[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 57 KB, 563x735, 806525261_9818.jpg [View same] [iqdb] [saucenao] [google]
18727335 No.18727335 [Reply] [Original]

Let me get this straight. You get a bag. You stake your bag. By staking you collect more funny tokens over time. Great.

What gives the funny tokens value? Other people buying and staking, right?

So how is this not a literal definition of a fucking ponzi? You cant make money unless new people constantly keep buying. USD value doesn't go up unless new people keep buying or if RH keeps recycling.

Do you seriously think this has any chance of being a legit crypto? I don't get the hype.

>> No.18727375

>>18727335
I am no expert but I think it works like this:
Staking is in lieu of mining.
It is just inflation, so if you are staked you are maintaining the value as your stack grows, but if you’re not staked you’re losing value as the coin inflates. Kind of like holding cash vs putting it into bonds/ CDs

>> No.18727381

>>18727335
Yes, you're correct, that's the ponzi.

The last guy to stake gets fucked.

>> No.18727474
File: 236 KB, 800x450, 547457346565.png [View same] [iqdb] [saucenao] [google]
18727474

>> No.18727530

>>18727375
Right but what is the use case for hex except for collecting inflation? People buying hex ultimately want to see returns in USD value, correct? What does hex bring to the table except for being able to inflate itself? Or do hex holders just love collecting obscure shitcoins for no particular reason?

>> No.18727543

>>18727474
Sir please do needful and delet

>> No.18727564

>>18727335
hi pajeet here. dr richard make my village richest village all mumbai.

>> No.18727569

>>18727335

I understand why you might think this is a ponzi so let me give you a little bit of backstory to see if I can change your mind. I traveled to Moscow a while ago and ended up blacked out after an expensive coke and cheap slav whore spree. They also have this shit called Krokadil but I didn't take that much.. but either way, I woke up fucked up... I mean, FUCKED UP on the streets and these sickly looking gopniks were trying to set me up for some shit and taking advantage of my situation. I didn't understand shit because i don't fucking speak russian, so i tried speaking in english and they started pummeling my face and spitting on me. Outta the blue i heard this weird buzzing sound from a distance and this big black van shoots over the curb and run through these motherfuckers like cockroaches. It opens its doors up and i couldn't believe what my eyes were seeing. It was one of the crazy russian guys i met back in Panama when i was blackmailing judges and lawyers forth and back. Crazy how this world can bring you surprises. We cleaned the sidewalk up and they invited me to their crackhouse to talk about to good ol' times. Y'know, the differences on how tighter or looser panamanian and russian whore pussies were. Shit like that. I showed them some magic tricks and they laughed out loud. Fantastic talk. Aleksander, the ruski i talked the most with back in panama told me that he was now into some type of crazy scamming shit with cryptocurrencies and making mad fucking money. I got his contact, we laughed, talked about whores a bit more and parted ways.