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HEX MEETUP IN COPENHAGEN #HEX #RichardHeart
Oct 20, 2021
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“liquidity” · 14 mentions
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Transcript
Show
Load earlier
05:33
[Applause]
05:35
with
05:41
okay awesome fantastic just like yep
05:44
she's great
06:01
you can come on in
06:18
hello
06:45
from
06:49
okay
07:04
thank you
07:40
just went to go get them
07:44
okay
08:00
unfortunately
08:13
okay
09:25
uh
09:40
here
09:53
um
10:15
oh
11:22
that's what happens when you're starting
11:23
right
11:24
now
11:39
that's not true
12:21
back
12:31
um
12:46
ladies and gentlemen here we go
12:53
[Applause]
12:53
[Music]
13:05
[Applause]
13:12
oh
13:18
[Applause]
13:20
mexicans in here
13:22
welcome welcome everybody so glad to see
13:25
all of you
13:26
i love it when i see a full room we got
13:29
lucky
13:30
so who here is uh a hexagon any hexagons
13:34
here
13:36
any pulsakens here
13:38
nice that's a lot of crossover
13:40
who here is from really far away do we
13:42
have anyone that came from like a really
13:43
long distance
13:45
where did you come from los angeles wow
13:48
that's going to be a winner right there
13:50
that's a long swim anybody else from
13:52
really far away out there benjamin
13:55
says hello pleasure thanks benjamin it's
13:58
so nice to see all you guys i was just
14:00
looking at the price charts today and it
14:01
was only 29 days ago 30 days ago that we
14:04
had our all-time high million percent 10
14:06
000 x 55 and a half cents you really
14:09
can't beat it
14:10
now we just uh had a 50 uh rise after a
14:13
dip down to 22. anybody buy the dip
14:17
they dip buyers
14:18
yeah it's funny people that are selling
14:20
they love it when the price is high but
14:22
people that are buying they love when
14:23
the price is low and really
14:26
everybody gets a little bit of something
14:27
they want and if you're in it for the
14:29
long term every single dip we've ever
14:31
had in hex has been an opportunity
14:32
historically so
14:34
you know i don't know why that trend
14:36
would stop anytime soon we're so new i
14:38
think there's only 60 000 67 000 active
14:41
stakes right now and i have a feeling
14:43
that in a year two years three years
14:45
there's gonna be a lot more than sixty
14:46
seven thousand active stakes because
14:48
it's truly something world changing and
14:50
innovative and we're so lucky to
14:52
have had it gate capped and suppressed
14:54
the price so that we could get in at
14:56
good entries pretty much
14:57
pretty much i'm gonna turn on my funny
14:59
bag here i don't know if you guys saw
15:01
this but you could actually program this
15:02
to have hex colors i don't think it's a
15:04
good investment of twenty two thousand
15:05
dollars but if you don't have anything
15:07
better to do with your money i guess uh
15:10
you could you could have one of these
15:11
let me find the power button here yeah
15:14
right it wasn't web it wasn't programmed
15:16
well yeah i don't like installing apps
15:18
on my phone so i just kind of would have
15:20
to get a standalone device just to
15:22
control this thing but it has its own
15:24
built-in kind of like
15:25
default color changing thing so it's
15:28
okay
15:29
how's the recording going live stream is
15:31
going
15:32
we got two live streams now we're
15:33
streaming on my channel our angles suck
15:35
so the documentary guys could get better
15:37
shots and then we got a backup live
15:39
stream
15:41
um
15:42
yeah so pulse is going good i don't know
15:44
if you guys have done any transactions
15:46
on the test net yet but uh you know
15:48
we've been monitoring and we see there
15:50
are people that are like starting stakes
15:52
and ending stakes and
15:54
they're doing it with their own front
15:55
end because i've never tried it yet i
15:57
don't i don't know a front end that
15:58
works for it yet so people really are
16:00
developing
16:01
their own ways to interact with it which
16:02
is awesome
16:03
because unlike hex
16:05
pulse kind of grows more on network
16:08
effect because the more projects that
16:10
use it as their base layer you know the
16:12
more people will
16:14
want to purchase it to you know create
16:15
liquidity
for
liquidity
pools things
16:17
like that
16:18
you know with hex
16:19
if nobody builds on it we don't care
16:21
that's fine it works great we don't we
16:23
don't you know we don't need people to
16:25
build layer two things there's some
16:26
people that have already built layer two
