[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 57 KB, 648x574, 1589133161774.jpg [View same] [iqdb] [saucenao] [google]
18998289 No.18998289 [Reply] [Original]

I don't quite understand why /biz/ can't wrap its mind around this token, because it's so fucking simple.

It's certificate of deposit and financial instrument. You can send it and receive it. Just like bitcoin, except there's an actual product: you can lock up your coins for some period of time (akin to a CD). People who don't lock their coins pay some fee in form of an inflation tax. People who lock up their coins pay less of a fee or even see a bit of an increase, depending on how long they lock up.

That's it.

How much is this worth? Simple: it could be worth as the CD market that it correlates with, and how much people use CD's.

HEX has a few thing going for it:
- The locking mechanism might help prevent panic dumping
- It's in the Ethereum ecosystem so it can automatically be used in all protocols that support ERC20
- It's grabs people's attention, if only because of its extravagant creator ("there is no such thing as bad publicity")
- Asia is still sleeping on it. Imagine if they ever FOMO on it.

>> No.18998302

>>18998289
scaaaaaaaaaaaaaaaaaaaaaaaaaaaaam ;)

>> No.18998322

thank you Rajesh, now my village will have many curry for celebration

>> No.18998329

you can lead a biztard to water but you can't make him drink. They'll all be FOMOing in when Hex is $1

>> No.18998341

>- It's grabs people's attention, if only because of its extravagant creator ("there is no such thing as bad publicity")

post picture of your hand with timestamp

>> No.18998366

Alright, look. This project was started to solve a personal problem, that is why it's more legit than any other project in crypto right now. As many of you know, I was barely getting by doing hourly magician gigs, you know, sleight of hand card tricks, long ass handkerchiefs, shit like that. I was sinking fast and had been going to my magician gigs hungover. Most of the time I would have to take a flask of bourbon along just to make it thru the gig. One Monday I started, well... continued, a gnarly bender after doing tricks for some rich banker's kid's bar mitzvah. I was so depressed hearing them talk about their parents money I just kept smashing whisky shots and doing insane amounts of blow I got off this gayboi designer I met at some club. We fucking went apeshit man.. when I woke up the next friday afternoon I saw all the ideas we came up with in our coked out frenzy to start an Ethereum token ponzi scheme. I used to be a BTC maximalist before I got into magic so I kinda know the crypto scene. The logo was so good and apparently I promised this gayboi that he would make millions off this logo so he would keep fronting me blow... I don't want to fuck that up cuz he's super hot and I don't get that type of boi pussy as much these days. Anyhow I have to do this thing now so check out Hex and if you are early enough you might make a few bucks, but probably not.

>> No.18998382

>>18998302
Fpbp, avoid this scam as you would avoid the plague ;)

>> No.18998458

Scam

>> No.18998540

Cause it’s not 2017 and most can spot a scam when yobit only has 3k usd in buys and that’s your best exchange.

>> No.18998560

>>18998289
I need people to dump this, I fucking sold high to buy low but it won't go down, if this turns into another bull run I'm going to very sad

>> No.18998622

This coin has so many promising attributes, where to start.

One of the few coins holding steady amidst the recent panic selling? Check.
Healthy trading volumes despite most big exchanges not listing it? Check.
Whales slowly accumulating in the background? Check.
Biztards screaming scam because it hurts their feelings? Check.

>> No.18998688

>>18998322
>>18998302
I love the only argument is "hurr durr rajeesh"

I mean, I have no opinion about LINK for example but there is at LEAST 10 good arguments against it

HEX Is just rajeeesh scam scaaaaam

makes u dink

>> No.18998712

>>18998366
First you have to understand, it does nothing. Its not a CD in the normal way. You dont have to stake or can end your stake early with a penalty, which doesnt actually matter if you are ahead in gains. Only 25% are locked, so people just wait on the sidelines to dump at their will. For a CD to be successful, the "end stake early" shouldnt be there. It lives and dies of people fomoing in. Its a ponzi, without the "running out of money" part. Uniswap helps a lot as liquidity pools never dry up, as richard funnels the eth from AA back into the liquidity pool. by the time the AA runs out, the network effect should be huge enough to sustain future gains. if not, it will collapse at least on the big pay day as everyone and their mum will cash out their 100x , so you better sell it before then.

>> No.18998720

>>18998688
you forgot "ponzi" and "wash trading".

Hex/RH haters remind me a bit of Trump haters. No arguments just blind rage and derangement

>> No.18998732

>>18998720
ah ok , yeah not like LINK 700k sells and Binance pajeet coins like Wazir has wash trading right

>> No.18998814

>>18998289
CD market is dead though, everyone uses mp3 and streaming

>> No.18998855

But you guys! It is a scam. However XRP is legit, it has partnerships with real banks!

https://www.youtube.com/watch?v=3tMRSaVuUjc

>> No.18998926

>>18998540
>when yobit only has 3k usd in buys and that’s your best exchange.
this post right here shows how retarded the typical crypto user is

>> No.18998950

>>18998289
mad gainz! what does /biz/ say? scam its a scam. continue getting butt fucked /biz/ buy link and xrp