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0xBarChorMee
748 posts

0xBarChorMee
@joshandcrypto
An aspiring crypto trader who needs to learn how to take profit. 🥲
Katılım Ağustos 2021
457 Takip Edilen61 Takipçiler

@TheMiamiApe Buy Bitcoin and ETH with all the money you can have
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@smeddysays What is 80m RSR in USD value? That’s the question!
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I spoke to the guy who is staking 80m $RSR on $eUSD, who's a confirmed non-team, non-seed investor holder.
He's currently making around $1,380 a week (~$71,000 a year) in return for governance and overcollateralization - is he the first Rangatoni to have "retiring" money from RSR staking?
His words: "I can't believe people aren't talking about this yet. I think they will soon enough."
If eUSD 10x's its market cap to $210m (or higher and higher), maybe that opportunity exists for 10m, 5m, 1m RSR holders down the line 🔥
Although (I hear you barking big dog) if $eUSD's m-cap increases that much...
➡️ won't the dollar value yields increase?
➡️ making more RSR holders stake?
➡️ diluting the APYs?
Absolutely - which means more of the circulating supply of RSR gets locked up.
eUSD can 10x (and beyond) in m-cap (which would still be a relatively small $210m stablecoin), but if staked RSR goes up 10x, that means 40bn, or 80% of circulating supply, gets locked up 👀
Remember that RSR is a fixed total supply, and the $$$s of real-world yield from the underlying assets of an RToken are purchased in RSR from the market.
Also keep in mind we're only talking about eUSD here (itself about to be rolled out as a zero-cost remittance solution between the Americas) - who knows how hard all the other RTokens / future RTokens will fight to attract RSR stakers?
100bn stops sounding like a large supply if you get 20 asset-backed currencies chasing 5bn RSR each, and stakers wanting to divide their bags across various RTokens.
Back to the present: For now there are two RTokens with over $20m m-cap.
And one Rangatoni having passive income from supporting a better class of #stablecoin.
For those who don't know @reserveprotocol, check out reserve.org, to find out why these are truly a better class of stablecoins, and not just big words.
It's working 🎉

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@kararesurrect New found follower of your content! May I join?
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FTX aside, avoid businesses/exchanges/projects that:
- are not profitable (musical chairs)
- survive by selling their own tokens
- give high incentives for locking your tokens
- have a large total supply, but only a small circulation supply
- involves loans
Stay #SAFU 🙏
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@BTCMum Your message has inspired me! I’ve lost so much gains that could have been so beneficial for my family. Now I am in the red and watching every dollar I spend. I am so furious and disgusted. Been through 2 bull cycles and still don’t know how to take profit!! 😢😢😢
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