The Day of REQning

>Request has not released any proof of concepts for their product, so this is a white paper project. The only two milestones prior to the ICO are “release final draft of white paper” and “launch the Request Network website”.
>Since peer to peer payment is the backbone of cryptocurrency, the project faces competition from many blockchain projects in one way or another: Status, Metal, Monetha, OmiseGO, Everex, TenX, Monaco, Centra, Token Card, Pillar, and many others.
>20,000 Ether was sold to early investors and strategic partners with 20% bonus (this is not part of the 100,000 ETH hard cap). This may create selling pressure once tokens are listed, as those participants are willing to sell at a lower price than people who contribute in the public crowdsale.

the only hype point of this project is funded by YC and ING but those 2 had a lot of failed project also.

Basically just idea, nothing yet.

the working prototype is on their github already.

You faggots are hilarious the salt is real, i wish you good luck to hop on the next x10 train.

so how is this better than just using a crypto directly? especially when second layer networks are used.

who exactly would prefer a payment system where they have to buy some shittoken just for payments they could make directly without a middleman?

seems the request "developers" havent really thought this through.

Lmao you brainlet

LMAO by that logic lets scrap OMG too

github.com/RequestNetwork/Request_SmartContracts

Don't argue. It's called FUD. FUD as hard to dump the price, let's see how dumb the people from the whitelists are.

do you honestly think that a payment network that REQUIRES a token to be bought/exchanged for EVERY TRANSACTION can possibly be competitive with a native payment network which doesn't?

keep chasing those pump and dumps because you will be forever if these are the projects you think will stand the test of time when this market matures. and believe me, nobody is going to be using this payment network until the market has matured, and by then, they've either scrapped their broken token model, or they've gotten replaced by lightning networks and decentralized exchange networks.

HOLY MOTHER OF CHRIST THE ORDEEEEEER BOOOOOKKK REEEEEEEE

So many orders at like 4/5x. Comfeeeeeeeee

yes "FUD", sure thing buddy. "FUD" that's not once been refuted by any of these companies or any of their little fanboys hoping to get rich.

sorry you missed out on the real explosion of crypto in coins like bitcoin and ethereum, but chasing every new shittoken is going to get you nowhere.

This coin is going nowhere... Can't believe people bought into this..

bought 100k.

try harder. You'll only get in at 3x ICO at this rate.

I dont have any REQ, but I see it has great potential. Especially in accounting.
Too bad most of you see it as an OMG clone.
If only I had timed my LINK right I would have invested in REQ for sure.

Good luck guyz. You're investing in a legit project.

i dont need to chase shitcoin profits like you.

of course the project is legitimate, but that doesnt say anything for the potential of the token, which in all of these "fee/funding token" coins is a big fat zero. once the speculators get tired of it and move on, the coin is dead, because none of these networks are going to reach critical mass in that time, leaving them wide open for native competition which will be more decentralized, cheaper, and faster, and incumbents competing with them, in which chance middleman companies like this will get fucking destroyed because they can't even compete with other crypto competitors, let alone established entities entering the crypto space.

So is anyone going to refute his claims? It's kinda pathetic that your just sitting here calling a FUDer when you won't even attempt to prove him wrong

I only see red. do we wait a couple of minutes for it to crash more if we want to buy in?

True that massive competitors can make promising projects suck cocks. But that is where there accounting emphasis comes into play. So far that field has no competitors afaik.
Also REQ has many smaller side projects to keep hype train fuelled and REQ relevant, like "Pay with REQ" button. Such micro-targets are really healthy as they also let devs see their labor's fruits faster and there is always a chance a sub-project sprouts something big

I didn't buy into REQ
I hope it goes well for you all

i dont even know who theyre trying to fool, everyone here is just looking for quick profit anyway, nobody gives a shit if the network succeeds or fails because nobody would be stupid enough to invest in this thing and hold it for months expecting huge multiples.

all these are great ideas, but i dont see how any of those things help the token get more valuable?

You are right on the token part I see it a lot too with icos where the token isn't integrated into the project. Alt coins are just a joke it's just scamming new fags by pumping and then dumping on them while you fomo on Veeky Forums

Man, accounting can be a pain in the a and very costly. Especially when you are a small business and don't know how it is done. If using a coin could cut costs of accounting it would be such a relief for many ppl.
Also, don't you see how a "Buy with REQ" button directly stimulates ask for a coin?

I repeat that I hold 0 REQ and in no fashion say it's gonna moon x10 this week. I just like this project because it looks well structured.

Just read the whitepaper and you will get all your answers. The project is legit. The only thing is that they dont have the product ready. But obviously if they had the product ready, you wouldn't have been able to buy the tokens so cheap. Its valuation would have been much higher!

the problem is we're in the caveman age of icos, where everyone thinks you can just fund a project by shoving a token into it and be done with it. but making a token a core part of the project is even more difficult that coming up with the project itself.

all of these funding tokens are slowly eroding the trust in the token model, they don't give a shit because they already have their money, but 12 months down the line this funding model will be on its last legs, and the funding tokens will be too.

but who owns this REQ? you can be sure end users arent going to buy some token that they can only use with one network. do you think paypal would be successful if you had to buy paypal dollars for every purchase?

and i dont see how they can help with accounting, anything they can do has to be simplistic and algorithmic, and is therefore already available for companies that use digital payment systems.

