So Richard Heart is a Bitcoin ponzi scammer too?

[gentlemand]

I have zero idea of the ins and outs of how it works and I've no idea how many people bought it rather than claimed it or whatever but this person is reporting a 99.93% loss in three days if you'd actually bought Hex - https://twitter.com/inversebrah/status/1205881578338930688

Not bad. I think it can do better yet.

[1715485630]

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[1715485630]

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[squatter]

I have zero idea of the ins and outs of how it works and I've no idea how many people bought it rather than claimed it or whatever but this person is reporting a 99.93% loss in three days if you'd actually bought Hex - https://twitter.com/inversebrah/status/1205881578338930688

Not bad. I think it can do better yet.

Don't worry. This is actually a good thing, according to Richard Heart:



There is no liquidity, either. It has a 24-hour volume of ~26 ETH on Bidesk, which doesn't seem to have a CMC listing. And less than 1 ETH volume on ForkDelta.

This looks really brutal for anyone who bought through the HEX system. How much has he raised so far? I keep seeing articles that say he's raised millions but I can't find the address.

[Racer8]

It's interesting that the Hex project compares Hex to a Certificate of Deposit.  When you deposit money into a CD that capital is lent to another party who uses it for whatever and pays you interest for the privilege.  That is what gives your capital some sort of value.  With Hex staking the Hex just sits there and some code in a contract pays out "interest".  I just don't see how that defines any sort of value for your Hex?

[mindrust]

It's interesting that the Hex project compares Hex to a Certificate of Deposit.  When you deposit money into a CD that capital is lent to another party who uses it for whatever and pays you interest for the privilege.  That is what gives your capital some sort of value.  With Hex staking the Hex just sits there and some code in a contract pays out "interest".  I just don't see how that defines any sort of value for your Hex?

It is a ponzi scheme.

They want to artificially replicate bitcoin's deflationary nature.

Bitcoin has been going up even though some of its investors cashed out big amounts from time to time.
Bitcoin is that strong.

Hex is trying to close the cash out gate to increase the price artificially. Sooner or later people will want to get out and it will crash.

Don't touch this.

[gentlemand]

Bitcoin.com's exchange has listed Hex - https://news.bitcoin.com/bitcoin-com-exchange-lists-more-tokens-for-trading/

If I were Mr. Ver that's something I would have just a few wee doubts about but perhaps he's decided to go for broke and go full shit. Bitconnect and Onecoin up for a comeback next I guess.

[tmfp]

Bitcoin.com's exchange has listed Hex - https://news.bitcoin.com/bitcoin-com-exchange-lists-more-tokens-for-trading/

If I were Mr. Ver that's something I would have just a few wee doubts about but perhaps he's decided to go for broke and go full shit. Bitconnect and Onecoin up for a comeback next I guess.

Yeah, and a Clubcoin IEO no doubt.

Hex?
Just another example of crypto eating itself (and its credibility).
Heart's angle has something of Mavrodi about it.

I think this comment on the Steemit article summed things up pretty much

thanks for the links but doubt anyone on steem would care, scammers take millions here and so long as crumbs fall down none cares who's being robbed

[audaciousbeing]

Numerous respected cryptocurrency analysts are taking issue with a Bitcoin-linked investment scheme known as HEX. It claims to be the world’s first high-interest blockchain certificate of deposit and makes spectacular ROI promises, particularly for those getting in at the earliest.

Behind the idea is Richard Heart, a serial entrepreneur, marketing expert, and cryptocurrency proponent. Heart has spent much of the last year promoting HEX, which was originally known as Bitcoin HEX.

Read more here

Last time, I made a video about the confrontation between Craig "Faketoshi" Wright and Richard Heart at Malta AI and blockchain summit last month.

Now, it seems that I could finally call them both scammers.

You know why? Richard Heart himself was now being labeled as a potential scammer for running a Bitcoin ponzi scheme known as HEX.

I just don't know guys, but it looks like I'm not going to side either of these scammers now. But what do you think about this one guys?

Which one are you siding on? Or no one? Just let everybody know here about your reaction or opinion. Cheers and have a happy weekend!

