also found it pretty funny and ironic that IDEX announces RSV listing in the middle if this faggot trying to FUD lol

[Anonymous No.18270238]

>>18269889
>i have a 20m bag
holy shit, are you rich already? or did you buy that low?

[Anonymous No.18270275]

how much to maek it?

[Anonymous No.18270276]

>>18270238
either a larper or an idgaf big dick nigger whale that will become an even bigger dick whale when we break $1 lol

[Anonymous No.18270394]

>>18270276
when do you think we will hit 50 cents? looks like things are moving slower but its clear that its because the team is taking their time on the ground.

[Anonymous No.18270430]

>>18270182
the 2-5% figure you're talking about is an estimate of usd value of excess RSV created, which takes into account only the potential collateral appreciation and tx fees based on velocity, but doesn't take into account arbitrage opportunities in the market, which is what actually creates the revenue and burning of RSR. Without being able to arbitrage, the excess RSV just sits in a smart contract and no RSR will get burned.

also: you're talking about making $10k profit using $1m capital. Professional finance workers operate on ROI, not the absolute number of the trades. Meaning, since the ROI is still bad for RSV arbitrage, it's not particularly attractive.

[Anonymous No.18270452]

600k

[Anonymous No.18270476]

[Anonymous No.18270494]

>>18270216
>or just sign up on huobi using a VPN
Is that legal?

[Anonymous No.18270928]

>>18270430
what are you talking about? of course these estimates take arbitrage into consideration because burning and arbitrage go hand in hand. you can't burn without arbitrage. if they estimate a 2-5% rsr burn rate in usd value then that's actually more RSR being burned not less.

[Anonymous No.18270937]

>>18270430
With 45b tokens out in arbitrage pools.

1M RSV burns ~50k usd worth of RSR and that's about 20M tokens burned at .0025 per token.
100M RSV burns 5M usd worth of RSR and that's about 2B tokens burned at .0025 per token.
1B RSV burns ~ 50M usd worth of RSR and that's about 20B tokens burned at .0025 per token.

[Anonymous No.18271067]

>>18270928
do you understand that just because there's excess RSV in the smart contract doesn't mean it gets instantly arbitraged and RSR gets burned? This excess RSV sits in a smart contract until an arbitrage opportunity presents itself on the markets. So if arbitrage opportunity does appear, only then will the RSV get bought up by RSR holders and then that RSR gets burned. The 2-5% does not take potential arbitrage opportunities into account since it's impossible to predict. Just watch the video again where Nevin talks about RSR burning: he clearly says that the 2-5% estimate takes into account only collateral appreciation and collected tx fees, which is what creates the excess RSV.

https://www.youtube.com/watch?v=xqHW9mcHWeM

[Anonymous No.18271132]

>>18270494
How are they going to find out
Fuck the SEC
Fuck the IRS

[Anonymous No.18271298]

>>18271067
the estimated yearly burn-rate of RSR is directly tied to the RSV in circulation. i don't know what the fuck you're smoking. he clearly says this within the first 4 minutes of the video. do i have to quote it for you?

[Anonymous No.18271299]

>>18271067
Meaning that RSR holders who choose to arbitrage make revenue with excess RSV only if there are unexecuted buy orders above the $1 peg available for the exact quantity of orders in the order books. If the buy orders for above the $1 peg RSV get all filled by people who arbitrage , the price of RSV will fall down to $1 again and there's no money to be made and if there's still excess RSV in the pool by that time, it doesn't move from the smart contract until new buy orders above the $1 peg appear.

[Anonymous No.18271352]

>>18271299
>>18271298

yes, we've been over this, the adoption of RSV via the app and on exchanges will create enough volatility that the price will go above the peg enough to create this 2-5% burn rate, burn rate is directly tied to arbitrage, as you stated above.

[Anonymous No.18271390]

>>18271298
that's what he means by tx fees from velocity, you actual brainlet. The more RSV in circulation, the more it gets transacted with. Every time RSV gets transacted with, a fee is collected.

[Anonymous No.18271478]

>>18271352
why is it so for you to understand that the 2-5% estimate is for the creation of excess RSV based on collateral appreciation and transaction fees, which is estimated from expected velocity of RSV (how often a unit of RSV changes owners).

That figure does not predict the amount of times RSV would be trading above $1 peg on the market. 2-5% burn rate would only apply in the case that all of accumulated RSV gets arbitraged within that year.

[Anonymous No.18271545]

>>18271478
the amount of buy orders above the $1 peg on the markets directly correlates to how many excess RSV can RSR holders use to arbitrage with.

[Anonymous No.18271680]

>>18271478
>2-5% burn rate would only apply in the case that all of accumulated RSV gets arbitraged within that year.

from 9:20 and to the end of the video he's clearly talking about their estimate burn potential of RSR.

at 9:36 he states, our high level estimate is that "2-5% of the usd value of the RSV in ciculation burned in RSR per year..."

why is this so hard for you to understand?

[Anonymous No.18271793]

>>18271680
his assumption is that all the accumulated excess RSV gets arbitraged with

if there aren't enough arbitrage opportunities (RSV buy orders above the $1 peg) in the market, the full amount of excess RSV wont be used, thus the burn rate estimate would be lower.

but since market dynamics are unpredictable, they can't add that variable into the estimate

[Anonymous No.18271878]

4 million checking in :-)

[Anonymous No.18271900]

so do I buy or not? RSR CEO looks like a basedboy.

