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HEX MEETUP IN COPENHAGEN #HEX #RichardHeart
Oct 20, 2021
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“staking” · 6 mentions
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28:39
reddit hex is banned not allowed to talk
28:41
about it you go on bitcoin reddit hex
28:43
banned along with everything else but
28:45
you're never going to hear about hex on
28:46
those two reddits if you go to our
28:48
cryptocurrency the only threads that
28:50
you're allowed to hear about and reddit
28:51
are ones that are counter hacks or
28:53
counter me hateful threads only you're
28:55
not allowed to say anything positive
28:57
about hacks at all or you will literally
28:59
just have your comments deleted and
29:00
you'll be banned which is crazy to me
29:02
because we won you can't have higher up
29:04
time you can't have better price
29:06
performance you can't have a better logo
29:08
you can't have a better brand name you
29:10
can't have a better.com like we won on
29:12
like every level that you can win and
29:15
there's no pain in our chart because you
29:17
know with all these other charts where
29:18
people were able to short it and get
29:20
liquidated and then their liquidation
29:23
and their horror and the complete loss
29:24
of their funds pushed the price higher
29:26
no one was able to short hex and so all
29:28
of the pri positive price performance
29:30
and hex
29:31
came just from people
29:33
participating and buying something that
29:35
they believed in and none of it came
29:36
from people shorting and getting
29:38
liquidated now one day if people want to
29:40
get shorted and get liquidated i'd love
29:42
for them to be able to do it here but
29:43
there's no way to do that yet
29:45
got another question you got another
29:47
question go ahead um when you talk about
29:50
how they might how people might want to
29:52
you're talking about shorting systems
29:53
and you're going to gain
29:54
the pulse chain release
29:57
what would gaming that's that that fork
30:00
look like well
30:02
so
30:03
when there's a fork you have to choose
30:07
where you're going to have your chips
30:08
before the fork occurs
30:10
so you could have uh ethereum in
30:14
your own wallet
30:16
or you could have ethereum wrapped and
30:18
wrapped ethereum or you could have your
30:19
ethereum in a liquidity pool
30:21
and then each one of these plays has a
30:24
different outcome so if you're if you're
30:26
ethereum sitting in your own wallet
30:29
then it's going to be treated as
30:30
freemium and you're going to have to
30:31
move it to a new address or it's going
30:33
to be removed for me in 30 days
30:35
well
30:37
you might be able to avoid that if you
30:39
have it in a liquidity pool instead but
30:41
then if it's a liquidity pool it might
30:43
get harvested by the automated market
30:45
maker fixer bot to check fix the ratios
30:50
and then if you have it as wrapped
30:51
ethereum
30:52
not sure what happens with that yet
30:54
if you were to give and so what you mean
30:56
when you say it for example like let's
30:58
not give up notice is because then
31:00
you've got a week of people saying oh
31:02
let's
31:03
we'll consolidate here and there well
31:04
they're also they're all there also
31:06
might be other edge cases that i just
31:07
haven't thought of yet and so i don't
31:09
want to commit to a specific date or
31:11
time because i know if it's random and
31:13
it's a range that there's just less
31:15
games that could be played yeah and so
31:17
it's just kind of a safety mechanism
31:19
like if we if we set a hard block or a
31:21
hard time it would be consistent with
31:23
what most forks did and would probably
31:25
be fine but it's easier just to not lock
31:27
myself into anything like that and leave
31:30
there some float you know
31:31
this question this had this whole
31:33
situation with pulses brought up the
31:35
idea of forking and then
31:37
mo sorry most people don't realize that
31:40
chains are getting forked all the time
31:42
well i mean all the time but then i
31:44
looked at bit finance i didn't even know
31:46
that that was a fork originally because
31:47
i'm
31:48
fairly new you mean bsc smart change
31:50
yeah smoking sure so i'm a fairly new
31:53
right maybe eight months in crypto and
31:55
only three in hicks because right it was
31:58
everything else right
32:00
and but it's interesting because when
32:01
you find out oh these are actually forks
32:03
of ethereum that just they were empty
32:05
forks right and there's a lot of those
32:07
other issues so tell us a little bit
32:09
about what doesn't work when you fork a
32:11
chain well most most forks start out
32:14
empty and the problem with starting out
32:16
with empty fork is that there are tons
32:18
and tons of empty block chains and what
32:19
gives blockchains values is their users
32:22
and so if you want to have a valuable
32:23
blockchain you want to have a lot of
32:25
