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Author Topic: [ANN] Bitcoin HEX [by Richard Heart] unofficial  (Read 5121 times)
proo7
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June 23, 2018, 04:54:38 PM
Last edit: July 23, 2018, 04:38:31 PM by proo7
 #1

BITCOIN HEX



Normal Bitcoin forks have a few problems
Weak security: Double spends
If the fork uses the same proof of work, or mining hardware, it's trivial for miners from the larger original project to attack it. Medium

BitcoinHEX uses the well tested ERC20 standard to avoid any of these problems.

Weak progress: Fewer developers
In theory, a larger community of developers will try more cool things and get more done than a smaller community.
BitcoinHEX by being an ERC20 token gets full advantage of the largest pool of developers in crypto (Ethereum developers), and all of the cool new inventions they create, such as distributed exchanges, atomic swaps, etc

Poor incentive alignment: Free riders
You and your team work hard to make something new and cool, to have a whale wake up one day and flash crash the market on you. Why? Free loaders suck.
BitcoinHEX "We're all Satoshi" feature which gives all unclaimed coins to people that did claim at 2% a week over 50 weeks means that in less than a year, only truly interested parties will hold the token.

Unfair distribution
Should the guy that lives in china with free electricity and nearly free labor available get the majority of all the newly minted coins (inflation)? While increasing centralization, and not caring to negotiate with the writers of the software they run (core developers.)

BitcoinHEX is fairly distributed to those that promote it through:
the 5% referral
hold it, through staking,
or help get the project to critical mass and adoption (bonuses for claims and claim size.)

The rich getting richer unfairly
Exchanges and funds reward themselves while giving nothing to the little guys whose Bitcoin they're supposed to be in custody of. Exchanges are the opposite of what Bitcoin was made for. Peer to peer currency. Not peer to exchange to peer currency. They're big security holes that have l ost millions of dollars of customer funds.

Whales claiming BitcoinHEX are penalized 50-75% because who really needs some giant exchange or fund claiming a large portion of your token to dump on you at their leisure? Penalty triggers from 1k-10k+ coins.

Inflation for security
Whereas Bitcoin has inflated its supply by 17 million coins over its existence by paying miners to mine (block rewards.) BitcoinHEX doesn't need inflation for security. Enough people are mining Ethereum for all kinds of reasons that we don’t have to pay them BitcoinHEX to do so.

Demonization of the original
Some forks like to pretend they're the real thing, and not just a copy. They do this by having a very similar name, logo, and even buy twitter handles and websites that used to promote the real thing, to promote the copy. In the real world a copy does best when it sets itself apart with better features, pricing, or marketing. If your business model includes pretending to be something you're not, it's a bad business model.

BitcoinHEX is not Satoshi's vision, it's also not Bitcoin. It's Bitcoin forked into Ethereum. That has advantages normal Bitcoin forks do not. It is fun to tease other forks when satoshisvision.com points to BitcoinHEX.com though Smiley They earned that teasing.

Why BitcoinHEX is great
Low inflation
All the cool game theory that accelerates adoption of the project terminates in less than 1 year. Then the only inflation in the project comes from people that've taken coins out of circulation by staking. When the only inflation you have is from rewards to people that have trustlessly and securely locked up their tokens for a long period of time, that's great for value.
No paying miners for security with block rewards
Distribution to those most likely to have been in crypto the longest
Easy for exchanges to integrate due to familiarity and trust of ERC20 standard.
Works with distributed exchanges easily
Works with atomic swaps easily
Most devs in the crypto (Ethereum)
Easy claim tool, claims all UTXOs in an address at once
Great marketing. Hi there Smiley
Low fees. A bitcoinHEX transaction would only cost about 27 cents or less on 5/24/2018
Scaling solutions on the horizon. Vitalik Buterin has been publishing work on proof of stake and sharding which could reduce waste and increase transaction capacity greatly.
Great practice, especially if you've never experienced the largest crypto ecosystem and 2nd largest by marketcap.
Promotes free speech. You can transmit your commercial and economic energy that used to only exist in the Bitcoin language, in the Ethereum language. Widens your range of people you can trade with, speak tokens to.

Tokenomics
Instant Referral Bonus
People you refer get paid in full, and you get a 5% referral bonus.

