red pill me on Reserve

[Anonymous No.21071202]

why invest in this and whats the projections.

[Anonymous No.21071734]

>>21071202
to make money and it will go up higher than what it is now.

[Anonymous No.21071911]

>>21071202
Jesus christ why do you fucks insist on making multiple RSR threads every day and night. No faggot I will not spoonfeed you, go buy BRR instead dumbass

[Anonymous No.21071919]

>>21071202
Because it's a project specifically designed to combat hyperinflation. The strategy is to use two coins, an arbitrage proxy and a stablecoin, to achieve a viable currency by pegging value to a basket of goods with real value rather than an arbitrary fiat peg. The economic fundamentals are a wet-dream for anyone who works for a living, and a death sentence to predatory banks. On the non-theoretical level, we like it because it has real world adoption in South America during a period of time in which its core purpose, combating hyperinflation, is the single most needed and wanted thing in anyone's life.

[Anonymous No.21071945]

>>21071911
I hope you make this same comment in every Link thread that is made.

[Anonymous No.21071972]

>>21071911
butthurt much? I'm not sorry for you

[Anonymous No.21072099]

>>21071919
shut up i need it to retrace under .01 again I only have 300k

[Anonymous No.21072142]

>>21071202
It's illegal to buy this in the USA.

Invest if you want to spend 10 years in prison. My projection is that your pink boihole will be gaped by BBC.

[Anonymous No.21072214]

>>21072142
Lmfao dumbass

[Anonymous No.21072377]

>>21072142
Who cares about the US market
The rest of the world is leaving burgers behind
Imagine living somewhere that prohibits you buying digital assets, kek
https://cryptomode.com/the-making-of-europe-as-cryptocurrency-capital-of-the-world/

[Anonymous No.21072406]

>>21071202
pajeet shitcoin

not interested

[Anonymous No.21072447]

>>21071202
10 cents eoy

[Anonymous No.21072455]

>>21071734
solid answer

[Anonymous No.21072488]

>>21071919
based and RSRpilled

[Anonymous No.21072530]

>>21072142
This is not true

[Anonymous No.21072709]

>>21071202
from least convincing to most convincing

>decentralized stable coin, like makerdao, which is currently rank 27. RSR is rank 98.

>RSV is around rank 750. If RSV rank increases, RSR circ supply shrinks to suppress RSV price, increasing the RSR price without increasing its mcap. you get the growth potential of a 750 rank coin with the liquidity and exposure of a top 100 coin.

>already have a working protocol with an android app, and the app has at least 5000 installs in venezeula alone (rollout test market)

>backed by peter thiel and coinbase, once they move into american markets RSR and RSV will both be listed on coinbase with USD pairings, no doubt about it.

>peter thiel compared his feelings about reserve to his feelings about paypal early on

>theyre taking US securities law seriously

>a smart contract/ERC20 token that will eventually have less volatility than DAI, but unlike USDT can be used on decentralized ERC20 exchanges

>RSV is actually collateralized by pegs, allowing it to have the best of both worlds in terms of reliability as a peg. It lacks the full counterparty risk of USDT, and lacks the full volatility risk of DAI because 1 RSV actually corresponds to 1 unit of a basket of collateral. USDT and DAI are both used as collateral, meaning that if USDT collapses it will hurt RSV, but not obliterate it, and when DAI has volatility it will show significantly less in RSV than in DAI. Because the protocol rebalances its collateral when a collateralized peg decouples from its basis, volatility in one peg is only a momentary disturbance in RSV, which may cause a temporary dip in RSR value

>the plan is to incorporate not just USD pegs, but other currency pegs as well as commodity pegs. This will allow RSV to be used as a hedge/parking/money without significant exposure to inflation. Imagine an investment insturment that allows you to peg your capital, not to the USD or to gold or what not, but to the price of actual _things_ in aggregate

[Anonymous No.21072841]

Buy RSR for insane yearly gains

[Anonymous No.21072927]

>>21071202
>>21072709

And to add to this (because I ran out of space), some potential reasonable downsides:

>no mainnet launch date set

>the current protocol, though functional, is not decentralized. full decentralization is planned for mainnet

>the current protocol is fully collateralized by USD pegs, which means that it still presents exposure to USD inflation. Granted, this is probably necessary early on given the psychological impact that dollar parity has

>mainnet will need to rely on a robust oracle network to provide price feed data for the underlying assets its collateralized pegs are based off of so that it can adjust its collateral as needed without centralization. Of course, chainlink solves that problem.