[Anonymous No.18271933]

>>18266836
They just that the problem was over exaggerated.
Didn't really solve the question.

[Anonymous No.18271952]

>>18271900
how did basedboy get changed to basedboy?

[Anonymous No.18271993]

>>18271793
and likewise there could be MORE arbitrage opportunities and the estimate would be higher... but the point he's making in this video is that it's not always based on macro demands for the stablecoin (which goes against what you keep insisting when you talk about price going above the peg)

>>18271680
he then goes on to talk about WHY this is the case with stablecoins and gives the example of volatility even when it's trending down or up in demand.

10:34 "does that mean that RSR tokens will only be burned if the demand for Reserve is generally trending upwards so that the price is above the peg."

10:44 "the answer, we think, is that it doesn't require macro demands for it to be going upwards..."

11:00 "the price (of stablecoins) is typically fluctuating above and below the peg pretty frequently"

11:15 "those excess reserve tokens get added to circulation during moments when the price is above the peg but that doesn't necessarily require demand to be going up. demand could generally be going down but could be going up in that particular day with that volatile pattern."

[Anonymous No.18272072]

>>18271993
the estimate wouldn't be higher if there was more arbitrage opportunities in the market, because just because RSV trades above $1 for a higher quantity of buy orders, doesn't mean that the collateral appreciates more or more transaction fees are collected. Again, 2-5% is the estimate for the amount of excess RSV created from the circulating supply of RSV.

You have serious problems understanding the arbitrage mechanism.

[Anonymous No.18272090]

>>18271793
also, this estimate isn't baseless, they are basing it on watching how other stablecoins interact with market forces, why are you insisting so hard that there wont be enough arbitrage opportunities unless you're just trying to push FUD without evidence?

anyone that watches the video for themselves can clearly see how you're discrediting your own argument by continuing to insist that he's not talking about RSR burn rates.

[Anonymous No.18272111]

>>18272072
you're just wrong anon. the estimate is burn rate, he says it himself several times. did you even watch the video?

[Anonymous No.18272131]

>>18272072
anyway go ask in the official telegram channel and post the results. bet you wont.

[Anonymous No.18272185]

>>18272111
I don't think you understand how RSR is burned, so here we go:

1) the collateral for RSV has to appreciate above the collateral target and/or RSV transaction fees have to be collected in order to create a pool of excess RSV
2) When there's an excess pool of RSV and RSV is trading above $1 on the markets, RSR holders can use their exclusive right to trade their RSV for the excess RSV. When the trade is made - RSR holder sells his RSR for the excess RSV, the RSR gets burned.

Again, he esimates the burn rate with the assumption that all of the excess RSV gets arbitraged with.

[Anonymous No.18272231]

>>18272111
I don't think you understand how RSR is burned, so here we go:

1) the collateral for RSV has to appreciate above the collateral target and/or RSV transaction fees have to be collected in order to create a pool of excess RSV
2) When there's an excess pool of RSV and RSV is trading above $1 on the markets, RSR holders can use their exclusive right to trade their RSR for the discounted excess RSV. When the trade is made - RSR holder sells his RSR for the excess RSV. Now the previous RSR holders holds the RSV he bought and the Protocol has the RSR, which gets burned instantly.
Again, he estimates the burn rate with the assumption that all of the excess RSV gets arbitraged with.

[Anonymous No.18272249]

>>18272185
>the collateral for RSV has to appreciate above the collateral target and/or RSV transaction fees have to be collected in order to create a pool of excess RSV

Yes

> When there's an excess pool of RSV and RSV is trading above $1 on the markets, RSR holders can use their exclusive right to trade their RSV for the excess RSV. When the trade is made - RSR holder sells his RSR for the excess RSV, the RSR gets burned.

Yes

and your point? nothing about this is different from what I've said, other than in this video he's making an estimate about the burn rate of RSR. you're just claiming that he has no information to base this estimate on and im saying that of course he does, he says so in the timestamps i included.

from watching other stablecoins they've estimated the potential burn rate from seeing how other coins move above and below the peg even as demand goes up or down. there is volatility and this is what he's suggesting will create the 2-5% burn rate of RSR. watch the fucking video anon stop spamming your bullshit fud attempt, nobody is falling for it.

[Anonymous No.18272350]

>>18272249
can you please just think this process through step by step? It seems like you're hearing the words that he is saying, but you don't understand the fundamental mechanism behind what is happening.

[Anonymous No.18272565]

alright, maybe this example will help you understand:

Lets say we have 100 m RSV in circulation and the collateral appreciates 5% and for whatever reason no tx fees are collected. That means we now have 5 m excess Reserve tokens in a smart contract. Lets say that this year there weren't any market participants willing to offer more than $1 for RSV at markets. That means there was no arbitrage opportunities for RSR holders that year and since no arbitrage loops happened, no RSR was burned, even though we had 5% collateral appreciation and 5 m excess RSV created.

Since the 2-5% estimate is based on collateral appreciation and velocity of RSV transactions (tx fees), unless RSV is trading above the $1 peg on the markets and thus arbitrage happens by RSR holders who want to profit from the trransaction, no RSR gets burned.

does that help in any way?

