/biz/ - Business & Finance

>>53777050
I would highly recommend not dumping your hex for pulse chain on launch because:
1. That’s what everyone is going to do and the crowd is always wrong
2. Richard Heart will not let HEX fail. He holds 100,000,000,000 and will pair bond the liquidity 1:1 eth hex:pls hex
3. According to Johnny Chaos, the liquidity is routed so that 1 Hex = 245 Pulse no matter what meaning if pulse goes up a penny, Hex goes up to 2.45
It will likely be mathematically impossible for Pulse or PulseX to outperform hex

>>53777110
Not a friend of ratio trading either, best to sit tight and win in the longterm

>>53777050
If you have more than 5 million in this you can literally NEVER EVER cash out
it's a scam, simple as, you hope i will put my hard earned cash into this and lock it up for 10-15 years just so you can cash out, fuck off, do not fall for it frens.

>>53777050
scam

>>53777376
>you can literally NEVER EVER cash out
How much liquidity had bitcoin in 2012?

>>53777405
money only comes from new buyers
https://wantfi.com/richard-hearts-hex-token-is-a-brilliant-scam.html

>>53777432
>money only comes from new buyers
Guess how much money went into hex today.

>>53777432
>money only comes from new buyers
umm i know hex is a scam but isn't this the case for every coin?

>>53777517
no businesses sell products and services

>>53777050
thanks for getting rednecks interested in ethereum
never buying your scam

>>53777548
Eth foundation dumped the shit out of it, this somehow doesn't bother you. Hex OA never sold a coin = scam. Vitalik fucking your wallet for years = based BASED BASED BASED.

>>53777613
About $7 million of Ethereum was withdrawn from the Hex origin address about a month after launch. It was conducted with 36 transactions of 1,337 ETH. 1337 is “leetspeak” for leet, which means “elite.” Hackers in the 1990s referred to others as elite if they had the best hacking skills being able to infiltrate corporate servers and websites. To me this looks like a cocky message basically bragging about how he bilked millions of dollars out of suckers.

Also, during the first year, there was nothing stopping Heart from creating a continuous loop by sending Ethereum to the origin address, receiving Hex, then sending the received Ethereum to a different address (maybe even through a laundering mixer to obfuscate this activity), and then sending it right back to the origin address for more Hex. He could mint himself as much Hex as he wanted and he did. We’ll talk about how much Hex he owns in a later section.

How could anyone ignore that fact alone and not see how much of a scam it is?

Instant User Base
To get it started with an instant user base, Heart offered free Hex tokens to anyone who had Bitcoin by a deadline and then submitted a claim to the website.

He advertises it like it was some great act of magnanimity, but in reality Hex would have no value if only he owned 100% of it. These Hex tokens were minted out of thin air and it didn’t cost him anything to give them out. It gave the appearance to outsiders that there was a thriving community with thousands of Hex participants, which is again a standard marketing tactic for “social proof” (as mentioned in my crypto scams article).

Furthermore, those early entrant’s gains are paid for not by Richard, but by later entrants who provide their exit liquidity.

>>53777376
They don't want to cash out fully usually. HEX Whales are accumulating more HEX all the time. And there are HEX whales who have cashed out millions with a DCA out strategy. There's no need to cash out 5 million at once and rek yourself with slippage when you can take out 100k at a time and let the price recover each time. There's this thing called "Seller exhaustion" which we reached at 1.7 cents. When that happens, you have what's called a "bottom". We have just punched through 6c and we will head back to ATHs in the coming 18 months. Couple that with the ability to stake your HEX on any time frame you like means HEX is a money printer that goes up in value. Almost like BTC... Weird. Imagine if BTC had ASIC miners that never got outdated or slow, and even after years of use kept printing BTC while at the same time using zero electricity. This is how HEX operates, yet you retards still don't get it. Sad.


>>53777432
With this logic literally every crypto would be equal in this regard. When you buy into BTC you hope other buyers come in after you to pump the price. How is HEX different? And again, people like you always ignore the fact that Richard has never sold a single HEX and has no reason to. The guy was given 1 billion to make PLS and made shitloads selling the BTC/ETH top. Meanwhile Moneyskelly sells every ETH top, yet he's not called a scammer. Kinda weird don't you think?


