Missed Ethereum?

rsr is not the stablecoin, it's the underlying coin that increases in value when people use the stablecoin

People are unironically going to use this because central banks fucked up everything and are going to start helicopter money next financial crisis leading to hyperinflation

Sell target: 2022-2030
Estimated market cap: 1-5 trillion USD

Overall a decent long term hold

fuck off i'm selling as soon as it hits 100 sats

Just STOP IT YOU SPINELESS MAGGOT!!

Aren't there enough stablecoins already?

What's up with the bot making micro transaction to make the charts look bearish?

A whale pulling the price down to accumulate some more before the 27?

Ok pajeet bounty hunter

>Implying the elites will ever let hyperinflation wipe out the debt balances they have over the general population
Whew lad.
Inflation would be a godsend for most people at this point.

Most stable coins rely on a centralized entity not fucking us over which the Tether situation proves can be risky, I think this one is different.

Initial investors funds are locked until 2020 you mong

imagining the money elite will not outlaw this kek they hate tether already. rsr wasn't ecen allowed to list on us exchanges due to US SEC regulationa

comfy

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RSV is the stable coin which will initially be backed by US dollars, which are held by a trust company.

Further down the line it'll be backed by a changing basket of assets in a decentralized way, but still stabilized in price with respect to the US dollar.

You're so fucking retarded I'd punch your stupid face if I'd meet you irl

Try it faggot

I am 6'6" and 270 pounds 12% bodyfat

fucking checked

checked quints so it must be true

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Where I can buy this shit? I can't find it on binance. Please explain to a brainlet.

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>2k19
>no idea about huobi
kek

i went all in at 60 sats

am I going to be okay user

>may 25th, 2k19
>not holding atleast 500k RSR
kek

ye it's fine, buy now any price, sell when 100x

2.5mm stack

Yes. You will make it if you have at least a million.

>2k19
>not knowing HUOBI is routinely scamming EU/US investors with KYC shenanigans. enjoy your loss anons

You was chinked by huobi, pajeeted by biz and kiked by VCs. Good job fren

i have 2.5m

What price estimates are we looking at?

>2k19
>being in burgerland
kek

That just seems like a really convoluted way to use the dollar then. If their target is third world countries I’d expect the rulers of those countries to be as equally resistant to crypto as it is USD.

There are lots of countries with 20%+ annual inflation rates. Something like this would be considered a miracle there.

Reserve is about to deploy an iOS app that will act like venmo.

IT DUMPED LMAO this shitcoin is a joke

implying huobi whales will let it dump before 50x
lmao

didn't stop xrp from hitting 1$ last bull

>There are lots of countries with 20%+ annual inflation rates. Something like this would be considered a miracle there.
>Reserve is about to deploy an iOS app that will act like venmo.
this

What is KYC? I see it mentioned here often

if someone can clearly explain how the RSR token will appreciate in value as reserve is used, i will throw 50k into this no joke

"know your customer"

also paypal cofunder, etc, etc. they know this is going to be a top crypto

Know your customer, meaning they get your identity so they can sell you out to tax collector

...

Only got 200k of this badboy, will i make it frenz?

>People are unironically going to use this because central banks fucked up everything and are going to start helicopter money next financial crisis leading to hyperinflation
>Sell target: 2022-2030
>Estimated market cap: 1-5 trillion USD
>Overall a decent long term hold
fucking this. when the big crash comes.. people will buy reserve.. not gold, not bitcoin..

people asked the same thing about QNT

what was your buying price, Ranjeet? I'd say above 65.

you realize governments would have to approve this????? DELUDED

>what was your buying price, Ranjeet? I'd say above 65.
38 cents

yep, basically a way for the NSA and other top law enforcement agencies to collect all your details without buying it off you. Feels good not to have to cuck myself out.

think you mean 38sats my bro.

bought in at 32 sats a few hours after launch here and am hodling for life.

i don't really care about short term
i feel normies will fomo in when they see peter thiel and stripe (just like for stellar) and it will eventually be an easy 20x

Could one of you belligerent fellows explain to me how a stable coin can protect your value, when the US Treasury devalues the dollar?
You have 100K safety stored away, you can buy a Tesla.
Big crash happens
Govt prints money and devalues USD into toilet paper.
Now your 100K can only buy you a rusty bicycle.