>if usage/marketcap of RSV goes down, or if collateral decouples downward from its underlying asset the circ supply of RSR will increase to compensate, increasing the marketcap/decreasing the price

[Anonymous No.21073041]

>>21071202
Projections: 56,68 United States Dollars

[Anonymous No.21073130]

>>21071919
>>21072709

Good posts

To add to that.. Reserve will go on to de-peg from the Dollar completely, because the dollar itself is prone to inflation.. (printer go brrrrrrr) This fact doesn't put it head and shoulders above every other stable coin on the market.. but, in theory, every functioning currency used in the entire world.

I could write a really go deep into this project, ranging from truths, 99% certain predictions and logical conspiracy theories. But i know that if i had sub 1M i would hate someone like me doing that right about now, considering we have had a bit of a dip (not for long).. but i will in due time

Just know that i live in one of the top 5 GDP countires in the World and if i had the chance to put my wages into RSV opposed to keeping it in the bank as a deprecating fiat i would

Now imagine what starving Venezuelans that are literally burning their fiat notes for fire will do once this billionaire backed start up begin marketing in over drive... Then in Argentina, Lebanon, Angola etc. How soon will that be? Who knows the precise date .. but i suggest you find their Twitter and you'll get a rough idea

[Anonymous No.21073138]

shitcoin that can't even rally in a defi bubble. No one even wants their 'stablecoin' RSV which has a pathetic marketcap of $1million, literally a joke of a project

[Anonymous No.21073183]

>>21072709
>>21071919

thank you anons, I will invest then.

[Anonymous No.21073265]

It's a perfect assymetric bet. If this succeeds, RSV could be the primary currency in multiple states where fiat collapsed. RSR has the highest possible upside of the whole crypto market. It's worth the bet.

Combine that with the work of the team (actual boots on the ground), token model and investors/backing. It's a good bet at that.

[Anonymous No.21073271]

I dont want to use fucking huobi, where can I buy this wacky token

[Anonymous No.21073319]

>>21073271
Kyber, Uniswap. Do you crypto?

If you're new one tip: Don't fucking sell for a long time. Like I said, it's a bet. Stick with it.

[Anonymous No.21073322]

>>21073271

Other than Huobi i have used Idex, but you will need Eth to trade for it

[Anonymous No.21073327]

buy the dip, retards

[Anonymous No.21073450]

>>21073265
'boots on the ground'? wtf? this is fucking crypto you idiot not the fucking army. A bunch of poverty stricken Venezuelans aren't gonna do shit. You need super nigh net worth buying RSV not a bunch of pajeets. This is why this project will fail because it's more of a NGO then a business

[Anonymous No.21073636]

>>21073450
Nice fud, good luck accumulating.

Since I've already secured my future riches I'll debunk you anyway.

The team has ben working feverishly in the places where local currency is failing, and discovering what the needs of those people are and translating that into the product. For example, remittances between Latin American countries or US and LA is often a real headache because of financial friction/fees or sanctions(Venezuela). This is a multi billion dollar business ripe for disruption. Read up on it fag. Reserve offers less fees, less friction and censorship resistance for people who really need it and so will use it. This is not a bunch of pajeets, these are millions of potential everyday users.

And yeah they have a philantrophy background. But this makes them that more dedicated to the succes of the project.

Any other issues?

[Anonymous No.21073647]

>>21071202

[Anonymous No.21073849]

>>21073636
Transferring money between Latin America and US/Europe is not a problem. TransferWise/Xoom/Paypal etc all do that, infact i've used TransferWise and the fees are negligible. The only use case is in basketcase countries where there's government sanctions etc.. for the protocol to work you need the RSV MC to be in the multibillions. It's an NGO, face it

[Anonymous No.21073964]

>>21073849
Go read the fucking white paper or some interviews with Nevin faggot. It is a problem and there is friction.

The protocol works right now and is live in multiple countries. Snowball effect waiting to happen.

But yeah I understand your reason to fud it. Honestly, good luck.

