Posted by
Message
SuddenJerk
New Orleans Saints Fan
Member since Oct 2017
633 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Yes. No one has been scammed yet and why would they?
You tell us? Why would any ceo/creator want to burn their company to the ground? Rich people already have money, they want respect/fame/notoriety. In the few months that I have followed hex I have seen why people get defensive about it. I have seen youtubers, journalists, etc that have once thought like you and called it a scam and I have seen more and more of those people change their thinking and admit that they were wrong.
quote:

You guys keep pumping money to Richard.
How are we pumping money to Richard? I would like to hear your explanation on this. I think I know why you think that, but I’d like to hear it again.
quote:

Yea. You early adopters will make money, but the way this is built, late additions are going to lose bigly.
How is that? Like any investment as long as people are interested and invest then it keeps going just the same as any investment.
quote:

It’s only option is to have new buyers.
Just like any other investment right?
quote:

Hex does nothing own its own and Richard (OA) has all the power.
No different than any other business owner.
quote:

In every other application on this planet having a single point of failure is bad. But not with HEX apparently. That is why you guys pump it so hard.
Having a certain level of trust is a personal choice. Maybe to my detriment, but I find comfort that the creator has a majority say that he can protect his project instead of letting whales dump on the average investor as seen in the stock market every day. Could RH rug pull? Sure he could, I just don’t see a reason to do that, you don’t agree with that and that’s fine. But there is no need to bicker about it. I don’t see anyone pumping hex hard on this board, this thread was created to educate people that may be interested.


slackster
Stanford Fan
Houston
Member since Mar 2009
74915 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

No one is complaining about Bezos's ability to 0 Amazon if he decided to sell all of his shares.


Because he couldn’t.

This apples to oranges defense isn’t exactly a vote of confidence.


SuddenJerk
New Orleans Saints Fan
Member since Oct 2017
633 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

This apples to oranges defense isn’t exactly a vote of confidence.

You still think hex is a fork, go away


slackster
Stanford Fan
Houston
Member since Mar 2009
74915 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

You still think hex is a fork, go away


Huh? I haven’t said anything about that.

My only comment on any of it has been than a single owner has a majority position. That’s a risk that isn’t really present in the vast majority of stocks. People talking about Bezos or Gates like they’re akin to RH are clueless. That’s all I’ve said.


FnTigers
LSU Fan
Member since Sep 2021
182 posts
 Online 

re: HEX (Blockchain Certificate of Deposit)
quote:

My only comment on any of it has been than a single owner has a majority position. That’s a risk that isn’t really present in the vast majority of stocks. People talking about Bezos or Gates like they’re akin to RH are clueless. That’s all I’ve said.

Good. Don't invest!


Replies (0)
Replies (0)
31
tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
7455 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Because he couldn’t.


Bezos owns 11% of Amazon stock. The average daily volume of Amazon is 2.64 million shares worth $9B. If Bezos hits sell with his 55.5 million shares, he zeros AMZN.


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8290 posts

re: HEX (Blockchain Certificate of Deposit)
Amazon is a company that generates a profit. Hex doesn’t do any of that.

If Bezos wants to sell all his shares people will line up to own it.


If Richard dumps, your fantasy is over.


You guys have the worst comparisons.
This post was edited on 9/17 at 11:06 am


Replies (0)
Replies (0)
35
slackster
Stanford Fan
Houston
Member since Mar 2009
74915 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Bezos owns 11% of Amazon stock. The average daily volume of Amazon is 2.64 million shares worth $9B. If Bezos hits sell with his 55.5 million shares, he zeros AMZN.


Jesus Christ.

If Bezos hits sell there would be ample buyers lining up a lot higher than zero.


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8290 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

You tell us? Why would any ceo/creator want to burn their company to the ground? Rich people already have money, they want respect/fame/notoriety. In the few months that I have followed hex I have seen why people get defensive about it. I have seen youtubers, journalists, etc that have once thought like you and called it a scam and I have seen more and more of those people change their thinking and admit that they were wrong.


