Why can’t the OA tokens be locked up or burned

forever? It seems like crypto was made to be trust less, but aren’t we all trusting in whoever controls that OA address (Richard cough cough) to not tank the price?

Would you rather a different ‘whale’ was capable of tanking the price ?

The OA doesnt just sit there...If the coins were just burnt the APY for active stakers would be much less, and closer to 5%. By the OA not staking we get this period of high rewards. The OA may decide to stake in the future to cut whale rewards or other reasons. The OA staked everything before Big Pay Day and cut the rewards on buy the rumor sell the news investors. It's a benovelent mega whale that can help adjust the system even though the code is immutable

What is an OA?

https://hexicans.info/documentation/contract-guide/

HEX laymans guide...will give you an initial understanding of how everything workds

That’s not what I’m saying at all. Reread my post. I’m not saying it’s a problem that RH controls the OA address (even though that will never be confirmed), what I’m saying is why can’t those tokens just be locked away forever or burned? What’s the advantage of the community needing to trust that they will never be dumped?

I didn’t mean stake and take some of the APY from others, I just mean why can’t they be locked away or burned. It should be pretty obvious that the only real big risk in HEX is the OA address. It seems like it would be easy to remove that risk

who would ever want to dump the greatest asset in the world?

The 3.69% inflation is taken from the entire supply if they were burned it be the same as if they were staked...and the APY would drop. Cant change the code at this point to create a lock. The OA has no intention of selling and it probably never will. Even a $1000 sell would set off the crypto news alarms. RH is ready to become one of the leading project developers in crypto. He just got 1 billion from a sacrifice. Why would he ruin his reputation over a pennies to him ( I believe there was only about 25 million in liquidity even when HEX was 50 cents). So would he dump everything in a bullrun, be hated by the world for 25 million...Or would he create a wallet and get a billion? Then in two years another project? The biggest hurdle for many in HEX is that RH does everything to keep short term investors that want nothing to do with the community out.

HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.

This completely avoids the point of the risk though. Sure, why would they want to dump the price down?? But you’re still trusting that they won’t. Richard preaches about taking the trust and middlemen out of crypto. With HEX, it seems like an unnecessary trust that’s being placed into the ecosystem. Wouldn’t it be the same if those coins were burned or forced to be locked away without changing the APY return for the normal stalkers?

Before I get hate, I love hex and am an investor for the long run. Just looking at it from an outside perspective. “Probably” is the key word. I 100% think the OA will never touch those tokens, but again, it seems like a lot of trust being placed into the owner of the OA address. Richard preaches to not trust people in crypto and not be dependent on trust yet we place the entire life of HEX into trusting whoever controls that OA address. Just seems hypocritical. It’s saying “don’t trust all those other companies and middlemen but trust the owner of the OA address in hex. No one else can be trusted but this one is different”

He preaches no trust in middlemen, not trust in centralized ownership. I'd rather OA, which never sells, than Vitalik who always does lol

I guess it just seems like unnecessary risk. I can see that holding back many from investing into it. It’s really the only risk I see

People buy ETH knowing that if Vitalik and all the devs sold everything the price would momentarily go to zero. And Vitalik and the devs dump on heads all the time. People been buying Bitcoin for 12 years knowing that if Satoshi were to sell it would go to zero. People buy Chainlin...Even though the devs still hold 80% and sell regularly People buy Tro... even though Justin Sunn sells in bullruns People buy RIPPLe even though they sell 50 million on peoples heads every month RH does non of these things and but fear what he doesnt do and overlook and accept it everywhere else. Cant spell the coins or combot would delete

Meh. If eth can do that well while constantly being dumped on, feel like worrying about that in HEX is silly.

Yep its basically mental manipulation from all these other projects. Get people to believe that everyone will sell and its ok if you do it within means forever. Someone who doesnt sell should be feared...Its crazy. Richard Heart now has 3 projects after Pulsechain is released. HEX is low liquidity and a death sentence to everyone if he sells HEX. If anything is to ever be sold it will be Pulsechain..and I believe a 2% of the supply has already stated can be sold in the distant future for development. Its very hard for people to believe out of everyone in crypto that Richard Heart is the trustworthy one.

HEX's price went up the fastest when its liquidity was the lowest. Bitcoin's price went up the fastest when its liquidity was lowest. Ethereum's price went up the fastest when its liquidity was the lowest.

why would you dump the greatest asset in the world?

There is no public burn function in the contract. Technically HEX can and has been sent to the contract address which then could not be accessible (no admin keys), but for what purpose? I can hear what you saying but its already set up the way it is. Dont expect that the OA will always do what its always done in the past. New market forces could emerge that there is a use case for

HEX contract address: 0x2b591e99afe9f32eaa6214f7b7629768c40eeb39 8 decimals.

#InRHWeTrust

Is it not possible to have a store of value or crypto where massive trust doesn’t have to be placed in a single person to a very small group of whales? And why isn’t it possible?

Spread trust is useless trust … Greed prevails when numerous entities believe they can control all. All fails. Look at banks , governments, diamond miners . It’s not difficult to understand .. Richard is a monarch.

I’m still looking for an answer on if it’s possibly to have a store of value or crypto that doesn’t have a need for massive centralization of supply? Is that possible and why wouldn’t that be best?

Because it won’t work . You HAVE to Have an entity to control shit to some extent … Even the hex contract is basically it’s own natural entity as it stops everyone from selling at the same point in time … The only hex investor/staker that can fuck up …… Is themselves due to impatience or desperation.