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2021-01-20 04:23 26256790 Anonymous (04E8B957-9753-4065-8D57-E2F55595813D.png 600x600 5kB)
Let’s say I’m a starving Venezuelan. Why would I buy this and not just get USDC instead?

6 min later 26257029 Anonymous
>>26256790 Because you don't have access to usdc, and if you did you wouldn't be able to spend it. You'd know this if you were actually a starving venezuelan

7 min later 26257073 Anonymous (5cd4ead690d2de5d99a7d5d7_RSV-stamp-black.png 300x300 2kB)
>>26256790 Also you'd buy pic related. Not rsr

7 min later 26257095 Anonymous
imagine using a coin pegged to an inflating currency

7 min later 26257108 Anonymous
>>26256790 I bought this. Did I get scammed?

9 min later 26257180 Anonymous
They buy RSV so what drives the price of RSR? It's legit token not needed. It's there but doesn't need to be.

11 min later 26257248 Anonymous
>>26257180 >spoonfeed me

11 min later 26257254 Anonymous
>>26257029 >Because you don't have access to usd wat? I'm from Venezuela and just use binance

11 min later 26257266 Anonymous
>>26257029 Please explain. If you have an internet connection you should definitely have access to usdc or any other stablecoin for that matter. But Reserve is trying to streamline the process and be more normie friendly is suppose.

12 min later 26257285 Anonymous
>>26257180 read the whitepaper brainlet

13 min later 26257312 Anonymous
Tokens unlocked beginning of Feb, just go look what happened last time that happened lol, price went down like a lot...if you're a hodler dont look at the charts but this shit is going to ~0.025

15 min later 26257401 Anonymous
>>26256790 Also RSR is orders of magnitude overvalued compared to how many RSV actually exist at the moment (1,573,787 according to Coingecko). Seems like not many people are actually using RSV. It's just us, rich westerners, speculating on the RSR token.

17 min later 26257475 Ostap (m61.png 2096x1570 1672kB)
Ihave found a new defi BAEX(#baex), does anyone know about it? That's a binary exchange with USD/YEN, crypto and many other stock indexes. Seems legit and reliable with Yahoo quotes source and algorithmic efficiency

17 min later 26257490 Anonymous
>>26257401 What I heard from friends is that the App doesn't use RSV at the moment. So where do the RSV come from?

18 min later 26257528 Anonymous
>>26257254 is it true you bean niggers use dash for everything?

18 min later 26257529 Anonymous
>>26257095 Is RSV not pegged to $1 usd? If not then what is backing it?

19 min later 26257572 Anonymous
>>26256790 Because you are a starving Venezuelan and so likley very retarded and would buy a shitcoin like rsr

20 min later 26257602 Anonymous
>>26257528 It's relatively popular in crypto terms but normies don't really use it.

21 min later 26257646 Anonymous
>>26257285 >>26257248 There's other stable coins that don't require a second coin. But this is a magic system that 100% needs a second coin, which benefits no one but investors. But but it's a regulator, eat shit it's been done before whole project is fucked and makes no sense. I'm also sure the government is just going to let a foreign currancy take over.

22 min later 26257681 Anonymous
>>26256790 Exactly. Why would you want RSV, a usd stablecoin backed 1/3 by USDC, 1/3 by TUSD and 1/3 by PAX when USDC is clearly the most legit and liquid one and also the one that will likely come out on top? There's zero reason to go with RSV instead of USDC..

22 min later 26257685 Anonymous
>>26256790 Im from Venezuela and there are better ways of getting bolivares, apps like airtm take less time, less fees and much faster. that being said, I wouldn't even consider ether or bitcoin, cash (US dollars) is and always will be king. fuck this shitty app.

22 min later 26257686 Anonymous
>>26257646 >just going to let a foreign currancy take over nothing they can do kek

23 min later 26257711 Anonymous
>>26257646 This is a classic Silicon Valley sophisticated scam lol, if you bought <0.01 good for you but if not, you sadly missed the boat. >Imagine thinking a decentralized asset "for the people" will take over the financial system, espcially in corrupt countries TopFuckingKek

23 min later 26257731 Anonymous
>>26257646 >currancy brainlet detected >>26257685 >Im from Venezuela larper detected

24 min later 26257766 Anonymous
>>26257529 it is initially, but that's not the long term plan, it's designed to be more stable than that

25 min later 26257800 Anonymous
>>26257731 shut the fuck up, you spic piece of shit shiller, go back to telegram.

