MISC Crypto Crew (MCC) Vol: XIV: Scaling troubles and NFT bubbles

06-01-2021, 06:49 AM

-

#4651

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By Amrit90⏩

I think GenWealthCoin has a very interesting concept behind it. Storage Vaults where you lock your coins for 1/3/5 years and let it appreciate. If you can't touch it, you can't trade it on impulse. This coin is undervalued at 0.000000003. Definitely worth a punt.

There's a few like that, like HEX and WISE.

HEX being the biggest and best performing, and WISE being available on both ETH and BNB.

Richard Heart is based to listen to (I listen whilst exercising, or doing other things online, because his vids are long). One of the few people willing to call out BS in the crypto industry.

Here he and Roger Ver talk about Bitcoin, Ethereum, and HEX...

06-01-2021, 07:00 AM

-

#4652

BDSMBBW
Registered User

BDSMBBW
Registered User

Join Date: Jun 2015

Posts: 2,873

Rep Power: 10371

Originally Posted By BetaAsPhuck⏩

There's a few like that, like HEX and WISE.

HEX being the biggest and best performing, and WISE being available on both ETH and BNB.

Richard Heart is based to listen to (I listen whilst exercising, or doing other things online, because his vids are long). One of the few people willing to call out BS in the crypto industry.

Here he and Roger Ver talk about Bitcoin, Ethereum, and HEX...

Bruh are you trolling or for real? Are you really believing in Richard heart?

06-01-2021, 07:10 AM

-

#4653

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By BDSMBBW⏩

Bruh are you trolling or for real? Are you really believing in Richard heart?

I honestly don't know what you mean by 'believing in'.

What I do know is that everyone said the origin address of HEX would rug pull, and it hasn't happened. (I think the OA was a contingency plan by Richard, in case the project failed.)

I also know that HEX launched during a bear market, and thrived during a bear market. I also believe that the upcoming new smart contract platform Richard and his team are creating has potential.

His talks online are also based, even though he can be an egotistical dick at times. First guy I came across who said that Bitcoin has had 2 inflation bugs, and calls out the market/industry for being about exactly what HEX is about "number go up".

06-01-2021, 07:19 AM

-

#4654

BDSMBBW
Registered User

BDSMBBW
Registered User

Join Date: Jun 2015

Posts: 2,873

Rep Power: 10371

Originally Posted By BetaAsPhuck⏩

I honestly don't know what you mean by 'believing in'.

What I do know is that everyone said the origin address of HEX would rug pull, and it hasn't happened. (I think the OA was a contingency plan by Richard, in case the project failed.)

I also know that HEX launched during a bear market, and thrived during a bear market. I also believe that the upcoming new smart contract platform Richard and his team are creating has potential.

His talks online are also based, even though he can be an egotistical dick at times. First guy I came across who said that Bitcoin has had 2 inflation bugs, and calls out the market/industry for being about exactly what HEX is about "number go up".

Hex already has a marketcap of 8 billion. Whats the risk reward of your trade here , investing in a scamster? If you are investing in a scam atleast have a proper R:R brah.

I wonder why it doesn't even appear in top 200 coins or still not listed in any half decent exchange? Richard heart is up there with other snake oil salesmen in crypto..

What exactly does HEX do that the already existing coins don't do that you see potential in a already pumped ponzi scheme coin?

06-01-2021, 07:19 AM

-

#4655

JoshSP1985
Anti-Circumcision

JoshSP1985
Anti-Circumcision

Join Date: Aug 2009

Location: Franklin, Indiana, United States

Posts: 66,936

Rep Power: 214514

Originally Posted By Amrit90⏩

I think GenWealthCoin has a very interesting concept behind it. Storage Vaults where you lock your coins for 1/3/5 years and let it appreciate. If you can't touch it, you can't trade it on impulse. This coin is undervalued at 0.000000003. Definitely worth a punt.

Isn't this just a delayed ponzi scheme where you hope more people keep throwing their money in?

06-01-2021, 07:37 AM

-

#4656

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By BDSMBBW⏩

Hex already has a marketcap of 8 billion. Whats the risk reward of your trade here , investing in a scamster? If you are investing in a scam atleast have a proper R:R brah.

Do you know how HEX works?

What exactly does HEX do that the already existing coins don't do that you see potential in a already pumped ponzi scheme coin?

