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CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
55897 posts

re: Took a dive into Hex crypto
quote:

Explain how a coin that yields 40% is NOT a fraud.


The totally quantity of HEX each year increases by 3.69%. That inflation is given to those who have “deposited” (staked) their coins. The longer your deposit period is, the bigger your cut is. If you stake at least the average length of all stakers, you do not get diluted and in fact your % share of total circulating HEX increases.

It’s not a fraud because it is transparent in what it does and it does what it says it will do.


he is too dumb to understand the numbers.


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50
CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
55897 posts

quote:

Clearly you don't.



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20
boomtown143
USA Fan
Merica
Member since May 2019
5684 posts

quote:

Explain how a coin that yields 40% is NOT a fraud.


0 understanding of how hex works

“The highest form of ignorance is when you reject something you don’t know anything about.” Wayne Dyer


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81
FnTigers
LSU Fan
Member since Sep 2021
897 posts

quote:

Explain how a coin that yields 40% is NOT a fraud.

quote:

whodatigahbait
Someone doesn't understand the basics of Hex. This is low IQ hex dynamics. Wait until you understand the deep complexities of how beautiful the design is!
This post was edited on 7/7 at 2:23 pm


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73
Tower_Tiger12
USA Fan
Member since Jan 2021
221 posts

quote:

Explain how a coin that yields 40% is NOT a fraud.


You’re a fraud, you come into a thread on something you know absolutely nothing about and pretend you do. The only things you know about Hex are the things someone else too stupid to understand it told you to repeat. Dance puppet.
This post was edited on 7/7 at 4:46 pm


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41
TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
79789 posts

quote:

Explain how a coin that yields 40% is NOT a fraud.

Well this question just tells me you have done no research what so ever to understand where the interest comes from. The annual inflation of the coin is split between the stakers. 40% is the attention grabber and only if you stake it for 10 years or more. The yield is lower than that for shorter stakes


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
8773 posts

I'm not that good at math. Maybe someone can help me out.

If 3.69% inflation is payed only to stakers and only 9-10% of HEX holders are staked, what is the APY paid to the HEX stakers? Could it possibly be 40% yields?

HEX's mechanics are amazing. The longer you stake the better your interest rate. All you have to do is stake longer than the next guy and you make more money than him.
This post was edited on 7/7 at 6:42 pm


Diseasefreeforall
Miami (FL) Fan
St Clair Co
Member since Oct 2012
3910 posts

quote:

All you have to do is stake longer than the next guy and you make more money than him.

That's great but what really matters is how much money you make relative to the rest of the world. The current market cap is $25 billion but there's no reason that it shouldn't be $250 million or $25 million.

It's dependent on the constant marketing campaign. As posted before, you are buying a MLM company. Maybe it will work out. It did for Icahn vs Ackman with Herbalife but successful 5+ year pure greater fool bets are probably very few and far between.

Staking is just reinvesting a dividend (without any real underlying fundamentals generating the dividend). It's leverage if you think the price will go up but it won't save you if the price goes down. Plus, as you alluded to, rewards will drop if the 90% unstaked starts to become staked.




tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
8773 posts

Your big points are CDs are bad, advertising is bad, and staking crypto is bad?

I could twist half the NASDAQ growth stocks into a MLM by your definitions.

There isn't a single stock on the planet that increases without advertising and someone buying for more than the previous buyer.

You may want to research HEX harder because you are copy pasting and it's making you look foolish even with simple market concepts.


boomtown143
USA Fan
Merica
Member since May 2019
5684 posts

He has no idea what he is talking about.

NO CLUE ABOUT HEX AND ITS MECHANICS!


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USA
Member since 2001
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Jon Ham
Arkansas Fan
Member since Jun 2011
23847 posts
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quote:

The current market cap is $25 billion but there's no reason that it shouldn't be $250 million or $25 million.


Even if that were true, what matters for investment purposes is what the market does not the reasons for why the market does what it does.


quote:

It's dependent on the constant marketing campaign.


The need for marketing is a sign of fraud/scam? Better tell the rest of the market that.


quote:

you are buying a MLM company.


Explain.


Diseasefreeforall
Miami (FL) Fan
St Clair Co
Member since Oct 2012
3910 posts

quote:


Your big points are CDs are bad, advertising is bad, and staking crypto is bad?

I could twist half the NASDAQ growth stocks into a MLM by your definitions.

There isn't a single stock on the planet that increases without advertising and someone buying for more than the previous buyer.

