Richard Heart’s $HEX for the Financially Illiterate
The very first thing off the HEX website is a statement designed to entice an expectation of profit.
Also directly from the HEX.win website is a YouTube video titled “HEX is the Opportunity of a Lifetime. Designed to do over 10,000x returns in under 2.5 years.”
Phrases such as these are carefully designed to entice the financially illiterate. The SEC (Securities and Exchange Commission) designed an educational website as a tool to alert investors to possible fraud involving digital assets like ICOs. The fake ‘red flags’ that the SEC put on their parody website howeycoins looks very similar to Richard’s HEX.WIN .
A Ponzi scheme is an investment scam that involves the payment of purported returns to existing investors from funds contributed by new investors.
Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk.
In the case of HEX, it is designed to increase in Richard Schueler’s value faster than anything else in history.
Or perhaps, like Richard Heart Schueler so carefully explains; HEX is more like a cancer than anything else.
“You have to be like a bacteria and compete for the same resources that those things feed on and then starve them of those resources” — Richard Schueler
One of the most iconic memes; Carlos Matos of Bitconnect. The cryptocurrency version of Bernard Madoff. Richard is obviously a big fan.
How do you get investors to buy a shitcoin with no value? Simple.. have popular social media influencers shill it for a financial incentive. Then use that buzz to convince potential investors that the project is designed to pump based on a referral structure.
The bonus and referral schemes seem to have been articulated to obfuscate the premise that the entire platform has been cunningly designed to make one man very wealthy indeed. The 20% referral structure is also an incentive for influencers to convince investors into buying HEX because they get a free gift of 20% of that very purchase. If you spend $1,000 to get HEX through an affiliate link then that person who owns the link gets $200. It is such a great deal (for snake-oil salesmen alike) that most people who shill HEX never actually bought it themselves. This is like selling placebos in place of cancer treating drugs to cancer patients for a 20% bonus. Maybe you need to have zero empathy for others to sell them something you wouldn’t buy yourself.
Trevon James, a hired Bitconnect shill, also now promotes HEX
The SEC subpoenaed him to face charges while Bitconnect faces a class action lawsuit.
Trevon, among many others, started focusing their video efforts around marketing HEX for Richard.
Trevon owns EtherHex.win, an affiliate link
We can inspect the redirect using services found at redirect-checker.org
0x24b23bb643082026227e945c7833b81426057b10
Status: 301 Moved Permanently
Location: https://hex.win/?r=0x24B23bB643082026227e945C7833B81426057b10
Trevon makes 20% off what ever he convinces you to buy off of Richard Heart Schueler. There is growing speculation that Richard paid Trevon additional monies from the HEX contract directly (in $Eth) to promote Richard’s HEX project. This could also be Richard preparing to artificially inflate the volume and price with his own money since it is free to do so and there many people tuning into Trevon’s channel may speculate on such activity as real organic growth.
Why would Trevon continue to do what landed in him court prior HEX is beyond me.
But what about an SEC Cease and Desist order against Richard Schueler? Not like it would matter after collecting millions to of investor funds to your own personal wallet.
“Great! Then I’ll cease and desist” — Richard Schueler
But what about prison? Surely Richard fears prison?
“Nobody goes to jail in crypto” — Richard Schueler
What about angry investors? Surely they will (legally) go after Richard? That depends on when investors become angry. Most will be asleep during the staking phase. Imagine staking 5 years and then telling your family those years that you invested their future into Richard Schueler’s pockets. Even worse, imagine trying to convince somebody after the fact they made a mistake; a nearly impossible task due to sunk cost fallacy.
Now imagine not just 5 years, but 15 years.
15 years is a lifetime in crypto!
On the assumption that the above tweet is real and RichyRichCrypto waits 5 years for his HEX to mature and end stake. Where will Richard Schueler be then? Will he continue to live stream for the next 5 years? What will happen to price if nobody is is on podcasts talking about fake Satoshi for 7 hours a day? What about 15 years? Where will Richard be then?
15 years? Bitcoin came into existence in 2009 — that’s only 11 years. You not only have to bank on HEX, but Ethereum and also cryptocurrency as a whole because its not just about some candlesticks and moving averages when you look at a 15 year road map.
Does Richard plan to market and promote HEX to keep the buzz flowing and the price up for the next 15 years? Or does he just walk away and hope everybody else shills it for their 20% cut? What will the price be when stakes end be it a year, 5 years or 15 years? If there is no demand there are no buyers for future sellers. This project relies on the ability of others to market it. When the buzz wears off then so will investor speculation and price support.
The good news (for rekt HEX plebs) is that Richard might have hired somebody to wear his shoes for the years to come.
The bad news (for rekt HEX plebs) is that at the time of this writing Paul Hughes decided to quit promoting HEX through StakeHEX due to ‘possible price manipulation’.
The business address listed for StakeHEX LLC is coincidentally the same one UPS uses (Doh!)
So it would seem Paul (unlike other HEX team members) knew enough to hire a lawyer to open a business and register a domain to a UPS PO Box postal address. That’s a neat trick to remain anonymous.
