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boomtown143
USA Fan
Merica
Member since May 2019
5538 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Richard will maintain his share. He can even sell it all and it will eventual go back to 45%+ based on the code. He would never have to buy another coin after selling it all and he will get 50% of all penalties etc.

Everything above you mentioned does not work like that.


No argument for SOL or eth?

Pretty non sensicle argument. How much do you think he’s make in the penalties after he dumps on people? $0 bc no one would be buying.

Always the “IF’s”.
This post was edited on 9/15 at 10:55 am


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8128 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

No argument for SOL or eth?

Pretty non sensicle argument. How much do you think he’s make in the penalties after he dumps on people? $0 bc no one would be buying.

Always the “IF’s”.


ETH and SOL do not have this written into their code.

I am trying to have a real discussion about what makes HEX different....


FnTigers
LSU Fan
Member since Sep 2021
75 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

real discussion about what makes HEX different....
Proof of wait. Monetizes the time value of money. Pumpamentals built in to make the chart go "up and to the right" forever. Always meat on the bone for new people coming in. You can argue about the centralization of ownership, but that's something you have to deal with among all top coins. I trust RH a lot more being he's a billionaire as opposed to some of these other founders who have to sell their bags ala Vitalik. RH ain't selling Hex and he ain't selling pulse when that comes out.

We can have the same info and make different investing decisions. For me and most Hexicans, that is a huge benefit for price. For some, it isn't something that they like.


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8128 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Proof of wait. Monetizes the time value of money. Pumpamentals built in to make the chart go "up and to the right" forever. Always meat on the bone for new people coming in. You can argue about the centralization of ownership, but that's something you have to deal with among all top coins. I trust RH a lot more being he's a billionaire as opposed to some of these other founders who have to sell their bags ala Vitalik. RH ain't selling Hex and he ain't selling pulse when that comes out.

We can have the same info and make different investing decisions. For me and most Hexicans, that is a huge benefit for price. For some, it isn't something that they like


I appreciate you being honest and not hiding from the rules of Hex. Most of the time it get dismissed.


boomtown143
USA Fan
Merica
Member since May 2019
5538 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

I am trying to have a real discussion about what makes HEX different....


You’ve said the same thing for over a year…..”if Richard sells”.

Well, “IF” you would have bought when I was bringing it up in this board…….


I really hope you can get over whatever you have against him….and buy some Pulsechain.
This post was edited on 9/15 at 11:41 am


FnTigers
LSU Fan
Member since Sep 2021
75 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

I appreciate you being honest and not hiding from the rules of Hex. Most of the time it get dismissed.
Nothing to hide. Every top coin has whales that could dump on your head at any time. Most of them you have no idea who they are. You have to buy with faith that they will hold. I sleep very well at night with my Hex position and how it's going to be protected.


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8128 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

You’ve said the same thing for over a year…..”if Richard sells”.

Well, “IF” you would have bought when I was bringing it up in this board…….



Look dude, I am specifically talking about the hard coded function of HEX that directly enriches the OA which is his address as the number 1 winner in all scenarios.

You pimp the fact that HEX is a top coin. No other top coin has this.

How is this a "feature" worthy of investment?

This type of feature leads to more people losing than winning when its all said and done.

I am trying not to use certain words as to not turn this thread to bickering.
This post was edited on 9/15 at 11:42 am


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10
JayDeerTay84
LSU Fan
Texas
Member since May 2013
8128 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Nothing to hide. Every top coin has whales that could dump on your head at any time. Most of them you have no idea who they are. You have to buy with faith that they will hold. I sleep very well at night with my Hex position and how it's going to be protected.


My issue is the Whale is hard coded in. I hope I am making that part clear.


FnTigers
LSU Fan
Member since Sep 2021
75 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

My issue is the Whale is hard coded in. I hope I am making that part clear.

the EES fees that go to the OA are minuscule when you consider the supply and the OA ownership. Also, the inflation paid to stakers far more dilutes the OA as opposed to those EES fees.
This post was edited on 9/15 at 11:46 am


lsu777
LSU Fan
westlake
Member since Jan 2004
19017 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

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


so if you are just creating more hex, doesnt that mean you have the same problems as fiat in that it can be created with no backing and is similar in doge in that it has an infinite supply?


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USA
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Lickitty Split
LSU Fan
Inside
Member since Apr 2017
3152 posts

re: HEX (Blockchain Certificate of Deposit)
I came here for legitimate questions. I’m not trying to tear anyone down but this thread just looks like people wanted to fight over HEX.

Why do I have dollars? Because I can buy stuff with dollars. If I couldn’t buy stuff with dollars I wouldn’t want them. Unless I am wrong, HEX is a cryptocurrency. I don’t have to go into the definition of crypto or currency because I assume we all know what those are.

If you saw my previous statement then should know that I invest in companies or funds that make stuff or make a profit with a strategy.

I’m simply trying to understand the strategy. If all I can do is gain more HEX but that HEX can’t buy anything and I’m relying on some fool to buy HEX at a higher price than I bought it, then I’m straight gambling. Like I said, I’m not opposed to gambling as I have visited many casinos and participated in various other bets on random outcomes. I’ve always understood the game before placing my bets. That’s all I’m trying to do here.

As I understand, HEX is not currently being used in any transactions. You haven’t provided me with any future possibility that it will be used in any transactions. I would rank HEX below shiba solely because shiba is at least consumed during a game.


