So what is up with the supply. 4 bil circ vs 100 bil total.
Why is the supply even that big.
The rsv stable coin is not included in that supply right?
Can anyone redpill me on this
Rsr supply
Nolan Edwards
Other urls found in this thread:
youtu.be
ventures.coinbase.com
lmgtfy.com
twitter.com
Jaxon Brown
It needs to be that big if it they accomplish their goal and get adoption as a reserve currency in multiple countries
Why is the US dollar supply in the trillions? One country
Samuel Torres
Dominic Jackson
Also, they have said that they plan on using a lot of the non circulating supply to get partners/companies on the reserve protocol
Imagine trying to get the largest retail company in a given country to accept your newly made currency over the well established sovereign currency. Your going to have to grease fingers. Realistically.
Justin Flores
Sure makes sense, but isnt the stablecoin going to be used for transactions. Rsr is purpely the value coin right, so does it need 100 bil for partnership. If rsv has 100 bil i would understand, but i dont understand why rsr needs it
Blake Wright
Thats a good point. RSR will eventually back RSV to an extant.
I think the main reason its so high is because of the coin burn. The white paper says 2-5% burn of the value of RSV will be burned in RSR. So if RSV has a similar circulating supply and RSR is worth less than RSV that burn rate will be much greater than 2-5%.
Luis Kelly
If it takes ~$1 worth of RSR to arbitrage RSV and keep it stable, and it takes ~200 RSR tokens to get to $1 RSV and the burn rate is 2-5% of that value then that's ~10 RSR tokens that are burned for ever $1. This is why RSR will shoot up to the $1 range after main net launches and RSR starts being used to arbitrage.
(This assumes RSR price stays around ~.0055 range after app release and before mainnet. If RSR price goes up as mainnet gets closer then less tokens are burned from the total supply during this interaction. If RSR price drops then more tokens are burned which will raise the price back up.)
RSR will be minimum $1 shortly after mainnet. (2-3 months maybe sooner)
Cameron Campbell
If RSR ever hits $1 I will shit in someone else's pants
Andrew Stewart
Burn rate makes $1 a near certainty. Just keep an eye on app in the following months and that should be enough confirmation for anyone that's still on the fence or fell for the pathetic attempts at fudding.
>thiel not an investor fud
>linkedin fud
>app delay fud
>exit scam fud
All bullshit.
There's zero chance they would risk putting Thiel or any other investor on their website without their consent. These people are millionaires and billionaires, you don't think they care about their image/brand being misused? Give me a break, they would be dealing with litigation for years if they tried this shit.
Linked in is by far the funniest because people took it so serious. Yes, the team all know each other from an incubator group this is not a secret, which is why they put it on their Linkedin accounts. They talk about this openly often. How the fuck do you think they were able to network with their investors. You can't compare this to some random internet nigger like Tai Lopez.
App delay fud is also bullshit. Just some random nostradamus user nigger making guesses because he was upset that he couldn't dump his private sale tokens immediately and had to wait for them to slowly be distributed to him.
Same private sale token nigger crying about not enough info from team and how they were going to exit scam everyone, once again while complaining about private sale and not being able to immediately dump on everyone. (this was by design by the way)
Team took measures to make sure faggots like him wouldn't be able to dump immediately on everyone else just because he got lucky and was able to buy before anyone else had a chance. This shit is unfuddable. Fuck you niggers who keep trying to fud to accumulate, I hope you get your cock bitten off by a meth head prostitute.
Ian Price
If $1 is inevitable is $10 a self fulfilling prophecy
Daniel Young
Eventually yes.
May not be until 2023-2024 realistically though
As burn continues and RSR decreases significantly. There is no reason why RSR cant hit maker levels of $500 but that would probably be a decade out and assuming they get adoption
Henry Gonzalez
i'm holding to $10. i don't care how long it takes. i t will get there. i believe
Ian Jenkins
holding to $10. buying more everytime i get paid. i either make it or die
Asher Bennett
paradigm fudder here.
the app will be delayed fuck you delusional idiots lol have a good night
Easton Morales
paradigm fudder here.
the fact that someone just wrote all that confirms everything i've said.
the app will definitely be delayed. delusional cope levels i've not seen on a project since Constellation lol have a good night
Wyatt Perez
Don't buy this shit dude.
Honestly ask yourself if a Non-government coin managed by random people is going to be a world currency. Do you have any idea what kind of power they would have and what that would imply?
It's a no and an absolutely not, all around.
Angel Gomez
>didn't read whitepaper
>never gonna make it
James Flores
So where do burgers buy in?
Luke Miller
idex timer is almost up, aug 31 is deadline to buy there. so last place might be huobi using vpn until coinbase adds it but that probably wont be until after the app and or after mainnet launch.
