Where in Bitcoin you need to buy miners to get new BTC, which has always been less profitable than buying the token itself, in HEX you need to buy the coins to do the same thing. More coins staked longer are the same as more and better mining gear.
HEX has less negative externalities. Doesn't benefit centralized mining cartels and China's energy companies who pollute the environment. Less waste of energy, due to using Ethereum while providing value to the ETH network as a result.
Long term HEX holders actually get rewarded for such behaviour by getting a larger share of the overall network over time if they stake, whereas in Bitcoin, the amount of your coins stays the same if you hold.
The criticisms raised against HEX can be said about almost every project. Same as Bitcoin or Ethereum were called scams in the beginning, now HEX is labelled as such, due to being a complex and novel idea, that people still largely misunderstand. It's going to take time for people to get how much better it is and why.
If you like Bitcoin, HEX just does everything better, while providing new features, which allow it to take on a much larger market, both store of value and time deposits. Payments and anonymity are also possible through layer two solutions.
i rather have 10 out of 21 mill and a lot of liquidity, then some peanuts of a 600 billion coin, where half is owned by 1 dude. it also relies on eth not failing, so no, bitcoin all the way
James Gonzalez
imagine being this dumb and using top 100 holders. 1 dude can have multiple accounts and it got proven that richard has so many of them.
Elijah Cox
Bitcoin has an extremely centralized mining ecosystem, where 65% of the miners are in China. This is the centralization which actually matters. The gamble you are making is trusting China more than RH in this case.
Holder centralization only matters if they decide to sell. If they don't and use the coins to incentivise better behaviour, such as it's done in HEX, then it's a feature not a flaw.
If ETH fails the whole HEX system state can be transported to another network, so that's not a problem.
Meanwhile HEX does almost everything better than BTC, while doing more and having more room for upwards trajectory. If you like BTC, hating on HEX is entirely misguided.
Jonathan Brooks
They're obviously split among many different vallets. I would Estimate Richard's actual holdings to be around 60-65% of the ecosystem, which is still less than Link, BAT, AMPL or many other tokens.
I'm not hating on the centralization as such though. It matters only if the holders sell. As far as I know, AMPL and Link has constantly been dumped on holder's heads, while the HEX held in the origin address and addresses related to it has just sat there untouched.
Oliver Phillips
axion will be better, soft for of HEX launching end of oct/early nov