16:28
things like encapsulated stakes
16:30
hex is kind of interesting in that
16:32
the time value of money the higher the
16:34
velocity of money the more it turns over
16:36
actually the less valuable the money is
16:38
because it's easier to get somebody
16:39
else's because it's moving around so
16:40
quickly
16:42
part of the reason why hex appreciates
16:43
as much as it does is because we reduce
16:45
the velocity to zero by locking it and
16:47
staking it and so you reach this dilemma
16:50
which is if you create a layer two
16:53
system
16:54
where a giant stake is created the giant
16:56
15-year stake and then people can
16:57
purchase shares in that stake
17:00
is that virtual supply that is created
17:03
and does it therefore increase the
17:04
velocity and and then decrease the
17:07
demand
17:08
and i would have thought originally yes
17:10
and so i wouldn't wouldn't have
17:11
originally wanted to have seen people
17:13
build layer two encapsulated stakes and
17:15
then issuing shares of hex stakes on
17:17
other chains or on other networks
17:19
then i switched my my mind on it and
17:21
i'll tell you why you know the grayscale
17:23
trust is the same thing it's
17:25
encapsulated bitcoin ownership so the
17:27
grayscale trust uh
17:29
raises money through private placement
17:31
memorandums for private investors they
17:34
use that money to purchase bitcoin and
17:36
then those people that uh invested in
17:38
the private placement they don't have
17:40
any right to redemption they can't
17:41
actually turn those shares back into
17:43
bitcoin the only thing they can do
17:45
is after they wait uh six months resell
17:47
those shares on the open market otc
17:50
et cetera and historically there's been
17:52
about a 20 premium recently there's been
17:54
a discount
17:56
so
17:57
if you think about it from that
17:58
perspective the grayscale's trust just
18:00
buys bitcoin and never sells it how
18:02
could that possibly be bad for price i
18:04
mean that seems like the most beautiful
18:06
glorious thing you could ever have for
18:07
price
18:08
and from that perspective encapsulated
18:11
hex shares would be the same thing so a
18:13
uh you know a 15-year stake gets created
18:16
and people are buying shares in it
18:18
well it's going to be 15 years so you're
18:20
going to see those hacks on on the the
18:21
main chain again so i'm actually bullish
18:25
on encapsulated stakes and encapsulated
18:26
hex shares and other networks and the
18:28
code's already done for it it's open
18:30
sourced you could you could deploy it on
18:32
another chain if you wanted to go
18:33
through the work of doing it
18:34
i haven't had time you know we've also
18:36
got a wallet a hex wallet that's done i
18:38
haven't had time to release it you know
18:40
there's a lot of really cool stuff kind
18:41
of going on in the ecosystem that people
18:43
don't know about because you might not
18:45
be devs or you know you might not be biz
18:47
dev guys
18:48
uh it's just funny like and without
18:50
without any of those things with full
18:51
and total gatekeeping no proper rank and
18:54
coin gecko coin market cap uh everyone's
18:56
saying bad things you know very rarely a
18:59
kind word said
19:00
we did 10 000 x and 623 days with 100
19:03
uptime well everything around
19:05
everything else around us had problems
19:07
and failures
19:08
bitcoin has had the inflation bugs twice
19:10
one was executed they had rolled back
19:12
the chain
19:13
one uh a bitcoin cash developer caught
19:15
and a responsibility is closed before
19:17
just minting as many free bitcoins
19:19
wanted not about you guys but if you
19:20
found a bitcoin bug that allowed you to
19:22
mint as many free bitcoin as you wanted
19:24
and maybe that's a couple free to tell
19:25
devs i don't know you know
19:27
because i don't even think you're
19:29
breaking the law i mean if code is law
19:31
and the code lets you mint coins the
19:33
code let you mint coins what's the
19:34
problem
19:35
you know so
19:36
it's uh it's very interesting i don't
19:39
know what hex could do to win much
19:40
harder i guess it'll be nice we'll be
19:42
able to on-ramp users through pulse
19:43
chain with no fees i don't know if you
19:45
guys are happy with the ethereum fees or
19:47
not does anyone wish if their fees were
19:49
lower
19:49
yeah they suck and they're terrible it
19:53
we used to pay pennies to start and end
19:54
stakes or to transfer ethereum or hex
19:57
now it's fifty dollars thirty dollars
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