Can't believe he actually staked all the Hex in the origin address. Hex is at 98% staked now, and the BPD payout went down because all the Hex stored in Richard's origin address, from eth recycling, staked riiight before BPD ended.
Went from 18% staked a few days ago to 98% staked, everyones BPD payouts went fromx 2.5 to x3 principal to about x0.3
Thanks Richard. Was having a billion dollars of Etherium and half of the Hex supply not enough money for you?
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were you expecting anything else
I don't understand what happened
so who got scammed?
shocking, i thought richard heart was a man of charity
hahaha did this actually happen
Never trust a faggot in a hat like that who wears rings
is "BIG PAY DAY" not misleading at all
so glad i didnt buy anything and just got my freeclaim. Now the risk is whether the gas costs are even worth it when i can finally cash out.
Holy shit. What a slime ball. So he staked and diluted stakers and will surely dump on everyone's heads?
No-one, but I'll explain:
1) Hex had an event called big pay day. All the hex available to BTC holders as the snapshot day was being given out, since most BTC people didn't claim their Hex.
2) To get into to the BPD, you needed to stake (lock up) your hex for at least until the day of the BPD, max stake is 15 years. Longer you stake, the higher your share of the BPD.
3) A few days ago, the BPD payout to most people was about 3x their principal because only 18% of hex was staked. Most people assumed they would be getting at least a 2x on their principal as the amount staked was so low so their share was high.
3) BPD just ended recently, the amount of Hex staked is now 98%.
4) Richard has a huge stash of Hex owned by himself, although its not publicly admitted for legal reasons to do with securities and getting BTFO by the SEC. During the launch, you could exchange Etherium for access to a daily pool of minted Hex, the amount you get based on how many other people are in the pool. Richard was recycling Hex into the AA over and over, so for example say I put 10 eth in- that goes to an address that RH can access. He takes my 10 eth, moves it to his own wallet, then puts it through the AA the same way I did. 10 eth goes back to his address, but this time he also gets a share of the daily Hex pool as well. He can do this as many times as he wants each day, nobody knows exactly how much he was doing it.
5) RH probably owns between 50 and 70% of all Hex in existence because of this. He left it unstaked right up until the BPD so people thought they would get a bigger payout.
6) He staked it at the last moment to get an enormous share of the BPD, so it went from a 3x return to a x0.3 return, from 18% hex staked to 98% hex staked.