Bitcoin is Great, but HEX solves Bitcoin’s fundamental problems.
HEX is like Bitcoin. Banks do more than currency, so must we. To revolutionize finance, every single function banks serve today must be replaced with a peer to peer, open source, trustless system. No middlemen. Bitcoin started the revolution in trustless, immutable, distributed, peer to peer digital currency. It started worthless and over 10 years reached $300 Billion USD. Now it's over $1 Trillion!
Bitcoin changed the world by introducing a decentralized store of value. But its creation and adoption has created problems and complexities that HEX solves.
In many ways, BTC and HEX are analogous. Bitcoin and HEX are peer to peer networks that store and transmit value. HEX is like Bitcoin with a Proof of Work change. In Bitcoin, miners buy mining hardware and electricity from companies. In HEX, miners buy HEX from other HEX holders, then use time to mine. HEX is Proof of Wait instead of Proof of Work.
#Bitcoin Inflation pays miners.#HEX Inflation pays stakers.
— Richard Heart raised $27M for SENS.org. Founded: (@RichardHeartWin) September 30, 2020
Miners mint new #BTC by their % of the total hashrate.
HEX stakers mint new ⬣HEX by their % of the total shares.
Each #Bitcoin mining machine earns less and less BTC over time as difficulty rises. Profits must be reinvested in newer hardware, as older hardware becomes unprofitable. pic.twitter.com/b2rbVH6alC
— Richard Heart raised $27M for SENS.org. Founded: (@RichardHeartWin) September 30, 2020
Let's say you want to make more Bitcoin on your Bitcoin. What are your options? You could lend your coins out and take the risk they're not returned, or you could try selling your coins for mining hardware and hope to get more coins back later. Many people have lost a lot of money trying either. HEX solves this.
Because staking HEX is so easy, and there's no sell pressure on HEX's price to pay facilities, hardware, maintenance, electricity, decommissioning of old hardware and buying new. HEX has less negative externalities.
— Richard Heart raised $27M for SENS.org. Founded: (@RichardHeartWin) September 30, 2020
#Bitcoin hyper inflated from 0 BTC to 18,000,000 BTC over 10 years with exponentially higher inflation earlier on.#HEX gets the that phase over with in 50 days. Jumping right to ultra low inflation, far lower than 3.69%. It took #BTC 10 years to get its inflation that low. pic.twitter.com/Lw8irxym8v
— Richard Heart raised $27M for SENS.org. Founded: (@RichardHeartWin) September 30, 2020
#Bitcoin is not a Ponzi. You mint your own rewards. (Well, actually a pool pays you.)#Ethereum mining is not a Ponzi. You mint your own rewards. (Well, actually a pool pays you.)#HEX.com staking is not a Ponzi. You mint your own rewards. (NO POOL!)https://t.co/LiL4Q9SvfF...
— Richard Heart raised $27M for SENS.org. Founded: (@RichardHeartWin) October 7, 2021
DON'T LOOK AT BITCOIN ALL TIME HIGHS, LOOK AT YEARLY LOWS!
HEX'S YEARLY LOWS
