I wandered on the wrong feed again. Saw Richard Heart shittalk Do Kwon.
Lol Richard you made a revolving ponzi-scheme then survived by having people manually throw away the inflation by locking it all in the same account, willingly!
The sacrifice is total bullshit.
Lol Richard you made a revolving ponzi-scheme then survived by having people manually throw away the inflation by locking it all in the same account, willingly!
The sacrifice is total bullshit.
https://twitter.com/RichardHeartWin/status/1525244058725232640
How much would the price of HEX drop if that sacrifice contract was opened up? Exactly, that's where the Anchor type ponzi-inflation went.
Meanwhile, there's absolutely no reason to sacrifice anything, as pulse is *literally* just an Ethereum clone. Says so right on the github:
Meanwhile, there's absolutely no reason to sacrifice anything, as pulse is *literally* just an Ethereum clone. Says so right on the github:
So a "better" Ethereum is literally just Ethereum cloned. Even without the PoS staking advantage now.
Not to mention that the math of HEX still doesn't work out and it just lies on the front page. Pulse won't be special in any way.
Oh, and before you say "audited"...
Not to mention that the math of HEX still doesn't work out and it just lies on the front page. Pulse won't be special in any way.
Oh, and before you say "audited"...
hex.com/docs/HEX%20Eco…
This is NOT an economics audit!!!
"CoinFabrik was asked to audit the contracts for the HEX project. In particular, we were asked to verify that longer stakes pay better than shorter re-compounding stakes."
That's ALL that the ENTIRE document discusses!
This is NOT an economics audit!!!
"CoinFabrik was asked to audit the contracts for the HEX project. In particular, we were asked to verify that longer stakes pay better than shorter re-compounding stakes."
That's ALL that the ENTIRE document discusses!
OFCOURSE LONGER COMPOUNDING STAKES PAY MORE THAN SHORTER ONES!
The longer you leave your money in the more it compounds. I can tell you that right now!
WHAT ABOUT INFLOWS! *WHERE* are the new dollars coming from to pay for 40% APY?!?! HOW is inflation kept under control!?
The longer you leave your money in the more it compounds. I can tell you that right now!
WHAT ABOUT INFLOWS! *WHERE* are the new dollars coming from to pay for 40% APY?!?! HOW is inflation kept under control!?
I'll tell you how: It's not.
Hell the audit only mentions the word inflation inside of formulas, in relation to the staking strategy. Doesn't describe one bit how it affects the ecosystem, where it goes, or how people aren't devalued.
Hint: They are being devalued.
Hell the audit only mentions the word inflation inside of formulas, in relation to the staking strategy. Doesn't describe one bit how it affects the ecosystem, where it goes, or how people aren't devalued.
Hint: They are being devalued.
And #HEX is yet another $22 BILLION market cap failure waiting to happen. Not as big as #LUNA but close.
Hell, just look at the fully diluted market cap VS current one to see the problem. That's alot of inflation that can't EVER be touched.
cc @Bitfinexed @DoombergT @CasPiancey
Hell, just look at the fully diluted market cap VS current one to see the problem. That's alot of inflation that can't EVER be touched.
cc @Bitfinexed @DoombergT @CasPiancey
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