Hex works essentially the same way. What is a Lightning Network? This keeps a more even playing field and prevents big whales dumping on you and collapsing prices i. Nothing written on this site should be taken as financial advice. Think about it. Coin Insider.
What is Bitcoin Hex?
M i AlSvp o GuswF. This is an extremely complex project that requires quite a bit of time to understand. It can take hours of watching Richard Heart YouTube videos to understand the vision behind the Hex project. You also need some understanding of how Ethereum smart contracts work. I think a lot of crypto is about talking about how good the technology is and how it’s going to change the world, I don’t think most people really give a shit. I think they want to make money, I think they buy a bag and they hope their bag goes up to a really high price, so when I tell you I think they want to make money, I think they buy a bag and they hope their bag goes up to a really high price, so when I tell you about things, you know technology’s fun to talk about but I’m really-really concerned with the bitcoin hex review.
Want to add to the discussion?
What is Bitcoin Hex? In this, we explore the new project which might well become one of the top 10 cryptocurrencies. Written by Bobby Atkins Published on February 14, Richard Heart — Colorful. Bitcoin OG. Thinker and Entrepreneur. Creator of Bitcoin Hex.
What is Bitcoin Hex?
M i AlSvp o GuswF. This is an extremely complex project that requires quite a bit of time to understand. It can take hours of watching Richard Heart YouTube videos to understand the vision behind the Hex project.
You also need some understanding of how Ethereum smart contracts work. I think a lot of crypto is about talking about how good the technology is and how it’s going to change the world, I don’t think most people really give a shit. I think they want to make money, I think they buy a bag and they hope their bag goes up to a really high price, so when I tell you I think they want to make money, I think they buy a bag and they hope their revieew goes up to a really high price, so when I tell you about things, you know technology’s fun to talk about but Butcoin really-really concerned with the price.
If you want to change the world and you want to replace the existing economic system with something better, you can only do it if that better thing has a lot of economic mass and that means that a lot of people have to buy it and have to pay a high price for it or else it doesn’t work, right? Bitccoin money is just an analog to represent scarce things, like human time, goods and services. If you want your analogue to work properly it also has to be scarce and valuable, just like the thing it’s representing.
Thank God. He gets to give it wait for the confirmations of his exchange, which takes an hour or more rights, sometimes it take an hour to find a single block you need multiple blocks to get your money confirmed on exchange to sell it. So he finally sells it, it finally gets his bank, the bank shots his account off because they don’t like the transactions, it looks suspicious right. So hed would I pay a bit ask Fred twice once on the payment side, bitconi of the receiver side, hours and hours of confirmation on both sides, sometimes it doesn’t work at all just to get his account turned off.
It’s horrible and it always will be and no amount of cryptography fixes that problem. As long as we live in a fiat world where people need to pay their rent, buy their food in fiat, that’s unsolvable whether you choose one style of crypto or another style of crypto.
That doesn’t matter, now what does crypto do well? Crypto stores value, it does better than store value, it appreciates right.
So some of you guys may have bought bitcoin at… you know I got it 30 dollars, I used to mine them infull blocks on my own with no pool, it was very nice right, 50 bitcoin block reward was very nice. To hold it, if you’d held it, jex lot of guys mind coins very early on they didn’t hold their coins and then all the mad gains that they would have had they just didn’t.
So it is true that in the 10 years, the Bitcoin has been doing peer to peer crypto currency transactions and techno adoption, at some point you have to biitcoin maybe what the market is telling us is that this is a store of value, it should be listened to.
So do we have stores of value in the world? How much are payment networks worth? Those 3 combined aren’t worth 10 percent of what gold is worth, which is a great investment thesis. Now the great thing about using cryptic currencies as a store of value is you don’t need high transaction throughput right. Now the funny thing about cryptic currencies; is how often do you really need to pay your friends for things?
Very-very rarely…. Most of our transactions with currency are to businesses or to your landlord, you have to buy food, gas, rent very little of it is I got to pay my friend Joe for what?
What do I have to pay my friend Joe for anything? If you add up everyone, it is still very small. So what I thought was well can you store value better than bitcoin does… what does bitcoin do? You can buy it, you can sell it and you can transfer botcoin and that’s it. Well, what if you want to earn money on your Bitcoin?
What if you want to lend your bitcoin out? Well now you’ve got to give your Bitcoin to a trusted 3rd party, who’s going to screw or get hacked or not give your funds for some reason right. So for instance there’s exchanges where you can sell your Bitcoin and lend them out he people to short the price and bitcoin hex review a floating rate that changes on how much profit you can get from bircoin that, but every once in a while those places bex hacked and then you don’t get your money. So if we have programmable money, reveiw should be the 1st thing we program?
