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Merry Christmas from Richard Heart
Dec 30, 2023
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17:28
I
17:29
guess uh yeah so you know coinbase
17:32
didn't list hex sued by the SEC Kraken
17:36
didn't list hex sued by the SEC binance
17:38
didn't list hex sued by the SEC plus
17:42
paying the cftc $1.5 billion plus paying
17:47
the doj 4
17:50
billion plus waiting for sentencing
17:53
after pleading
17:55
guilty hey wait a second second wait a
17:58
second hold on all the guys that said
18:02
bad things about Richard Hart hack Paul
18:05
chain Paul X sent their followers to
18:09
things that went bankrupt like Celsius
18:13
blockfi uh
18:17
cred Gemini
18:20
lend on down the list while I told you
18:23
all not to pick up pennies and freight
18:25
trains not to pick up pennies and FR of
18:27
freight trains not to risk your whole
18:29
stack for 7% not to do the opposite of
18:32
why cryptocurrency was invented and take
18:34
counterparty
18:35
risk you know it just blew my
18:40
mind and then these same idiots are
18:42
doing the same stuff oh here's another
18:44
funny
18:46
thing salana which pumped recently is
18:51
being claimed in court by the SEC to be
18:53
a security in both the Kraken case and
18:56
the coinbase case
18:59
pumped
19:02
anyway you know
19:05
now so right now I'm just kind of
19:07
talking about Market things so one four
19:10
years of perfect Flawless operation on
19:11
Hex why everyone else got
19:13
wrecked um call the top of the day never
19:16
went over that price yay um world's
19:21
largest free air drop worth millions and
19:22
millions and millions and millions of
19:23
dollars billions of dollars of market
19:25
cap all over the place four years of
19:27
perfect Flawless operation in hack 227
19:30
days of perfect Flawless operation in
19:32
pulse
19:33
chain uh yeah these things are all going
19:37
very
19:37
good
19:39
now oh yeah and apparently getting
19:42
called to security doesn't mean you
19:44
can't pump because there you go Sal of
19:48
Pumped also what I what I think is funny
19:51
well a few things about Salon it used to
19:53
be down all the time um and now it just
19:56
has a lot of inflation so apparently the
19:58
way salana works is that they inflate it
20:00
a lot to subsidize the fees to be
20:03
cheaper which then if the guys that are
20:05
getting inflation ever decide to sell it
20:08
is going to suck so salana has very high
20:11
inflation compared to bitcoin Bitcoin
20:13
has very high inflation compared to
20:16
ethereum and I think ethereum's
20:18
inflation is very similar to pulse
20:20
chains but I'd have to look there's some
20:23
website that has like a counter is
20:25
basically in ethereum and pulse chain
20:27
they both use EIP 1559 and even though
20:29
pulse chain has 25% less base inflation
20:33
so if if the gas usage on both systems
20:35
was the same pulse J would inflate 25%
20:38
less um but EIP 1559 introduces burning
20:42
and burning increases as a result of
20:45
what percentage of the block space
20:46
you're using so they target 30 million
20:49
gas and then the fees get a lot higher
20:51
if you go over half of that so they're
20:53
really targeting 15 million gas of the
20:55
30 million Max and pulse chain inherited
20:58
a lot of those parameters so long story
21:01
short because the gas fees are so cheap
21:03
on pulse we might not be pushing into
21:06
that gas demand as hard so we might not
21:08
burning it not be might not be burning
21:10
as much so there's a chance that pulse
21:12
Chain's inflating a little bit more than
21:14
ethereum but probably last time I
21:17
checked still less than Bitcoin
21:19
yay we're talking like bitcoin's at like
21:22
1.2% inflation and like
21:26
ethereum's negative .18 or something
21:29
these are very small percentages so but
21:33
you know a percentage of a very large
21:35
market cap is a lot of money so when you
21:37
talk about Bitcoin inflating at 1% you
21:41
know 1% of $500 billion is what what is
21:47
that Cal 500
21:52
billion
21:54
times
21:56
1.5 over
21:59
100 wow that's 7.5 billion that's a lot
22:03
of
22:05
money
22:07
wow um is is Bitcoin worth 500
22:11
billion let's
22:14
look
22:16
uh yep it's
22:19
855 billion wow so basically that means
22:22
that the miners are getting paid
22:25
billions of dollars a year to the price
22:27
to enrich mining
Hardware
manufacturers
22:29
and electric companies and harm the
22:31
environment hey but most of it's
22:33
renewable yeah but not all of it so
22:35
there you go still hurting the
22:37
environment pulse chain solved this also
22:40
ethereum solved this right you don't
22:42
need to destroy the environment or
22:43
enrich electricity companies or enrich
22:46
mining
Hardware
manufacturers to
22:48
maintain a consensus Network period and
22:51
funny thing about Bitcoin consensus
22:53
network is it actually sucks so uh you
22:56
