re: New Crypto Launching In 2023 – PulseChain

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It's exactly like a bank CD. Do you consider bank CDs ponzis?

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The fact Heart has this many believers regarding Hex is incredible.

You give the bank money for some defined time, they reward you with interest. That’s the only similarity between Hex and real CDs. The real difference is why the bank wants your money in the first place - to loan it out and generate return for themselves but also generate real economic activity. That cycle is what makes it not a Ponzi scheme, never mind the other differences like the security of the deposit, the stability of the currency, etc.

Saying Hex is just like a bank CD is an insult to the intelligence of this board.

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Wait so is the idea behind this that you give up (stake?) more established crypto for a time period and the longer the time period the more made up token you get in return in the future? So in a year you can get an abundance of tokens that have no actual value tied to anything but itself?

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Yes, the interest you receive when you stake HEX is paid back in HEX.

If you staked 100 HEX at $0.01 per HEX and it’s now $0.10 per HEX in a year, your 100 HEX is now worth $10.00 + 38% interest pay out which is another $3.80 (38 HEX). Math might be off and I’m willing to accept that someone might correct me.

The people here against HEX and Pulsechain believe that the HEX price will never go up again and surpass it’s all time high at $0.50-ish.

I haven’t staked because I want the ability to move it if necessary without penalty.


ETA: the price could also keep going down. But if you’re staking, you’d till get 38% back in HEX. You’d still be in the red, but that’s the risk in crypto regardless of what you’re buying.

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You give the bank money for some defined time, they reward you with interest. That’s the only similarity between Hex and real CDs. The real difference is why the bank wants your money in the first place - to loan it out and generate return for themselves but also generate real economic activity. That cycle is what makes it not a Ponzi scheme, never mind the other differences like the security of the deposit, the stability of the currency, etc.

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HEX does the exact same thing except the smart contract better. HEX eliminates the middleman (the bankers) allowing you to do the work yourself and earn 100% of the returns.

I'm not going to loan out money to someone else when I can use a trustless smart contract to generate significantly more yield than traditional finance.

Your retarded definition of a Ponzi scheme now defines all of crypto as a Ponzi scheme. Good job.

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What work is your HEX doing?

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Mining

Gas fees on Pulsechain are 740x cheaper that Ethereum and 911x cheaper to send than Bitcoin.
HEX has been working perfectly for 3.68 years
#PulseChain has been working perfectly for 87 days.
332,459,389,214 PLSX has been destroyed forever and no new PLSX can ever be minted.

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HEX has been working perfectly for 3.68 years

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This thread is about PulseChain. Let's try to stay on topic.

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How is PLSX doing? Should I buy?

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do you buy the dips or do you buy the highs?

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do you buy the dips or do you buy the highs?

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If you are still blasting your savings into this ponzi you deserve to be poor.

He has no idea. He’s talking out of his arse like many others from both sides.