[Anonymous No.18272769]

I recognize at least one of these FUD faggots by their writing style - they were shilling for MakerDAO in a previous thread. Pay them no mind.

[Anonymous No.18272852]

>>18272565
>Lets say we have 100 m RSV in circulation and the collateral appreciates 5% and for whatever reason no tx fees are collected.

this is a completely unrealistic example anon. stablecoins are in constant fluctuation above and below the $1 peg, you continue to insist that nobody would pay more than $1 for RSV that's literally based on nothing but your own opinion.

the 2-5% is based on 1-3% appreciation and a 10-20x circulation (VELOCITY) x .01% fee which gives us 1-2% per year. this is the MAXIMUM RSR that can be burned per year.

if there is a 10-20x VELOCITY in the RSV circulation then that means that RSV is being used and trading below and above the $1 peg at a certain rate. logically speaking this HAS to create some volatility which will lead to RSR burning as it goes above the peg. in your example there's no velocity, this is basically impossible.

this is like saying, "well let's say that there's no gravity, then things wont fall"

yeah no shit sherlock, you can create any example to fit your scenario. are you some kind of retard?

[Anonymous No.18272911]

>>18272852
.1% fee *

[Anonymous No.18272964]

>>18272769
>>18272350
yeah this nigger. he's always multi-posting. same faggot that always FUDS rsr, must be heavily invested in MKR

[Anonymous No.18273029]

>>18272964
damn now i kind of feel bad he probably got fully JUST'D recently, how much did you lose fag?

>>18272565

[Anonymous No.18273080]

>>18272852
>>18272852
the example wasn't supposed to be realistic, I gave it so you would understand that just because excess RSV is created by collateral appreciation and transaction fees (which Nevin is giving the 2-5% estimate based on), doesn't instantly mean it gets used for RSR burn.
RSR burn only happens when RSR holders go through an arbitrage loop after recognizing an opportunity to trade their RSR for discounted RSV (burn happens here) and then selling the discounted RSV for above the $1 peg trading RSV on open markets, which in effect eliminates the amount of RSV buy orders above the $1 peg that the arbitrageur was able to get for their RSR.

[Anonymous No.18273110]

>>18273080
yes, but one of the #'s (velocity) is intrinsically tied to the volatility based on circulation. how do you square this cicle?

if 1-2% of excess RSV is tied to volatility then how can you claim that RSV wont trade above $1 enough to burn any significant amount of RSR?

[Anonymous No.18273153]

>>18272964
>>18273029
that's not me, I've never held MKR.

All I'm doing is trying to help you understand what you've invested in. You've obviously watched some videos and maybe even read the white paper, but you don't quite understand how all the different pieces of the puzzle interact with each other.

[Anonymous No.18273253]

>>18273153
all you've done is FUD about how RSV wont trade above $1 peg. you still can't square the circle can you?

if the 2-5% has nothing to do with rsr burn rate, how do you explain the fact that this number is being estimated directly from the velocity (circulation) of RSV?

let's say that the assets don't appreciate at all, you still have to deal with a 1-2% velocity. does this mean that somehow RSV is volatile but never goes above $1? lol based on what, your opinion? give me a break anon, you're only here to help yourself.

[Anonymous No.18273284]

>>18273253
anyone that's been in crypto for even a day knows that all stablecoins fluctuate in value and trade above and below the peg on a daily basis. get the fuck out of here.

[Anonymous No.18273305]

>>18273284
oh and what do you think happens when an asset backing a stable coin appreciates in value? hmmm oh yeah, you stupid nigger, the price of the stablecoin goes up. ABOVE THE PEG, holy shit dude you're a fucking brainlet.

[Anonymous No.18273347]

both numbers used to calculate the excess RSV are directly tied to the RSR burning potential, can it be a bit lower than the estimate, yes, but is it a completely different variable? no, since both numbers have something to do with the peg moving up or down, appreciate in value, peg moves up, increase velocity volatility goes up and peg fluctuates up/down even when demand goes down in general.

[Anonymous No.18273350]

>>18273153
>I’m trying to help you understand why you shouldn’t buy into the only legitimate 1,000x ROI opportunity of 2020 because of my retarded theory crafting.

Caring about the arbitrage is a fun past time but completely irrelevant to the long term price action of RSR. MKR for example, is still (terribly) figuring itself out and experimenting while people are/were fomoing into it, ballooning it up to its current market cap.

[Anonymous No.18273373]

>>18273350
he's not theory crafting, he's fudding, seen this faggot fud several rsr threads and today i decided to call him out for being a faggot after he continued to do the same "i just wanna help you" bullshit act to other anons before me.

[Anonymous No.18273404]

>>18273253
Like I've already said more than 3 times - 2-5% estimate applies to burn rate only if the whole pool of excess Reserve tokens gets used for arbitrage loops within that year.

Velocity means how often RSV changes ownership via transactions (when the tx fee is collected).
What drives the price of RSV above the $1 target is supply/demand dynamics. If there's more demand for RSV at $1 than there is supply on the open market, eventually there will be a time when some of the demand side will accept above the $1 peg supply.

These things are not intrinsically tied.

[Anonymous No.18273424]

>>18273404
the peg fluctuates regardless of demand, this is the nature of the beast. the same happens when assets appreciate in value, and the same happens when there is volatility. accept it and move on, you're wrong.

