HEX

AdOpposite6867

HEX is one of the biggest scams in crypto and that is coming from a guy who actually made decent money off of it in the last bull run.

swagamoney

HEX isn’t transparent about it though lol

StreetMortgage330

It’s called HEX your too late buddy

Hitchie_Rawtin

You'll have to dive deep into his videos 5+ years ago but he was admitting it was a scam at the time considering he thought all alts were scams and his justification for HEX was "If all the other alts can do it, why can't I? So here we go, you send my contract your ETH and you get HEX back! Don't mind me draining that ETH wallet and selling the ETH, you've gotten your HEX to look after." He was quite upfront about it.

Hitchie_Rawtin

Safemoon was the new HEX if anything, it was around for a couple of years before Safemoon popped up and Heart admitted it was a scam multiple times before he even launched it.

Flying_Koeksister

Is HEX the new Safecoin?

HSuke

Why is HEX on Pulsechain worth 5x more than HEX on Ethereum when they're bridged versions of each other? Shit makes no sense.

coinfeeds-bot

tldr; Richard Heart, founder of the cryptocurrency HEX, has caused division within the community with his promotion of PulseChain, a new blockchain he claims is superior due to lower transaction fees. This has led to significant financial losses for some users and a sharp decline in the value of the Ethereum-based HEX, while PulseChain's version has performed relatively better. Heart is also facing a lawsuit from the SEC, which accuses him of fraud and misappropriation of funds. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

HSuke

Not an Ordinal, at least not an ordinary one. (Doesn't show up on Ordiscan) It's a 3,984,032 weight transaction that took up the entire block. Use BtcScan to view the raw data. https://btcscan.org/tx/bd77f96589139cb5f26196d75744a7ce04aaa0f554cd646455b381dfb39930e9?expand Then use a HEX to ASCII decoder. It's some kind of JSON-formatted Adobe file. Seems to be an Adobe Dimension 3D model. I'm not familiar with them.

uncapchad

5 years! Didn't ole whatsisname Richard Heart pull a similar move with HEX?

Kumomax1911

Latest stunt was dropping HEX Pulse version on Pulse Chain. Then appears to have silently sold large amounts of his Ethereum Hex holdings to the new Pulse version. Then tweeted the Ethereum Hex version was worthless and everyone should buy the new version. This caused the original Ethereum Hex to dump and everyone to transition their money into the new after he already had his position. In case this scheme seems confusing let's break it down step by step: * Create token on Ethereum called HEX * Create token with same name on Pulse Chain & air drop it everyone that held original Hex 1:1 including yourself. Now you own 2 versions and you hold the same amount of each. Obviously, the problem is the new version is nearly worthless compared to the old. So you use this to your advantage. * Dump all your original Hex on Ethereum and use that money to buy more of your new token you already have 1:1. You just dumped a token worth a lot of money, and you bought a worthless one of the same name. * Go on twitter and shout "Old Hex on Ethereum is now worthless! New Hex on Pulse is the real Hex!" * Everyone then dumps old Hex and buys up new one which pumps Richards new bags that he now controls a higher percent of supply. He now has insanely more "HEX" because he got his own free drop, sold the old, used that money to buy more new at pennies on the dollar, then told everyone to do the same after he did it. However, the SEC's allegations can f off. Besides, anyone that did buy the initial offering did get rich lol. Hell, I made a crazy amount just for claiming the initial HEX airdrop. You could have invested 2 dollars when HEX first released and then sold for over 5k come end of next cycle. You also could make the argument that the above scheme is not even illegal as no one was forced to sell the old hex for the new hex, and just because Richard proclaimed "The old HEX is now worthless" that doesn't actually make it worthless. It still exists forever on Ethereum, and the contract is immutable. This is all really clever, though. It's way too smart for the average person to realize how they are getting the short end of the deal.

Wizerud

I mean it’s up to you if you want to invest in his projects. All I need to know is HEX was $0.51 at its peak and it’s now at $0.001 while BTC has already broke its ATH. Pulsechain is a complete failure after being hyped and delayed for so long, most likely to give the cult more time to invest yet more money into it. Neither he, his projects or his followers have any credibility. Case closed for me. Why waste any time even thinking about it.

