Radix - eXRD is now #2400 on CoinMarketCap.
I expect they will climb quickly.
Radix - eXRD is now #2400 on CoinMarketCap.
I expect they will climb quickly.
Purely guessing, but if you look at the radix site, it shows the coin as e-radix.
So I would guess that is the real one, and the other is an imposter, someone on the forum bought it mistakenly.
To give a bit back to the community I’d like to share some technical analysis of coins you’re interested in. Of course, not investment advice and most of the analysis will fail. ![]()
Hi buddy, last week I completely left Bittrex and transfered all my exchange related crypto to Binance and started to follow your strategy (MAID went to cold wallets so I do not have any more MAID on exchanges). I have bought all the 50 lowest market cap coins with history longer than 3 years.
I created around 250 sell orders, 60% of them selling at 500% of the price with some sell orders lower to 300% of the price.
So there we go, both on same boat.
I don’t wanna seem to sheepishly follow you, but it just feels like a good feeling gamble & hopefully profitable strategy. The main risk I am aware of is Binance going bust.
Allow me some questions:
Originally this was supposed to be sent to you as a PM, but I decided to do it publically since there could possibly be some more Nassim Taleb fans on the forum. ![]()
Some critical view on HEX:
Part I.
https://www.reddit.com/r/CryptoCurrency/comments/kqagf7/why_hex_is_a_ponzi_and_not_a_solid_investment/
Part II.
https://old.reddit.com/r/CryptoCurrency/comments/kwhjxa/why_hex_is_a_ponzi_and_not_a_solid_investment/
With the Hex smart contract, you print more Hex according to the rules of the consensus of the contract, just as you pay a Bitcoin reward to yourself when you find a block.
People at Hex speculate that 1 hex will cost more in fiat money in 15 years because they believe there is potential for better Bitcoin.
I don’t know a single member of the Hex community who is deluded into thinking that he will get more fiat money if he deposits Hex in the smart contract. Where is the Ponzi here?
When Hex started, there weren’t many tokens that paid interest in the same token, and it was understandable that anything new was hard to understand. Now every second token pays interest and the interest is paid in the same token…
That was me. My ignorance tuition for Uniswap. ![]()
I did end up purchasing eXRD thought. We shall see how it goes. They are doing interesting marketing. Their current rank on CoinMarketCap is 2416. They have a lot of work to do. MAID is well above them. We can learn a lot by their launch tactics. What worked and what didn’t.
https://getradix.com/ Their promotional site.
https://www.radixdlt.com/ main site.
Did you read the argument about why they thought it was a Ponzi? Where do you disagree with the argument?
Let me try to explain it this way. In Ethereum 2 -PoS you lock Ether and receive a reward in Ether.
You bought your ETH with fiat money. If the price of ETH falls again by 95% and the new money you received no longer costs anything in Fiat money, is ETH a Ponzi?
You have a decentralized network with rules for printing money, there is no common pool for your money to come from, everyone is speculating on the future price of the token and wants more tokens, so put them on deposit in the smart contract to get more hex.
Or are you asking me about Richard moving the ether with which people bought Hex?
Yes, this is his money, I don’t care what he does with it. Hex is traded on the free market, everyone can sell/buy/speculat with Hex in UniSwap
He seems to brings up some valid points. He was listed in the Panama Papers as well.
Andreas Antonopoulos says he was offered 10 BTC for an interview with the HEX team to show that Hex is not a scam. He declined this, and decided to call them out directly on his Twitter.
Andreas is a trustworthy person. I wonder why he didn’t care for the project.
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In this post I will try to argue why HEX is not a solid investment, and might even be a Ponzi scheme
So before we start analyzing the ERC-20 token HEX, lets get the definition of a Ponzi out of the way:
‘A Ponzi scheme (/ ˈ p ɒ n z i /, Italian: ; also a Ponzi game) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from product sales or other means, and they remain unaware that other investors are the source of funds.’
From this definition we can conclude that a Ponzi needs to have a few aspects:
Now, lets take a look at what HEX claims to be on their website:
'HEX is the first blockchain certificate of deposit. HEX virtually lends value from stakers to non stakers, as staking reduces supply, causing positive price pressure on unstaked coins. HEX’s goal is to replace gold as a store of value (7.7 Trillion USD). Replace credit card companies and payment companies like PayPal (around $770 billion in Visa, MasterCard, and PayPal alone) Replace legacy certificates for deposit ($571 Billion in the USA alone on just those under $100,000) Replace middlemen with trustless interest.