Ryder Bennett
idex until the 31st and after that probably last place will be huobi until coinbase adds it either after the app release or after mainnet next year.
Hudson Smith
fuck 4channel is being slow and gay just like
Mason Edwards
>SEC Commissioner on advisory board
>Thiel, a fucking Bilderberg member, is their #1 investor
One of their primary goals is government compliance and they clearly have the connections to accomplish that.
It doesn't really matter whether it's adopted for its intended purpose, though. It will be the top stablecoin once the protocol is live and the arbitrage option alone will be enough to drive up the price of RSR.
Thomas Watson
The ultimate goal of RSV/RSR is to be a fully automated system with very little involvement from humans. All of the tokenized assets will be in a smart contract (the protocol itself is going to be a smart contract) and once these assets are there they will be able to be audited by everyone. The more transparent they are the more chances that RSR/RSV will be successful because it relies heavily on people being able to trust the system regardless of the person that created it. So it wont matter if you don't trust the team, but if the system is set up in such a way where there is full disclosure and transparency then trust becomes a non-factor because we will all be able to see and check ourselves what's going on at any given point. Alright that's enough spoonfeeding, if you don't want to read the whitepaper then don't invest in this it's really that simple.
Andrew Bailey
20-50b supply by next bull run i bet
Nolan Perez
how has ripple unlocked their coins in comparison
Charles Campbell
FUD destroyer
Jason Jenkins
user gets it.
Luke Bailey
Lmao u guys are DELUSLOOOOOJINALL— Peter Thiel ONLY SAID YES TO THE SITE because he is fucking Little Nev Fairy. Nevin is his butt buddy.
I love gay people, and they love to suck each other off. I really wish them the best, hopefully they will get married too (yes progress!) but RSR is simply a way for Peter Thiel to keep Nevin sucking him off.
Keep in mind- Thiel has billions of $$. He only invested like a few $$ millions. So, barely a fraction of a fraction of a percent.
It is as good of an investment as a high-class whore. Nevin is his whore. Easy, he made one payment, gets some “fun money” so he can show pppl in his lil Ethereum wallet, and then he gets sucked off by Nevin without having to continually pay him his sex fee.
If you have this, I would sell IMMEDIATELY. Not that u can anywhere anyway because even the EXCHANGES know this is a (literal) gay scam.
Hunter Ross
Based fudder. Please never stop replying to rsr threads. The salty tears of this bagholding cult are delicious.
Thomas Fisher
Based schloppy.
Isaac Adams
man the broak hatian rides again
Jacob Davis
i mentioned this in a different thread, but
RSR cannot be fudded
Luke Nosek (co-founder of paypal) 2nd to the left
this dispels any beliefs that the projects a scam. if you listen to the review you can tell nevins thought of highly.
also
the first cryptocurrency to appear on the investments of coinbase ventures : ventures.coinbase.com
guys.
get in now .
Joseph Flores
>bag holders
>salty
>3 month old project
lol nice try
Isaiah James
They've been developing the project for two years, the token only launched on sn exchange 3 months ago. But I won't spoon feed bizlets anymore. Jk I love shilling this.
Ethan Howard
I’d love to talk more about the maths regarding the increase of value. The arbitrage opportunity is great and some user wanted to work on a service like Linkpool that would automatically sell/buy depending on the fluctuating price of RSV.
If it hits $1 id be contempt. It’s a far fetched dream but seeing that even TRX, a literal shitcoin, managed to hit 0.20 ath.
Landon Sanders
There is a lot of relevant advisors and companies on board of Reserve, I hope Nevin has knee pads and you are not just a discord tranny fudding non sense anonymously on a vietnamese tapestry forum.
Noah Lee
comfy,
Jordan Fisher
As long as RSR stays below $1 a lot more RSR is being burned per arbitrage transaction. Demand for RSV will be extremely high in these hyper inflation areas. Watch the Davos video so you can get a small idea of some of the problems people encounter when there's hyper inflation.
We wont have exact formulas yet since we don't have all the details of users or transactions, but even if they only reach a few million dollars of arbitrage that's an insane amount of RSR that will be burned if it remains under $1.
Think of it this way, for ever 1 million of arbitrage while RSR is at .0055 (2x more than it is now) there will be ~5-7 million rsr burned.
1,000,000 x 200 (rsr) = 200,000,000 x .035 (%) = 7,000,000
I can tell you right now that there will be more than 1,000,000 in arb opportunities in a 1 year time-frame.
Ian Roberts
Gentleman
We gon make it
Nolan Kelly
>Demand for RSV will be extremely high in these hyper inflation areas.
imagine believing this
THE ABSOLUTE STATE OF COPE OH NO NO NO NO NO ONONONO LMFAO
Aaron Foster
nothing to "believe"