So WHY would someone use this coin again?
We already have the solution, just deal with the swings and put all your money in Bitcoin
(BCH)

>doesn't know how inflation works
>doesn't know how the central bank works
>advocates for holding BCH
this checks out

Arbitrage and token burning.

say RSV was trading at $1.02, arbitrageurs could buy $1.00 worth of RSR on an exchange. If there is excess RSV in the Reserve vault, RSR holders could then use the $1.00 worth of RSR to purchase the stablecoin through Reserve’s smart contract. Once in possession of RSV, these token holders could go back to an exchange and sell the RSV at higher market price, making a profit of two cents per token.
Once the purchase is made, RSR tokens are burned, reducing the circulating supply of RSR, leading to an increase in RSR value.

rsv will be backed by assets in 1:1 ratio. Wallet coming next quarter.
Stop spazzing you absolute brainlets and read the website reserve.org

ok, makes sense. what happens in 10+ years when all the RSR tokens are burned? or can they just print more RSR?

rsr has 18 decimals, and the burning is done on dollar value instead of number of rsr, so if rsr is expensive they'll burn less, if it's cheap they'll burn more making it expensive.

are you really considering holding this shitcoin for 10+ years?

Why would you invest in a stablecoin? Are you planning on it to rise from half a cent to $1?

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If Reserve want a collateralization ratio greater than 1:1, they can mint and sell RSR tokens in exchange for additional collateral assets

a hashtag, srsly?

I’m def not missing this. I’m also not a retard. I made so much money off coins you all fudded this past few years

People are interested, and most of the fudders have been proven wrong. This was a success. I am euphoric.

From the whitepaper:
>The Reserve Protocol is designed so that once the portfolio of tokenized assets held in smart contracts is stable enough, the Reserve token can transition to representing a fractional ownership of the collateral tokens.
>This option is in place so that if the US dollar starts to depreciate, the Reserve can maintain a more stable value.

This coin is intended to be used by people who don't have access to a stable currency, e.g. people who live in countries experiencing runaway inflation.
If RSV goes off the dollar peg, then it could be used as a hedge against USD.

BCH is obviously too volatile to be used by regular people as a currency. This is a supposed to be a safer alternative.

so right now its trading on huobi, but only for chinese people
on 5/27 they say they will open it up for everyone
any decentralized exchanges like idex where I can buy it currently? just going to DCA in

Dai is on coinbase (a stablecoin).

Tether wasn't listed, probably because it's shady as crap.

>an iOS app

No it's an android app.

no problem for europeans. only americans are circumcised cucks

alright i'll just make a new acc using a VPN. i'm assuming no KYC required, and how much is your daily withdraw limit?

Governments will have to approve Cryto, is that what you are saying?

RSV will just be a crypto, like any other... Why do you think they would need to specifically approve the use of crypto and not BTC/LTC/XMR/BCH/ETH/etc

That's the biz meme.

7 million rsr, but limits for btc and eth are low as fuck. i'll actually not be able to sell my rsr on huobi because of that

fuck, it's a scam!

AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

gotta reel in the normies and reddicks

RSR gnna pump u gotta be a full on retard to not see that

It looks locked and loaded ready to pump right now with a shallow sell wall.

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lol, it's dumping my friend

get in before tomorrow
huobiglobal.zendesk.com/hc/en-us/articles/360000279961--Exclusive-RSR-Trading-Frenzy

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Didn't the same promo contest happen with BTT? What happened after that?

Oh we pumping alright, but I'll be nice and let you buy my bags at the top

I think it pumped

pls sirs buy this new stable coin approved of by the central banker jews that is also pegged to a volatile coin that you might make money off of.

how about you kill yourself and go shill plebbit this fucking centralized kike garbage coin?

Didn't this already pump tho? I like it long term, but the shitcoin flippers have already had their way with it and moved on desu.

yeah
PnD damage control. pathetic

my buy in was 5400
i just want out at this point haha

>Didn't this already pump tho? I like it long term, but the shitcoin flippers have already had their way with it and moved on desu.
It's only been on the market like 4 days max lol

user...

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