DAGKnight is the first parameterless protocol in which blocks in the DAG will be confirmed at the speed of the internet. Essentially creating the perfect peer-to-peer cash system using a generalized Nakamoto consensus.
I saw RSR already listed on Huobi, but still can't find RSV, can you give any information about when RSV will be listed on exchanges? Or RSV will be ready after mobile wallet launch?
And whats mean about signature code? Is there any bounty for this project?
And within this beta testing the application is seamlessly integrated with PayPal.
I saw RSR already listed on Huobi, but still can't find RSV, can you give any information about when RSV will be listed on exchanges? Or RSV will be ready after mobile wallet launch?
And whats mean about signature code? Is there any bounty for this project?
The OP is so lucky he got 61 merits from creating this thread. Not sulking here, but I guess these 2 individuals that gave him merit are in some way connected or supporting this project.
Im just a nobody that was losing faith in crypto until I ran into this project. A little tidbit from the CEO on incentive of holding RSR.
Re: [ANN][RSR/RSV] - Reserve Protocol: Decentralized Stablecoin System
by
OneNattyLitecoin
on 06/11/2019, 23:47:43 UTC
Im astounded this project doesnt have more eyes on it. Aside from the project directly servicing at risk economies, it has a built in arbitrage opportunities for whales and the team to have self sustaining cash flow. It will also be backed multiple stores of value in a decentralized fashion, with an attractive mint/burn mechanism for supply control.
Peace be upon the Reserve Protocol.
Remember where you were when you read this post.
Quote
If RSV is large enough and circulating fast enough, then the project can partcicipate in RSR-powered arbitrage pro-rata and maintain the same fraction of ownership of RSR over time, without selling any RSR on the open market. Let me explain with an example. Say that there are 20M RSV from fees and colalteral appreciation in a given year, and say that the project holds 50% of RSR in that year. The 20M RSV would lead to about $20M in RSR being paid to the smart contract and burnt, in exchage for the 20M RSV. So if the project participated pro-rata that would mean it would have traded in about $10M in RSR for 10M RSV. But it would still hold 50% of RSR at the end of the year, as twice that much would have been burnt. Thus the project would have 10M RSV in revenue while still holding the same fraction of RSR, and not selling any RSR on the open maket. Until we reach a state where the numbers will add up this way, the project will sometimes sell RSR in order to pay for expenses.
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