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100x from here easily
>>21272094are you serious?
I'm writing this thread to evangelize RSR to those who hold LINK but not RSR.That means I assume:- you've already DYOR on LINK (thus I won't explain oracles, staking, etc).- you want a conceptual overview of RSR (thus I won't try to shill you on the team, the listing breadcrumbs, the investors, etc).Right now we're seeing an explosion of value in LINK's value due to a mix of speculation, partnered nodes, and real world use in the DeFi bubble. For those of you who were around in 2017, you'll recall this being similar to ETH's role in the ICO explosion.Now if we're honest with ourselves, there's another similarity to 2017: pretty much all of these DeFi projects, and DeFi as a whole, are completely worthless. I'll stop short of calling them "scams," but even if these projects 100% deliver on their goals, no one really needs stuff like "decentralized loans." Not even techies are interested in this stuff! Don't take it from me - search Hacker News for any DeFi-related term for a pulse check on how little anyone outside of moonboys care about this stuff (and no, that does not mean "we're still so early").1/4
Enough about LINK for the moment. If you step away from speculation/euphoria brain and think about this from a complete outsider's perspective, you'll notice that the blockchain ecosystem has four main "real" value propositions over centralized finance technologies (this includes conventional fiat currencies):1. Freedom from censorship (no one can block your transactions)2. Privacy (fungible digital replacement for cash)3. Low-fee day-to-day transactions and remittances4. Trustless store of valueNote that I do NOT include "decentralization," "open ledger," "programmability," "application support" etc above. These are implementation details. No one says "if only my bank transactions were decentralized, programmable and transparent!" These things only matter insofar as they support real-world use-cases like the ones described above.So let's think about which coins actually support these use-cases currently.I'll ignore #1 because pretty every coin or token has freedom from censorship (with some notable exceptions).Number 2, privacy/fungibility, is interesting: not every coin needs it, but there will always be a darknet and that means things like Monero will always have a niche. Note though that this implies nothing about their tokenomics - e.g. Monero's are pretty much the same as Bitcoin's (PoW/scarcity creating upward pressure) but the inconvenience of the technology plus the lower relative volume means it's not really a great bet for the crazy ass pumps you can get from other coins.2/4
Now let's talk about #3 and #4 because here's where things get interesting.The first time I ever learned about RSR was February of last year, when I wrote this thread: >>/biz/thread/12832566Since that's pretty tl;dr - I basically did a mental exercise of "using Chainlink, wouldn't it be possible to create a truly decentralized stablecoin, the price of which is anchored not to fiat currencies but to the relative worth of commodities in developed nations?"Now think back for a moment to February 2019. My frame of reference at that time was basically Brexit and the Eurozone crisis - who would want to anchor a stablecoin to a single national currency, or even multiple national currencies, if shock political events could cause them to go up and down in value? Of course, there's always USD, but...Are you getting the picture?If I'm living in Buenos Aires or Caracas or Beirut and:- need somewhere to store my salary and make payments- want to avoid getting fucked by forex rates- want to avoid getting fucked by government currency regulations- want to avoid obvious scams like Tether- want to avoid getting my funds locked if Coinbase gets hacked, goes under, changes hands and stops working with my region, gets under US pressure, etc etc- want to make my savings resilient against fluctuations in the price of USD/EUR/GBP/etc when COVID (or some future event) threatens to completely wreck asset marketswhat are my options?3/4
>>21272033>does it make senceBiggest sell signal I've ever seen
This is the problem RSR/RSV is trying to solve: a *truly* decentralized currency making use of fiat, commodity and asset value data feeds (supplied by Chainlink) to be *truly* resilient against value depreciation AND be suitable for everyday exchanges.This thread is long enough as it is, so I won't get into further details on how RSR works to stabilize RSV, how arbitrage works, etc.Your main takeaway as a LINK holder at this point should be that RSR/RSV:- make LINK more useful than any project going in DeFi right now- will realize the full potential of the blockchain in a way no other project ever hasand this is before getting into the team, investors, etc.4/4
Worst part about my shilling this is I only own 100$ worth, rest of my funds are in XSN. Probably moving some over to RSR once that 10x though.
>>21272094>>21272773yes .01 to $1 is the assumption making RSR an asymmetric investment at these prices. It is possible it goes over $1 due to their arbitrage strategy. Will be one of the defining "DeFi" gems over the coming bullrun.
if your considering suicide in the near future, then yes
>>21273205And to think some websites dont even include it in their defi lists
>>21272033The nice thing about RSR is that it probably won't appreciate in value too much before they put out their mainnet so you have plenty of time to accumulate. Already bought a suicide stack myself just in case.
how do i buy, uniswap?
https://www.coingecko.com/en/coins/reserve-rights-token#marketsUniswap for small orders.Huobi for anything large (1M+)
RSR dumped 90% this morning anons.
>>21273601no it didn't
>>21273601is this fud or are you actually that retarded?
>>21273630>7 Posts by this IDStop shilling I want to accumulate more under .01