Hex deniers are the flat-earthers of crypto https://www.tiktok.com/t/ZTRASTJSL/?k=1

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HEX.COM

pulsechainacademy

Hex deniers are the flat-earthers of crypto https://www.tiktok.com/t/ZTRASTJSL/?k=1

#cryptocurrency #english #hex-crypto

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25.07.2022

10 ответов

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Nenad [I won't dm you]

Not sure what you mean by "ponzinomics". If you mean the market dictating market value, that is a property of all freely tradeable assets and has nothing to do with a Ponzi scheme (where a middleman redistributes money from new investors as yield to old investors). BTC, ETH, all stocks, almost all commodities, bonds, and even most fiat money have this property of market setting the market value.

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25.07.2022

pulsechainacademy Автор вопроса

Nenad [I won't dm you]
Not sure what you mean by "ponzinomics". If you me...

Ponzinomics doesn’t mean ponzi scheme. Is social security a ponzi scheme? Is healthcare? No. But an element of ponzinomics is the need for new members to feed the system. Its not a bad thing. If you are just getting hung up on the work ponzi then idk what to tell you. Ponzinomics are not bad and doesn’t mean something is a scam just bc it has the work ponzi in it.

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25.07.2022

Nenad [I won't dm you]

But there's none of that mechanism in HEX. You don't have a middleman redistributing value like in social security. While the staker class does have power over the monetary policy of HEX, it isn't a single entity, but rather a collective.

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25.07.2022

pulsechainacademy Автор вопроса

Nenad [I won't dm you]
But there's none of that mechanism in HEX. You don...

And that’s exactly what prevents Hex from being a “ponzi scheme” rather than a tool that had a single element of ponzinomics which is the need for new people to enter the system. Since hex inflates at 3.5% compounded, our growth rate must equal that in order to maintain the system value. But thats a normal thing. Insurance does this, Social security does this, healthcare does this, the stock market does this. And they all also share at least the same degree of ponzinomics. The ponzinomics are still there and they are still not a bad thing. But to deny it exists is no 100% honest. Just like calling it a scam bc it shares that trait is not 100% honest

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25.07.2022

Nenad [I won't dm you]

pulsechainacademy
And that’s exactly what prevents Hex from being a ...

Supply inflation is not an element of "ponzinomics" (if that is a defined term at all). For example, BTC is a constantly inflationary asset. HEX is mostly inflationary and occasionally deflationary, similarly as ETH. I don't see anyone worth listening saying that BTC and ETH have "elements of ponzinomics". It is just a weird terminology. A Ponzi scheme is well defined. Ponzinomics not so much.

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25.07.2022

pulsechainacademy Автор вопроса

Well they both do. And your right.. its not a defined term. But hex and btc both have the same exact characteristics. And btw TONS of ppl call btc and crypto im general a ponzi

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25.07.2022

Hexalted Kage

pulsechainacademy
Well they both do. And your right.. its not a defi...

Just because tons of people call something a thing doesn't make them right. A lot of people believe a lot of things that are objectively false.

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25.07.2022

pulsechainacademy Автор вопроса

Hexalted Kage
Just because tons of people call something a thing...

Thats completely besides the point

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25.07.2022