Due-Professional6824

Well, there's something to learn from everyone. Rich was already wealthy before crypto. He didn't just buy bitcoin early, he scammed low IQ people like you after with projects like HEX lol. Listen to SciVive.. it's pretty good!

stupidlamo

Nope, there is no text strings, I'm just saying that there is no empty parameters if i'm reading with HEX reader (I know that sometimes people trying to use empty file - mine is not) and I'm 100% sure that file is encrypted, because there is password that I know, but I can't use it :(

Diamond_Alx

HEX because of 15y (5555) prisoners 🤣

lexwolfe

I think it's interesting that hardly anyone questions the validity of the list. My first thought was how is a crypto I've never heard of is apparently the 6th most trustworthy crypto ever. There's 3 on that list I haven't heard of. Blast is not on coingecko and no token data on CMC. Pulsechain is linked to HEX - says it all. Starknet looks legit ranked 77th in marketcap barely a month old. Maybe people just don't know that many cryptos.

downtownjj

1-'proof of stake' is too close to fiat. 2- there was a sizeable premine that turnes a lot of people off. 3- the monetary policy has been changed quite often. 4- code in not law. go look into ethereum classic for more details. and 5- most of the scams run on eth; FTT, Worldcoin, HEX, etc etc.

hungryforitalianfood

Ridiculous post. You think because this is a crypto sub, that all coins should be equally respected? This is some whole equity high horse bullshit. “Keep it positive”? Tf are you on about? If people *kept it positive* instead of calling out scams, even more people here would have held Safemoon or HEX or Verge or EOS. >No crypto is a dinocoin Bullshit. We (you know, the crypto community) came up with a term for older crypto projects that have multiple cycles of bagholders. There absolutely are dino projects, this isn’t up for debate. It doesn’t mean they won’t pump, so I’m not sure why you’re so emotional about this. >No crypto is dead Okay, you’re high. There’s a zero percent chance anyone is this dim and not heavily intoxicated. There are tons of dead cryptos. When a coin gets delisted from every exchange and there’s nowhere to buy or sell, it’s fucking dead. Honestly, you sound super new and absurdly naive.

ConfidenceCoach3

Pulsechain. Improvement upon ETH. Way cheaper transactions, faster transactions, and is designed to do what HEX did last bull run.

MuffledBlue

HEX maxi culture looks like it's dead

sharkhuh

Pointless to try and FUD people when their crypto is going up. People only learn lessons when it crashes (not saying SOL will). People just get blinded by the money they make and don't care about fundamentals. I've had the same discussions with morons over the years about LUNA and HEX and bunch of other things that were doing well for a short term. SOL is hot crypto alt-L1 of this cycle. Fundmentals won't matter until the bear market hits.

smokesletgo

There's a huge difference between SOL and HEX, same with Bernie Madoffs scheme? Your logic can be spun into bitcoin too which alot of non-crypto people do to their own detriment.

hungryforitalianfood

BCH is in the same league as BSV, HEX, and Safemoon.

Spacesider

This logic makes no sense. Lots of people made money by investing into Bernie Madoff's schemes. People who critised it were basically told that they were wrong because people were making money, and they even went as far of accusing them of being jealous because they didn't get in early. Or in your case, just saying that they are "wrong". This is the very same thing that I heard from HEX fanboys between the years of 2021 - 2023, and I refused to point out that it was a giant scam despite the brigading against me everytime I did. Well, it turns out that his scheme has also fallen apart, because Richard J Schueler the founder (Aka Richard Heart) has been charged by the SEC. Now all those fanatics are nowhere to be seen.

mattburton074

100k HEX 1m ETH 10m BTC

fan_of_hakiksexydays

This sub also said to buy Bitcoin, ETH, along with alt coins that have done well, along with telling people to DCA, not buy more than you can afford to lose, not to trust exchanges, not to trust FTX, and have warned about HEX and Safemoon. A lot of things that wouldn't have been good to inverse.

audiosauce2017

YES !!! Also buy into HEX and EHex

FoozMuz

There's always coins with some complete BS in the market cap, there were guys bragging that HEX was somehow in the top 10 last time

Smiling_Jack_

Hot post on the Hex sub: >bros Richard Heart is not hurting the Ethereum $HEX price... YOU PLEBS ARE... OA isn't selling or nuking stakes, dummies... but the plebs sure are!.. he said ETH gas fees are high and suck... he didn't say to sell your HEX bags and EES🤦‍♂️

raymv1987

Saw HEX had its own halving yesterday. And by that, I mean it lost half its ponzi value

Mountain-Ad326

DOGE for sure. Buy some XRP and HEX too.