One of the problem we will continue to have in crypto is the greediness of people that have infested the crypto space and its so discouraging to have to deal with news such as this. Many people wants to invest and reap 50 folds within a short period of time. I don't know which kind of investment model that has ever worked in real life and the entrepreneurs who understands that level of greediness would continue to take advantage of it. Its disheartening but I don't see the end to that anytime soon.

[1Referee]

Bitcoin.com's exchange has listed Hex

If I were Mr. Ver that's something I would have just a few wee doubts about but perhaps he's decided to go for broke and go full shit. Bitconnect and Onecoin up for a comeback next I guess.

I like that move because it makes Roger look bad within his own community. It made me kind of have some respect for the BCH community as they are against Roger shilling this flat out scam. It means that they are more than just ass lickers following their master. The main ABC dev is publicly speaking out against it, which is hilarious, mainly so with how he is partly paid by Roger.

Interesting part is that just before the listing, Richard in one of his streams said that the biggest HEX claim comes from a Bitcoin address that had nearly 2000BTC in it, then suddenly Roger Ver announces the listing on his shitcoin dot com exchange. Coincidence? 

[squatter]

Bitcoin.com's exchange has listed Hex

If I were Mr. Ver that's something I would have just a few wee doubts about but perhaps he's decided to go for broke and go full shit. Bitconnect and Onecoin up for a comeback next I guess.

Interesting part is that just before the listing, Richard in one of his streams said that the biggest HEX claim comes from a Bitcoin address that had nearly 2000BTC in it, then suddenly Roger Ver announces the listing on his shitcoin dot com exchange. Coincidence? 

That might explain part of the motive, but I'll bet that Richard Heart paid a listing fee far above and beyond industry standards, and probably made Roger a huge HEX shareholder on top of it. Heart badly needs a noteworthy exchange to list HEX.

The two are looking quite chummy on this live stream they broadcast together yesterday.

[darkangel11]

It's another bitconnect.
https://steemit.com/cryptocurrency/@isacoin/the-truth-about-richard-heart-aka-richard-j-schueler

Here you can see that when some guy asked for his real name he said that he won't give it away, but he's not asking anyone for money so he doesn't have to. When he decides to ask for money he'll be doing it with his real name.

Now some time later he's really asking for money because this is what all this crypto tweeting comes down to and he's not doing it with his real name: Richard J Schueler

[pixie85]

I don't like Heart. There's something off about this guy.

Let's sum this up. Some guy changes his name and starts posing on the Internet as a rich successful investor who wants to give advice to you for free. This always leads to some kind of a scam or advertising project. Just wait until he starts selling shirts and mugs with his face on it.

[gentlemand]

Let's sum this up. Some guy changes his name and starts posing on the Internet as a rich successful investor who wants to give advice to you for free. This always leads to some kind of a scam or advertising project. Just wait until he starts selling shirts and mugs with his face on it.

I remember him saying that he spent untold thousands of dollars on Tony Robbins courses for him and his family and then decided to use that knowledge to heal the world. His early vids were him in a top hat telling you to be nice and stuff.

I guess the mask slipped or no one gave a shit.

[pixie85]

I remember him saying that he spent untold thousands of dollars on Tony Robbins courses for him and his family and then decided to use that knowledge to heal the world. His early vids were him in a top hat telling you to be nice and stuff.

I guess the mask slipped or no one gave a shit.

I saw his debate with Tone Vays and as much as I don't agree with Tone's predictions I don't get why people thought he lost the debate. Cointelegraph called it a debate of a maximalist vs realist which is already damning because realists are considered smart and open for discussion. The name suggests there's going to be a stubborn guy who's there to do his thing and not listen to any arguments.

Heart's points weren't realism. He focused on hos Bitcoin is bad for the environment and that Bitcoin's 2 critical bugs were much worse than ETH rollback. If that was realism I'm out.

Also Richard says Hex isn't a scam because he's not asking for money. If you buy it you buy it even if you're buying his bag of Hex worth 0.0001 USD each.  

