HEX token

I did a video on top of the volcano yesterday.

I made a HOW TO.pdf

and placed it in the digital market last week.

https://permies.com/t/153097f35/ENTER-CRYPTO

It has a 40% affiliate payout as well.

When I saw this tweet, I captured my screen.

I call-out things with red arrows.  

What is new?

The HEX community has increased traffic on the Ethereum network. This, and the increase of Ethereum price during a bull market, has caused Ethereum fees to interfere with the HEX community's efforts to onboard new users. It also may change the temporary strategy for some HEXicans.

Even worse, Ethereum code is never finalized, and the Ethereum developers are planning their next upgrade to increase fees for functions like HEX.

But have no fear, Richard Heart will not allow this project to be stifled. He has plans to fork Ethereum, providing the existing HEX community and their stakes in the HEX ecosystem low fees to interact.

____

The HEX community is talented. Here is a video/channel from one of them. This message could shake you!



Contacting me is no problem. Some of you know me personally. Please consider shooting a small amount of wealth into the future with this blockchain certificate of deposit at high interest rates and possible price appreciation. The account passwords could be locked in a safe waiting for a special occasion.

Davin Hoyt wrote:What is new?

The HEX community will have it's first meet-up event this summer in Las Vegas.

Crypto is in a growth season/stage right now.

The HEX founder, Richard Heart, did a live stream update yesterday. (video below)



Here is the current chart. Keep in mind, staked HEX tokens earn interest. (image)

The video's brocade robe and cheesy bling are definite confidence boosters, especially the (presumably Rolex) watches rotating in the display case and the candles stuck crookedly into the faux-gold candelabra.

The founder doesn't do many interviews, so it is interesting to see that he did an interview with this podcast; one for ranchers and farmers.

I just started investing in crypto this morning, and have absolutely no idea about what I'm doing.  I got into the stock market twenty years ago and got lucky not knowing a damn thing.  I'm 100% debt free because of it now, but by no means am wealthy or anything.  I've been lucky though.

So, what do you think of AMP?  I got a "tip" from a guy at work who has 100k tokens (he got in at two cents), and convinced me to throw my hat into it at six cents this morning.  I got 41k tokens.  

I just looked at a graph of HEX and it looks like it's done really well as of late.

Dc Stewart wrote:The video's brocade robe and cheesy bling are definite confidence boosters, especially the (presumably Rolex) watches rotating in the display case and the candles stuck crookedly into the faux-gold candelabra.

I have heard him talk about the importance of staging videos. Imagine who the audience is. The number 2 crypto, Ethereum, was released in 2017. I have heard him talk about expensive props, correct lighting, correct focus, optimum camera, correct sound, optimum stream...

Joshua Bertram wrote:I just started investing in crypto this morning, and have absolutely no idea about what I'm doing.

Congrats on your navigation; both mentally and physically. I have seen all sorts of aversion, even my own.

Joshua Bertram wrote:So, what do you think of AMP?

I just looked it up. It's market cap rank is #103 at $600 million. It trades on 4 exchanges. It was created in March of 2015, so it has been around for a while. It's purpose is to monetize internet actions like viewing content.

What I don't like about what I'm seeing:
1) I am aware of a competitor in this same model/idea; called Basic Attention Token (BAT). BAT has been one of the few tokens chosen by Coinbase, which gets it in front of many people - yet there's not much interest. They might have had a partnership with the brave browser too. Right now in crypto, people care about the price going up, more than they do about the use of a token.
2) I haven't seen the founders of this token getting the word out, and cheerleading. I haven't heard of an AMP community. These things are important to lead crypto out of scams and into public good.
3) Eighty percent of the circulation is happening on one exchange; Gemini. This reminds me of another coin called Pirate coin (ARRR) which has a libertarian minded description, but no real adoption. A friend of mine got into Pirate last month and is learning a lesson right now.
4) Fifteen percent of the tokens are in circulation, while the rest are where? (You can find out by viewing the Ethereum blockchain) If it's in hands that are loyal to the project/product, that would be best.
5) Is there a working model or a promise (after 6 years)? I just looked at youtube for a working model... ugh, tons of people with predictions and suggestions. Everybody thinks that adoption means unit price increase. It does not. What if those people are right about a price increase, then what? (buy, sell, hold to be where?)