1-760-706-7425

Nah, he’s some kind HEX / Pulse Chain monstrosity.

Good0times

No you see a simple ponzi scheme would be too simple. Like you've said it's been done a thousand times. Just copy and paste ETH, write up some bullshit about being the next big thing, pretend you are some kind of revolutionary platform, lie and lie until you have everyone's money and run away. Anyone can do that with a little thinking. What Heart has done is a more sophisticated than any other shiller. His first shitcoin scam (CFDtoken) collapsed fast. His education in that disaster was you can't just shill a scam for long. However - he learned there was the opportunity for followers and fans. In other words, psychological manipulation. So enter HEX. The entrepreneur image, a cause for good, fighting against the government. Glossy websites and aggressive advertising. Massive marketing and imaging. His coin is a disaster but who cares. Somehow he really captured a whole bunch of people to give them their money for nothing. Bear in mind those people are still out there. Somehow a serial fraudster, with a history of fraud, and with the US government literally trying to bring him down for fraud right now, is still some kind of Jesus. That is the fucked up part of it.

Ktruther

"Hold my beer." -HEX

Drakoolya

Quant has the same sort of BS behind it, the plus obviously being it's much more scarcer. But yeah, don't fall for it. XRP,HEX, PLSX worst maxis on the planet

CoffeeDave

I second Ledger, I've been using it for years. My coins have been safe but I did get a ton of snail make from HEX.

Cryptocaller

Buying KAS seems like a very poor choice. Everyone and their brother are writing articles right now like “KAS has 6500% gains!”…”KAS surpasses ATOM and is unstoppable”…. It’s some of the worst shilling that I’ve seen in a while (think HEX & PULSE). Plus, it’s sitting at an ATH after ripping upward for the last three weeks. Lots of people about to get Rekt by this one.

GoodSamoSamo

Nothing going on in this ecosystem except retail bag holders pushing misleading and manipulated stats to make it appear as though this L1 has something going for it. Outside of that, no one talks about this project and is as much of a scam ad XRP and HEX.

Cryptocaller

Hilarious that you identify that if you actually had the money to invest into BTC than you would. But you don’t. So your pennies invested need to stretch much further. Interesting theory. Perhaps than you should invest in HEX or Pulse. I mean SOL is in the same class as those scam coins and they promise 44,000% returns. You guys are something else. Do some research morons.

luckymaina13

Hi. Thanks i guess i will have to dive deeper on HEX before making conclusions. Thanks.

fuenfsiebenneun

with you being active in pulsechain and HEX you must know more about losing 10k in a day than making them

countvracula

> they want to be lied to 100% . You want an instant loyal following startinbg out? talk XRP or HEX in a positive light , there is your few thousand views straight up. Don't believe me? See what Ben Armstrong has been shilling ever since he lost his channel and started a new one.

ConfidenceCoach3

Pulsechain. That is all. Creator of HEX (which did 10,000x last bull run). The creator created it to be an alternative to ETH for when the ETH fees get astronomically unaffordable to the masses.

_Commando_

Its almost like that HEX coin scam.

DiscoverCrypto_org

Oh geez. If you're new to this space, PLEASE. DO. NOT. FALL. FOR. THIS. SCAM. I won't say this about many projects, but HEX is just a complete and utter ponzi scheme with a thief of a founder. Stay FAR AWAY. Keep in mind, this reddit poster above (Drmotley2) spelled Ethereum "etherium." Not to be mean, but that may represent just how much this guy knows about crypto. Sorry, when someone recommends HEX, I HAVE to try to protect people from this.

