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FnTigers
LSU Fan
Member since Sep 2021
890 posts
 Online 

re: Took a dive into Hex crypto
quote:

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

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?

What's hilarious is everyone who started the hex is scam/ponzi narrative were the biggest ones crushed with Celsius and their minions.


TigerTatorTots
LSU Fan
The Safeshore
Member since Jul 2009
79768 posts

quote:

That kind of stuff is going to make people think ponzi regardless and a lot of the industry is guilty of it

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.
This post was edited on 7/8 at 3:48 pm


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whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1634 posts

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.


Tower_Tiger12
USA Fan
Member since Jan 2021
221 posts

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 at 6:43 pm


21JumpStreet
Colorado Fan
Member since Jul 2012
13490 posts
 Online 

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?


whodatigahbait
LSU Fan
Uptown
Member since Oct 2007
1634 posts

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?


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
8765 posts

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.


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
8765 posts

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.


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41
21JumpStreet
Colorado Fan
Member since Jul 2012
13490 posts
 Online 

Ok, so will everyone just buy phex on pulsechain after launch and not hex anymore?
This post was edited on 7/10 at 10:51 am


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
8765 posts

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.


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22
Tower_Tiger12
USA Fan
Member since Jan 2021
221 posts

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.


Jag_Warrior
Virginia Fan
Virginia
Member since May 2015
2811 posts

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


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
8765 posts

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.


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30
CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
55884 posts

quote:

when people call hex a ponzi it's because they don't understand how the yield is paid.
AND they dont really know what the definition of a ponzi really is...


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20
CarRamrod
USA Fan
Spurbury, VT
Member since Dec 2006
55884 posts

quote:

Please educate us uneducated peasants on how the yield is paid.


it has been explained in this thread twice i think.


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21JumpStreet
Colorado Fan
Member since Jul 2012
13490 posts
 Online 

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 at 1:08 pm


FnTigers
LSU Fan
Member since Sep 2021
890 posts
 Online 

quote:

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.
Good question, and the answer isn't cut and dry.

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.



MikeHatesPETA
Member since Apr 2017
86 posts

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


tenderfoot tigah
LSU Fan
Red Stick
Member since Sep 2004
8765 posts

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 at 12:11 pm


MikeHatesPETA
Member since Apr 2017
86 posts

"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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