Adoption bonuses to stakers (terminate on 50th week, because all claims will be complete)
We're all Satoshi (weekly)
Every 7 days a bonus equal to 2% of unclaimed funds is distributed to people that did claim. Bonus capped at 100% of unclaimed tokens. For instance, if Satoshi doesn't claim, people who did will get a bonus equal to his coins over time, but not more.
Speed Bonus (paid to claimant on claim)

Claimable: Balance plus [math below]
1st week 10%<
2nd week (10% x (.95 to the power of [week number])
SpeedBonuss
Viral Bonus (weekly)
The more people that claim, the larger the bonuses
Total bonus upmod
(Claim % of 1/3 total possible claim events)/10
Critical Mass Bonus (weekly)
The larger the claims the larger the bonuses.
Total bonus upmod
(Claim % of total possible coins)/10
Thanks for the bonuses
Origin contract gets the same bonus you do.

Adoption bonuses to stakers (terminate on 50th week, because all claims will be complete)
Silly whales
Individual claims 1k to 10k+ btc penalized 50 to 75% linearly scaled before bonuses.
Goxmenot
Gox trustee addresses can't claim

Normal Staking (Not considered a bonus and doesn't terminate at 50 weeks)
1% per 10 days. Longer lockup= incentive multiplier Example Time bonus: 360 day lockup = 129.6% (because 3.6 times 36%= 129.6%)
Time divider
As % of avail tokens is locked up, reduces bonus multiplier. If 50% locked up at start, then multiplier reduced 50% Early birds get the worms.

Claiming
A snapshot of the Bitcoin UTXO will be taken at block height (to be announced after contract is audited). The UTXO set will be flattened for gas efficiency, and the Merkle tree root of that set will be embedded in an ERC20 token contract to allow Bitcoin holders to redeem their tokens.
If you hold Bitcoin at the snapshot block. You can use this the BitcoinHEX.com open source claim tool to claim your tokens.


website
https://bitcoinhex.com/

discord:
https://discordapp.com/invite/gvyFnKu

telegram
https://t.me/Strape

twitter
https://twitter.com/RichardHeartWin


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June 23, 2018, 06:44:52 PM
 #2

Caught my interest once I heard about it. the concept is not super new but still, there is a big public crypto figure behind it might just simply pump!.
proo7
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June 23, 2018, 09:31:41 PM
 #3

Caught my interest once I heard about it. the concept is not super new but still, there is a big public crypto figure behind it might just simply pump!.

Exactly.

This token will be better then most of so called coins we see here everyday
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June 24, 2018, 05:21:58 PM
 #4

Res
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🔰FERRUM NETWORK🔰


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June 24, 2018, 07:20:42 PM
 #5

A large number of foreco forks have already been created. You build bitcoin based on the etherium. I think that this is not a revolution, the technology is already outdated.


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Ferrum Network • Interoperability Network for Financial Applications
proo7
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June 26, 2018, 10:15:27 AM
 #6

Hello, great news for you. Your ICO https://icoholder.com/en/bitcoin-hex-22701 was listed in the largest listing -  icoholder.com 🔥. Congratulations!

At the moment your project is unrated (N/A).

Bitcoin HEX is NOT ICO...
and NOT selling any coins !

Thank you  Grin
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July 23, 2018, 04:41:42 PM
 #7

Watch videos and news on Youtuibe channel also

You will find interesting things there Smiley

https://www.youtube.com/channel/UCta3TYFhzfpPvOtKBDifYJA/videos



website
https://bitcoinhex.com/

discord:
https://discordapp.com/invite/gvyFnKu

telegram
https://t.me/Strape

twitter
https://twitter.com/RichardHeartWin
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July 23, 2018, 04:53:44 PM
 #8

A large number of foreco forks have already been created. You build bitcoin based on the etherium. I think that this is not a revolution, the technology is already outdated.
I guess the Bitcoin HEX yet outdated and they too can still develop their idea and can make investors impressed with the aim that you create
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November 28, 2018, 10:53:29 AM
 #9

Hi all. This seems very similar to Proof of Weak Hands  POWH3d, don't you think?
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Borderless Mobile Finance Marketplace


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November 28, 2018, 11:03:40 AM
 #10

I still don't understand Bitcoin Hex, is this the result of hardfork again from bitcoin? or Bitcoin Cash?
moreover I see Richard has many followers, this could be a good coin

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November 28, 2018, 11:22:43 AM
 #11

I still don't understand Bitcoin Hex, is this the result of hardfork again from bitcoin? or Bitcoin Cash?
moreover I see Richard has many followers, this could be a good coin
Bitcoin Hex is an ERC20 token that is given to Bitcoin holders and is done from a snapshot in the block they have planned. If you hold a Bitcoin when a snapshot occurs, then you can claim it to get Bitcoin Hex.
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November 28, 2018, 05:29:36 PM
 #12

You write. "BitcoinHEX uses the well-tested ERC20 standard to avoid any of these problems." But, ERC20 is a protocol of ethereum. In addition, this protocol is outdated. Already in many projects use ERC223, which compares favorably. It has more secure transactions, better speed, convenience and security.
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April 18, 2019, 02:21:37 PM
 #13

Bitcoin Hex seems like a why not type of thing. I havent been this interested in a coin since Tezos.

