/biz/ - Business & Finance

Just upgraded my 191k bag to 215k, feeling confy.

RSR/RSV is a system that uses multiple tokens to keep one token stable. RSR is used for arbitrage in this system and price projections range from $1-$10.

RSV will be the next generation stable coin backed by multiple currencies and supported by Coinbase.

Early investors include Coinbase Ventures, Peter Thiel, Sam Altman, Digital Currency Group, Crypto Lotus, Refactor Capital, Jack Selby(Paypal founder), Distributed Global and many more.

As for Coinbase? Everyone knows they list what Digital Currency Group tells them to.^^

They have former SEC commissioner on their board.

Unironically supported by the fucking moguls of Silicon Valley.

Mark Carney, the current governor of the Bank of England specifally identified the dollar's status as the world's reserve as something that needs to be replaced by a form of digital currency similar to Facebook Libra, believing that would be a better option than letting another fiat currency like the renminbi replace the dollar.

Their mobile app is releasing next month and will be testing in hyperinflationary environment.

Coinbase Ventures are EQUITY investors/owners, making it clear that RSV/RSR is going to be the first next-generation stable coin system listed on Coinbase.