/biz/ - Business & Finance

so what causedthe mini pump today?

REQ CONFIRMED EXIT SCAM HOLY FUCK!!!!!

It's been stuck at 270 tokens burnt for close to three weeks now. Nobody is using it despite it being a payment plug on WooCommerce. This is just fuckign sad at this point, the accounting use case will see even less use because in order to get the accounting features you'd have to have a business that only operated in cryptocurrency on top of the request network. I can tell you right now approximately zero businesses on this planet will do that, let alone one of the big 4 accounting firms. Lmao.

http://reqtokenburn.com/

You guys think all the FUD of your shitcoin is bad or whatever, fine. I'm here to offer some legitimate criticism that I've never seen a good answer for.

1. The people that can use this service most will never have it, the people that could conceivably have it don't need it. What do I mean? Well, peer to peer feeless (REQ is basically feeless) almost instant transactions with fiat currency would be a killer in the US. However, Korean markets already have this. Why is it not possible for the US to have this? Because USD can never be issued on the blockchain due to regulations. Tokenized USD that you can transfer for free and in seconds will never be a thing due to the US government not allowing it, however, the Korean currency already can be transferred for free and instantly.

So, in the countries where tokenized fiat could potentially become a thing due to the government not caring about it, it isn't needed. And in the countries where tokenized fiat would be incredibly useful (such as the US, where we don't have instant, feeless transfers) it will never, ever be allowed due to regulation. Get it now?

2. The token economics are horrific. Put simply, they'll never properly reward investors with this mechanic. It's much worse that staking economics, even though with the burn mechanic you're physically removing coins from the supply, you basically will never remove a decent amount. With staking, over half the coins are "removed" from the supply (not technically, but in practice they are not part of the circulating supply because they're locked in nodes. The same cannot be said of REQ). Moreover, the burn mechanic encourages extreme price suppression.

A free plug in on the largest e commerce site that lets people pay in any cryptocurrency of their choosing for virtually no fee.

A partnership with one of the big 4 accounting firms

A partnership with motherfucking Wikipedia, the fifth most trafficked website on the internet.

What the FUCK am I missing? Why aren't people buying this? The thing has no fucking volume. This is a speculative market, right? How can you not be speculating that people will use the Request Network to perform transactions in the future? It's like speculating that a ball will fall downward when you let go of it. What the fuck am I missing? CAN SOMEBODY FUCKING TELL ME? WHY DOES THIS FUCKING COIN NOT GO UP YET TRON DOES, TRON DOESN'T DO ANYTHING. WHAT AM I FUCKING MISSING YOU STUPID COCKSUCKERS.

Thanks for shilling this low performing piece of shit. I missed out on so much money because of you pieces of shit. This dogshit token is just a poor man's BNB, it will never, ever fuckign moon.

I knew I should've just bought OmiseGo which will do the exact same thing REQ does AND Vitalik is working on it. 80 tokens burnt since mainnet launched, nobody uses this fucking hogshit. What a shame.

Feels so fucking good

Name a bigger pump and dump shitcoin

PROTIP: You literally can't

wtf is REQ doing?

>hurr whales are accumulating
>hurr it's gonna breakout soon
>hurr hodl till 2019 and it'll be worth $1000

Every time it moons it dump twice as much.

Name a worse hodl.

PROTIP: You literally can't.

Even Bitconnect has more potential than this.

Feels so fucking good

Feels so fucking good

>everything else is up at least 10%
>LINK is up 33%
>REQ is barely up 2%

Why is REQ such fucking garbage?
Second worst thing I have ever bought after DBC.

WHY THE FUCK DOES REQ ONLY GO DOWN?

LITERALLY EVERY OTHER SHITCOIN HAS MOMENTS WHEN THEY GO UP BUT THIS JUST KEEPS GOING DOWN

FUCK OFF

Finally dumped this shit

Feels so good

Why does this keep crashing?

>HURR IT ALREADY MOONED 6 WEEKS AGO JUST GIVE IT ANOTHER 4 MONTHS AND IT'LL MOON TO JUST UNDER A DOLLAR

WHY THE FUCK DOES THIS KEEP GOING DOWN?

Hey guys I have a joke for you

REQ

>tfw bought at $1

when is this shit going to moon?
these bags are getting heavy

>REQ moons last night
>happy it's finally over
>go to bed
>wake up
>REQ "corrected" lower than it was before