You guys are all over the place. You just say things and compare things yet never have seemed to read the fine print.

So now HEX is a company?

Here is the HEX disclaimer:

There is no common enterprise, there shall be no expectation of efforts of a promoter or third party. There is no expectation of profit from the work of others. People pay the Ethereum network to execute computations of their choosing, on their own. There is only an immutable compiled bytecode sitting on the Ethereum network. It can't be changed. They're just numbers living on the Internet. The code can do nothing on its own. People can run the code if they want to, or not. The code can do nothing on its own but sit there.

quote:

How are we pumping money to Richard? I would like to hear your explanation on this. I think I know why you think that, but I’d like to hear it again.


You give the ETH address your ETH and he, oh I mean uh HEX gives you HEX. This is how it works. HIS OA also receives HEX via numerous ways from HEX "investors". Its in the code. Plain as day.

quote:

Just like any other investment right?


No. If everyone stops buying HEX, its worthless. Why is it worthless? because HEX is designed so that unless more people buy, it has NO WAY to generate yield via staking.

Sure, you can mint new coins but if no buyers it dilutes your precious stack. You have no means to generate a return because HEX does nothing as stated above. Its only mechanism is for more sheep, I mean people, to buy. While in theory this is still "ok", what makes it severely "not ok" is the extreme ownership of the OA.

Unlike Bitcoin, HEX relies on an ETH swap to mint. The problem with this is that, again, you basically already have a built in 51% attack, the OA. I am amazed you guys dont realize this.


quote:

No different than any other business owner.


Again, HEX is not a business and generates zero value and zero profit.

Also, unlike an actual business that turns a profit, such as the Amazons you guys like to compare to. Amazon will still generate a profit regardless if no one buys a single share, because you know, it has real value...

quote:

But there is no need to bicker about it. I don’t see anyone pumping hex hard on this board, this thread was created to educate people that may be interested.


I am actually not bickering. I am pointing out to other would be investors the major security risks present.


Also, I never once said anything about denying that you can make money with HEX. Crypto is a fricked space. You can make money with digital monkeys and lamas, but I believe that on this forum where people share information its just good courtesy to warn people in a space that has burned so many.

Ya'll can get mad at me, but nothing I have said is false.

inbeforedoyourownresearch
This post was edited on 9/17 at 12:07 pm


METAL
Member since Nov 2020
522 posts

re: HEX (Blockchain Certificate of Deposit)
You talking about HEX specifically or crypto all together?


Replies (0)
Replies (0)
30
TD SponsorTD Fan
USA
Member since 2001
Thank you for supporting our sponsors
Advertisement
tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
7455 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

If Bezos hits sell there would be ample buyers lining up a lot higher than zero.


Once again identical to HEX.

At this point just say you don't like HEX. That would be the best argument against HEX in this entire thread.


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
7455 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

If everyone stops buying HEX, its worthless.


Replace the word HEX for: stock, option, commodity, real estate, etc. and it becomes worthless. Can you please stop Googling your talking points and think about what you are saying before you say it?


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8290 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Once again identical to HEX.

At this point just say you don't like HEX. That would be the best argument against HEX in this entire thread.



That is not true.

HEX is effectively a yield farm token with no utility.

You need liquidity to sell and buy. The thing about rug pulls is once its pulled, someone has to risk an underlying asset to provide liquidity again. Otherwise your token just sits there. Or as Richards says, "some numbers in a database".

I see this all the time on DEFI exchanges when noobs try to swap tokens for the latest meme coin and realize they lost 95% of their initial funds to slippage because of a lack of liquidity. They get on reddit and are confused why their funds evaporated and get a lesson real quick.

Stock shares do not operate like this.
This post was edited on 9/17 at 1:57 pm


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8290 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Replace the word HEX for: stock, option, commodity, real estate, etc. and it becomes worthless. Can you please stop Googling your talking points and think about what you are saying before you say it?