What actually is a Bank Time Deposit?
HEX claims that they transfer the Bank Time Deposit business model to the blockchain. In the normal banking sector a Bank Time Deposit is often a Certificate of Deposit (CD). A CD is essentially a savings account that is opened with the promise that the owner won’t touch the money for a set period of time. There often is a penalty when a customer decides to withdraw money earlier than the set time frame. Why do banks do this you might wonder? Time deposit accounts provide banks with the cash flow they need to lend money to other customers.
Let’s get back to point number 3 of the definition.
Investors believe profits come from added value by the product (in this case the coin) but are actually retrieved from recent investors
So where does HEX get its value from? According to HEX themselves:
The only way for HEX to be profitable is for stakers to get penalized for ending the stake early or if the price of the coin goes up. Staking does not add any real value to the coin itself, the profit is derived from their investors to give to other investors.
This also brings me back to number 2 of the definition.
HEX launched on December 2, 2019. Early investors had the time to start staking before anyone else did, this results in a cashflow from early investors to recent investors. HEX claims to have an average of 40% interest per year. This means early investors already raked in more than 40% plus the end of stake penalties from later investors. 40% interest per year is only possible if they get new people in, otherwise the the scheme collapses (now cashflow anymore).
We covered point 2 and 3 of the definition of a Ponzi, lets get the final one out of the way.
lure in new investors
Andreas Antonopoulos says he was offered 10 BTC for an interview with the HEX team to show that Hex is not a scam. He declined this, and decided to call them out directly on his Twitter. HEX has very aggressive advertisement campaigns. They plastered ads on London public transportation, in newspapers, and during English Premier League soccer games. The token was even promoted in a half-page ad in The Economist to lure in new investors.
Some more sketchy things with HEX:
Conclusion:
As an investor with little knowledge behind how coins work, it might seem really profitable to start staking HEX or buying their tokens. My only advice to all the new people here can be: stay away from it, stay away from any coin that promises a certain return over a given period. HEX is very likely to be a Ponzi scheme and before you know it the creator disappears with all the funds they collected.
Why HEX is a Ponzi and not a solid investment (Part 2): Richard Heart (self.CryptoCurrency)
submitted 7 hours ago by SweetPie123Platinum | QC: CC 26124
In the first episode about HEX I focussed on the tokenomics and the advertisement campaigns behind HEX. After Richard Heart himself decided to comment on the post telling me he deserved a Nobel Prize for his creation I decided to look up what I could find about this man hiding behind a fake name.
Drama from the last post:
Richard Heart decided to share my post in the HEX Telegram group talking about ‘No one will probably see the post because of the downvotes’. This resulted in dozens of HEX shillers sliding into my DM’s saying disgusting things and massively downvoting my post. Guess what, I can’t be silenced. Even if it’s just one person I can convince thats enough for me. So, after clearing out the drama it got me last time I did this post, lets dive into Richard Heart.
Who is Richard Heart?
From a debate in 2017 between Roger Ver (Bitcoin Cash) and Richard Schueler it becomes clear that Richard used to be a hardcore Bitcoin believer and pointed out many Ethereum protocol flaws, ranging from poor coding to bad decisions in terms of programming language implementations (cryptoinsider). About a year and a half later Richard comes up with his coin, HEX. it is promoted to be a better bitcoin on the Ethereum blockchain (oh, the irony). In the middle of the bearmarket and Richard being the largest participant in his own coin he convinces his following on Youtube to HODL the coin after mysterious dumps. You can find here what is happening with the Ethereum when you purchase HEX.
Legal and questionable events from Richard J Schueler:
2002: Sued and won by Peacefire.org for violating Washingtons anti-spam laws, he was known at that time as the ‘spam king’ and made a lot of money off it - source. The Methuselah Foundation, for which Heart volunteered at that time, was committed to extending the human lifespan and “making 90 the new 50”.
Questionable events in Panama: Several of Heart’s alleged aliases (James Hart, J. Richard, Richard Schueler) were named in connection with a Panamanian criminal network. Heart, called “CharityLover’ at that time supposed cohorts included robbers, blackmailers and corrupt lawyers and judges, according to posts stemming from the now defunct Panama-Guide website . Miguel Antonio Bernal (Panama lawyer) described the process by which American criminals flooded Panama to “rob, cheat and blackmail local businessmen using Panama’s weak legal system’’ in the linked post under ''Panama”.
“Nobody goes to jail in crypto” — Richard Schueler AKA Richard Heart - sauce
I see where the confusion comes from. When you deposit Hex in the smart contract, after the time you have set you can generate more Hex. That 40% is in Hex.