There's no such thing as a unique crypto, so that's a redundant question. Bitcoin and ETH aren't unique. HEX was the first time locked crypto.

In case you don't know, you gain interest by time locking your HEX. You can see how long people have time locked their HEX for. There's a penalty for withdrawing before you agreed upon time, and you lose a significant amount of your stake.

It's not different to BTC. The more people who buy, the more the price goes up. HEX doesn't do anything unique, and neither does BTC (there's better tech than BTC out there, as a cryptocurrency).

HEX copies are AXXion (wouldn't touch that personally) and WISE (solid and fair launch, but doesn't have a good marketing vision like HEX does. They are pretty bad at it.)

06-01-2021, 07:40 AM

-

#4657

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By JoshSP1985⏩

Isn't this just a delayed ponzi scheme where you hope more people keep throwing their money in?

Yep... Like most of DEFI (and Bitcoin's 'store of value' marketing is based on exactly the same premise).

Honestly, I used to believe it was different, please take a step back and really look DEFI. Most it is just a ponzi. I respect that Richard is blunt about it "number go up, based on game theory", whereas the DEFI crowd try to pretend as if current DEFI is not a giant ponzi of staking and yield farming platforms.

06-01-2021, 07:56 AM

-

#4658

BDSMBBW
Registered User

BDSMBBW
Registered User

Join Date: Jun 2015

Posts: 2,873

Rep Power: 10371

There's no such thing as a unique crypto, so that's a redundant question. Bitcoin and ETH aren't unique. HEX was the first time locked crypto.

Yes there is. Its called adoption, and reliability. BTC and ETH have em. Most of the rest don't.

In case you don't know, you gain interest by time locking your HEX.

It's not different to BTC. The more people who buy, the more the price goes up.

andreas antonopoulos content is quite good check him out on youtube. Hex is an obvious ponzi scheme - Everything you described is the definition of ponzi scheme.

06-01-2021, 08:05 AM

-

#4659

dankydank
Registered User

dankydank
Registered User

Join Date: Sep 2009

Age: 35

Posts: 8,223

Rep Power: 15192

Wyckoff distributioncels were saying we have one more dump before it pumps to $42k and beyond the end of the week.

06-01-2021, 08:16 AM

-

#4660

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By BDSMBBW⏩

Yes there is. Its called adoption, and reliability. BTC and ETH have em. Most of the rest don't.

Adoption isn't fuelling BTC's price. BTC has 'number go up'.

ETH and BSC has better adoption. (Transaction volume significantly outweighs BTC.)

If adoption and reliability was the reason why BTC's price is what it is, then ETH and BNB should have a higher market cap, because they have high transaction volume.

They don't - despite having high transaction volume than BTC - so how do you explain BTC having a higher market cap, if according to you price is based on adoption and reliability?

I wish more crypto peeps were more objective. I openly acknowledge that most of crypto are glorified ponzis, and I hold some glorified ponzis in my portfolio. Why lie?

Nothing like Bitconnect.

Bitconnect lied and said that it had a 'trading bot' that was providing the profits to pay investors, however it was just taking from Peter to Pay Paul.

What gives HEX value is exactly what gives BTC value, which is people are willing to buy and hold (HEX adds an incentive to HODL through a penalty).

Please try to be objective...

What makes BTC a store of value is that it's price increases in accordance (or above) inflation. What makes it's price increase? More people buying and holding, than more people selling.

Please explain to me how that's any different to HEX?

andreas antonopoulos content is quite good check him out on youtube.

Same stuff I've heard before for years from the BTC crowd. Meanwhile, ETH and BNB have a higher transaction volume - so adoption is not the key to BTC's price, it's more people buying because they hope the price will go up ( the "store of value" meme from Michael Saylor and the BTC crowd) than more people selling... Nothing more.

Hex is an obvious ponzi scheme - Everything you described is the definition of ponzi scheme.

Yeah, I just said it was.

Like most of DEFI, unless you are going to try to contest that?

06-01-2021, 08:27 AM

-

#4661

BDSMBBW
Registered User

BDSMBBW
Registered User

Join Date: Jun 2015

Posts: 2,873

Rep Power: 10371

Adoption isn't fuelling BTC's price. BTC has 'number go up'.

Are you serious? The entire crypto economy was built around btc and eth.

Nothing like Bitconnect.

