/biz/ - Business & Finance

>>21839498
1 dollar when?

>>21839540
Middle of 2022

>>21839498

>>21839498
Half life memes are the most low IQ FUD thought of so far, change my mind

>>21840313
>t. SSBBW'er

>>21839498
I have a question for reservebros. I was wondering, and this applies to any other stablecoin, how is it that stablecoins are in fact stable, considering that they're attached to the value of the dollar. Considering that there's a significant devaluation of the dollar due to mass money supply added to a policy turned to increase inflation rate to heat up the American economy faster how could this affect the sense of stability of stablecoin in relation to the opportunity cost of investing in gold, for example.

>>21840642

>>21840357
Great Scott! Nevin Freeman! I expected more warning.

>hmm Mr Freeman these charts appear to be in order

>>21840458
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.

>>21840837
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.

>>21841193
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.

>>21841436
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.

>>21841193
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.

>>21841436
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.

>>21841679
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.

https://reserve.org/whitepaper.pdf

>>21841531
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.

>>21842236
Creating a stablecoin is already difficult, Reserve's novel approach is certainly something fresh that could work much better than previous iterations. Perhaps some anon 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

>>21842367
https://medium.com/reserve-currency/treasury-funds-will-be-deployed-to-grow-reserves-presence-on-exchanges-c37723aba48b

this is not a problem, anon...

>>21842524

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

>>21842563
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.

>>21841531
Of course.

any chacne this coin dips? this is something id buy

>>21840766
Oh fuck that’s a good mash up, we’re gonna make it memorex reserve bros

Waiting for $5k to clear coinbase. Then buying $1k LGCY, $1k BRDG, and $3k RSR. Or should I just put it all in RSR

>>21844512
All in or nothing

>>21844595
I do already have a 1m stack. Wish I bought more when it was under a cent. Hurts now knowing $5k only gets me ~250k RSR

>>21844649
get to 2 million and call it quits my RSR chad

>>21844512
100k poorfag here, waiting for a small dip, you think we will see 0.10 EOY?

>>21844992
10 cents it's only the beginning

>>21844992
I absolutely believe $.10 will be achieved. Not sure about a dollar though. At least not anytime soon

>>21845055
Cant wait

The memes have not been opulent enough.
Also, I feel like we need a code word for this coin when we make threads about it. How about ‘/ourcoin/‘?

>>21845530
Nice

>>21845549
Would be nice to see this all ticked off.

>>21845611
Hopefully fren. In all seriousness, I think 1$ is def achievable, idk about 2-3$

>>21845549
What’s the fabled source of this image? I’ve seen it a few times?
Did someone working on the project tweet it or something?

>>21845685
>I think 1$ is def achievable, idk about 2-3$

Just look at the view counts of Thiel alone (Altman and Ycombinator are popular too), everything else being equal, if a fraction of their followers find out about the coin you I could see RSR rocketing to the top ten easy.

Hey idiots this shit will be going below .01c this week. Total vapourware. Useless concept, fake team. Good luck

>>21845698
Idk i found it here desu

>>21845866
>fake team.

Your FUD reached time far out on a limb here.

>>21845866
Nice FUD faggot

I was holding this shit for 3 weeks and yesterday swaped it for steel to actually make some money

Peter Thiel is not on the team.

>>21841679
nah, that bot is censored and therefore not of value.

>>21845985
no but he's an investor in the project

>>21845985
Hes an investor, hes literally listed on their website you fucking nigger shitskin

>>21846208
I can make a website with his face and name on it too kek

>>21846440
Yeah go ahead, the difference is that yours will be taken down within days because its fake KEK. Nice FUD nigger

>>21846554
not if my website is so trivial that Peter Thiel has never heard of it and doesn't give a shi--OH WAIT HAHAHAHAHAHAHAHA

>>21846440
Do it. Get your ass ready for the cease and desist

>>21846565
Youre such a fag hahaha

>>21845954
No. The team is fake. AND gay. The backers, however, are not. This fact alone lends credence to the idea being memed that its a cia false front to manipulate 3rd world economies. Which is a good thing. There's no way this faggot ass dev team came up with this awesome idea on their own.

WHAT WAS THAT?

What is going on

>>21847116
chinance

>>21847116
DUUUUUUUUUDEE wtfffff 23M$ volume on the 15 min chart ahaha

>>21846010
You're not asking it the right questions.

we're gonna make it!

>>21846729
It almost certainly would make the most sense for the team to be a bunch of San Francisco yuppies who genuinely believe they are helping. The backers know what is really going on of course, but for this to work the humanitarian angle has to be convincing. Nevin might be let in on what is really happening at some point but even then I doubt they will let him see the bigger picture.

>>21847174
Looks that way.

>>21847116
Binance fuck me
$8k locked in Coinbase purgatory waiting to stack more
Augh!!!

>>21842367
>he doesnt know
https://www.binance.com/en/support/articles/9abb254e9fb2407fa05ec250e18e7cbe

BINANCE JUST LISTED RSR

THIS IS IT BOYS

$2 EOY.

>>21839498
Newfag detected.
Reverse the order and then put ssbbws on top.

Pretty dissapointing pump. I guess it will light up in the morning?

>>21847512
Yeah, wait for people to wake up and trading to start.

>>21839498
APOLOGIZE NOW, NIGGERS!

>>21847101

BINANCE ACHIEVED, WE'RE ON OUR WAY BABY

>>21846440
>>21846565
Imagine being so stupid you think you can get away with lying about Peter Thiel being an investor if he isn't. Holy fuck you're retarded.

>>21847596
>basedface/gayface
Oh no.

25cents end of month is fud

I didn't know anything about crypto before June this year. In the last couple months I got into
DXD
RSR
PRQ
PNK
XCM
SKm

I have a feeling I'm going to make it.

>>21847645
Especially considering how lawsuit happy Thiel in particular is about anything he thinks hurts his reputation. He straight up bankrupted/destroyed a company for outing him.

>>21847660
>> tfw $1 EOY is actually going to happen

>>21847914
Nice

>>21847914