Absolute best breakdown of decentralized stablecoins I've ever read. Reserve looks fucking amazing. Credit to Maker/DAI. It's got a lot going for it but reserve has it best scaling to large circulation.
RSR is going to be one of the biggest FOMOs we've ever seen.
hackernoon.com
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RSR gang how you holding up?
Warning this is a solid 30 minute read.
Fine as usual pal, demanding my rights.
MY RESERVE RIGHTS
Imagine buying this faggot shitcoin and not buying QDAO the Chad governance token
There is an old saying that goes....."If you love money, get RSR"
With RSV and the app launching soon this will be an absolute boom..
kek
>we will exit scam u :)
Imagine reading that FAQ and still thinking it’s such a great investment
Lol
Why are you Discord shills still even bothering? Only a BTC dump and 3 month market recovery will make this moon. You're about to lose 50% of your money.
Buy UND if you really like gains.
>honesty is bad
it's only bearish if they say something like
>MOON MISSION 100% BUY BUY BUY etc
Reserve is a clone of makerdao with small differences.
Makerdao would achieve arbitrage capability too if the collateral ratio was set eg. at 105%
>Reserve’s founders also argue that their decision to use tokenized stocks, bonds, and real-estate as collateral
This is the plan of makerdao too, but such things don't really exist at the moment.
>as they progressively decentralize
And this is the major "small" difference. They know their multi-collateral backing is unworkable in a decentralized way now, so they created yet another centralized stablecoin with a promise to maybe decentralized it some day.
Reserve has next to zero chance of success, because in its centralized phase it's competing with usdc and usdt, and in its decentralized phase it's going to compete with dai that's also going to have multiple collateral types, as they are going to exist on ethereum at that time.
They just dont know user.
There is really no point of shilling or promoting this token. Its all about use case which has nothing to do with us RSR holders
If venezuela and angola adopt RSV succesfully and they start to move to other countries we will be so insanely rich it will not be funny. Then the fomo crowd will cone but it still will not effect RSR price. Again... let them miss this. Most of biz seems to really hate this coin so fuck em
How can there not be 100% thought consensus between all members, or publish there is not? Are they humans or what? Are they even being honest? WTF SCAM ALERT
None of you other trannies is giving me a link.
I'm holding 4MM I need a discord link.
we hate this coin because rsr is not necessary. Sure hold it and think you will play arbitrage, lol. Even the team has said on their website they arent even sure it will work. Sorry anons the app will be delayed, and price will dump more. You have been warned.
>Reserve is a clone of makerdao with small differences.
There are similarities but it is not a clone. The core of the model is completely different as it is not debt-based.
>but such things don't really exist at the moment.
True enough but the groundwork is being laid. cDai for example. This is good for both MKR and RSR.
>They know their multi-collateral backing is unworkable in a decentralized way now, so they created yet another centralized stablecoin with a promise to maybe decentralized it some day.
A similar argument could be levelled at Maker, who are also - by their own admission - operating on a gradual decentralization model. The Maker Foundation retains a lot of control over the protocol. They control the centralized oracle price feeds. They are the only ones who can unilaterally trigger global settlement (the mechanism of last resort to confer value on Dai), and they are the only ones who can initiate governance votes or add new collateral types to MCD.
I like the transparency of RSR. They straight up admit that nobody has figured out how to do this decentralized governance thing properly yet, so they will need to approach this gradually without letting it stop them from delivering their respective projects.
After the Purple Pill drama, it is clear that Maker is centrally controlled by Rune (which is why MCD is so late).
>because in its centralized phase it's competing with usdc and usdt
Comparing them to USDC and USDT is inaccurate. Calling that part centralized is disingenuous. Their governance process for managing assets will be centralized (just like Maker's). The assets in the Vault will be decentralized, and managed by a smart contract (just like Maker's).
>and in its decentralized phase it's going to compete with dai
As noted above it will be competing with Maker from day one. And that's when the criticisms regarding scaling come into play - RSV has a much larger potential for growth (in terms of usage/total supply) than Dai.
