Yes
RSR
Carter Martin
Connor Jenkins
it was shilled for over a year
Grayson Stewart
>There's a RSV hard fork *tomorrow*.
>"will have a long time until there's any actual progress"
imagine being patient
Matthew Foster
Shit man, compared to 99% of cryptos, Reserve's progress within the course of one year is exemplary.
Grayson Sanchez
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.
Tyler Sullivan
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?
Dylan Hall
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.
Bentley Hernandez
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.
Eli Perry
If it hits $1, yes. Well besides taxes of course.
Alexander Murphy
You don’t need to do much. The CIA is doing the work for you