HEX Solves Bitcoin Scams
To earn interest on Bitcoin, most users send them to a centralized third party, such as an exchange. There, coins can be borrowed to “short” the market. Sellers borrow the coins to sell, in the hopes that they can rebuy them cheaper before they have to return them, thus profiting from price decreases. These centralized parties are security holes that are often hacked, destroy privacy, or introduce fees if you want to get your funds out. Billions of dollars in coins sent to exchanges or lenders have been stolen. Not your keys, not your coins.
These centralized third parties and middlemen are so important to users seeking yield (making interest) that the companies themselves have made more profit on Bitcoin than its founder. Billions and billions of dollars of value has shifted into the pockets of middlemen. HEX solves this.
HEX is faster, cheaper, safer, better for the environment, and more censorship resistant. Bitcoin holders can mint HEX for free. Anyone can build on top of HEX. The vibrant HEX developer community has released dozens of innovative projects around HEX in record time. HEX does things that no cryptocurrency before it has even attempted.
Cryptocurrencies are the highest appreciating asset class in the history of mankind. Bitcoin price did 2,000,000x from $0.01 to $20,000 in 7 years. Ethereum did 10,633x from $0.15 to $1,595 in 2.5 years. Had you put in $1, you could have made millions, many did. Life changing weatlh. HEX has gone up 92x vs Bitcoin, 79x vs Ethereum, and 115x vs USD in 129 days.
Cryptocurrency was invented to remove middlemen and the need to trust other people with your money. Math is more trustworthy than man. HEX fulfils this ideal. HEX is a totally complete and immutable code. HEX does its magic with no management, no promises, and no expectations of work from others. Each user mints his own coins, like Bitcoin. HEX performs well solely due to its design.
Honest people have lost Billions to scams, thefts and hacks because they gave up control of their money. If you want to earn interest on your Bitcoin, you have to lend it out and hope you ever see it back again. Tragically, after 10 years, 42% of all Bitcoin now sits in only 2000 wallets. The people were given control, only to give it away again. In HEX you mint your own interest while in complete control. HEX removes middlemen and puts you in charge!
HEX users value their independence and security. Which may be why HEX is 2nd the most traded coin in decentralized exchanges, such as HEXdex.win, where there is no signup, and no counterparty risk. Because it’s on-chain, you can inspect every address, seeing when it bought or sold, whether it has HEX stakes open, when those stakes expire, what other coins they hold, everything! HEX has the most transparent and secure trading in all of cryptocurrency.
In the stock market, laws require insiders to warn the public before they might sell shares. People care about when and how much supply of something they own might hit the market. The HEX TruthEngine improves on this, gathering more information from the market about its future behavior. The HEX TruthEngine rewards users for declaring how long they’ll hold and when they might sell. Users that break their word have penalties which pay the users that kept their word. HEX incentivizes disclosure and honesty.
HEX is the first cryptocurrency in the world with a chart of its future locked supply. You can see when big stakes are set to expire in the future and plan around them. HEX improves price discovery and may reduce volatility by incentivizing the market to disclose better data about the future.
HEX is not an MLM or pyramid. The HEX referral program has only a single tier, like Amazon’s, and ends in November. HEX starves scams of money because its design has attracted successful promotors away from scams. The more mindshare honest projects get, the less mindshare is left for the scams.
HEX is not a Ponzi. In HEX, no one owes you anything. You mint your own HEX rewards yourself when you end your stake. Like how Bitcoin miners mint their own Bitcoin rewards. You are the network. There are no middlemen or managers in HEX. HEX rewards are dynamic like Bitcoin mining rewards. No one in the world can promise you how much you might make running HEX, because no one knows how valuable HEX will become.
HEX is about realistic expectations. Cryptocurrencies are the highest appreciating asset class in the history of mankind. That life-changing wealth creation comes with extreme price volatility. Many successful investors have had to withstand harsh price fluctuations. On its way to 2,000,000x returns in 7 years the Bitcoin price dipped 94%, 95%, 81%, and 86%, on some exchanges it flash crashed as close to $0 as possible. Amazon dropped 95% once too. Now it’s 50% of all Internet sales in the USA.
You are solely responsible for your decisions. Don’t consider things as financial advice unless they’re labeled as such. Be responsible, take only reasonable risks, always read the disclaimers and do your own research. Just because Bitcoin behaved some way, it doesn’t mean anything else will.
HEX takes security more seriously than nearly all other cryptocurrencies. It has had 2 independent security reviews and 1 economics review. Bitcoin for instance has none. HEX is resistant to the most dangerous bugs Bitcoin and other cryptocurrencies have had because HEX’s consensus code can’t be edited. Bitcoin has had 2 bugs where someone could mint as many free Bitcoin as they wanted. One bug was exploited and the other was caught in time.
HEX is better for the environment than most other cryptocurrencies because it adds value to the 2nd highest hash rate blockchain, instead starting a new one. This also enhances security and interoperability.
There are thousands of experts out there who convinced people that Bitcoin was a scam when it was $1. It went to $20,000. You could say they scammed everyone that listened to them. You would think that 2,000,000x returns would quiet the naysayers. It hasn’t. Those that could see the opportunity in spite of everyone calling Bitcoin a scam, had a chance at life changing wealth. The same mean things people said about Bitcoin and other coins that went from nothing to Billions, they’re saying now about HEX.
Don’t let others inability to understand something harm you. Do your own research! HEX is an amazing innovation, solving real problems, wrapped in sexy game theory. That wrapping, triggers some people’s scam detectors and they stop learning and start yelling scam! Which is ironic, because HEX combats scams!