users and particularly users that are
32:27
well-funded
32:28
so for instance you know why was hex
32:30
able to go up 10 000 fold in price
32:33
before
staking
20 000 fold with
staking
32:36
with only 67 000 stakers because some of
32:38
those stakers are wildly wealthy some of
32:40
those stakers have hundreds of millions
32:42
of dollars and when you have a couple
32:44
guys with hundreds of millions of
32:45
dollars they're really able to move the
32:47
price i mean like if you even if you
32:50
look at bitcoin's price movement the
32:51
majority of bitcoin's price movement
32:53
happens in 10 days spread across the
32:55
year and if you miss those 10 days you
32:58
actually lose money so so much of the
33:00
price movement happens in sharp strong
33:02
bursts
33:03
that
33:04
it you know you could say that's because
33:06
it's the activity of large players they
33:08
want to now the price moves now and
33:11
everyone else has to chase it i mean a
33:12
fun saying i like to say is if you if
33:14
you want to know where the bottom is you
33:15
just make the bottom like if you have
33:17
enough money you can make the bottom
33:20
and people just can't sell it down
33:21
anymore so if you're if you're a large
33:23
enough player you get to make tops you
33:25
get to make bottoms yeah and if you want
33:26
to predict the future you can build the
33:28
future and then you'll know what the
33:30
future looks like
33:31
so i think i don't think the world needs
33:33
more empty blockchains we we need
33:35
more block chains that are useful
33:38
that are near capacity 60 70 percent so
33:41
the fees are still affordable so
33:42
eventually pulse chain
33:44
may also have high fees
33:46
and i think that will be okay if it
33:47
makes everyone
33:49
wildly wealthy on the way there then we
33:51
can work on layer two scaling we can
33:52
work on geographical sharding we can you
33:54
know do other things but you also have a
33:57
huge a larger block capacity so the
33:59
chance that you're going to get these
34:00
higher prices it's slower pretty far
34:02
into the future yeah it should be
34:04
several years into the future we assume
34:06
i mean it is a guess
34:08
but it's i mean if you have to pay high
34:09
fees but you got wildly wealthy and now
34:11
are able to pay the ifes it's still a
34:12
good deal for you it's not a good deal
34:14
for the new guy that wants to get in but
34:16
for the people that are already in it's
34:18
a good deal for those guys
34:21
any other questions back there i feel
34:22
like i've educated you all so well real
34:24
quick come on up come on up but uh i got
34:26
a couple of you guys
34:29
it's hot i gotta tell you this jacket's
34:31
super hot
34:32
like wearing an actual piece of luggage
34:34
is retardedly hot
34:37
yeah i was just wondering you know
34:39
everybody knows the fits of printing a
34:41
lot of money yeah
34:42
and probably continue to do it sure
34:46
and that just postpones a huge crash and
34:48
you know the crisis or whatever you want
34:50
to call it just like you saw in during
34:51
the code it did why it was a perfect
34:53
opportunity but i don't really have it
34:56
but at some point that might stop you
34:58
know it it's not never ending
35:01
how do you think the crypto market would
35:04
react
35:05
to a major
35:06
crash or maybe major economic
35:08
economic crisis because you know it has
35:10
never experienced stuff and how do you
35:11
think hex will
35:15
react to that in common to the rest of
35:17
the cryptocurrency so we've seen we saw
35:19
you know
35:23
when prices go up for everything
35:25
the stuff you hold has to go up higher
35:28
than all the other stuff you wanted
35:30
so if you have a stock portfolio and
35:32
your stock portfolio doubled in price
35:34
but you want to buy a house and the
35:36
house also doubled in price
35:38
you just treaded water you didn't make
35:39
money you didn't lose money
35:41
now your both of the things the thing
35:43
you had the thing you want they both
35:45
went up double
35:46
you're basically where you started now
35:48
maybe there's some tax considerations
35:49
you might actually be negative
35:51
um but you get the idea so just being
35:54
ahead of the game like right now with
35:55
inflation at five to thirty percent
35:57
depending on who's measuring it
35:59
if you get a five percent raise you lost
36:01
money you you just
36:03
you now have a reduced quality of life
36:05
because you only got a five percent
36:06
raise a lot of people aren't getting any
36:08
raises let alone a five percent raised
36:10
so
36:12
as long as cryptocurrency
36:14
continues to do what it has done and is
36:17
the highest and best appreciating asset
36:19
that's ever existed
36:21
i think it's going to overperform in a
36:23
bull market and i think it's going to
36:24
over perform in a bear market now
36:27
when i say over perform on a bear market
36:30
if the price of your cryptocurrency
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