Separately:
1) Please read my PDF to get out of muddy water. It is in one of my posts in this thread, and in the boots love thread. I show you how HEX token allows you to earn interest, has a strong community, walks the line of de-fi ("no middle man"), and is engineered for finance ("price go up").
2) Half of my friends that are interested in crypto, want to get lucky on an exchange with a sh*t coin. I guess someone else has their ear, or they aren't in the right place to hear what I have to say. Lately, I've been asking them to "do the math". They are all looking at low priced coins/tokens. Buy and hold and be done with it.

Hey Davin, thanks for taking the time to actually look at and analyze the token.  Yeah, you're probably right to be concerned about it, but then again, the world of penny stocks (or crypto in this case) is high risk.  I'm certainly okay with losing everything at the chance of doubling my money (or more).  It seems there's tons of dumb money (mine included) being thrown into the ring right now and stuff is just going up.  Timing when to get out will be key.   The guy at work who told me about AMP is super hyped up and mentions it being the next "pay pal" of crypto, and that walmart may adopt/partner up with it and allow it to be used for transactions in the store.  Also something about it being the fastest way to complete a transaction vs. other forms of crypto so credit card institutions might have an interest in it.  ALL SPECULATION, and I'll believe it when I see it.  It's worth the risk for now though.  I'm going to hold onto it and see where it goes.

Now onto HEX.  If I'm reading the prices right it looks like it had a token price of $0.00007 around Jan 2020 which is after you started posting, so I'm guessing it was even less expensive then.
Today it's around $0.05!  That's quite the percentage increase.  I hope you invested a lot into it when you first started posting.  
If I'm doing the math right, and feel free to correct me if I'm wrong, If someone invested $1,000 into it when you first started posting, that same money would be worth $700,000 on paper as of today.  I'd say you gave out great financial advice.  

I'll read up some more on how to buy into it and might just grab some up.  I have a couple of  thousand dollars extra income per month right now and am looking for investments.  I've never liked going the traditional/safe route and have been lucky more often than not, so I'm just going to wing it as usual.

Thanks again for taking the time, and I hope you're filthy rich already!!!

Joshua Bertram wrote:If someone invested $1,000 ...

About $350k at it's local $0.07 all time high.

Please use my PDF to walk through the steps of acquiring and staking HEX token.

This is the latest You Tube video by Richard Heart. He is notifying the public that (his) Ethereum fork is almost ready for launch.



You might want to participate in what is being called a "sacrifice stage". If you choose to do so, make sure you set up a Metamask wallet and have USDC or HEX ready to send to the address Richard has not yet provided.

When something new starts, how do you anticipate balance being found? This "sacrifice" is nothing shocking. The HEX launch took form with a ratio sent out after a daily sacrifice count for a year's time. But the sacrifice stage coming up will not be longer than a month! I think most people want to enter within the first three days. So don't sleep on it!

If you're passionate about this stuff. Get the Telegram app on phone or computer, and subscribe to the "Richard's Calls" channel. This is straight from his fingertips.

Davin, you're doing a good thing by getting people into hex and the newer, cheaper to transact, greener pulsechain.

As you've pointed out, right now today is the sacrifice period and near to the fork period.

This means a person gets twice the number of coin when the fork occurs. Also, any staked hex automatically doubles into staked pulsechain  -with the same number of days staked rather than the fork date!!!


So set up a wallet, buy some hex or eth and stake or sacrifice. But do it now to double your number of coins!

permies, I really hope you do this to exit the $ wage market.

Ask Davin if he has to work any more.

Look at the history of his posts by clicking on his user name.

Then you decide how long it took him from the time to he alerted people to hex to now, when he no longer is forced to find the next dollar.

What more proof do you need? Your great great grandma to come back and tell you to act now?

Thanks Orin!

Here is a the video of Richard announcing the sacrifice stage starting (pre launch of the fork) last night.



Here is a trusted community member making a video of how to participate in the sacrifice stage.



And the same community member made a video of how to participate in the sacrifice stage for mobile devices as well.



I hope permies can join.
I hope permies make themselves available.
Maybe permies want to talk to me personally.
Fine with me.
I think money has become so social that we need to try (new) things.
What I have been bringing to you is not a creation of mine.
It is the steady reflection of another person and all his skills coming together at the right time.
And his creation has a market fit, and it needs participants, and it looks like money.
So enjoy, or enjoy enlightening another person.
Please reach out to me or follow what I have provided for the betterment of our lives.

The Ethereum block chain is public via transparency. I can view all the Boots' addresses that I have gifted HEX tokens to. I did this the other day to see something, and got the idea of compiling all addresses on one chart to see what my influence has done thus far.

This is two screen shots, photoshop-ed together vertically, to convey the visual information. I used our HEX community's Staker.app to compile the stats and populate the chart. You too can download the Staker.app via cell phone and look at your portfolio in this way.

In the near future, when the Pulse Chain fork goes live, all of the HEX tokens staked and held liquid on the Ethereum blockchain, will be duplicated/mirrored onto the Pulse Chain blockchain.

www.Pulsechain.com (official site)
www.pulse.info (official sacrifice site)
www.pulselead.xyz (community made sacrifice leader board site)
www.hex.com (official site)
#freelunch #fastmoney #pulsechain #hex #richardheart #cryptocurrency #hex #internetmarketing #hextoken #blockchain

Mike Haasl wrote:If someone wants to give me some, I won't turn them down.

Let me gift you HEX like I have offered to the Boots at Wheaton Labs in the boots love thread. For this to happen, I need you to add a wallet to your chrome browser by downloading it from metamask.io and send me your address in a purple moosage.

Hi Davin, I've recently given this a go based on your posts, and split it up into several stakes ranging from 1 year to 5 years. I was wondering when you have a stake hit maturity, are you keeping a portion to convert back to cash as a source of income? Are you converting it back to Etherium and using that as currency or does it then get sold so you end up with cash in a regular bank account? It seems a person sets up several stakes that mature at a certain frequency, and you'd convert a percentage to pay the bills and reinvest the rest.

It is surprising watching both the shares increase as well as the share price on the HEX:Stake page, my novice view feels like it's a stock with a very steadily increasing share price that is going up over time, and it has a very large dividend payout based on the stake maturity date. Looking at the price of Etherium in comparison (or any crypto I'd expect) would cause palpitations, as the price goes up/down a lot every day.

But I've always treated stocks with the "let it sit for 10 years, then look at the annual return" mindset, and this is the same. Seeing the price of HEX over the last year has gone from ~$50 to over $3000 sure makes me wish I had that 20/20 hindsight! Sort of like magically knowing when to buy/sell anything though, like buying GameStop stock/options last Nov for $7 and selling a couple months later for over $400. But I'm treating this as icing on the retirement cake, if it were to go poorly for whatever reason it doesn't break or ruin my plans, and if it does as well as expected then it's another nice source of income/flexibility in retirement.

Mark Brunnr wrote:Hi Davin, I've recently given this a go based on your posts, and split it up into several stakes ranging from 1 year to 5 years. I was wondering when you have a stake hit maturity, are you keeping a portion to convert back to cash as a source of income? Are you converting it back to Etherium and using that as currency or does it then get sold so you end up with cash in a regular bank account? It seems a person sets up several stakes that mature at a certain frequency, and you'd convert a percentage to pay the bills and reinvest the rest.

Hexicans talk about selling their interest, but never the principal. Please consider a small 5555 day maximum length stake just to say you did (and lock in the interest rate).

Mark Brunnr wrote:It is surprising watching both the shares increase as well as the share price on the HEX:Stake page, my novice view feels like it's a stock with a very steadily increasing share price that is going up over time, and it has a very large dividend payout based on the stake maturity date. Looking at the price of Etherium in comparison (or any crypto I'd expect) would cause palpitations, as the price goes up/down a lot every day.

Hex is the only crypto demanding loyalty. The shares are what decide your interest rate upon staking your HEX tokens - the shares are only held during your stake. When you start a new stake you will get a new interest rate (number of shares). The HEX contract is programed to make the shares more rare.

Mark Brunnr wrote:But I've always treated stocks with the "let it sit for 10 years, then look at the annual return" mindset, and this is the same. Seeing the price of HEX over the last year has gone from ~$50 to over $3000 sure makes me wish I had that 20/20 hindsight! Sort of like magically knowing when to buy/sell anything though, like buying GameStop stock/options last Nov for $7 and selling a couple months later for over $400. But I'm treating this as icing on the retirement cake, if it were to go poorly for whatever reason it doesn't break or ruin my plans, and if it does as well as expected then it's another nice source of income/flexibility in retirement.

Crypto is the fastest appreciating asset mankind has ever seen.

Things have been exciting! Welcome to the HEX.com product!

Thanks Davin, if only it hadn't been totally new/foreign to me, and I had purchased Hex sooner! Seeing how much it's grown I regularly find myself daydreaming the 'what if' I had invested the same amount back when you gave us the heads-up. But that bridge is crossed, so fingers crossed it does well going forward. I'm definitely holding on to it long term, this will be a long term investment. I'm figuring it all out as I go, the fees/gas to convert cash to ethereum and then to hex is a decent chunk. So the fewer times you trade it the better just for that.

