Request Network

I swear, this board is so fucking retarded...

Why the fuck is it dipping. It was just listed on OKex. I don't fucking get it. What the absolute fucking shit is going on. Developing tourrettes here.

Okex apparently doesn't care about alts. Plus req dosnt have much news until the great wall.

A dip is fine, but this .27 -> .37 -> .29 bullshit has got to stop

are you retarded? not everything moons in an instant, go chase elsewhere

people need to stop this meme that being listed on shitty chinese exchange will do anything

Triple entry accounting will change the accounting profession.

Again this is not true triple entry, there will be no trebits, just double entry through blockchain.

I feel like Request is too ambitious. A lot of promises. Prove me wrong

You might be right. There are far too many cryptos coming out doing banking services ect. However, Req is the only one focusing on the accounting profession as well. This is where we will see a huge impact with blockchain tech. Why people aren't seeing this, I don't know. I could give a fuck about the request payment side of this project, yes it's neat but triple entry will be a revolutionary change to accounting/auditing. AICPA is already talking about the impact.

The first company to implement triple entry on a wide scale will be a gold mine. Req is the only one i've found so far. If anyone knows of any other cryptos/tokens aimed at the accounting profession let me know.

I'm a brainlet what's triple entry accounting in your own words?

...

I feel like this is a really good idea that will never catch on. If Amazon and similar sites wanted to integrate a crypto project into their services, they'd probably just go with Ripple.

Someone wanna tell me why the token is useful whatsoever?
>it's required for transactions and gets burned
yeah but isn't this completely unnecessary and just an attempt to make the token seem like it's not completely worthless? REQ's goal is not to be used as a global currency, it's a blockchain platform with a paired token that seems to serve no actual purpose.
Seems like this is the case for 90% of shitcoins today, Someone prove me wrong

I strongly suggest you research this topic. In Accounting, when you make a journal entry it consists of a debit and a credit. Hence double entry. Assets and expenses have a debit balance. Liabilities, equity, and revenue have credits balance.

Let's I came over to mow your lawn for $30. But agree to pay you on credit in 30 days.

On your general ledger you would book this journal entry:

Lawn expense: debit 30
Accounts payable: credit 30

On my general ledger I'd book this journal entry:

Accounts receivable: debit 30
Revenue: credit 30

Where triple entry comes in, your payable and my receivable will be processed through the blockchain, documented and will reconcile to the peny and booked in the general ledger. This creates a fraud-less environment where bookkeepers can't "cook the books."

Read up on the later to understand the impact of blockchain accounting.

>Not on top exchanges yet
It's literally in the current top 2-upcoming top 1 exchange (Binance).

Typo. Lets say*** ....But you agree to pay me***

Inb4 that faggot fudder with his muh GAAP

I think this is going back to 25 cents like last week's pnd

Protip buy around 22 cents and sell at 35

I think its going to grow all day like it did yesterday.

I prefer to invest my cryptos, The daily payouts are less stressful than riding the trade waves!

youtube.com/watch?v=pj9cShusb84

that sounds interesting. what happens if there's a blockchain error or how does someone prove the blockchain is true?

Maybe you need to read up on blockchains because wtf is this question

Not a dumb question, it's valid. Audit firms will create their own algorithms to test the blockchain of the audit client (company). Deloitte has already performed one this year. I'd be really curious to see how it was done. I want that audit file!

Except trading just went live on the largest Asian cyrpto exchange and the 4th largest globally.

This is bigger than a listing on GDAX.

Their volume isn’t in alts

stfu 3% yearly bond cuck

That's a dumb statement because it's a payment gateway.

Instead of buying BTC and then moving to Binance, the money will flow into REQ almost directly.