Is creating stable coins the main purpose of RSR? If

so, why does someone use RSR to create a stable coin?

Don't think that's the main purpose. Using stablecoins will effectively protect users from inflation of their "home" FIAT currency.

(1) what would you say the main purpose is? (2) I meant why does someone create a stable coin using RSR instead of whatever alternatives there are to create stable coins elsewhere

Just my personal opinion here. I see the main purpose as escaping hyperinflation. Using RSR becuase it's backed by actual assets and not just minted? That's how i see it.

The team believes that, with time and effort, extremely robust stable currencies can be an option for every human. I imagine many of us here live with relatively stable fiat currencies, and a bit of inflation here and there - but when currencies hyperinflate or collapse, it can hamper entire generations or countries. The protocol allows any entity to create a currency from a wide range of tokenized, relatively stable assets. And rather than "the team creating one currency" (like RSV), allowing anyone to create a currency (maybe it's a company looking for yield from their own treasury, or economists putting their perfect basket into practice) means we can quickly test many currencies at the same time - a global experiment, if you like. (And with a well-chosen basket, the worst that can happen is "it doesn't get adopted much", rather than any volatile de-pegging or algorithmic failure like Luna). And RPay (the app) is the protocol being put to practice in the real world, the first (but possibly not only) effort to bring stable currency into real world, practical use.

A mechanism to test what performs? Can you say there is nothing out there that has allowed us to do this until this project? I would imagine your team has done lots of research. Btw, thanks for the great response. This is what I was looking for.

Yes, you could call it a platform that allows experimentation with different stablecoins and see which ones the market will want to use. The protocol can be described as a "stablecoin factory", and there is indeed nothing else out there like it. If projects want a stablecoin, up to now they had the choice of either creating one from scratch (really difficult and takes a long time) or use an existing one like USDC or DAI (which have some downsides of their own).

In a paragraph how would an economist put there basket out on the market? How much $, time money energy required to do something with you guys. Maybe an estimate on what it could take to do it without you guys. This would be great marketing information as well, but you guys are probably on this

Maybe tell me like I’m a 60 year old economist wanting to test a hypothesis. Do I need to hire someone to build this out for me, or are we talking plug and play?

The main factor that will determine an RToken's growth is good product-market fit. Reserve can (and will) deploy some of its resources to bootstrap growth, but if there's no great product-market fit that will only cause a small amount of growth for its market cap. Creating an RToken does not require funds besides Ethereum gas fees (so probably <$200). It's hard to say how much time & energy they'd have to put it, as it really depends on the product-market fit of that RToken 🤔

Let me follow up. If they just want to have it online (no growth) how long? Would it be different for every project on the technological side as well?

Great question. The platform is designed to be plug and play, as in, you go to a website, you click "Deploy an RToken", you go through the whole process via a user interface and your RToken is created. That being said, the platform requires a small amount of custom code per collateral asset (called a "collateral plugin"). We've only written plugins for 12 assets so far, so if that economist wants to include other assets in his RToken's basket, some coding will have to be done. Reserve intends to fund grants for this development, though (so it wouldn't require the economist's own funds).

Over time I’d imagine that the market will develop “plugins” for any asset? (Theoretically speaking)

If no additional collateral plugins are needed, it's just a matter of going through a process on a user interface (where you select the collateral assets, backup assets, parameters, etc) - this takes maximum an hour or so (depending on how long you have to think about everything). If additional collateral plugins are needed, the only bottleneck is writing those. It's a small amount of code, and Reserve will likely fund them, so I don't see big issues in this (besides the fact that it might take a few weeks before you can deploy your RToken).

Yes, preferably more stable assets than any others (i.e. RTokens could really benefit from something like a tokenized treasury bill plugin but not so much from a DogeCoin plugin).

Thanks that hour puts it into perspective

Yes of course. You also want to focus on the 60 year old economist instead of the 14yo dogecoin hypothesis tester