Crypto currency (IF banned from CA)

[DuuuncanHadaPigeon]

What's the difference between Hex and Bitconnect? They seem very similar and Bitconnect was a horrendous scam

They couldn't be more different mate.

Bitconnect promised returns by using their 'trading bot' to generate profits after you gave them bitcoin, always relying on new people to pay these profits.

In HEX the interest paid comes from inflation that is only paid to stakers. It has a lower inflation rate than BTC and ETH (which has an infinte supply and inflates daily due to miners). It requires no new users to pay this inflation and does not rely on any magical trading algorithm

The bitconnect code had admin keys and was not audited, I believe (although would need to confirm) that they also required you to give up your private keys, meaning everything you had on their platform, they could essentially steal at any time... which they did

In HEX you use your private keys to interact with the HEX smart contract. The HEX smart contract is triple audited and has no admin keys - this means the code can never be changed and is fixed in perpetuity (immutable) and you and only you are in full control of your interactions with the HEX smart contract.

The simplest analogy for HEX I think is that of an ISA/Goverment bond. The ISA pays you higher interest the longer you lock away your money, with penalties existing for withdrawing from your ISA early. This is all HEX does, but removes any middlemen involved and is trustless.

Any questions let me know

 

[JimmyJeffers]

All I am doing is telling people about the launch of a new cryptocurrency that has just gone live today. This is a cryptocurrency thread.

Please show me where I said it was a guaranteed investment, I even gave a disclaimer in one post 'not financial advice' I know the tech side of blockchain better than most as I did my thesis on it for my MEng.

Please elaborate on why you think it is sinister and contribute to the discussion as you regularly spam this thread with your feelings and easily disprovable arguments against crypto.

A quick search for the term HEX would suggest otherwise. I’ve had to soak my eyes overnight in bleach after reading all that.
Also adding a ‘disclaimer’ is purely lip service when checked alongside such quotes as
‘As adoption of hex increases, it will only lead to one thing. Insane price performance. I suggest get in before the train leaves the station’ lol
Or
‘I am encouraging people to buy and stake HEX’
Etc etc.
You should be ashamed of yourself quite frankly.

 

[Bungle]

They couldn't be more different mate.

Bitconnect promised returns by using their 'trading bot' to generate profits after you gave them bitcoin, always relying on new people to pay these profits.

In HEX the interest paid comes from inflation that is only paid to stakers. It has a lower inflation rate than BTC and ETH (which has an infinte supply and inflates daily due to miners). It requires no new users to pay this inflation and does not rely on any magical trading algorithm

Any questions let me know

Why do you buy children on the dark web and do you intend to let them go now we're onto you?

 

[Lord Buckethead]

Why do you buy children on the dark web and do you intend to let them go now we're onto you?

Don't mate, they get all nervous when you ask them about the human trafficking and money laundering for the Russian Mafia.

 

[Bungle]

Don't mate, they get all nervous when you ask them about the human trafficking and money laundering for the Russian Mafia.

If I go missing please point the authorities in his direction

 

[nikom court]

Why do you buy children on the dark web and do you intend to let them go now we're onto you?

i see the schools have broken up!

 

[Moomin]

They couldn't be more different mate.

Bitconnect promised returns by using their 'trading bot' to generate profits after you gave them bitcoin, always relying on new people to pay these profits.

In HEX the interest paid comes from inflation that is only paid to stakers. It has a lower inflation rate than BTC and ETH (which has an infinte supply and inflates daily due to miners). It requires no new users to pay this inflation and does not rely on any magical trading algorithm

The bitconnect code had admin keys and was not audited, I believe (although would need to confirm) that they also required you to give up your private keys, meaning everything you had on their platform, they could essentially steal at any time... which they did

In HEX you use your private keys to interact with the HEX smart contract. The HEX smart contract is triple audited and has no admin keys - this means the code can never be changed and is fixed in perpetuity (immutable) and you and only you are in full control of your interactions with the HEX smart contract.

The simplest analogy for HEX I think is that of an ISA/Goverment bond. The ISA pays you higher interest the longer you lock away your money, with penalties existing for withdrawing from your ISA early. This is all HEX does, but removes any middlemen involved and is trustless.

Any questions let me know

Has the founder of HEX ever been involved in any illegal activity in the past?

 

[Bungle]

i see the schools have broken up!

Oh look who it is, trust you to know the school timetable you danger.

 

[orly]

i see the schools have broken up!

That's not an invitation

 

[Lord Buckethead]

They couldn't be more different mate.

Bitconnect promised returns by using their 'trading bot' to generate profits after you gave them bitcoin, always relying on new people to pay these profits.

In HEX the interest paid comes from inflation that is only paid to stakers. It has a lower inflation rate than BTC and ETH (which has an infinte supply and inflates daily due to miners). It requires no new users to pay this inflation and does not rely on any magical trading algorithm

The bitconnect code had admin keys and was not audited, I believe (although would need to confirm) that they also required you to give up your private keys, meaning everything you had on their platform, they could essentially steal at any time... which they did

In HEX you use your private keys to interact with the HEX smart contract. The HEX smart contract is triple audited and has no admin keys - this means the code can never be changed and is fixed in perpetuity (immutable) and you and only you are in full control of your interactions with the HEX smart contract.

The simplest analogy for HEX I think is that of an ISA/Goverment bond. The ISA pays you higher interest the longer you lock away your money, with penalties existing for withdrawing from your ISA early. This is all HEX does, but removes any middlemen involved and is trustless.

Any questions let me know

 

[nikom court]

 

[Bungle]

View attachment 133369

Enjoy crying as your arsehole is used as a plaything by your cell mate once your atrocities are uncovered

 

[nikom court]

Enjoy crying as you're arsehole is used as a plaything by your cell mate once your atrocities are uncovered

are you knocking one out thinking about it?

 

[nsno-chris]

 

[Bungle]

are you knocking one out thinking about it?

I will when your mum offers up her gob again, I'd rather not ruin another pair of socks.