YES it’s a horrible investment, if ur in right now sell ur bags. This will be ur greatest regret
Btw only reason Peter Thiel is involved is because he is butt buddies with Nevin - little fairies “investing” in each others’ scams ahahahahahaha - RSV is what will be used not RSR, RSR is a CASH GRAB this is a pure pajet scam. There are even rumors that Peter Thiel sold off his entite stash a long long time ago KNOWING that it is a scam run by Indians. Nevin is only a puppet for them.
The “Paypal founders” working on this is a meme- yes they are developing this but think about Paypal. Paypal was SUCH A FAILURE that EBAY had to come buy it out (save them) and then the world never really used Paypal again. To this day Paypal is irrelevant and only used on ebay.
Stay far far away user.
Connor Rodriguez
>To this day Paypal is irrelevant and only used on ebay. Wtf man? We use it here in Europe for everything
Eli Adams
>circulating supply == total supply
Alexander Rodriguez
Kek
William Lee
>$10 Lmao, I'm going to make it by $1 and make a shit ton of money by $0.1. Stay poor.
Parker Scott
>They can print and burn tokens at whim False. Read the white paper. RSR can only be minted if its price is >$10. RSR can only be burned by RSR holders in exchange for RSV. >RSV is what will be used not RSR, RSR is a CASH GRAB RSR is an integral component of the RSV stabilization mechanism. Do you not understand this or are you lying? (OP) >It depends on the circulating supply at that point, which depends on the burn rate, which depends on adoption and the performance of assets in the Vault. All we have at the moment is conjecture, but for the sake of argument I'll do some rough calculations. >At current prices it costs 3.3M RSR to acquire 10k RSV to perform a $10k arb opportunity. >Let's assume RSV has sufficient usage and interest-bearing Vault assets to support 20 of these opportunities per day (that's conservative considering how many exchanges it will be on). >In a year that would burn 24 billion RSR, which is 24% of the total supply of 100 billion (including the ~51% that are locked in the slow wallet, which might not be on the market for many years). >Obviously the price would not stay at $0.003 for the entire year while these burns are going on - the price would increase and fewer RSR would be burned per arbitrage event. But just as a rough guide this shows that burning 25% of the outstanding supply each year would not be impossible. >Assuming a semi-constant burn rate (because demand is increasing along with price), after five years we would have a remaining supply of around 237M RSR. >At $10 RSR that would be a market cap of $2.4 billion... for comparison that is around 5x MakerDAO's current market cap, and a little over half of Tether's.
Wyatt Rogers
because people are retarded, the white paper mentioned they'll mint more if it reaches $10 so brainlets assume it will reach $10
Mason Wilson
You fell for the RSR meme.
Shoulda bought VIDT, faggot. VIDT is truly /our coin/. After all tokenomics are accounted for, there will only be a max circulating supply of ~35 million. This is easily a $10 --> $30 --> >$100 coin. I sold off my RSR bags at a loss long ago and have never felt comfier holding my VIDT suicide stack.