Bitconnect lied and said that it had a 'trading bot' that was providing the profits to pay investors, however it was just taking from Peter to Pay Paul.

It sounds exactly like bitconnect minus the sophisticated trading bot lie , Hex manipulated it to say some other bs.

What makes BTC a store of value is that it's price increases in accordance (or above) inflation. What makes it's price increase? More people buying and holding, than more people selling.

I can think about a dozen+ institutional names buying btc.

Who are the smart money buying hex? The only smart money buying hex is other snake oil salesmen who got into the ponzi early.

06-01-2021, 08:37 AM

-

#4662

jamalfudge
Throbbing Member

jamalfudge
Throbbing Member

Join Date: Jan 2013

Location: United States

Posts: 39,406

Rep Power: 297374

Richard Heart said he has a plan to make HEX a top marketcap coin through mischievous practices. I'd avoid it with a 10 foot pole.

06-01-2021, 08:55 AM

-

#4663

JoshSP1985
Anti-Circumcision

JoshSP1985
Anti-Circumcision

Join Date: Aug 2009

Location: Franklin, Indiana, United States

Posts: 66,936

Rep Power: 214514

How many months is BTC gonna plug along between 30 and 42

06-01-2021, 08:56 AM

-

#4664

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By BDSMBBW⏩

Are you serious? The entire crypto economy was built around btc and eth.

You said adoption (and reliability) is fuelling the price of Bitcoin.

Transaction volume disagrees with you. ETH and BNB/BSC has a higher transaction volume - and therefore a higher rate of adoption - than BTC, yet they have lower market caps than BTC.

So if adoption (and reliability) is a fuelling BTC's price, what metric are you talking about adoption.

I can think about a dozen+ institutional names buying btc.

Yeah, that's exactly what I said.

People buy and hold BTC because they believe other people will buy and hold BTC, which is what gives it value. It's value is not based on adoption. ETH and BNB is beinguseda higher rate than BTC.

Who are the smart money buying hex?

It's mainly retail, that doesn't disprove anything I've said.

Also, you haven't made a single counter argument to BTC's price being based on adoption, because the data (transaction volume) is on the side of ETH and BNB, not BTC.

06-01-2021, 08:57 AM

-

#4665

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By jamalfudge⏩

Richard Heart said he has a plan to make HEX a top marketcap coin through mischievous practices. I'd avoid it with a 10 foot pole.

Yeah, he did that with the origin address. It manipulated the price at the start through recycling practices. It's dormant now.

(Damn.... This is fun debating HEX, lol.)

06-01-2021, 09:20 AM

-

#4666

BDSMBBW
Registered User

BDSMBBW
Registered User

Join Date: Jun 2015

Posts: 2,873

Rep Power: 10371

Originally Posted By BetaAsPhuck⏩

Also, you haven't made a single counter argument to BTC's price being based on adoption, because the data (transaction volume) is on the side of ETH and BNB, not BTC.

Adoption isn't just transaction volume - its network effects - its the jobs it creates and the economy built around btc. here's a simple example - Bitmex - it uses btc as its main currency for trading and you need to deposit btc if you wanna trade there. And bitmex has(had) dominated the space for such a long time now.

What sort of economy is built around hex? HEX is a scam, a centralized ponzi scheme. How the heck is hex even decentralized that fker richard heart has his slimy hands all over it? next thing you are gonna say hex is decentralized and the future of finance. Its a rotten ponzi scheme and the people who put their money in it will lose it all one day.

06-01-2021, 09:27 AM

-

#4667

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By BDSMBBW⏩

Adoption isn't just transaction volume - its network effects - its the jobs it creates and the economy built around btc. here's a simple example - Bitmex - it uses btc as its main currency for trading and you need to deposit btc if you wanna trade there. And bitmex has(had) dominated the space for such a long time now.

ETH wins again then... The amount of DApps built on ETH leading to employment, the adoption on every single exchange, businesses building on ETH, the high transaction volume... All of those together are bigger than BTC.Yet the market doesn't reflect that and BTC is higher, why?

It's obviously not about adoption, it's "number go up" because people believe that more people will buy and hold vs selling... Straight Ponzinomics.

What sort of economy is built around hex? HEX is a scam, a centralized ponzi scheme. How the heck is hex even decentralized that fker richard heart has his slimy hands all over it? next thing you are gonna say hex is decentralized and the future of finance. Its a rotten ponzi scheme and the people who put their money in it will lose it all one day.