__kinsley

Blue Chip: BTC Medium Risk: HEX Degen Coin: TitanX

BlockStarOfficial

Great post! In a market as dynamic as crypto, utility-driven projects are the bedrock of sustainability. BlockStar's value proposition extends beyond just a single aspect of the blockchain space. We've spent over five and a half years meticulously crafting an ecosystem built on blockchain From industry-disrupting platforms like BlockStar Social, TV and Digital, which decentralize social media and content streaming, to several AI applications leveraging bespoke machine learning solutions, we’re grounded in real-world applications. Our DeFi offerings, such as BlockStar NFT Marketplace and BlockStar Altitude, provide comprehensive asset management, and we believe our Hybrid Exchange (HEX) is a first of its kind - centralized order book trading, with self-custody holdings. Another first of its kind is BlockStar Meet – a cutting-edge, secure collaboration tool, which allows for simultaneous live broadcasting across the common live streaming platforms, controlled in one place. As the crypto world reels from the current volatility, BlockStar's multifaceted ecosystem is designed to stand firm, powered by our native currency, BlockStar Token. We're proud to be a project that doesn't just promise but delivers day in and day out. Our team, our technology, and our vision are steadfast. For anyone focusing on utility as the driver of the next market wave, take a closer look at BlockStar. We're not just riding the wave – we're helping shape it.

Girrrth_Broooks

How’s $HEX treating you?

Prahasaurus

LOL. I'm sorry, but XRP is a huge scam, just a money grab by insiders, and everyone outside of the XRP cult has known that for years. It's the educated man's HEX. Banks are not going to use XRP, they will build on Ethereum. Next up: Cardano...

maynardstaint

If the project was any good, there would be a thousand redditards telling you it sucks and you should be buying HEX.

BlockStarOfficial

Not shilling but since you asked I believe we’ve already built some fantastic products that haven’t been done before. An entire Web3 Ecosystem that spans products outside of just crypto and into things like AI, Gaming, SocialFi as well as corporate applications as well. Inside crypto we’ve built a fully functional HEX with self custody for safety and transparency. Decentralised Social Media is going to be big this year along with the privacy and security blockchain brings. Check out our profile or feel free to comment for further information if you would like to know more along with the utilities already in service. Have a great day

xKnight0

if you buy stake with code: ** LFG ** for a big ass discount on fees/rebates And this shit is gonna be the next OHM/HEX

Own_Cap4020

Was actually thinking about HEX some while ago, I had an investment in 2020

RAJSINGH5671LALLI

Yeah like RH from HEX and PULSECHAIN says the quickest way to lose your money is with liquor , ladies and leverage...

estestens

People are selling #Bitcoin for good #altcoins to get better gains. Like #HEX hex.com

xkUKYRTbfVEzDjQC

not the seed, but the Private Key ​ In some way look like there is a patron of formula to generate those HEX then you have to convert HEX to WIF privateKey and then import the wallet.. ​ the problem?: there are (in the puzzle #66) 16\^16 possible combinations or 18446744073709551616 if you want to see the combinations in a number :o

tudorian95

I'd take a look at PulseChain, the ETH clone launched by Richard Heart. I was involved in HEX at the beginning but got out due to some FUD (then HEX did a 1000x movement). Decided not to fade this one as well. Next bullrun will tell. Not a 500k bet, but a billion PLS is worth 60k now. Might easily flip that to a million within a 12 months time frame

jupiter_incident

This list must be doing the rounds again. First I got letters from HEX in the mail. Now I'm getting scam calls from coinbase. These people need to be sued.

apkatt

Yeah, I got scam mail from HEX/Pulsechain (actual snail mail) to my home adress a few weeks after that leak. Thanks Ledger.

hous26

Yup. I've seen this movie too many times. Ethereum is going to overtake Bitcoin!!! Luna/HEX/Ark/Stratis/Chiliz/Bitconnect/Neo/Ravencoin/Lisk/NEM/Tron/Stellar/VET/Tezos/EOS are going to overtake Ethereum!!! Most of them were pumped by the same people pumping Solana today.

apkatt

>*A SOL holder*, literally the epitome of how this subreddit is full of 50 IQ people who have no idea what they’re talking about. The tokenomics are terrible, to put it nicely. The hardware/bandwidth requirements to run a validator severely limits who can afford to be one. The blockchain can be turned on/off at the will of the devs. The page you linked to is an absolute joke, they list PulseChain, an **actual scam** associated with Richard Heart/HEX – but not Cardano, the second biggest SC platform that is actually designed to be fully decentralized. The Blockchain Lab at Edinburgh University is working on an objective measurement of all aspects of blockchain decentralization: https://www.ed.ac.uk/informatics/blockchain/edi