Mark Brunnr wrote:Thanks Davin, if only it hadn't been totally new/foreign to me, and I had purchased Hex sooner! Seeing how much it's grown I regularly find myself daydreaming the 'what if' I had invested the same amount back when you gave us the heads-up. But that bridge is crossed, so fingers crossed it does well going forward.

You are so early!

Mark Brunnr wrote:I'm definitely holding on to it long term, this will be a long term investment.  

Often people have trouble staying in a coin. HEX's staking feature saves people from themselves. Ask the bitcoin guys who sold at 8 cents, or 30 bucks.

Mark Brunnr wrote: I'm figuring it all out as I go, the fees/gas to convert cash to ethereum and then to hex is a decent chunk. So the fewer times you trade it the better just for that.

Ethereum fees are high lately. This has caused Hexicans to not place small stakes for short durations, otherwise the fees will eliminate the principal and interest! But large stakes for short durations can still be profitable. GET that 5555 no matter!

Wishing this was the thread's thumbnail.

Also, there is a USA HEX tour going on right now. It will last until the Vegas convention in March 2022!

I've only taken a cursory glance at this forum because the topic interests me and this seems like an aligned community of well meaning people. Given that, after seeing this thread on HEX, and knowing a thing or two about cryptocurrencies, I felt obligated to chime in. I do not believe there is any malicious intent of the original poster, but people who do not know much about cryptocurrencies in general should get all sides of every story. Crypto really is a sort of digital wild west...

Regarding HEX and Richard Heart, I urge anyone interested to please read this article (from 2017!):
https://imnotdead.co.uk/blog/richard-heart

If you want to go deeper down the rabbit hole read this:
https://medium.com/@TooWumboToFail/under-a-hex-396847b86e57

Although to save you time i'll just post part of the introduction, which is crucial:

"I have seen several articles that call HEX a Ponzi or Pyramid Scheme, both of which it isn’t. It has many features of these, but is unique in that it has so many moving parts, and complexities that these have helped to mask just how unethical a project it is. While it’s creator, Richard Heart, promotes the token as being “designed to increase in value faster than anything else in history”, and “do over 10,000x returns in under 2.5 years”, a deeper analysis shows HEX was designed for one thing only: to enrich Richard Heart himself, at the expense of every other participant. Even in a sea of ethically dubious projects, HEX stands out as being the most egregious, though perhaps the most clever. Not only will Richard control close to half of all HEX after the first year, but it is the first token I have seen to have its founder’s perpetual self-enrichment baked into the protocol."

You can decide the risks are worth it, or even that the articles are misleading, but please look at them before putting your money into a project like this.

Richard Heart has been in the space for quite some time. There is no denying he's quite intelligent. Coupled with his charismatic and easygoing confidence, it's easy to feel like he's on your side. But the token economics of this project vastly reward early adopters, and immensely reward Richard specifically.

Another relevant snippet:

"It is worth mentioning that there is an added irony to Richard implementing what amounts to a hidden 45% founder’s tax on HEX’s total supply. Over the years he has been a vocal critic of projects like ZCash that employ a far more transparent founder’s tax to fund development, viewing them as a disqualifying factor for investment."
"It is more staggering still when you consider how Richard presents the existence of Bitcoin whales as an existential threat"
"In reality, though, Richard has designed an ocean where he is the only whale, far larger than any other whale in any other project. The lone, unkillable Moby Dick of HEX."

Giving him the benefit of the doubt, the best case explanation is that he has thoughts about how others should run "serious projects" and yet got ahead of himself when building a pet project that has convoluted and purposefully-confusing reward incentives to make some money on the side.
In off beat moments in interviews you can tell that there is a part of him that understands very well that the vast majority of the crypto landscape is fraudsters and conmen trying to make a quick buck. After being in the space for a few years he said to himself "well why not me?".
Smart? Sure. Trustworthy? Probably not. Worth putting your hard earned money into? I'll let you decide. Caveat Emptor.

I don’t know whether to thank you for the opportunity, or tell you to go dig a pond. You joined this website to make this one post… so I hope you’re waiting in the bushes while I continue to enlighten people on where the internet is going.

