If you've heard of libra, RSV is a stablecoin that will initially peg off of USDC/other USD coins, and eventually move to a basket of assets (similar to how Libra wanted to be a basket of currencies)
RSR is the governance token. You can use it to arbitrage RSV. Right now you can buy RSV on Uniswap for $0.92 and get $1.00 of collateral from the Reserve vault. I'd do it right now if it weren't for gas fees.
RSR burns itself over time as more RSV is minted. Thiel, Coinbase and Paypal all have the network needed to launch this in poor countries where their money is no longer working. This has and will be the Libra successor.
what will happen to the price of RSR if it gets implemented into USA and the dollar collapses (which it will)?
Kayden Flores
RSR dumped 25% the last two days. Harder than most alts. Doesn't make me feel good
Sebastian Sullivan
That was genuinely my first concern and the reason I ignored this project a few months ago. Why would anyone want a stablecoin pegged to the USD if the USD will shit the bed in the next few years?
Read the phase 3 of this image, or read the whitepaper portion that talks about what will back RSV in the vault.
RSV is meant to outlive the US dollar, eventually a basket of commodities will back it (ex gold, wrapped BTC, deeds to assets, etc)
If the dollar collapses, you are going to have a lot more to worry about than the price of RSR. This is like worrying about old age user. Just enjoy life and buy rsr (which will make your life even more enjoyable later)
Levi Gutierrez
This is a two-token stablecoin system much like MakerDAO/ DAI tokens on ETH.
You hold RSR (today) as speculation but in the future you can arbitrage the RSV value vs the vault if it doesn't match. RSR used for this arbitrage is burned forever. As more RSV get minted for more market share/new countries/etc, more RSR will be burned as the peg continues to be held
Kevin Reed
Thank you. My understanding is a bit limited, so could you explain one more thing to me? It seems like this puts it in the realm of something like xdai, correct? Why do you prefer this long term over a similar token?
Noah Lopez
If you want to know why Thiel invested it, you should get yourself a palantir stone. Those things seem to know everything.
Two high level reasons, there's nothing wrong with xdai but its not exactly in the same space as RSV/RSR.
xdai targets $1 USD by design, I don't think they ever plan to move away from that. Not good if you don't think the USD will survive the debt apocolypse.
Secondly, xdai does not have the connections that thiel/altman do, relations to bildeberg, hands and ties to Coinbase and Paypal and the venture capital to start the bootstraping/onboarding process.
The connections/networks are primarily what make me bullish here. I don't doubt this team at all.
Adam Hill
Good enough for me. That is my sentiment as well. Thanks fren
Robert Gray
NEVER FUCKING SELLING
Xavier Nelson
time to buy more
Xavier Stewart
What do you reckon RSR will be worth by EOY / EONY?
Mason Green
0.05-0.10 personally. That'd be a 3-600m market cap. Barely larger than dogecoin mcap which is nearly dead and hasn't had a new client release in 6 years.
I would rather get real info than pajeet hype ups. Thiel and Altman are in this project. People are tired of high fees, no?
Christian Powell
lmao. imagine buying something based on whether or not the energy you perceive on Zig Forums is 'high or 'low'
Parker Gomez
I think RSR threads being low intensity is probably the only reason I don't think it's a scam. Pajeets would try a lot harder to convince you to buy their shitcoins.
So right now is time for the smart money to buy in then, while the price is bottoming. Gotcha.
Wyatt Fisher
Lots of high energy shitcoin of the day threads. Go join your street shitter friends in them.
Carter Taylor
I don't understand why people like to stay poor, I'm feeling comfy as fuck with my stack
>I think RSR threads being low intensity is probably the only reason I don't think it's a scam. Pajeets would try a lot harder to convince you to buy their shitcoins. >So right now is time for the smart money to buy in then, while the price is bottoming. Gotcha.
Unironically this. Nobody is going to beg you to buy RSR. Ever. This alone should at least intrigue you.
Hudson Phillips
Reserve isnt targeting crypto geeks. RSV aims t be a stable coin for IRL people who know nothing of crypto to use for savings and spending. People who live in countries with shitty / mismanaged currencies.
Evan Wilson
In summary- backed by Thiel and Altman, and unlike something such as xDai it will not be tied just to the dollar, but instead a basket. Governance token.
Joseph Perez
>Reserve isnt targeting crypto geeks. more more specifically RSV.
RSR is for us crypto geeks. but front-end users who use RSV won't need to know about it if they dont care which most people dont.
