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Its interesting, so basically HEX is a tools to deposit your wealth and the longer you lock it the longer you will earn?
But im curious, where the interest funds came from?
In bitcoin inflation is paid to miners that dump their btc to pay electricity bills. In hex the inflation is paid to stakers that lock up their coins, they don't need to dump to pay for electricity. Did you know that HEX is an Ethereum token, which is proof of work? Currently yes, but then there's eth 2.0 which hopefully will make staking lower amounts viable by reducing fees. This, or the upcoming fork of Ethereum addressing this (PulseChain). |
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I'm wondering, are there any other planned or existing crypto, other than hex, with incentives to "lock" coins, thereby reducing selling pressure?
This had been the trend today of several newly created token that is created in Decentralized exchange like uniswap, pancakeswap and Defi Nominex. They wanted the holder to participate in their liquidity pool (LP) wherein they stake their token paired with USD and in return will gain stake or interest depending on how long their token is locked. Just check the coinmarketcap for the newly listed token and check their features. To name some, you can check nominex, momo protocol and many more. Interesting, thanks. The thing is, I lost several 10s of bitcoins by trading like an idiot, so I'm looking for a mechanism to prevent me from unstaking / removing liquidity, so I keep my coins during bearish times. What I'm looking for is strong incentives (such as penalties for unstaking), or a plain impossibility to retrieve coins before a certain date. I feel like hex doesn't have strong enough incentives. |
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I'm wondering, are there any other planned or existing crypto, other than hex, with incentives to "lock" coins, thereby reducing selling pressure?
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Of course, I am not a serious specialist and I will not prove my point of view, but the discussion did not force me to accept one of the sides of this dispute. One way or another, I bought HEX even earlier at a low price for a small amount and they do not burden me. Therefore, let's see what these coins can bring us in the future.
Did you stake your HEX? That would give you higher gains in a few years. |
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Right, you're describing Proof of Work vs. Proof of Stake.
Hex is not proof of stake nor proof of work. Transactions are recorded on on the Ethereum blockchain (itself currently proof of work). |
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Utility and coin market cap are different things, just look at stablecoins or Monero. They are arguably more useful than Bitcoin. Hex is designed to surpass bitcoin, using staking to limit sell pressure. It's all about game theory, not utility.
People buy crypto only to see their number go up, even when they claim it's utility/technology/revolution etc...
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ATH was broken yesterday and 10 cents will be reached soon.
Confirmed. |
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There will only be 818,913 more bitcoin mined before the next halvening event. That is only $3 billion worth of bitcoin. Let bears enjoy a few extra percentage points. Worrying about catching the exact bottom is like trying to pick up a penny in front of a steamroller. https://twitter.com/alecziupsnys/status/1099746204433506304?s=21Well nobody new is buying at the moment, let alone $3B of new money. Down we go. Your opinion has been carefully noted. Thanks for participating. We will call you next year if you are right. In the meantime maybe learn something about resistances and supports. P.S.: A little hint to enlighten you: I'm constantly monitoring the price of BTC, but we struggle to stay at $4,000 level.
Any chance for the 2nd pump?
What price will we land next?
Either 3.7 or 4.2 probably. Sideways in the meantime. How's your long doing? |
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There will only be 818,913 more bitcoin mined before the next halvening event. That is only $3 billion worth of bitcoin. Let bears enjoy a few extra percentage points. Worrying about catching the exact bottom is like trying to pick up a penny in front of a steamroller. https://twitter.com/alecziupsnys/status/1099746204433506304?s=21Well nobody new is buying at the moment, let alone $3B of new money. Down we go. |
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Swear to God (yes I am a Christian) this is the Wall Observer thread and needs more moderation. If you want to talk about Nazis, holocaust speculation, silver or gold bugs, people of different faiths like Jews and Muslims or tin foil hat controversies there are other forums that will welcome you. I don't post much here anymore because 1) I am busy day trading and 2) over about half the posts here seem to have nothing to do with Bitcoin. It is becoming a bit of a joke and a cesspool frankly. Just a thought.
You must be new here |
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We have a couple of weeks of dead cat bounce before the final capitulation  |
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The question is now when to buy back... We could approach 2k with enough fud. My orders will be spread between 2k and 6k. Oh yeah, and Bitcoin is doomed, it's a pyramid scheme and a scam  . |
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