People that think they're smart often confuse pyramid schemes with Ponzi schemes with bubbles. I help them understand the error of their ways. If you're stupid, everything looks like a pyramid or Ponzi scheme. Life is extinct without the next birth. Businesses bankrupt without the next sale. All art, music and assets only go up in value if the next guy pays more. To the ignorant, all of human existence looks like a giant pyramid scheme.
Real cryptocurrency removes middlemen, increasing efficiency, durability, availability and adds features that never before existed in the history of the world, like irreversible instant global transfers of value. The robustness of a decentralized system backed by math instead of men.
#Bitcoin mining machines just mint more bitcoin and bitcoin has been the best performing asset of all time. Ethereum miners and then validators just minted more #Ethereum, and yet, it's perhaps the 2nd best asset of all time? In reality the consensus mechanism does much more than just create more units, it also does transaction ordering and timestamping and publishing publicly the math and results.
TLDR; Ponzi's, pyramids and bubbles are different and you should be smart enough to know the difference and speak properly.
Thread: https://t.co/e1dCtEV4v3
The genius of @RichardHeartWin
How to get another 10,000x out of a coin that's already done it once? #HEX
Apply Heart's Law. - Cryptocurrency will rise and fall alongside one another as a result of their liquidity pairing.
Bond HEX to new projects (continued)...
#Ethereum you can create liquidity pools at https://t.co/9gqMrfI8Mz and pair your bridged in ERC20s with your free PRC20 copies! Whoever makes the pair sets the initial ratio. Make sure you like the ratio before you add afterwards or if the pair was still small enough you could trade it to where you did like the ratio perhaps before adding. https://t.co/FuV05RZhhA
As an LP You earn fees, and if there's a farm active https://t.co/Qa8xfd8LaD, then you can put your LP token in there and get extra rewards. Farms can only go active for a pair after it exists. The same goes for adding the logos.
Impermanent loss is the risk when being an LP. If both tokens in the pair go up vs USD You win on both sides & you get fees. But if one goes up more vs USD than the other, you'll have less of that one and more of the other one, and you hope the fees make up the difference or the pair returns back to the ratio you started at, or both. You're kind of short volatility. Read up on Impermanent loss.
An ERC20/PRC20 pair might have less volatility over time than an ERC20/stablecoin pair, especially if they have the same ticker symbol and code. So it might have less impermanent loss. Nothing like PulseChain has ever been done before, we're all learning amazing things as we go.
So far the most popular ERC20/PRC20 pair is https://t.co/eM6Cg1AoJk You can click the button on the chart that says "Switch to Price in HEX" and you will see the value of PRC20 HEX increasing to about 1:1 with HEX from Ethereum. It started out far lower. It's inverted though, so you're seeing bridged in HEX from Ethereum go down vs HEX on Pulsechain.
Reminder that farms can only be added after someone makes the pairs. The community can probably do that faster now that the bridge is working great!
Pulsechain Prep Quick Notes Part 1:
1/ 1) If you are a liquidity provider, be wary of volatility. For example, if you are providing HEX liquidity, and there's a massive sell off, you may not want USDC right before the fork. You would rather have HEX. Reminder, we aren't prophets, and I'm not insinuating that this happens, but you may want to reduce your exposure pre fork.
2) Have Ethereum ready in your wallet. When the bridge opens, Ethereum will probably be the most stable and sure bet when it comes to bridged in assets. You'll be able to take your Ethereum, bridge it over to Pulsechain, and swap for the assets that you want.
3) Have a DCA strategy ready for your favorite assets. Many people are asking me what to do day one with Pulsechain. What I have done in the past with crypto launches is take 50% of my reserves, and buy day one. this could be pulsechain, pulsex, or any other. with the rest of the 50% you can begin your DCA. Now why do we do this? In times of high volatility, you want to increase your DCA frequency. Instead of monthly, you may want to break it down into daily or bi-weekly until the volatility levels out.
Post Launch
1) If your wallet was compromised in the past 2 years, and you're worried about your airdropped tokens being pulled by a hacker, the least you can do is be ready to try to pull your tokens to a different wallet address. I would create a wallet address right now, pre fork, and write down the exact steps to fund your wallet with PLS gas, and move it to the newly created wallet. You dont want to wait the day of launch, to create a wallet, because every second could potentially count.
2) If you need gas for transactions, there are a couple different places to get free PLS. You can go to https://t.co/Bc6utnaWIX . This was created by viktor and felix, two former devs for RH. You can also go to the pulse faucet provided at https://t.co/EEROmas7c6 . You can small amounts of free pulse daily, which would be enough to transact on Pulsechain.
3) My official position is to not trade anything until the bridge is open, UNLESS, there is a stable coin that magically appears on the pulse network and its staying pegged to $1 dollar. Otherwise, sit tight, accumulate your Ethereum to bridge in to begin executing on your DCA plan.
4) Major events/Transition points such as these are opportunities for hackers and scammers to wreck people. Remember, only click links shared out by Richard on his official twitter, or the GitLab. If you ask a question in a telegram group, expect to be directly messaged by a scammer, with my name, or Richards name, or any founder/admins name that runs the chat. If you get DMd first, it is most likely a scam. if you sense at all that something is not right, pump the brakes. there is too much to risk here.
Did you know:
Coinbase is being pursued by SEC as of today.
SEC pursuing Lindsay Lohan, Jake Paul, Soulja Boy, Lil Yachty, Ne-Yo, Akon and Michele Mason on illegal touting charges for their roles allegedly promoting TRX and BTT without disclosing they were paid to do so. The majority of these celebrities settled the charges.
SushiSwap is being pursued today by the SEC
Justin Sun is being charged by the sec for : “Fraud, and artificially inflating token price through wash trading and other activities”
When https://t.co/tyQE8i8y5h testnet v3 launches, that it will also count as your warning that main net could launch at any time. I really would love to see everyone enjoying their free coins as soon as possible. Fingers crossed.
If you're reading this tweet you have the opportunity to get 3 different blue chip #cryptos before they're mainstream blue chips.
$HEX - Earning yield with no middlemen, earn more the longer you wait + price performance. True Defi.
#PulseChain - Layer 1 Eth 2.0 fork, layer 1s pump hard historically, this one airdrops everyone on #Eth free copies of everything they had. Hasn't launched yet, so you're early.
#Pulsex - Every layer 1 worth investing in has a flagship #DEX, a decentralized exchange. Pulsex is Pulsechain's dex and it has built in demand. The coin gets market bought using some of the fees generated through usage of the dex. Some estimates show 6-7 figures of *extra* buy pressure EACH day.
It's the holy trinity of 100x+ gems for next cycle. (Conservative)
Follow @K4KCrypto for more signal.
Also a Youtube channel with daily uploads. Link in Bio.
When #Pulsechain launches I'm sharing the opportunity with everyone I know.
I want everyone who knows of me to be financially free. Their families too!
$Hex I was more cautious about sharing early because it was the first of its kind and Richard's first project. (more risky)
Then it changed my life.
Most people want to be in the newest thing, and I think there's huge long lasting opportunity in #Pulse and #Pulsex.
I think even $100 can become life changing wealth in these projects. I'm so excited for this community to grow and be the leaders of the #crypto space going forward.
https://t.co/tyQE8i8y5h & https://t.co/vZIuPqXDpo news. The EBS volumes are warming up. The block explorer is 95% done synching (though it's been sitting at 95% for a good long while...) and PulseX is deployed. AMM ratio repair hasn't been run yet. Can't wait till it's public!