@hexfireio@TantoNomini @Brian52562710 @yourfriendSOMMI It's really the same either way.
The price chart can obscure gains and add marketing friction, but a core passionate community makes up for it.
This is also why we should promote pooled stakes more. Inflation will go into the price chart for better marketing.
@hexfireio@TantoNomini @Brian52562710 @yourfriendSOMMI Inflation too high can only hurt the short term.
With enough time, you can always become the one receiving that inflation, or (equally beneficial), a price increase.
https://t.co/FG3gVHyxEd
I hear many people saying #HEX OGs can dump on their heads forever...
When you truly understand the beauty of the HEX staking mechanism and share rate system, you don't worry about anyone having more coins than you and dumping on your head (NOTE: HEX tokens are not to be confused with HEX shares!)...
Because if you're willing to stake long enough, you will catch up to them all by mining your share of the supply yourself. Period... OG whales will not have #Tshares forever, that's a fact... HEX shares are deflationary. The only way any big whale can retain T-shares is by...
OPTION 1: Re-staking a bigger principal of HEX next time around and only ever selling yield. This will create a perpetual forever burning of the $HEX supply and shares in the pool + delayed inflation, therefore always making the price go higher in the long term as time goes on... Just as designed.
OPTION 2: They get rich, and dump the price for a while, but will eventually be out of tokens and shares forever, leaving YOU in front of the share pool and thus getting all of the yield (inflation) yourself... And for them to get back in and keep up with you later on, they will need to pump million$ of capital into HEX, and therefore always making the price go higher in the long term as time goes on... Just as designed.
I can see smart whales doing option 1, but many will EES halfway through their 5555 day stakes (juicy rewards for us!) and will sell everything once HEX reaches high enough price points. And then they are out. We've seen it with Bitcoin over and over again. This is chess, not checkers...
@RichardHeartWin designed HEX with decades in mind, not a 1-2 yr pump & dump. Despite what you're seeing now due to the bear market and unfortunate "circumstances" that have taken place. HEX will keep working as designed unless it is stopped.
And as long as the smart contract keeps working, then one day, a single T-share will cost millions of dollars... Mark my words... The code is inevitable and the share rate only goes up, ALWAYS.... This means that even if the price stays this low for 20 yrs, a single T-share will still keep getting more expensive the entire time while paying you more and more yield the entire time...👀
Do you understand? Mining $HEX AKA earning YIELD, gets harder and harder EVERY. SINGLE. DAY.🧠Very similar to the Bitcoin HashRate, which makes it harder and harder to mine #BTC.👑
If you can pay into a 401k or retirement fund for 20-30 years for measly returns and HUGE middlemen risk, then surely you should be able to do a 15 year HEX stake with no middlemen involved simply for a "just in case" scenario... Right?
As long as HEX can be traded for other coins in a DEX such as #PulseX and/or has fiat value, then you're literally earning money while you sleep without middlemen to steal it from you!... It's not that complicated folks. Especially if you understand #Bitcoin.😏
The biggest problem HEX has IMHO is people not being smart enough to understand it... Yet, somehow they can understand having 896 gender variations, mastering playing 1200 video games, or memorizing the lyrics to WAP by heart, along with 4800 other songs...😭
I hope you make it, friend. Thanks for reading. 🙏
@ROM_OVERRIDE To be clear, I'm saying you are right.
These are not the best kind of users, generally, unless it is their side game with a tiny percent.
@ROM_OVERRIDE Number of users is a proxy for number of moneys. And even some money units are stickier and more valuable than others.
In large numbers, metcalfe's is a good proxy metric. Statistics says bla bla.
@WilliamYork_ @AxisAlive@hexfireio @Rags2RichesFAM @DegenRoundtable OA + SD force a slow steady price decline at just the precise angle where no longs, shorts or stakes can be sufficiently profitable. OA continuously amasses staking inflation and LP fees to keep it going forever
Don't think that will happen
Probably oscillates around some ratio
@Duhawks24 The stuff you worry about almost never happens.
When bad stuff does happen, it is something unexpected, and it turns out you can handle it just fine.
Worry is a waste of time.
@TantoNomini I don't think the OA will actually do anything to hurt $eHEX.
In which case the free market still just oscillates around some ratio and stake pooling is still the optimal way to minimize value leaked to #Ethereum .
If it doesn't die, staking eventually becomes too valuable.
@BenSierraPro I believe there is a way to kill $eHEX, but I don't believe it will be done.
It certainly cannot be done by RH asking nicely when there is money on the table. He has to deploy capital.
It's better deployed pushing up good than holding down bad.
https://t.co/kOc6TV3v2k
OA for down pressure on $eHEX.
Sac Daddy for upward pressure.
Now the perfect steady decline on $eHEX can just precisely outpace yield to kill it forever if desired.
Would the OA hold the $PLS price back to keep fees low?
I don't know.
Perhaps RH is among those who "care more about efficient systems than they do maximizing personal profit."
Something else for people to ponder. I really like pulsechain and I hope it does an amazing amount of X's this cycle but if I were the founder I might regulate how many X's it does if I want gas to continue being cheap on my chain. Hex has no such limitations. Food for thought.
E.g., if end stake gas fees get too high on #PulseChain, a large whale regularly swapping $PLS for $HEX could counteract the force of users swapping $HEX for $PLS to pay fees.
(In practice, hex stakers would probably get $PLS from LP bonded more available $COM, but same idea)