Check out this article for more info
https://link.medium.com/t51TuFSmZV
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April 27, 2019, 08:02:11 PM
 #14

Hello, great news for you. Your ICO https://icoholder.com/en/bitcoin-hex-22701 was listed in the largest listing -  icoholder.com 🔥. Congratulations!

At the moment your project is unrated (N/A).

Bitcoin HEX is NOT ICO...
and NOT selling any coins !

Thank you  Grin
Update: yes it is...

“I refuse to join any club that would have me as a member” G. Marx
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December 01, 2019, 07:22:59 PM
Last edit: December 07, 2019, 05:00:19 PM by meercat72
 #15

-edit
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December 03, 2019, 05:34:41 AM
Last edit: January 08, 2021, 10:56:08 PM by togoshigekata
 #16


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December 05, 2019, 06:42:39 AM
 #17

4 million raised in first two days.. not bad  Shocked
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December 05, 2019, 10:58:26 PM
Last edit: January 17, 2021, 12:15:43 AM by togoshigekata
 #18

WEBSITE | EXCHANGE | STAKE | WHITE PAPER

TELEGRAM | TWITTER | REDDIT


HOW TO BUY HEX



Designed and launched by Richard Heart on 2 December 2019, HEX describes itself as a Certificate of Deposit on the blockchain.

HEX is designed to be a store of value to replace the Certificate of Deposit as the blockchain counterpart of that financial product used in traditional financial markets. HEX is also designed to leverage off the emerging DeFi (Decentralised Finance) ecosystem in cryptocurrencies within the Ethereum network.

HEX allows a user to stake his or her HEX coins for a share of the new HEX coin issuance, or inflation and contains features designed to incentivize behaviors that encourage price appreciation and disincentivize behaviors that encourage harm to the price. The HEX smart contract penalizes stakers for ending their stake early and rewards them for staking larger amounts of HEX for longer periods.

Intro Video  |  Learning Videos  |  Bitcoin vs HEX  |  FAQ  |  Disclaimer  |  Newsletter





Accomplishments:

- Over $4.5 Billion dollars of Bitcoin (254k BTC) claimed their free HEX

- Over $500 million dollars of Ethereum (1+ million ETH) transformed into HEX

- Over 12% of HEX tokens have staked, for an average length of 4.5 years



1. Install Web Browser Wallet:

https://metamask.io/ --- [Tutorial]





2a. Buy HEX:

Credit Card (No USA)
https://hexican.store/



2b. Trade BTC for HEX:

BTC into renBTC
https://bridge.renproject.io/

renBTC into HEX
https://1inch.exchange/#/renBTC/HEX



2c. Buy ETH (Ethereum):

Metamask Wyre (Credit Card)
https://www.youtube.com/watch?v=2aDfm3em86s

Exchanges
https://ethereum.org/en/get-eth/#country-picker





3. Trade ETH for HEX:

https://ethHEX.com/

https://uniswap.exchange/swap/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39



Limit Orders:
https://1inch.exchange/#/limit-order/ETH/HEX
https://unitrade.app/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39
https://pine.finance/order/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39

Trading
https://hex.com/trading/



4. Stake HEX:

https://go.hex.com/stake/

(Gain interest by staking your coins! Can stake for up to 15 years)





5. Install Staker Mobile App:

https://staker.app/

Android: https://play.google.com/store/apps/details?id=app.staker.seabattle

iPhone: https://apps.apple.com/us/app/stakerapp/id1534593413

(Keep track of your stakes, their worth, accrued interest and watch community live feed)





Richard Heart:

Twitter
https://twitter.com/RichardHeartWin

Youtube Videos and Interviews
https://www.youtube.com/channel/UCbiAwfGwur3yp1RvUyBLDTA
https://www.youtube.com/channel/UCta3TYFhzfpPvOtKBDifYJA/videos



Community Resources:

