Red pill me on Reserve

pajeet shitcoin

not interested

10 cents eoy

solid answer

based and RSRpilled

This is not true

from least convincing to most convincing

>decentralized stable coin, like makerdao, which is currently rank 27. RSR is rank 98.

>RSV is around rank 750. If RSV rank increases, RSR circ supply shrinks to suppress RSV price, increasing the RSR price without increasing its mcap. you get the growth potential of a 750 rank coin with the liquidity and exposure of a top 100 coin.

>already have a working protocol with an android app, and the app has at least 5000 installs in venezeula alone (rollout test market)

>backed by peter thiel and coinbase, once they move into american markets RSR and RSV will both be listed on coinbase with USD pairings, no doubt about it.

>peter thiel compared his feelings about reserve to his feelings about paypal early on

>theyre taking US securities law seriously

>a smart contract/ERC20 token that will eventually have less volatility than DAI, but unlike USDT can be used on decentralized ERC20 exchanges

>RSV is actually collateralized by pegs, allowing it to have the best of both worlds in terms of reliability as a peg. It lacks the full counterparty risk of USDT, and lacks the full volatility risk of DAI because 1 RSV actually corresponds to 1 unit of a basket of collateral. USDT and DAI are both used as collateral, meaning that if USDT collapses it will hurt RSV, but not obliterate it, and when DAI has volatility it will show significantly less in RSV than in DAI. Because the protocol rebalances its collateral when a collateralized peg decouples from its basis, volatility in one peg is only a momentary disturbance in RSV, which may cause a temporary dip in RSR value

>the plan is to incorporate not just USD pegs, but other currency pegs as well as commodity pegs. This will allow RSV to be used as a hedge/parking/money without significant exposure to inflation. Imagine an investment insturment that allows you to peg your capital, not to the USD or to gold or what not, but to the price of actual _things_ in aggregate

Buy RSR for insane yearly gains

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And to add to this (because I ran out of space), some potential reasonable downsides:

>no mainnet launch date set

>the current protocol, though functional, is not decentralized. full decentralization is planned for mainnet

>the current protocol is fully collateralized by USD pegs, which means that it still presents exposure to USD inflation. Granted, this is probably necessary early on given the psychological impact that dollar parity has

>mainnet will need to rely on a robust oracle network to provide price feed data for the underlying assets its collateralized pegs are based off of so that it can adjust its collateral as needed without centralization. Of course, chainlink solves that problem.

>if usage/marketcap of RSV goes down, or if collateral decouples downward from its underlying asset the circ supply of RSR will increase to compensate, increasing the marketcap/decreasing the price

Projections: 56,68 United States Dollars

Good posts

To add to that.. Reserve will go on to de-peg from the Dollar completely, because the dollar itself is prone to inflation.. (printer go brrrrrrr) This fact doesn't put it head and shoulders above every other stable coin on the market.. but, in theory, every functioning currency used in the entire world.

I could write a really go deep into this project, ranging from truths, 99% certain predictions and logical conspiracy theories. But i know that if i had sub 1M i would hate someone like me doing that right about now, considering we have had a bit of a dip (not for long).. but i will in due time

Just know that i live in one of the top 5 GDP countires in the World and if i had the chance to put my wages into RSV opposed to keeping it in the bank as a deprecating fiat i would

Now imagine what starving Venezuelans that are literally burning their fiat notes for fire will do once this billionaire backed start up begin marketing in over drive... Then in Argentina, Lebanon, Angola etc. How soon will that be? Who knows the precise date .. but i suggest you find their Twitter and you'll get a rough idea

shitcoin that can't even rally in a defi bubble. No one even wants their 'stablecoin' RSV which has a pathetic marketcap of $1million, literally a joke of a project

thank you anons, I will invest then.

It's a perfect assymetric bet. If this succeeds, RSV could be the primary currency in multiple states where fiat collapsed. RSR has the highest possible upside of the whole crypto market. It's worth the bet.

Combine that with the work of the team (actual boots on the ground), token model and investors/backing. It's a good bet at that.

I dont want to use fucking huobi, where can I buy this wacky token

Kyber, Uniswap. Do you crypto?

If you're new one tip: Don't fucking sell for a long time. Like I said, it's a bet. Stick with it.

Other than Huobi i have used Idex, but you will need Eth to trade for it

buy the dip, retards

'boots on the ground'? wtf? this is fucking crypto you idiot not the fucking army. A bunch of poverty stricken Venezuelans aren't gonna do shit. You need super nigh net worth buying RSV not a bunch of pajeets. This is why this project will fail because it's more of a NGO then a business

Nice fud, good luck accumulating.

Since I've already secured my future riches I'll debunk you anyway.

The team has ben working feverishly in the places where local currency is failing, and discovering what the needs of those people are and translating that into the product. For example, remittances between Latin American countries or US and LA is often a real headache because of financial friction/fees or sanctions(Venezuela). This is a multi billion dollar business ripe for disruption. Read up on it fag. Reserve offers less fees, less friction and censorship resistance for people who really need it and so will use it. This is not a bunch of pajeets, these are millions of potential everyday users.

And yeah they have a philantrophy background. But this makes them that more dedicated to the succes of the project.

Any other issues?

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Transferring money between Latin America and US/Europe is not a problem. TransferWise/Xoom/Paypal etc all do that, infact i've used TransferWise and the fees are negligible. The only use case is in basketcase countries where there's government sanctions etc.. for the protocol to work you need the RSV MC to be in the multibillions. It's an NGO, face it

Go read the fucking white paper or some interviews with Nevin faggot. It is a problem and there is friction.

The protocol works right now and is live in multiple countries. Snowball effect waiting to happen.

But yeah I understand your reason to fud it. Honestly, good luck.

you better pray that they pivot and somehow position RSV into the DEFI ecosystem or your RSR will be worthless

It's a problem, my roommates are both Venezuelan and we're in another LATAM country. I was talking to them about this specific problem yesterday and my dad works at nintendo

I have read the whitepaper, brainlet, and i have thoroughly researched the project. Nevin is a clever guy, but he's running an NGO.

reserve.org/blog/why-stablecoins-part-2-sending-money-home

Multiple reasons listed. Oh and this is obly one usecase.

"Approaching $700 billion in cross-border flows, according to World Bank data, the global remittance market presents an immediate use-case for stablecoin adoption."

Ka-ching

The more you fud the more I will drop RSR-pills faggot.