[Anonymous No.18273463]

>>18273424
1-3% is appreciation of assets. (directly tied to peg moving above $1, a.k.a more RSR arbitrage opportunities)

1-2% from velocity (directly tied to volatility which means more price movement, a.k.a more RSR arbitrage opportunities)

[Anonymous No.18273471]

>>18273424
you should maybe read up on the definitions of "velocity" and "volatility"

You can have huge velocity for a stablecoin without having any volatility at all.

[Anonymous No.18273476]

>>18273463
>>18273404
is this easy enough for your tiny brain to understand?

[Anonymous No.18273493]

>>18273463
you can't be this low IQ.. this is honeslty mindblowing.

appreciation of underlying assets has nothing to do with the RSV $1 peg. The current collateral for RSV consist of PAX, TUSD, USDC. If they all appreciate 5%, that doesn't change the trading price of RSV at all.

[Anonymous No.18273495]

>>18273471
velocity is how often people trade an asset. the more trading means the more fees are collected and the more movement between hands the more susceptible to volatility.

[Anonymous No.18273515]

>>18273493
do you understand that RSV will be tied to assets that aren't themselves stablecoins?

[Anonymous No.18273544]

>>18273515
the entire point of being able to collect excess RSV from appreciating assets means that these assets are moving up in value and creating an excess amount of value that can be captured in the form of excess RSV. this is done to stabilize the peg but it wont be perfect and will lead to volatility either up or down depending on how the protocol handles it and which direction the assets move.

[Anonymous No.18273558]

>>18273493
you really haven't read the whitepapers at all, huh?

[Anonymous No.18273559]

>>18273515
I gave you an example of how the appreciation of collateral portfolio wont affect the supply/demand dynamics (and thus RSV trading price) what so ever. What's in the portfolio is completely irrelevant in this context.

[Anonymous No.18273585]

>>18273559
tokenized assets aren't the same as stablecoins backed by their own assets, you do understand this, no?

[Anonymous No.18273587]

>>18273495
it seems like you didn't read my previous post, so here, you can read again:

Velocity means how often RSV changes ownership via transactions (when the tx fee is collected).
What drives the price of RSV above the $1 target is supply/demand dynamics. If there's more demand for RSV at $1 than there is supply on the open market, eventually there will be a time when some of the demand side will accept above the $1 peg supply.

These things are not intrinsically tied.

[Anonymous No.18273619]

>>18273585
obviously they're not the same, but it's irrelevant in the context of the example.
Collateral appreciation does not impact the open market trading price of RSV at all, in no circumstance ever. If you have doubts about, try asking about it from the team.

[Anonymous No.18273681]

>>18273587
8:27 "10 - 20x circulation"

that's what velocity means in the context of RSV, and then he multiplies it by the 0.1% fee to get the 1-2% excess RSV captured.

that 10-20x has to do with how often it changes hands, this is why he uses the U.S dollar example of 5-10x and the tether example of 50x velocity. it's an estimate about how much movement there will be and this is intrinsically tied to the volatility since without movement volatility means nothing and there's no way to benefit from RSR arbitrage.

[Anonymous No.18273694]

>>18273619
collateral appreciation comes into play only after excess RSV has accrued from it and is being used to bring down the trading price of RSV down to $1 via arbitrage.

[Anonymous No.18273741]

>>18273153
>All I'm doing is trying to help you understand what you've invested in.

Nice concern trolling, you sociopath.

[Anonymous No.18273769]

>>18273681
>>18273681
if by volatility you mean the price oscillations of RSV, then you are wrong. If by volatility you means something else, then I don't know what you're talking about.

Like I said, asset price volatility is only driven by market supply and demand dynamics and not at all tied to velocity of how often the asset changes ownership.

[Anonymous No.18273798]

>>18273681
if by volatility you mean the price oscillation of RSV, then you are wrong. If by volatility you mean something else, then I don't know what you're talking about.

Like I said, asset price volatility is only driven by market supply and demand dynamics and not at all tied to velocity of how often the asset changes ownership.

[Anonymous No.18273820]

>>18273694
>>18273619
>>18273798

of course it does, not directly but just look at how the protocol stabilizes itself and maintains the vault ratio. this both indirectly and directly affects the price of RSV, that's the whole point of the design you brainlet.

[Anonymous No.18273845]

>>18273820
like I said: collateral appreciation comes into play only after excess RSV has accrued from it and is being used to bring down the trading price of RSV down to $1 via arbitrage.

but you're talking about how collateral appreciation and RSV velocity will drive up the price of RSV above the $1 target, which both are wrong.

[Anonymous No.18273917]

>>18273845
the goal is to keep the value of RSV as stable as possible but this wont always be the case when an asset appreciates significantly in value it WILL increase the value of RSV, even if it's just momentarily as the vault manages the ratio and brings it back to normal levels, i dont know how else to explain this. the same if an asset defaults and goes to zero, it will affect the market price of RSV, that's why the protocol needs to sell RSR to make up the difference when this happens in a black swan event... have you read the whitepapers at all?

