Is This Mini Federal Reserve Cryptocurrency a Buy?
Seasoned investors have seen just about everything in the cryptocurrency realm, from decentralized finance (DeFi) tokens to decentralized exchange (DEX) tokens to decentralized application (dapps) tokens to decentralized cloud data storage tokens and more. But they were probably not expecting the emergence of the "decentralized Federal Reserve" token Reserve Rights (CRYPTO: RSR).
Most Americans have little faith in the Fed. Heck, even the 28th president, Woodrow Wilson, who signed the Federal Reserve Act into law in 1913, later regretted the decision. Wilson claimed he had ruined the country by letting a "great industrial nation [be] controlled by a system of credit" when referring to the act.
So curious investors probably have two pressing questions in mind: 1. Does this blockchain allow me to elect my very own decentralized Fed chairman? And 2. Does this blockchain prevent arbitrary issuance of currency, such as when the Fed printed 40% of all U.S. dollars in circulation over the last year? The answer to both questions is, sort of. Let's look at why Reserve Rights is a solid investment that can make coin holders happy, albeit at the expense of sounding the alarm on Jerome Powell's computer screen. It's already up a stunning 1,290% since its inception two years ago.
Source Fool.com