Never said it was decentralized, and I've openly acknowledged it's a glorified ponzi. I do my best to be objective.

It will keep going, as long as the more people buy and hold out paces the amount of people selling... Just like the majority of DEFI and similar to Bitcoin.

Bitcoin's price will continue to go up as long as more people buy and hold than people sell... There are superior cryptocurrencies to BTC, other currencies have more utility than BTC.

Bitcoin offers no smart contract capability, so DApps can't be built on it. DApps (like the many gaming ones upcoming) give an incentive to buy and use ETH that has nothing to do with 'number go up', you buy it to use the DApp. Do you disagree?

06-01-2021, 09:39 AM

-

#4668

BDSMBBW
Registered User

BDSMBBW
Registered User

Join Date: Jun 2015

Posts: 2,873

Rep Power: 10371

now you are describing financial markets. When people buy price goes up, when people sell it goes down.what financial markets don't do is give every bloke a guaranteed return!!. and that too 40%+?!!This applies to stonks/crypto/w/e.. Any other chitcoin is better than hex cuz u can atleast sell that chit when u wanna get out of it. ETH and BTC serves different purposes - btc is seen as digital gold by many and i agree with that viewpoint. Its more of a commodity like gold..

Hex == worse than dog chit.

If they are "locking up" hex or w/e how is that even good for most of the "holders"? What if hex dumps to 0 - they will be holding something worthless and they have no control over what they can do with their useless hex?

atleast i am glad you acknowledge hex is a ponzi.

06-01-2021, 09:48 AM

-

#4669

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By BDSMBBW⏩

now you are describing financial markets.

Yep, that's why many have considered (as do I) finance capitalism (meaning the financial sector) to be a glorified casino.

Look at the credit default swap fiasco... Nothing more than a ponzi scheme, which helped to trigger the global financial meltdown of 07/08.

btc is seen as digital gold by many and i agree with that viewpoint. Its more of a commodity like gold..

No, it's ponzi.

At least Gold actually has real world utility, even if it's no longer used as a store of value. Bitcoin doesn't.

Monero, Haven, and Pirate chain doe, because they provide cross-border financial privacy.

If they are "locking up" hex or w/e how is that even good for most of the "holders"?

It makes the price go up.

Game theory.

What if hex dumps to 0 - they will be holding something worthless and they have no control over what they can do with their useless hex?

Buying and holding is what makes the price go up. That's true for Bitcoin, and that's what's true for HEX. So Richard literally incentivized people to hold. You lose significantly if you unstake before your agreed upon time. There have been people who (you can check on the smart contract) who have locked up for 10+ years.

Selling makes the price go down.

atleast i am glad you acknowledge hex is a ponzi.

Yep, just like the people who push the "Bitcoin is digital gold" but they are dishonest, and won't tell people that all they are doing is trying to encourage people to buy and hold so that "number go up". It's ponzi-economics.

If people like Michael Saylor was honest he would just say he wants more people to buy and hold so "number go up", rather than telling people (paraphrasing) "There is no 2nd best crypto asset, there is only Bitcoin!" because his company is balls deep in Bitcoin... Dishonest man openly promoting ponzi-economics, yet who is praised by Bitcoin Maxis. At least Richard openly says that the goal of Hex is "number go up".

06-01-2021, 09:57 AM

-

#4670

BDSMBBW
Registered User

BDSMBBW
Registered User

Join Date: Jun 2015

Posts: 2,873

Rep Power: 10371

When you lose it all in HEX one day when that cunt richard heart legs it you will come back here crying how bitcoin was the one scam free coin.

see how you cleverly avoided the bolded part - i will repeat - there areno guaranteed returnsin financial markets and there isNO RISK FREE TRADE.

06-01-2021, 10:04 AM

-

#4671

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By BDSMBBW⏩

see how you cleverly avoided the bolded part

I don't know what you mean. I just avoided the parts where (honestly) you seem to just descended into raging.

I hope you watch some of Richard's talks one day, if you haven't already.

I highly recommend this one, the first hour alone is highly insightful. Even if you don't buy HEX, IMO you'll see that he's a really insightful guy...

i will repeat - there areno guaranteed returnsin financial markets and there isNO RISK FREE TRADE.

I agree.

(Note: I own no HEX... Yet.