Statistics
https://hex.vision/
https://graphex.rocks/
https://hexinfo.io/
https://hex.live/

Contract in Laymans Terms
https://docs.google.com/document/d/1P0ZDaBQx4ghkdX5IUwZb1n8ThvYf7i22MSt9Gm00JRU/edit

How to use HEX Contract on Etherscan if Main Website goes Offline
https://docs.google.com/document/d/1yJ-snX5JZUZrCVgloPDxuPa5SATgYO3hPR1ZsSkseUs/edit



Social:

Telegram  - https://t.me/HEXcrypto
Twitter     - https://twitter.com/HEXcrypto
Reddit      - https://reddit.com/r/HEXcrypto/

   



Explorers:




Code Audits:

Security

https://hex.com/docs/HEX-Security-Audit-by-CoinFabrik-DEC2019.pdf

Economics

https://hex.com/docs/HEX%20Economics%20Audit%20by%20CoinFabrik.pdf



Logo:

https://hex.com/downloads



More Articles:

DeFi’s Cream of the Crop Blazes Ahead
https://medium.com/@tldrtaylor/defis-cream-of-the-crop-blazes-ahead-with-2-000-tps-at-0-01-tx-privacy-100-uptime-audits-e3a0708b498a

Forbes India - Richard Heart and the Influence of Bitcoin on the Hex Blueprint
https://www.forbesindia.com/article/brand-connect/richard-heart-and-the-influence-of-bitcoin-on-the-hex-blueprint/62095/1

Update: They’re Back. Ethereum Genesis Wallet of 400,000+ ETH is Buying More HEX (& Staking It)
https://medium.com/@tldrtaylor/update-theyre-back-60a31f3ed385

How to Boost Cash Flow Today & Retirement Savings Tomorrow with HEX: The First High Interest Rate CD
https://medium.com/datadriveninvestor/how-to-boost-cash-flow-today-retirement-savings-tomorrow-with-hex-the-first-high-interest-rate-b263b31516ba

Uniswap Eclipsed: $1.5+ BILLION HEX Paid to Stakers November 19th 2020
https://tldrtaylor.medium.com/uniswap-eclipsed-1-5-billion-hex-paid-to-stakers-november-19th-1d202ca938d3

The Best Crypto Ever Devised
https://hackernoon.com/the-best-crypto-ever-devised-sl513xyl



More Videos:

Why is HEX one of the fastest appreciating assets on Earth?
https://www.youtube.com/watch?list=PLN0RF11rNdP1tdi-3Nbgm6knUQ1Jtoe02&v=nwlQIUvdjQU

HEXification of DeFi (Ivan on Tech)
https://www.reddit.com/r/HEXcrypto/comments/i8d5ae/hexification_of_defi_ivan_on_tech/

Why is HEX outperforming nearly all other assets? Speculative stickiness and secret sauce.
https://www.youtube.com/watch?v=qFdVVCw1AW0

Andreas Antonopoulos and Richard Heart
https://www.youtube.com/watch?v=9WxQc-Z7bto

The SECRET to Earning the Highest ROI in HEX
https://www.youtube.com/watch?v=rI_Df45cMuQ

My Favorite HEX Interview
https://www.youtube.com/watch?v=qPdXZRsBP8M


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December 10, 2019, 01:24:32 AM
 #19

Too much supply imho. 500 million per day for a year..... too much.
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December 10, 2019, 12:22:56 PM
Merited by o_e_l_e_o (1)
 #20

Too much supply imho. 500 million per day for a year..... too much.

yes, roughly 190 Billion- a large number to be sure, but not the most pressing question, which is: What can be done with it other than holding just being another erc20 that is sitting on ETH blockchain?

The arguments Richard makes are perfect equivocation:

(A) Either he is a scammer and will giggle his ass off once he bagged ump-teen thousand ETH and just fades away with a modest 'Thanks, you Morons', or

(B) he has some really cool plans to make this into a really useful thing with all the properties and activities other than just being an erc20 require.

Now, this guy is so good at presenting this stuff, that it is simply not possible to determine one way or other, while of course conjecture is easy: (A) is the most likely case.

Now what about (B)?

Are there any pointers/ links/ plans etc. as to PHASE2???

Can anyone involved with the project provide any such here?

The Telegram channel is totally useless, because there is way too much noise because of too much traffic conveniently drowning out most useful discourse.

Otherwise this looks like being run by a bunch of Underpants Gnomes ...

https://www.youtube.com/watch?v=3zc4bGkU05o
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