BitcoinHex Richard Hearts Project for Bitcoin holders
Although we are in a extended crypto bear market there are a lot of great things going on in the space.
One of these outstanding things IMHO surely is Richard Hearts BitcoinHex .
It’s been a while something so interesting and straight up sexy has been brought to us by one of the brightest and knowledgeable people in crypto.
Richard has evolved from Bitcoin maximalist to being “maximalish”. An adjusted, ex-maximalist view on the realities of what markets tells us but only a few speak about openly and only he talks about so eloquently and condensed in constant “cutting through the BS mode”.
Richard has been very transparent in his beliefs and in the past stood up for Bitcoin more than the most other OGs that where around as early as him (2011).
Understanding what Bitcoin is and simply isn’t he came to realize that a few other projects other then Bitcoin have merit to them as well. The situation we find us in now is because one doesn’t go without the other. Sure a lot got burned by ICOs and scams. Still not only Bitcoin has proven to be in the market for legit reasons. Who doesn’t like free money after all that Bitcoin holders could collect by a bunch of forks and other air drops for example, right?
Accepting that Bitcoin mass adoption hasn’t happened until now, what past market cycles showed us and why the Bitcoin maximalist agenda is flawed in many ways Richard set out to come up with a project that engulfed his knowledge around crypto and game theory to bring us BitcoinHex.
On his way he was sharing his knowledge and his advice and tips helped countless people to make a lot of money.
Regarding the maximalist propaganda Richard openly offers to debate anyone but so far no one has taken him up on this offer.
Even one of the most hardcore maximalist agenda point like “Bitcoin is a store of value” and outperforms other projects in this regard simply isn’t true. As of now Richard explains in one of his Youtube videos for example the difference in drop from ATH between Doge and Bitcoin is ~6%.
Let me quote Richard on some of his maximalist critique:
“You guys that are maximalists stop giving stupid advice! Learn about the market that you’re in, learn how to compete. I you don’t understand the other 9 coins in the top 10 shut the fuck up! You’re not qualified to make decisions! You’re not qualified to speak to the quality of one thing or the other if you don’t know about the other."
"I know now how good Ethereum is because I shut my maximalist mouth and fucking learned. I learned that there are things it does better. It’s never had an inflation bug, it doesn’t have miner drama, they just reduce the payout of the miners, right? … and they went without a hit except for a bug that was caught by their bug bounty program which Bitcoin doesn’t have, right?!"
"Bitcoin is good enough!"
"You don’t have to lie about it… pretend it does things it doesn’t, OK?!"
"A transaction on Ethereum right now is 7 ct. A transaction on Bitcoin is 23 ct. That’s the fucking math! Ethereum has higher transaction per second. I don’t really care the blocks 104 right now … but it does some people care about that. "
"Instead of shit talking everything in the world and somehow pretending to be improving the project why don’t you get some better transactions per second? Why don’t you make a more sufficient signature sceme like Schnorr that will save you some bits and allow you to more efficiently use the space you already have?"
"Why don’t you quit being a bunch of cry babies and talk more about stake then bringing on more users?"
"Why am I the only one talking about this on Youtube and Twitter? Why is it just me? You guys don’t have faces? You don’t have voices or is it that you’re to cowardly or is it that people will see that you are losers if anyone actually lays eyes on you? "
"Makes me wonder… I’m not sure you guys deserve a 20,000 dollar Bitcoin."
This part in full right here
What has his critique to do with his project? In my view BitcoinHex wouldn’t exist without this mindset. I recommend that you DYOR and come to your own conclusions.
Back to BitcoinHex!
In a nutshell (copied from the BitcoinHex website):
BitcoinHEX: Claim free BHX by signing statement given by the claim tool from Bitcoin wallet containing BTC in addresses starting with 1 or BC1. All unclaimed coins distributed to staked claimants over 50 weeks. (GET SATOSHI'S COINS if he doesn't claim.) You're missing 2% more of your stack every week you delay claiming, till none left at 50 weeks. Pays holders instead of miners. Bonuses: Refer: 20% Speed: 20% falling to 0 at week 50. Up to 20% adoption bonuses, VIRALITY: the more people that claim, and CRITICAL MASS: the more coins claimed. Only referral and speed bonuses are paid to non-stakers. Longer stakes get 0.385% extra shares per 7 days longer stake commit (20% per year.) So a 5 year longer stake gets paid 2x what a 1 week stake would. If only 1% of coins stake, then they're getting 369% ROI a year. Trustless 3.69% interest pool paid to stakers instead of miners. Emergency (early) unstake pays a 1/2 of the weeks committed to (stake length) penalty, half of which goes to loyal stakers pool, minimum 9 weeks. SILLY WHALE PENALTY of 50%-75% from 1k to 10k+ coins. (avoidable by splitting up before snapshot.) GoxMeNot: Mt. Gox and a few other undesirables excluded from claiming.