JeffreyDollarz

You obviously have not perused the R/HEX or R/Safemoon subs then.

t0pz

Unlike OP requires here, it's not a "innovation, technology, utility" narrative token. It's a finished product from day 1 and it won't change, ever. If you need an ever evolving bs narrative, it's not a token for u. It's a smart contract deployed on Ethereum. The smart contract literally tells you all its functions it has on etherscan if you'd bother to click on the contract tab. You can only do two things: stakeStart: requires you to input a date in the future (max 15 years) and an amount in HEX. Once you sign the transaction, it "locks" (in reality: burns) the amount of tokens for the amount of time in days you chose. stakeEnd: When the day comes that your stake expires, you can run the stakeEnd function. The contract uses two multipliers (longer pays better & bigger pays better) that essentially mint you new hex tokens when your stake ends. It re-mints you your principal + the bonus from the above multipliers. This is where the yield comes from. You can work out mathematically what the total maximum annual inflation of the token can ever be, and it comes out to around 3.69% per year max. There's some more options like ending your stake early at a penalty (you can lose principal + interest if you end it before its halfway done for ex). The penalty gets paid out to all the active stakers so the staker class benefits if others quit. I've played with this quite a bit and it is what it is. If HEX grows (read: new buyers/holders/stakers) at or more than 3.69% a year, you can make decent yield (depending how much or how long you stake (longer is definitely much better than bigger). It's highly risky since it's easily the most volatile token i ever had. It might go up 1000x but then it also dumps 95%. Not your thing? Don't buy it. It's anyways gatekept by exchanges coz they can't make money with it lol

t0pz

u/maynardstaint in a nutshell you can loose even (part of) your principal if you end your stake before its halfway done. So if you staked for 15 years and you end it now, you'll probably burn half or all of your principal investment. So the only reason someone would do that is if the price was equal or higher to the price they bought at. Otherwise they're selling at a loss. Plus, the "lost" HEX goes to all the staked wallets (once they end theirs). u/megajuanna is onto something though, since RH literally said it was designed to keep paper hands from selling by allowing them to lock up their HEX and being penalized if they change their mind. So 99% of sell pressure is removed. What's funny to me is that both hex holders and skeptics agree on how it works. They both say "but they are locked up for x years". Just that one side thinks that's a good thing, and the other thinks it's a bad thing lol :D

AnysPain

This has nothing to do with HEX, but rather the marketing potential that RH’s team employed. You do realize that Facebook, IG, TikTok, politicians, and independent research firms literally do this very thing with data that is either mined or stolen everyday. It’s HOW they target you. You’re going to fault a company for buying data to expand? Welcome to the real world, son. One of my best friend worked SEO and data operations for Fortune 500 companies and retired a millionaire in his 30s. One of his primary sources of data was the dark web, The RH ecosystem isn’t going anywhere. PLS runs better than any other L1 with smart contract capability. Keep telling yourself that HEX is a scam, but be sure you file bank CDs in the same column while the rest of us continue to grow our net worth. Just don’t tell people that Hex is a scam without providing proof of your claim. It makes you look foolish. And DEFINITELY don’t claim that marketing techniques are a scam because anyone in marketing will tell you the reality of your “privacy.”

apkatt

I actually have first-hand experience of RH:s scammyness. A few weeks after all the personal details was leaked from Ledger a few years ago, I got a letter (physical mail in my letterbox to my home adress) from HEX/Pulsechain wanting me to buy it. The very fact that they purchased stolen personal details from the hackers to spam crypto users is proof enough that they are in fact criminals.

AnysPain

This is the problem. You have zero substantive proof that HEX was ever a scam (because it’s not) and just parrot whatever you hear from the YouTuber that tells you which shit coin to buy at 10x leverage. DYOR should be applied to everything you ever consider talking about in life. And I mean that. Otherwise you step into a situation where you say something stupid, without factual merit, and someone like me comes along.

