RSR bros report in... I'm worried with the new regulation announcement. Are we fucked?

Illegal? I have RSR in my coinbase wallet

It's a nothing burger, if passed it'll just fuck with the zucc.

>eastern europe
what? all countries that i know of in eastern europe have stable currencies, why would they care? it's not like they can't just hold USD either

acts of congress get proposed all the time. to become law this needs to go through committee, pass the House and Senate, and be signed into law by the President. no telling what changes will be made if it even makes it that far which is a BIG if. also no telling if this is bullish, bearish or neutral for RSV even in its current state.

final analysis: nothingburger at the moment

It's only fiat backed stablecoins RSV is asset backed.

How is that even possible when Coinbase does not list it?

>RSV illegal in the US now
>App still has less than 10k downloads and is buggy as hell
>App doesn't even use crypto
>Peter Thiel pulled out of the project
>Main dev was fired because Nevin is a retard and now main net release got pushed back even further

Attached: 2nyiwd.jpg (636x900, 47.92K)

>peter thiel pulls out
Proof?, I can't find shit.

Coinbase != coinbase wallet

you forgot
>100 billion supply

It's bait, not a single thing in that post is real

Yeah you should sell.

Eh if you read the white paper it actually makes sense to have that much supply as RSR gets burned to keep RSV as $1.

What's worse is the amount of supply that's held by the investors which all gets unlocked on main net launch. Even if you still believe that this project is actually getting finished please don't be a retard and sell before or directly after main net launch, the dumps will be brutal.

shut the fuck up with this stupid fud you moron. coinbase custody already accepts rsr deposits FROM US citizens. you must be a fucking moron.

>not a single thing in that post is real
lmao just ask Charlie on twitter whether he still works there

burn rates are also based on an estimated velocity percent of about 2-5% of the value of rsv. people keep confusing it by thinking it's 2-5% of rsr and it's not, it's 2-5% of rsv but converted into rsr so its 2-5% of a dollar. this is important because 2-5% of a dollars worth of rsv in rsr while rsr is under $1 means that you will have more rsr burned always until after rsr breaks above $1. the incentive for holders is that this will push rsr above $1 eventually until a balance is achieved. if the velocity is higher than the estimated 2-5% (which it very well could be) then we will see even more rsr burned even faster early on. the incentive will be to hold to at least $1 bare minimum after they launch mainnet. after $1 it's anyone's guess what will happen.

Assuming that shit even passes, this is why they hired guys from the SEC to help them with compliance. They have said that they don't think these kinds of regulations are going to affect them.

Do you take part in baseprotocol.org? What is your opinion about it?

Read about their cooperation with Uniswap. As I get they will build liquidity pools there and have already created Cascade services with passive income solutions.

fact. This talk is absolutely bullish for Reserve. The geniuses at Reserve can use nearly any asset to stabilize the price and they have the intellectual firepower to navigate these types of regulations. Regulations are inevitable and will take some of the competition out of the way.

PUBLIC FUCKING SERVICE ANNOUNCEMENT: IF YOU DUD OR FALL FOR FUD YOU ARE LITERALLY TOO FUCKING STUPID TO DESERVE TO HOLD THIS COIN. FUCKING SELL FAGGOTS. SELL IT. DO IT YOU FUCKING WEAK HANDED FAGGOTS DO IT FUD AND SELL BECAUSE I WANT TWO THINGS: A DISCOUNT ON MORE, AND FOR YOU TO INEVITABLY KILL YOURSELVES. IF YOU ARE LITERALLY TOO RETARDED TO READ THE WRITING ON THE WALL WITH THIS COIN THEN FUCKING SELL. RIGHT. NOW. YOU FUCKING. FAGGOT AND GET THE FUCK OUT OF MY FUCKING WAY

calm down rashid
everybody invests in the wrong coin from time to time, it's ok

>you’ll be penalized 33% tax
No law that states this. Stop FUDing and let other anons get a chance to make it.

holy shit bros.. i hope this regulation doesn’t take rsr down with it

Says the moron pushing unfounded, baseless FUD with zero proof. Keep doing it, sell faggot. Sell.

>Sell.
Oh I already did.
I won't hold a mere ERC-20 placeholder for much longer now that all competent people left the project.

>all competent people left the project
Who and when? State your sources.
You also FUDed that Thiel left, provide even an inkling of proof of that. You also said "durr it's illegal in US now" do you even understand how cryptocurrency works you fucking moron? That's not going to stop anything, RSR is MEANT to be decentralized and unable to be regulated. HOW ARE YOU TOO STUPID TO UNDERSTAND THATS THE POINT? Also, it was never meant to be used in the USA. All you can do is either A) make shit up that you have absolutely no proof for or B) make it totally clear that you don't have any idea how any of this works. When morons like you FUD, the only thing you're doing it outing yourself as a retard to everyone who actually understands what is happening. Good job on that you fucking cocksucker