[Anonymous No.18273918]

>>18273820
this is you:

>1-3% is appreciation of assets. (directly tied to peg moving above $1, a.k.a more RSR arbitrage opportunities)

assets appreciating above the target doesn't drive up the market price of RSV above $1, so you are wrong

>that 10-20x has to do with how often it changes hands, this is why he uses the U.S dollar example of 5-10x and the tether example of 50x velocity. it's an estimate about how much movement there will be and this is intrinsically tied to the volatility

the velocity of RSV does not drive up trading price of RSV above $1, so you are wrong again

it's pointless to argue this, just ask it from the team directly. Anybody with any knowledge about the market dynamics of any assets knows this.

[Anonymous No.18273938]

>>18273918
the protocol is meant to counter these movements anon, that's why it's capturing fees and excess collateral value

[Anonymous No.18273950]

>>18273918
if these things don't affect RSV price at all, why bother having a protocol? why bother creating a system that saves excess value in the form of RSV, and why bother creating RSR to sell it when volatility hits the system? why bother with any of it? you're clearly wrong anon. go ask the team, i haven't seen you ask in telegram yet, i told you to go like 2 hrs ago.

[Anonymous No.18273975]

>>18273938
just PM anyone from the team about the green texts I quoted you on and ask them if you're right or not. It's frustrating to explain the very basic dynamics of market supply and demand to someone while they refuse to give it any thought at all.

[Anonymous No.18274003]

biz is really pushing this all of a sudden, heard its satsgang

[Anonymous No.18274035]

>>18273975
i like how you're trying to change the burden of proof, but the burden of proof still lies with you making unsubstantiated claims about rsv not trading above $1 enough in any given year.

if you understand the protocol then you would know that my examples are things that the protocol was designed to handle because they can create problems if left unchecked, the problems are both increase and decrease of the exchange rate of RSV on the open market. the point of countering these things is to keep the peg as close to $1 as possible. if these things don't affect RSV at all then there's no reason for the protocol to exist.

[Anonymous No.18274048]

>>18273950
>>18273950
very broadly, the point of the protocol is to maintain the targeted peg of RSV by either burning or minting RSV according to whether it's trading above or below the peg.

you're just wrong about assuming that the collateral appreciation and velocity of RSV will drive the open market trading price of RSV.

[Anonymous No.18274111]

>>18273950
very broadly, the point of the protocol is to maintain the targeted peg of RSV by either increasing or decreasing the supply of RSV according to whether it's trading above or below the peg.

you're just wrong about assuming that the collateral appreciation and velocity of RSV will drive the open market trading price of RSV.

[Anonymous No.18274175]

>tfw I put $200 into RSR because I like the logo

[Anonymous No.18274184]

thisis the most productive RSR thread I've seen in 3 months

[Anonymous No.18274215]

>>18274111
also maintain the targeted collateralization ratio

[Anonymous No.18274271]

>>18274111
as assets appreciate in value they affect whatever trade you're going to do with it.

if my house appreciates in value, im going to expect more money for it than if it depreciates in value.

this is why excess rsv can be captured by the smart contract, because as the asset appreciates in value more rsv can be created from that excess value, there will be slippage and this can translate to a higher peg, that's just one of the ways it increases volatility.

the same for velocity, as more movement and trades are made using rsv and more of it is put into circulation the peg moves up or down, if there's less rsv in circulation you could see a movement up while demand goes up and the same if more rsv is added and demand goes down. this is the example that Nevin spoke about in the video, but he was also claiming that even if demand goes down they've noticed with other stablecoins that the peg is still broken due to high usage (velocity) and it can still go up above $1...

this is all very basic economics. it's getting kind of sad now anon i think you should take a break, maybe go take a nap, you're not making any sense.

[Anonymous No.18274292]

>>18274175
>>18274184
>>18274215
IDEX is controlled by Coinbase now and RSV was just added. This is so obviously the best choice in next-gen stablecoin systems:
>>18274042

[Anonymous No.18274430]

>>18274271
you're describing self-referential collateral with your house example, which RSV is not.

Listen, it's not hard to send a PM to one of the team members. Just do it and report back with your results. Or if you get too embarrassed by the reply, don't report.

[Anonymous No.18274464]

>>18274430
im describing basic economics, RSV captures value and stores it in excess vault "reserves"

i already told you, go take your fud to the main channel and see what kind of response you get.

[Anonymous No.18274541]

>>18274430

[Anonymous No.18274575]

>>18274184
I miss whale posting though

[Anonymous No.18274598]

>>18274575
i kno rite? concern trolling just doesn't do enough for me.

[Anonymous No.18274648]

>>18274175
this. I bought 1M RSR for 1400$ in 2019 just for fun, it had all the autistic fundamentals behind it, and the investors looked very promising, even i dont understand a shit any of this tech speech at this thread.

>>18274184
yeah, for me, it's like reading hebrew, i don't understand a word what they're arguing, but i understand that this is big for RSR. that it has these kind of autist nerds arguing, it's always a very bullish thing

[Anonymous No.18274694]

>>18274464
the protocol maintains a collateralization ratio in such that any collateral appreciation above the target level gets turned into excess RSV, which in itself will not be captured as additional value for RSV since it's not inherently collateral.

[Anonymous No.18274725]

>>18274694
so you're saying that the protocol is perfect in how it handles the excess RSV? okay if that's the case then how is this a bad thing? are you trying to prove that the protocol is flawed by pointing out how perfect it is at capturing excess value? LOL im happy to be wrong if that's the case.

