Is HEX/Axion better than Bitcoin?

Why is HEX/Axion any good?
Like what is the point of locking coins?
What good does it do?
It just forces people to not being able to spend.
Because if you do not lock your coins you will lose out on interest.
It is not something that provides utility. Bitcoin is better because you have the option to sell it whenever you want. With Hex/Axion you do not have that option.
Does that not make Hex/Axion worse?
Why do you want to have cryptocurrency that you cannot sell? Isn't it better with a cryptocurrency like Bitcoin or Ampleforth that you could sell whenever you want?

Attached: 1_hZYcuTkGHxwQn14QGx85rA.png (750x750, 835.36K)

Other urls found in this thread:

youtu.be/APdFiTyESOc
twitter.com/AnonBabble

They advertise of Zig Forums, of course it's a pointless scam

yes

Attached: z.png (800x800, 341.99K)

But if it’s pointless why are people falling for it?

Staking is optional. In HEX you stake if you want a larger share of the network over time, or just hold if you want to sell the stack you have whenever it pumps.
Locked up coins (especially when they are time-locked for an average of almost 5 years) are positive for the price due to reduced supply. Liquid coins are good only if you want to trade them or sell them quickly.
Selling hasn't been a good strategy in crypto since it trends upwards. Monetizing holding, which is the main thing that makes the price go up, hasn't been successfully done before HEX.
The interest earned through staking is an incentive for you to keep holding through intense price volatility that is obviously going to happen over many years.
If 40% APY seems like a good incentive for you to lock up your money, buy HEX. If that doesn't interest you, you can just hold BTC or AMPL without getting paid extra to do so.
If you can't understand how 40% APY or locked up economic energy is of utility and beneficial for the price, I don't know what to tell you.

lol hex and axion, now we are 100% lumping them in together? Cant wait till RH reveals that he is behind axion, RH scammed hex by manipulating what he called a "decentralized token" axion is literally a copy of hex but when the code for the auctions was changed, they didnt think it through and now each weekly auction people are selling their axn, the price doesnt matter, then rebuying in the weekly auction which gives you substantially more axn than you had before, however you also remove 20% of the money that you had in axn from the ecosystem and give it to the devs so they can pay people for random shit, like accidentally adding 50eth to an auction that only needed 5, paying them for youtube videos that call out all of axns flaws...such a great project.

I really hope you dont believe the shit your spouting about monetizing holding..do you understand what monetizing is? When you monetize something, it generates revenue...which has to come from somewhere...in a traditional CD the bank uses your funds for investments and that is how your deposit is monetized...what does hex or even axion do with your funds? O thats right, nothing, they just sit there doing jack shit

You can't sell right after auction, there is an auto-stake period.

So its not as easy to game as you think it is..

theres a cycle you can get into, get money and cycle it through each week, by week 3, you have money unlocking each week, its a money machine that is taking a ton from the system, it wont stop until the weekly auction finally fully sells out

Staking is not optional in practice. If you don’t stake you are losing money each day. The only way to not lose money is to stake for 5 years.
> Monetizing holding
Yes but it does not make the currency better. It just makes it suck more, since now you have to plan when you are going to spend the money. Will I buy a new house in 3 or 5 years? Don’t know hun, I’m going to check my staking account. Oh it’s 5 years left baby, we cannot move until then. Fucking stupid.

I’m not asking whether it can pump. I’m asking whether it’s useful. How does it make our lives easier?????

The only problem is that you will have to hold until they do sell out, or we have a whale buy in that allows you to cash out at a high price. There are too many leaks where money is leaving the system with no hope in sight until the weeklies fill up

>RH scammed hex by manipulating what he called a "decentralized token"
Don't know what scam you're referring to.
>now we are 100% lumping them in together?
Don't know why they would be lumped together. Axion is a shitty HEX clone where they've shamelessly copied everything, including what the HEX community built themselves. It just oozes jealousy and a loser secondhander mentality. I don't know what people see in it. If the user dev's identity gets found out they'll be sued into the ground.

and defi isnt even 5 years old, regulations are literally a week away...do people really think that a CD that generates its revenue the exact same way a pyramid scheme does is going to be in the regulatory greenlight? Absolutely not

No recycling maybe? HEX reaching 5 billion market cap made it an obvious scam. Market manipulation.

you sweet summer child

But then as price goes down, more gets bought back and then distributed to stakers

you are missing the point where 20% of the funds are lost to the devs, 20% of any of the money supposed to go into this disappears when the auction is used...Guess who gets to dump on everyone the moment the price spikes a little...

