Yes, and that’s why I have a wallet with over 100 coins, which I hodl. At the moment, Hex brings me the biggest APY. (40% per year) 
I will win with a lot 
I’m counting on you to tell me when you decide to weigh your bags and determine the winner 
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I just checked out their official page, it is definitely a HYIP Ponzi scam.
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It’s not a Ponzi, friend. You pay yourself in Hex when your steak is over, just as you pay yourself in Bitcoin when you find a block… Or do you think Bitcoin is Ponzi too?
These analogies should help you understand both HEX and Bitcoin.
Bitcoin and HEX are peer to peer networks that store and transmit value.
Inflation Incentivizes Behavior
- Bitcoin Inflation pays miners.
- HEX Inflation pays stakers.
Incentives are Divided Up
- Miners mint new BTC by their % of the total hashrate.
- HEX stakers mint new HEX by their % of the total shares.
Keeping Score
- Bitcoin mining = HEX staking
- Your Hashrate = Your Shares
- Difficulty = Total shares
- Buying more miners = Share price increases
- Block reward = Inflation + Penalties
Network Protection
- In Bitcoin total hashrate is value invested in the protocol, it protects against 51% attacks.
- In HEX Share marketcap is value invested in the protocol, it protects the HEX price against selling.
(HEX staked * Share price = HEX Share marketcap.)
(HEX currently uses ETH for it’s 51% attack protection.)
more here: HEX.COM
Did you see how much hex goes to the origin address, that put me off instantly.
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You can say that Hex is a bad project and that 1 hex will not cost anything when you pay it to yourself. But this is different from Ponzi. Each crypto can go up to 0 if people stop using it.
But that doesn’t make it a scam or a Ponzi, it makes it a failed product or project. If we fail tomorrow with the Safe Network, will this make us victims of fraud?
Everything is risky and in the crypto everyone bets on what he thinks will bring him the most money. And there are things that pretend to be crypto, but are scams and Ponzi and pyramids. Hex is not one of them. Hex is a working decentralized product, just as Bitcoin is a working decentralized product. Whether Hex will succeed in the market is another question.
At the moment, according to my accounts, about 80% of all Hex is held by Richard. This is the only danger in Hex - Richard to rugpull. But as I said before, I don’t think it will ever happen, because it is not in his interest.
The biggest Bitcoin whale who claim Hex has 14k Bitcoin, most likely I think it’s Richard. This makes him more likely to develop Hex because he doesn’t need money.
He doesn’t need the money, no.
Many ppl bought hex and he has all that to spend.
As I’ve said to you a few times, I hope it does you well.
Yes and that’s ok. The people who have invested in Hex are ok for Richard to make more money. Just like the people who invested in Tesla are ok Musk to make money. In the capitalist world, when you create value, it is ok to be rewarded.
Thank you. I hope to make good money from Hex too so I can pay for the Safe Network marketing
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You clearly aren’t familiar with the verbiage used in HYIPs, I do because I used to hunt down and expose fraudulent schemes in my website.
What matters is not the specific mechanism to scam, so okay maybe it is not a ponzi technically, but it definitely is a HYIP. It smelled like crap the microsecond I entered the website.
This is HYIP 2.0 blockchain edition. Get your money out as soon as possible.
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The Hex Inflation is 3.69% per year. That’s not much. The stackers currently earn 40% a year because only 10% of people are staking. The others are speculating that the price of the token will go up and sell. There is no HYIP for them…
And it is 40% only if you have staked for the average time of 4 years. If your staked for 1 year, you get 10% per year and that’s in Hex. And you generate your Hex yourself, just as you generate Bitcoin yourself when you mine. This can go on indefinitely. Hex has perpetual inflation of 3.69%
And by the way, I am Bulgarian. In Bulgaria I grew up with pyramids and Ponzi schemes. I can perfectly distinguish such in all their variations. Again, Hex is not a Ponzi or a pyramid or a HYIP. You get all the interest in Hex. Whether this Hex will worth anything depends on whether people use it. But this is true of any other crypto. Ie when there is no deception, everything is speculation.
For me, Hex is a top 10 crypto product with huge potential because of Richard’s marketing experience.
The very smart people love Bitcoin because they have taken the trouble to understand why it has value.
The very stupid people love Bitcoin because the price goes up even without understanding why.
Those in the middle who are the masses and are smart enough to think they understand Bitcoin hate it in their blood because they didn’t bother to understand it and the price is to high now.
Bitcoin is not the only thing in life that people treat like that and not everyone is very smart or very stupid about everything … Everyone has things that he is smart enough to hate without understanding
Same general feeling. Technically not a Ponzi, it can’t even be one. My very uneducated guess, it’s a drawn-out, elaborate pump, and the major holders will at some point dump. It will of course have a very proper explanation that the believers/victims themselves will not only accept but staunchly defend or else they would need to face they got scammed. There is of course the possibility that “this time, it’s different” – but I won’t hold my breath.
Yeah, I’m not sure this sign points in the direction you think it does.
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Hey friend the topic is for shitcoins right? We are speking who keeps what shitcoins and why he thinks they will be pumped in the bull market.
And because I see that not everyone understands, I will say it in plain text:
I recommend buying only one crypto - MAID, because even if we fail and lose our money, we do it to make the world a better place.
Everything else, including bitcoin, is shitcoin for me and you can see it on my Facebook account, where my friends and relatives are: Redirecting...
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7 posts were merged into an existing topic: MaidSafeCoin (MAID) - Price & Trading topic (Part 2)
Well not, it is not. There are plenty of “other coins” that are very cool genuine projects out there that are bringing useful solutions to existing problems.
You can talk all you want about shitcoins, but certainly this thread is not exclusive to shitcoins.
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I’m sorry I misled you @piluso. I was not talking about the whole topic, but about the specific topic of my bet with @Antifragile
I wouldn’t mind trading shitcoins for fun, but be extremely careful with locking in funds for “staking” on shitcoins. Hex is dogecoin on steroids.
The whole crypto is a mockery. Bitcoin is becoming more and more centralized, but people don’t care. When I entered the crypto in 2014, there was talk about how bitcoin would replace banks, and now people are happy when they hear that banks will allow you to keep bitcoin in them … I can’t wait for Safe to start so I have something to use with pleasure …
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Of course, I don’t have a clue how things with HEX will turn out, but as I see it, long-term appreciation of the coin is in Richard Heard’s hands. If he holds, the price will appreciate and everyone and he will be very rich. If he dumps on people’s heads, he will be insanely rich and a lot of people will wanna kill him. As I see it, he will not dump on people’s heads so I also have 2% of my portfolio stacked in HEX for an average of 2 years. If the price of HEX ever goes to 0,01$ territory, I might buy in more…
Anyway, the MAID is the biggest bet. 
Should be moved to the MAID price thread, I think.
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I thought I’d do my first poll, just for fun.
Do you think the price of Bitcoin will reach $40 000 by the end of March 2021?
- Yes
- No
0 voters
EDIT: I just realized I’m able to change my vote. This being my first poll, I don’t really know what I’m doing. But I think changing one’s vote is OK, until I close the poll at the end of this year.
Is there a way to edit the poll to close automatically?
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