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Apart from maybe Coinbase, I just take as a given that every single actor in crypto is a criminal, and so far this assumption has been pretty much bang-on accurate.
The entire concept of crypto "value" rests upon the marriage of token utility and economic value. Financial gain is baked into the mechanic. And between the two, people care far more about financial gain. It's a fundamental misalignment of incentives.
The biggest lie in crypto is that tokens are bought for utility and not speculative gains. I don't know if it's delusion or intentional deception. I have friends who are "thought leaders" in the space, who opine on the disruptive potential of crypto yet spend their days tweeting about the latest memecoin that just 100x'd. The entire concept of crypto "value" rests upon the marriage of token utility and economic value…
The biggest lie in crypto is that tokens are bought for utility and not speculative gains. I don't know if it's delusion or intentional deception. I have friends who are "thought leaders" in the space, who opine on the disruptive potential of crypto yet spend their days tweeting about the latest memecoin that just 100x'd. The entire concept of crypto "value" rests upon the marriage of token utility and economic value…
To be fair the same thing happens in the regular world. e.g. look at a list of the richest people in the USA and see how they made their money.
https://news.ycombinator.com/user?id=RichardHeart
https://news.ycombinator.com/threads?id=RichardHeart
https://news.ycombinator.com/item?id=27139757
RichardHeart on May 13, 2021 | prev | next [–]
Elon is still promoting Dogecoin which is also proof of work. Lots of people will be harmed when it crashes. Nearly all cryptocurrencies crash 85% every once in a while.
DonHopkins on May 13, 2021 | parent | prev | next [–]
Humor: So I'm sure your explanation of why somebody hasn't already successfully implemented practical proof of stake before is totally credible and unbiased! ;)
Not Humor: If somebody will work on it for free, do you promise to pay them in your own cryptocurrency? "Will work for stake!"
RichardHeart on May 13, 2021 | root | parent | prev | next [–]
You don't have to destroy the environment to maintain a database. There's other ways to achieve censorship resistance than waste. Blockchains are are all social consensus anyway.
DonHopkins on May 13, 2021 | root | parent | next [–]
"Do you want to develop my new cryptocurrency?" is the new "Do you want to develop an app?"
https://www.youtube.com/watch?v=jVy0JWX5XEY&ab_channel=Adult...
Edit: [You spoiled the joke by retroactively editing your post and removing your amusing disclaimer that you had a financial stake in shilling POS, and your hilarious call for programmers to help you develop your new cryptocurrency! "Dodge, dodge." That's what makes you so funny! The "Glooty" character parody is spot on.]
RichardHeart on May 13, 2021 | root | parent | next [–]
I see your joke and raise you one joke https://paywithexposure.com/ Also, you should actually watch the interview on the page you just linked. It's amazing.
DonHopkins on May 13, 2021 | root | parent | next [–]
Not a joke:
Confronting Richard Heart of HEX - SPAM KING and Crypto Scammer
https://web.archive.org/web/20201115205631/https://www.coint...
So will you again confirm what the article claims you already confirmed?
>Richard Heart was sued for spamming in 2002 under WA state law. Source:
https://www.zdnet.com/article/peacefire-org-beats-spammers-i...
>During the interview at ANON, Richard confirmed that he was one of the first people in the world to be sued for online spam, back in 2002. This shows us Richard has experience abusing unregulated markets, as he is doing with crypto these days.
Is this an accurate quote of your own words?
>When I pressed the matter and asked for a simple “yes” or “no” as to whether he, as the FOUNDER of HEX, knows who benefits from the funds sent to the “Origin Address” he flat-out said “I’m dodging your question.” Dodging the question! He proceeds to repeat “Dodge, dodge.”
https://news.ycombinator.com/item?id=29367412
DonHopkins on Nov 28, 2021 | parent | context | favorite | on: Proof of stake is incapable of producing a consens...
Speaking of POS scammers, what ever happened to Richard "Dodge Dodge" Heart, winner of the "Golden Pump Award" for "Best New Scam" for his POS get-rich-quick pyramid scheme called "HEX", who falsely claims that proof of stake is a proven successful replacement for proof of work, and who shills HEX and tries to recruit unsuspecting developers and victims here on HN and many other places, by making illegal false claims of providing CDs (certificates of deposit)?
To be fair, I'd love to hear him chime in on this discussion, and tell his side of the story, relate his exploits and prosecution as a viagra spammer, and finally answer all those unanswered questions people have asked him, to which he replied "Dodge Dodge".
Not that he's unique or special: POS shills like him are a dime a dozen. But he hangs out here and shills on HN, and has won awards for his deceptive scams (and also lost court cases too), and claims to "help people" on his web site, so I hope to hear from him again.
