Playing to Win - 068 - Spotting Scams & Cult Members That Shill Them...

00:00:00.000 all right what is up my brothers

00:00:05.840 be talking about spotting scams and the cult members that shill them and there's going to

00:00:13.880 be some discussion around cryptocurrency in this so it's probably going to take me a little longer

00:00:21.400 to get through all this material i was it was brought to my attention a few days ago that there

00:00:27.840 was a video made and is basically targeted to my audience i'm going to show you the video and

00:00:35.300 it's really just a shill a scam and i think as a dude you need to get yourself sorted and squared

00:00:42.780 away on spotting scams i've been on this earth for quite a few decades now and i've been scammed

00:00:51.320 and i've learned how to spot scams and there's a reason why i stay away from them

00:00:55.880 um some of the smarter followers of mine have have said to me when i've met them in person

00:01:02.580 they tackle problems in life by using a filter they call what would rich do

00:01:10.080 which is somewhat flattering but i'm going to show you why you need to pay attention to this

00:01:18.080 crazy ass world and uh not be taken advantage of um where do we start oh man there's so much to go

00:01:27.300 through on this one i guess we'll start by saying hit the like button for the algorithms 0.56

00:01:31.860 and then we'll hop into this notion

00:01:35.500 so one thing i noticed when i was doing my research because

00:01:40.740 if i put out a video i'll you know if i want to talk about a topic i'll go deep on it before i even

00:01:48.420 present anything um i don't do that on other social media twitter i'll just whatever somebody 0.63

00:01:53.800 sends me something share it on the fucking thing i laugh at it whatever but something like this i 0.96

00:01:59.440 always want to make sure that i'm providing the best value possible because that's what you guys have 0.95

00:02:03.700 come to know me for so one of the common things that i've noticed as i was going through all this

00:02:09.840 material and i spent hours at it it was so fucking painful dudes is that gullible get rich fast type 0.98

00:02:16.520 of people get rich fast okay do that in quotations like these type of people all have one thing in 0.81

00:02:22.620 common they're not physically fit because in order to like there's absolutely no way that you can

00:02:28.520 shortcut to physical fitness to optimum health good blood labs strength looking good naked you know

00:02:34.480 masculinity broad shoulders and airways there's there's no fast way to get there it's it's

00:02:39.660 work it's the repetitions it's the meal planning it's the rest and then doing it all over again

00:02:44.560 for three four years before you start to see some real results 10 years before you really start to

00:02:50.760 carry something 20 30 years before it's a lifestyle right but get rich fast type of people you can spot

00:02:58.640 them easily in my opinion one of the big big big big giveaways is they're not physically fit they just

00:03:04.000 aren't because they because they they're not the type of people that want to put in the work to get

00:03:07.200 the results they're the kind of people that if they see an ad that says take this pill and you'll

00:03:12.660 lose 20 pounds in three days or rub this cream under your eye and you'll wipe away 20 years of wrinkles

00:03:17.120 those are the guys that like buy into those get rich fast type of schemes because they're the more

00:03:23.040 gullible ones i'm just gonna say it so this podcast is called playing to win and you guys have seen me

00:03:31.100 talk to quite a few interesting guests i think it's been a couple years now i've been running it

00:03:35.500 and i'm starting to do more solo shows which i i'm enjoying i'm seeing a you know like a fit to like

00:03:43.140 drop these into my regular streams and other things that i do whether it's in the car or just you know

00:03:47.820 short stuff that goes out on the other um you know platforms and panels and stuff yeah but uh anyway so

00:03:56.500 i just tweeted that out before i started the show so if you're coming in welcome let me show you what

00:04:00.840 started all this so i got a video forwarded to me and i'll put it up on the screen and share it so

00:04:08.520 you guys can also hear it so we'll offer some fair commentary on it uh share screen chrome tab

