Post
Topic
Board Legal
Re: So Richard Heart is a Bitcoin ponzi scammer too?
by
mindrust
on 15/12/2019, 08:24:05 UTC
It's interesting that the Hex project compares Hex to a Certificate of Deposit.  When you deposit money into a CD that capital is lent to another party who uses it for whatever and pays you interest for the privilege.  That is what gives your capital some sort of value.  With Hex staking the Hex just sits there and some code in a contract pays out "interest".  I just don't see how that defines any sort of value for your Hex?

It is a ponzi scheme.

They want to artificially replicate bitcoin's deflationary nature.

Bitcoin has been going up even though some of its investors cashed out big amounts from time to time.
Bitcoin is that strong.

Hex is trying to close the cash out gate to increase the price artificially. Sooner or later people will want to get out and it will crash.

Don't touch this.