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#HEX 1/ Let's get one thing out of the way. There isn't a person who's into cryptocurrency who can speak with any authority over what coins "deserve" to have value. Same as baseball cards or beanie babies. The popular argument that fiat is "made up money" cuts both ways.
2/ And now for HEX. Let's be 100% pragmatic about it. Its an ERC20 token built on ETH with a specific set of unique features. HEX is designed to emulate the most boring and traditional interest earning model from traditional finance, the banking CD (time deposit).
3/ CD's are the bastion of conservative "safe" financial portfolios. That the reason there's TRILLIONS of dollars locked up in them. HEX's primary design goal is for stakers of the HEX to earn interest, thus monetizing time.
4/ Once out of the launch period where initial supply is being minted over the first 353 days inflation can never be higher than 3.69%. Far lower than Bitcoin's over the vast majority of its life.
5/ Also, this model is the opposite of Bitcoin where all the inflation is paid to miners who then dump on the market & hodlers heads. With HEX, when coins are staked they are burned from the circulating supply and you're given shares.
6/ The number of shares you hold determine how your HEX interest is paid. The more shares you have, the more interest you earn. The contract rewards those who honor their commitments.
7/ The contract is setup so if you emergency end stake early and choose not to honor your staking time commitment, you pay a penalty. Those penalties are paid to stakers who are doing what they said they'd do.
8/ In the world of traditional finance if you exit a CD early, the bank charges fees and penalties and they sure as heck don't give it to their customers.
9/ There's a lot more fine details to HEX that are ingenious and rather brilliant but the biggest issue folks seem to have is with Richard Heart. They brandish the "scammer" flag with little to no research.
10/ Most are salty because he's correctly pointed out the flaws in Bitcoin in recent years. He was a full on BTC maxi and defended Bitcoin publicly on his channel.
11/ He gave free BTC calls and trading education, stuff many of his contemporaries were charging money for and getting people REKT. The guy has only served his audience in all the time I've followed him. Does he ruffle feathers? Sure, but at least he's honest with his views!
12/ If you really think he's trying to scam people with an immutable smart contract he worked on for 2 years, 3 audits by @coinfabrik CoinFabrik and no admin keys/hidden functions he'd have to be some kind of super tryhard scammer.
13/ HEX as its built would be way overkill if someone wanted to get to get rich quick. People whine, "where does the ETH go?" when folks transform ETH into HEX. Last I checked I didn't get a sit down with the CEO's of the companies I transact with to know where my money is going.
14/ What a ridiculous question. Don't like the idea of ETH going to some entity in the HEX contract? Buy it on Uniswap. Most importantly, the growth and community support in HEX is incredible. All of the tools, tracking sites, and analytics are built by community members.
15/ Its a truly vibrant group of people. Check out http://hex.vision or http://hex.live , better yet check out Hexologist's d-live channel where there is a nightly news for HEX https://dlive.tv/HEXOLOGIST
16/ You can dismiss it as some fanboy screed, I don't really care. I'd just say everyone should be doing more first party research. Stop relying on other people's brains to decide for you. Learn how to think critically and question everything.
17/ Most #HEX people got into HEX because they are hyper aware of scams and rigorous scrutiny has poked no holes in it. The concept is sound and I'm excited for the future. Posted here because of Reddit /r/cryptocurrency Auto-mod gatekeeping. @HEXcrypto
