Quote from: slaman29 on Today at 07:24:52 AM

Quote from: RussiaUkraineTranslation on July 20, 2022, 12:16:02 PM

Quote from: slaman29 on July 22, 2021, 06:06:00 AM

Seeing as that you're a signature campaign participant for "Appreciate Coin" I guess I shouldn't expect any less of you;)

I wonder what "progress" you read from HEX. You know it was a pyramid scheme from the start right? Buy more, convince others to buy in and lock it for as long as possible, and then hope you cash out before others do?

I wouldn't call it a pyramid scheme because profits are not paid out from other investors, they are paid from inflation and withdrawal fees. HEX was a good idea but did get a lot of flak because of how simple it was and the lack of real world utility. MAXX finance and other newer contracts improve upon HEX by adding additional revenue sources to the protocol and a DAO to manage the project and profit dispersion to stakers.

Apart from replying to one of my posts from 1 year ago, you should have a think about how HEX pays people out.

I can't be bothered right now to look up old articles but even blockchain trails showed that indeed, money (ETH) came from new investors.

HEX was given out for free yes. But it was also sold for ETH (you know, lock ETH and get HEX). They gave much more APY for those who locked longer, but paid out a lot also... from where do you think the ETH came to pay people out?

It got a lot of flak because it was sold as a magic money for free, it was sold as Universal Basic Income, when it was nothing like a real UBI scheme should look like.

You can put on make up all you want on a pyramid scheme (no real value other than people dumping more money into it and hoping they get out before it crashes) but you just said it yourself. Put 100 DAOs, put a governance fund, put an insurance fund, add all kinds of revenues, you will still end up failing if there's no utility. Look at Terra. Look at HEX now even, over 90% away from ATH.

No Utility = not real = no value = pure speculation

But people get paid out in HEX, not ETH no? So your argument is wrong. That said, I do think the original contract lacks utility and that's why I think MAXX finance could surpass HEX in market cap and adoption.