On the StakeHEX website we see Paul chose to remain unaffiliated to the HEX project (plausible deniability?)
Here we see Paul has setup StakeHEX as an unofficial affiliate partner for HEX. Yet we know it is official since Richard listed Paul as Richard’s HEX Analyst.
The compensation is 20% of whatever you buy using their referral link to hex.win. That is 20% before whatever else Richard Schueler and Paul Hughes have agreed upon behind closed doors.
When you look under the hood it starts to look interesting. Take point #2 below as it suggests possible wash trading through Origin and Flush addresses. Why write all that out? Was it necessary to fine print these sort of potentials around vaporware and wash trading?
Richard Heart does not want to give HEX investors any ‘expectations’ in fear of breaching SEC compliance (as Richard puts it). However this does not stop the average Joe from providing (bad) financial advice. These average Joes can be hired off freelance websites such as Fiverr. If you promise these Joes HEX instead of fiat or legitimate cryptocurrencies then it is in a sense free marketing. Even so, many will do it for free (for just their 20% referral bonus).
Amiris Brown for example. She goes by node_nonce on Telegram. You can find her popping up in YouTube live streams promoting HEX. She has been accused by many as being an internet panhandler. She claims to be homeless and unable to work. I find it commendable for somebody who is without home and job to find a way to get online and blog to the world about how she minted her own hex.
But I’m sure she and others like her mean well when they tell you HEX is the best thing since sliced bread.
She also shows up on forums claiming to be part of an international team working on an Ethereum app project which is quite interesting post for a homeless crypto hodler.
This is because she links to StakeHEX LLC.
Also a participant of StakeHEX is Kyle, who is also an Analyst for HEX.
His resume is verifiable but what I find interesting is the lack of HEX anywhere on his public profile. He is busy programming DAPPS for HEX to onboard new users and even wrote a HEX guide for non-technical people but for some reason is too shy to reveal to the public he is associated to HEX. Even his twitter account @rapidprototripe is scrubbed of any keywords HEX or RICHARDHEARTWIN.
Kyle does show up in the depths of Telegram (where chat history can be deleted).
He quit his job at Netifi in September of 2019. Based on his Linkedin he is unemployed. Based on HEX.WIN website — he is employed.
This entire project relies heavily on the premise that future investors exist. With future investors comes 20% of the HEX they mint for those that help market HEX for future investors. If new investors dry up then those that market it will find new referral-based scam coins to promote to make better use of their time. This is essentially a house of cards based on a single-layer marketing scheme as its foundation. Like an MLM but with only 1 tier in the pyramid.
All of this marketing is designed to pump HEX. HEX is designed to pump Richard Schueler’s pockets. So ideally Richard, if motivated by greed, will want the maximum adoption in the quickest time possible.
This brings us to FOMO (Fear Of Missing Out). Because with the right wording you can make subliminal messaging you can have readers reading into hidden suggestions. FOMO is a pervasive apprehension that others might be having rewarding experiences from which one is absent. This social anxiety is characterized by a desire to stay continually connected with what others are doing. Take this tweet for example and note the carefully chosen wording a day before launch (Dec 2nd 2019). If I didn’t know any better I might think Richard wanted everybody to buy at launch time.
And after launch (Dec 2nd 2019)?
Why does Richard want to be the next Tony Robbins or Aubrey de Grey? The next popstar in Sens.org or anti-aging in general?
“You can get rich doing it” — Richard Schueler
Before it was named HEX it was BitcoinHEX and CFDTOKEN before that. CFD was to be a new coin where Proof-of-Work was to be a scientific approach to solving fluid dynamic problems. Richard, who was leading the project which was eventually deemed too difficult and too much time required to see it through. This led Richard to switch to an ERC20 Ethereum-based smart contract. That too proved too difficult so a bunch of plans were scrapped to create BitcoinHEX. That upset a lot of people in the crypto space being it was an Ethereum based token with the Bitcoin name attached. So it got renamed to HEX; a token with no real technical innovations.
More about some of the awesome team members that makes up HEX. Do keep in mind that the word going around is that these bios were hand written by Richard himself.
David Brown (CEO based out of Helsinki, Finland) vanishes from the project without even a tweet from Richard Heart Schueler.
Kieran Mesquita (former CTO and lead developer)
Both David and Kieran no longer work for the project. New team members were sourced by Richard to make the current roster for HEX token as we know it today.
Cody Lamson (Developer) seems to have left the project in September 2018.
Brent Morrissey (Marketing Executive)
Brent shows up as a former lead singer for a band out of Helsinki, Finland and then later as a T-Shirt salesman. Who do you think made all those HEX t-shirts Richard Heart Schueler wears on his crypto podcasts?
Out of all the people working for HEX, Brent appears to be the only one Richard pays. Yet nobody knows what he does and being a Marketing Executive is kind of strange when you factor in Richard’s extensive history in brand marketing.
David Wilson (Evangelist). Davis shills his HEX affiliate link on YouTube. Other than that, nobody knows what he does. And what exactly is an evangelist?
Louis. D (Director of Operations) has no other information online to support the claim he even exists.
Published at Fri, 14 Feb 2020 11:32:08 +0000