FnTigers
LSU Fan
Member since Sep 2021
75 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

so if you are just creating more hex, doesnt that mean you have the same problems as fiat in that it can be created with no backing and is similar in doge in that it has an infinite supply?
It does not have unlimited supply. It is inflationary just like bitcoin, but that 3.69% apy inflation is paid to the stakers.

Wouldn't you like your fiat to have a set inflation rate? Instead you get idiots printing money like crazy and USD just gets crushed. Doge? Doge was created in hours. Hex was created in 2 years with an insane amount of game theory.


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8128 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

the EES fees that go to the OA are minuscule when you consider the supply and the OA ownership. Also, the inflation paid to stakers far more dilutes the OA as opposed to those EES fees.


That is not what I am reading. I read that half of all the new mint is going to the OA.

Also, this "copy" is not clearly discussed at all. Its like "copy" and "mint" are used interchangeably He admits here he moves some of these "copies" out of the OA to 10-12 different addresses.....LINK

How did he make HEX and not know who the OA is? Makes no sense. And the OA isnt dead. Someone is moving the coins. How? Who? He was asked directly about the OA control. its a simple yes or no. He wont answer. He is bullshiteting to get past the FED. He admits it.

He then goes on to talk about shady ICO's making them money with the OA literally owns half of all HEXs value. So instead of an ICO funding phase, HEX is essentially an entire project where the bonus funding phase is all the time. I see no other way to cut it.

I legitimately have had no other facts or data to dispute any of this.

I dont care about gains people make. Doge makes gains and its useless.

I care that I am investing in something that at least on the surface, is trying to solve a problem. I also care that on this forum of exchange of information, people can be made aware of risks.
This post was edited on 9/15 at 12:00 pm


FnTigers
LSU Fan
Member since Sep 2021
75 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

That is not what I am reading. I read that half of all the new mint is going to the OA.
this is untrue. Completely false.

The new mint is simply inflation. If you aren't staked, you DON'T get it. Not even the OA.

quote:

He admits here he moves some of these "copies" out of the OA to 10-12 different addresses
The OA is a term for cumulative of all those origin addresses. Gunther, a CPA, has audits with all of this for everyone to see. Let me dig em up.

quote:

He was asked directly about the OA control. its a simple yes or no. He wont answer. He is bullshiteeting to get past the FED. He admits it.
No expectations of profit from the work of others. Why should he answer that question. Everyone can assume and they are probably right. Do you know who satoshi is and demand to know? Nahh


Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
4164 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

As I understand, HEX is not currently being used in any transactions. You haven’t provided me with any future possibility that it will be used in any transactions. I would rank HEX below shiba solely because shiba is at least consumed during a game.


Pretty weak argument You ain’t buying nothing with your apple or Tesla stock either. You sell it and then you can buy things. Same with hex or most cryptos


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41
lsu777
LSU Fan
westlake
Member since Jan 2004
19017 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

Doge? Doge was created in hours. Hex was created in 2 years with an insane amount of game theory.



wasnt trying to say it was doge, i understand much of the tokenomics behind hex unlike doge.

quote:

Wouldn't you like your fiat to have a set inflation rate? Instead you get idiots printing money like crazy and USD just gets crushed


quote:

It does not have unlimited supply. It is inflationary just like bitcoin, but that 3.69% apy inflation is paid to the stakers.


ok most of the things were answered i believe in the thread.

so i get the whole point of being a CD, but still confused on how the interest is earned.

so for example if i buy a cd for 5 years at a bank(stake essentially) they take my money and lend it out at lets say 5% apy interest for the 5 years. They pay me 2%, so they net 3%.

what i am confused about is how does hex earn the extra hex to pay me? i dont understand how hex makes money. I dont understand what hex's blockchain is used for.

im all for making money on something even if it has no fricking use, like doge, but i guess i just dont understand the overall purpose of hex


JayDeerTay84
LSU Fan
Texas
Member since May 2013
8128 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

No expectations of profit from the work of others. Why should he answer that question. Everyone can assume and they are probably right. Do you know who satoshi is and demand to know? Nahh


Not answering isn't a defense.

You guys keep brining up Satoshi and BTC. Do you even understand the project you are invested in? Not even remotely similar.

You are effetely comparing a Human to a tree.

quote:

The new mint is simply inflation. If you aren't staked, you DON'T get it. Not even the OA.


All new mint and penalties goes 50% to OA and the rest to everyone staked.

He says it in the video I linked.


boomtown143
USA Fan
Merica
Member since May 2019
5538 posts

re: HEX (Blockchain Certificate of Deposit)
quote:

All new mint and penalties goes 50% to OA and the rest to everyone staked. He says it in the video I linked.


I have to watch the video but i can tell you 50% of penalty does go to the OA and 50% is so split.

but 100% of your stake interest go to you, the staker.



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00
el Gaucho
LA-Lafayette Fan
bawcomville
Member since Dec 2010
44352 posts

re: HEX (Blockchain Certificate of Deposit)
If Richard hex is really a billionaire why doesn’t he take medicine for his rosacea


I feel like this guy is faking y’all out


boomtown143
USA Fan
Merica
Member since May 2019
5538 posts

re: HEX (Blockchain Certificate of Deposit)


quote:

what i am confused about is how does hex earn the extra hex to pay me? i dont understand how hex makes money. I dont understand what hex's blockchain is used for


How do you earn BTC when mining?

Staking = mining.


When you mine, you get paid in BTC, then you SELL it if you want. (Same thing for hex but replace mining with staking).

It’s really not that hard man.
This post was edited on 9/15 at 12:17 pm


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