/biz/ - Business & Finance

>>7215732

Good update, exactly what I wanted to see during this bear period: just diligent work and technical improvements. No hype, just hard work.

Confidence in team re-affirmed.

THe RCN partnering makes sense too. It's not just news for the sake of news.

This is seriously the best update they have released so far.

It's funny, they launched in exchanges in a very bad moment, even dropping below ICO prices. Now they launch this great update in the middle of this shitstorm and the price is low. It really makes me think life is giving us the signals to make money.

>>7215969
This. Super super bullish on REQ and this dip can literally make you filthy rich

news are getting better and better

>>7215732
Great update.
REQ and PRL are my biggest bets right now. Feel like they will come back hard when this crash is over.

and they claim they are still on track for 1Q goals. Amazing.

Nice update senpai

This was indubitably amongst my favourite updates that the team has released. They have 32 groups eager to obtain a grant in order to develop an application on the Request Network protocol.

Its fucking awesone

Imagine being able to pay with credit on the fly when you're about to make a payment.

this will be huge, but very dangerous for people who will abuse it

>>7216077

>PRL

Would you give a brief overview for a fellow REQon marine?

>>7215732
Being balls deep in REQ and RLC, true confidence!

Tempted to max out my line of credit to buy more REQ right now, interest would only be about 700 dollars a month on 10 000.

https://discord gg/XwtpTfX

Get in here, true patrician discord

>>7216572
retard

>We can now detect ‘broadcasted’ request transactions from the txpool that are not yet mined. The payment is detected before it appears on the blockchain. It allows users to see if a payment is in progress even if it is not confirmed. One of the important benefits of this is that you won’t have to wait for your transaction to be mined while paying online or at a restaurant.

This is fucking BIG

Sounds like the code for Mainnet must be pretty far along if they will start external auditing soon.
Pretty great update overall and makes me pretty confident for the big picture.

I want to buy more REQ and more LINK, but I'm waiting for the FUN moon first.

I need it.

>>7216572
You must have balls of steel!

>>7215732
I'm telling ya...this shit is gonna be $25 by EOY, and everyone's gonna lose their fucking minds that they could've bought at .30 cents (smart money got in at .045-.06)

I literally cant even describe the amount of cum shooting out of my penis while thinking about REQ. I WILL OWN FUCKING TENS OF MILLIONS OF DOLLARS IN FEW YEARS.
REQ will be bigger than paypal and fucking everything holy shit we will get 300b market cap
AAAAHH CUMMINGGGGG

>>7216336
Sure my dude.

It's coin that does 2 things:

- Creates revenue for websites instead of banner ads. It lets users mine for prls.
- It's a file hosting system on the tangle.

To pay for GB you pay with PRL. That's where it gets it's value. Think of the hosting as a totally anonymous MegaUpload, where things are stored encrypted on the IOTA tangle.

The best thing is yet to come. The price of PRL will be fucking PEGGED. You pay for 64GB per year with one year. 6$ for a service like this is a conservative estimate.

Confirmed here: https://medium.com/oysterprotocol/how-prl-pricing-will-work-in-the-future-d67c4f231386

Do the math. PRL right now is fucking low. The price will be pegged. So if this platform takes of, you will go at least x6. (some people even think it will be 15$ per PRL as the service is anonymous).

Also. It just had it's first testnet launch 2 days ago. Shit looked really good (fucking slow) but really good.

https://medium.com/oysterprotocol/oyster-pearl-testnet-a-is-live-e801d790eae3

So if they fix the speed issues we could be fucking millionaires in a year.

TFW holding 88k REQ and 77k PRL.

>>7217100
I would buy PRL if it was listed on binance.

>>7216615

Discords are fucking trash for the absolute BEECONEC style bottom-feeders.

>>7217100
Thanks dude, it's an interesting project. But I still want more exposure to 0rx before I dive in.

>great update
>during a bear market
REQ cant catch a break can it

>>7217355
Listed on Kucoin now. It sucks. But there's rumours of a binance listing now that the testnet was a succes.

>>7217423
Fair.

Ok now i'll stop shilling in this REQ thread.
This update really makes me optimistic that we wont get REKT in the long run.

>>7216667

Oh shit, missed that!