HEX haters come in two forms. Those who are too young and have no clue how anything works, or those who just fud for the memes and/or to fud weak hands out who are a bit too dimwitted to have true conviction in HEX.

>>53777833

>>53777660

Hex still went up 10,000x in under 2 years as ge claimes it would do. Why question anything when price is pumping? Maybe your theories are bullshit and you need to become less biased cause you dislike RH. I don't like him either but I can still respect his intellect and tag along for the ride as long as I want.

>>53778046
you're sad

>>53777915
Nice argument. Clearly a high IQ anon here trying to refute my statements. This is how I know I am always right in these threads. Nobody ever attempts to debate my points.

Here's MY picture that shows how dumb YOU are.

>>53777660
>About $7 million of Ethereum was withdrawn from the Hex origin address about a month after launch.
About a month after launch was literally the best opportunity to buy and get the 10,000x. Seethe and cope, OA never sold a coin.

>>53777833
vitalik isn't called a scammer because his creation provides a service that people pay for
people call hex a scam because A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.
Now I'm guessing you want to compare it to bitcoin:
I am NOT a ‘Bitcoin maximalist’ as some have claimed in an attempt to undermine the points I make in this article, and I only bring up Bitcoin throughout this article because Heart is constantly comparing it to Hex and inventing reasons why Hex is supposedly much superior. It’s his favorite rhetorical device likely due to Bitcoin’s name recognition and its established background.

He claims that Hex offers the best opportunity to buy now because it’s ‘just like Bitcoin in the beginning.’ In its beginning, Bitcoin had:

Low liquidity.
Large founder’s share.
In hindsight, those who held the longest had the best return.
And Hex has low liquidity, a large founder’s share and had a quick initial gain! See, same same! Buy, buy, buy!

But cryptocurrency was in its infancy 11 years ago: few people had heard of Bitcoin, it was the only digital currency available, you could only trade it peer-to-peer, and you could mine it on your own home computer. It was a big gamble that cryptocurrency would even have any value at all many years into the future because digital currencies had been tried before and failed.

When you only had a handful of people experimenting with a new technology that had a limited practical value at the time, of course, there is going to be low liquidity and a large founder’s share. However, Bitcoin wasn’t engineered to have those features like Hex was.

There are now over 20,000 cryptos covering $2 trillion $800 billion in value, dozens of retail crypto exchanges, ETF like trusts that buy and hold Bitcoin, and futures contracts on it: cryptocurrency has not been in its infancy for 5+ years now.

>>53778284
Additionally, Bitcoin exists by itself. Hex depends on another cryptocurrency, Ethereum, because it isn’t even an independent coin; it’s a token.

To make the jump that Hex is like Bitcoin because they both, well, use blockchain, is completely nonsensical, but it has the contrast about the size of the Grand Canyon.

What Does Hex Crypto Actually Do?
Ask yourself, what innovation does Hex add to the table aside from being a self enrichment scam?

Bitcoin’s purpose wasn’t to furnish its users with investment returns. In contrast, this is Hex’s only purported purpose.

Bitcoin was invented to facilitate digital payments and solved a double spending problem for digital money. Bitcoin was the genesis of cryptocurrency and it didn’t require sending the founder money to participate in it. Bitcoin is also disinflationary and has a fixed terminal supply.

Hex is none of that and anyone can clone it with a few mouse clicks. See Rex, for instance, on the Binance Smart Chain (lower gas fees).

What does Hex actually do? Spawns more Hex. That’s it. Anyone can write a contract to do that and it doesn’t require any technical innovation.

Richard Heart saw that other scammers were getting rich creating scam-coins and just wanted in on the action as he stated. He only put a little more thought into the storyline of why you should buy and understands marketing tactics better due to his extensive internet marketing experience.

>>53778284
>vitalik isn't called a scammer because his creation provides a service that people pay for
>people call hex a scam because A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

when Eth goes up in price where do those gains come from?

>>53778301
more people using the service

>>53778284
>>53778294
Tell us the truth, are you jabbed?

>>53778341
I am not, never wore the mask, Texas

>>53778091
>mfw bought CFX

>>53778284
>people call hex a scam because A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors.

