Reserve your Rights (RSR)

All aboard lads. Coinbase and Binance listing incoming.

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why would anyone buy this premine shitcoin instead of buying AMPL Decentralized federal reserve

Can someone explain what Reserve is supposed to be used for?
Does anyone actually know?

This

Fuck off its on the list will like 9 other heavy hitters. Plus your shitcoin just got sued by new York attorney general

the token is not needed.
its just another one of Coinbases scams.
Nevin the CEO of reserve was arrested last week on pedophilia charges.
Hes going to prison.
the project is dead.

Don't you have to be a pedophile to be successful now?

Getting sued by the NYAG is incredibly bullish

I'm even more bullish after reading this FUD.
HAHAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHAHHAHAHAHAHAHAHAHAHA

no its not because binance and coinbase won't list something with a pending lawsuit since scams are on the rise

why does it always take like 30 seconds for scampleshills to occupy RSR threads?

NYAG has an incredibly poor track record of actually winning a case though, so when they dismiss the case vs Reserve it makes them look much better.

What the fuck is this fud? Now you’re just pulling random shit out of your asses. You had a year.

Its, unironically, not fud. Go on YouTube and search nyag cryptocurrency and watch the latest interview.

WHAT THE FUCK DOES RESERVE DO

Are you talking about Tether? The rest of us are talking about RSR

HAHAHAHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHHAHAHAHAHAHAHAHAHA

It’s sort of like the Maker token

I am finding literally nothing of the sort.

They don't know user. They just don't know. Even after missing out on bitcoin and chainlink, these geniuses still just don't get it. Sad. Many such cases.

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Its a stablecoin system. RSV is the stable coin RSR is the value prop. The way it goes it whenever rsv goes above or below 1usd. Tokens are bought back up, burned, and create arbitrage opportunities

That's a man

i wish this were true.

So it's pretty much the same as AMPL but a better way of doing it?

That also kind of means that it's only good as an investment if you buy early, am I right?

It’s way better because it’s backed. Currently RSV is just several of the best stable coins, but it will be tokenized assets eventually. RSR holders will have a say in what assets.

it's nothing like AMPL. AMPL doesn't have a stable coin. There is nothing like RSR right now.

But AMPL introduces supply or burns based on price/demand, right?
Isnt the ultimate goal of AMPL is to be a stablecoin?

pretty much. AMPL is an algorithmic stablecoin. RSV is uses asset-backing and arbitrage system to maintain stability which will be able to scale for large usage IRL. already, they have people on the ground using it. Its just getting started.

serious question user, what does this bring to the table that Maker/Dai or literally any other stablecoin system doesn't already do?

AMPL is not designed to be a stablecoin, it's designed to be a coin that can self-adjust its supply based on the demand for it. With sufficiently large supply this could mean stability, but the lack of a peg means it is susceptible to price swings, both positively and negatively.

long write-up on why Reserve will rape Maker/Dai:

medium.com/reserve-currency/our-analysis-of-the-makerdao-protocol-4a9872c1a824

Maker cant scale.

>Maker/Dai

Why the fuck are people even so attached to this.
As for "literally any other stablecoin system": everyone rightfully shits all over them for their insolvency, UNTIL a viable presents itself. Then they're suddenly like "B-but Tether is just fine, why do we need to replace it?"

it's collateralized assets like DMG, but more than shitty cars. many diverse asset pools

*viable alternative

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