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FnTigers
LSU Fan
Member since Sep 2021
105 posts

HEX (Blockchain Certificate of Deposit)
HEX.COM

I'm here to answer all of your questions.

Quite a bit of guys here are HEX millionaires.

Hex is outperforming Bitcoin ROI from launch.

Proof (Hex vs BTC)

Hex is outperforming ETH ROI from launch.

Proof (Hex vs ETH)

Where is HEX going? This shows regression rainbow and Fibonacci model.

Regression Rainbow/Fibonacci Model

"HEX is the first Blockchain CD
CDs, known as Certificates of Deposit or Time Deposits, are worth Trillions of dollars. CDs are worth more than gold, credit card companies, and cash."

"CDs, known as Certificates of Deposit or Time Deposits, are worth Trillions of dollars. CDs are worth more than gold, credit card companies, and cash. CDs pay higher interest than savings accounts, requiring money be deposited for a fixed time."

"Banks profit on poor customer service, early withdrawal fees, and auto-renewing you at worse rates. They pay pitifully low interest. New money is printed all the time, making yours less valuable. HEX replaces inefficient currencies, banks and payment networks with verifiably secure peer-to-peer technology. HEX has outperformed Bank CDs because it's nothing like a Bank CD. HEX monetizes the time value of money in a totally new way. In HEX, you're the bank."

"HEX users value their independence and security. Which may be why, at writing, HEX is one of the most popular coins traded in decentralized exchanges, where there is no signup, and no counterparty risk. Because it's on-chain, you can inspect every address, seeing when it bought or sold, whether it has HEX stakes open, when those stakes expire, what other coins they hold, everything!"

"HEX has had 2 independent security reviews and 1 economics review. Bitcoin for instance has none. HEX solves one the most dangerous bugs Bitcoin and other cryptocurrencies have had because HEX's consensus code can't be edited. Bitcoin has had 2 bugs where someone could mint as many free Bitcoin as they wanted. One bug was exploited and the other was caught in time."


This post was edited on 9/15 at 4:38 pm


lsu777
LSU Fan
westlake
Member since Jan 2004
19043 posts

re: HEX (Blockchain Certificate of Deposit)
this should go well


el Gaucho
LA-Lafayette Fan
bawcomville
Member since Dec 2010
44372 posts

re: HEX (Blockchain Certificate of Deposit)
Oh shit

Hex thread

Let me grab my fedora


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302
FnTigers
LSU Fan
Member since Sep 2021
105 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

this should go well

It will if people have an open and honest discussion.


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42
TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
78053 posts

re: HEX (Blockchain Certificate of Deposit)
CDs in a traditional sense return interest. Does HEX do this same? What is the going rate?


FnTigers
LSU Fan
Member since Sep 2021
105 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

CDs in a traditional sense return interest. Does HEX do this same? What is the going rate?


HEX gives you 2 things.

Capital appreciation + yield

Your interest is paid in hex.

I'm averaging around 37% because I'm staked long-term.



KillTheGophers
Yale Fan
Member since Jan 2016
5060 posts

re: HEX (Blockchain Certificate of Deposit)
This house of cards will crash one national level regulatory oversight steps in to protect the fiat currency.



lsu777
LSU Fan
westlake
Member since Jan 2004
19043 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

HEX gives you 2 things.

Capital appreciation + yield

Your interest is paid in hex.

I'm averaging around 37% because I'm staked long-term.


how does hex earn the capital to provide said interest?


FnTigers
LSU Fan
Member since Sep 2021
105 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

This house of cards will crash one national level regulatory oversight steps in to protect the fiat currency.
It's global. How can it be crashed?

It's also immutable. It's a complete product. It's not promised development. It has NO admin keys. It can't be stopped, not even by the founder.

The interest is paid in the coin. It's bitcoin with a Proof of Wait system.

Bitcoin miners receive the inflation.

Hex stakers receive the inflation.



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72
boomtown143
USA Fan
Merica
Member since May 2019
5538 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

how does hex earn the capital to provide said interest?


Your interest isn't paid in fiat. You are paid in hex.

When you are “staking” all you are doing is mining hex. You are then paid in hex when your stake ends.

Once your stake ends, the current market (people buying and selling) determines how much a hex is worth. You can sell the hex, just hold it liquid, or even restake the hex to earn more hex again.
This post was edited on 9/15 at 10:04 am


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Ross
Auburn Fan
Member since Oct 2007
44877 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

This house of cards will crash one national level regulatory oversight steps in to protect the fiat currency.




I'm not a HEX guy but you crypto doomsdayers have got to cut this shite out

these tend to be decentralized international networks that you cannot stomp out and even with strict oversight, neither on the network side or the end user side.


FnTigers
LSU Fan
Member since Sep 2021
105 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

how does hex earn the capital to provide said interest?
This is a really good question.

No capital is earned or needed to pay for anything. Hex is math. You have to think about Bitcoin mining to understand Hex.

I posted above why. Bitcoin is inflationary as well as Hex. Inflation goes to the miners in bitcoin and the stakers in hex.

It's a product of the system and design of the product. It doesn't borrow money from anyone. You mint your own coins in your individual relationship with the smart contract.


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41
FnTigers
LSU Fan
Member since Sep 2021
105 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

I'm not a HEX guy but you crypto doomsdayers have got to cut this shite out

Thanks Ross.

I really want to have a good and open discussion here. Everything is on the table.

We need to figure out how to work together to learn. Many good opportunities are lost because we troll instead of hearing people out. I am guilty of that and I want to do better to help make this board better.


