Summary BitcoinHEX. Sign statement: (Claim_BitcoinHEX_to_[your BHX address]) from Bitcoin wallet containing BTC. All unclaimed coins distributed to staked claimants over 50 weeks. (GET SATOSHI'S COINS if he doesn't claim.) You're missing 2% more of your stack every week you delay claiming, till none left at 50 weeks. Rewards holders instead of miners. Bonuses: 5% refer, 10% early claim falling to 0 at week 50. Up to 20% adoption bonuses, VIRALITY: the more people that claim, and CRITICAL MASS: the more coins claimed. Only referral and speed bonuses are paid to non-stakers. Longer stakes get .55% extra shares per 10 days longer stake commit.(20% per year.) So a 5 year longer stake gets paid 2x what a 1 year stake would. If only 1% of coins stake, then they're getting 369% ROI a year. Trustless 3.69% interest pool paid to stakers instead of miners. Emergency (early) unstake pays a 1/2 committed stake length penalty, half of which goes to loyal stakers pool, minimum 9 periods. SILLY WHALE PENALTY of 50%-75% from 1k to 10k+ coins. (avoidable by splitting up before snapshot.) GoxMeNot: Mt. Gox and a few other undesirables excluded from claiming. Only addresses starting with 1 or bc1 can claim.
YouTube video:
https://www.youtube.com/watch?v=9d0iz0qxQ3k&t=80| Comparison | BitcoinHEX | Bitcoin |
| Issuance | Claim, Stake | Mine |
| 2x-30x coins by being early | Y | N |
| Rewards holders | Y | N |
| Rewards miners | N | Y |
| Pays high interest | Y | N |
| Easy to earn | Y | N |
| Referrals | Y | N |
| Inflation | 3.69% | 4.16% |
| More secure | Y | N |
| Price | Free | ~$3.3k |
| Higher Transactions per sec | Y | N |
| Lower Fees | Y | N |
| More energy efficient | Y | N |
| Missed the boat | N | Y |
| Too many whales | N | Y |
| Units too large | N | Y |
| Hard fork drama | N | Y |
| Can go up 1000x | Y | N |
| Bonuses | Claim phase (50 weeks) |
| Referral | Earn 5% on anyone that claims using your link. |
| Speed | Earn 10% bonus if you claim first week. Every week you wait, bonus Reduces by .2% |
| SillyWhalePenalty | 1k-10k+ claims pay reduced by 50-75% |
| GoxMeNot | Mt.gox and a few large parties are not allowed to claim. |
| Bonuses | For stakers 1st 50 weeks |
| We're all Satoshi | 2% Unclaimed coins paid to stakers weekly (Claim first week or lose 2% per week) |
| Critical mass | Increases stakers pay 10% x claimed coins/max claimable coins |
| Virality | Increases stakers pay 10% x claim events/max claim events |
| Bonuses | Ongoing |
| Staking | If 1% of coins stake, they make 369% APR interest. If 10% then 36.9% APR. |
| If 20% then 18.45% APR. |
| The less stakers the less the pool gets divided. More stakers, less circulating supply. |
| LoyalStaker | 1/2 Emergency End Stake penalties paid to pool. (1/2 periods committed, minimum 9) |
| LongerPaysBetter | The longer you stake, the more you make. .55% per 10 days (20% a year) So 5 year gets 2x shares that 1 period would. |
| Compounding | The interest pool is compounded every period, maximizing your gains. |
Example claim:You claim 1 Bitcoin worth of BHX during the first week. You receive 1,000,000 BHX plus 100,000 early claim bonus. The person that referred you gets 55,000. You stake for 36 periods (360 days.) This gives you 19.25% extra shares .55% extra per period longer stake committed. If only 1% of coins are staked, you get 369% APR plus the extra shares may put you over shorter stakers. As more coins get staked, your APR goes down. As more and larger claims are made it goes up. Your share of 2% of the unclaimed coins credited to your stake every week till week 50. You unstake, you likely have several million BHX now from being staked during all the bonuses.
Disclaimers
BitcoinHEX is not a security. There aren't actually any coins, they're just numbers in a distributed database. No one is actually given anything. People can execute the code they choose, on their own, that changes some numbers in a counter. The code that edits some database values is should only be modifiable by Bitcoin holders who've signed a cryptographic message. Other code can be run by anyone if they like. There is no common enterprise, there shall be no expectation of efforts of a promoter or third party. There is no expectation of profit from the work of others. People pay the Ethereum network to execute computations of their choosing, on their own. There is only an immutable compiled bytecode sitting on the Ethereum network. It can't be changed. They're just numbers living on the Internet. The code can do nothing on its own. People can run the code if they want, or not. The code can do nothing on its own but sit there.
No one actually has any keys to database ledgers until they successfully claim. Bonuses don't actually take anyone else's database values, they just add or subtract more or less database values based on the system state.
If you can, learn to code, or have the smartest coder or computer scientist you can find read over the code you plan to execute. The origin addresses gets all the bonuses you do except staking shares. Bugs and edge cases do happen, and it's unfortunate when a program does something you didn't think it would do, or perhaps didn't want it to do.
Blockchains, Smart contracts, Cryptocurrencies, are all cutting edge technologies, and as such, there is a risk, however small, of total failure. Software is hard. Computers are hard. Distributed software on distributed computers are harder. It's a miracle this stuff works at all. Strong cryptography seems unlikely to be broken, but if it is, everything will probably be broken.
BitcoinHEX.comgithub.com/BitcoinHEX/contract/tree/master/contracts5600 member Chat:
t.me/Strapetwitter.com/RichardHeartWinyoutube.com/richardheart