26 min later 26257805 Anonymous
>>26257602 what do normies use? USD? new currency? i was under the impression the bolivar had hyperinflated out of existence.

29 min later 26257958 Anonymous
>>26257805 everything here is related to USD, everything, even small coffees are tied to USD since its way more stable than bolivares, bolivares are still accepted, and I think people usually use Zelle or cash. There are also people who exchange it to bolivares.

30 min later 26257974 Anonymous
>>26257686 You're right, there's probably nothing the corrupt regimes can do to stop it as long the citizens have unrestricted access to the internet. But they also can't do shit against other stablecoins, not just RSV. The question is why would RSV capture the market if USDC (and other stables) also exists? From what I can tell Reserve is just a glorified mobile app for storing and transacting with the RSV stablecoin (glorified crypto wallet if you will).

32 min later 26258065 Anonymous
>>26257711 >espcially in corrupt countries these failed countries are the least able to control their population's currency. Half of them use US dollars.

33 min later 26258119 Anonymous
>>26257974 They will have an incentive model similar to paypal to gain traction in these countries

34 min later 26258137 Anonymous
>>26257974 I have tested it, and it's not even using a blockchain, its just a glorified exchange app, its literally just a chat app made in React that just communicate with someone who works for some reason in Venezuela, you can also test it using a VPN and a brand new account on playstore and just download the app. Initially I was interested in this coin but saw all the bullshit behind the scenes.

35 min later 26258182 Anonymous
>>26257974 >>26257646 >>26257180 >>26257095 imagine having full faith in the US gov that they won't fuck with 1:1 stablecoins because they don't follow ever increasing crypto banking rules. Just don't buy, stay poor and shut the fuck up

36 min later 26258225 Anonymous
>>26258065 We'll see but I disagree. Most RSR investor have this idealistic view of the third world lol. People in those countries want the easiest, cheapest and most reliable product, they dont care that "Peter Thiel is an investor". So far Reserve is behind their competitors, I wont spoonfeed but DYOR and you'll see whos really using it in Vzla. People dont even know what Venture Capital is and spew bs like "muhh Thiel and Sam Altman invested so its legit". VC's invest in 100-200 projects with the hope that 1-2 is a unicorn and recoup the losses for the 99% others...Thiel might not even know wtf Reserve does lmao

36 min later 26258245 Anonymous
>>26258137 pre mainnet faggot

36 min later 26258255 Anonymous
>>26258182 lmao imagine being this desperate

36 min later 26258257 Anonymous
>>26258182 Imagine caring about the US govt.

37 min later 26258294 Anonymous
>>26258255 seethe broke bitch. I'm up 2800% on this project. Get fucked

37 min later 26258316 Anonymous
>>26258119 I know about that but still. Just look at the recent rise of USDC. USDC could corner the whole market that Reserve is trying ta capture in one day as a side project. Coinbase is already giving away free crypto for answering some normie questions about crypto. What is stopping them from giving 5 USDC to every venezuelan citizen to bootstrap adoption USDC?

38 min later 26258339 Anonymous
>>26258257 >completely missed the point lurk more brainlet

38 min later 26258351 Anonymous
>>26258294 Yes sir you did the needful

41 min later 26258451 Anonymous
>>26258339 So what can the US govt do?

42 min later 26258470 Anonymous
>>26258182 I don't have any faith in the US gov at this point but RSV literally falls in the same category as any other usd stablecoin right now. You're deluding yourself for thinking that RSV is somehow different.

44 min later 26258570 Anonymous
>>26258316 People who use apps like this, dont care about blockchain dont care about Investors, dont care how fancy is your app, all they care is changing their USD to Bolivares, asap, with small fees and that is reliable.

44 min later 26258597 Anonymous
>>26257108 ANSWER MY QUESTION PLEASE DID I GET SCAMMED

46 min later 26258663 Anonymous
>>26258451 >>26258470 read the STABLE act then think about it

47 min later 26258698 Anonymous
It isn't just for Venezuelans... RSV will be a solid stablecoin (more reliable than Tether). The app is just a side project to test real world use cases--something no other cryptos seem to be interested in trying.

48 min later 26258735 Anonymous
>>26258470 basket of assets stablecoins different from 1:1 pairings. the delusion is yours sir

50 min later 26258844 Anonymous (1607451304957.jpg 385x385 27kB)
>>26257180 >what drives the price of RSR? I know this is just a troll, but it's an effective one. I read this and all of a sudden I want to see you get raped by a pack of feral niggers.

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