Why the fuck has no one done this before?

>>7217459

It's a scheduled update, in two weeks there will be another.

>>7217459

Consider this your opportunity to buy an actual project with actual code and an actual business for pennies on the dollar.

The universe is signalling you. How will you act?

>>7217100
Dude stop spreading the 64 GB thing. It's going to be 64 GB minimum, it's just a safe estimate they put on the website.

"64 is just a safe number I can confirm will be the minimum, my plausible number is 512"

https://imgur.com/a/sUVGA

>>7217558
i bought 10k of them sub 6 cents

REQ partners with a no name company/

great job guys

>>7216956
15b market cap? don't think so

40k REQ here. Has anyone done some calculations on the token price based on transaction volume once the network is up and running?

>>7217779
Yeah we did it in a thread few months ago, not sure if our maths was right but if the request network captures 1% of the swift transactions REQ would have something like a 70b mcap

>>7217680
That's not what made this news great at all.

What made it great was the confirmation that they are on schedule for Q1.

That they have 32 development groups that look to develop an application upon the REQ protocol

That they now have a dedicated group of amateur developers that contribute to the coding space by branching off the JS library to other languages.

The fact that they have a mindmap up for future partnerships now that clearly shows a couple of them are already being negotiated right now so we will have at least ~5 more partnerships announcements in Q1 2018.

The RNC partnership is just a small pebble as a closing message and isn't really important.

This is bullish as fuck news. As it basically confirms that there are businesses interested in using Request Network as soon as possible and since they are on track they will start to make ACTUAL REVENUE late Q1 2018.

This shit will moon to heaven when they actually start to make money and the burning of tokens starts to happen. Everyone and their mum will try to buy REQ as it's the first fucking cryptoproject that actually has market adoption and is making money.

>>7217854

why would req capture any of swift's market? That's for Ripple.

so guys
when the Request app comes out
you WILL be using it right?

>>7217911
Well of course I'd use it if I had the chance. The transactions will be cheap as fuck.

I wonder, are we going to be able to seamlessly exchange one crypto for another using the app?

>>7217911
Of course. Instead of using paypal when I sell crap on ebay I'm going to start using Request Network when it's available. I think most people are because you are literally saving 2% of your money by doing this.

Where is best, most secure way to buy REQ?

>>7218059
Radar Relay

Its a damn shame the price for this one is so low. Its a great project. You know why its so low though? The supply is fucking ridiculous, that's why. Too big, ruined it. Just like OP's bootyhole

>>7217911
I actually notified one of the biggest Euro electronics stores, which already accepts bitcoin, about Request Network. Got a response that it was passed down to technical department, so hopefully they'll look into it. I am pretty sure though they'll be able to implement it only once REQ allows for exchanging crypto->fiat, because of tax purposes.

>>7218105
Hush pajeet.

>>7217865

dude you're delusional

>>7217865

the company is doing what it said! they are working on the project they are supposed to be! GREAT NEWS! I mean for crypto it is something I guess but cmon

>>7218183
All that I've said in that post is objective confirmed facts though. Read the news update.

The only thing that is subjective is "This shit will moon to heaven when they actually start to make money and the burning of tokens starts to happen". All the other parts in that post are pure objectively confirmed facts.

>>7218111
>one of the biggest
700 million € revenue last year btw, so no street corner shop.

>>7218205
It means that they are more likely to actually be able to achieve what they set out to do. (Which is a VERY ambitious goal).

The price of REQ right now is just betting how likely they are in succeeding at their mission. If they become closer to reaching their goals the risk that they'll fail goes down. Updates like this confirm that they are succeeding right now which means that holding REQ becomes less risky and thus should have a higher valuation. That's how trading in stocks work. Crypto is overinflated due to being in a bubble right now but the fundamentals should be the same.

>>7217911

It's cheaper.

If it's fast and slick, then this thing has an obvious and intuitive use case.

>>7218583

lmao dude more likely because theyre confirming what they literally have to do as a company? whats wrong with REQmarines

>>7217680
>REQ partners with a no name company/
>implying the partnership was the best thing about this update
If you're gonna FUD, at least put some effort. Otherwise I have to assume you're too brainlet to discuss the awesome technical progress the update has stated.