guys that like Bitcoin that are watching
22:58
screw you guys and screw your bags I'm G
23:00
to educate you all and and half you guys
23:03
sent all of your people to go get yield
23:05
and things that went bankrupt why
23:08
because you can't get yield online why
23:09
because Bitcoin sucks oh you want to get
23:11
into stable coin you got on chain
23:12
exchange no oh wrecked oh you want to uh
23:15
you know have high throughput I I think
23:18
the throughput is at least four and a
23:21
half times higher on pulse chain than
23:23
Bitcoin but also uh
23:27
how many times
23:29
cheaper let's look
23:32
here
23:36
gas 45,000 times cheaper but it also has
23:40
more features and if you if you just
23:42
compare like a network that only does
23:44
sends on bitcoin versus another Network
23:46
like pchain and just pretend it was only
23:47
doing sends it'd be a lot more than 4.5
23:50
at 4.5 number is based on like the
23:52
average usage and the average usage is a
23:53
lot of complicated stuff like swaps and
23:56
staking and unstaking and all kinds of
23:57
stuff and so if you like took the usage
24:01
of the network and and like equalized it
24:03
with just sending native tokens back and
24:05
forth it would be like maybe 30 times I
24:09
can't remember I did this math once
24:11
before like a month ago but it's
24:14
significantly more than four and a half
24:15
times so pulse Chain versus Bitcoin
24:17
better for the environment lower
24:20
inflation
24:22
uh better features more secure never
24:26
been hacked
24:27
uh on the list Superior Network now what
24:31
does Bitcoin have more liquidity why
24:33
it's been around for 10 times longer and
24:36
it hasn't been gatee kept by every
24:38
possible thing which is fine so you know
24:41
at some point someone is going to I
24:44
guess there's some people in Australia
24:45
already doing it but like the best time
24:48
to buy Bitcoin was when everyone thought
24:49
it was a scam the best time to buy
24:51
Bitcoin was when it had the lowest
24:52
liquidity the best time when it when you
24:53
could buy Bitcoin was when it was almost
24:55
traded on no exchange anywhere as nearly
24:56
possible possible buy the only place you
24:58
could buy it was like Mount Cox Magic
24:59
the Gathering online Exchange in Japan
25:03
that was the best time to buy Bitcoin
25:04
cool well paulse chain has some of those
25:06
parameters it's still very early this
25:08
gatekeeping that everyone's doing it
25:09
can't get any worse only get better
25:11
right like the gates can only open and
25:14
basically look screw these guys right
25:16
hex went up 10,000 fold before staking
25:19
profit uh with the same gatekeep and
25:23
trash same garbage so great now the gas
25:26
FES are in ER because Paul chain exists
25:29
um for everybody right like congrats
25:33
everybody congrats everybody on the
25:35
ethereum network that was enriched by
25:36
the free launch of Paul chain for you
25:40
guys so we went over tons of free money
25:44
by the pulse chain Li world's larges for
25:45
air drop me bragging about calling the
25:48
top me telling you that sailor and all
25:50
these guys are holding billions of
25:51
dollars positions that think they're in
25:52
profit aren't when you consider a
25:53
slippage on the
25:55
exit um and then macro look
25:59
I there's a chart the chart shows that
26:01
the economy crashes every time they
26:03
pivot the rates to go
26:06
lower why is it that way I don't know it
26:10
just that's what the chart
26:11
says I think historically the reason
26:14
it's that way is because they pivot
26:16
because no one wants to lend anymore
26:17
which freezes up the credit markets and
26:19
so they start releasing the money and
26:21
then there's a lag and then because the
26:23
credit markets are frozen you get a
26:25
recession and people have to s Etc all
26:28
that that's how it usually goes
26:32
apparently maybe it will go that this
26:34
maybe it will go that way this time
26:37
too
26:38
it's it's all like it would be great if
26:42
the timing were lined up better so it
26:44
would be great if the mount gox guys
26:46
would have got their coins back when
26:47
Bitcoin was 15K instead of
26:52
43k because those guys are going to sell
26:55
some large portion of those those Mount
26:56
gax coin recipients the billions of
26:59
dollars worth of them are going to sell
27:01
and the same goes for the uh trustee for
27:03
the FTX bankruptcy those guys are going
27:06
to sell they're going to give back
27:07
people cash and they're going to get
27:09
that cash by dumping crypto and then
27:12
you've got other bankruptcies and the
27:13
works as well I wish these guys would
27:15
just sell I hate it when they get to
27:17
sell higher instead of lower
27:21
um I like a clean tight bottom that you
27:24
feel good buying you know
27:27
oh and also they just approved the Silk
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