Read on Twitter
Why Reserve protocol will take over #Bitcoin 
? A thread if you’re not aware of the freight train that’s coming in front of you. @reserveprotocol @holareserve
? A thread if you’re not aware of the freight train that’s coming in front of you. @reserveprotocol @holareserve
Their use case is the Graal of crypto, helping people to save money, helping fix broken monetary policies, helping fighting hyperinflation, being a reliable uncensorable store of value, unlike bitcoin nowadays, like bitcoin original goal.
1 RSV = $1. Better than that, each RSV will be backed by a basket of crypto/real world tokenized assets, and this vault built like an endowment fund will be handled and rebalanced if needed by the protocol smart contracts. So this digital $ will constantly appreciate against
the real $, which will make it immune to $ inflation itself, and making the other token, the one you should hodl like gold crumbs, $rsr so essential. Every time the Reserve dollar goes above
its target value of $1, the protocol (you if you hold $rsr and if you want to participate to make profits) will burn $rsr tokens to peg RSV :1$
(RSR is burned for the same amount in $ than $1 RSV and these RSV are sold at the market price e.g. $1.03, you keep the difference).
(RSR is burned for the same amount in $ than $1 RSV and these RSV are sold at the market price e.g. $1.03, you keep the difference).
RSR will become more scarce and there will be more demand for it (what will happen to the price ?)
$rsr are the Special Drawing Rights for this new kind of money.
$rsr are the Special Drawing Rights for this new kind of money.
Inspired by Paypal Wars, From Zero to One, and Silicon’s valley unicorns like Uber or Airbnb, the top tier team, polishing their all-in-one dapp for remittances, day to day payments, major cryptos swap like BTC:RSV, bridging local banks, payments providers, Paypal accounts, Zelle
and many other applications, is aiming for monopoly on small niche markets before expanding in concentric circles and take a shot at world domination in their market segment (which is global payments).
The goal is to make a break through app, taking the best from each stablecoin and Bitcoin’s ideals, and benefit from their last mover advantage as Peter Thiel underlined it.
Beta testing zone is Venezuela, Colombia, Panama and Argentina (128M inhabitants combined)
Next targets are Mexico, Spain and Peru.
Next targets are Mexico, Spain and Peru.
So let’s say, in a few months from the start, there will be 6M users who will make on average 1 transaction/day. That will be when Reserve takes over Bitcoin with its 1.2M active addresses and 400k daily transactions and
Ethereum itself with 1.5M daily txs, the network on which Reserve is being built on, using ZK-snark as a way to scale without waiting for Ethereum 2 full release.
We’re heading for a trillion dollar valuation. It will many take years.
It won’t be in this cycle
If Bitcoin will ultimately go for $500-900k, so Reserve will go north of $1T valuation.
By this time, most of $rsr tokens will be sold, lost, burned, traded for pennies.
It won’t be in this cycle
If Bitcoin will ultimately go for $500-900k, so Reserve will go north of $1T valuation.
By this time, most of $rsr tokens will be sold, lost, burned, traded for pennies.
Reserve is the Paypal of cryptos. You have to deal with it, buying or not buying it, watch it grow from outside, seing it in the top rankings in a few months, in 2022, 2023…
Enjoy the ride
Enjoy the ride
