/biz/ - Business & Finance

>>23223157
Kek, Andreas raving about 3% a year on CD's of the past. Meanwhile we generate over 20% on a decentralized smart contract. There's absolutely no way Andreas or anyone else could hate HEX if they understood it. It just does everything that everyone wants, but better. The whole HEX hating thing is crazy.

>>23223392
It certainly has a lot to do with the 'scammy' marketing. Because of that, they don't bother to look further.

>>23223578
That and people just want to hate on Richard. The funniest is that they hate him for being greedy.
As if that's a bad thing. As if this whole space isn't built entirely on greed. Greed is good baby.

>>23223765
It is a bad thing for you that are buying a shittoken that he controls 60% off.
you hexicans are getting desperate for a non exisitng acceptance of the crypto space.
You believe in it so much, why bother making these threads?

>>23223845
c u in 5 years when HEX takes on the crypto top ten

>>23223845
Is this your first day in crypto? Do you not understand how centralized everything is? Whoever holds most of the supply functions in the same way as a foundation, a company or a CEO. There's literally no one better to hold most of the supply than the guy who has hundreds of thousands of ETH which gives him no need to sell any of the HEX.

why do you need metamask to hold hex? cant richard design a proper wallet?

>>23224736
What's wrong with metamask? Why would you need another wallet?

AXION is coming to take Richard Heart's throne

>>23223157
>>23223392
>>23223578
>>23223765
>>23223765
>>23223845
>>23224430
>Smart contract creates inflation of useless ERC20 token
>Low IQ pajeets without an understanding of economics somehow think this inflation will make them rich
the thread

>>23225967
Yes.

>>23225967
Kek. That's like saying all bitcoin does is inflate without mentioning the proof of work which gives it value.

Perhaps you don't understand that time exists and that there's such a thing as the time value of money?

Though "proof of time" is a novel concept made possible for the first time through Hex.

>>23226517
>>23226069
Time value of money comes from postponing the purchasing power today for future purchasing power tomorrow. What can you buy with Hex today? Nothing.

Interest on CDs comes from taking that money and investing it into a company that will generate increased future returns. The interest doesn't happen just because you locked up your money it happens because of the investment into future productivity.

Hex is like if the FED told everyone to bury their cash in their backyard for 5 years and after the 5 years are up the FED will print money and give everyone an extra 20%. You aren't richer you just inflated the currency by 20%. Oh and also the FED (Richard) is gonna take a big fat cut of all of that inflation for himself which dilutes your perceived increase in nominal value even more.

You are a moron, have fun losing your money.

>>23226661
Your points, if valid, which they are not, are not a critique of HEX but of all crypto. You can't buy anything with crypto other than fiat, which is more than enough.

The purchasing power is protected through being in an asset which keeps appreciating faster than fiat inflation devalues your wealth, same as all other crypto's.

The part which makes HEX better is the way in which it monetises time. The value of your coins can be bigger or smaller based on how much (if any) time you attach to them.

When you are holding HEX, you are holding an actual rare asset, whose rarity increases over time, due to the constantly rising share price. Though I doubt you understand or now about the shares in HEX.

The inflation on the supply is 3.69% a year, not 20%. You can get more of that percentage if less people are staked. Only stakers through proof of time and a delaying of gratification get any inflation and only at the end of a completed stake, making actual yearly inflation lower than 3,69% in practice.

The inflation changes the proportion of the pie that participants in the network own over time, meritocratically benefitting people with longer time frames in mind and incentivising honest behaviour in the network through a set of rewards and penalties.

You're right that it's built to replace the FED. To replace it and decentralize the underlying inflation mechanism of the world. You just misunderstand how the mechanics of it work.

unironically the best project in crypto. theres also a new coin called axion about to launch in a few days thats a soft fork of HEX

>>23227277
That's a decent comment. Checked.