AnysPain

Tell me that you didn’t watch The Highest of Stakes without telling me you didn’t watch The Highest of Stakes. 🤦‍♂️ Spoiler: Finance experts and fraud investigators Lamont Black and Kelly Pope literally try to prove it’s a scam throughout the entire movie and fail to do so - because it’s not. They even have an on-camera statement from the head of one of the major coin ranking sites admit on camera towards the end that HEX is not a scam. You guys throw that word around without verifiable proof, then shut your ears when the facts come out to play. Watch the documentary. It’s on Amazon, AppleTV, and YouTube+.

Human-go-boom

Again, anyone that defends their bags from “FUD” is in a cult. Ain’t nobody out here FUD’ing anything. People are making reasonable observations and criticisms and it’s always met with “you just hating”. HEX and Safemoon communities would like a word with you.

LargeSnorlax

Alright, I gotta say it again, things that /r/cc LOVES and BOUGHT CONSTANTLY cannot be *inversing /r/cc*. During the bullrun *everyone* loved Doge and was buying it constantly. Everyone was buying ADA, everyone was buying SOL, these cannot be **inversing** anything. Things that /r/cc ACTUALLY hates *universally* are below: - Bitcoin Cash (Constantly insulted through 2 separate bullruns) - HEX (Completely ridiculed in every discussion) - Safemoon (Ripped to shreds on a daily basis) - Tron (Everyone who's ever discussed Tron here says it sucks) - Litecoin (Every time Litecoin is talked about, its with despair or saying to sell it) - Helium (Everyone shit on helium for most of its existence until now, with good reason) - EOS (No one has ever said anything good about EOS here for the last 5 years) If you're building an inverse portfolio it has to be things people actually hate, not just things that performed poorly at one point.

MrSpaceKook

This should really only include *legitimate* projects that r/cc doesn't like. Not scams and meme coins. That being said, HEX should not be added to it.

apkatt

OP, HEX is literally a scam though. Not "I don't like it, therefore it is a scam"-scam, but an actual textbook scam.

Stuart_Redman81

HEX & VET are now added to the bag. A doff of the cap to you sir. Thank you very much.

t0pz

Coins: UpToken, BKCoin, MNGO, TRX, HEX, Stoner Cats NFT, Impact Theory NFTs, Exchanges: Binance, Kraken, Genesis, Gemini, Celsius, Coinbase, Bittrex, Beaxy, There's tons more

S0FA-KING_smart

Lets hope HEX is next What Richard did to the sacrificers was even worse

Legitimate-Act-7817

Oh well, we still have a little bit of HEX saga left.

Amazon_Monkey

Given the alleged scam perpetrated by Richard Heart and his associates, a case involving HEX and PulseChain should be a high priority for the SEC. Their well-organized scheme targeted many, including myself and several friends. This potential Ponzi scheme necessitates thorough investigation by the SEC, potentially requiring international cooperation with Interpol to locate Richard Schueler, similar to the pursuit of fugitive Nazis fleeing to Argentina.

pink_tshirt

He needs to check out HEX and Safemoon

-CryptoMania

HEX?

LargeSnorlax

SOL was the most shilled coin of 2021. Everyone here owned it. Everyone here lost their shirt. Anyone who held SOL through 2022 [got a chart that looked like this](https://i.imgur.com/FG4Z8ZP.png) You can't "inverse /r/cc" by buying a coin everyone shilled. If you were inversing /r/cc, you'd be buying HEX, or Bitcoin Cash, or NFTs, something that this sub *actually* thinks is a scam and doesn't buy any of. Buying the most popular coin and the darling of 2021 isn't inversing /r/cc.

F0rtysxity

I know two people who are excited about HEX. Or were. Both of them ardently supported Trump. Small data sample. I know. But hard not to feel like there is a correlation.

ScorpioPsyc

Here's a story: my best friend put his entire life savings into HEX at the end of 2019. He became a multi millionaire nearly over night. Showed me his staker app & had 10-20 million at ATH (Crypto Winter 2021) The problem is, he staked everything out for 10 years, meaning he couldn't touch it. I was like wow my best friend is a multi millionaire, we'll never have to work again. I think you can all guess what happened. And yes, the hex & pulse subreddit are full of cope. Just today somebody posted "celebrating 4 years of flawless operation, no exploits, no bugs.." The SEC has been trying to serve Richard a subpoena, but he is hiding out of country. How inspiring right?

