Topic: So Richard Heart is a Bitcoin ponzi scammer too? (Read 1221 times)

i don't know what he was referring to exactly that he had to step in and help out but he acts like it was a pain in the ass for him to have to do it so people should really feel gratitude to him for what he did. like bitcoin wouldn't have survived without him...

he has some silly one-liners like this one:
"all cryptocurrencies are is an excel spreadsheet on the internet you put your money on you need your password to spend and they inflate 2% per year to keep the sheet honest."

the dumbest thing i ever hear him say is that hex is better than bitcoin. now THAT'S DUMB!

smart guy no doubt. but he's a little off on some of the thing he says.

he also said that bitcoin destroys the environment and he would know since he used to mine bitcoin he claims...

So what exactly did Richard Heart do about the block size conflict? I'm going to take the safest guess and assume that he was just spectating the whole thing.

one thing i didn't like about this richard heart guy, actually alot of thing but the main one is how he throws shade at satoshi when satoshi might be dead and here richard heart is saying something along the lines of  "where was satoshi when bitcoin had this problem nowhere to be found but I stepped up to the plate to try and help bitcoin."

Shade is a subtle, sneering expression of contempt for or disgust with someone

I want to start by saying that I am not defending Richard Heart or his behavior. I think he has many personality flaws, too many to name here and not worth the time but a moment on his Twitter page will teach you all you need to know. In fact, I think the HEX contract is so good, and the concept behind it, that it has been sucessful despite RH, which is proof of its utility. People call the contract a Ponzi but it, and other tokenized CDs, do not pay dividends to depositors based on the deposits of new investors. Instead, these contracts are inflationary and provide rewards based on amount staked, length of stake and fees collected from withdrawals. The question should be, how long will the contract survive if it is hyper inflationary. I would say that long term, it may not be a good investment because it is lacking utility above staking and there are not enough revenue sources. I have seen numerous forks of HEX fail because they didn't address these issues. There is a new one coming out though called MAXX . Finance, which has upgraded the HEX contract and added more revenue generating features like node validators, DAO, DeFi DApps, and token transaction fees. Now it should be easier for investors to see the long term profit potential of staking. All they have to do is check the DAO wallets to see the amount of revenue and payout to stakers.

I have seen him do a debate on one trader in a Singapore meet up and he seems good at talking and convincing people, good trait for a guy who is very much into MLM and Hype, listening to him, will made you believe that his Hex coin is the new Bitcoin and the only coin worth investing, so better check the character of this guy before buying his coin.

Almost always when companies or entrepreneurs offer super cool deposit conditions and so on, this turns out to be a trap for investors. So HEX can be a scam with high fidelity. HERE does not need to be a super analyst to understand this. You need to wait at least a year from the start of HEX and only then doing some conclusions

Just look at the volume and the price https://coinmarketcap.com/currencies/hex/ they are traded at 1 sat, he is good at talking but people do not want another Ponzi scheme in the tradition of Bitconnectcoin and Onecoin it will be a matter of time before this proejct die a natural death and every investor will go after Richard Heart.

Well, I don't give  attention to these persons, but it is certain scammers are unfortunately widespread in this domain. In fact, I barely trust these types of people because most of them are greedy, they just want to achieve their future endeavors through exploiting the weak people. 
Trust and believe in yourself,  your mind is a miracle, use it ,   keep it always up, it is sure that you will face a lot of obstacles especially  in the first experiences but remember that without hardwork, productivity and creativity you can't reach any goal.
Try to create your own success otherwise, someone else will hire or use  you in order to achieve his goals.

The "high interest" quote from the website already tells us what this kind of project is. Everything that proposes a too good to be true profit is already a red flag for wise investors. But there are still potential victims on this kind of coin by Heart.
The ignorant ones will buy on that promises that he's giving because they are not aware of how the project itself will generate profit for most of them.

Richard Heart's coin can be considered a scam coin https://coinmarketcap.com/currencies/hex/ billions of supply, no volume, 1 sat, this is a certified shitcoin, this coin has no future at all and all have no future at all, if people invested here, Heart should refund the money of these investors.

I presume when debating a known crypto personality one assumes by default that they have a criminal or scammy past. It's probably a profound shock when they turn out not to.

It's such a grind figuring out what's true and what isn't in cryptoland that unless there are actual convictions someone that slippery could shrug off accusations of that nature.

So, when Richard Heart claimed he had no motive of making massive money but wanted to help humanity because he was self-made, why didn't Tone Vays bring up his past? It would not have been unethical or wrong at all - *he* brought up how successful he is. Vays looked so weak in that debate. Heart's past was fair game if he was making claims about his moral standing based on how supposedly clean it was. I mean the guy referenced his past and was trying to portray Vays as the scammer. Anyway, I lost respect for Vays in that debate - he got reamed.

It is true that he is having a shady past and i never trusted what he said and i doubted whether HEX will continue for a long time because it straight up looked like a ponzi like the way he made all the money in the past and finally one more scammer who gelled in the bitcoin market as an advocate of prediction and stuff is revealed .

Even if you didn't look up his multiple aliases most people would be able to tell that here is a person who regards others as marks to be milked and discarded. There's something about his manner that tells you he is not someone troubled by his conscience. Cos there ain't one.

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.

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.

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:

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.

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

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.