WHAT THE FUCK DOES THIS EVEN DO?

[Anonymous No.21729860]

I can get my head around LINK, have a 10k suicide stack (at least it was when I bought it more like 500 link now)

See RSR shilled and fudded on here, its the fud that intrigues me, any smart anons on here that have a decent stack?

[Anonymous No.21730103]

>>21729860
5m

[Anonymous No.21730172]

>>21730103
100k USD in RSR? I suppose you started with much less?

[Anonymous No.21730344]

>>21729860
27K poorfag here. This will sure make a 10x, but a 100x ($1) is a meme. I will sold half of my poorbag when this hit $10c, and if one day hits $1 or more i will be happy with no regrets.

[Anonymous No.21730389]

>>21729860
I like what the team are trying to do, but how does the value of the coin inflate, is there a cleer anon take on the whitepaper?

[Anonymous No.21730427]

>>21730389
Clever*

[Anonymous No.21730653]

>>21729860
it does nothing, it's a stable coin backed by other stable coins. Two weeks of work. Plebs buy it because Peter Thiel donated some money to it. The pleb holders now believe the token unlock for liquidity meme, which means an extra third of supply is being dumped on them. RSR holders are in the negative IQ range, up there with XRP shills

[Anonymous No.21730757]

>>21730389
1) RSR supply continuously decreases as RSR is burnt in process of arbitrage. It doesn't matter who does arbitrage but in the process supply reduction of RSR happens

In that sense it is similar to what happens in stock buybacks, in the process of buyback RSR is continuously being moved to the vault and ultimately burnt (think stock buyback using fiat in form of company cash reserves).

2) So essentially as a RSR holder, you hold a share in the Reserve ecosystem that profits from transaction fees and yield from the asset base.

3) Larger the adoption of RSV, larger the reserve asset base and larger the RSV in circulation. Larger the velocity of existing RSV, larger the transactions and hence the fees from transactions and larger the RSR burnt from the market (you know the process arbs move to vault and then vault burns it above a critical ratio). Finally larger the RSR burnt, higher the price of RSR.

[Anonymous No.21730794]

>>21729860
>>21730389
>RSV is a decentralized stablecoin collateralized by USDC, TUSD, and PAX that can be generated and redeemed by anyone, anytime.
>In order to generate RSV, you will need equal parts USDC, TUSD, and PAX – you can't generate RSV from just one of these, you need all three. When you redeem RSV, you will get out equal parts of all three of these tokens as well.
RSV is a stablecoin meant to provide a digital alternative to national currency in shithole countries.

[Anonymous No.21730844]

>>21729860
Lots of anons have stacks of 1MM plus, we just like to FUD our own bags. The use case is actually very strong, they have a novel approach they're taking to getting a foothold in the remittances market (currently wide open to crypto projects) and the supply, while quite large, is mostly locked in a wallet with clear parameters on how it will be used and will be burnt over time. There isn't much reason to think that they will increase the circulating supply to be greater than XRP's by the bull run which means we're probably looking at a target price of $1 minimum sometime in the next 1-1.5 years. Plus it has backing from Thiel, Sam Altman, Coinbase and some other Silicon Valley illuminates. Hard to see much downside.

[Anonymous No.21730878]

>>21730757
"Larger the adoption of RSV, larger the reserve asset base and larger the RSV in circulation"
>3 years later
>1m marketcap
>kek

[Anonymous No.21730880]

>>21730389
also These are the two key things that you need to keep in mind when thinking about arbitrate:

1) The protocol will always sell RSV mints for $1.
2) The protocol will always give you back $1 worth of collateral when you redeem your RSV.

You care about the first if the market price is going above the peg, because you will be able to buy low and sell high.
You care about the second when the market price is low because you can buy a stack in the market and redeem it each for $1 worth of collateral.

Note: The auction mechanism makes the price of new mints be slightly higher than $1 but that's too complicated too explain. For practical purposes you can ignore it.