Again not true.

Hex has no underlying value. It is only propped up by the initial liquidity. The Etherscan data is there. You can go look.

Stocks are a position in a company; also known as equity. Hex is not a company nor a commodity with any real value.

This post was edited on 9/17 at 2:01 pm


Replies (0)
Replies (0)
23
tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
7455 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

HEX is effectively a yield farm token with no utility.


Hex has more utility than ADA, so there goes that argument. DOGE has more utility than ADA, so that's not saying much. Hex's utility is that it's a CD. What other utility does a bank backed CD have?

quote:

You need liquidity to sell and buy.

The 19th most liquid pairing on Uniswap is HEX/USDC.

You are once again busted Googling your talking points. Do your own research. Why do you keep believing these retarded Reddit posts?

This post was edited on 9/17 at 2:12 pm


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8290 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Hex has more utility than ADA, so there goes that argument. DOGE has more utility than ADA, so that's not saying much.


HEX is an ERC20 token that has to be swapped to sell.

ADA is its own chain.

You should just go ahead and stop.


quote:

The 19th most liquid pairing on Uniswap is HEX/USDC.

You are once again busted Googling your talking points. Do your own research. Why do you keep believing these retarded Reddit posts?


And it can get pulled at any time. That is rug pull risk is my guy.....

If someone dumps a shite load of coins, like a whale, hmmmmm wonder who owns the most, liquidity providers start racking up impermanent loss. They aren't just going to eat it.

SOOO many examples of this in the defi space and when you dig into HEX it makes it that much more scary. What is worse, is that then you guys who have it "staked" will get a penalty for pulling out early ontop of the rug pull.

You say I am wrong but cant prove any of it untrue.

I am fully aware of how swaps and liquidity works.

This post was edited on 9/17 at 2:19 pm


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
7455 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

And it can get pulled at any time. That is rug pull risk is my guy.....

If someone dumps a shite load of coins


Bruh stop using this garbage argument. We have already gone over this. Amazon can go to zero if 1 person sells a fraction of their holdings.

With only the data I provided via Uniswap, HEX is the 19th safest investment of any coin on the ETH blockchain. It's actually better than 19th, but we can stick with 19th for your moot point.


quote:

ADA is its own chain.


Thousands of tokens are their own chain and are worth 0. This point means nothing. DOGE has more utility than ADA.
This post was edited on 9/17 at 2:26 pm


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8290 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Bruh stop using this garbage argument. We have already gone over this. Amazon can go to zero if 1 person sells a fraction of their holdings.



No it cant for a variety of reasons. Please stop using the stock reference.


quote:

With only the data I provided via Uniswap, HEX is the 19th safest investment of any coin on the ETH blockchain. It's actually better than 19th, but we can stick with 19th for your moot point.


Its uniswap ranking doesnt mean its safe. I am talking about the risks present. It could be #1 and the risks are still there by "its inherent design".

You are either ignorant or just being obtuse. Sounds to me like you just swallowed all of the marketing material and never actually dug into any of it.


This is a HEX thread. You guys wanna talk about all the "good" but leave out the risks.
This post was edited on 9/17 at 2:39 pm


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8290 posts

re: HEX (Blockchain Certificate of Deposit)
Anyways I'm out for a bit. Have a good one.


Replies (0)
Replies (0)
01
tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
7455 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

quote:
Bruh stop using this garbage argument. We have already gone over this. Amazon can go to zero if 1 person sells a fraction of their holdings.


No it cant for a variety of reasons. Please stop using the stock reference.


Bezos could sell until Amazon reaches zero. Let Amazon settle out, sell it down to 0 again, and again, and again, and again.

Look these things up before you speak. You did a quality job Googling reasons to not buy HEX.


Replies (0)
Replies (0)
21
Jump to page
Page First 11 12 13 14 15 ... 21
Jump to page
first pageprev pagePage 13 of 21next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram