HEX token

Mark Brunnr wrote:...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.

(one of my favorite learns in my teen years!)

Mark Brunnr wrote: ...since you only buy a receipt and not the NFT itself.

Just heard this myself today on the Pulsechain.com Telegram voice chat.

Mark Brunnr wrote: A coworker is playing a game...

Gaming novelties are in close proximity to consensus digital money.

Been ignoring the crypto threads on here for a while but I gave this one a read-through.

I'm a software engineer and developed projects on the Ethereum blockchain in 2017. I am NOT a proponent of crypto. I'm going to voice a few of my concerns and give some advice to anyone who comes across this that may be thinking of investing in digital assets.

This thread promotes MetaMask which has security vulnerabilities, please DO NOT store private keys, wallets, passwords, and the like inside a browser extension. Use a wallet like Fortmatic or Coinbase instead.

My general investment opinions (not financial advice..... but won't hurt you..)

Don't know how the industry works? Don't invest.

Don't know what a product does? Don't invest.

Don't understand how the company makes money? Don't invest.

Have no way to hold the company legally accountable? Don't invest.

Don't know the owner personally? Don't invest.

Have to make additional payments to the company to get a return on investment? Don't invest.

Have to get other people to invest to see a return? Don't invest.

Can you lose access to your investment at any time without any resistance from yourself? Don't invest.

Don't know where your assets physically are? Don't invest.

Flip all those conditions around and the majority are true. Invest.

If you invest in something and most of those conditions are telling you not to invest, you are probably in a casino.

Personally, I like to be able to spend my money without needing an internet connection.


DO, however (if you really understand the inner workings) use crypto in a way that creates value and improves lives not just like a penny stock gamble. However, this is hard to do with all the thousands of get-rich-quick scams devouring the industry. Even big established cryptocurrencies perceived by the average investor to be stable show red flags and have high risk. For example, Tether is not tethered to USD, the creators of Tether also own a big exchange (about all the creators have criminal backgrounds) that was going bankrupt so they bailed it out with the reserves of Tether and switch tether's backing from 1 to 1 USD to USD + unknown assets. Now they can print their own money and have been which may inevitably burst their bubble if the court case against them doesn't cause a crash first. Likewise, with HEX and almost any other defi platform, there is not much anyone can do to prevent a rug pull or other financial crimes since the industry is unregulated. decentralized and anonymous. There are reasons why pump and dump, insider trading, and other practices were made illegal in the stock market.

As for HEX, I don't know the owners. Hex does not have an about page, no company name after the copyright notice, just https://hex.com/disclaimer/ I don't see any transparency or reason to trust this company with any of my assets.


P.S. Crypto assets are still taxable income.

T Simpson wrote: Been ignoring the crypto threads on here for a while but I gave this one a read-through...

I truly appreciate your time, energy, visiting, and contributing!

T Simpson wrote: I'm a software engineer and developed projects on the Ethereum blockchain in 2017...

Are you crypto wealthy? (might play into your mindset)

T Simpson wrote: use crypto in a way that creates value and improves lives not just like a penny stock gamble...

Please try the experience of staking 5555days in HEX (or allow me to gift you the same).

T Simpson wrote: Tether...  

From the beginning, I recognized the lack of loyalty to a coin because of the ability to switch your value in and out of a stable coin (one to one with US Dollar). Then, I started thinking about how much value would be needed to uphold an audit for one to one. Yikes! Good thing there is USDC (also one to one; runs on Ethereum blockchain, often a trading pair with ETH; used on Coinbase).

T Simpson wrote: rug pole...

(rug pull)

I trust Richard Heart as an entrepreneur, just like I trust Paul Wheaton as an entrepreneur. These men have added excitement to my life. I found both of them by seeking a better life through the internet. Both men were doing recordings to enlighten their audience when I found them.

We have a joke in HEX: This isn't a rug pull, it's a magic carpet ride.

T Simpson wrote: https://hex.com/disclaimer/...

That link was broken, but there is a link to the disclaimer page at the bottom of www.HEX.com .

If a random person wants to get more exposure to HEX, they can find the "HEX radio app" on YouTube. It's a trip.

Davin Hoyt wrote:
Are you crypto wealthy? (might play into your mindset)

Please try the experience of staking 5555days in HEX (or allow me to gift you the same).

The project I was creating was a novel way of creating ethereum smart contracts without writing code that would have opened them up to the general public (and earned me some eth off each contract made, possibly compounding). Unfortunately, I needed some very specific compiler tech that only two people in the world (at the time) could have made happen. I reached out to them and they declined (busy or whatever). So no, not crypto wealthy. I got out of it after realizing most people in that business were criminals, government honeypots, or ignorant to the darker side of crypto. Hard to trust anyone that just goes by a wallet id. I try my best to be ethical and honest especially in an industry with such a bad reputation.

I spent my crypto on what goods/services I could, I have some NFTs floating around out there that will probably never sell. Otherwise, I am not invested at all. DeFi would be new to me.

Davin Hoyt wrote:

I trust Richard Heart as an entrepreneur, just like I trust Paul Wheaton as an entrepreneur. These men have added excitement to my life. I found both of them by seeking a better life through the internet. Both men were doing recordings to enlighten their audience when I found them.

We have a joke in HEX: This isn't a rug pull, it's a magic carpet ride.

BitConnect had entrepreneurs, influencers, affiliates--  As I'm typing this I have the hex scam faq and Richard hearts stuff open. Giving it a read, ill look into it more before I judge.

My big gripe is that it appears to be a purely speculative investment, why not stake at a bicoin casino or buy doge coin. Why would I ever invest money into something I have no control over? Is that not gambling? Whereas if I invest in a good sturdy pair of shears (or shovel or whatever) I have full control over whether or not that asset makes money and provides value to others. Hex enables speculative investing but how does it earn money? Why is it needed? I can just as easily bet on crypto without it right?

Davin Hoyt wrote:

T Simpson wrote: rug pole...

(rug pull)

T Simpson wrote: https://hex.com/disclaimer/...

That link was broken, but there is a link to the disclaimer page at the bottom of www.HEX.com .

Fixed the typo (rug pole), but for some reason, hex.com's disclaimer URL redirects you to the homepage unless you go to it via the bottom of the page.

For a skeptical take, a recent (November 14th) article discusses the peculiarities of the Hex structure and marketing and the business history of the founder.

Richard Heart’s Hex Token is a Brilliant Scam

Dc Stewart wrote:For a skeptical take, a recent (November 14th) article discusses the peculiarities of the Hex structure and marketing and the business history of the founder.

Richard Heart’s Hex Token is a Brilliant Scam

Pretty much the conclusion I came to after reading all the hex marketing. I don't see anywhere where it explains how interest is generated other than locking your coin up in somebody else's code and hoping it goes up. I'm not buying the "be your own bank" bit when I could just leave coins in their wallet; they say hex is like CDs and they can be bought and sold but from what I can tell this process is not automated and if it is how are the trading rules determined? By the founder? Unless you know how to code there would be no changing it and you would still be locked into the hex token.

Too many red flags for me, I could dive into code to verify its legitimacy but if it looks like a scam and smells like a scam then it's probably a scam.

Dc Stewart wrote:For a skeptical take, a recent (November 14th) article discusses the peculiarities of the Hex structure and marketing and the business history of the founder.

Richard Heart’s Hex Token is a Brilliant Scam

Innovation looks like magic.

Dc Stewart wrote:For a skeptical take, a recent (November 14th) article discusses the peculiarities of the Hex structure and marketing and the business history of the founder.

Richard Heart’s Hex Token is a Brilliant Scam

Taken from the article, "Richard Heart's HEX token is a brilliant scam" by Ryan, Token Review Summary
"Hex is the most blatant scam coin where it is written right into the contract that the founder could mint himself as much as he wanted for the first year of the contract’s existence, that he got a copy of referral bonuses and adoption claims, and that he still gets half of all penalties and fines in the entire Hex system leading to an obscene founder’s share of 88% of all Hex tokens."
My rebuttal: When you stake, you trust in the contract, and the life of Ethereum project. A large benevolent holder could keep bad players from overwhelming the system. What if the largest holder wasn't Richard Heart, and instead, can't be defined.

Taken from the article, "Richard Heart's HEX token is a brilliant scam" by Ryan, Token Review Summary
"As such, Richard Heart has total control of the ‘interest’ rate everyone receives, has the ability to front run every large ‘stake’ that is ending, and his greed led to an enormous amount of capital (around $6 billion) that must be brought in to absorb the freshly minted tokens that are unloaded at the end of retail’s stakes. I’m pretty sure that Richard Heart won’t ‘rug pull’ because a smart parasite doesn’t kill its host, but he will have to dump his massive holdings onto the masses over time in order to cash out."
My rebuttal: He is a benevolent participant in the evangelism of HEX token.


Taken from the article, "Richard Heart's HEX token is a brilliant scam" by Ryan, Token Review Summary
"The most common (only?) rebuttal by Hex shillers is it is not a scam because their account balance has gone up or they’ve actually sold and made money. Yes, you too can make money with scams if you buy earlier than the majority. People also thought that they were getting rich with Bitconnect, but only those that sold before the bottom fell out one day, actually made money. The same happened with Bernie Madoff."
My rebuttal: Hexicans trust in the contract, and the life of Ethereum. You have no minimum. You stake HEX, you mint HEX rewards. Outside market factors apply, but HEX has a bit of an independent ecosystem.

Taken from the article, "Richard Heart's HEX token is a brilliant scam" by Ryan, Token Review Summary
"Anyone who buys into this scam will feel confident about their wallet balance until the token begins a downward death spiral as a result of freshly minted tokens overwhelming new investors (are we at that stage now?).

Since there isn’t an economic driver underneath the Hex covers, those that actually understand the mechanics of the token are just betting that a greater fool is going to come in later and buy not only their tokens, but an additional 40, 80, or 120+% of them at a higher price years later. Anything can happen in the short term, but it requires a huge expansion of Hex buyers over time for that fantasy to materialize."
My rebuttal: HEX has monetized TIME.

Taken from the article, "Richard Heart's HEX token is a brilliant scam" by Ryan, Token Review Summary
"A little marketing does wonders in the crypto world, so Richard Heart and the Hexicans use that principle extensively to find these buyers but at some point the smoke and mirrors will be evident to everyone else and there won’t be any buyers left.

When a token has gained 2,000x in two years as a result of marketing and manipulation, there are a lot of people who have contributed minimal amounts of their own capital but are counting off the days until they can sell to someone else and realize a massive win. These are people who are not going to tell you to hold off on buying. It’s best not to ask the ones who benefit from your ignorance whether you should buy."
My rebuttal: I don't think much marketing was done for HEX. Most Hexicans were people navigating YouTube. HEX is kept on the third page of a popular website Coin Market Cap. If marketing money was used, placement on a market cap website would be high on the list of to-dos.
I don't care if you buy. I care about spreading the message to people who are ready to decipher it. "Want to interact with this contract to earn more?" Come experience the mentorship happening in Pulsechain telegram voice chat; its cool to see.

Taken from the article, "Richard Heart's HEX token is a brilliant scam" by Ryan, Token Review Summary
"It’s right in the name: You are being Punk’d. (screen shot image of dictionary definition of hex)"
My rebuttal: I believe this is just marketing of today. Where we have arrived. Richard was able to purchase this (hex.com) three letter domain name! However, if it is a spiritual invitation of darkness into one's life... then we all have some clean up to do; let's take those standards for a nationwide spin.

T Simpson wrote:... So no, not crypto wealthy. I got out of it after realizing most people in that business were criminals, government honeypots, or ignorant to the darker side of crypto. Hard to trust anyone that just goes by a wallet id.

HEX is two years old. Wallet stakes, past and future, can been seen on visual dashboards.

T Simpson wrote:... but how does it earn money? Why is it needed? I can just as easily bet on crypto without it right?

The contract splits the inflation amongst the staker class. (inflation is 3.69%, and paid in HEX tokens) Stakers don't need to trust each other, just the contract. I wouldn't buy just any crypto. The HEX contract (functions) provides a reason to stay loyal to one crypto.  

T Simpson wrote:Pretty much the conclusion I came to after reading all the hex marketing. I don't see anywhere where it explains how interest is generated other than locking your coin up in somebody else's code and hoping it goes up. I'm not buying the "be your own bank" bit when I could just leave coins in their wallet;

There is no middle man. You can earn tokens using tokens, time, and the HEX contract. What the price is of a token when you want to sell, is of no concern. That is the wild market's concern. That is of your concern (hypothetically) tomorrow, or your concern (hypothetically) when you really need it in four years. And when you don't sell by necessity, you continue with abundance.

T Simpson wrote:... they say hex is like CDs and they can be bought and sold but from what I can tell this process is not automated and if it is how are the trading rules determined? By the founder? Unless you know how to code there would be no changing it and you would still be locked into the hex token.

There is no minimum. The contract is law. If you don't finish out your stake, you will be punished by the number of tokens the contract allows you to mint (when ending the stake by interacting with the contract).  

So hex represents the share of a pool of ethereum (what governs the token) where if you hold your hex for the time you say you will you are allowed to receive the inflation gain between your entry and exit of the pool when you do sell, but if you pull out early you just get the current speculative value of the share of hex token?

Is the inflation value arbitrary or tied to ethereum's speculative value? If not then is a user converting their money to hex therefore converting the value of their currency to hex's speculative value based purely on its user base?

How is that not just a contract to be in a pyramid scheme where everyone is just agreeing to jump ship when they said they were i.e. in 15 years. Just recycling money based on speculative market fluctuations.

I suppose the "punishment" is to try to prevent this, does this mean that you could lose more than you staked originally, otherwise what is the point of punishing pulling out early? I see no reason why hex is any more stable than any other scheme or crypto investment pool.

Am I correct in my understanding?

It seems the initial wallets and funds were seeded by the founder to give the project the appearance of a  large number of active participants when in reality the initial stakes were from dummy wallets controlled by the founder. Kind of a dishonest marketing tactic IMO. I just can't wrap my head around why the project uses so many of the same tactics as most crypto scams while claiming it is not. I suppose the blockchain doesn't lie and it has the users now.


Does hex give a user a greater ROI over just holding in a private wallet? I don't see how hex can offer a profit beyond standard inflation rates without taking money from newer investors who have not cashed out yet. The only thing keeping it from falling apart is the bet that not everyone will jump ship at the same time. I might as well hold fiat or bonds in a big ol shared bank account.

I've been away for a bit. Sorry about that. Girlfriend moved to Mexico and I have been getting in touch with my local freedom peeps on Telegram app. I think everyone should do a Telegram search for groups in your area, if you haven't already.

The HEX community is in a sacrifice stage right now. This is like an ICO. This particular sacrifice's rules, are similar to the sacrifice that took place last summer. This current sacrifice stage is dedicated to the "swap token" that will exist on the coming Pulsechain blockchain.

Right now, you can "sacrifice" at www.pulsex.info . I recommend you look into this, especially if you did not sacrifice last summer (for the Pulsechain blockchain).

This is time sensitive! Beware of the possibility of you finding this message too late!

There is a Telegram chat for PulseX: https://t.me/PulseXcom
There is a website for PulseX: www.pulsex.com
There is a sacrifice website for PulseX: www.pulsex.info
There is a leader board website for the sacrifices for PulseX: www.pulsexlead.com

$670M was sacrificed for Pulsechain blockchain.
$900M has been sacrificed for PulseX thus far.  

#PulseX #Pulsechain #Hex

Great questions.

T Simpson wrote:So hex represents the share of a pool of ethereum

No.

T Simpson wrote:(what governs the token)

It's a contract on the Ethereum blockchain. You run functions to interact with it. You pay to have your actions done, based on what is allowed via the solid contract (called HEX sitting on the Ethereum blockchian).  

T Simpson wrote: where if you hold your hex for the time you say you will you are allowed to receive the inflation gain between your entry and exit of the pool

When you stake HEX token, you interact with the contract. The HEX tokens are burnt. The contract identifies that your wallet address was awarded Hex shares. These shares are your placeholder in the system. When you pull out, you interact with the contract again. You run the function "end stake" (as opposed to "stake" when you entered). When you run the "end stake" function, the Ethereum blockchain looks at your shares, and the time period you were staked, and "mints" you new tokens accordingly. Tokens will be in your wallet thereafter. Process complete.

T Simpson wrote: when you do sell, but if you pull out early you just get the current speculative value of the share of hex token?

When you start a stake, you must select how many days you intend to stay staked (and keep in mind: everything is transparent). The contract allow you to select any number of days between one and 5555 days (15.2 years). If you "end stake" before the time period is 100% completed, you will be punished. You will not be able to "mint" the amount of HEX tokens that you could have had you waited out the rest of the time period.

Here are two fun websites that were made by the community: hex.vision , hexdailystats.com

T Simpson wrote: Is the inflation value arbitrary or tied to ethereum's speculative value?

The HEX contract (Ethereum address 0x2b591e99afe9f32eaa6214f7b7629768c40eeb39) sits on the Ethereum blockchain. It is coded to trickle 3.69% yearly inflation into the system, via shares. Meaning, the people who stake, are the people who receive the inflation.

The HEX token price stands separate from the Ethereum coin price.

T Simpson wrote: If not then is a user converting their money to hex therefore converting the value of their currency to hex's speculative value based purely on its user base?

HEX token is a stand alone price. People who are entering crypto for the first time, would need to get some crypto, then, trade it for HEX token (buy HEX token).

T Simpson wrote:How is that not just a contract to be in a pyramid scheme where everyone is just agreeing to jump ship when they said they were i.e. in 15 years. Just recycling money based on speculative market fluctuations.

We are making a currency, the size to incorporate the needs of a nation. This is the power of programable money. A pyramid scheme would place each participant at the time they got in, and everyone below them helps increase their outcome. Instead, HEX has intense game play of money. There is no referral program. The token price does not necessarily go up in price.

T Simpson wrote: I suppose the "punishment" is to try to prevent this, does this mean that you could lose more than you staked originally, otherwise what is the point of punishing pulling out early?

If you "end stake" with less than 50% of the time period served, you dip into your principal. Keep in mind, your principal and inflation reward are in HEX token amounts.

I believe HEX is the first crypto that is coded for loyalty. I think they call it "stickiness" these days. No other crypto has the user make their coins/tokens unavailable for long periods of time, and punishes them if they don't do what they said they would do. The staking feature keeps people in the coin, even when the price goes down. Right now, thanks to stable coins and large exchanges, people can easily exit a coin/token that is falling in price.

T Simpson wrote: I see no reason why hex is any more stable than any other scheme or crypto investment pool.

The founder is permies, active, and protects his community. The HEX contract is a finished product, instead of a work in progress which makes promises into the future. HEX is the first time deposit on a blockchain. The founder is creating a new blockchain to bring his creation (the HEX contract) smoother seas. And, because this is an honest product rewarding responsible actions, people with good intentions have migrated to it. The community continues to grow and develop what it wants to see.

T Simpson wrote:Am I correct in my understanding?

In general, stable coins are coins that are tied 1 to 1 with the US dollar. HEX is not a stable coin. HEX has appreciated over 1000x while sitting in my wallet. Bitcoin I missed out on, but Bitcoin has appreciated over 1,000,000x in it's life span. We are talking about the most appreciating assets in human history. Participants need to be ready for volatility. Eighty-five percent drops have happened in Bitcoin.

The founder of HEX token often tells people in interviews, "You could have bought HEX, then, sold it on a double.... sold it on a double.... sold it on a double... sold it on a double... sold it on a double... sold it on a double... sold it on a double... sold it on a double... sold it on a double... sold it on a double... sold it on a double... sold it on a double... sold it on a double... and played with house money clear of emotional attachment". (That's 13 doubles.) Get it? You could have pulled out your initial investment.

T Simpson wrote:It seems the initial wallets and funds were seeded by the founder to give the project the appearance of a  large number of active participants when in reality the initial stakes were from dummy wallets controlled by the founder. Kind of a dishonest marketing tactic IMO. I just can't wrap my head around why the project uses so many of the same tactics as most crypto scams while claiming it is not. I suppose the blockchain doesn't lie and it has the users now.

To start a currency that is powerful enough to serve a nation's needs, many initial holdings were necessary. I believe that one address holds the majority of liquid HEX tokens, which keeps the system from being attacked successfully. I believe this address does not sell HEX tokens, and does not stake HEX tokens. Therefore, portions of the inflation are not awarded to this address. Also, the contract awards this address portions of the penalties when people get punished. I believe that is done to keep an appropriate balance going forward.  

T Simpson wrote:Does hex give a user a greater ROI over just holding in a private wallet?

If you "stake" HEX token, you get more HEX token (which is your portion of the inflation). If you hold HEX token in your wallet, it's US dollar value could increase or decrease while you hold it.

Prior to HEX, if a person wanted to earn interest on their crypto, they would need to send it out of their wallet to a third party. Those experiences didn't go well

T Simpson wrote: I don't see how hex can offer a profit beyond standard inflation rates without taking money from newer investors who have not cashed out yet.

I already described how the one large address holding keeps it's HEX liquid, and therefore, is not awarded a portion of the inflation. That allows the stakers to be awarded a higher portion of the inflation. With that said, I think we need to talk about the ecosystem of HEX and other coins. In Defi (decentralized finance; AKA finance 2.0), there are many pools of matched tokens, to swap what you want, for what you currently hold. With the complexity of these pools, paired with the intentions of HEX users, the price of HEX token is made from multiple different factors. The way things are going: If some people sell, there are others ready to buy.

T Simpson wrote: The only thing keeping it from falling apart is the bet that not everyone will jump ship at the same time. I might as well hold fiat or bonds in a big ol shared bank account.

Genius or scam?

In case it wasn't clear prior, the HEX contract cannot be edited, and within it's code, shares become more rare. That is to say, you will need to stake more and more HEX tokens to earn the same amount of inflation, per each stake. Each stake stands alone and cannot be edited after it is enacted. You cannot increase durations. You cannot increase principals. This is why I tell the Boots at Wheaton Labs, "stake it out as far as you can, I'd prefer you do 15 years..." with the free tokens I provide them. You can see the share/token chart at the websites above, and at www.go.hex.com when you are about to create a stake. The founder referred to this feature as "ratcheting" - the increase of share price in terms of tokens being programmed into the contract. This is truly a time sensitive product, running the simplest of functions, yet dynamic, strong, and causing many complexities.

Programmed money, holding a value based on it's users.

Speaking to dollar value perceptions:
1) The phone application called Staker App (that I have provided screenshots from in prior posts), calculates wallet address values. The values include staked and liquid amounts. These might be misleading, because the stakes are in progress, but overall, it's a very nice app. Because each day in HEX has a start and stop time, the portion of inflation can be calculated, and shown in the US dollar values on the app.
2) If you were to visit a trading pool website with one million US dollars worth of HEX token, and try to sell it ALL in one SELL order, you would experience slippage, as well as a transaction fee. You would not receive 100% of the US dollar value in return. Everything depends on the time you choose to act.

I am plugged into the HEX community. We think big things are coming in 2022. Crypto is growing in popularity, and we Hexicans have great seats for the show.

While I have zero interest in putting money or time towards crypto/blockchain/NFTs/etc, I do use crypto occasionally as a transitional currency for facilitating international payments (sender converts local currency to crypto of choice, send to recipient, they immediately sell it).

After reading through this thread I am more skeptical than optimistic about HEX, but Davin - regardless of what the future holds, I wish the best for you. If it does well, then I hope you become rich - and if you start to have doubt, then I hope that you are able to recover all of your investments and view it as a fun learning experience rather than something to regret.

I'll be keeping an eye on your journey and I look forward to seeing your posts!

"We have monetized time on the blockchain." -Richard Heart

"We looked at traditional finance's time deposits when designing HEX; it's similar or the same things." -Richard Heart

My notes:
This is in a space where you constantly see the shelf price of your programs.
HEX token assists that space with a different product to secure another financial need/desire; a time deposit.
Instead of thinking everyone is going to jump ship, I think oh God what kind of a beast has been created!!!
Holding value, ready to dispatch it, is important.
The connectivity with other people and being in the same ecosystem of programs is important.

THANKS FOR READING AND KEEPING UP!

Logan Byrd wrote:While I have zero interest in putting money or time towards crypto/blockchain/NFTs/etc, I do use crypto occasionally as a transitional currency for facilitating international payments (sender converts local currency to crypto of choice, send to recipient, they immediately sell it).

What are the most common currencies they request?

Logan Byrd wrote:After reading through this thread I am more skeptical than optimistic about HEX, but Davin - regardless of what the future holds, I wish the best for you. If it does well, then I hope you become rich - and if you start to have doubt, then I hope that you are able to recover all of your investments and view it as a fun learning experience rather than something to regret.

Thank you, because it would suck for me otherwise.

Logan Byrd wrote:I'll be keeping an eye on your journey and I look forward to seeing your posts!

Some videos to mark the time:



















A video from times past:



I think I posted this previously:

Davin Hoyt wrote:What are the most common currencies they request?

Bitcoin and Litecoin are the only two that have been consistently requested, but Dogecoin, Monero, and Bitcoin Cash are the others that I can remember using at one point or another. I think there was also one that had something to do with goats, but I have no idea what it was called.

Surprisingly I still haven't used Ethereum as a transitional currency, but I do not know if it is either only popular among those building derivative works relating to it, or if there is something about Ethereum that makes it less suitable for payments.

Here is my latest visual diagram.

Logan Byrd wrote:Bitcoin and Litecoin are the only two that have been consistently requested, but Dogecoin, Monero, and Bitcoin Cash are the others that I can remember using at one point or another. I think there was also one that had something to do with goats, but I have no idea what it was called.

Surprisingly I still haven't used Ethereum as a transitional currency, but I do not know if it is either only popular among those building derivative works relating to it, or if there is something about Ethereum that makes it less suitable for payments.

Very interesting. I can think of a few categories:

A. stability business person/volatility speculative person
B. secrecy
C. industry (less conversions when doing business)
D. sales (just take any money they got)
E. size of payment (fee takes a bit for low quantities)
F. size of fee (some blockchains charge more than others)
G. decentralized finance hub offering a trading pair (the hubs act as banks, like Coinbase)
H. culture, feelings of attachment, grew up with it. <-- the lucky few portfolios that super-performed
Null.  speed; not fast is fine. <-- what say y'all?

Davin Hoyt wrote:Instead of thinking everyone is going to jump ship, I think oh God what kind of a beast has been created!!!

Share worthy forum post somewhere on the internet:

Seriously? Financial advice from an image that originated on "4chan" and features the antisemitic "triple parentheses" text code?

Triple Parentheses

4chan

If anything, I believe that the image you posted does more to discourage people from looking into / buying HEX than any form of encouragement or positivity.

(also, it might just be me, but the text in that seems to be heavily laced with sarcasm or is parodying some other speech)

@agapehex on twitter was contacted by a NASCAR team wanting sponsorship for the up coming Daytona 500 (February 20th). So he and @motleyinvestor raised $600k in 5 days to beat a deadline.  

Organizing people is powerful. I'm grateful for these guys and it's a pleasure to see them do this. I think a lot of HEXicans will enjoy themselves and bathe in the culture that is NASCAR. I personally, have never experienced it, and plan on being in BeltonTX that weekend; Uncle Mud is doing a workshop over there!

Oh gosh what do I say. ?

Pulsechain might launch in about two weeks says Richard (RichardHeart.com). The first of two sacrifices took place last July. It has been a long time, but not as long a I waited for HEX :)

We are having all sorts of growing pains in the HEX community. Some longtime members are setting up businesses, trying to funnel the new people. Some of us don't know how to interpret this yet. Another growing pain is when new people are immature in the chats and voice chats. We're getting a flood of people.

Twitter has a voice chat feature nowadays. I have been voice chatting in some of these "twitter spaces" with other Hexicans as I go about my day. And when Elon Musk made the purchase agreement for Twitter, Richard Heart got his official blue check mark the following day, which helps a ton when you're trying to stop impersonators and save millions of dollars from being lost.


I went to the second annual Hexican Vegas Meet up this year March 6-9. The best thing about Vegas is the food.


I went to the second annual FloteFest.com in central Texas last weekend, and perched underneath a merchant tent in a field with other Hexicans. We talked to all sorts of people, at their comfort level, about their crypto. Two of Paul's recent interviewers were speakers. The event was free. Open bar tickets $30 a day. Mark your calendar for next year. Gause, Texas. I talked to Bitcoin Ben!


Hedron has launched. (coin made by a Hexican) Hedron.pro ; Free claims available for HEX stakers.


Maximus Dao has launched. (coin made by a Hexican) Maximus.cash


PulseDogeCoin has launched. (coin made by an anonymous Hexican) PulseDogeCoin.com ; Free claims available for HEX stakers.


One of the Hexicans created Hex Arbor Day! We are encouraging Hexicans to plant a tree, and ask local nurseries for advice.


If you are worried about knowing how to use the Pulsechain once it has launched, you can practice on the test net now.

I am predicting heavy trading volatility immediately after the launch. I will give myself a few months to move into the positions I want.

More content soon. Takecare!

All markets are in a dip.

In a dip, people are able to lower their average entry point.

Here are two perspectives I would like to highlight:
1) HEX has been running for 1009 days. We are very early in the life of this financial time deposit (you can use from your home computer).
2) The HEX system continues to grow with new stakers. Hexicans are sending out mail, posting up in twitter spaces, and onboarding in their local area.

If you want to see me daily: HEXfutures on youtube
If you want to see me weekly: HEXfoodies on youtube
If you want to see my models: Davin Hoyt on youtube

I hope everyone makes wise decisions while our governments attempt to sell us....

That's an interesting price chart. An x-axis extending 20 (empty) years into the future and a logarithmic y-axis ranging from 0.0001 dollars to 400 trillion dollars. A simple linear chart is a bit more revealing of price performance.

Got some more charts to get people thinking...

While I appreciate the sharing of charts, using the log scaling for one and linear for the other feels visually deceptive. In September 2021 HEX peaked then money started leaving HEX which is currently down over 92%; and went into Bitcoin which peaked in October, but bitcoin is now down over 72%; then money moved into Ethereum which peaked in November and is now down over 68%. I checked a few others which were also down around 60-65%. So HEX was hit a lot harder which some will read as either "a great time to buy more" or as proof that it was a pump and dump scheme.

The 'great time to buy' chant makes me laugh, as it was a great time to buy when it dropped from $0.45 to .30, then at .20, then at .15, then at .10, then at .05... Maybe now that it's been stable at around .03-.05 for a while a person could convince themself to buy more. But as mentioned before all crypto currency depends on taking money from others if you ever plan for it to be worth more than you paid for it, very much like a pyramid or ponzi scheme. Since the money isn't backing something of actual value the way say a stock does for a company, the only way to make money is buy taking it from others.

Edit: what is that HEX X chart supposed to be showing?

Mark Brunnr wrote:...using the log scaling for one and linear for the other feels visually deceptive.

I was showing BTC and HEX in both, log and linear. Because new currency/stores of value are shaky at adoption, and either chart could be convincing.

Mark Brunnr wrote:...some will read as either "a great time to buy more" or as proof that it was a pump and dump scheme...

We boast about 1000 days uptime, because pump and dumps don't last through a bear market.

Mark Brunnr wrote:...very much like a pyramid or ponzi scheme...

When humans create store of value that rivals gold, and national currencies, it looks like a ponzi (when it is small). Maybe rivaling the national currency from which your project is born will always look like a ponzi? But HEX is a time deposit on the ETH blockchain. It is not meant to be used peer to peer.

Mark Brunnr wrote:what is that HEX X chart supposed to be showing?

I wanted to show what a 0 to 1,000x to 10,000x looks like on a linear scale chart. From 0 to 1,000 is small. From 1,000 to 10,000 is large.... but it's only a 10x. The smaller looking thing is a the 1,000x thing.

An interesting recent (June 18) article appears in BNN Bloomberg News.

Memories of Bitcoin-Beating Returns Keep Hex Holders Hanging On

The opening paragraphs:

(Bloomberg) -- The more than 100,000 devotees to a little-known token called Hex swapping jokes and encouraging each other to stay bullish over the Telegram messaging app shows the desire to get rich quick remains as strong as ever in the midst of the latest crypto winter.

Even though the coin is among the thousands that trade at just a few cents, it has developed an outsized profile. Hex’s creator, who goes by Richard Heart, has positioned himself at the center of the hype, projecting an over-the-top presence on social media with his designer track suits, expensive jewelry and luxury vehicles. While Heart projects endless optimism amid aggressive marketing, which includes old-fashioned direct-mail promotions, the value of the token has tumbled more than 90% from its all-time high in September.

(Bloomberg) .... includes old-fashioned direct-mail promotions...

I just spent $1,400 sending mail (postcard above) to 5,000 of my neighbors.

Here is Richard Heart from today:

Things are heating up in the crypto world. Every week, if not every day, there is new gossip.

An exchange website has failed, and chewed up by everyone afterward. It was called FTX, and was advertised everywhere, including the  last NFL Super Bowl. The people behind the exchange are at fault, NOT CRYPTO IN GENERAL! There are some volumes that has political and war ties as well. I hope you know who I'm talking about:)

Anyway, the common account holder lost their funds. This is a new lesson for some people, but an old lesson for myself. "Not your keys, Not your coins." This means: hold crypto on wallets that you have the private passwords to, rather than having an account with a third party.

Here is Richard Heart recently:


$HEX Price Update: $0.03
$BTC Price Update: $16k, anticipating lower.
Pulsechain Sac Update: None
Hexican community status: Strong and ever-morphing
Government outlook: SEC investigation
Capable Dividends: Hedron $HDRN

Davin Hoyt wrote:
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.

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.

Hi David. I'm back from digging my pond. It was time well spent. I hope you took the time to "go back to basics" and learn financial literacy. It will be only to your benefit.
Admittedly, I didn't plan on responding, but your rhetorical "projecting much?" comment struck a particular nerve; it is the haughtiness of someone both foolish and arrogant. I can deal with each one separately, but when the two are hand in hand it is particularly destructive. As such, this post will be more as a cautionary tale for whoever happens upon this thread. I have no interest in engaging with you further- you possess a conviction which is admirable, but clearly often misapplied. To those who see my post as rude, I apologize. I tried to be more gentle in my first post, this one will be more blunt.

Davin Hoyt wrote:
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.

I've asked myself this question many times. You know nothing about me. And even if I did promote a nation state organizing a currency, that has nothing to do with the merits of my stance and the facts I had laid out in my earlier post. The rest of this comment is gobbledygook. I know what HEX is "supposed to be", but I also know what it is.

Davin Hoyt wrote:
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.

Which is why Richard transferred the mechanics of HEX over to Pulsechain? A chain that was supposed to be a better Ethereum, but then ended up literally just copying most of Ethereum's code? (Richard Heart himself admits to this. I don't have the clips on hand, but if anyone is particularly curious I can dig for them)

Davin Hoyt wrote:
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.

I understand math. Let me know how it's working out for you.
I don't care if I was second in line to buy into Richard's scams. I don't condone them and I certainly won't help spread them.

Davin Hoyt wrote:
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.

It's math. It's all in the code. It's all transparent...but he also needs to hide it from the foreground because of human nature. Do you hear yourself?

Davin Hoyt wrote:
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.

Why does a deposit need to be active? [This is rhetorical- it doesn't.]

Davin Hoyt wrote:
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).