All profits in crypto come from new investors, you absolute brainlet. And a literal tradeable asset cannot be a ponzi. A ponzi is giving your money to a person or company that then pretends to do something with that money but instead pays out early investors to keep the ponzi going. A crypto by nature of being a tradable object cannot be that. Also the APY is generated by the user not an organization. The user plus the contract is all that is required. You ponzi screamers never seem to understand how basically no tradeable crypto can be a ponzi.


>>53778294
>Hex depends on another cryptocurrency, Ethereum, because it isn’t even an independent coin; it’s a token.
A stock is also not a stock exchange. A stock cannot exist without the financial highways to exchange it, but that does not diminish the investable nature of a stock. Your make another pointless statement. Congrats.

>>53778294
>Ask yourself, what innovation does Hex add to the table aside from being a self enrichment scam?

The HEX contract is extremely complex and brought innovations in self custodied staking and is the only crypto that has a binary system in the form of the HEX token and the t-shares/b-shares that are produced when you stake it and burn your coins and un-stake it and re-mint your principle plus interest. If you don't do what you said you would and you attempt to unstake early, you risk your interest and sometimes even some or all of your principle depending how much of a liar you are. This system then rewards other stakers with the coins it takes from your mistake. As for "self enrichment", we again have to point out that the OA has NEVER sold a coin, in 3 years, and Richard himself is a billionaire at this point so he has no reason to shoot his baby in the face.

>>53778379
Hex is great and code is law. That's literally it.

Guys this HEX shit scammed me into 250% gains just under two months. What a fucking load of horse shit. Can someone tell the people running this obvious ponzi to stop pumping it!

>>53777050
Theres so many whales in Hex that one of them alone can dump the price back to 3 cents easily.. Richard knows this Pulsechain is the great distraction so he can divert all of his focus off eth HEX and pump the new coins thus leaving the 6 year average stakers feeding the stakers absolutely Rekt and unable to financially recover

>>53778507
Etherscan provides a tool to look at the top 500 token holders. Almost all of them were created in blocks on the same day, within the same hour. Try to find a single account in the top 150 that wasn’t funded by the origin account. Furthermore, there is a whole block of accounts that all have the same exact amount in them.

All funded by the origin account.

I couldn’t find a single Ether account in the list of 500, from randomly clicking, that had any activity beyond just funding Hex.

Then check out this Ethereum address, with funds originating from a money laundering mixer all paying the gas fee on 200 accounts each worth 350-400 million dollars in Hex tokens. See for yourself and do the math.

These simple observations show that Richard controls the majority of the entire supply of Hex. His laziness to use a single account to fund the gas fees on 200 other massive accounts is much appreciated because it made the analysis much easier to collate.

So how much Hex does he control in total? I originally speculated from the above points that an automated account analysis program would show his ownership of up to 80%. Well as it would turn out, someone has actually managed to collate the addresses funded from the origin address and Richard’s token database shows he controls 88% of all Hex! 88%, just wow!

If Richard himself didn’t want to pay a 20% founder’s tax on a coin, why does he deem it acceptable for you to pay an 88% founder’s tax? He didn’t even attempt to make the product remotely fair and he’s playing anyone who buys into it for fools.

I’ll note that he can’t get that value out of the system unless lots of future suckers buy in to prop up the price while he is unloading, which is why the marketing efforts are more broad than you typically see for cryptocurrency.

But why obfuscate his holdings? Would there be fewer Hex token buyers if everyone knew he controlled so much and the main point of the token was to enrich himself?

From the SEC, the technical definition of a Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors.

When Ponzi schemes were defined 100 years ago, private currency ones like Hex didn’t exist, so it doesn’t quite meet the exact legal definition since the cashflow of new investors doesn’t directly cross the table to another investor’s pocket.

That’s where Richard Heart and his followers stop the discussion: “See, not technically a Ponzi, therefore not a scam!”

You aren’t investing with dollars, euros or even another crypto and being paid back the same currency as you would in a classic Ponzi scheme here. There’s an additional step in the process.

Since Hex controls its own seigniorage and just mints more tokens to pay out according to the smart contract, the Ponzi link is the cash transfer from new investor to old investor, the “purported returns.”

Hex can mint new tokens until the end of time, but herein lies the gist of the problem: by constantly increasing supply, there will always be negative price pressure on the value of what those tokens are worth. Yes, the laws of economics and debasing a currency still apply to the world of crypto.