[Anonymous No.21074001]

>>21073849
you better pray that they pivot and somehow position RSV into the DEFI ecosystem or your RSR will be worthless

[Anonymous No.21074020]

>>21073849
It's a problem, my roommates are both Venezuelan and we're in another LATAM country. I was talking to them about this specific problem yesterday and my dad works at nintendo

[Anonymous No.21074071]

>>21073964
I have read the whitepaper, brainlet, and i have thoroughly researched the project. Nevin is a clever guy, but he's running an NGO.

[Anonymous No.21074086]

>>21074001
https://reserve.org/blog/why-stablecoins-part-2-sending-money-home

Multiple reasons listed. Oh and this is obly one usecase.

"Approaching $700 billion in cross-border flows, according to World Bank data, the global remittance market presents an immediate use-case for stablecoin adoption."

Ka-ching

[Anonymous No.21074126]

>>21074071
The more you fud the more I will drop RSR-pills faggot.

[Anonymous No.21074229]

>>21074086
you are linking propaganda from a project that you invested in, what do you think they are goin to say? it's not needed? they're trying to provide a solution to a problem that's not there.
>in before if it could just grab 1% of the market

[Anonymous No.21074273]

>>21074229
apart from basketcase countries - they might need it, which is why it's an NGO

[Anonymous No.21074433]

>>21074229
https://www.nasdaq.com/articles/remittance-and-payments%3A-cryptos-big-opportunity-in-latin-america-2020-08-06

NASDAQ, 3 hours ago. You're welcome. SUCK MY DICK

[Anonymous No.21074702]

>>21074433
"Hugo Renaudin is the Chief Executive Officer at LGO, a fair and transparent digital asset exchange designed for institutional investors" what the fuck do you think he's gonna say?This is an opinion article paid by Ripple btw. It takes me about 1 minute to send $100 to my friend in Brazil with TransferWise. It's an NGO.

[Anonymous No.21074773]

>>21074702
no better than this article https://www.forbes.com/sites/johnnavin/2020/07/12/xrp-is-the-crypto-to-watch-says-vegas-blackjack-pro/#6c8022b051f1 they're paid for by Ripple to dump on plebs, there's hundreds of them

[Anonymous No.21074839]

>>21071202
Let me spoonfed you kid

https://coinmarketcap.com/historical/20180114/

This was at the tail end of the bull run when alts went to ATH. I want you to go through the list and look at all the projects who had similar circulating supplies to what Reserve does right now. Notice how many of those projects had their coins valued at over $1. Then realize that this bull run, we will exceed the levels we hit in 2017. You're welcome.

[Anonymous No.21074974]

>>21074839
so what you're saying is if i buy every project with 100 billion supply they will all go past a dollar regardless of the project? wow thanks!!
>what is delusion

[Anonymous No.21075073]

>>21074773
We could go on with this there's reports on remittances by Cepal and other research institutes so fuck off. The facts are the facts and they are there to find.

[Anonymous No.21075126]

>>21074974
Most of those coins aren't even around anymore, doesn't mean that if you'd bought them for a penny that you wouldn't have been insanely stacked. Stay poor. Once this coin starts getting listed on a few exchanges in anticipation of the run next year and normalfags start buying it everyone is going to make amazing profits.

[Anonymous No.21075179]

>>21073130
Lebanon, Angola, Argentina...

WOW! Three of the worlds economic powerhouses. We're gonna be rich!!

[Anonymous No.21075221]

>>21074273
you seem to be forgetting that remittance payments are only a small part (small being a $700 billion market) of the general use case/value opp for RSV/RSR. the primary role is to safeguard against the hyperinflation of native currencies.

if you can't see the potential value/opportunity in speculatively investing a few thousand dollars for the chance to make literally millions in return, then idk what to tell you.

[Anonymous No.21075307]

>>21074839
kek, i love this pic. look at the umbrella for scale, based daddy thiel is like 25 feet tall

[Anonymous No.21075375]

>>21073636
Noting is stopping the venuzuelan government putting up a china-style vpn to ban this app. Hell, then can switch off the internet, and what makes you think they won't if it means more money for them.

This coin is a poorly-thought out mess.

[Anonymous No.21075474]

>>21075375
Lol like the Venezuelan 'government' is capable of doing anything. Why would they even block it in the first place. It's actually good for their country.