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81
Ross
Auburn Fan
Member since Oct 2007
44877 posts

re: HEX (Blockchain Certificate of Deposit)
Can you briefly go over the tokenomics of HEX? Fixed supply/fixed rate of inflation? That kind of thing.

What governs the rate of return in HEX that you get on this CD?

What is the method of consensus? You are staking coins so I'm guessing it is something like PoS?

Where do you tend to buy the token? I see its ERC20 so I'm guessing Uniswap?


I'm not entirely sure this warrants a separate thread from the main crypto thread, either. But I don't make the rules.
This post was edited on 9/15 at 10:11 am


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8186 posts

re: HEX (Blockchain Certificate of Deposit)
There is one glaring difference I have not yet captured.

In the real world deposits provide liquidity.

With Hex, it is just locked away. To where?

When I get a traditional CD, they use that money and agree to pay me back at X rate.

With Hex, and please tell me if I am wrong, coin's are locked and burnt? in a smart contract with a return on interest at a given time period. During this time, the coin does what?

So as I see it, the only value is beholding to people just holding for whatever reason because the coin has no use other than to hold it?

With no utility value it seems to me that while some and even many will win, there just has to be some massive losses.

I was reading the Original address holds 45% of all HEX? Is this true? LINK

quote:

So far we’ve established that Richard will likely make over $100 million in ETH and control 45% of all HEX after the first year. Unlike in Bitcoin where the high initial inflation rate quickly diluted Satoshi and other early adopters, HEX will only have at most a 3.69% annual inflation rate once the initial launch phase ends, so Richard’s stake will never be diluted. In fact, with the “Bigger Pays Better” bonus that pays large holders an additional 10% on their stake, his share of HEX will only increase over time.

There is an additional benefit the Origin Address receives, though, that may be even more significant than the benefit Richard receives from allotting himself 45% of the entire HEX supply. As the holder of the Origin Address, Richard gets paid half of all HEX reclaimed by penalties.


quote:

While all of the bonuses and high interest rates are the carrots designed to get you to join HEX and stake your tokens, there are two penalties that function as sizable sticks. The first is that stakes cannot be ended prematurely without incurring a penalty equivalent to half the profit you would have made from staking for the entire period (this can even erode your capital). The second is if you leave your HEX unstaked — you forget about it, you go on holiday and can’t access them, you get hit by a bus — another penalty mechanism kicks in and you start bleeding out as your HEX is gradually drained.

If you’ve only perused the Hex website, you might think that all of this penalized HEX goes to stakers, but in reality half of it is going to Richard’s Origin Address, while the other half is divided amongst the pool of every other staked participant. But remember: Richard not only possesses the Origin Address but will also comprise at least 45% of all the HEX in the staking pool after the first year. So say someone ends their stake early and is penalized 1 million HEX, Richard receives 775,000 HEX himself, leaving only 225,000 coins to be divided amongst the thousands of other stakers.


I am not trying to FUD this up, but to this day, I have not seen a valid explanation for this...
This post was edited on 9/15 at 10:11 am


SuddenJerk
New Orleans Saints Fan
Member since Oct 2017
626 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Where do you tend to buy the token? I see its ERC20 so I'm guessing Uniswap?

Uniswap
Matcha.xyz
1inch.io
Or straight through metamask, usually higher fees, but worth it to check.


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FnTigers
LSU Fan
Member since Sep 2021
105 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

I'm not entirely sure this warrants a separate thread from the main crypto thread, either. But I don't make the rules.
Why not? It was requested in that thread. Also, this provides a clear discussion of the facts in a concise manner. I honestly wish we did this more often with specific coins.

quote:

Can you briefly go over the tokenomics of HEX? Fixed supply/fixed rate of inflation? That kind of thing.
3.69% inflation is paid to stakers. Currently, around 10% of Hex is staked so that gives stakers 37%. As the number of stakers increases over time, that number will go down, but price will go up faster imo to offset any lack of gains in interest.

Also, stakers receive 50% of all EES (Emergency End Stakes). So we get inflation guaranteed as a product of the system as well as the dynamic nature of the EES.

quote:

What governs the rate of return in HEX that you get on this CD?
I answered this above.

quote:

Where do you tend to buy the token? I see its ERC20 so I'm guessing Uniswap?
Uniswap, matcha.xys, 1inch.io are some of the more popular places.


METAL
Member since Nov 2020
510 posts

re: HEX (Blockchain Certificate of Deposit)
EES ends up being a nice chunk.
This post was edited on 9/15 at 12:15 pm


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8186 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

What happens to the other half of EES penalties?


I believe tot he Original Address (OA).


FnTigers
LSU Fan
Member since Sep 2021
105 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

With Hex, and please tell me if I am wrong, coin's are locked and burnt? in a smart contract with a return on interest at a given time period. During this time, the coin does what?

So as I see it, the only value is beholding to people just holding for whatever reason because the coin has no use other than to hold it?

With no utility value it seems to me that while some and even many will win, there just has to be some massive losses.

I was reading the Original address holds 45% of all HEX? Is this true?


Yes, the coins are burned until your stake matures, then your principle plus interest is minted. This is amazing for price performance.

Utility? It monetizes the time value of money. It's bitcoin with much better pumpamentals. Store of value. Stakers protect the price whereas btc miners dump the price.

The OA owns a lot more than 45%. To pretty much everyone in Hex, this is a feature and not a bug.

Richard was a billionaire long before Hex. Majority of crytpo founders that dump on peoples heads are the opposite. They don't have a lot of money. Richard doesn't need Hex to survive. Ever. He has enough ETH/BTC/USDC to live an unbelievable life. So honestly, he'd buy Hex and pump the price way before he'd ever sell it.


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