No. You're just trying to justify your selfishness. I have no problem with people getting rich and I applaud hard work that gets rewarded. What you're doing is not that. What you're doing is hoping on an investment of "early bird gets the worm", a rube goldberg of financial lunacy that needs to bring in new suckers to pay out the old suckers.

Davin Hoyt wrote:
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.

An easy situation to understand indeed...

Davin Hoyt wrote:
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.

This is not projecting. Let's cover the facts.
I have never gone long or short any of Richard's projects, whether directly or indirectly. That means I have no financial incentive whatsoever, in any direction. You spent nearly $2000 on door-to-door marketing alone, to say nothing of your net worth that you've sunk into Richard's scams.
I anonymously made one post, one, with the sole intention of warning people to protect the livelihood they've stored as money. You rambled for 3 pages selling people a fiction. I have nothing to gain while real, hardworking people have everything to lose.

That you so casually call it projection proves to anyone of even basic understanding of crypto markets (and frankly, finance in general) that you no not of the topic you speak of. I pity the people who have listened to your "advice". The HEX system is changing lives? I can believe it, the question is how? The hurting will only continue...

Davin Hoyt wrote:
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.  

"Hop to this Permies!" Listen to the siren song of the leader who will lead you to the promised land! Freedom is just around the corner! All you need is faith (and money to keep the ruse going). When the music stops and the lights come up, you'll know where you stand.

I said "a quick Google search" to save people time and to give them a rough idea of the general sentiment around Richard and his projects. Spoiler: I've probably known about Richard and his ideas longer than you have. The light is shining through and I'm basking in the sunlight.

https://www.sec.gov/news/press-release/2023-143
https://www.reuters.com/world/us/us-charges-youtuber-richard-heart-with-fraud-related-unregistered-crypto-2023-07-31/

You can make snarky comments about "state controlled", "national interests" etc. But the facts are clear to anyone not neck deep in these scams: Richard is a fraud, his projects are lies, you were duped. I recommend you take the time to lift up those around you rather than double down on the mistakes you've already made. It's okay to be wrong. It's not okay to turn a blind eye to sinful behavior.

I don't mean to be particularly active, but if anyone wants to chat feel free to PM.

Good luck to all.

So I guess this isn't a good time to spend $4.50 to purchase the OP's pdf that tells me how to get guaranteed big bucks by jumping on the Hex bandwagon?

Let me tell you about crypto's HEX token and the ease at which you can earn a yield in HEX tokens

Hi, I am late to the bitcoin party here, but after my research the last decade in bitcoin, I am prompted to share what I have learned, for what it's worth. Despite what some people say for whatever reasons (even the judge in the recent court case), Craig Wright, polymath autistic genius and fraud auditor, ordained minister and former pastor is the creator of the original bitcoin (now BSV) Craigwright.com. - IT IS NOT A CRYPTOCURRENCY. "People get it wrong.."
It is a commodity built to operate within the law (commerce) but with a now locked base layer protocol that is complete and patented and protected to be consistent, distributed and never changing (what is built on top it can be changed or upgraded but the initial base layer is set in concrete). It is built initially for India, Africa and Philippines to uplift those in poverty and then to expand. Designed for the People to own data (commodity) and assets which is a HUGE threat to google, facebook, etc. (hence COPA) and ultimately a digital commerce system for "people" to interact directly. Satoshi says banks will become large mining centers as they are already in the security business. With this system, power is removed from money.
You can see over 100 videos of Dr. Wright's lectures and masterclass via BSV Association and Coingeek on YT. It is a TECHNOLOGY to be integrated with the new internet standard upgrade. Satoshi created nChain who holds his thousands of patents and although you may not see his name, he creates businesses and sits in the background, as an autistic person who wants to work and create would.  There are no forks in bitcoin and the initial change in protocol by MIT (Jeffrey epstein helped finance) to separate signatures from contracts stored off chain and hobble it's capabilities is a hijacked version and protocol change that kept the ticker, posing as the original all this time and no longer capable of operating as described in the white paper. Only one small aspect of this technology operates as a peer to peer digital cash and designed to de-incentivize fraud.  
BSV is capable of hundreds of billions of transactions per second, worldwide adoption and becomes more secure the larger it gets, and less expensive.  It is inevitable that it wont be adopted eventually as it is very lucrative to even google. IBM is already working with BSV and although i dont keep up as closely anymore, Dr. Wright is working with the banking industry, governments and has assisted in shutting down crime rings. When his invention was stolen and broken, he got pissed and determined to remove and expose the criminal activity. This comes out in many of his interviews in bits and pieces. He also holds interesting global positions in Asia related to technology and internet.

I am not good at putting my thoughts into words on the page... it is what it is!

Some references are below.

https://unboundedcapital.com/scalable-blockchains-overview

https://www.amazon.com/Satoshis-Vision-Bitcoin-Craig-Wright/dp/1688735925

https://www.amazon.com/Bit-Coin-Merging-Digitality-Physicality/dp/B0CNSXGQR9/ref=tmm_hrd_swatch_0?_encoding=UTF8&sr=1-1-catcorr

https://www.youtube.com/@CoinGeek/playlists

https://www.youtube.com/@BSVAssociation_/playlists

https://t.me/BSVEducation