And yeah, shutting down the internet would be a great move. Fucking retard kys

[Anonymous No.21075555]

>>21075221
look, i'm not saying i think the project will fail or anything. But the MC needs to be in the multi billions for RSR to be worth even close to what you guys think and the only use case i can see is tinpot countries and that's not gonna get it to multi billions. Good luck though i hope they pivot into DEFI ecosystem. Jah bless

[Anonymous No.21075602]

>>21075555
RSV MC THAT IS

[Anonymous No.21075664]

>>21075179

[Anonymous No.21075673]

>>21075555
be more specific. what does RSV MC need to be for RSR to reach what price?

[Anonymous No.21075749]

>>21075179
This. this is just another attempt grab at controlling these poor people money by the white man clothed in sheeps clothing.

ofc peter thiel would want everyone under paypal

[Anonymous No.21075773]

>>21075673
Read Delphi Digital report. It has simulations with varios scenarios.

Size too big so can't upload, but it's out there.

[Anonymous No.21075818]

>>21075673
an extreme example. If the MC of RSV is a million and the price of RSR is $1 and there are 20 billion RSR, that means 20 billion RSR tokens are competing to arbitrage 1 million RSV. Which just wouldn't work

[Anonymous No.21075905]

>>21075773

[Anonymous No.21075938]

>>21075818
which is why mainnet isn't happening until RSV is massively adopted and much higher in cap. I personally think will take longer than Q1 2021.

[Anonymous No.21076044]

>>21075818
RSR is definitely not going to $1 if the mcap of RSV stays at a million. But RSV is not tied to a $1MM market cap.

[Anonymous No.21076251]

>>21076044
i know, i gave that as an extreme example to make a point. But it still needs to be MASSIVE for RSR to be worth what you guys think it will. It's math.

[Anonymous No.21076268]

>>21075179
>>21075664

Laugh all you want but Reserve becoming a somewhat mainstream financial remittance App in these countries would be enough to give untold wealth to RSR holders

But it gets better? Every hear of proof of concept? Once the protocol is proven, there is nothing stopping it being implamented in the first world. And they will.

And if we're still talking about remittance then that is just one use case available. We haven't even touched upon savings, B2C transactions, storage (essentially a bank account) .. Hell, a possibly adopted currency

Won't give anymore bread crumbs tonight. Make your own decisions kek

[Anonymous No.21076308]

>>21075555
It's a bet. It's what investing is all about. You have to ask, what is this project's endgame? Can the team do it? Does the technology work? Is there value for holders? I've answered all these questions for myself. Now it's just a waiting game.
The endgame is a stable currency that is used by a billion people daily. It it succeeds and we hold long enough, we're all millionaires with steady fat passive income.

If it doesn't, well we still have LINK.

This is how you build a portfolio. The one imvestment that succeeds with it's ambitious goal will outperform all the rest.

[Anonymous No.21076388]

>>21076251
>to be worth what you guys think it will.
stop being vague, have you calculated it? what does RSV cap need to be for RSR to hit $1? I'm legit too low IQ to do math myself kek.

[Anonymous No.21076424]

>>21075179
Yes.

[Anonymous No.21076515]

>>21075179
Lebanon economy will be financied by Israel.

[Anonymous No.21076533]

>>21076268
dude, its a stable coin backed by 3 other stable coins with an app attached to it. There are so many neo banks doing exactly the same "savings, B2C transactions, storage (essentially a bank account) remittances" but they haven't over engineered the solution.

[Anonymous No.21076575]

>>21076308
i agree

[Anonymous No.21076609]

>>21076533
>a stable coin backed by 3 other stable coins
>he doesn't know that this is only the beginning
lel

[Anonymous No.21076648]

RSR is the closest thing to the next Chainlink

[Anonymous No.21076695]

>>21076648
based

[Anonymous No.21076708]

>>21076648
Are you sure? The big deal on reserve is that they are being backed by fishs like Coinbase.

[Anonymous No.21076735]

>>21076609
i do know this. i have researched the project thoroughly. The basket of assets phase is years away judging by the cautious pace they have been working by

[Anonymous No.21076798]

>>21076735
>cautious pace

Compared to even Chainlink, the pace with which they update their systems and introduce new apps is lightning-fast. Your fud is weak.