You may want to research HEX harder because you are copy pasting and it's making you look foolish even with simple market concepts.

A big price mover for public companies is mandatory quarterly and annual SEC,SEDAR, etc filings, which is not advertising.

There's nothing new about HEX when it comes to analyzing it as an investment: market cap, the ability to generate enough revenue to sustain and grow the business/project, and dilution or buybacks/token burn. Investors in the 19th century were taking the same things into account.

HEX is definitely not like a CD or money market account because there is an underlying asset price that moves and can destroy returns if it falls. Since you are getting rewards in HEX, it's like reinvesting dividends in a-stock or fund, which, like HEX, depend on price stability long-term or appreciation to generate a total return. I don't see how that's controversial.

I'm not saying it won't make folks money or more money for those who were early investors. I made stupid money on a stupid investment with charismatic a CEO whose business model was essentially marketing the stock to new investors and issuing shares but that doesn't tend to be a quality long-term plan. HEX offloads some of that to Hexicans, witness the mailings, but how much growth is in that?

And I never said HEX is a scam, the question is how sustainable is a project with a business model simply dependent on minting new tokens to create returns for existing investors. And do you want to lock up your tokens long term in such a project. I do own a tiny bit of HEX, 1030 tokens but I haven't staked because I'd have to buy more for gas.
This post was edited on 7/8 at 8:54 am


Jon Ham
Arkansas Fan
Member since Jun 2011
23847 posts
 Online 

quote:

HEX is definitely not like a CD or money market account because there is an underlying asset price that moves and can destroy returns if it falls.


When you lock up dollars in a CD, inflation can outweigh the yield. HEX is much more volatile, but some say high volatility is the price paid for the potential for large returns.


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30
tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
8773 posts

quote:

HEX is definitely not like a CD


From hex.com
Certificates of Deposit (CDs) are common investment tools managed by banks. Hundreds of millions of people use them worldwide, creating a market valued in the trillions of dollars. HEX has taken the concept of CDs, added significantly higher average return rates, removed banking fees and turned it into a decentralized cryptocurrency.

From investing.com
A certificate of deposit is a time deposit, a financial product commonly sold by banks, thrift institutions, and credit unions. CDs differ from savings accounts in that the CD has a specific, fixed term and usually, a fixed interest rate. The bank expects CD to be held until maturity, at which time they can be withdrawn and interest paid.

You are splitting hairs by saying HEX is not a CD. HEX is an improvement on historical CDs where middle men make six figures on your money. With HEX you and the blockchain are doing the work.

Study the mechanics of the staking rewards. You are missing key information. Get deeper than surface level and you will see why this forum has millions invested in it.


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31
JayDeerTay84
LSU Fan
Texas
Member since May 2013
9227 posts

Guy. Do you know how many businesses are 100% reliant on “new customers”?

Hyperbole much?

I mean frick, social security is ran off future birth rates. Think about it. People who aren’t born yet!


boomtown143
USA Fan
Merica
Member since May 2019
5684 posts

when people call hex a ponzi it's because they don't understand how the yield is paid.


A lot of people just like to throw word salad around or repeat what they've "read".


DallasTiger11
UCLA Fan
Los Angeles
Member since Mar 2004
10890 posts

quote:

when people call hex a ponzi it's because they don't understand how the yield is paid.

Well they also say this because most of crypto is filled with ponzinomics, Richard Heart is a douchebag, and the HEX advertising is always about outsized returns


FnTigers
LSU Fan
Member since Sep 2021
897 posts

quote:

Richard Heart is a douchebag
All the Hexicans I know agree.

quote:

HEX advertising is always about outsized returns
It has actually been undersized compared to the USD appreciaton %.

The returns advertised are in HEX and have been very close to that number.

If you know how it works you would know why.

quote:

crypto is filled with ponzinomics,
Agreed. But people assume that Hex yield is paid from new holders and buyers. That's a flat out lie. It's code.


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
79789 posts

quote:

I mean frick, social security is ran off future birth rates. Think about it. People who aren’t born yet!

Well it is commonly known social security is the biggest ponzi/pyramid in existence


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DallasTiger11
UCLA Fan
Los Angeles
Member since Mar 2004
10890 posts

quote:

It has actually been undersized compared to the USD appreciaton %.

The returns advertised are in HEX and have been very close to that number.

If you know how it works you would know why.

Yeah I'm talking about the bus advertisements and other little images I see from the HEX people that are pointing out multiples of performance. That kind of stuff is going to make people think ponzi regardless and a lot of the industry is guilty of it


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