Martin Astor wrote:I've only taken a cursory glance at this forum because the topic interests me and this seems like an aligned community of well meaning people. Given that, after seeing this thread on HEX, and knowing a thing or two about cryptocurrencies, I felt obligated to chime in. I do not believe there is any malicious intent of the original poster, but people who do not know much about cryptocurrencies in general should get all sides of every story. Crypto really is a sort of digital wild west…

My PDF listed in this thread describes crypto as a wide west, and that maturity is starting to show bedrock with the product called HEX.

Martin Astor wrote:
Regarding HEX and Richard Heart, I urge anyone interested to please read this article (from 2017!):
https://imnotdead.co.uk/blog/richard-heart

If you want to go deeper down the rabbit hole read this:
https://medium.com/@TooWumboToFail/under-a-hex-396847b86e57

Although to save you time i'll just post part of the introduction, which is crucial:

"I have seen several articles that call HEX a Ponzi or Pyramid Scheme, both of which it isn’t. It has many features of these, but is unique in that it has so many moving parts, and complexities that these have helped to mask just how unethical a project it is. While it’s creator, Richard Heart, promotes the token as being “designed to increase in value faster than anything else in history”, and “do over 10,000x returns in under 2.5 years”, a deeper analysis shows HEX was designed for one thing only: to enrich Richard Heart himself, at the expense of every other participant. Even in a sea of ethically dubious projects, HEX stands out as being the most egregious, though perhaps the most clever. Not only will Richard control close to half of all HEX after the first year, but it is the first token I have seen to have its founder’s perpetual self-enrichment baked into the protocol."

You need to ask yourself, “How would I create a currency?” You probably promote a nation state organizing a currency. Well, this is an organization of addresses that stay anonymous and loaded with (credits) which protect the whole, from invasive activities (within the hex ecosystem’s workings). HEX is a contract that you interact with on the Ethereum blockchain. That contract does not change over time. Within that contract, the system is mathematically arranged to make interest more scarce. That’s why such performances are stated with such boldness.

Martin Astor wrote:
You can decide the risks are worth it, or even that the articles are misleading, but please look at them before putting your money into a project like this.

It’s a product, not an ongoing project that has an oversight board with unclear directions and timelines. It is finished. You can point at it. It is separate from its neighbors.

Martin Astor wrote:
Richard Heart has been in the space for quite some time. There is no denying he's quite intelligent. Coupled with his charismatic and easygoing confidence, it's easy to feel like he's on your side. But the token economics of this project vastly reward early adopters, and immensely reward Richard specifically.

The large anonymous address(es) protect the whole. It protects the Staker class. The stakers are the people who lock up their hex tokens to earn interest, which is a share of the annual inflation of 3.69%. This is all math (in the contract that sits on the Ethereum blockchain). It’s like the Great Plains are open for grazing, are you going to send your son and some livestock out there?

You are still early to HEX as I’m writing this. But if this ends up being the next bitcoin, but a bitcoin that people hold like gold and earn interest like a nation’s monetary banking system… then what is “early”. Everything is perspective. Are you still mad about the Oklahoma Sooners jumping the gun, and their ancestry having more land than you? The entire idea is revolutionary, and the community that brought the idea forth survives. We just need to see how many eyes will open to a border-less wealth time deposit. I hope people will point to me if they get in conversations about innovations small farms could adopt. I have friends to help me with this message too.

Martin Astor wrote:
Another relevant snippet:

"It is worth mentioning that there is an added irony to Richard implementing what amounts to a hidden 45% founder’s tax on HEX’s total supply. Over the years he has been a vocal critic of projects like ZCash that employ a far more transparent founder’s tax to fund development, viewing them as a disqualifying factor for investment."

Again, there is a large holding that protects the whole. It is protecting the staker class (people with locked hex tokens) from any other entity that wants to sabotage the product via mathematics. Richard doesn’t place this information in the foreground, because it’s human nature to be selfish - and want to know personal outlook instead.

Martin Astor wrote:
"It is more staggering still when you consider how Richard presents the existence of Bitcoin whales as an existential threat"

Is this guy arguing for the anonymous Satoshi and his stagnant 1 million bitcoins that could rock the market at anytime? To replace bitcoin, a system needs to be created that irons out all the bad actors, and non-actors. Richard shouted out to the entire crypto market for one full year, saying he has the next bitcoin and if you hold bitcoin, you can retrieve a ratio of HEX to keep your wealth status in the coming years. Bad actor addresses (the ones that could be identified) were blocked from claiming free HEX.

