HEX Rekt (Ethereum Next)

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I love this. I don't feel bad for the Hexicans, they can pound sand . I hope Richard still has that big dumb diamond lol.

Imagine compareing HEX with Ethereum…

"I'm sure they're all great people in real life" LOL!

Mathew, you are one of the few sources on Youtube I turn to for a dose of reality. But I feel like your Ethereum stance is a little biased. I do agree that there is alot of centralization now that it is PoS which is always worrisome BUT Ethereum is really innovative in that it allows for smart contracts, the applications of which are plenty (Compound, Uniswap, digital assets, etc as tools not coins). It is like an operating system for the blockchain world. That cannot be underplayed. We are almost all using centralized/closed source operating systems right now (MacOS, Windows) to watch Youtube and conduct business. And in a world where I can be paid in bitcoin or use bitcoin to buy a coffee (without 3rd party card processors), we would be living in a world where smart contract driven applications are ubiquitous. Would love to hear your opinion on this take? Thanks

What opinion do you have about the tokenisation of real physical assets? Is there any legit uses or is it another scam?

I got rekt. Can check my previous comments on this channel. Always been honest about Hex. I’m finally underwater. Bought at about 1 cent. So seeing it go from 1 cent to 50 cents, back to 1 cent, I kinda just shrugged my shoulders. Shoulda sold the top, always obvious in hindsight. But about 1 grand in and told myself when and if I can cash out 100k, I’m going to do it, but wasn’t going to sell below that. So I missed my chance. I viewed it more like a lottery ticket than an investment. But I never felt “scammed.” There was nothing to be promised. It was a smart contract, simple. If people sold and stopped buying, price would tank. But I don’t feel misled or conned. I can not say the same with places like BlockFi where even though everyone knew better, they did indeed misrepresent themselves and their sustainability and entire business model was cloaked in scamminess. Hex was just a smart contract ERC20 that now
How’s become unpopular. It’s staking feature became infeasible as fees on ETH went up. So it didn’t work out. Most of HEX was free to claim for a year, all you had to do was provide a Bitcoin address. Yes, there was scamminess in that you could exchange eth directly for hex, that’s where Richard made most of his money. But the project also was never rugged pulled. It just had a massive crash steadily over the past 2 years. But again, to me, this actually seemed like one of the more open projects out there that was pretty straightforward in what it was doing and how it was doing it. And I believe RH was right in that he employed a lot of tactics often used in scams like say referal codes and rewards but it was an attempt to increase distribution, and the reward wasn’t anything insane, seemed reasonable. Pretty much the whole concept and development of hex was live-streamed. But yes I soured on RH when he began his spending and flaunting his wealth, and the twerking. But again, did I ever feel like “hey, you lied to me!!! I want my money back!” No, not at all.

I don't think anyone should listen to this stupid fuck. Clearly uneducated. You guys realize HEX is all on-chain data. You can just look at the shit yourselves and see how wrong they are. But sure… let these retards that told you FTX, BitFinex, 3Arrows, Celcius, Luna, and much more were the real deal…. I'm amazed at the stupidity of people in this space. Especially when the information is all there, but you bitches are too lazy to do research so you just lie and spread rumors instead. Too stupid to even know this is a CIVIL suit from the SEC…. fucking stupid asses. No one should listen to this clown. Clearly inept and simple jack as fuck.

Lol. Btc down 60%. Is it rekt?

