Is Hex A Scam?

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In this video, I discuss Richard Heart, the crypto Hex, and why I believe that it is a scam.

Richard Heart loves to talk about how special and decentralized Hex is, when in fact, Hex is just another ERC20 token built on Ethereum. Hex-related addresses and transactions can easily be censored by large validators like Coinbase or Lido at the behest of regulators, now that Ethereum has moved to proof of stake.

Hex's high yield comes from printing new tokens (inflation), which means that the protocol needs a constant flow of new entrants in order to avoid collapsing. These explains why you see Hex ads everywhere you go, in order to drum up new recruits.

Investors in Hex should be prepared to lose everything, in my opinion.

Not investment advice! Consult a financial advisor.

I called the Terra Luna death spiral:
https://www.youtube.com/watch?v=JSYkzaTzQ0w&ab_channel=TraderUniversity

I called the Celsius scam:
https://www.youtube.com/watch?v=cBiJ_8DSnjQ&ab_channel=TraderUniversity

Richard Heart twerking:
https://www.youtube.com/watch?v=LdF0RKYz2YA&ab_channel=BrentonEslick

The King of Spam:
https://i0.wp.com/bitcoin-takeover.com/wp-content/uploads/2022/03/Richard-Schuler-Heart-Hex-Scam-Ponzi-Bitcoin-Takeover.png?w=1366&ssl=1
https://wantfi.com/wp-content/uploads/2021/09/learn-to-spam.png
https://www.zdnet.com/article/peacefire-org-beats-spammers-in-court/

Investigated for theft and extortion:
https://twitter.com/coryklippsten/status/1509253005979185152

Read more about why Hex is a scam:
https://wantfi.com/richard-hearts-hex-token-is-a-brilliant-scam.html

HEX origin address emptied out:
https://cryptoslate.com/hex-origin-address-emptied-out-almost-7-million-withdrawn/

Hex on Coinmarketcap:
https://coinmarketcap.com/currencies/hex/

Hex home page:
https://hex.com/

Terra Anchor protocol also promised high yields:
https://medium.com/coinmonks/forget-banks-earn-20-on-your-usd-in-defi-on-the-terra-blockchain-2b1d2844574

Beware of ponzi tokens and how Hex achieves a high yield:
https://www.swanbitcoin.com/when-investing-in-crypto-beware-of-ponzi-tokens/

Disclaimer: I personally believe that Hex is a scam.You need to do your own research and come to your own conclusions. I don't know Richard Heart personally. I've never met him. Everything in this video is taken from public sources on the internet.

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#hex
#crypto
#bitcoin

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