The 20% is going towards things like paying youtube influencers and other marketing promotions though... they are transparent on how its being spent.

Forgot to mention the tree planting too

read just the last bit

amazing use of that 20% so far

>what is greater fools theory?
>what does it mean when a new bullrun will bring in a bunch of normies that will buy the top of the staking platforms?
>why is this a good bet to sell the top to normies in a few months when the come in waves

yay user, you found the literal one good thing these 2 shitcoins are good for.

Lol, I bought in heavy when HEX was 1.4 million per ETH in January. Took me a while to understand the project, since it seemed like nonsense at first.
You're right that the question is whether or not rewarding holding is a utility. It sounds counter intuitive but once it clicked for me, how and why it works, I knew that HEX would go absolutely insane price wise.
The utility is not a single part of HEX, such as its staking. The utility is the ecosystem surrounding it and the way every part (physical, economic, social) influences the whole to create a positive feedback loop sustainably pushing price up. This what the community speaks of when they refer to game-theory, but that's a complex issue to untangle in a single post so you can dyor or gtfo.
If you don't get it, whatever, not my problem. I've made more money this year than in my whole life, and don't worry, I've cashed out a significant amount of my gains.

Attached: 1595868933824.jpg (248x250, 5.44K)

youtu.be/APdFiTyESOc

They'll need this when the price goes higher. They'll refuse to learn until then.

what value does the system create? Any other system that generates money and isnt one of the known types of scam has some value...it creates something..and im not talking about simply creating more money...are the hex funds used for insurance? are they used to purchase real estate which generates returns by charging rent? is money lent out to people for projects? No, none of this, money in itslef has no value.

>money in itslef has no value
That's where you're wrong. It used to be that way, but now for the first time in history crypto allows to code money with inherently valuable properties, which results in the need to reevaluate how we view economics and what is now possible. A system like HEX wouldn't be thinkable or even conceivable before.
A sideline question, before or if I keep speaking with you about HEX. Do you think Bitcoin is valuable and if so what makes it so?

wtf is axion lmao. go to the hex website it has all you need to know. it literally has interviews with Richard where he answers all of your questions. like at least put some effort forth

the price of electricity / hardware make bitcoin valuable...its a lot more complicated than that, but I am really not going to try to breakdown the path the inputs for bitcoin take before it makes it to an exchange and bought / sold. Lets say, if BTC did not require hardware and electricity to mine, and instead relied on some sort of time lock mechanism to release coins to certain people(node operators, custodians, w/e you want to call them) there would be far less value in the coins, they would be nowhere near the current price. The only thing that makes hex valuable is more people piling in, creating a new base for the pyramid, the only input is more money from an external system.

full disclosure here, I have a small pile of hex, that I am currently in the process of turning into a new crypto about to hit an exchange...and far too many axion...I got a bit ahead of myself with axion....I blame the weed, the points I bring up arent to fud, they are real and true things that are issues with the 2 currencies

Now this isnt to say these systems cant create a value system that is their own...axion is supposedly trying to get a debit card, and they have other things in the works that I cant remember of the top of my head so maybe this whole system they have going is simply an extended IPO where you can buy into their ecosystem and help set it up for the future...but if it is why dont they advertise it that way?

90% of Defi projects are better than BTC. BTC was the VHS of crypto: incredible technology for its time but something with all the benefits and massive improvements can be made easily thanks to development and hindsight. The main difference being that BTC is never going to be replaced.