Otherwise, imagine if immense wealth could just be created by printing more tokens and distributing them; everyone would be millionaires…. Venezuela style.

The amount of new capital that needs to be brought in to absorb these new tokens is quite sizeable as we will see in a later section.

>>53778778

A technical Ponzi scheme eventually collapses because the earnings aren’t really being generated and the scheme always needs new investors flowing in to pay off the older investors. The collapse can be delayed for years though because the mechanics behind the scenes are opaque and investors wait years to collect their purported earnings. Bernie Madoff’s scam lasted for decades, for instance, because most people just continued to hold their investment with him and never demanded capital back until 2008.

In contrast to Hex, the purported returns are paid with inflationary tokens and these additional tokens need to be absorbed by new investors to maintain the price. You can’t hide the price, and the price of it will eventually collapse without a constant stream of fresh money supporting it (Hex is now down 90%+, and should continue to drop now that crypto has entered a bear market).

This is what what makes Hex analogous to a Ponzi scheme, only that there is one additional step where both new and existing investors are transacting indirectly with each other through a fresh token that is subject to supply and demand.

The average lockup time is about two years, so there is a long delay before the impact of the freshly minted tokens takes effect on the Hex supply, but the earliest entrants are now using fresh investors for exit liquidity.

>>53778749
Everyone knows how much the OA and daughter addresses hold. It's been known since the start and you're acting like you just found this out in some brilliant deep investigations. Yet this is known and common fact in the HEX community. Yet it pumps regardless, because people in HEX know Richards game. You are a simple tourist who looks from the outside, and sees a guy dressing flashy and controlling 90% of the tokens and immediately think "wow this must be a scam", but it is in fact the opposite. Richard is playing a long game for the glory at the end of the story. He wants to be known as the hero, and everything he has done has been to that end. He learned not long ago that despite HEX doing so well, that nobody seemed to care and his social numbers were not growing much. So he switched to buying fancy stuff with his vast sums of money to get attention and it worked. Yet everyone seems to think that's who he always was and that's simply wrong. The dude is really fucking smart, plain and simple. You would see that if you had watched 200+ hours of his content as I have.

Pulsechain testnet v3 is coming quite soon now that the final bugs have been ironed out, and you will witness us early adopters who sacrificed get a 50-100x in short order with 1000x in the coming 2 years. Enjoy being a salty hater who has to watch Richards followers win over and over.

>>53778778
More word vommit reddit spacing stupidity.

I Stake my coins, and I promise to have them locked for 2 months. At the end of 2 months I get my coins back plus I mint my yield from doing what I said I would do which was keeping them stake and thus I hold up the price because I cannot sell while I am staked. HEX stakers are the backbone of why HEX cannot and will not go to 0. Because we would rather keep our money printer than sell it. Stake and sell your interest. Never have to loose your principle.

>>53778788
>The average lockup time is about two years
its actually about 7 years now.

>>53778749
I'm doing it once because this shit is time consuming, ok.

>All funded by the origin account.
OA and OA daughter adresses. Yes and?
>I couldn’t find a single Ether account that had any activity beyond just funding Hex.
Yeah OA never sold a coin since launch, Great point. Now guess who sold, everybody else.
>Then check out this Ethereum address
You forgot to post the adress.
>-with funds originating from a money laundering mixer all paying the gas fee on 200 accounts each worth 350-400 million dollars in Hex tokens. See for yourself and do the math.
Please show me the list of 200 adresses holding $350-$400 million dollars worth of hex.
>These simple observations show that Richard controls the majority of the entire supply of Hex.
Yeah and now? Thought these adresses never sold any coins. So what is it, is richard a scammer or not?
>So how much Hex does the OA controls in total?
Uhh, maybe exclude the coins of users?
>88% founder’s tax?
What are you talking about, there is no tax in the code. Bro you need to stop using buzzwords, if you want us to take you serious.
>he can’t get that value out of the system unless lots of future suckers buy in
Onchain data shows the OA never sold.a coin, stop contradicting yourself man. What if the OA is like satoshi, a benelovent entity?
>But why obfuscate his holdings?
Why are you concerned? Are you so concerned cause the eth foundation dumps the shit out of eth?