All the details can be found on the BitcoinHex Website.
If you found this Information interesting and somehow valuable it would be nice if you would use my referral link to
BitcoinHex:
or
http://bitcoinhex.com/?r=0x7e60a0A46a9BC5F2a4f39229f50d1cFC1F7eaeaC
Pssst… you can refer yourself too btw. Just watch this video from Richard right here
“Become a shillionaire” :
Let me know what you think about this project in the comment section.
also... more from Richard:
Richard Heart: Billionaire, blockchain thought leader, cryptocurrency investor, author, serial entrepreneur, Bitcoin OG
10% off: https://www.bitmex.com/register/EYT1vW
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50% off lifetime VPN Discount code: "heart" TorGuard
Twitter http://twitter.com/RichardHeartWIN
Telegram chats 5744 members:
http://t.me/Strape
http://t.me/BitcoinHEX
http://t..me/BitcoinHEXnews
http://t.me/BitcoinHEXmemes
http://t.me/StrapeCharts
Price calls http://t.me/RichardsCalls
Charity http://SENS.org
Youtube https://youtube.com/richardheart?sub_confirmation=1
Instagram https://www.instagram.com/richardheartofficial/
Some other details from the BitcoinHex Website....
How to claim?
- Verify your BTC address starts with 1 or bc1, or send your Bitcoin to an address you own starting with 1 or bc1 in Coinomi (android only), Electrum, or other supported wallet.
- Install MetaMask in browser.
- Go to claim tool on wallet.BitcoinHEX.com (when it exists)
- Open BTC wallet & Sign statement given to you by the claim tool
- Paste signature to claim page.
- Press submit. DONE!
Note: Your ETH address is your BHX address. *After snapshot. *After claim tool is launched.
Example claim
You claim 1 Bitcoin worth of BHX during the first week.
You receive 10,000 BHX plus 2,000 early claim (speed bonus) = 12,000 BHX
The person that referred you gets 20% = 2,400 BHX
You stake for 52 periods (364 days)
This gives you ~20% extra shares in the LoyalStaker share pool
If only 1% of coins are staked, you get 369% APR plus the extra shares may put you over shorter stakers. As more coins get staked, your APR goes down. As more and larger claims are made it goes up.
Your share of 2% of the unclaimed coins are credited to your stake every week until week 50. You unstake. You now likely have several tens of thousands of BHX (multiplied your stack a few times) from being staked during all the bonuses.
The best game theory of any currency or savings account!
Claim Bonuses Claim Phase (First 50 Weeks)
Referral Earn 20% on anyone that claims using your link.
Speed Earn 20% bonus if you claim first week. Every week you wait, bonus Reduces by .4%
SillyWhalePenalty 1k-10k+ claims pay reduced by 50-75% (Their loss is stakers gain! Paid over 50 weeks)
GoxMeNot Mt.Gox and a few other parties are not allowed to claim.
Staking Bonuses First 50 Weeks. Stakers Only
We're all Satoshi 2% Unclaimed coins paid to stakers weekly. Claim 1st week or lose it all over 50 weeks
Critical mass Increases stakers pay 10% x claimed coins/max claimable coins
Virality Increases stakers pay 10% x claim events/max claim events
Stake Bonuses Continuous. Stakers only.
Staking If 1% of coins stake, they make 369% interest avg. e.g. If 2% then 184.5%, 10% is 36.9% The less stakers the less the pool gets divided. More stakers, less circulating supply.
LoyalStaker 1/2 Emergency End Stake penalties paid to pool. (1/2 weeks committed, minimum 9)
1/2 Late End Stake penalties paid to pool. (1% of stake per week after 2 week grace)
LongerPaysBetter The longer you stake, the more you make. ~20% bonus shares every year you commit over 1 week. Works on any length over. So 5 year gets 2x shares that 1 week would.
Compounding The interest pool is compounded every week, maximizing your gains.
The war for longer stakes
You know how you get more interest for staking longer? LongerPaysBetter also amplifies your other bonuses including the massive claim phase bonuses! It's a war for longer lockups to get more bonus shares than everyone else! Those that believe in the project the most gain the most bonus shares.
Rewards
Stakers earn more interest when less coins are staked. Stakers earn less interest when more coins are staked. More coins staked, means lower supply available on the market, which can mean higher price.