[Anonymous No.18274745]

>>18274598
What if we make rsr a simp coin

[Anonymous No.18274768]

>>18274694
>which in itself will not be captured as additional value for RSV since it's not inherently collateral.

oh wait, so value is not value... i see, thanks for clearing that up for me.

[Anonymous No.18274816]

>>18274725
your argument was that the creation of excess RSV through collateral appreciation will drive up the unit of an open market trading price of RSV above the targeted peg of $1. All I am saying is that this argument shows a lack of understanding about the supply and demand dynamics of finding a price equilibrium in the market place.

So whatever you think I'm saying, I'm not.

[Anonymous No.18274848]

>>18274768
it's value, but not in the context of how much value a unit of RSV holds within.

[Anonymous No.18274912]

>>18274848
so you think the protocol is perfect at capturing all of the extra value? you don't think (once people know all the backing assets) that it's possible for them to raise the market value of rsv if they see one of the backing assets appreciate significantly due to market forces?

do you think that the protocol will perfectly set aside the exact extra value of each asset as they appreciate?

[Anonymous No.18274932]

>>18274912
this would be very fucking impressive if you ask me. but i doubt it, i think there will be slippage and i think that some of that extra value can and WILL translate into the RSV peg value... but i guess you have more faith in the protocol than me.

[Anonymous No.18274964]

I'll make this really easy for you. You have 2 arguments about what will drive up market price of RSV in open markets above the $1 peg, so all you have to do it copy-paste the next questions to someone from the team:

1) Will collateral appreciation above the targeted collateralization ratio help drive up the market trading price of RSV above the $1 peg?
2) Will the increase of RSV velocity help drive up the market trading price of RSV above the $1 peg?

That's all you have to do.

[Anonymous No.18275017]

>>18274964
no, those aren't the only two arguments, those are two examples based on your initial claims about the protocol and the video you posted after i told you that the 2-5% rsr burn rate was partially tied to those mechanics and that nevin made direct reference to the rsr burn rate a few times.

obviously i believe that there will be way more factors including basic supply/demand as well as app usage, remittance markets etc. that will drive up the price of the RSV peg above $1 giving us plenty of RSR arbitrage opportunities.

i already asked you to do the same and have yet to see you post in the main telegram channel.

[Anonymous No.18275036]

>>18275017
I know you think there are more factors, but we were discussing these 2 in particular.

You are saying these things will increase the market price of RSV above $1 and I am saying that these things are not. So right now I am not interested in these other factors.

[Anonymous No.18275064]

>>18275017
I know you think there are more factors, but we were discussing these 2 in particular.

You are saying these things will increase the market price of RSV above $1 and I am saying that these things will not. So right now I am not interested in these other factors.

[Anonymous No.18275157]

>>18273153
>that's not me, I've never held MKR.

I believe your exact words were "N-no, MKR DIDN'T collapse in the corona panic, and no I don't any MKR, but it WASN'T an embarrassing failure, so you shut up, Reserve is still worse!"

[Anonymous No.18275209]

>>18275064
the protocol has a stabilizing method for these events where assets appreciate/depreciate in value, but my argument is that they aren't perfect and there will be slippage into the price. that's why collecting this and turning it into excess rsv gives rsr holders the first mover advantage for arbitrage profits using that excess value.

similarly when assets depreciate it will require minting rsr to help keep the collateral of the rsv when someone wants to redeem it for the assets that are backing it. the goal is for neither of these events to be too significant that they negatively impact the peg but that's unavoidable since no system is perfect.

so for example, if an asset appreciates enough and an rsv holders redeems those assets from the protocol they can make a profit before the protocol can create the excess rsv. that's just basic economics, if the underlying asset appreciates and before the protocol can take an action it's redeemed whoever redeemed the asset will now have an added value that they wouldn't otherwise have if they left the rsv untouched and allowed the protocol to create excess rsv.

that's my argument, since the protocol wont be perfect even when allowed to do it's thing there will be slippage into the price. savvy holders will know that their rsv just increased in value and they will raise the price on the market which will raise the peg.

[Anonymous No.18275238]

em h-h-h-hello guys? i need attention plz, I have 4 million rsr'z am I a good boy? Will I be rich?

[Anonymous No.18275242]

>>18275238
kill it with fire

[Anonymous No.18275297]

>>18275209
this same thing can be applied to the velocity, there are methods for capturing value from velocity through fees but these fees wont be applied to exchanges, people will just be trading with each other for different assets (rsv trading pairs) and this will create volatility which pushes rsv above and below the peg. these are basic concepts, nothing mystical or magical. more movement/use and varying supply/demand means more volatility. i dont get why this is so difficult for you anon.

[Anonymous No.18275329]

>>18275297
as people move in and out of volatile assets this will change the price / peg of rsv. in the last thread you were arguing about some bullshit that no one would buy for more than $1 because they could just mint it and then you were btfo'd by everyone telling you that you wont be able to mint 30-50 assets every single time and it wont be as easy as you're implying, now if it's too many assets then it's just too hard and that's also not good. you're just looking for ways to fud and it's not working, it's not gonna work, just give it up, you look like a damn fool

[Anonymous No.18275344]

RSR IS UNFUDDABLE NIGGERS

[Anonymous No.18275374]

>>18275297
there's pressure for a price increase when demand starts to exceed the supply for an asset. It's that simple. When a closed ecosystem increases the velocity of whatever asset they're trading without the supply/demand changing in any way, there's no pressure on the price to increase.

