- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 8/18/21 at 1:11 pm to TigerTatorTots
Posted on 8/18/21 at 1:11 pm to TigerTatorTots
quote:
people gave real coins that have established values today to a wallet address in hopes they receive something in the future at an unknown quantity and unknown value.
yes
0
Posted on 8/18/21 at 1:12 pm to TigerTatorTots
quote:Think about a bank CD. You lock up your money and receive a specific interest. It's not dynamic because you don't have price appreciation.
I stated I know nothing and am asking someone to explain it like I'm 5.
Hex is inflationary for those who don't stake. Stakers get paid inflation and early-end penalties.
Stakers delay gratification to earn interest as well as price appreciation of the coin.
The whole design of Hex is to hold and protect the price. Bitcoin miners have negative externalities. Electricity, mining equipment, etc. So what do they do? Dump the price. Not good for price.
Hex stakers are rewarded to do the opposite. Protect the price. Hold and not dump. The only negative externality of Hex is Ethereum, and that's being solved with pulsechain.
Look at the Hex chart compared to everything else and you'll understand that it's different in a good way. Hexicans hold. Price goes up. Hexicans are in for the long haul. Nearly 6 years on average locked up.
I'd be more than happy to share more for those genuinely interested!
Posted on 8/18/21 at 1:13 pm to rocket31
Yea I hope HEX succeeds because I do like the idea of Pulse chain competing with ETH
Posted on 8/18/21 at 1:14 pm to TigerTatorTots
quote:
Yea I hope HEX succeeds because I do like the idea of Pulse chain competing with ETH
but its no different than BSC or polygon in that sense
forks of ETH or L2s
This post was edited on 8/18/21 at 1:16 pm
Posted on 8/18/21 at 1:14 pm to TigerTatorTots
quote:Vitalik did the exact same thing with Ethereum.
I cannot wrap my head around that sacrifice...people gave real coins that have established values today to a wallet address in hopes they receive something in the future at an unknown quantity and unknown value.
Posted on 8/18/21 at 1:17 pm to rocket31
quote:Quite a bit different. Polygon has admin keys. Eff that.
but its no different than BSC or polygon in that sense
BSC has this weird hybrid coin thing. It also doesn't have coin burn built into the contract like Pulsechain will. It has to be done by someone and that ends soon altogether. Pulse is deflationary from day one automatically via 25% of every fee burned and will be that way forever.
Oh, and the whole ETH system stake is being copied over to bring adoption day 1.
Posted on 8/18/21 at 1:18 pm to Got Heeem
So the purpose of the coin is a currency? Or a store of value? I understand the metrics of how it works now but what gives it value?
For example, what gives ETH value is the ability to build apps onto of its blockchain. What gives BTC value is it the fact that it is the largest, most secure, decentralized network in the world with a fixed/known coin quantity and ability to make secure payments.
What is giving HEX its value?
For example, what gives ETH value is the ability to build apps onto of its blockchain. What gives BTC value is it the fact that it is the largest, most secure, decentralized network in the world with a fixed/known coin quantity and ability to make secure payments.
What is giving HEX its value?
This post was edited on 8/18/21 at 1:19 pm
Posted on 8/18/21 at 1:22 pm to Got Heeem
BNB and Cake both burn coins all the time fwiw
with that said, if pulse is deflationary and the fees are low it might run well, yeah.
with that said, if pulse is deflationary and the fees are low it might run well, yeah.
This post was edited on 8/18/21 at 1:24 pm
Posted on 8/18/21 at 1:22 pm to TigerTatorTots
In a nutshell, HEX is Bitcoin with proof of wait. It's better in every way.
Bitcoin-Proof of work
-Hardware miners
-Electricty
-Miners dump coins
-Terrible for price
HEX-Proof of Stake/Proof of Wait
-No equipment
-No electricity
-No dumping by stakers
-Price is protected and appreciates
-Inflation paid to stakers
-Emergency End Stakes paid to stakers
Bitcoin-Proof of work
-Hardware miners
-Electricty
-Miners dump coins
-Terrible for price
HEX-Proof of Stake/Proof of Wait
-No equipment
-No electricity
-No dumping by stakers
-Price is protected and appreciates
-Inflation paid to stakers
-Emergency End Stakes paid to stakers
Posted on 8/18/21 at 1:24 pm to rocket31
quote:Dude. I said BNB burns coins, but it's NOT in the code to do so. It's done manually and that ends very soon.
