RSR

Yes

it was shilled for over a year

>There's a RSV hard fork *tomorrow*.
>"will have a long time until there's any actual progress"
imagine being patient

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Shit man, compared to 99% of cryptos, Reserve's progress within the course of one year is exemplary.

So you basically bought some software that allows you to lock away your cash to see it gradually turn to dust?
I don't see why you would do that but I'm not judging.

RSR isn't going to become a stablecoin. RSV is. RSR will be leveraged against it through token burn or transferring between RSR/RSV to get RSV balanced around 1USD.
The more RSV is used, the more RSR is needed to balance it. This will lead to an arbitraging system where your RSR automatically gets bought/sold which will allow you to passively increase your RSV stack while maintaining your RSR stack.

If RSR is the sole asset needed to keep RSV at $1 what is the point of real world assets collateral? how is this suppossed to work?

The dev team believes in diversification. That's a good sign. If they were a scam bucket they'd claim their own token could provide all the stability RSV needs. In reality any token could potentially take a hit. Diversification will ensure the chance of it hitting RSV or RSR is smaller. It ensures stability no matter what happens.
Eventually, if the project is stable enough and RSR has enough liquidity alternative assets won't be necessary. But as of now it's still just a token with 10k wallets worth a few billion USD.

It isnt. The basket of assets is intended to grow significantly from the 3 stablecoins backing it currently. It confers the right to buy excess RSV in the system by means of arbitrage loops, lending extra stability in fringe cases as well in case assets crash. Hence RESERVE RIGHTS.

If it hits $1, yes. Well besides taxes of course.

You don’t need to do much. The CIA is doing the work for you

You mean million ?

proof !?

do they have any idea how they are going to maek transactions cheap and quick?
no?
goodbye

(the answer is no i already looked it up. its not even discussed even though its the most important aspect. they are currently relying on people to fucking relay transactions to the eth blockchain out of the goodness of their hearts. you too can volunteer to be charged for third world transactions! the actual transactors can give them a tip though. WTF IS THAT? do these relayers get shut down if illegal money flows through them?(yes probably) this shit is not at all thought out.)

FUD. This doesn’t even make sense

>he doesn't know

youre damn right it makes no fucking sense but its the current model

medium.com/reserve-currency/we-are-forking-rsv-to-enable-meta-transactions-7c711ac5b230
>Here’s how meta transactions work: like before, the only way someone can transfer RSV from an account is if they have a copy of the private key. This private key is used to sign a piece of data that authorizes the smart contract to perform a transfer on their behalf. The difference is that instead of submitting the signed data directly to the Ethereum blockchain, they pass the signed data to a relayer, who then submits it to the blockchain on their behalf, paying the gas necessary for the transaction. Relayed transactions are still fundamentally peer to peer, this simply provides RSV holders another option for getting their transactions to the blockchain. To cover the cost of the gas payment made on their behalf, users are able to ‘tip’ the relayer in RSV.

oh great here come a bunch of moron pumptards repeating one line memes rather than actually discussing anything

>imagine actually putting in research in shitcoins instead of just buying what is shilled the most

ngmi

RSR coin:
"can we have a bunch of money to go around buying up international assets as bigshot playboys while pretending the concept of collateral is a revolutionary development while ignoring the elephant in the room that we havent actually figured out scalable cheap and quick transactions with our shitcoin"

> Describing how any basic crypto works

Imagine not knowing who is behind this “shitcoin”. Come to think of it they probably want it that way