/biz/ - Business & Finance

[Anonymous No.21633989]

RSR has VERY LITTLE utility in the Reserve ecosystem besides DILUTING THE SUPPLY. The team has created a false narrative that you can make a lot of revenue through RSR/RSV arbitrage, which would create demand for RSR in the long run. But is it true? Lets dive in.

1) An excess pool of RSV has to exist in order for RSR holders to be able to arbitrage with RSR. How is this pool of excess RSV created? The collateral for RSV has to appreciate in usd value ABOVE the collateral target. That means you as a RSR holder CAN’T arbitrage until the vault is optimized to produce revenue/gain value against usd, which is unlikely to happen for YEARS.
2) RSV has to trade above $1 in LARGE volumes for the arbitrage process to be in any way profitable, which is very unlikely to happen – if RSV does trade above $1 peg, it will be in small amount of sell orders. Not to mention that the Reserve foundation will ALWAYS have a first actor advantage, deflating the pool of excess RSV tokens BEFORE any of the regular holders will have a chance to participate

Where does RSR then play a role? When the vault portfolio depreciates in value, the protocol will mint AS MANY RSR NECESSARY in usd value to INSTANTLY SELL on EXCHANGES for the deficient amount of collateral assets to get back to the target collateralization ratio. When new RSR gets minted, the circulating supply of RSR will be inflated, inherently lowering the value of previously existing tokens. Not only because there are now a huge amount of new tokens in the circulation, but also because the newly minted RSR were market sold as per the smart contract associated with the RSR/RSV arbitrage mechanism.

Example: if we have 100m RSV in circulation and the collateral depreciates 5%, the protocol would need to mint and SELL $5 MILLION WORTH OF RSR tokens. When the current RSR mc is only $16 million, vault deprecation would have a DRASTIC NEGATIVE IMPACT on the market price of RSR, making it EXTREMELY RISKY and unattractive to hold.

[Anonymous No.21634109]

>>21633989
Insider here with some valuable information. Just got a phone call from a colleague of mine. He said there were some huge contracts and deals that were signed with RSR, but there were some legal stipulations involved, and now everyone is pulling out. The situation is looking grim. RSR will most likely pump to .7c short term, then crash back down to .005c and ultimately fizzle out and die. I'm just sharing this info with people because i sincerely care about the welfare of everyone and their families whom are involved.

[Anonymous No.21634141]

>>21634109
This has to be a bot

[Anonymous No.21634157]

Thanks for Making / Bumping Reserve Threads and keeping it fresh on people minds

RSR in 2019/2020 is literally LINK in 2018
We will Dominate biz boards mid to late 2021

[Anonymous No.21634225]

Sorry dude, you're not getting my RSR. Anyone who's dumb enough to fall for this shit deserve to not make it. See you at $0.10 in a week or two. $1 EOY.

[Anonymous No.21634318]

>>21634157
I dunno. PNK seems to be the most dominant party on /biz/. Even threads for other coins make references to PNK memes and not-so-subtle mentions of the Kleros Court.

[Anonymous No.21634331]

reserve memes fucking suck

[Anonymous No.21634372]

>>21634331
Good
We dont want to attract you children that need colorful green pepes and shit
this is a grown mans token

[Anonymous No.21634393]

Look at how RSR shills never bump certain posts, they want to emulate LINK shills by making custom memes and it's highly likely that it's all shilled by the same group, I'm doing this because I worked my ass off to get my economics degree and I hate a fucking ignorant fuck talking shit with the attitude of someone that know what he's talking about.

If you know basic economics and basic tokenomics you already know that this shit is a scam but if you don't know here some facts:

RSR CEO has no academic background, Linkedin has no University or nothing,
Youtube videos comments are disabled because they know they're talking shit.
Tokenomics unsustainable and totally vapourware.
Forbes article made by muh contributor
Devs hold 70% of the supply
Circulating supply is 4% of the total which means you'll need at least a 25x to only break even long term.
No company address on the website, no professional info whatsoever.


There's literally nobody on the team that has the proper economic knowledge to even properly consider the idea that they've thought of.

They literally have N O T H I N G to show for, no code, no algorithms, just a few blog posts and screenshots of an app any 10 year old could create.

As I have previously stated they will face regulatory issues, the sec won't just allow them to "become the biggest stablecoin business" dealing with sanctionned countries. Even if

Reserve seems to claim they need KYC - i disagree, they need AML. They cant seem to tell the difference.

Getting off the peg, lol what fucking retards, even Tether, the biggest ponzi of all is pegged, they don't talk about public statements about the reserve, they don't talk about nothing, they just go arond with the attitude of being intellectual and that's why I hate them, at least Bitconnect was obvious and funny, ZBUX is a meme, BRAP too, these guys act as academics and that's why I hate them, because they're not even 1/100 of what an academic is

[Anonymous No.21634406]

>>21634372
le epic black and white filters on women

[Anonymous No.21634429]

>>21634393
Saw this discussed in the RSR price telegram channel, dropped my whole 1MM bag today. Thanks for confirming.

[Anonymous No.21634440]

>>21634157

Most linkies hold RSR so it's not surprising that we moved on to the next big thing years ahead of everyone

[Anonymous No.21634447]

>>21634372
>this is a brown mans token
definitely agree

[Anonymous No.21634646]

>>21634393
Agreed with most but your credentialism is fucking gay.

>t. associates degree making $500k a year

[Anonymous No.21634806]

Imagine fudding this hard.

[Anonymous No.21634876]

>>21634109

Wow. I've been hearing this circulating on the discords, nice to hear it confirmed here.

[Anonymous No.21635029]

Lmao the fudbots are glitching out hard

[Anonymous No.21635071]

>>21634876

Mahapajeet since when did the white man introduce VPNs?

[Anonymous No.21635703]

>>21634393
>>21634429
Why are you spamming this shit everywhere?

[Anonymous No.21636513]

Why all the fud on rsr suddenly. We are going to moon soon.

[Anonymous No.21636547]

>>21633989
My friend works at a wealth management firm in San Francisco. I asked him to look over the white paper so I would know if they were being honest about the tokenomics. He told me that this is the most idiotic idea he's ever seen for a stablecoin, that the team clearly has no idea how they will back the currency with real world assets and that this is basically going to become the new Bitconnect once the bubble gets large enough. The biggest cause for concern according to him was their intention to use not only foreign fiat but also alternative assets for stabilization. In particular their use of vehicles like paper gold and securities is going to be very dangerous going forward. Paper commodities have been shown to be fundamentally flawed in the post-COVID world because they are even less reliable than unbacked currency and supported only by manipulative exchanges like COMEX. Securities are worth less than the paper they are printed on as well, just look at how investors have been running from all of the bonds issued by the Treasury this year. Guys like Peter Thiel and Sam Altman might have thought this was a good idea before 2020 hit us, but now it is a total disaster. I will probably ride this wave up a few more pennies because I bought in 2019 but if you are thinking about getting into this coin, just stay away. There will be nothing but losses in your future.

[Anonymous No.21636691]

>>21636547
>my "friend" works in San Francisco.

[Anonymous No.21637268]

>>21636691
I wonder if they think this FUD actually works or if they are just shitposting

[Anonymous No.21637272]

>>21633989
>>21634331
>>21634429
>>21634876

>>21636547
lol

[Anonymous No.21637331]

>>21637268
its probably 50/50, some want cheaper bags and some are worthless npcs
although look at what they have done with Statera, enough retards have been convinced that the refund will dump the price of Statera and now it crabs around 21c