You posted a lot of text cause you're biased. Hex is too good to be truth, that's all.

wen pulsechain

>>53779551
Very close to launching the v3 public testnet. Seems that we could be looking at pub v3 test within days/weeks.

I know I know... "Two more weeks". But if Pub-Test-v3 goes well and they run it for a few weeks or a month, that means best case scenario is a full launch of PLS is a couple months away.

People don't remember that he took 2 years to launch HEX and everyone said that was never coming and it was the same memes. Then HEX did a 10,000x after Richard predicted it would. Yet somehow these tards call him a "scammer". What a fucking clown show this board is.

So what if the price is manipulated. Its a feature not a bug

>>53780118
That's the thing. It's the opposite of manipulated. Hundreds of holders come in every single day. Now at 300k+ holders. Millions of dollars every day traded on fully transparent markets unlike wash traded cex bullshit. You can see idiots who try and sell to buy lower and get rekt and buy back in. You can see everything if you just look. We are now entering the start of a new bull cycle. HEX will keep pumping, and when PLS launches it will be so incredibly bullish for HEX. People know that once test net v3 goes live that main net wont be far off and people will rush to buy more HEX in the hopes of getting more free HEX from the duplication.

>>53777531
and you think that there are "businesses" in crypto? the whole thing is a scam. top to bottom

When is Pulse Launching? Any updates?

>>53777050
that is a terrible return in the current market

>>53781159
Name 3 exchange listed coins that got more

Imagine writing essay long FUD no one care to read and watching on the sidelines as HEX reach multi-dollar value.

>>53781237
you know dexes are exchanges right?

>>53781304
So you can't. As expected.

>>53781254
Everybody in crypto will talk about hex.

He's just playing the role of Satoshi holding the majority of the supply.
All in the name of pumpamentals which it has already achieved. I think the cracks are starting to form for the haters as HEX is gaining huge traction on normie media like Tiktok and even had an exchange listing.

Not too mention influencers coming out of the woodwork admitting they sacced eth for Pulse

Can't stop, won't stop.

We're pumping bros!

I'm yet to hear an argument against HEX that does not apply to all cryptocurrencies. Based hexicans

>>53782701
I'm still waiting to get acess to bing's gpt4 and ask what it thinks about hex. I guess many will do the same in the future, gpt will become the new standard of dyor.

>>53777050
Trash made by gucci wetback scammer.
Good luck.

>>53777050
Scam, don't care, not buying. Simple as.

>>53778977
Cringe.

>>53782985
You can't look away, the chart melts your brain.

One thing i would like to see is people pulling eth from LP's, before the shanghai update gets released.

Richard, your threads are shit. If you want more engagement you need to make a fud thread and shill inside it.
Honestly I expected you'd already know this being such a "marketing expert"

>>53783168
You're the first mouthbreather in this thread.

>>53783381
It did crash in 2022, and 2021.

>>53783269
take the good advice, nigger.
I've been making bait threads for years, I know my shit

>>53783527
>I know my shit
NO, i'm going to tell you why.
>>53783168
>If you want more engagement you need to make a fud thread and shill inside it
Hex is the most fudded coin in crypto and every hex thread is flooded with fud, what you're saying makes no sense but sounds cringe. The reason you're here talking some nonsense is because hex is pumping.

>>53777432
>money only comes from new buyers
what ticker symbol can you buy where you can take out more money than you put in without new buyers?

>>53783957
aapl, instead aapl sells a product and the value of their company goes up

>>53785786
the price of AAPL only goes up when someone buys AAPL stock, be it retail, the company themselves, or whoever. i know in your midwit brain you think being a "valuable company" increases their stock price, but it doesnt.

>>53778620

lol when? Back in 2020? Cuz it's been nothing but down for 2 years. Just because it did well in 2020/2021 doesn't fucking mean it will again you dumb faggot. You just want suckers to be your exit liquidity. Fuck off and die nigger faggot.

>>53785812
for a business to not be a scam it must sell a service or a product, you put your money in hex, whales "sell"/take your money out while you count your hex, the burns do not make up for inflation

>>53785862
While you're seething everyday, hex is paying us everyday.

>>53786636
you can do the exact same thing with shib and "bury your bone"

>>53786981
I pefer T-Share's over bones, mr. "look at muh degrees".