Reserve Protocol (RSR)

this
What is 6% of 100 billion?
The absolute state of this moronic board.

It's 100 million....

Oh shit no im the moron now, long day of work.,,

the white paper essentially says 1 rsr= 1 rsv based what i read. I am a brainlet can somone explain to me how this shit works

>facebook's libra has the same tech
Please elaborate how facebook's libra has the same tech when it's centralized and reserve is decentralized. Libra is to be used exclusively on Facebook too.. they want to lock ppl into their networks. Rsr doesn't work like that plus reserve is going after areas with hyper inflation, not places like the us.

reserve.org/blog/rsv-vs-rsr-a-primer

>"This[RSR] digital asset provides capital to bootstrap the Reserve network and offers token buyers the opportunity to purchase newly minted RSV, which will allow them to profit through arbitrage trading."

RSR haters WILL die poor and alone

RSR chads will die wealthy surrounded by their beautiful wives and and dozens of children/grandchildren

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Can someone put it into words exactly what having RSR allows you to do? (assuming the project is successful)

My understanding is its something along the lines of for example "I am a consumer that holds 1000 RSR. With that I can exchange for X **not necessarily 1000** amount of RSV, which are worth 1$ each"

it allows you to go broke from buying it on pure hopium.
its gonna stay under $0.01 for ever

It's a global reserve currency that you can rely on to preserve your wealth if your country's currency gets hit by hyperinflation, a la Venezuela.

Changing your ip doesn't make it any less obvious.

BRAP will moon !!!

can some1 shill me on this?`tempting to pick a bag now that it's down 15%

And it's actually at 17mill mcap. Their telegram admin says that coinmarketcap is yet to be updated. Coingecko has the correct information, and the circulating supply is over 6 bill, not 3 bill.

Pretty basic, not a shitcoin so the team won't exit scam. Has some good presentation and low market cap. It's stable bottom seems to be around 28 sats. Hopefully it'll see some adoption with the app release but until then it's not going to dump below 28.

Exactly, I feel sorry for brainlets who don't understand the insane inflation which will occur once the remaining 97 % of the supply is released.

could eventually be worth $1 each assuming this stable coin actually become relevant

This is exactly how I feel too when I read dumb fucks who don't discount the future inflation.
Thanks my man!

97% of the supply isn't being released at all like that.

Someone correct me if I am wrong but:

For example, if RSR is 10 cents each, a dollar worth will get you 10 RSR on exchanges.
and by using the smart contract created by Reserve Protocol, you can trade 10 RSR for 1 RSV.
So essentially, if you can get 1 RSV with 1 dollar if you go through these steps.

The profit comes from arbitrage. Let's say 1 RSV is $1.02 on exchanges, then you can arbitrage and make a profit of 2 cents for every dollar.

People will be using RSV just like how they use Tether atm, so the price will fluctuate around $1.00. Arbitrageur will be able to make some profits by helping to keep the price around $1.00

so if the price of RSR keeps increases before the mainnet launch, then the RSR to RSV ratio will be smaller, and early buyers will be in profits. The ratio doesn't necessarily have to be 1:1 but it is possible.

jesus christ all you do all day is spout retarded nonsense in threads of coins that do not have their entire supply unlocked.
get a life fucking retarded mongoloid

Might want to switch up the typing style if you want to convince

Sry Pajeets...
I still love you though :*

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Essentially yes it would eventually sway around $1 but it's burnt on arbitrage, so with time the price pressure is up.

Oh no no no
This was a dead cat bounce after all...

that's basically the mechanism

even if that's true, i'll gladly take me 4x

Same user once again. Desperately sad.

>shizo user
big yikes. get help.

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Ok ill wait on to post again then! Unless of course that ip has already been refreshed away...

Hi, you're cute and highly intelligent...

> switch phone to wifi and back
Amazing

PRECIATE YALL RSR POSTERS!

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this shit has to be wrong.
the 24hr volume is 2 times the market cap.
CMC has fucked up somewhere along the lines here.

can another user confirm?

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the marketcap is incorrect on CMC. Go look on coingecko, that's the correct one, their telegram admin said. It has double the circ supply that cmc is showing.

but still, 20 mill volume for a 18 mill mcap coin is strange. Dunno if the volume is incorrect, the admin only said marketcap and circ supply

thx fren, really preciate yall

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It's all true, people are buying the shit out of this thing. Volume has increased dramatically over the past few days.