HEX Is Not a Scam – In Defense of Richard Heart & His Crypto Coin

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As of this writing, the best take on HEX I have seen so far is this video from the YouTube channel The Crypto Lifestyle:

Accurate assessments include:

  • Critics of HEX have done little to no research (and have certainly not lurked in the HEX Telegram – takes too much time!)
  • HEX has been trending through the December launch phase into 2020, so getting a video out is imperative to viewership numbers
  • Most people would rather risk their integrity and say “it’s a scam” because, well, that’s what everyone else is doing!
  • HEX marketing and game theory could one day challenge Bitcoin — some people simply don’t want that to happen.
  • Many people just don’t like Richard Heart — fine.

Here are some common oppositions to HEX and a few comments to help clear things up.

The Adoption Amplifier is a Scam — Where Does the ETH go?

Using the AA system is a choice.

You are saying “I don’t want ETH, I would like to exchange it for HEX.”

If you believe HEX has value and will one day moon, then it’s your choice to swap ETH for HEX.

Why would it matter if Richard did have control of all the ETH sent? What exactly is the big deal?

Do you question where all of the money goes any time you purchasing anything?

As someone that talks a lot about human longevity research, what if he donated much ofit to sens.org or something?

A lot of people would look really, really dumb.

ETH Sent to the Adoption Amplifier Keeps Dropping. HEX is failing!

Fools.

Any HEX Telegram lurker knows that the AA period goes on for an entire year.

Only people that did no research FOMO’d in heavily on day one and even week one.

I sat back and laughed as ETH poured in on day one.

Man, knowing all the information really does pay off…

The lurkers knew that the best way to play this system is most likely to just wait awhile, possibly months.

THIS is game theory.

The AA system is basically saying,

Who wants this HEX up for grabs” on a daily basis.

It’s YOUR CHOICE to take it or not.

One day you might get 10 million HEX for .05 ETH.

It could end up bringing HUGE gains in the future.

At the end of the day, the AA system keeps bringing people back to HEX day after day after day. That’s called marketing.

I Only Get 10,000 Free HEX for 1 Full BTC? That’s Not Enough!

Choosing beggars. Pathetic.

It’s free. Take it or leave it.

I Can’t Dump My Free HEX!

Game theory.

When you get it for free, the HEX contract forces you into a free trial period.

You now have skin in the game and are essentially encouraged to watch the system unfold.

You are auto-staked to see how staking works.

In this same clip mentioned earlier, Richard describes how it came to be this way.

Marketing genius.

You Can Only Get HEX with Bitcoin or ETH! WTF!

If you lurked in Telegram for months, you could have been preparing all kinds of content to get way out in front of the trend, plotting your affiliate referral gains.

The referral system creates an army of marketers.

Affiliate programs are huge for adoption. Create tons of sales people that only get paid if they succeed. Every company should do this.

Many websites set up calling HEX a scam are actually affiliate sites.

Jokes on you!

The Website and Messaging Look Scammy AF

It’s really, really hard to explain HEX in writing alone.

Understanding the project takes a lot of time.

Messaging such as

“HEX is designed to increase in value faster than anything else in history”

is not the same as

“HEX will increase in value faster than anything else in history.”

Messaging such as,

“it’s designed to go higher, faster, and retain its value”

is not the same as

“HEX promises you higher, faster returns.”

The design could fail!

The website doesn’t look like a scam. You think it does because you don’t understand the project!

But running on top of Ethereum is a bad idea!

Udi, where you at?

I tried to go back in time and reference instances that define the benefits of being a HEX Telegram lurker.

I could have posted screenshots but I felt people could think they are manipulated.

Here are some more examples:

Richard creates a collaborative document called “Things to Fix on Hex”

Early HEXer predicts Richard vs. Tone will be a shitshow for Tone.

Same as above.

“Richard, why are you doing this?”

BitcoinHex rebrands to HEX

HEX.win unveiled

Early community contribution on what HEX dashboard might look like.

Github has always been shared.

Consistent messaging since April 2019.

Example of shared code commit progress.

*JUST AS I FINISHED THIS ARTICLE, BUT BEFORE I PUBLISHED IT, RICHARD HEART DELETED MANY OF HIS OLD TELEGRAM POSTS

I AM NOT SURE WHY HE DID THIS. IT IS COINCIDENTAL AND UNRELATED TO THE ARTICLE.

I DECIDED TO POST TELEGRAM LINKS INSTEAD OF SCREENSHOTS BECAUSE SCREENSHOTS CAN BE PHOTOSHOPPED, WHEREAS LINKS SEEMED MORE TRUSTWORTHY.

REGARDLESS, THE POINT STILL STANDS. GO BACK IN TIME IN THE HEX TELEGRAM AND LOOK AT THE OVERALL ENGAGEMENT AND COMMUNITY CONTRIBUTIONS.

ASK HIM ABOUT THE MESSAGES, I AM SURE HE WILL TELL YOU*

As of this writing, evidence suggest that it is not a scam.

Only time will tell.

Therefore.

I don’t know.

I’ll leave you with one final joke.

“HEX launches in 50 days!!”

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