Ok-Zone-2055

If he hasn't sold, he hasn't lost anything. The HEX price will fluctuate as people enter and leave the market. When you stake hex you get T-Shares (which produce more HEX over time according to the code). HEX PLS PLSX is a fairly new ecosystem and will take time to figure out the SEC ruling and onboarding to create a more main stream adoption. The SEC case is a civil lawsuit for $27 million or so which is a tiny fraction of what RH has on hand. It won't affect HEX in the long run at all.

Green_L3af

He's probably involved in HEX or some other scam

EarningsPal

Who got HEX mail?

Raaagh

It’s easy to feel sorry for people who invested; It is difficult to feel sorry for the number of HEX-a-gones who aggressively attack anyone who points out the obvious scammy nature of HEX. They too are perpetuating the scam, and causing more victims and hurt.

cantreadcantspell

Headline really should read "HEX Gambler Who Locked For Three Years Laments Losing Money". This space really needs to stop conflating gambling and investing.

CryptoBanano

If only people here and everywhere have warned everyone else about HEX more than 1204837272 times about it, thats just too low they couldnt be certain it was a scam.

_Commando_

Careful, you might get downvoted by the HEX army. I called out HEX as a scam many times in the past and was downvoted like crazy...

Character-Dot-4078

HEX is approaching Bitconnect popularity it seems lol.

apkatt

HEX *victim* (and also moron). HEX is one of the longest running scams in this space.

coinfeeds-bot

tldr; The article discusses a HEX investor who expressed regret after locking their tokens for three years, only to incur losses due to the token's fluctuating value. The investor lamented the decision to stake their tokens for a long period, as the token's value surged to record highs and then dropped significantly. The article also highlights the struggles of the HEX token, including a lawsuit from the SEC and a substantial decrease in its market cap. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

tsurutatdk

Personally, I prefer having DUA over buying HEX and PLS. I dislike how the founder acts nonchalant when people are questioning his whereabouts.

JeffreyDollarz

It's kinda entertaining to hear the HEX army, or whatever they call themselves, try to explain how it isn't a scam. If you call it a ponzi, they tell you all crypto is a ponzi. Their community is like a slightly more mature version of the Safemoon army.

SuperSmash01

Believe me, I bear no love for Richard Heart. But we might as well not spread misinformation. If I understand correctly, Pulsechain did launch earlier this year, and the HEX smart contract has been running since the end of 2019. I don't think Richard Heart will be able to avoid securities laws on the Pulse "sacrifice" (lol), but HEX itself I don't think the SEC really has as much of a case on. It's a smart contract that didn't have any "investment" or "sacrifice" and has been running and being used for 4 years with no work or development from him since launch. Just a culty (VERY culty) community promoting it and building their own apps and websites to interact with the smart contract. But yeah, with Pulsechain as far as securities laws go, I think they have him dead to rights. That said, since it is a fork of Ethereum, I'm really hoping a ruling that Pulsechain was a security isn't really the SEC's plan to go after Ethereum from there... Better to do something like the XRP ruling: he sold it as a security, but PLS isn't a security itself. We'll see. I just really hope this isn't the first step in a roadmap to target ETH, by just starting with a generally hated figure like him and his ETH fork.

Heatproof-Snowman

As you mentioned, anyone googling HEX will quickly find out that it is a scam and founder Richard Heart is being charged and currently on the run. So this leaves 2 options to explain your brother in law’s behaviour: 1) his IQ is rather limited 2) he is a scammer trying go after his own family I’m not sure which one is worse, but stay away from this guy OP!

Abanikandy

Both of you not the brightest. Him for being all-in HEX and you for not doing whatever you could do have at least some exposure to crypto over the last 2 years of rock bottom prices.

JeffreyDollarz

I mean, HEX requires using a wallet and contracts and you can't aquire it from an exchange. That's not nooby stuff, necessarily. The HEX sub can't ever seem to explain it, they just say DYOR, post memes, and delete comments/posts that question HEX or RH.

numecca

Arguably everything is modeled like a ponzi. Getting rewarded during uncertainty with the HEX model is really good. Except that it's HEX and everybody hates it because of the founder. If this feature came from another project it would be lauded as smart.

gr8ful4

#Ponzi scheme Now if he would be smart he wouldn't promise you profits. He would promise you stability, privacy and freedom. But that would be - not HEX: