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18087067 No.18087067 [Reply] [Original]

RSV is the Retenmark of crypto and it's a one of a kind project backed by people with a lot of government connections. Peter Thiel is a personal friend of Donald Trump. Coinbase is now working directly with Fed (they own equity in reserve). They have a former SEC commissioner on their advisory team. The protocol is already moving towards the next phase of their app after finishing a successful beta test in an actual hyperinflationary environment. The final protocol still needs to be tested on-chain which is what they are focusing on now. Coinbase has an actual stake on the success of Reserve. RSV is the only crypto actually based on a basket of largely non-USD physical and stable assets. It is designed to hedge against what's to come, and what is already happening.

>> No.18087075

Mark Carney (Bank of England governor) was also attending this year's annual Bilderberg meeting

https://www.bilderbergmeetings.org/press/press-release/participants

and he has interesting thoughts regarding the adoption of stablecoins...

https://www.theguardian.com/business/2019/aug/23/mark-carney-dollar-dominant-replaced-digital-currency

“The most high-profile of these has been Libra, a new payments infrastructure based on an international stablecoin fully backed by reserve assets in a basket of currencies including the US dollar, the euro and sterling. It could be exchanged between users on messaging platforms and with participating retailers.

“There are a host of fundamental issues that Libra must address, ranging from privacy to operational resilience. In addition, depending on its design, it could have substantial implications for both monetary and financial stability.”

He is saying he wants a decentralized Libra which is exactly what Reserve is doing. So we have two Bilderberg participants and a former SEC Commissioner backing Reserve or Reserve's idea, wtf are you waiting?

>> No.18087088

DELET

>> No.18087111
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18087111

The same way the Rentenmark saved Germany from hyperinflation.

>The Rentenmark was a currency backed by mortgaged land and industrial goods worth 3.2 billion Rentenmark. The Rentenmark was pegged to the U.S. Dollar at a rate of 1 Dollar: 4.20 RM. At the end of the First World War, the Deutschmark was valued at 4.63 to the U.S. $.

At the moment people in hyperinflation areas like Venezuela are desperate to exchange their fiat for anything that can store value. They are lacking on-ramps to crypto and still dealing with a banking system that's outdated and not suited to meet this kind of demand. With RSV their families outside of the country will be able to purchase RSV and send it directly to their wallet instantly. RSV will be backed by a basket of assets and pegged to the Dollar similar to the way the Rentenmark was. This will add stability as they expand their basket of assets and slowly come off the Dollar Peg by 2021.

You may be asking yourself. Why should I care? How do I profit from this?

Well, RSV is going to be paired with RSR and RSR is going to be treated like a "share" of the company Reserve. If you buy RSR it's like you own a small percentage of the company and you will be able to vote in future governance that they plan on adding when the Reserve Protocol is completed. You will also have access to a smart contract that allows for arbitraging RSV using your RSR. For example, if you own 1 million RSR and the price of each RSR reaches $1 and you decide to arbitrage RSV with it you will get between 2-5% returns as the same percentage of RSR is then burned by the Protocol. That's $200-300k that you profit while keeping your $1M worth of RSR as RSV. You can then cash it out into fiat, keep it as RSV or re-buy more RSR or other crypto with it. As RSV is adopted and more is created this process will continue to burn RSR at a rate of 2-5% per year which can increase scarcity by reducing the supply and further increase the value of each RSR.

>> No.18087159

>>18087075
Do you see nothing wrong with enabling and shilling this illuminati coin?

>> No.18087200
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18087200

>>18087159
>Peter Thiel is only known to have invested in 3 cryptos: ETH, EOS, and now RSR/RSV - his investment patterns are overwhelmingly correct.
>Former SEC Commissioner (& Adviser to Pres. Trump) Paul Atkins named as an advisor to Reserve.
>RSR burnrate confirmed at 2-5% annually in USD value of the total supply by Reserve devs.
>Huobi is building a DeFi that will support RSV

>> No.18087429
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18087429

>>18087067
>>18087075
>>18087111
>>18087200

based and RSRpilled

>> No.18087579
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18087579

>>18087429

>> No.18087805

>>18087067
why can't I just use PayPal to transfer an amount of cash to family stuck in commie hellhole? why do I need some crypto coin? not a troll, im truly confused

>> No.18088161

why the fuck would you buy a stablecoin

>> No.18088205

>>18087805
Bevause paypal sucks government cock and wont allow you to send money to people or countries that make murica sad. Or if paypal thinks you are not a moral person (porn etc.)

>> No.18088927
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18088927

>> No.18088954

>>18088161
I know right like its just gonna be one dollar LOL

>> No.18089227

why not just use DAI?

>> No.18089398

>>18089227
because it can't scale. also, you will get liquidated whenever ETH dips too fast GL and HF with that lol