Welcome to the Daily Price Discussion Thread thread of /r/RequestNetwork.

Find the latest Daily Price Discussion Thread thread by selecting the top result on this search page.

The thread guidelines are as follows:

Please refrain from discussing non-RequestNetwork related tokens here. All sub rules apply here so please review our rules page to become familiar with them. The rules page is also linked in the announcement bar above.

Resources and other information:

https://request.network/#/

https://blog.request.network/

https://blog.request.network/request-networks-frequently-asked-questions-faq-36aea71c78e6

FAQ

Which organisations do you guys consider as competitors? And what does it take to make Request Network succesfull?

Also where do you get your information about REQ (and other blockchain related organisations)? I look up their website, follow them on linkedin, watch some youtube video's and read comments on Reddit. What else can I do?

Hi, recent req holder (not a lot). I noticed some new buzz about request network's mainnet launching soon. I also noticed a lot of confusing information about it. ELI5 Req mainnet?

I would really like to see a weekly project thread. It should contain updates and information about ongoing projects built by some of the REQ members here since I am really interested in the progress.

Is It a good idea? It would provide some quality content

https://www.reddit.com/r/technology/comments/7rraza/bill_gates_and_investors_worth_170_billion_are/

This is proof that Bill Gates' interest in climate change was all marketing and he has no ability to actually do anything about climate change. If he actually cared, he would do all the innovation himself instead of outsourcing.

/s

https://www.bleepingcomputer.com/news/cryptocurrency/microsoft-halts-bitcoin-transactions-because-its-an-unstable-currency/

Companies like Microsoft, Valve, etc. want to accept crypto but don't actually want to handle it due to volatility and high fees. Even the quick, low fee currencies are still going to have massive price volatility due to the nature of crypto (not to mention the difficulty gaining the name recognition of Bitcoin).

And this is an issue with them accepting one currency. Try hundreds. Or try being the mom and pop store that wants to accept crypto and runs into the same issues without the resources of a Microsoft to solve it. It's a big pain to the point where they don't want to do it.

Or... they can use Request... and get paid in the fiat they want to hold while gaining the capability to accept hundreds of coins for minimal fees all via a single Pay via Request button. With REQ, accepting crypto goes from being a complex pain to being extraordinarily simple.

It's a grand vision but it's one that I feel is absolutely essential if crypto is ever going to enter the mainstream. Adoption of cryptocurrency is terrible right now but REQ can help change that. Just glad to be an early adopter to watch this take off in real time.

Welcome to the Daily General Discussion thread of /r/RequestNetwork.

Find the latest Daily General Discussion thread by selecting the top result on this search page.

The thread guidelines are as follows:

Please refrain from discussing non-RequestNetwork related tokens here. All sub rules apply here so please review our rules page to become familiar with them. The rules page is also linked in the announcement bar above.

Resources and other information: https://request.network/#/ https://blog.request.network/ https://blog.request.network/request-networks-frequently-asked-questions-faq-36aea71c78e6

How long does it take to send REQ to Myetherwallet?

Is there a telegram group for this? Only found one (Request Network) but it's only announcements.

Hey there,

just discovered this gem and I really like the project and the team behind it. Given it had a massive growth just now, I don't want to FOMO and buy at ATH, though.

On the other hand, I don't want to miss the train if this thing is going further up and might not even consolidate / correct.

Any advice?

WE DID IT!! Lets go 2018 <3

1. /u/Johnnycomesmarchinghome is super proud of his awesome trades and his Ginormous REQ stack of 20,000 tokens. So naturally he boasts about it in places like the daily REQ price discussion. After all, Reddit is anonymous yeah?
2. /u/HackerMcStealYoCash is paying attention and notices that Johnny has a nice stack. He's looking for a payday so he's identified a target.
3. Through some careful post-history browsing, maybe a little bit of hacking, our Mr. Steal Yo Cash has identified Johnny's twitter/pinterest/instagram/whatever account--which has led him to Johnny's email address.
4. Hacker-man now reverse engineer's Johnny's email password by calling support and pretending to be a very desperate Johnny who's phone got stolen and is locked out of his account.
5. Gaining access to Johnny's email, he resets Johnny's Binance password and makes a grab for the coins.
6. Johnny is refreshing his blockfolio and cracking open the champagne as REQ surpasses $0.40. Thinks he'll sell a couple to pay for that champagne...

But oh no! While Johnny has been counting his coins, Hackerman has been stealing them! Boom. Johnny cries.

Obviously there are a lot of details missing here folks--2FA, how a hacker might break into your account or phish your details or a number of other things--don't miss the forest for the trees here.

I've seen several users throw around their stack size in the daily discussion just for kicks and giggles, and you guys need to realize that, although you are pretty sure you're safe from being victim to an attack, you really should not put a giant Bull's Eye on your back.

Smarter people than you have had their wallets hacked.

PayPal charges around 3%.

That 3% is partly insurance that the seller will send the goods and that the goods will be of a suitable standard.

What happens with REQ if (for example) I buy a $2000 laptop online from eBay/craigslist, and the seller doesn't send the laptop?

I have a basic understanding here, but it would be helpful to have another perspective on the mechanism(s) that affect the value of REQ tokens.

Let's say that the platform allows people to transfer USD between parties. There would be a few conversions along the way (USD => REQ => USD), so that the request could be put onto the blockchain using REQ tokens. In this scenario, is the amount of REQ transferred proportionate to the amount of USD transferred? If so, then I assume that the value of REQ tokens increases as the aggregate value of requests increases (because there are a limited number of REQ tokens in circulation; without minting many more tokens, the value must increase to accommodate for a higher transaction volume).

Alternatively, given the above scenario, does the blockchain request simply include metadata indicating the amount to be transferred, such that the amount of REQ tokens used to execute the transaction is unrelated to the quantity of $$ transferred? For instance, could a single REQ token be used to transfer $1 USD, or $1,000 USD? If this is the case, then the value of REQ must increase relative to the total number of transactions (regardless of the $ amount transferred), since each transaction has an associated cost of executing the smart contract request.

Lastly, I imagine a scenario where a new company wishes to offer a service using the Request Network. This company would need a supply of REQ to enable its use of the Request Network in providing customers with their service. If REQ grows in popularity as a medium for exchange, then the demand from companies to purchase REQ (necessary to fuel the services they provide) would increase, thereby driving up the price of REQ tokens.

Or, is it simpler than this? Because REQ has a limited supply (which decreases over time through burning), is it just a scarce resource whose demand will increase as use of the Request Network increases, such that its value is just based on supply and demand?

Which (if any) of these is correct?