[gentlemand]

I used to have a LOT of respect for the guy he did help a lot of people understand bitcoin and blockchain shame he's fallen down this route.

That was probably the plan all along. I'll bet he's kicking himself for not going full penis in 2017. Maybe that's why he started crying when the market took a monster shit. He could've made billions rather than a few mil.

[squatter]

I used to have a LOT of respect for the guy he did help a lot of people understand bitcoin and blockchain shame he's fallen down this route.

That was probably the plan all along. I'll bet he's kicking himself for not going full penis in 2017. Maybe that's why he started crying when the market took a monster shit. He could've made billions rather than a few mil.

I imagine that's why he waited until now to launch it, as opposed to last year's downturn. The 2020 halving is around the corner, and the market is still coming off an impressive upturn in early 2019. He's obviously hoping to ride the next 2017. And he might just become a billionaire if the SEC (or similar agency) doesn't step in and force him to disgorge his profits.

This few million could just be the start.

[darkangel11]

You guys were asking about how much money he made and his address.
https://etherscan.io/address/0xdec9f2793e3c17cd26eefb21c4762fa5128e0399

This is it. Up to this date Richard has made almost 6 million dollars. In early December it was 2 million, so he made almost 4 million USD in just 1 month.

Good thread to read more about the scam

[kingcarsen]

You guys were asking about how much money he made and his address.
https://etherscan.io/address/0xdec9f2793e3c17cd26eefb21c4762fa5128e0399

This is it. Up to this date Richard has made almost 6 million dollars. In early December it was 2 million, so he made almost 4 million USD in just 1 month.

Good thread to read more about the scam

lolol

He also goes on rants for like 2 hours on Youtube about how he doesn't block anyone and would debate with anyone about it, debated him for about 10 minutes, he got triggered and then blocked me.

https://twitter.com/carsenjk/status/1211018301817536513

Richard Heart is going to be the next Carlos, grab the popcorn guys.

[aoluain]

I 101% agree on this tweet. lol

Its only purpose is to hopefully go up in value by attracting new suckers.

Its obvious to be a ponzi scheme but people who are aware of would tend to blindfold themselves and invest no matter what. I wont be surprised
if they would cry later on if this thing would collapse.

a lot of the early investors know it's a scam. they don't care, either because they're taking no risk (they are claiming based on BTC holdings), or because they know the cycle will play out just like bitconnect and other ponzi-like schemes.

the early money knows the risk is low because the crypto market is gullible, greedy, and swimming with disposable capital. they'll cause the initial explosion in price, which will in turn cause the dumb money to flood in. and that will build up the house of cards.

it's sad watching this stuff play out in real time.

totally agree, there are indeed people investing in HEX knowing its a ponzi
and they dont care as long as they are in early and out early leaving the
other suckers who are not in the know with bags of worthless HEX.

The definition if Hex below sums up this scheme,
anyone who gets into this will be HEXed


Hex:
verb (used with object)
to bewitch; practice witchcraft on:

noun
spell; charm:

[gentlemand]

https://cointelegraph.com/news/richard-hearts-hex-now-trading-for-less-than-1-satoshi-after-52-drop

The Hex price is now under one Satoshi. Good effort.

I wonder whether he'll try to keep it twitching until or if there's another alt pump or whether he'll cut and run. Burning your rep is a one time deal. Guess he's not the 'thought leader' he thought he was.

[pushups44]

I wonder if Heart is attracting attention from the SEC. I don't see any restrictions on investment from US persons. Despite this humorous disclaimer --

I follow a couple of crypto-aware lawyers on Twitter. I think it's safe to say they're rather less confident than he is in the future success of his wonderful project - https://twitter.com/jchervinsky/status/1204628002979667969

Then again he strikes me as a right slippery git so may know something we don't.

I thought he did a great job debating Tone Vays for Cointelegraph so I gave him the benefit of the doubt, but then rumors started swirling about his project and I did some Googling... let's just say this person has a past. I found some bright red flags. I will leave it at that because I don't know if he's litigious. His past, which includes allegations of serious legal problems, is all over the internet.