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HEX MEETUP IN COPENHAGEN #HEX #RichardHeart
Oct 20, 2021
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· transcript tracks the video
“liquidity” · 14 mentions
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30:19
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Transcript
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Load earlier
47:08
the logo you're tight on space get rid
47:10
of the logo
47:11
10000x 40 apy
47:14
hex.com
47:16
minimum unique benefit statement for
47:18
pulse
47:19
faster cheaper
47:22
fee burning ethereum fork that only
47:23
works for people that are already in
47:24
crypto if you're advertising people that
47:27
aren't already in crypto they're not
47:28
going to know what fork means they might
47:29
know what ethereum is so you might have
47:31
to tell them hey you missed hex maybe
47:33
pulse is an opportunity to get into the
47:36
ground floor or something else but i
47:37
don't know which one's going to i do not
47:39
know if pulse is going to outperform hex
47:41
if taxes can outperform pulse it's super
47:43
hard to predict i don't even know what
47:45
the first trading i know the first
47:46
trading price will be zero but then what
47:48
will be the next price after zero i
47:50
don't know i really have no idea what
47:51
people are going to sell for or buy for
47:53
um the market will have to show us
47:55
so it's a great question yes the best
47:57
question how can you get more people on
47:59
board
48:00
outbound messaging advertising cold
48:02
calling
48:03
emailing signs all that stuff urinal
48:07
signs anyone here you can stick a sign
48:08
as long as you get that unique benefit
48:10
statement in front of people i think
48:11
you'll have an impact
48:13
that's what i do i mean read my headline
48:14
you know it's like you go to my twitter
48:16
and it's like i raised 27 million for
48:18
charity it used to just say like the
48:19
price in there but i made so many people
48:21
angry with it i think they got immune to
48:23
it so then i rotate like rotate the
48:24
pitches every once in a while
48:26
so because because this thing has so
48:28
many good traits that you really want to
48:29
show it from every angle so that you get
48:32
everyone involved because you want to
48:34
save the environment you should be here
48:35
you want to reduce pollution you should
48:37
be here you want to make the world more
48:38
efficient you should be here you want to
48:40
remove government from currency and have
48:41
less work you should be here you want to
48:43
get rid of counterparty risk and having
48:44
a bank for your own money here you like
48:46
privacy and pseudo anonymity and being
48:47
able to do what you own you want to do
48:49
with your money without someone
48:50
eyeballing you like you know
48:52
you should be here there's so many
48:54
different reasons and angles
48:56
why people should be in hex that you you
48:58
could actually rotate through them or if
49:00
you know your audience better you could
49:01
you know pick the right ones to start
49:02
with
49:03
great question man thank you bye ads
49:09
go ahead guys
49:12
the question was as you were mentioning
49:14
some of the prices impulse very
49:15
interesting listening to the pulse
49:18
radio app
49:19
often
49:20
so you're listening to the uh the
49:22
telegram channel the voice chat but i'm
49:23
actually listening to it when they do
49:25
the when they put it on youtube i always
49:27
thought it was funny the first time that
49:28
happened i was like ah so this is all
49:30
live stream now too so it's like
49:32
there's all there's like 60 or 70 people
49:34
talking in t dot me slash paul's chain
49:36
com like all the time yeah it's also
49:38
interesting because like there's only
49:39
maybe two or three talking in hex
49:41
and so i i don't know whether people
49:43
just already understand hex so well that
49:45
there's so little to talk about you're
49:46
like you buy it the number goes up it's
49:48
fast it's fascinating and i'm learning
49:50
immense amounts and and it's basically
49:52
made
49:53
finance
49:54
crypto
49:56
super exciting
49:58
whereas
49:59
a year ago it was like well too much or
50:02
don't understand or that was like oh i'm
50:04
picking up on those little details the
50:06
rabbit hole goes deep yeah it's deep and
50:08
it's exciting yeah
50:09
and what i want to mention is they were
50:11
talking about how these
liquidity
pools
50:12
when they're copied or so forth yeah
50:15
yeah
50:16
uh they actually because of the ratio of
50:19
the
50:20
the currencies in the
liquidity
pool
50:22
let's say and he was using an example
50:23
like 100 usd to 200 hex it's giving you
50:26
a 50 cent pegs or right in that sense
50:29
right right and i'm thinking that that
50:31
is so the
liquidity
pools are actually
50:33
making the price yes
50:35
