Reading up on the project, looking at the backers, and the real world application
https://reserve.org/
I truly don’t see what their added value is. They market themselves as a “decentralized stablecoin” but they are using the US Dollar to peg to, which makes them super centralized and also subject to the inflation of this currency. Which I, especially now, find quite concerning.
You made me look into the whitepaper that they published and they describe that they want to “move off the USD peg” (section 4.7). In my eyes, that would be the only added value that they could potentially create (for if they don’t, you’re essentially just using the dollar with extra steps).
However, that section is extremely small, namely only two sentences. In one of these two sentences they write the following: “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”. Now, I don’t find that transparant and clear at all, at least, they have not published a clear plan on this. Even though this would be crucial to their added value in reality.
After doing this research, I truly do not see why this is “groundbreaking” at all, nor why this would solve the problems in Venezuela. Having said that, you wrote that you read up on the project to, so what was it that convinced you that this is a good investment? As I wrote before, I’m genuinely interested.
This yours?
yea
Neat
I got another 5 hours before I get off and can check
https://opensea.io/assets/0x082903f4e94c5e10a2b116a4284940a36afaed63/5288
lol what the hell
https://opensea.io/assets/0x082903f4e94c5e10a2b116a4284940a36afaed63/5288
Are they just putting the unclaimed pixls on opensea as burn victims? lol
Any good interviews/podcasts y’all recommend? At work just listened to the Tim Ferris Vitalik interview
Are they just putting the unclaimed pixls on opensea as burn victims? lol
I have no idea lol
yeah maybe something like that lol
I own 0.0009 ETH
Broke ass
I own 0.0009 ETH
you'll be in the top 1% of society soon
go on tell us how u got then baller
I get to eat 2 packs of ramen for dinner
don't let SBF take your bag boys
my GRUMPY
i am financially ruined because of you f***s
my GRUMPY
i am financially ruined because of you f***s
so much betrayal
For y'all who dont know I work with a creative group called coral studios and we're dropping our second nike sneaker next month.
In addition to the regular release on our webstore we're also doing an NFT release. We're doing a limited run of NFT's that will be auctioned and sold. NFT auction winners will also receive a physical pair of shoes.
More info soon. Here's a preview of one of the NFT's
For y'all who dont know I work with a creative group called coral studios and we're dropping our second nike sneaker next month.
In addition to the regular release on our webstore we're also doing an NFT release. We're doing a limited run of NFT's that will be auctioned and sold. NFT auction winners will also receive a physical pair of shoes.
More info soon. Here's a preview of one of the NFT's
Y’all fyee