re: Crypto is Gen Z’s Beanie Babies

Anyone that is celebrating thinking that BTC or ETH is dead either doesn’t realize how integrated into our investing it has already become, is clueless and just let’s an advisor blindly handle their shite, or cannot envision any evolution.

All the major players have already gotten into the space on these. The Blackrock, Fileldity, whoever have already gotten in over the last few years. These are the players that put the clamps on congress when they had provisions about taxing miners last year. They own major percentages of all these publicly traded companies that are handling BTC and ETH.

If these don’t bounce back I will be pretty certain the USD has failed with how much these have already integrated into our system. And what does that mean for everything?

I don’t own coins but invest in stock of companies that deal with crypto that have gotten their shite kicked in. I am of the mind set that crypto, blockchains, etc in some form will be our next evolution in currency or transactions. Not this straight replacement. Currency and transactions have always evolved.

People used to trade goats. In my life time everyone used to just have cash, then slowly went to plastic, now people do everything on their phones without even taking out a card. Currency and transactions will continue to evolve. Might be that the USD just ends up a digital currency. I don’t know. But it will evolve into something in this realm.l if it all doesn’t fail from the current policies.

We are still very early in BTC and ETH. I am sure cars and airplanes weren’t the biggest shite worldwide after just 10 years. They had some traction and then took over. I feel this is the time to get with some actual derisk because it is now intertwined into the system.

Now if you are buying shite coins like doge or worse then crap like that will fail with every crypto winter.

People, you aren't late. PulseChain will launch and this group will be the next Wikitigers.

Here is the PulseChain thread on the money board.
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The biggest criticism of Pulse and PulseX is that they are directly connected to Hex, a controversial token that has performed well in terms of price but with questionable fundamentals.

According to Richard Heart [A PulseChain project leader and founder of Hex], Hex aims to be the blockchain’s [Pulsechain’s] native certificate of deposit.

As it stands, Hex facilitates no service, does not generate value via loans, nor has widespread adoption as a digital currency.

So where does the high annual APY come from? The high returns are maintained entirely by the purchase of new Hex that is not staked, which is the classic Ponzi scheme.

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Prior to Hex Richard describes himself as a “serial entrepreneur”… From my research, I’ve discovered that Richard’s past activities include owning a car audio business, releasing self-help books, and once upon a time ran an email spam empire and earned the title “Spam King”. Not to be confused with this guy.

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Is PulseChain Hard Fork A Scam?

There is a growing number of voices that are pointing out concerns with the new fork. These arguments tend to be focused on the founder, Richard Heart. They point out issues with the sacrifice phase and some potentially questionable transactions with HEX, Richard’s first crypto project.

The common theme across the concerns is how much money ends up with the founder Richard Heart.

PulseChain Sacrifice Phase Raises Suspicions

In the summer of 2021, there was a period where users could ‘sacrifice’ ERC20 tokens. Depending on the amount and timing of the sacrifice, you would get a multiplier on the PLS tokens you would receive after the fork. The larger and earlier in the period you sacrificed, the larger the multiplier.

People have questioned what the sacrifice wallet was for and suspect it is just a personal wallet of the founder Richard Heart. Additionally, at the time of the fork, there will be no value to the PLS token. So users are sacrificing a known value for a valueless token. I was unable to find any indication that the sacrificed tokens were going to be used to provide liquidity or value to the new chain. This has lead to questions if the sacrifice is just a big payday for Richard himself.

However, note that users could sacrifice to SENS.org, an organization researching ways to fight age-related diseases. Donating to SENS instead of Richard gave 25% less benefit to the user. Even with the slightly lower amount, $25 million was raised for the organization.

The PulseChain sacrifice wallet looks to have nearly $200 million in it. Even more incredibly, the PulseX sacrifice is claiming to have nearly $1 Billion. (PulseX is a decentralized exchange (DEX) fork of uniswap for the upcoming PulseChain).

Yes. This means $1.2 Billion just got sacrificed to what is speculated to be Richard Heart’s personal wallet if these numbers are accurate. However, keep reading as there is rumors that a lot of the sacrifice is just the founder pumping his own bags by cycling money through repeatedly.

Hex’s Launch Raise Suspicion About Richard Heart

Richard Heart’s previous project was the Hex Token. It is a highly marketed token that compares itself to extremely high-yielding certificate of deposits (CDs).

There was a similar ‘donation event’ at the beginning of the Hex initial coin offering (ICO). Users could donate ETH to a wallet and receive HEX token. However, they could not swap back HEX for ETH with the same wallet. Again, the suspicion is this wallet is Richard’s and he was able to just keep the ETH and exchange a ‘valueless’ newly minted token.

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This is just scratching the surface, article keeps going.

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Prior to Hex Richard describes himself as a “serial entrepreneur”… From my research, I’ve discovered that Richard’s past activities include owning a car audio business, releasing self-help books, and once upon a time ran an email spam empire and earned the title “Spam King”. Not to be confused with this guy.

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so no research.. because you dont mention the porn store or the 200 person multi million dollar marketing agency.

and the spam king story is great. it was in seatle and the city just passed the "you cant mail out fliers law" and he mailed out flier and was the first company they went after.... Real spam king there.

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This is just scratching the surface, article keeps going.

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so you do none of your own research? i bet you 100 bucks that the writer of that article sacced for pulse and or pulsex.

"When the world starts to respond to humility, Ill be super humble. But they dont. Thus, here we are, constant and never ending flexing."

Richard Heart is probably the safest founder in crypto. He is a multi billionaire that has been retired since 2003. The dude was mining 50 BTC blocks and didn't need the money. Richard writes self help books and raises millions for charity. Which founder is safer than Richard?

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Richard Heart is probably the safest founder in crypto.

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His Twitter profile is a giant red flag. If I were to make a parody account for a financial investments scammer I couldn’t do better.