Furthermore, HEX’s contract doesn’t allow people to stake beyond 5555 days. The action of ending a stake is mandatory, otherwise your stake will bleed dry over the course of one year. This feature will flush out inactive addresses - promoting clarity and ensuring product protection.

Martin Astor wrote:

"In reality, though, Richard has designed an ocean where he is the only whale, far larger than any other whale in any other project. The lone, unkillable Moby Dick of HEX."

Back to the argument of “how would you start a currency?”

Once, I was doing work for a small group of entrepreneurs. I told the father of the group, “I think we should do a gig for someone else, then, use that money to be the founders of our next project “. They said no. They wouldn’t allow someone else to make a million, if they only made 10%. This argument is similar in my head. Your worried about fairness inside of your four horizons, but instead you probably would be better off getting lost in your work locally. (Like described in the book Small is Beautiful: Economics as if people mattered).

Martin Astor wrote:
Giving him the benefit of the doubt, the best case explanation is that he has thoughts about how others should run "serious projects" and yet got ahead of himself when building a pet project that has convoluted and purposefully-confusing reward incentives to make some money on the side.

Crypto is an immature market which is gaining maturity. HEX is a certificate of deposit on the internet that you don’t need to go to a banker for. It’s an easy situation to understand, as long as you weren’t already in crypto. Where you would be placing value on your emotions, or balloon up market caps based on chairmen social media conversations. Most things are “promise coins”, and that’s why I’m having to make this rebuttal.

Martin Astor wrote:
In off beat moments in interviews you can tell that there is a part of him that understands very well that the vast majority of the crypto landscape is fraudsters and conmen trying to make a quick buck. After being in the space for a few years he said to himself "well why not me?".

Projecting much? Maybe, after watching technology and bitcoin for almost a decade, a cereal entrepreneur decides to make something new. Something that is complete and ready to use - among promises. People that have enlisted themselves in HEX, live today looking forward for tomorrow; The HEX system exists with truth, and is already changing lives.

Martin Astor wrote:
Smart? Sure. Trustworthy? Probably not. Worth putting your hard earned money into? I'll let you decide. Caveat Emptor.

Bitcoin was called a scam at one penny. It had its audience. It had its uses. Hop to this Permies! This is about adding freedom to your life.

PS- At least people are honest when they say, “a quick Google search”. The virus and hex both. I hope light is shining through a torn surface of your mental box. (I mean to be clear, not disrespectful)

PS2- I'm a spatial thinker. Lately, my mind has been trying to compare the timing of humus within a soil's life span, to available currency (liquidity) within a particular society's lifespan. I have been posting here in hopes that Permies' soil could be enhanced.  

I definitely considered HEX to be similar to a certificate of deposit to explain how it worked. With the exception of the limited industrial uses for say gold, it has no real value besides what people assign to it, and as a result people desire it because of that assigned value. Then because it's not unlimited, people will trade gold to protect wealth when government currency or stocks fluctuate. It seems Bitcoin is along those same lines. Bitcoin feels a lot like gold in that it has limited functional use but supply is limited and people have assigned a value which fluctuates as demand comes and goes relative to other investments.

HEX on the other hand feels designed to earn interest, although I'm still not sure where that interest comes from- if nobody else ever bought HEX, like as of today nobody else converted ETH, where would the guaranteed 3.69% inflation come from? I see I'm getting additional HEX/hearts which at the end of the stake will be applied to either be rolled over or available to pull out. But as the number of HEX grows from the original ETH purchase/contract it would seem the HEX/ETH ratio grows-more HEX per ETH. So if if there was no more incoming investment then wouldn't the value of each HEX drop, capped at the value of ETH divided by that ratio?

HEX certainly seems tied to the financial fate of Etherium as far as converting earned interest back into say dollars. If ETH is up or down on a given day then so too is your returns if that's when you convert. So if it suffers from the same price spike/fall that Bitcoin goes through, a person could buy ETH high, convert to HEX for say a year, earn interest, convert back when ETH is low, and have a net loss. Perhaps if a stake matures and you see the price is down, you stake for a couple of days and see if it's back up, then eventually convert back out? But let's say ETH prices stabilize and didn't change for a year or 5 years. Then when a person converts to HEX and back and pays those fees twice, it would be possible the 3.69% interest would be eaten up in fees.

I expect I'm still missing something in the overall picture, but that's also why I didn't invest an amount too big to lose. It's fun to see the dollar value of the stakes go up, less fun when they go down (with the ETH price). But over time I expect things to level out and hopefully be a modest return.

