Topic: So Richard Heart is a Bitcoin ponzi scammer too? (Read 1153 times)

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."

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!

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.

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!

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.

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!

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.

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.

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.

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.

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.

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

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 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.

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.

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.

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? 

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.

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!

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.

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

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?

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.

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 --

CDs are similar to savings accounts in that they are insured "money in the bank" and thus virtually risk free.

You've only just started thinking that way? I admire your stoicism.

It has and probably always will be a paradise for the immoral and predatory.

I am now starting to believe that the cryptocurrency industry is now being trampled by many scam artists out to get as much money as they can from innocent people.

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!

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.

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.

this guy has no conscience for making himself popular by scamming people, people really don't care if they lose their reputation for the sake of getting rich.

How did CSW grow his popularity? By having people so desperately trying to expose him as fakesatoshi. Richard's popularity grows the more people are trying to expose his scam.

So far we’ve established that Richard will likely make over $100 million in ETH and control 45% of all HEX after the first year. Unlike in Bitcoin where the high initial inflation rate quickly diluted Satoshi and other early adopters, HEX will only have at most a 3.69% annual inflation rate once the initial launch phase ends, so Richard’s stake will never be diluted. In fact, with the “Bigger Pays Better” bonus that pays large holders an additional 10% on their stake, his share of HEX will only increase over time.

There is an additional benefit the Origin Address receives, though, that may be even more significant than the benefit Richard receives from allotting himself 40–45% of the entire HEX supply. As the holder of the Origin Address, Richard gets paid half of all HEX reclaimed by penalties.

If you’ve only perused the Hex website, you might think that all of this penalized HEX goes to stakers, but in reality half of it is going to Richard’s Origin Address, while the other half is divided amongst the pool of every other staked participant. But remember: Richard not only possesses the Origin Address but will also comprise at least 45% of all the HEX in the staking pool after the first year. So say someone ends their stake early and is penalized 1 million HEX, Richard receives 775,000 HEX himself, leaving only 225,000 coins to be divided amongst the thousands of other stakers.

Unlike the bonuses in HEX, which expire after the initial launch phase, the penalties are a permanent part of the HEX smart contract. They will never expire, enriching Richard in perpetuity, sucking all the value away from you and accruing it to Richard himself.

I always figured Richard Heart was building up to something like this. He always seemed like a marketer intent on monetizing his position as an influencer on Crypto Twitter.

It reads like an "honest" ponzi scheme. In theory, you can make obscene profits, but there is no real basis for value and everybody is just openly waiting for greater fools to drive the market up.

All such schemes eventually collapse under their own weight. Richard Heart will profit handsomely, though, I'm sure. He's already up more than $3 million just from printing tokens out of thin air.

We're downright shocked how popular this HEX is given that it's clearly a blatant ponzi scheme. TPB should know better. Can someone could explain how a "Bitcoin maximalist" transitions to ponzi scheme promoter & supporter? #ponzi #HEX #scam #cryptoscam

I always figured Richard Heart was building up to something like this. He always seemed like a marketer intent on monetizing his position as an influencer on Crypto Twitter.