RSR - Reserve Token /General/

>hmm Mr Freeman these charts appear to be in order

Attached: charts rsr.png (827x408, 648.06K)

There's been already a massive increase in the price of gold due to recent mass supply of dollars. I know from the whitepaper that the reserve team proposes to move off the US pegg, but then use it's ownership of collateral tokens to keep it's stability, but, once again, those tokens from collateral are all stablecoins, bounded to the dollar.

4.7 Moving Off the USD Peg
The Reserve Protocol is designed so that once the portfolio of tokenized assets held in
smart contracts is stable enough, the Reserve token can transition to representing a
fractional ownership of the collateral tokens. This option is in place so that if the US
dollar starts to depreciate, the Reserve can maintain a more stable value.

It couldn't be a dettachment if they're still bounded to assets such as stablecoins. The solution would be to diversify the collateral assets: real estate assets and gold, for instance.

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The whitepaper wrongly concludes about the need foreign currencies as it would solve the risk of the dollar's insolvency. It won't because the market is already with massive budget deficits, which will cause higher inflation, and prices of asset, like oil and other commodities, are all precified in dollar, affecting all countries.

Conclusion Foreign collateral is very likely necessary for bootstrapping a new stable
cryptocurrency. If the economic growth is weak, it results in rising unemployment that eventually reaches double-digits, as it's the current case. Also, it must be considered that the price of gold and real estate are very volatile. The stability of a currency indeed sounds like a myth.

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The only long-term safe policy would be investing as collateral in Treasury bonds from many countries with stability history and strong industry, such as Switzerland, Singapore, Germany, Austria, United Arab Emirates, United States, United Kingdom, Japan, China, etc. Even so, a global event such as a pandemic would affect all countries.

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would the underlying assets ever be redeemable by RSV?

When are we replacing the lira? So many shit currencies about to get the chop

whats the general timeline coming up? Regarding partnerships and project dev. Trying to get into RSR but its not clear how mature the project is.

Hello lurkers; this post contains signature hallmarks of GPT-3 generated text. This poster is likely using the newly-released philosopher AI to manufacture FUD.

Try it yourself: philosopherai.com - ask it a question that pertains to the Reserve Protocol, or any project for that matter and then ask it to explain why it is a good or bad idea. You may need to tweak your question and/or resubmit it for decent output.

The only asset that could actually become pegged to keep stability of RSV would have to be RSR, but only if arbitrage is set to keep RSR in a deflationary tendency. But this unables the arbitrage as the interest rates of it's operations would significantly decrease until it's down to a near-zero range.

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I only copy and paste part of what's written in whitepaper.

>Conclusion Foreign collateral is very likely necessary for bootstrapping a new stable
cryptocurrency.

reserve.org/whitepaper.pdf

It would have to be redeemable.

Whitepaper page 10:
One interesting approach that some stable cryptocurrencies take is to use a newly created, self-referential asset to back the new currency. What does self-referential mean?
It means that the value of the collateral token is determined by the success of the new
currency. For example, the collateral-token holders may receive a share of transaction
fees or a share of newly minted stable cryptocurrency coins during expansionary periods.
A benefit of this approach is that stability begets more stability—if the new stable
cryptocurrency is working and being adopted, that will likely drive up the value of the
collateral-token, thus increasing the available collateral for the stable cryptocurrency.
The problem is that in the same way, instability begets instability—if the new stable
cryptocurrency goes through periods of decreases in demand, this can cause expected
revenue for collateral-token holders to decline. As expected revenue falls, so does how
much people are willing to pay for collateral-tokens. This in turn makes holders of the
stable cryptocurrency less likely to believe they will be able to redeem their tokens for
an asset that is worth anything, leading to further decreases in demand for the stable
cryptocurrency.
Foreign collateral, on the other hand, involves leveraging an asset or basket that has
an independent market value. If a currency backed by gold loses demand for some
reason, that will have little to no effect on the market price of gold. This separation of
expectations between a pegged currency and its backing keeps their prices from affecting
each other, and prevents a sudden crash in their value.
Self-referential collateral appears to be viable only if the market consensus about the
future usage of a currency is extremely entrenched.
Conclusion Foreign collateral is very likely necessary for bootstrapping a new stable cryptocurrency

I like this project because it's made to help third world people who's fucked by the economic management of their governments. But it seems as if there are some variables that still need to be dealt somehow to keep a high trust between all agents involved and avoid any sharp instability of RSV currency.

Creating a stablecoin is already difficult, Reserve's novel approach is certainly something fresh that could work much better than previous iterations. Perhaps some user should ask them about this stuff the next time they do a Q&A.

Unless a listing is made soon this is going to dump and crab for half a year until it explodes upwards towards $0.10 or higher

medium.com/reserve-currency/treasury-funds-will-be-deployed-to-grow-reserves-presence-on-exchanges-c37723aba48b

this is not a problem, user...

If it's Binance or Coinbase you think it hits 0.10 before a retrace? Highly doubt it's Coinbase this soon though.

I'm not able to predict it's price. Considering that they intend to increse liquidity significantly in short term (9/11), it shouldn't get too high before it dumps. But it's crypto... things get weird sometimes.

Of course.

any chacne this coin dips? this is something id buy

Oh fuck that’s a good mash up, we’re gonna make it memorex reserve bros