[Anonymous No.18275389]

>>18275374
supply and demand change all the time, what closed ecosystem are you talking about? now you're just reaching hard as fuck LOL

[Anonymous No.18275469]

>>18275374
>When a closed ecosystem increases the velocity of whatever asset they're trading without the supply/demand changing in any way, there's no pressure on the price to increase.

what the FUCK are you talking about now? lol

RSV is not a closed ecosystem, there will be trading pairs between RSV and different assets, do you think RSV will only trade within a closed application ecosystem? holy shit anon, reach harder why don't you.

[Anonymous No.18275488]

>>18275389
>>18275389
your whole argument is that an increase in velocity changes the supply and demand ratio in a way that puts pressure on RSV to trade above the peg.

How many times were you dropped on your head to think this?

I gave you a simple explanation for why velocity doesn't put pressure on the price unless supply and demand ratio dynamics change within the market.

[Anonymous No.18275520]

>>18275488
of course the supply demand ratio will change. the velocity has to do with usage, more people use it, more people exchange value, some will store some will not, some will keep on exchanges for trading pair some will keep on app, some will send to family overseas some will redeem for cash....

are you fucking retarded holy shit LOL

[Anonymous No.18275538]

>>18275469
I am trying to make things easier for you by giving you simple examples and explanations since anything more specific seems to be too much for your puny brain to handle

[Anonymous No.18275554]

>>18275520
the velocity within the app is what Nevin was talking about when he talked about 10-20x velocity and these are the instances where he said he would have some fees at some point in the future to add more excess rsv but you're saying velocity is limited to that one example? are you fucking dense? velocity is everything, all movement, everywhere, not some closed ecosystem meant to create your own perfect little example where you can be right LOL you're fucking retarded as fuck anon holy shit my sides

[Anonymous No.18275600]

>>18275538
it's okay anon i think everyone in this thread can see you're a fucking retarded fud nigger. you've proven absolutely nothing about rsr having less utility in the protocol. all you did was create a false dichotomy where you could be right in a very specific example with limited choices.

[Anonymous No.18275623]

>>18275520
an increase in velocity doesn't mean that new demand is created

If I wanted to increase velocity I could just exchange $10 with another person back and fourth every millisecond for an infinite amount of times. Do you think this increase in velocity is now driving up the price of a dollar?

[Anonymous No.18275627]

>>18275538
at this point i really hope you never buy RSR and we can watch you livestream necking yourself in a year LOL

[Anonymous No.18275642]

>>18275623
you're fucking dumb, and now everyone can see it

[Anonymous No.18275658]

>>18275623
that's clearly not even the example nevin was giving either. he's talking about fees for app users, the only way to capture fees are from app users, are you fucking retarded? holy shit just stop, please, you're not doing yourself any favors you're just digging the hole even deeper for yourself.

[Anonymous No.18275662]

>>18275554
Velocity
The number of times a dollar is spent, or turns over, in a specific period of time. Velocity affects the amount of economic activity generated by a given money supply.

this is a nasdaq's definition of velocity, which aligns exactly with my point

[Anonymous No.18275683]

>>18275658
yes, he's talking about the frequency of how often RSV changes ownership/is traded with

which is exactly what I'm talking about

[Anonymous No.18275711]

>>18275683
>>18275662
do you understand that rsv will be used in the market? it will be used by app users to buy things, it will be used to store money from paychecks, it will be used as a trade pair for other volatile assets like btc etc. so why the fuck are you trying to talk about trading the same $10 back and forth with your buddy? are you fucking dense? holy shit is your tactic to be as big of a retard as possible until people no longer want to communicate with you LOL

[Anonymous No.18275732]

>>18275658
every time RSV changes ownership within the app, a fee is collected, which is exactly how excess RSV is generated from RSV's velocity

[Anonymous No.18275739]

>>18275683
>>18275662
what on earth makes you think when someone says "volatility" that they're talking about in a closed ecosystem with no interactions with anything else? like, you must be special ed. feel really bad for anyone you might know IRL

[Anonymous No.18275756]

>>18275732
yeah, no shit. velocity isn't limited to the app. are you a moron? just stop anon.

[Anonymous No.18275757]

>>18275711
because that's the essence of velocity

just because there's high velocity for an asset, doesn't mean the demand is starting to exceed the supply for the asset

[Anonymous No.18275794]

>>18275756
>that's clearly not even the example nevin was giving either. he's talking about fees for app users, the only way to capture fees are from app users

I was answering to this part of your text where you talked about the app specifically

[Anonymous No.18275856]

>>18275739
the closed ecosystem was just an example in order to make things easier for you to understand

market dynamics don't inherently change with scaling up the participants, they just get more complex so giving you an example with a small number of participants might be easier for you to understand

[Anonymous No.18275895]

>>18275739
the closed ecosystem post was just an example in order to make things easier for you to understand

market dynamics don't inherently change with scaling up the participants, they just get more complex so giving you an example with a small number of participants might be easier on your puny head

[Anonymous No.18275903]

>>18275794
anon, like i said from the start, velocity increases the volatility as more rsv exchanges different hands and is used for different things. not in some closed ecosystem where all the variables are set to zero but in the real world, with real assets exchanging hands. with people moving in and out of volatile assets like btc/eth and with people exchanging rsv for goods/services.