Mark Brunnr wrote:I definitely considered HEX to be similar to a certificate of deposit to explain how it worked. With the exception of the limited industrial uses for say gold, it has no real value besides what people assign to it, and as a result people desire it because of that assigned value. Then because it's not unlimited, people will trade gold to protect wealth when government currency or stocks fluctuate. It seems Bitcoin is along those same lines. Bitcoin feels a lot like gold in that it has limited functional use but supply is limited and people have assigned a value which fluctuates as demand comes and goes relative to other investments.

I'm starting to feel like Bitcoin is a better investment than Gold bullion. I'm starting to call crypto currencies, social currencies.

Mark Brunnr wrote:HEX on the other hand feels designed to earn interest, although I'm still not sure where that interest comes from- if nobody else ever bought HEX, like as of today nobody else converted ETH, where would the guaranteed 3.69% inflation come from? I see I'm getting additional HEX/hearts which at the end of the stake will be applied to either be rolled over or available to pull out. But as the number of HEX grows from the original ETH purchase/contract it would seem the HEX/ETH ratio grows-more HEX per ETH. So if if there was no more incoming investment then wouldn't the value of each HEX drop, capped at the value of ETH divided by that ratio?

The inflation is fed into the system through interest, paid in HEX tokens.

You stake HEX tokens. When you end a stake you mint HEX tokens. This is your principal and interest together. All of it is in HEX token. You may take your HEX tokens to a website with liquidity pools matching HEX to trade your tokens for something closer on your path to the US Dollar. The price may drop some as you are selling, especially if you try to sell a lot at one time. So, overall, it is the choice of the people interacting with this the contract and their sales on open markets that decide where the US Dollar value of HEX tokens will be.

Mark Brunnr wrote:HEX certainly seems tied to the financial fate of Etherium as far as converting earned interest back into say dollars. If ETH is up or down on a given day then so too is your returns if that's when you convert. So if it suffers from the same price spike/fall that Bitcoin goes through, a person could buy ETH high, convert to HEX for say a year, earn interest, convert back when ETH is low, and have a net loss. Perhaps if a stake matures and you see the price is down, you stake for a couple of days and see if it's back up, then eventually convert back out? But let's say ETH prices stabilize and didn't change for a year or 5 years. Then when a person converts to HEX and back and pays those fees twice, it would be possible the 3.69% interest would be eaten up in fees.

The staker class is given the penalties from people who early end stake. Also, only 10% of HEX tokens are staked, so the ratio earnings is much larger than 3.69% per year.

The creator of HEX.com is forking (duplicating with some changes) the Ethereum blockchain because of the fees and efficiency. The fork entered "test net" phase yesterday. You can find more at Pulsechain.com and Telegram App under the same name. As of right now, Ethereum fees affect some HEX staking - I would say a small fraction.  

Mark Brunnr wrote:I expect I'm still missing something in the overall picture, but that's also why I didn't invest an amount too big to lose. It's fun to see the dollar value of the stakes go up, less fun when they go down (with the ETH price). But over time I expect things to level out and hopefully be a modest return.

Martin Astor wrote:

Although to save you time i'll just post part of the introduction, which is crucial:

"I have seen several articles that call HEX a Ponzi or Pyramid Scheme, both of which it isn’t. It has many features of these, but is unique in that it has so many moving parts, and complexities that these have helped to mask just how unethical a project it is..."

Davin Hoyt wrote:This is two screen shots, photoshop-ed together vertically, to convey the visual information. I used our HEX community's Staker.app to compile the stats and populate the chart. You too can download the Staker.app via cell phone and look at your portfolio in this way.

Boots' addresses update.

One of the Boots bought more HEX token (from their own pocket), which is where the portfolio chart climbed quickest. I laughed for a second, because the Boot kind of messed up what I am doing here - tracking initial investments, not on-going investments. Along these same lines, I have adopted a new way of thinking - I recommend people set up multiple addresses. It would be sad to have an address compromised. It would be even sadder if that one address had all of your stakes.

This "financial strategy" is to stake and wait.

Then you'll have plenty of time to join me weekly (Tuesdays at Noon central time) for a #HEXfoodies livestream. Let's influence lives.

This was a quicky doodle...

I'm trying to make ideas clear, and in a sharable format.

Davin Hoyt wrote:...Oklahoma Sooners jumping the gun, and their ancestry having more land than you...

This video shares a similar perspective about "sooners"...

