Here is why @reserveprotocol has the potential to one day scale into a global decentralized stable coin.

• Peter Thiel & Sam Altman
• @Facebook = 3 Billion Users
• @PayPal = 300 Million Users
• @ycombinator = 2,000 startups

Summarizing below - thread.
In 1998, Peter Thiel co-founded PayPal and served as CEO & Chairman.

In 2004, he was the first outside investor in Facebook. For $500,000 he earned 10.2% and a board of directors seat.

Also an early investor in Airbnb, Linkedin, Tesla, SpaceX, Spotify, among dozens of others.
In a 2018 talk at the Economic Club of New York, Peter Thiel said he was an early investor in Bitcoin, but has remained mostly skeptical about other cryptocurrencies.
Although he has made a few crypto investments through his @foundersfund:

• @polychaincap a cryptocurrency fund
• @LAYER1OFFICIAL a bitcoin mining startup
• @tagomisystems a cryptocurrency brokerage
• @harbor a security token issuance platform
• @block_one_ creator of EOS
Thiel regularly refers to Bitcoin as "Digital Gold".

But the original vision of Paypal was to build a "new world currency".

Is @reserveprotocol that original vision of a "new world currency"? https://bitcoinist.com/bitcoin-fulfilling-original-purpose-paypal/
Bitcoin Fulfilling the Original Purpose of PayPal - Bitcoinist.com

PayPal tried and failed in its stated mission to create a "new world currency," but Bitcoin is stepping up and fulfilling PayPal's original vision. It's a

https://bitcoinist.com/bitcoin-fulfilling-original-purpose-paypal/
"We didn't know this going into the project, but it turns out the original Paypal team wanted to build something like this, and time pressure and available technology led them to pivot to a much smaller project." - @nnevvinn
The value of Peter Thiel's backing cannot be overstated.

For example, with Facebook launching the @novi wallet for their 3 Billion users, integrated digital currencies will instantly achieve scale.

Remember, Thiel, Facebook, board of directors? https://www.coindesk.com/libra-facebook-blockchain-digital-wallet-novi-calibra
Facebook's Calibra Rebrands to Novi, Details Wallet Tie-Up With WhatsApp

In the run-up to launch, Facebook Libra's digital wallet subsidiary has been given a new look and a new name: Novi, which means "new way."

https://www.coindesk.com/libra-facebook-blockchain-digital-wallet-novi-calibra
Or with Paypal considering direct sales of Bitcoin and other cryptocurrencies for their 300 million users.

How valuable is it having the co-founder and former CEO of Paypal as one of your earliest investors and biggest backers? https://observer.com/2020/06/paypal-venmo-plan-bitcoin-cryptocurrency-service/
PayPal May Start Selling Cryptocurrency Directly, Which Would Change Everything

After Square’s success with Bitcoin, it’s a natural step for PayPal to join the game.

https://observer.com/2020/06/paypal-venmo-plan-bitcoin-cryptocurrency-service/
Only time will tell.

For now, @reserveprotocol remains one of the most interesting decentralized stablecoin protocols. https://www.ccn.com/coinbase-billionaire-peter-thiel-back-new-reserve-stablecoin/
Coinbase, Billionaire Peter Thiel Back New 'Reserve' Stablecoin

Coinbase and billionaire Peter Thiel are numbered among the backers of a new cryptocurrency "stablecoin" called "Reserve."

https://www.ccn.com/coinbase-billionaire-peter-thiel-back-new-reserve-stablecoin/
Enter Sam Altman, former president of @ycombinator and CEO of @OpenAI.

Altman spent the last five years leading Silicon Valley's top startup accelerator with early stage investments in over 2,000 companies and a combined valuation of over $155 Billion.
Here are a few of those companies:
• @stripe
• @Airbnb
• @DoorDash
• @coinbase
• @Instacart
• @Dropbox
• @reddit
• @Twitch

https://www.ycombinator.com/topcompanies/ 
With @reserveprotocol focusing on adoption in emerging markets and targeting countries with currencies experiencing high levels of inflation.
With @reserveprotocol focusing on adoption in emerging markets and targeting countries with currencies experiencing high levels of inflation.
With @reserveprotocol focusing on adoption in emerging markets and targeting countries with currencies experiencing high levels of inflation.
A permissionless stablecoin has high demand in these countries with high inflation rates.

People want to protect their money.

Someone like Sam Altman has already worked with numerous tech companies that could help @reserveprotocol in emerging markets.
A permissionless stablecoin has high demand in these countries with high inflation rates.People want to protect their money.Someone like Sam Altman has already worked with numerous tech companies that could help @reserveprotocol in emerging markets.
A permissionless stablecoin has high demand in these countries with high inflation rates.People want to protect their money.Someone like Sam Altman has already worked with numerous tech companies that could help @reserveprotocol in emerging markets.
A permissionless stablecoin has high demand in these countries with high inflation rates.People want to protect their money.Someone like Sam Altman has already worked with numerous tech companies that could help @reserveprotocol in emerging markets.
A permissionless stablecoin has high demand in these countries with high inflation rates.People want to protect their money.Someone like Sam Altman has already worked with numerous tech companies that could help @reserveprotocol in emerging markets.
Digital currencies instantly achieve scale by integrating into existing tech platforms.

So when two of Silicon Valley's most prolific entrepreneurs & investors decide to invest in a digital currency.

It's always a good idea to take notice.
Digital currencies instantly achieve scale by integrating into existing tech platforms. So when two of Silicon Valley's most prolific entrepreneurs & investors decide to invest in a digital currency. It's always a good idea to take notice.
Digital currencies instantly achieve scale by integrating into existing tech platforms. So when two of Silicon Valley's most prolific entrepreneurs & investors decide to invest in a digital currency. It's always a good idea to take notice.
Digital currencies instantly achieve scale by integrating into existing tech platforms. So when two of Silicon Valley's most prolific entrepreneurs & investors decide to invest in a digital currency. It's always a good idea to take notice.
Disclaimer: This content is for informational purposes only, you should not construe any information as trading or investment advice.

This is commentary on @reserveprotocol potential to scale in the coming years.
A recent tweet from @reserveprotocol on how Venezuelan, Argentinean, and Colombian app users can move from Zelle and Paypal to $RSV. https://twitter.com/reserveprotocol/status/1269053667904237569
You can follow @cryptonephilim.
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