Why
This shitcoin is dead isn't it
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>Why
WHAT PART OF PONZI SCHEME DO YOU NOT UNDERSTAND?
why?
Why
it's not "technically" a ponzi scheme, but locking your money up with the hopes of higher rewards in the future that are expected to be paid by... other people staking with the hope of higher rewards in the future pretty much fits
the hex website tries to claim hex is the "CD of crypto", but don't mention that a CD is money given to a bank that is loaned out to generate income on the money given in the CD. hex has no lending feature to generate income from the hex staked, only money from future people will buy hex to stake in hopes more future people will come buy a by it
>Why
>Why
If you give people 2bn worth of supply what are they going to do?
I love watching his rants, he's such a weak, insecure little bitch.
>why aren't you talking about my tits
>oh yeah I banned the word tits
youtu.be
looks like its up 30% in the last 30 days user. not sure what you are talking about. explain
Madoff made his ponzi look like it worked great for 20 years. The key to making the scam sustainable was making sure the victims committed for a long time, locked their liquidity. Any project that asks you to commit to locking for some time is a ponzi.
When the next 48 hours reveal that HEX was not a one hit wonder, the real question is - at what price are people FOMOing back in? My guess is 0.083.
ok, explain how its a scam. many smart people have tried but nobody has any actual substance to the claims. what u got?
Do you use any new Defi now?
What is your opinion/view about DYMMAX: dymmax.com
Found this platform on Probit, they made a referral program there, looks good. They have super liquidity and pro team
>founder locks up most of supply
>verifiable on chain
>whales trapped
>stakers set
Like, what more do you want? This is day 1
*silently been leaving for GLITCH*
How about you faggots making a coherent argument for where these yields come from if not from new depositors? It's not a lending platform, it's a pure ponzi based on nothing but ponzinomics. The big tittied goth rants for hours but doesn't even try to explain anything, he just insults people and talks about getting tattoos of the logo.
Where do the yields come from? The answer according to soiboi manson is from depositors. That's the definition of a ponzi, he just sincerely believes this time the ponzi will work. He's that delusional.
You have to go back
you could have just said, 'i don't have anything of substance that would lead anyone to believe hex is a scam' and have been done with it. gg
AXN is a very real alternative you can use, if you currently hold HEX, you can free claim AXN as well.
there is no point in arguing with them
just let them rope when this obvious scam eventually goes to 0.
Axion
Back where?
It doesn't pretend to be anything but a ponzi scam. There is no way to refute that, the only thing the goth tranny says is this time the ponzi will work but refuses to call it a ponzi. If you were honest enough to just admit it's a ponzi that would actually make the project more interesting and counter the huge blinking signal saying it's run by a malicious braindead manipulator who has never been honest about anything in his life.
How Richard Heart tricked and deceived people invested in HEX
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.
4. BPD just ended recently, the amount of Hex staked is now 98%.
5. 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 Ethereum 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.
6. 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.
7. 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.
wow you mean the smart contract that explicitly says it makes no promises paid me 30% more hex than i had before. i sure got scammed.
listen 85 iq guy, perhaps you would like to enter ponzi into dictionary dot com. come back to me when you have
>A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors.
That's what Hex does. Nobody pretends it doesn't but still you all refuse to call it a ponzi because of branding implications. You have to be an incredibly dishonest manipulative shithead to try to pretend it's not a ponzi and that's what all hexfags are. Instead of listening to productive people teach about you something useful you listened to a boy who spent his entire life scamming people teach you how to delude yourself into thinking you're not a scammer.
Dude, it doesn't fit the definition of a ponzi.
Where the fuck do yields come from if not from new deposits? This is the question I asked from the start and the question the tranny should focusing on every time he opens his mouth if this is in fact not a ponzi.
Penalties from unlocking aren't a sustainable source unless more deposits continue to come in.
Where do yields come from if not from new deposits? If the do come from new deposits then this is a ponzi. Penalties add something so you might want to gamble on the ponzi but don't pretend it's not a ponzi, as soon as you do you're a liar and a scammer.
cope
all is ponzi
>a x0.3 return
You didn't do it right. You staked for a very short frame of time. If you had staked longer you would have got more. Every day the hex/eth in the AA went down, down, down. You got a BPD bonus even if it wasn't the huge payout you were looking for. I know this because I have 1 day BPD stake which is a 25% gain on principal. The rest are way above that.
The upside of RH's "shareholder activism" is that the supply is now mostly locked up. Lets imagine an alternate universe where everyone had huge BPD, including the megawhales with 10s to 100s of millions of HEX? The market would be swamped with liquidity, perhaps forever. Instead we have this situation which will result in long term price appreciation which is all that I as a long term staker, care about.
This is why you have to go back (to wherever you came from)