Yeah or paypal/venmo/any business in the world could just utilize chainlink

>rent free

That is what you do with paypal. You buy an iou. It will be abstracted so the end user never has to worry about the token.

Literally this.

paypal doesn't do this, when you pay with a currency they take a % fee and that's it, it doesn't depend on the liquidity and current price of some other currency, theres no exchange rate unless the buyer and seller have different currency requirements, in which case the rate you get is terrible and something every seller tries to avoid.

you're not wrong but it just shows the infancy of crypto as a whole. It's celebrated right now if any crypto company has a "working product" regardless of how well it works or how widely adopted it is.

I'm fairly new to crypto (6-8 months) but I don't think I can really even name a single crypo-based company with a "working product" that actually has any sort of widespread adoption so far. We're not at the stage where these companies are making services that millions of people are actively using yet. That's why the whole thing lacks credibility in the eyes of many.

I dunno, the ICO model is a catch22, it's like they want the funding to make their product, but we haven't really seen many successful products yet so it's hard to point at concrete examples. Instead we're all just hoping shit starts to work out for the best.

i've been in this shit for a long time, and its only in the past year or so that there's been this explosion of "companies" launching on the blockchain. the real money is in the underlying network, not the extensions on top. the extensions are pluggable, replaceable, discardable, but the networks themselves are required to power these companies. the only reason request is getting hyped is because its built on a blockchain, that's it. if it was your average company no one would give a shit, and yet just because they've launched a token to pay for fees, people feel like now its going places.

if you want to be a part of this space, you need to stop investing in the top layer, because that's going to get skimmed regularly.

dude REQ is still dropping in value. Your shilling wont help here.

this thread was posted before it even launched. there were idiots crying out for 3x 4x in here.

Sure that makes sense but I guess my point is more along the lines of just wanting to see actual implementation of technology in a real world functional way. I agree with you that the underlying network is key but at least lets have one major successful widespread application/use of that underlying network to really get peoples attention.

So far most roadmaps are like 1-2 years off before we see anything groundbreaking; anything that has a "working product" right now hasn't really caught on in any substantial way.

All I want is to be amazed by something that takes the world by storm, something millions of people can actually make use of in a meaningful and beneficial way - a product that reflects the actual market cap of the company that made it.

shiet, starting to go for lower than 20k. officially below ICO now.

0.00016 was ico

so how about those gains :)

hee hee :)

presale u mean

Sad this happened, but it doesn,t change the fact that REQ is a good project. Hope to recover to ICO prices upon listing on exchanges, and people realize its potential esp compared to similar market cap coins.

ICO was 1 ETH/5000 REQ = 0.0002.

0.00016 was the Pre-sale, 20% off. Already seen a few sellers at that price too. It's ogre.

agreed

I imagine once we're past the fork it'll pick up some steam

idiot only a very few people got it at 16k, it was 20k for everyone else. And guess what. its almost below 16k now. So even pre sale guys will be losing. You ICO losers are about 20% down already.

yeah, but always take the lowest price as the base level, because psychologically thats all that matters, especially when normal buyers find out some people, even if it was a small number of them, bought in for lower.

that or it'll get left behind as bitcoin does some damage to alt ratios.

dude, do you know why this is happening? I really want to know. From the research I have done this is a great project.

biztards made 10 accounts and invested their life savings. Now that it didn't pump instantly they are panicking to sell below ICO to salvage some of that.

The ICO was full of flippers.

this poor lad

stuff like this always makes me feel better

things could always be worse

>accounting

UH paypie exists and is already making headways there.

Still means it can go up and their is profit to be made right? I was always in for the long term. Just dont want to panic sell now.

of course it can go up, its almost guaranteed to at least attempt to break through the ICO price once, so if things look really bleak you'll get an exit

it will go up.
these are the most retarded sellers i have ever seen.

Of course, mate. It's only on ED. Just wait.

Thanks guys,
I was stressing!

alternatively this may be the beginning of a new era in which even well hyped coins just completely fail and stay failed after ico

who knows

Help a lazy user out - where do I buy this?

ether delta

it seems to be recovering a bit

haha,

Thanks very reassuring. This is the best ICO since Link and Link is still over 2x even with all the FUDing. I am sure we good.

Too many small 'investors' are putting up their 33k-100k walls. This is just like AST.

Thanks. I'm a bit mad that I actually work for ING... IT too... usually new products and projects get wildly promoted on intranet. But I had to learn about REQ through Veeky Forums.

kek, the only shitcoin to get launched below ICO price. ahahahahahaha