these are examples of velocity which create minute changes that translate into volatility. there of course will be a point where velocity alone wont increase demand/supply significantly but you can't claim that the velocity will be limited to two idiots sending each other $10 back and forth, that's not how the real world works. your little false dichotomy examples make you look like a half wit

[Anonymous No.18275914]

>>18275895
the closed ecosystem was meant to create a scenario where you could say "ha look in my example im right" lol you're not that smart bro

[Anonymous No.18275995]

>>18275914
in RSV's context, the amount of circulating RSV and the amount of RSV holders make up the closed ecosystem in which the same principles apply as in the example I gave you

[Anonymous No.18276035]

>>18275995
is your example frozen in time too? lol

yes, if mainnet is released today with no circulating supply of rsv and no users and no trading pairs and no one moving in and out from volatile assets then yes, there would be no way to arbitrage rsr, except no one is making this argument, is this your way of trying to strawman the entire rsv ecosystem?

[Anonymous No.18276367]

>>18275895
>>18275903
Satsgang shill samefag

[Anonymous No.18276419]

>>18276367
i would kill myself if i had to do the mental gymnastics necessary to be that big of a faggot lol

[Anonymous No.18276903]

Peter thiel invested in 4 coins. Btc, eth, eos and rsr. Go figure

[Anonymous No.18276961]

>>18276903
all this coin has going for it is peter fucking thiel

[Anonymous No.18276986]

>>18276961
Disagree with you it has a lot more than just that.

[Anonymous No.18278007]

>>18265314
Top 100 very soon

[Anonymous No.18278047]

Rsr is wash trading using chink laundering exchanges like fatcoin, bilaxy, hotbit and huobi.

Rsr is a fake project run by scammers.

[Anonymous No.18278138]

god i fucking huobi. every chink exchange is horrible

[Anonymous No.18278145]

>>18265314
Cause it's a fucking scam. I'm sticking with ARPA.

[Big Dick Jones No.18278682]

>>18278145
>>18278047
>>18276961
>>18276367
You are a bunch of limp dick faggots with smooth mini brains. Shut the fuck up and go join your gay friends in whatever piece of shit coin you fucking knob sucking chodes think is the best like XRP probably. This thread is for only the biggest dick of RSR Chads, not a bunch of sniveling dipshit pajeet fucks.

[Anonymous No.18278822]

>>18278682
Rsr is wash trading using chink laundering exchanges like fatcoin, bilaxy, hotbit and huobi.

Rsr is a fake project run by scammers.

[Anonymous No.18278844]

Rsr still has no plan for the relation between rsr and rsv (zero tokenomics). Watch the london school of business talk (35 min and something, right before questions start), nevin himself says he's skeptical that the coin can be pegged. = shitcoin

[Anonymous No.18279278]

>>18278844
>>18278822
Absolute schizo obsession thread.. familiar.. we all gonna make it frens

[Anonymous No.18279390]

>>18279278
See u at the roundtable, fren.

[Anonymous No.18279815]

Gonna have to read this thread 10 times to understand wtf these autists just argued about

[Anonymous No.18279826]

I haven't bought RSR yet because I am an American. How do I get in before a major listing absolutely cucks me? And not get fucked on taxes?

[Anonymous No.18279838]

use a vpn, buy on huobi, transfer to ledger

[Anonymous No.18279914]

>>18279838
I file my taxes desu, just wondering about this. RSR is considered speculation on a security? Idk how circumventing the law in purchasing it solves the issue of being able to exit successfully.

[Anonymous No.18280044]

>>18274175
>>18274648
Unbelievably based. Two autists arguing nonstop for 12 hours straight, as well as clueless anons chadbuying because of the logo. Both sides of the spectrum. Yeah... I'm thinking we're all gonna make it, kings.

[Anonymous No.18280662]

>>18279914
Hotbit

[Anonymous No.18280668]

>>18280044
Checked and based. Just got my 350k suicide stack

[Anonymous No.18280987]

>>18279838
How can you transfer rsr to ledger?

[Anonymous No.18281325]

>>18280987
Using MEW or Mycrypto

[Anonymous No.18282415]

>tfw someone's bumped me down a couple rankings on the wallet holders list
>tfw when still in top 100

[Anonymous No.18283258]

1m RSR how will it appreciate, what is its future value?.

[Anonymous No.18283406]

>>18283258
Market cap is $15mil now its going to be 100M+ soon and eventually billions.

[Anonymous No.18284411]

>>18279914
I dont either. I dont give a fuck though. I bought it and am going to trade it into ethereum once I decide to sell. Then trade that into cash if I have to. Unless USDT is available. I really dont give a fuck. They'll probably do what the mob does and tax more like they always do. Whatever, I'll have stacks by then when this hits a dollar.

[Anonymous No.18284583]

>>18265314
Because im all set in lto, ogn and zano

[Anonymous No.18284639]

>>18284411
it doesn't matter how much RSR is worth in 2 years if you can't cash out.

[Anonymous No.18284835]

>>18283406
It's hard to even buy 1 million cheap now.. supply is being hoarded.

[Anonymous No.18285140]

>>18284639
I'll be able to cash out, even if the only way to sell is through ethereum, I can trade ETH for fiat. The govt only gives a fuck about how much money they can get in taxes and thats it.