so in unit swap the price is literally
50:37
just the ratio of the two members in it
50:41
now
50:43
i'm not sure that same uh truism holds
50:47
for uniswap v3 because it has
50:49
asymmetrical
liquidity
50:53
yeah i i don't think that that same
50:55
mechanism holds for unit swap v3 it does
50:57
hold furnace swap v2 because when you
50:59
swap v3 you can add
liquidity
one-sided
51:02
and it's not going to affect the price
51:03
at all because it's out of the money
51:05
right so in unison v3 that uh math
51:08
doesn't hold anymore but in your swap v2
51:10
it does and i i think that much of the
51:12
liquidity
on pulse chain is going to be
51:14
uniswap v2 based because unit swap v3
51:17
isn't licensed for forking they
51:19
introduced a clause which gives them a
51:21
two-year window for exclusivity
51:23
and that clause you know hasn't been two
51:25
years since it's existed yet and i also
51:28
i i kind of like the way uniswab v2
51:30
works um it's it's nice you know i like
51:33
the way uniswap v1 works um
51:36
it's more gas efficient but it just has
51:38
the downside that you have to always
51:39
route through
51:41
one central pair you can't have like
51:43
erc20 to rc20 direct pairs so you have
51:45
to do like two routes
51:47
so mentioning that could you tell us why
51:49
is one inch been made illegal in the
51:51
states what's what's
51:53
it hasn't been a lot i mean i would say
51:56
it hasn't been made illegal
51:57
but uh
51:59
lawyers
52:00
sometimes
52:02
want their clients to have less problems
52:04
sometimes they want their clients to
52:05
have more problems so they can bill more
52:07
hours
52:07
but some lawyers they don't mind having
52:09
less hours but you having less problems
52:12
those are probably the better lawyers
52:14
they probably had legal counsel advise
52:16
them
52:17
that
52:19
their front end might not want to
52:21
support certain activities
52:22
so for instance if you try and use
52:24
uniswap from iran it's geoip blocked
52:27
yeah because the united states
52:29
government has an embargo against iran
52:31
that means that no american business can
52:33
do
52:35
any type of facilitation of any commerce
52:36
there
52:37
and then do you want to go to court to
52:39
explain that just hosting an
52:41
open source front end isn't the
52:42
facilitation of commerce or you just
52:44
want to kind of like
52:45
skip that right and you don't know it's
52:47
it's probabilistic you don't know
52:49
whether you're going to be the guy that
52:51
has to go fight the fight to decide
52:53
whether this should be okay or not and
52:54
so the lawyers probably just told them
52:57
don't do this don't do that and then you
52:59
may you may never have to like fight any
53:01
of these battles but a lot of people
53:04
they probably should
53:06
it would be a better world if people did
53:08
fight those battles because what you get
53:09
is called a chilling effect and when the
53:11
government can just use not even law but
53:13
the threat of law the the regulatory
53:16
committees the regulatory bodies to act
53:17
as pseudo lawmakers
53:19
then it stops everyone from like having
53:22
free speech it stops everyone from
53:23
living the way that they should be
53:25
living which is more free um but out of
53:28
fear and nobody wants to fight the fight
53:29
and yeah the people between the federal
53:31
government can be unfair it is possible
53:33
like i don't know if you heard what
53:35
happened with the silk road but the fbi
53:36
agent stole that guy's money yeah
53:38
they robbed the silk road guy they stole
53:40
his bike then they had to find a way to
53:41
make sure and they were going to leave
53:42
the country and launder it fake ids and
53:45
it was like oh wow the
53:47
sometimes the fbi agents uh you know
53:49
yeah when those guys can be corrupted
53:51
sometimes
53:52
and
53:52
in america the fbi agents are the ones
53:54
that keep the local police in check
53:56
usually
53:57
so it's
53:58
so deep
54:00
crypt crypto is like the world's most
54:02
effective honey pie because if you get
54:04
that crypto it's already like
54:06
pre-anonymized for you almost like it's
54:08
uh
54:10
that's why you see a lot of hacks i mean
54:12
i post on twitter all the time people
54:14
getting hacked left and right left and
54:15
right which is why we put security so
54:17
important hex we got two security audits
54:19
one economics audit and it took years to
54:22
get it right
54:23
and all these other guys they move fast
54:25
and break things and everybody loses all
54:26
their money
54:27
and i post all right in their thread hex
54:29
users are not affected every time yeah
54:31
that's right you guys could have been
54:33
saved i built the thing that could have
54:34
saved you but instead you want to lose
54:36
all your money hex user unaffected i hit
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