[Anonymous No.21730938]

>>21730878
I love fud, let's do it

[Anonymous No.21730964]

>>21730938
if facts are fud then i would worry if i were holders desu

[Anonymous No.21730969]

>>21729860
transfers your wealth from your metamask wallet directly to third world subhumans

[Anonymous No.21730981]

>>21730389
RSV intended to be spent like using any other app to pay for things. I'm sure you'll want a beer or groceries at some point. In the last bull run many people had problems cashing out due to many factors. Secondly, something nobody mentions, If you have a wallet with a stable coin built in you can preserve your gains from RSR in RSV and cash out to fiat later when network fees and congestion come down. Hopefully we'll never have to cash out. Finally, passive income can be generated through arbing to keep RSV stable. If you have enough passive income, you'll never have to sell any to realize profits. This is the goal of the project.

[Anonymous No.21730982]

This is such a comfy hold

[Anonymous No.21731027]

>>21730964
3 years later the market cap of RSV is 1 fucking million. Have you stockholm syndrome?

[Anonymous No.21731029]

>>21730964

[Anonymous No.21731081]

>>21729860
protip newfag, buy anthing that biz goes out of its way to fudd.
also RSR is a venture capital pump and dump scam designed to make billionaires richer.
the token isnt even needed! lmao stay poor retards!

[Anonymous No.21731157]

>>21731027
>4 posts by this ID

[Anonymous No.21731169]

>>21731027
RSV may be worth buying because of its stability.
but imagine buying RSR and not knowing its going to $0 in a few years.
Americans cant even legally buy RSR its that big of an unregistered security.

[Anonymous No.21731190]

>>21731081
missed 1
>>21731157

[Anonymous No.21731196]

i just like to fud because rsr holders are minus iq mouth breathers, i do the same on xrp boards. If you give them facts they have nothing to say apart from investors. They have a mental illness

[Anonymous No.21731302]

tell me faggots, what's the plan to get the rsv market cap into the billions in the next 6 months?

[Anonymous No.21731432]

>>21731302
>>21731196
>>21731027
>>21730964
>>21730878
>>21730653

Damn, this faggot is mad as fuck. You can still buy in buddy.

[Anonymous No.21731502]

>>21731169
That is true anon, if you buy as an American your wallet will be frozen and seized by the DOJ for SEC violations. Other anons have reported this happening recently.

[Anonymous No.21731637]

>>21731169
Americans can legally buy it on secondary markets. It’s just the team is holding off on selling directly to them until legal matters get sorted out like ensuring it’s decentralized.

[Anonymous No.21731645]

>>21731196
>>21731302
>>21731027
>>21730964
This is a long-term hold anon. We will hit market cap. Why do you deny destiny?

[Anonymous No.21731729]

>>21731196
u r dumb. i don't even worry about price fluctuations with my 5m rsr i hold, it's an obvious winner.

[Anonymous No.21731954]

>>21731645
why deny facts? How are you going to arbitrage billions of rsr with a minuscule rsv market cap. Remember the projects success relies on the RSV marketcap once mainnet hits, right now it doesn't matter. So tell me how RSV market cap will get to 200m in the next 5 months? Where's the traction?

[Anonymous No.21732056]

>>21731954
you faggots never have any cold hard answers. Only hopes, dreams and memes

[Anonymous No.21732655]

>>21729860
I have 800k. In LINK since .40

[Anonymous No.21732719]

>>21732056
i think most of us are tired of writing up sincere responses to doofuses like you.

[Anonymous No.21732885]

>>21731954
The app isn’t even done enough to be actively marketed yet. It’s releasing in the next few weeks, and then we’ll see.

[Anonymous No.21733198]

>>21731954
>>21732056
LOOK AT THIS BABY LITTLE FAGGOT BEGGING TO BE SPOONFED
I BET HE EVEN HAS A MICRO PENIS NO WOMAN WILL EVER TOUCH

>>21732719
just stop spoonfeeding this lazy fucking retards. its the only solution to making sure they never make it with the rest of us who have earned it thru fucking thousands of hours of market research.

[Anonymous No.21733243]

keep fudding! Let's get it under a penny.