I'm not emotionally attached to projects, I try to look at things objectively. I may own or not own cryptos that I defend of criticize. I haven't seen the same from most Bitcoin owners, they literally deny basic data that shows that ETH and BNB have more utility that BTC., and that "number go up" is the sole reason why Bitcoin dominates the market.)

06-01-2021, 10:20 AM

-

#4672

BDSMBBW
Registered User

BDSMBBW
Registered User

Join Date: Jun 2015

Posts: 2,873

Rep Power: 10371

no thanks i dont wanna watch that ugly cunts face or hear his voice. It was amusing nonetheless to argue over nothing. you are not being objective - you are trolling.

and no i am not btc maximalist - i just find it easier to trade bitcoin thats all. If something else pops up i will switch to that - for now it is btc. If u buy hex u might as well throw all ur money away.

06-01-2021, 10:25 AM

-

#4673

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By BDSMBBW⏩

no thanks i dont wanna watch that ugly cunts face or hear his voice. It was amusing nonetheless to argue over nothing. you are not being objective - you are trolling.

No, I genuinely am trying to be objective.

The market is largely made up of gloried ponzis. Bitcoin being the biggest.

If the market was based on adoption and utility, ETH and BNB would have a higher market cap than BTC. The data showing DApps, transaction volume, and digital product sales on ETH and BSC shows that.

IMO if someone tries to objectively look at the data they will come to the same conclusion.

and no i am not btc maximalist

Never said you were.

If u buy hex u might as well throw all ur money away.

People have been saying that to people who buy HEX since it's inception, it continues to prove people wrong. (It's outperfomed BTC in the same timeframe.)

People have been saying that to people who buy Bitcoin, it continues to prove people wrong.

06-01-2021, 10:29 AM

-

#4674

BDSMBBW
Registered User

BDSMBBW
Registered User

Join Date: Jun 2015

Posts: 2,873

Rep Power: 10371

You don't even own hex - you are clearly trolling.

06-01-2021, 10:37 AM

-

#4675

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Originally Posted By BDSMBBW⏩

You don't even own hex - you are clearly trolling.

I don't own ETH either, but I've argued ITT that I believe it needs to flip BTC for the health of the crypto market.

You don't need to own something to see/acknowledge it's merits.

06-01-2021, 12:20 PM

-

#4676

StevieSparkZ
< 1k Posts/Year Crew

StevieSparkZ
< 1k Posts/Year Crew

Join Date: Apr 2004

Location: United States

Age: 41

Posts: 3,826

Rep Power: 10599

Originally Posted By jamalfudge⏩

Richard Heart said he has a plan to make HEX a top marketcap coin through mischievous practices. I'd avoid it with a 10 foot pole.

I've listened to several of Richard's streams and I don't recall this.

Do you have a source?

06-01-2021, 05:54 PM

-

#4677

Lefticle
Registered User

Lefticle
Registered User

Join Date: Jan 2011

Height: 6'1"

Weight: 225 lbs

Posts: 29,450

Subscribers: 1

Rep Power: 572257

Just bought some VTHO

06-01-2021, 07:23 PM

-

#4678

im2manly
Registered User

im2manly
Registered User

Join Date: Jan 2007

Posts: 28,953

Rep Power: 309811

Originally Posted By Lefticle⏩

Just bought some VTHO

The free stuff VET gives you?

06-01-2021, 08:29 PM

-

#4679

BetaAsPhuck
Wage Cuckin' It

BetaAsPhuck
Wage Cuckin' It

Join Date: Mar 2014

Posts: 34,506

Rep Power: 127306

Extremely green TA...

Someone on /biz/ posted about a Death Cross forming on BTC, I checked and yeah.

Benjamin Cowen said on the 27th that a Death Cross may be forming.

A Death Cross can signal a massive sell off for those unaware.

Biden'sHairyLegs... Are your 'sources' still confident?

06-01-2021, 08:41 PM

-

#4680

illriginalized
Registered User

illriginalized
Registered User

Join Date: Dec 2006

Posts: 44,327

Rep Power: 46892

In!

I have a decent spread, recently they all took a hit. Guess I’ll just continue to HODL as per usual.

Log In

Your email is not your username

Register

Confirm your email

Welcome

Sign in

Thread: MISC Crypto Crew (MCC) Vol: XIV: Scaling troubles and NFT bubbles