[Anonymous No.21076835]

>>21075375
>Noting is stopping the United States government putting up a china-style vpn to ban bitcoin. Hell, then can switch off the internet, and what makes you think they won't if it means more money for them.
>This coin is a poorly-thought out mess.

[Anonymous No.21076843]

>>21076388
there is no exact number because it speculative, but let's say 1-2 billion. The burn rate has to be very high. The absolute optimum condition for this would be if the MC of RSV is high and the price of RSR is extremely low . It also has to be extremely liquid

[Anonymous No.21076853]

>>21076648
ready for the singularity

[Anonymous No.21076864]

>>21076735
Speculation ALWAYS precedes development. Look at LINK. There's not even value for holders right now.

With a couple of big achievements adoption wise, Reserve could catch on even more than LINK did. You don't want to be left behind because you thought the development didn't match the price.

[Anonymous No.21076878]

Comparing to all these DeFi scams you're usually too late when you buy them. You buy then they dump immediately.

With RSR you're early.

[Anonymous No.21076901]

>>21076798
Nevin has even said they are being over cautious because if it goes wrong you are playing with peoples lives. Which is admirable desu

[Anonymous No.21076914]

>>21076835
This apply to all crypto
You have to go back fag

[Anonymous No.21076918]

>>21076901
Are you a schizo?

Or did you just buy back in

[Anonymous No.21076931]

>>21071919
>The economic fundamentals are a wet-dream for anyone who works for a living, and a death sentence to predatory banks.
Explain what you mean by this, please.
>achieve a viable currency by pegging value to a basket of goods with real value rather than an arbitrary fiat peg
Is that not what MakerDAO does (I'm new here, legit asking the difference)?

[Anonymous No.21076933]

>>21076735
they're playing the long game. slow and steady. the pace will pick up.

[Anonymous No.21076952]

>>21076914
>Doesn't understand sarcasm and greentext
No (You)

[Anonymous No.21076999]

>>21076918
follow the white rabbit

[Anonymous No.21077022]

>>21076952
i fucked up

[Anonymous No.21077037]

>>21076901
>Nevin has even said they are being over cautious

You say this while, 17 days ago, they upgraded the RSV token. Fuck you.

[Anonymous No.21077103]

>>21076931
>(I'm new here, legit asking the difference)

t. heavy heavy MKR bags

[Anonymous No.21077104]

>>21076931
Dai is pegged by crypto collateral

[Anonymous No.21077137]

>>21077037
The guy has been btfo. This much is clear.

[Anonymous No.21077170]

>>21076918
i've nothing against the team, they're great people. I just think they've played it wrong

[Anonymous No.21077173]

>>21077103
https://medium.com/reserve-currency/our-analysis-of-the-makerdao-protocol-4a9872c1a824
TLDR DAI can't scale

[Anonymous No.21077219]

>>21077037
over cautious about the basket of assets you dumb fuck

[Anonymous No.21077242]

>>21077173
Top kek.

[Anonymous No.21077322]

Look at this söyboy and tell me that this isn't the face of the man who will make us all rich

[Anonymous No.21077371]

where to buy RSR

[Anonymous No.21077414]

>>21077322
Why is his mouth always open?

At every fuckin pic

[Anonymous No.21077486]

>>21077414
BASEDYYYYYYYYYY

[Anonymous No.21077544]

>>21077371
Huobi

[Anonymous No.21077553]

>>21074974
I think you've argued well throughout this thread and I don't see a rebuttal to this yet (in particular) >>21073849 , but that being said the token is supposed to be burnt (sent to a smart contract) and only some small fraction of 100B is every going to be in circulation at a time, right?

[Anonymous No.21077667]

>>21077553
Supply fud had been debunked somewhat. Large part is locked and won't come free for a while. But to be honest the supply fud is one of the strongest, have used it myself kek

[Anonymous No.21077738]

>>21077667
Just make sure you sell before supply unlock so you dont get wrecked by >taking profits
When is the first unlock due and how much?

[Anonymous No.21077938]

>>21077553
i trust the team to not fuck over investors as much as they can, but there will have to come a time that tokens have to be properly released imo, so just pray that the RSV mc is very large by that stage. I would judge the success of the project going into the future by the RSV market cap

[Anonymous No.21078052]

>>21077173
Fucking saved.

