What do you guys think of BitcoinHEX?

ALT COINS
#23

Been keeping us hanging for over a year!
But “soon” is getting to really soon.
And lots of changes and complicated “pumpamental” enhancements over the past year.
Ten percent bonus to referrers and referees if following a referral link, for example:
https://hex.win/?r=0x0a420000e898028faed6b159282becdffda9385e

Note: like so many referral links the address will show every ETH and token transaction you’ve ever had, and the balance! (So I’ve just shown you the one that has Smashy Smash in it.) :wink:

I think I might need to have some ETH in it if I claim using that address.

#24

On a recent YouTube comment, Richard Heart said, “Waiting for auditors to come back from Devcon5. Fixes are already written. Should launch november.”

Richard thinks most people don’t care about crypto’s promise, but they are more concerned about the price. He thinks crypto is for a store of value, and he is programming interest through smart contracts, rather than through third parties. His idea is to incentivize users to hold and stake their coins; the aim of HEX is value appreciation. I think his social media reputation gives strength to his project since adoption is a key for value appreciation.

HEX specs:
There is a minimum 3.69% interest pool paid to holders who stake; if only 1% of coins stake, stakers get 369%+ ROI. There are bonuses for speed (up to 20% over first 50 weeks), longevity (half of the penalty of stakers who end early), and referrals (20%). There is also a whale penalty for 1K+ BTC claims. https://hex.win/

Here is his short video:

#25

Actually snapshot December 2nd (the first block after 00:00:00 UTC).
Contract launches one day later, December 3rd!
After surely more than 12 months of waiting and shilling!!
And I am surprised to ever see the words “short video” associated with “Richard Heart”!
His victims, er, I mean followers has been subjected to numerous two and more hour-long videos, each necessary to explain the multitude of tricky contract features designed to lock people’s coins and to get others to FOMO in with their ETH.
https://www.youtube.com/channel/UCta3TYFhzfpPvOtKBDifYJA
(I have used angle brackets around the URL to stop the annoying preview!)
He even goes to the extent of telling people to create their own referral links and follow them, to collect their own referral bonus, by adding your ETH address (I suggest one that does not contain your financial history in it!) like the following:
hex.win/?r= 0x0a420000e898028faed6b159282becdffda9385e
(Removing the space in the URL. I already posted the link earlier anyway.)
That one is my Smashy Smash ETH address.

1 Like
#26

It’s a ponzi :warning:
https://twitter.com/CryptoScamHub/status/1197396626198990850?s=19

1 Like
#27

It’s not technically a ponzi, because it doesn’t pay out anything, except more of itself, based on a smart contract with complicated rules.

It’s designed so much to imitate ponzi schemes that Richard Hearts own alt Twitter account (@RichardHeartNOT) is actively promoting that thread you posted. I wouldn’t be surprised if the original poster was paid by Richard or is a supporter, as any attention goes into more ETH AND HEX for Richard.

The most effective solution is for everyone possible to “free claim” their HEX with their BTC utxos, and not pay any ETH into the Adoption Amplifier, but that’s a difficult thing, as if everyone in the world declines to send ETH, but one person sends 0.0001 ETH, they get the whole billion or whatever ridiculous number there is for that day. The AA seems to have thoroughly inflated HEX against the original plan of 10000 HEX per BTC held, with any unclaimed (including Gox and Satoshi’s stash) going to HODLers in the course of one year.

I can’t see how Heart can not get filthy rich from it, unless no-one sends any ETH and no one claims or everyone claims their free HEX. ¯\_(ツ)_/¯

#28

Yeah, I don’t really like the whole “adoption amplifier” approach.

#29

@ian, I agree that the Adoption Amplifier significantly dilutes the HEX claimed by BTC holders. What is your opinion on using the “HEX Cost Averaging” smart contract to allocated a little ETH to the AA each day? Link to description: https://docs.google.com/document/d/1BwbzOfo47825lMuSuoF_Y4JQw7PK1KlM4cAC_XIJKDM/edit#heading=h.nbd0apgic4iu