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re: Took a dive into Hex crypto
Posted on 7/8/22 at 3:33 pm to DallasTiger11
Posted on 7/8/22 at 3:33 pm to DallasTiger11
quote:the community does that. They simply advertise the apy of hex. 38-40%. Are you saying they shouldn't advertise the truth because it sounds like too much?
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
What's hilarious is everyone who started the hex is scam/ponzi narrative were the biggest ones crushed with Celsius and their minions.
1
Posted on 7/8/22 at 3:39 pm to DallasTiger11
quote:I do agree here - that stuff is one of the reasons why I waited so long to dive in. The marketing style around HEX screams scammy but the Hex community as a whole is drawn to it. Once you get past the marketing and learn about the product, it tells you the real story.
That kind of stuff is going to make people think ponzi regardless and a lot of the industry is guilty of it
This post was edited on 7/8/22 at 3:48 pm
Posted on 7/8/22 at 6:35 pm to boomtown143
quote:
when people call hex a ponzi it's because they don't understand how the yield is paid.
Please educate us uneducated peasants on how the yield is paid.
Posted on 7/8/22 at 6:42 pm to whodatigahbait
There is a very descriptive breakdown about how the yield is paid just past one of your previous posts. How about you go read it.
This post was edited on 7/8/22 at 6:43 pm
Posted on 7/8/22 at 7:15 pm to FnTigers
How do smart contract transactions fees like hex work? Do they go to ethereum or hex? Pulse is suppose to "replace" ethereum, is the idea that phex smart contract will just replace hex for lower fees?
Posted on 7/8/22 at 8:38 pm to Tower_Tiger12
quote:
There is a very descriptive breakdown about how the yield is paid just past one of your previous posts. How about you go read it.
It's basically the equivalent of a stock dividend which is economically useless, only twist here is you get more of the stock dividend depending on your time/stake - anything I'm missing?
Posted on 7/9/22 at 2:45 pm to 21JumpStreet
quote:
How do smart contract transactions fees like hex work? Do they go to ethereum or hex? Pulse is suppose to "replace" ethereum, is the idea that phex smart contract will just replace hex for lower fees?
Smart contract transaction fees are paid to whatever blockchain network is hosting the smart contract and in that currency. Ethereum gas fees get as high as $5000 per transaction, hence the need for a product like Pulse and why there are multiple layer 2 blockchains in development.
Posted on 7/9/22 at 2:58 pm to whodatigahbait
quote:
anything I'm missing
The "dividend" currency or T share is deflationary and exponentially so. You also get bonus T shares for delaying gratification. What costs you $1000 today will cost you $10000 in the future. Because of this mechanic, all you have to do is wait out the next guy to make more money than them. This "delayed gratification" mechanism naturally leads to parabolic price action.
This chart is a representation of the deflationary nature of T shares.
There are also token burning mechanisms for various contract breaches.
Posted on 7/10/22 at 10:50 am to tenderfoot tigah
Ok, so will everyone just buy phex on pulsechain after launch and not hex anymore?
This post was edited on 7/10/22 at 10:51 am
Posted on 7/10/22 at 2:20 pm to 21JumpStreet
quote:
Ok, so will everyone just buy phex on pulsechain after launch and not hex anymore?
The real HEX product is the T share. With that said, the smart play is to buy cheaper T shares with respect to gas. Ethereum gas is expensive. PulseChain gas will be cheap. 10 years from now, this imbalance in gas prices may be even more exasperated. This should make PulseChain HEX slightly more valuable.
There will or should be a massive liquidity pool making Pulse HEX and Ethereum HEX fairly close in value.
Posted on 7/10/22 at 4:37 pm to 21JumpStreet
It also needs to be said that any purchase of Hex on Ethereum that happens before the snapshot of the network for launch, will be copied 1:1 on Pulsechain. So if you buy 5000 Hex now, you will have that along with 5000 Hex on Pulse.
Posted on 7/10/22 at 5:00 pm to Tower_Tiger12
quote:
It also needs to be said that any purchase of Hex on Ethereum that happens before the snapshot of the network for launch, will be copied 1:1 on Pulsechain. So if you buy 5000 Hex now, you will have that along with 5000 Hex on Pulse.
Could you (or anyone) give some deeper dive details on this?
TIA
Posted on 7/10/22 at 5:17 pm to Jag_Warrior
quote:
Could you (or anyone) give some deeper dive details on this?
The entire Ethereum chain is getting copied onto Pulsechain. Every token and NFT will be air dropped. It's the largest air drop of all time.
If you own 1 LINK token in your wallet, you will now also own 1 PulseChain LINK token.
Posted on 7/11/22 at 10:53 am to boomtown143
quote:AND they dont really know what the definition of a ponzi really is...
when people call hex a ponzi it's because they don't understand how the yield is paid.
Posted on 7/11/22 at 10:55 am to whodatigahbait
quote:it has been explained in this thread twice i think.
Please educate us uneducated peasants on how the yield is paid.
Posted on 7/11/22 at 1:07 pm to Tower_Tiger12
quote:
It also needs to be said that any purchase of Hex on Ethereum that happens before the snapshot of the network for launch, will be copied 1:1 on Pulsechain. So if you buy 5000 Hex now, you will have that along with 5000 Hex on Pulse.
Yea, once pulse is live. Any real reason to buy hex anymore instead of phex? Just thinking out loud. Seems like once pulse is live. Everyone will just buy phex, cheaper, with same mechanics.
With people buying phex, hex would slow down and the inflation would cause price per coin to decrease. Ok for the 10% staking but the 90% would get upset for sure.
This post was edited on 7/11/22 at 1:08 pm
Posted on 7/18/22 at 11:13 am to 21JumpStreet
quote:Good question, and the answer isn't cut and dry.
Any real reason to buy hex anymore instead of phex? Just thinking out loud. Seems like once pulse is live. Everyone will just buy phex, cheaper, with same mechanics.
Most agree that the price of the two assets will reach parity fairly quick.
It will depend on the yield available for them. Some speculate that the yield on pHex will be less (more people staking because of cheaper fees) than eHex, therefore, making eHex still lucrative.
Posted on 7/18/22 at 11:49 am to 21JumpStreet
quote:
once pulse is live
and who knows if/when this will happen. was mid may now we are mid june and still no launch. these dude's are getting played
Posted on 7/18/22 at 12:05 pm to MikeHatesPETA
quote:
and who knows if/when this will happen. was mid may now we are mid june and still no launch. these dude's are getting played
First time following software development? Ethereum has delayed their proof of stake change for years.
This post was edited on 7/18/22 at 12:11 pm
Posted on 7/18/22 at 12:16 pm to tenderfoot tigah
"software is hard". same excuse. you guys just have your heads in the sand. I hate that pulsechain is your lottery ticket, but that's all it is and a slim chance it does the returns you are expecting.
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