You deposit Hex, you get more Hex.
It is written very clearly on the official website. Where is the fraud? People are not stupid, they speculate on the future price of the token.
When you buy Asic Miner to farm Bitcoin, you hope you can get more Bitcoin this way. You are speculating on the future price of Bitcoin. It’s the same with Hex. People buy Hex to make more Hex. There are charts on the site, it can be seen that the price does not only go up, ie. there is a risk.
I personally think that Hex will easily make another x10 at the current price and I plan to sell the Safe marketing fund when it reaches $ 10,000. It is possible that one day Hex will be accepted as an alternative to Bitcoin and its value will be much higher, but the risk is too great in the long run, so I sell the Hex we hold at $10000.
You are right but IMO they belong to place 126 at Coinmarketcap.
Currently unlocked - 840 000 000 x 0,14 = 117 600 000$
@Knosis here is my analysis of what exactly is happening in Hex.
I believe Richard believes he has created a better version of bitcoin. Real digital gold:
Ie gold is equal to the money you invest and the time you have to look for it.
Ie hex is equal to the money you invest and the time you have to lock it in the smart contract.
You can’t mine real gold anymore, but 100-200 years ago almost every individual could mine gold. Similarly, at the moment I can’t mine bitcoin, but 10 years ago everyone could mine bitcoin. Hex can be mine by anyone even if they only have $ 1 money, because you multiply by Time and we all start our day with the same 24 hours.
But what gold is is a public consensus. Today, most of humanity believes that the metal gold is gold. A small part of humanity speculates that bitcoin will become the new gold for all mankind. Even a small part of humanity speculates that Hex will become the new gold. Nothing new here, most cryptocurrencies speculate on this.
What’s new is that we have Bitcoin Billionaire, which has created its own private gold (my analysis is that Richard controls 85% of all Hex). I believe that this man will try to convince humanity that Hex is the new gold.
I think Richard has 40,000 bitcoins because the biggest free claimer in Hex has so much and this man locked his Hex for 15 years. I think it’s Richard.
From some of his statements on YouTube and Twitter, I think he will sell part of this bitcoin when the price reaches $ 69,000. I think he will use it to buy an extra share of the Hex traded on the market.
At the same time he will continue to advertise Hex, because he will benefit most from the price increase, but I argue that these actions are not fraud, because he risks his money to promote a product that he believes is better than the other product - bitcoin.
The society will decide whether his product will become the new gold. The chances are very slim, but I think there is a speculative opportunity here to play against Richard in the short term and play with him in the long term.
If he fails in the short term, I will make money from his loss. If he succeeds in the long run, I will succeed with him. For this reason, I speculate with him and against him. In any case, I hope to make money to use for the Safe Marketing.
I make a bookmark to myself to send me a reminder of this analysis after 1 year, here in the forum and see if I was right with my speculation.
Maybe not helping when I see a good thoughtful discussion going on but do you guys know the history of Richard?
Ex conman ?
Hey @Melvin , nice to see you on the forum again. You had done a very good job as a moderator. I hope you stay with us on the way to Fleming. ![]()
As for your question about Richard, I know that he wrote 2 books that he distributed for free - the first for personal self-help, the second on how to change the world for the better.
You can download them from his channel in Telegram. His first book had a very strong influence on me to come out with my face to help Safe to achieve a better world for the people. ![]()
I’ve not read his books, maybe they have no ulterior motive, maybe not.
I’m always cautious of " free".
Last week in a fb spiritual group I’m in, a lady cane in offering a free week long course on abundance, gaining financial freedom and following your dreams.
I found it odd that she was offering 2k of a bitcoin like crypto to one participant, the crypto was qoin.
Now qoin is nothing like bitcoin, the more I spoke to the lady, the more it seemed to me it was probably nothing more than a very elaborate sales pitch to get ppl to join qoin, and not really about all the other stuff that it was supposed to be about.
Richard’s books are some of the best I’ve read. I put them on par with the works of Nassim Taleb…
In this video from a few days ago at 4:34 Richard talks about the Bulgarian Hex telegram group - he commented that he wonders what 15 people are talking about so much. The answer is Safe.
Only SAFE will fix things if it can survive. I will become an ambassador like you Mitak, soon (Mitak is Dimitar’s affectionate name)
Is there anyone in here that has a few $ worth of EXRD to spare? If so, I can test the wallet and trading of EXRD on our platform (NEXT.exchange) and list them shortly after.