Hey chan bros and Req bros, I want to offer you some advice involving Req Tokens. You have all giving me so much in the past with so much insightful information, I figure it’s time I give everyone here some educated advice. If you hold request tokens, I would consider an exit strategy within the next few days. As for people considering an entry point, if you buy in you'll soon find yourself regretting it.
Over the weekend Request Token price suffered yet another big drop that would have shaken weak hands, but those battle-hardened hodlers would have scoffed at the paltry 38 percent drop. However, under the surface, Request Network’s alarm bells were close to sounding as the volume fell below 120.
As terrifying as the name sounds, what exactly is a ‘network death spiral?’
The Request network currently adds a new bundle of requests, known as a “req blocks,” roughly every 10 minutes. The exact time is determined by how long it takes for an auditor to process a block of transactions. This, in turn, is set by something called the “difficulty” on the network.
Difficulty automatically adjusts itself to match the volume so that transactions won’t take too long. But the difficulty only adjusts every two weeks, so, if the volume suddenly plummets the difficulty could be rendered too high for processing power on the network. This in turn could mean severe delays in completing Request transactions.
This was felt and mentioned by many over the weekend and currently leaves Request Network on the cusp of a catastrophic failure.
What's with the 10 req FUD threads, this makes me wanna max my credit card out
Noah Sanders
I've noticed there were 9 Req tokens that were burned today. Req a working product and slowly getting adoption. Plus PwC is shilling it on their Twitter.
It's either whales suppressing to have more token burn im the long term. Or its Wall Street. They want to continue to cook the books with old accounting systems and never want to see Req succeed.
>The Request network currently adds a new bundle of requests, known as a “req blocks,” roughly every 10 minutes. The exact time is determined by how long it takes for an auditor to process a block of transactions. This, in turn, is set by something called the “difficulty” on the network.
REQ only needs 250 million in transactions on the network to get 600 million tokens burned. Paypal handles more than that a day. Just wait a year after mass adoption, you can sell your REQ for 100 a pop
Wyatt Long
brainlet here, what happens when all req tokens are burned, cant use REQ anymore?
Grayson Bell
They are mined when Ethereum is mined.
Henry Barnes
The burn slows down as the price goes up on the coin
Michael Lopez
oops, I mean 600k
Ian Cooper
So much fud. Maybe I should finally buy in
Wyatt Myers
peequest haha pooquest
Mason Ramirez
Oh I didn't know actually building applications on top of blockchains is pointless. Thanks user!
Kevin Parker
thanks, picking up more REQ.
Juan Johnson
I want to throw $15K more to this but I have already maxed out my credit card AAAAAAAAAAAAAAA
Isaac Thomas
when moon? are the whales just waiting for news big enough to pump the price?
Grayson Clark
With FUD such as this, one could only imagine how an utter shitcoin like XVG survived with 10 btc volume/day on Binance 6 months ago
Jaxon Torres
This.
Wyatt Smith
Where can you even still buy BTC or ETH with a credit card now? I'm in New York, any sites other than Coinbase?
Aaron Thompson
150K REQ and comfy as fuck.
Angel Powell
IF REQ DOESN'T HIT $20 BY EOY I FUCKING KILL MYSELF
Connor Ward
Unironically move to any other state. Jew york pozzes you for coinbase t. Jew jersey user who still does cc purchases