BNB and Cake both burn coins all the time fwiw
quote:this is a fact. Deflationary on day 1 and low fees. Fraction of pennies.
if pulse is deflationary and the fees or low it might run well, yeah.
Posted on 8/18/21 at 1:26 pm to Got Heeem
Next question - will the new Pulse chain have its own coin? If so, where does that come into play related to HEX? Will HEX coin and Pulse coin do similar or different things?
Posted on 8/18/21 at 1:27 pm to TigerTatorTots
quote:
I cannot wrap my head around that sacrifice...people gave real coins that have established values today to a wallet address in hopes they receive something in the future at an unknown quantity and unknown value.
It's not very different than buying most penny stocks.
Posted on 8/18/21 at 1:30 pm to tenderfoot tigah
quote:Well yes it is. You buy a penny stock at a known value and quantity the second you purchase it.
It's not very different than buying most penny stocks.
I saw someone compare it to an IPO which does make sense. Early investors in a company that go to IPO have a percentage of equity in a company that doesn't yet have a public value.
Posted on 8/18/21 at 1:31 pm to TigerTatorTots
quote:Yes. It's called Pulse (it's the gas coin for pulsechain just like ETH is for Ethereum). That's what the sacrifice was for.
Next question - will the new Pulse chain have its own coin?
quote:Hex and pulse are completely independent things.
If so, where does that come into play related to HEX?
quote:Hex on the pulsechain will be identical in code to Hex on Ethereum. Hex is a blockchain CD. Staking is time locked. Pulse will be stakeable, but not time locked and it'll be different.
Will HEX coin and Pulse coin do similar or different things?
Hex is inflationary
Pulse is deflationary
Posted on 8/18/21 at 1:32 pm to Got Heeem
gotcha. I will say even tho I think Richard looks like a weasel he does seem to be a credible guy that cares a lot more about his reputation than doing a rug pull and fricking people over
This post was edited on 8/18/21 at 1:34 pm
Posted on 8/18/21 at 1:33 pm to TigerTatorTots
quote:
I saw someone compare it to an IPO which does make sense. Early investors in a company that go to IPO have a percentage of equity in a company that doesn't yet have a public value.
That's what Pulse did. You get roughly 10,0000 Pulse for every $ you donated. You can view the total sacrificed amount and roughly calculate your % of equity.
Posted on 8/18/21 at 1:35 pm to Got Heeem
Appreciate the info, I like the idea and wish I could add a little HEX just to be a part of the ride. I'm on 6 exchanges and won't allow myself to add another. I also don't mess with the Cake options so I'll just be a crypto boomer and watch from the bleachersPosted on 8/18/21 at 1:37 pm to rocket31
quote:The more you hear from him, the more you realize he cares about integrity, especially in the crypto space. He calls BS what it is and he's been rich for a long long time.
gotcha. I will say even tho I think Richard looks like a weasel he does seem to be a credible guy that cares a lot more about his reputation than doing a rug pull and fricking people over
His pride and arrogance and the chip on his shoulder will be what propels him to make his projects a huge success. He won't ever sell. He will protect the price by any means necessary.
To some people that's bad, but to most it's a huge benefit.
Thanks for the good discussion
Posted on 8/18/21 at 1:38 pm to rocket31
quote:
and the airdrop snapshot date is still unknown (1-2 months they claim but it could be delayed until 2022); so theyre obviously anxious about the whole thing
You literally have no idea what you are talking about.
Can we compare gains at the end of this year? You’ve been talking shite non stop.
Also. give me a date in which you’ll stop saying hex is an exit scam.
You’ve been saying that since the first time I posted about it in here. It’s been well over a year since then.
Sad part is, i don’t care that you don’t buy hex, it’s the fact that you’ve made up shite that is untrue.
It’s sad.
Posted on 8/18/21 at 1:40 pm to Got Heeem
quote:See how productive things go when we engage in discourse rather than hostility?
Thanks for the good discussion
Page 1689 of 2241
Back to top
Follow TigerDroppings for LSU Football News