>>7215732
why don't people see the potential? why is this worth so little

>>7216319
>what is a credit card

REQ holders, come discuss your investment. >>7218728

> redditors on 4chan still not realizing there are other working products in crypto that do the same thing but better

>>7216667
>>7217521
are you trolling? This is just checking the tx status. It can be pending for an entire day and FAIL in the end. How is that big?

I’m the guy that wrote the original Stacey FUD pasta, please God let those retards believe this coin is shit while we accumulate it. This has the potential to be THE payment system. Fuck this thing seems so undervalued.

>>7219244
Tell me how the transaction can fail.

>>7219114

let's say this thing takes off. the "paypal 2.0" thing is real. i'm a merchant. i sell you something for $20.

you "pay with req" and pay in bitcoins, but i don't accept bitcoins. only cash.

does the REQ network convert bitcoins to cash for you, and deliver me dollaroos?

>>7218105

It gets burned over time though, when you factor that in it's not that bad compared to other coins.

I held on to REQ from 5 cents to 70 cents, and I shilled it hard as fuck. So don't consider this FUD.

You guys do realize that the thing we've always said makes REQ great, which is the exchange of crypto-crypto and fiat-crypto isn't what REQ itself does, right? REQ is just for requesting a payment, that's it.

0x and Kyber Network are the ones that actually makes the exchange between currencies, not REQ. REQ just intends to utilize them.

>>7218183
>>7218248
Nothing was delusional, those were all facts taken from the REQ release.

>>7219509
correct

>>7219509

Yes it does through the kyber/0x networks.

Crypto-crypto, Fiat-Crypto, Crypto-Fiat and Fiat-Fiat conversions will be possible.

That's why I think it would be cool if ICOs used request for funding - anyone could use any coin they had to fund ICOs without the need to convert to ETH or BTC, it would then convert these funds to ETH or BTC or Fiat for the ICO who was raising money

>>7219239
Name them.

>>7219562
>>7219590

who foots the tax bill? so now on your tax return you've got to list and pay % gains on every single thing you've bought by converting your BTC into cash?

>>7219635
>taxing crypto when paying for shit
The state of taxcucks.

>>7219546
yeah and banks actually do transfers, PayPal just utilizes them
if something is streamlined it'll be better

>>7219671

so.. you don't know? anyone else know?

REQ can't be the way to avoid paying capital gains taxes. it won't work like that for americans.

you can't buy groceries with Apple stock.

>>7219769

It's not a way to avoid tax. In fact, it will have options for automatically paying taxes built in.

I assume with current regulation in the USA you would have to pay taxes if you spend crypto.

>>7218751
Are you 15? Probably.

They're announcing achieved milestones. This is a good thing. They're not "pushing things off" or "reworking the milestones" because they had good initial estimates and are meeting them.

>>7219635
The REQ network has functionality to automatically deduct tax payments.

>>7219769
You put your VAT ID number when you convert crypto to fiat through REQ

>>7219881
>burgers willingly getting raped by their gubment
Land of the free was it? Or home of the brave?

>>7219881
>>7219936

so you're going to be paying sales tax and crypto tax? so now people will have to keep tax return receipts for every transaction they make? and keep them all seperate depending on which crypto they're paying with?

>>7215732
Man this turns me the fuck on.

>>7215732

Just look at the fucking pinned tweet on ethfinex official twitter. They know.

Awesome awesome update

>>7217911
ofcourse, i think im going to cash out some of my crypto gains with the app if possible

>>7220393
>Vindt dit leuk

Why are most of the big REQ and LINK holders Dutch?

>>7217911

this is my question, too.

if i had the option to pay with ETH i wouldn't do it, because i bought ETH for dem gains. not for a couch on craigslist.

i suspect the majority of people are in the same boat.

>>7216336
Private storage
1 prl 64gb+

Store your memefrogs privately

>>7220393
Screen shot me sub.

just bought 11k

my boys have been giving me a hard time about holding these bags but i think it'll have a big year

>>7217727
>> he doesn't think REQ can hit a 15B cap by EOY.

TOP. KEK.

>>7218059
bought mine from binance, its pretty secure

>>7220167

someone know this one? seems like a nightmare come tax time unless i'm missing something.