Interest… so instead of giving your coins to a centralized 3rd party to hope to make profit you can just give your coins to the Smart contract that minted them and then the same contract that allowed the coins to exist in the 1st place is bitcokn same contract that will pay your interest for locking your coins.
So I invented it and I’ve had it coded and you can read it, it’s open source. So instead of paying miners a inflation pool which in bitcoin right now is 4.
So you know all the problems bitcoin regiew is having bitcoln now being 51 percent attacked because they only have 6 percent hash rate compared to bitcoin, it’s very easy for anyone to turn off the bitcoin hash rate and just through it on bit cash and destroy it, Ethereum doesn’t have that problem. So being a sub token [ inaudible] on Ethereum is more secure than launching your own chain and leaving yourself open to 51 percent tax.
So if you want to create a token that rewards holders for holding and pays people better and larger amounts for basically staking their coins and just not touching them and leaving them be, then Ethereum he a good platform to do. My question is exactly why do you need that throughput, the blocks are empty, we don’t need more space, we need adoption right and most of the things that you need high throughput for you can just abstract the trust part and put that in the chain right?
So I got about a minute 30 seconds of breeze through why I think you should claim your free tokens when you can so far in about 2 months depending on how hitcoin audit works. Fork bitcoins onto Ethereum, and if you have a bitcoin address and you can make some statements from it, signatures from it, which any good wallet can, then you just sign your BHX address with your bitcoin wallet and you get these free tokens which are EOC tokens on Ethereum. And if you don’t claim in the bitcoinn week you lose 2 percent of your coins, if you don’t claim by week 50 you have no coins left a coin.
If Satoshi doesn’t claim, he doesn’t get his coin. All those coins get given to the people that did claim, so there’s no freeloaders, there’s no giving free money to Mt Gox to dump on you.
If you’re smart before the snap shot, you shared your wallet into little wallets that are underbut if people figure out this later and they’re like oh I want to get it now that it’s successful, that I helped, I just wanna dump on these guys, that made it successful, well it’s too late. You’ve been penalize, you’ve lost your coins, if you claim 1st week, you get 10 percent bonus, if you refer someone, you get 5 percent bonus, if you stake your coins, you join the staker pool.
It’s got less inflation than bitcoin, bitcoin has 4. If you lock longer you get 20 percent more per year, which crowds out the smaller guys, so you get more shares which means the guys that didn’t get staked for as long get paid less but because so many people have locked up their coins, there’s less in the market, so even though they’re getting less interest rate, you’re getting more market value because there’s less coins available to sell, that’s it, go to HEX, buy your cryptostop trying to make a lot of transactions per second until you get at least one client that actually cares.
As with everything, do your own research on the Richard Heart Hex Coin. You should not rely on other people for advice. Try to spend time looking into the founder of any project as well as the intricate details on why the project launched in the first place. More than half a decade ago, Bitcoin itself had to endure heavy competition from cryptocurrencies that promised faster transactions.
Nowadays, a lot of recent and upcoming projects are out to displace Ethereum as the go-to smart contract platform Sign In. Is BitcoinHEX a scam? Update Cancel. Win 1 Bitcoin with Nexo. Learn More. You dismissed this ad. The feedback you provide will help us show you more relevant content in the future. Answer Wiki. Updated Oct 26, According to Richard Heart in his own words: I think a lot of crypto is about talking about how good the technology is and how it’s going to change the world, I don’t think most people really give a shit.
That’s all. What will the top 5 cryptocurrencies be on Jan. Updated Feb 27, The nature of these markets is cyclical. Continue Reading. View. Related Questions Is Bitcoin Hex a scam? Is empwr. Is Bitmex a scam? Is Paylater a scam? Is CloudCoin a scam? Is 24option a scam? Is BrainBux a scam? Are you sure Buxcoin is a scam? Is bux. Is ATBCoin a scam? Is this site bitcoincircuit.
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Why People Say Bitcoin Hex Token & Cloudtoken Are Scams
HEX is the first High Interest Blockchain CD
It is noteworthy that Richard himself was addicted to video games for many years. There will always be bitocin percentage of people who never claim their free airdrops Satoshi Nakamoto. And if you hold Bitcoin it could be airdropping to your wallet in the next weeks. But why then turn and tempt others with a token that runs on those same addictive principles? That’s a new one. The above references an opinion and is for information bitcoin hex review. Even if the developers try really hard to squash all the bugs before it launches, it probably still has bugs. Thinker and Entrepreneur.
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