[ 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: 97 KB, 1280x720, maxresdefault.jpg [View same] [iqdb] [saucenao] [google]
29945710 No.29945710 [Reply] [Original]

What do you guys think of hex token?

I had a thought today that it's kind of stupid because it's literally getting paid to not use currency.

>> No.29945938
File: 26 KB, 783x152, 1614438557133.png [View same] [iqdb] [saucenao] [google]
29945938

>>29945710
>Jewish menora
Yeah, I'm thinking uncharged.

>> No.29945964

>>29945938
what does uncharged mean

>> No.29947678

>>29945710
Getting paid to hold is incentive to hold. Literally make passive income while your initial investment moons.

>> No.29947798

hex is actually genius. bitcoin inflation goes to miners that just dump to pay bills while hex inflation goes to stakers. its the first certificate of deposit on the blockchain.

will be 10 cents soon and then $1 not too far away

>> No.29947836

>>29945710
Yes you get paid to not sell your coins and be a rekt pleb, Dafuq could possibly be wrong with that? It’s a crypto version of a banks CD. Up to 40% apy, meaning even if retards don’t catch on to the greatness of HEX, I still earn and stack TShares in the meantime. Over 500million currently staked by around 26k users.

>> No.29947865

>>29945710
hex is the truth. its the best crypto out there and will continue to thrive much longer than haters can continue to lie and pout about it

>> No.29948064

Timelocked ponzi

>> No.29948101

scam that made an obese conman rich

>> No.29948121

>>29948101
explain how its a scam

>> No.29948141

I finally got around to selling the bitcoin holder airdrop a few days ago for a fat $600 bucks or so. Based fattie giving me free money. Would never buy his shitcoin though.

>> No.29948322

>>29947836
>It’s a crypto version of a banks CD.
he says this but it's flat out wrong.
the crypto version of a CD is DeFi lending platforms like Compound.
what he has is an inflating coin that pays out more coins for the economically useless act of locking up coins (not lending or doing anything useful with them). the coin itself has no value, no utility, and isn't on any centralized exchanges because it's a steaming shitcoin.
I'm glad Richard finally became an actual millionaire like he was larping as for years.

>> No.29948571

>>29948322
>thinking crypto needs an economically useful act
yea all those economically useful acts going around in crypto are whats fueling this bullrun lmao. stay in the nigger tier iq lane pls

>> No.29948588

>>29948121
>definition ofPonzi scheme
>an investment swindle in which some early investors are paid off with money put up by later ones in order to encourage more and bigger risks

Hex has no value except for a promise of more value down the line (okay, that's a lot of crypto), but look at the website and it's clear that the goal is to trap dummies into "staking" so that they can't pull their "investment" out once they realize its bs

>> No.29948702

>>29948322
>im glad Richard finally became an actual millionaire like he was larping as for years
this, he was never getting there by his trading ability, he wasn’t an early adopter either like he claims

>> No.29948706

>>29948571
it's okay to buy a scam. just don't be the last one left to hold the bag.

ETH and many other coins have staking/locking but it serves an actual purpose to validate blocks.

>> No.29948825

>>29948588
Your only argument is to “just look at the website and it’s clear the the goal is to trap dummies”. Stay poor, you’re not even worth arguing with.

>> No.29949043

>>29948322
Yes it pays out more coins for the useless act of locking up coins, meaning you earn apy for locking up your coins, just like a cd. As for Richard larping, I wouldn’t know, but I do know that he created a pretty awesome crypto.

>> No.29949154

>>29948588
poor person reporting in. can't even articulate 'how' hex fails the Howey test. mostly because it doesn't but you aren't smart enough to actually explain that.

>> No.29949206

>>29948141
>finally got around to selling the bitcoin holder airdrop for like 600$

This retard sells low

>> No.29949233

>>29949043
It just mints new coins to pay "interest" as if that's how lending works.
It's not a CD. It's a ponzi. Can ponzis pump? Yes. Are ponzis scams? Yes.

>> No.29949247

budz.finance is like hex but better, since you burn your coins to increase apy and pump everyones coins

first audit should be completed soon(eta was about 2 days ago, WoR is fucking us while he fucks around with his cakelock drama). one or two more audits for sure afterwards

>> No.29949306

>>29949154
>how' hex fails the Howey test
there's a website. you go to it. you pay ETH to fatman's address. in exchange you are sent HEX.

sounds like a security to me.

>> No.29949601

>>29949233
>inb4 "but ponzis pay from new investors, not minting"
minting is the same thing as taking money from new investors because the token would only maintain its value by getting more new investors to compensate for the dilution.
one day, like in all ponzis, the new investors will dry up but the minting won't stop. but more likely before that ever happens, fatman will pull the rug and disappear.

>> No.29949716

What does HEX even do?

>> No.29949758

>>29949233
Instead of paying miners, like bitcoin, hex rewards the stakers, in interest. Your ponzi argument is completely retarded

>> No.29949896

>>29949716
Hex is nearly exactly like a bank cd. you designate how long you want to lock your coins up and you get paid interest. the rate mostly depends on how big and how long your stake is. hex dot com has all answers

>> No.29949904
File: 33 KB, 1021x152, 1614403056669.png [View same] [iqdb] [saucenao] [google]
29949904

>>29945964
It's the opposite of supercharged.

>> No.29950148

>>29949758
HEX pays the miners. It's an ERC-20 shitcoin on Ethereum which is a POW chain.
>hex rewards the stakers, in interest
It's not interest. Interest implies lending is happening. It's newly minted tokens. The newly minted tokens increase the supply. That can't go on forever. It's implicitly a short term play. Who's going to exit first and trade the useless HEX tokens for BTC/ETH/USDT/etc before it's dumped to zero. (You know the answer, Richard is. That's why he made it.)

>> No.29950487

>>29949306
you don't get hex from the website. so who is the expectation of work from? hex is complete

>> No.29950514

>>29950148
Yes you’re right it’s not interest cause that would imply lending, it’s apy. Your initial coins that are staked are burned and you receive TShares, so there isn’t just endless creation of coins. TShares received from staking will become more rare as more people stake.

>> No.29950604

>>29950514
You don't even understand the shitcoin you're shilling for. Your coins are re-minted along with the "interest" when you run end stake.

>> No.29950869
File: 465 KB, 2736x1707, hexisscam-1a.jpg [View same] [iqdb] [saucenao] [google]
29950869

imagine putting your assets into this shit

https://hex.com/howitworks/

Heart is 100% going to exit scam this shit and burn anyone dumb enough to be on the tail end.

You may make something now, but this is not feasible and isn't even trying not to sound like a total scam. It's unironically everything the SEC warns against for ICO scams.

https://hex.com/howitworks/

"Origin address" has mysterious owner, even creator of project claims to remain unknown.

What a smoothbrained response. It's fucking fantasy.

There's nothing special here. Heart has a multisig wallet and creates "anon" owners he claims to not know, and lulz it all from a ledger in wojaks rectum.

lol

>> No.29950909
File: 382 KB, 2726x1663, hexisscam-0.jpg [View same] [iqdb] [saucenao] [google]
29950909

>>29950869
look at this bullshit.

DERP HEXIS SPECIALLLLLLLLLLLLL

>> No.29950931
File: 413 KB, 2731x1707, hexisscam-1b.jpg [View same] [iqdb] [saucenao] [google]
29950931

>>29950909
It gets worse, anons.

>> No.29951075
File: 391 KB, 2736x1691, hexisscam-2.jpg [View same] [iqdb] [saucenao] [google]
29951075

>>29950931
If you can guess what's missing from their FAQ:
- any links to the blockchain
- common sense
- spellcheck: 'fulfils' (you're trying to outperform banks, but are too broke to spellcheck)

For the love of kek, avoid this wet diaper.

>> No.29951142

>>29950869
Is that implying that once you pick a staking period you're basically stuck with it, no option to even forego rewards to unstake early?

Wow, I wonder why the developer would want people to have no option of unstaking early and then HEAVILY incentivize staking with ridiculous APY claims.
Totally not a rugpull brothers, go in.

>> No.29951147

>>29951075
>attacks the website, mean while everything is basically community made.

>”you’re trying to outperform banks”
Now I know where the constant jews schilling against it comes from.

>> No.29951217

>>29951142
That’s exactly what a banks CD does, time deposit. CDs are worth tons of money because of it, HEX is the first time deposit crypto. Stay poor faggot

>> No.29951246

>>29951075
Fulfils isn't incorrect you retard.
Both spellings are accepted.

>> No.29951378

>>29945710
It's literally a scam how can you even be giving it one ounce of thought RN in 2021?

Kleros. Just use it (tm)

>> No.29951421

>>29945710
I create millions of IOUs on pieces of paper. If you promise to not sell your IOUs I will create some more IOUs on new pieces of paper and give them to you

That's basically how hex works. You might get rich off of greater fool theory, but if you think he has somehow created a way to generate wealth out of thin air you are retarded. He is just inflating his currency to pay the holders, which dilutes the value of everyone. Plus he takes a massive cut out of everything. It's retarded.

>> No.29951477

cope, hexfags https://tran1980.medium.com/hex-scam-here-are-the-facts-1713416de8f6

>> No.29951518

>>29951421
3.69% max inflation per year, forever, lower than bitcoins first 8 years of existence

>> No.29951621

>>29951477
Yeah I’ll listen to an article from “hung Tran”, neck yourself

>> No.29951653

>>29951518
Who cares how much inflation there is. It could be 1% or 1000%. They are random numbers. Hex has no value and it just inflates its own currency to give to stackers.

