sure i've risked $40k to make millions but i know im not wrong.
what is your exposure to this Zig Forums and how much do u expect to make from it?
Sure i've risked $40k to make millions but i know im not wrong
Jace Brown
Luke Howard
Got a two million stack myself. I expect a lot from this project, but I'm not sure if it will a mega pump.
Still, I hope it will rape fiats and tether as much as possible. A widely used and available stable coin would be such a great thing, already got a product idea or two in case this thing will actually work and take off.
Josiah Jenkins
I've been selling off at a slight profit for better looking projects. They keep saying they could launch mainnet now if they wanted to, but they need to wait for adoption, but they are doing nothing to even make it legally tradeable in the US, and it's not on any legit exchanges. I'm not sure these kids can create the "new world reserve currency"
Caleb Brown
That’s my concern also. I used to have 1.5mil, sold a mil at that nice pump at 5 cents for other things. Kept 500k just incase
Juan Young
Guys look at daps token/coin i thibk this will be outperform all privacy coins. Soon it will be coming to HITbtc so it pump for sure
Owen Baker
fuck off and kys.. thx
Nathaniel Russell
here's the truth about RSR:
RSR has VERY LITTLE utility in the Reserve ecosystem besides DILUTING THE SUPPLY. The team has created a false narrative that you can make a lot of revenue through RSR/RSV arbitrage, which would create demand for RSR in the long run. But is it true? Lets dive in.
1) An excess pool of RSV has to exist in order for RSR holders to be able to arbitrage with RSR. How is this pool of excess RSV created? A) when the collateral for RSV appreciates in usd value ABOVE the collateral target B) from tx fees collected for RSV transactions (velocity). That means you as a RSR holder CAN’T arbitrage until the vault is optimized to produce revenue/gain value against usd and/or a significant amount of RSV is being transacted with, which both are expected to occur YEARS from now.
2) RSV has to trade above $1 in LARGE volumes for the arbitrage process to be in any way profitable, which is very unlikely to happen – if RSV does trade above $1 peg, it will be in small amount of buy orders (explained in next pg). Not to mention that the Reserve foundation will ALWAYS have a first actor advantage, depleting the pool of excess RSV tokens BEFORE any of the regular holders will have a chance to participate
3) Even if the protocol has accumulated a deep pool of excess RSV through collateral appreciation and tx fees, arbitrage with RSR would still ONLY be profitable if RSV trades above $1 and ONLY for the quantity of RSV that is being bought above $1. Why would anyone buy RSV above $1? Rational/educated market participants who move large quantities of capital WONT, because if they wanted to buy/use RSV they could instead just mint it for $1 worth of collateral tokens instead of buying from the market for a PREMIUM price. Thus, one would project that the quantity of RSV trading above the peg is minimal, resulting in a very low level of utilization for the potential excess pool of RSV, which means close to NO ARBITRAGE REVENUE FOR RSR HOLDERS.
Jace Watson
>continued...
Where does RSR then play a role? When the vault portfolio depreciates in value, the protocol will mint AS MANY RSR NECESSARY in usd value to INSTANTLY SELL on EXCHANGES for the deficient amount of collateral assets to get back to the target collateralization ratio. When new RSR gets minted, the circulating supply of RSR will be inflated, inherently lowering the value of previously existing tokens. Not only because there are now a huge amount of new tokens in the circulation, but also because the newly minted RSR were market sold as per the smart contract associated with the RSR/RSV arbitrage mechanism.
Example: if we have 100m RSV in circulation and the underlying collateral depreciates 5%, the protocol would need to mint and SELL $5 MILLION WORTH OF RSR tokens (in reality there would never even be enough buy orders on exchanges for that amount). When the current RSR market cap is only $16 million, vault deprecation would have a DRASTIC NEGATIVE IMPACT on the market price of RSR, making it EXTREMELY RISKY and unattractive to hold.
Oliver Watson
this is copypasta, but I agree the "arbitrage" is a meme. RSV will never even get the level of acceptance DAI or PAX have and RSR itsself is basically just a premined ICO shitcoin
Cameron Collins
Early bitcoin miner from 2009 here. I'm going to use some of my 10000 BTC to buy RSR on Huobi very soon. You have been warned /biz
from a previous rsr thread. is it real?
If i was a whale i would unironically dorp a huge amount for RSR. It's absolutely the best R/R on the market.