His real name is actually Richard J Schueler, under which he is famously known as the "Spam King", for being one of the first people in the world to be successfully sued for online spam, specifically the Viagra spam scheme that he ran from Panama (which he lost).
Richard Hart (aka "Spam King" Richard J Schueler) wins the "Golden Pump Award" for "Best New Scam" for his POS shitcoin Ponzi scheme "HEX":
https://twitter.com/JuanSGalt/status/1233242355995750400
https://www.youtube.com/watch?time_continue=857&v=tf-lJu5iDh...
Peacefire.org beats spammers in court.
https://www.zdnet.com/article/peacefire-org-beats-spammers-i...
>Free-speech group Peacefire.org wins a legal round in its fight against unsolicited e-mail, invoking Washington state's anti-spam law.
>The King County District Court in Bellevue, Wash., on Monday granted Peacefire $1,000 in damages in each of three complaints filed by Peacefire Webmaster Bennett Haselton. The small-claims suit alleged that Red Moss Media, Paulann Allison and Richard Schueler [who now operates under the pseudonum "Richard Hart"] sent unsolicited commercial messages to Haselton that bore deceptive information such as a forged return e-mail address or misleading subject line.
Confronting Richard Heart of HEX - SPAM KING and Crypto Scammer
https://web.archive.org/web/20201115205631/https://www.coint...
>During ANON Summit 2020, I participated in a “fireside chat” with Richard Heart, founder of HEX. HEX is one of the most sophisticated, if not THE most sophisticated scams I have ever seen.
>Why was I so aggressive with Richard? I have a lot of experience fighting with scammers, at events, and in online discussions. I’m familiar with their bullshit techniques. Richard is the sort of “master debater” who will answer a question without actually answering the content of the question. I watched more than 6 hours of his previous talks and learned how to tell when he was trying to avoid a real answer.
>If you don't want to sit through hours of interviews yourself, this 4 minute video not only sheds light on Heart's motivation for establishing HEX, but also shows just how abrasive and crude he can be. This video was not created or edited by Cointelligence.
https://www.youtube.com/watch?v=_MIdlXHedlU
>I want to draw your attention to the quote in the video above: "What am I going to make more money doing? Promoting my token, that I own a whole ton of? Or promoting bitcoin, where I own one-one zillionth of the available supply?" He's clearly in this to make money for himself in any way possible. [...]
>When asked why HEX was not categorized as a security, at around the 21 minute mark, Richard offered an explanation that has no legal grounding. On the website, HEX claims that it is "The first high interest blockchain certificate of deposit." However, HEX has no legal authority to issue CDs. Richard is illegally claiming to provide CDs when in fact the instruments are nothing but glorified savings accounts.
More quotes: "What's up now, fggot? What are you going to do now, you little btch? Get the fuck out of here! That's the dumbest piece of shit I've ever seen in my fucking life. [...] Let me give you some more bullshit, ok?" -Richard Heart aka Richard J Schueler
Richard Heart - Spam, ICOs, and Death Threats
https://imnotdead.co.uk/blog/richard-heart
Richard James Schueler - Friggin Spam King
https://web.archive.org/web/20190416235350/http://www.panama...
Why HEX is a Ponzi and not a solid investment (Part 2): Richard Heart
https://www.reddit.com/r/CryptoCurrency/comments/kwhjxa/why_...
>During the interview at ANON, Richard confirmed that he was one of the first people in the world to be sued for online spam, back in 2002. This shows us Richard has experience abusing unregulated markets, as he is doing with crypto these days.
Richard: this an accurate quote of your own words?
>When I pressed the matter and asked for a simple “yes” or “no” as to whether he, as the FOUNDER of HEX, knows who benefits from the funds sent to the “Origin Address” he flat-out said “I’m dodging your question.” Dodging the question! He proceeds to repeat “Dodge, dodge.”
Richard, your tag-line "Do you want to develop my new cryptocurrency?" is the new "Do you want to develop an app?"
https://www.youtube.com/watch?v=jVy0JWX5XEY&ab_channel=Adult...
"Dodge, dodge." -Richard Heart aka Richard J Schueler
The biggest lie in crypto is that tokens are bought for utility and not speculative gains. I don't know if it's delusion or intentional deception. I have friends who are "thought leaders" in the space, who opine on the disruptive potential of crypto yet spend their days tweeting about the latest memecoin that just 100x'd. The entire concept of crypto "value" rests upon the marriage of token utility and economic value…
To be fair the same thing happens in the regular world. e.g. look at a list of the richest people in the USA and see how they made their money.