Cryptocurrency 101 HEX FAQ: Scam | Pyramid | Richard Heart | HEX Crypto
Nov 10, 2022
Cryptocurrency 101 HEX FAQs With Richard Heart Talking About Pyramid, Ponzi, Scams, PulseChain and More!
HEX CRYPTO HOODIES ARE IN: https://www.etsy.com/listing/1297063291/hex-crypto-zip-up-hooded-sweatshirt-xs-s
Learn More About HEX Here: https://hex.com/
Learn More About @Richard Heart Here: http://richardheart.com/
๐ง HEX Cryptocurrency Topics Covered In This Video:
HEX VS Pyramid Schemes
HEX VS Ponzi Schemes
HEX VS Bubbles
HEX VS Crypto Scams
HEX Dips VS Insane Gains
HEX Price Pointed At $1 Million USD / Coin
Market Cap Is A Vanity Metric
Rug Pull VS Magic Carpet Ride
SEC FUD
FUD Causing People TO Miss Out On Insane ROI
Send Them To HEX.com/scam
CoinMarketCrap / Binance / Middlemen
@BitBoy Crypto Selling His Free HEX
HEX "Too Good To Be True" Fallacy
๐ง What is HEX's long term goal?
Replace gold as a store of value (7.7 Trillion USD). Replace credit card companies and payment companies like PayPal (around $770 billion in Visa, MasterCard, and PayPal alone) Replace legacy certificates for deposit ($571 Billion in the USA alone on just those under $100,000) Replace middlemen with trustless interest.
๐ง Where does HEX get its value?
Through progress in replacing Gold as a store of value, Mastercard, Visa and Paypal as payment networks, and CD's as time deposits. The market has decided that crypto currencies are worth hundreds of billions of dollars over many years of price discovery.
๐ง Is this a scam?
No. The project is founded by respected members of the community. It is open source. The base ERC-20 contracts have been audited, the modified ERC-20 contracts will be audited. You run the code yourself. It is fairly launched, and free to claim for Bitcoin holders. You might need to pay pennies to the ETH network to pay to run your claim and attach it to the blockchain. Someone else might pay that fee for you as well.
๐ง Is this a Ponzi?
No. Ponzis make promises they can't keep and collapse. In HEX you pay yourself your own rewards.
๐ง Is this a pyramid scheme?
No. There's not even a referral program.
๐ง Is this an ICO?
No.
๐ง Is this a security?
No. There is no money paid to a common pool with the expectation of profit from the work of others.
๐ง Why didn't you do this on XYZ other blockchain?
Because the chain we chose has the best auditors available, the best bug bounty program, the best development ecosystem, the longest track record, the highest market cap, the most developers of any suitable system.
๐ง Greater fools?
When you accept a dollar for payment, you hope that when you go to spend it, it's accepted. It's likely it will be. You might not understand why cryptocurrency prices go up so much year after year, it's ok, the market doesn't need you to understand. The market has decided crypto currencies are worth billions of dollars through years of price discovery.
Who is Richard Heart?
Richard Schueler (born October 9, 1979) better known as Richard Heart is a serial entrepreneur, author, YouTuber, and philanthropist. He is the founder of Hex, the worldโs first high-interest blockchain certificate of deposit and PulseChain network. Heart is best known for raising over $27 million for medical research via the PulseChain network.
Richard Heart has gained recognition for offering his expert advice to his viewers, helping them from falling for scams, especially in the crypto industry. He is the author of SciVive, a personal development book. Heart is also a renowned keynote speaker and is often seen on various talk shows, podcasts, and video interviews sharing his expertise on the topics of cryptocurrency, entrepreneurship, marketing, and finance.
Richard has been featured in several media outlets including CNBC, Forbes, Business Insider, Kitco, Economic Times, CoinTelegraph, and others.
Heart started his career at a very young age when he established an at-home car stereo business. The early entrepreneurial kick start allowed Heart to explore more business options, which resulted in him starting a shopping cart platform, and air conditioner business to name a few. For a brief period, he also did a job as a newspaper salesman, which was a learning experience for him.
After retiring, Heart came across #Bitcoin via Reddit, which motivated him to share his expertise resulting in the foundation of #Hex, the first blockchain certificate of deposit. Since its inception, Hex has gained recognition for monetizing the time value of money in a unique way that is customer-centric and eradicates the necessity of a middle party.
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