[Anonymous No.21078182]

>>21077553
The remittance industry is fuck up
Many people don't have access to those banking services, and they one that do usually pay criminal fees
A decentralized user friendly system would fix this

[Anonymous No.21078299]

>>21073849
>>21077553

If we just use Remittance as an example and ignore the many other use cases a currency provides:

I'll use Venezuela as an example, but any high inflation country will fit this example. Even first world like Turkey for example

If i was to use an app to send my fiat to your initiatory fiat via an app, it quite literally could depreciate in value during the transfer itself, depending on how long it takes. (Think BTC dumping during transaction times).

Lets say its an instant transfer, even then you're still left with Venezuelan Bolivars which at times have depreciated in value up to 25% a day. The argument for Reserve's remittance use case isn't that there isn't other services that can do the same. What Reserve is able to do that is unique is to take your fiat and send it to someone living in a hyperinflation nation without losing it's value in the form of RSV. Once stored as RSV on their app, even if their nation continues to lose 25% of the value of their currency per day, they would still have the same value of RSV, because it's stable.

If you ponder this for a while and consider the impact of this, including other financial use cases and the limitless nations and populations who would benefit from this the true value of the project may cause a light bulb moment

[Anonymous No.21078480]

>>21078299
Thanks Nevin. #Rights #Reserved

[Anonymous No.21078551]

>>21078299
i said it might be useful in tinpot countries. But Transferwise for example is near instant and almost free and trusted and regulated

[Anonymous No.21078608]

>>21078299
This is an element use case. One country alone using this would provide a ton of money to rsr holders. Everyone keeps using Venezuela but almost all of South America is high inflation. Many parts of Africa too, and do forget our favorite India. This will transform sending money around the world. In a way wiring and btc could never compete.

[Anonymous No.21078631]

>>21078551
see xoom etc also

[Anonymous No.21078662]

>>21078551
>26 posts

AHAHAHAHAHAHA POINT AT HIM AND LAUGH AHAHA YOU HAD 2 YEARS AHAHA OH NONONONONONNO

[Anonymous No.21078741]

>>21078662
stick around, you might learn something kid

[Anonymous No.21078811]

>>21078299
I own 500k RSR so I'm no fudder, but how is this different than AMPL? I'm not asking rhetorically, you're just a smarter man than I and I genuinely want to know.

[Anonymous No.21078831]

>>21078741
>27 posts

PFFFFCCHT OH NO NONONONONONONO

[Anonymous No.21078897]

>>21071919
Its designed to do that but not if it doesnt garner wide adoption anon. Adoption is key and so far its been unsuccessful.

[Anonymous No.21079057]

>>21078831

[Anonymous No.21079176]

>>21078897
it's not even launched yet, and you're calling it unsuccessful. lol

[Anonymous No.21079307]

>>21072142
Its illegal to read 4chan.

[Anonymous No.21079384]

>>21078811
AMPL is the most blatant Ponzi scheme I have ever seen. As a zoomer that's not saying much, but I'm amazed people are still falling for Ponzi schemes in 2020. I thought they were a 1920 thing.

[Anonymous No.21079817]

>>21072447
This is bullmarket and the #1 low marketcap gem. This shit will be $1 by bubble peak. Much like link, selling is a bad idea because you can arbitrage (similar to staking) your coins for passive income in soon.

[Anonymous No.21079893]

>>21078897

[Anonymous No.21080067]

>>21078897
>>21078897
>Its designed to do that but not if it doesnt garner wide adoption
That's not true at all. You're thinking of AMPL.

[Anonymous No.21080607]

Where do you even buy the stuff?

[Anonymous No.21081152]

>>21080607
Huobi Global. If you are in US you will need to use a VPN.

[Anonymous No.21081186]

https://medium.com/reserve-currency/reserve-partners-with-chainlink-to-bolster-the-future-of-decentralized-stablecoins-5d486f37e92b
It's chainlink approved

[Anonymous No.21081296]

>>21080607
Uniswap

[Anonymous No.21081365]

Its a defi project. Ling term, its a joke. But probably the best wave to ride for next 12 months

[Anonymous No.21081404]

>>21072142
You're retarded.

[Anonymous No.21081418]

>>21081186
https://www.youtube.com/watch?v=uLskc_a4iKA&t