Allegations are not necessarily true!
Where does yield come from with HEX stakes?
HEX burned by self executing contract due to your interaction with contract when staked – then when you unstake at the time you chose when you staked, the contract mints your HEX plus yield
ie true DeFi- no 3rd party or middle-men
HEX is an immutable smart contract with NO backdoor or administrative key deployed on ethereum blockchain. Yield in HEX not $s variable per code & derived from fixed 3.69% inflation coded in contract, but paid ONLY to stakers at the end of their stake. If 100% total HEX staked APY 3.69%. If 1% total HEX staked then APY 369%. So for 10% total HEX staked for ave stake length at present of 7 yrs APY calculated daily is 36.9%. Yield 20% higher for each yr staked. Also higher yield proportional to higher amount staked plus bonus for higher amounts. So, 15 yr stake at present may yield 60+% per yr. 1 yr stakes may yield at present 10+% per yr. At endstake the contract calculates your daily yield & adds it up. ETH gas very expensive since Ethereum blockchain changed to calculate higher gas fees for greater amounts of computer time used in calculations. HEX was forked to new Pulsechain when it launched in May 2023 so that HEX on Pulsechain would have much lower gas fees. Math is coded in contract. Math audits verified description of code & yields. Penalties for early ending of stake term you chose severe & distributed to stakers.

Can't say I always agree with you but I know you are authentic and mean what you say which I respect the hell out of. Thanks for all you do.

I can’t believe people just fell onto the HEX scam since beginning. It was so obvious , but yea there was a lot of moonboys that felt happy to buy a diamond to that scammer 😅

7:06 You're sure Ghislaine Maxwell is a great person in real life? WTF is wrong with you?

Is Richard Heart that bad ? He's maybe wrong on Bitcoin, but that's maybe because they got personal on him, he just dislikes convention – he is the outsider. I was given a lot of free money from Richard simply for holding Bitcoin – what's so bad about that ? No risk whatsoever. Compared to va4xxeee3ns how much damage is Richard doing – nothing at all. So why not complain about those. Nobody has to put money into HEX or PulseX if they don't want to, its a purely personal choice, so what's it got to do with SEC ? I for one received a lot of money from Richard Heart – and I bought Bitcoin with that. You've painted him out more bad than he really is. Look at these purchases, how can they be ATTRIBUTED to investor money ? This guy is super-rich, he could buy that stuff any day of the week. He doesn't even need to do this Crypto stuff at all, he could retire comfortably. I believe he does want to help people make money and make a better life. So why did he do a whole video on installing a bidet in his mom's bathroom ? Scammy people don't do stuff like that – that's down to earth. Richard yes does have some grey areas I agree, but you're not giving a balanced viewpoint. He actually even responded to me once on a comments section, and I was disputing him on something – he wasn't rude at all, and he even offered me advice – we agreed to differ. How many billionaires would even bother to do that ?

Harry Yeh (FTM, Tomb, Tomb Chain) probably belongs in the same jail cell as the others.

Hart is one of the scammyest person in Crypto,always self braging,and yet scammiing people right and left.Hopefully He gets what he deserves.

I believe that their is legislation proposed recently that crypto should be considered differently than ordinary securities, perhaps because it can be used as a medium of exchange … I forget. InvestAnswers was talking about it, and that could be a game changer in terms of allowing it all to survive. And didn't a federal judge just slap the SEC for overstepping it's function, by ruling that some token the SEC was suing was not a security? Bottom line, the Howey Test may be irrelevant soon.

Ethereum is next? Lol, read the room buddy. JP Morgan Chase owns the Ethereum Network, and they own Vitalik. If Ethereum is a revenue stream for central banks, it’s going to be protected from any enforcement. Bitcoin just can’t be stopped, but with BlackRock entering Bitcoin, they have the power to move the asset back and forth and shake out any paper hand that’s left. But Ethereum is not going away, and its money will not flow into Bitcoin either. Sooner or later Bitcoin maximalists are going to realize that Bitcoin is not the be all end all even with the lightning network.

SBF has a get-out-of-jail-free card. The DNC cannot afford to let future donors of hundreds of millions feel as if they will not be protected.

You are so misled its hillarious…..its not a security. Something being a "security is a nonsense human set of rules for oranges in the 1930s, where crypto is cryptography…..are you a IT nerd or a lawyer? lol RH warned everyone of his followers about SBF and Alex Do Kwon etc and everyone else lol go ask anyone in the community instead of this slander

Why do you want people to go to prison

I'm a hexican, you all can be hexicants if you want. Me and Dick Heart are rolling in Lambos and wearing Louis V

I love and hate being right.