Crypto Update:

The HEX token price went on a healthy dip. I hope we didn't lose any of you, as this could have been your first "big dip" in the chart. I've seen these multiple times. It works on our mind and body. In crypto, we refer to the strongest of hands as "diamond hands".

New people are bringing money to the market. New people are bringing their confusion to the market. New projects (that are crap and only use buzz words) are being offered to the market.

Don't be confused. I've laid it all out - here in this thread.

Richard Heart went live on youtube yesterday. He said Pulse chain is progressing. That is all we need to know.

Done. Dang it feels good to feel secure.  

What HEXicans need to be doing right now is "out bound messaging" - send messages to people you know about the opportunities in HEX.

Lately, more talented HEXicans have come to the surface via video... here is one...

Yeah seeing the price drop 50% over a month sucked, but when looking at the price chart since it started HEX has had several similar drops. So the only stinker is when new people stake when the price is towards the top just before a price drop happens, and then they panic and get out when it's low. So long as a person understands that over years is where they will earn the interest and gain in price, then it's a bit easier. Looking at the price daily or weekly just causes stress as the prices will jump around. It helps having stakes that are years in length, not only for the higher interest rate earned but also because the short term price changes don't matter.

A friend told me he lost his metamask "secret phrase" (twelve words on a piece of paper). LOL. That address was responsible for three Hex stakes, and a small sacrifice to Pulsechain Sacrifice.  

Well that would really suck! The only way I would keep the phrase on a piece of paper, is if that paper was then stored in a bank safe deposit box. My dog has eaten paperwork before, I'd never want to learn that she ate my crypto as well LOL. But as it's always good to have more than one copy of such an important piece of info, it shouldn't be a single point of failure. Getting phished and having an unprotected digital copy sitting around, and all the funds get transferred away would be just as bad. Did the friend not have the password to sign in and could transfer to another wallet with its own secret phrase? Thank you for the pie!

During the Pulsechain sacrifice phase, he sent me paypal money, and I set up the wallet.

When I returned from Montana after the sacrifice phase, I delivered to him the words on a piece of paper.

I told him, "This is it, there are no backups; I don't have this saved anywhere. It is your responsibility. Also, don't take a picture of this, and don't save this digitally on your phone. Recently, someone in the community got hacked because they were using an old wallet whose secret phrase was grabbed out of a DropBox App hack."

I had him download the Staker App to paste in the wallet address (so he could follow the wallet's custom portfolio chart). He deleted it later because he needed room on his phone for Tender App. LOL.

He never had Metamask App on his phone. Otherwise he could type in his temporary password (or thumb print) and view his secret phrase there.  

He has no computer besides the smart phone.

I questioned him about where he keeps his important paperwork like SSN card. Hopefully he will get lucky and learn a lesson at the same time.

Mark Brunnr: "Thank you for the pie!"

I liked your state of mind.

I don't hear these words much because we (crypto space) often shy from giving advice.
BitChute Video about entering Bitcoin - https://www.bitchute.com/video/sgLKaVRTFOY/

Richard Heart tweeted about an upcoming sacrifice stage!

On the Pulse Chain, a way to swap tokens will be needed. This is the preparation.

If the Pulsechain starts up this calendar year, then the tokens duplicated/gifted will count as a taxable event for those in the US. But if the tokens have no value at the time they are given, but are otherwise accessible, then the tax impact would be zero I believe. I found the following on https://pulsechain.com/: "Some countries tax their citizens when they receive things of value. PulseChain and all the coins on it are designed to start with no value, which is ideal. Consult your own legal and financial professionals, as nothing written here should be considered professional advice." So that's a nice thing, otherwise it would feel like winning a car on The Price Is Right, where the winner ends up selling the car at a used car price to pay the taxes due at the new car price.

I saw a headline today about how all the NFTs on the Etherium blockchain were hacked, and people can download a copy as a result which is sad. (NFTs not being the same as cryptocurrency) Some NFTs are odd though since you only buy a receipt and not the NFT itself. So "many copies of the NFT can exist, but only ever 1 owner at a time." ... hmm ok. A coworker is playing a game that I believe is like League of Legends where each character is a NFT, and you can level it up if you win enough games and earn winnings. So functional NFTs, even functioning as a game, seem fair. A digital form of artwork seems odd, but maybe I just don't understand money laundering or something? Reminds me of the old gold farmers in WoW who would power level a character and sell it for a few hundred dollars to save a person days of leveling.