>> No.29951729

>>29951653
listening to how low IQ rebuttals from those that hate hex are is super bullish. its like the early people that were wrong about bitcoin but they just keep doubling down. first it was hex is gonna rugpull and now that isn't clearly going to happen so they just make more shit up out of their ass

>> No.29951735

>>29951217
Bank CDs
>been around hundreds of years
>issues by some of the richest financial institutions the world has ever known
>under regulation and face legal consequences
>reasonable 2% per year

Hex
>issued by obese jew who won't even publicly say what country he resides in
>owner owns over half the coins but does shady things like claim its not him
>can not go to the US or Panama because likely to be arrested for fraud
>Hart wouldn't even share his real name until recently when called out on it
>promises untenable 40% ApY a year

Yeah they are the same thing

>> No.29951837

>>29951735
all you are doing is calling out Richard Heart. You have nothing of substance about Hex or the code. You are a bottom peasant only capable of ad hominems

>> No.29951903

>>29951735
Lol he’s not a jew, you’re talking out of your ass. Crypto is relatively new and a crypto CD only makes sense. Promises UP TO 40% apy. As for the Panama shit, I don’t even know what you’re talking about, you’re spewing nonsense

>> No.29952185

>>29951837
>>29951903
You people are deluded and he is right. The reason banks pay interest is because they relend CDs to third parties who then use the money for productive, income generating assets, and then are able to repay the loan plus interest. Minting new coins and called it interest is just a ponzi scheme.

>> No.29952365
File: 704 KB, 828x1676, 3495BCBB-25EB-466E-9F79-5EE7893C14EF.jpg [View same] [iqdb] [saucenao] [google]
29952365

>>29952185
It’s called APY, not interest. Interest implies lending, APY doesn’t. Pic related

>> No.29952494

>>29952365
>APY is the amount of interest you will earn in a year
You can call a spade a tomato if you want, but even your own image contradicts the drivel you're spewing. HEX is a scam. It's one of the oldest forms of scams, Ponzi just gave it his name. Take the money from late buyers and give it to early ones. There's nothing new or exciting about that and you're going to get rugpulled.

>> No.29952561

>>29952494
Because APY doesn’t just mean interest gained, read the whole article if you’d like.

https://www.marcus.com/us/en/resources/build-your-savings/what-is-the-difference-between-apy-and-interest

>> No.29952865

>>29952561
If you can explain what HEX is and how it provides value to users without using the terms "APY" or describing a scheme similar in nature to that described in the wikipedia article of "ponzi scheme" I'll send you 1 ETH.
for reference: https://en.wikipedia.org/wiki/Ponzi_scheme

>> No.29952937

>>29945710
stupid

>> No.29953042

>>29948825
>>29949154
To any anons who are lurking.
Compare these two responses and see how similar they are.
>stay poor
>you aren't smart enough
>you're not worry arguing with

Very suspicious to me. And I'm someone who made a few grand flipping this shit heap in January

>> No.29953234

>>29953042
At this point I’m just convinced that this place is just full of shills here to push shit coins all day and shit on real projects, I’ll still earn regardless, staked. going to sleep.

>> No.29953355
File: 87 KB, 1200x797, alexandria-ocasio-cortez-is-a-perfect-foil-for-th-2-13766-1546969760-0_dblbig.jpg [View same] [iqdb] [saucenao] [google]
29953355

https://www.ccn.com/crypto-investors-ethereum-secretly-used-to-prop-up-hex-scam-token/

lol

https://cryptoslate.com/hex-origin-address-emptied-out-almost-7-million-withdrawn/

>> No.29953478
File: 41 KB, 553x369, krug2.jpg [View same] [iqdb] [saucenao] [google]
29953478

https://cryptoslate.com/the-exit-continues-hex-tool-closes-up-shop-due-to-manipulation-concerns/

>> No.29953520

>>29945938
That's a regular ass candelabra you dolt.

>> No.29953556
File: 38 KB, 778x555, krugman-friedman.jpg [View same] [iqdb] [saucenao] [google]
29953556

"While there are more than 46,000 ETH left to withdraw, all of the funds are held in a single address that Richard Heart, the founder of HEX, says is controlled by an “anonymous” person."

imagine the smell...

https://cryptoslate.com/is-this-the-beginning-of-the-hex-exit-800-eth-withdrawn-and-sent-to-bitfinex/

>> No.29953619
File: 410 KB, 569x514, 9871ad2f642a885f2302d02ee798ba14.png [View same] [iqdb] [saucenao] [google]
29953619

I sort of feel bad for HEX schizos, so much other crypto out there and they choose the one that locks up your coins for 20 years so the owner can rug in peace. don't you guys find it odd that literally 0 exchanges will even acknowledge HEX? or that the owner resorts to putting ads on buses that only talk about price? if you seriously fall for this then youre never gonna make, I'm sorry. even uniswap/bsc shitcoins let you sell before the rug is pulled.