00:04:15.960 okay and share all right so let's just put this up over here

00:04:24.440 uh how do we put it up here come on

00:04:28.280 there we go he doesn't like to cooperate so i got this sent to me earlier this week

00:04:35.160 and this kid um i'm calling him a kid because he's 17 or something like that

00:04:42.520 so this kid did a uh video titled richard cooper isn't talking about this and then it follows with

00:04:47.800 pulse chain pulse x which is tied into a fellow named richard hart and a cryptocurrency called hex

00:04:55.480 the symbol is h-e-x so this guy puts out this video and somebody sends it over to me they say hey

00:05:03.460 might want to check this out and i don't usually have much time for these but i saw a young man

00:05:08.820 talking you know about something that i uh happen to know about so i checked it out i'll play it for

00:05:14.900 you now so let's go through it together um let me know if the volume's not high enough when i hit play

00:05:21.380 but in order to get through this a little bit faster actually before we can we go to his channel

00:05:27.380 here for a sec let's just see what his channel is so he has um mostly videos on a cryptocurrency called

00:05:36.340 hex and pretty much everything um accumulating wealth he's talking about this thing ten thousand

00:05:47.140 xing ten thousand five thousand x ten thousand x for this one um he's got some other videos on life

00:05:57.540 don't take profits there's one here where he said he wanted three wives you have to scroll down oh here

00:06:03.300 it is i want three wives then he has another one about being a virgin and fapping anyway so this

00:06:10.900 this video here is sent over to me and let me just zoom it in a little bit

00:06:17.460 um and the title says richard cooper isn't talking about this and it's got a thumbnail with my image

00:06:22.900 on it okay so i mean like right away i'm like okay what do we got here you know whenever somebody does

00:06:30.580 that they're they're they're basically clout chasing right like i saw this a lot of them in the mano

00:06:35.940 swamp is you put out some good videos you have a following you know so all of a sudden you now

00:06:40.660 become a target of of people that want to chase up against your cloud by using your image and your

00:06:45.540 brand and it's and it's fair game right like you know i don't really care it's it's not something that

00:06:53.220 i put as much thought into as other people it's like cool you know whatever but this is the first one

00:07:00.020 that i've seen with a guy talking about a cryptocurrency and a um a project which i'm not

00:07:04.900 a big fan of so let's just play this and see what he's got here for us hey guys i'm dedicating this

00:07:08.660 video to richard cooper's followers i want to show you guys an opportunity of a lifetime this is an

00:07:12.900 investment opportunity that will make you life changing games so right off he he's kicking off

00:07:18.420 this video is for richard cooper's followers and i have an investment opportunity that's going to

00:07:22.820 change you for a lifetime really the problem with youtube is there's it's it's completely

00:07:32.340 permissionless you know for the most part is anybody can just upload a video on on something

00:07:37.220 and deem to be an expert um generally speaking if i watch anything that's advice based like if i want

00:07:44.020 to learn about money i'm paying attention to guys like ray dalio you know that's just me though

00:07:49.700 so let's play this through

00:07:57.140 not financial advice wink wink but basically a hundred extra money

00:08:01.620 a thousand extra money and i'll i'll show you right now i'll talk about but before we talk about

00:08:04.900 that that opportunity uh i want to talk about who's richard cooper and uh what he did for me so

00:08:08.740 richard cooper is a red pill guy he was a beta pleb divorced got divorced raped and then found the red 0.97

00:08:13.060 pill found the red the red pill fucking got the programming for the red pill and became a 1.00

00:08:18.420 fucking giga chat you know he has the he has the money what do you say he called me a beta pleb 1.00

00:08:23.780 hard covered he has the fitness part covered he has the mindset uh part covered so he's a superior 0.99

00:08:27.460 man that's my three pillars for the superior man he had uh he had the fastest he had one of the

00:08:31.300 fastest growing uh businesses in canada for like multiple years he was making big bucks like in the

00:08:36.100 millions like tens and millions like tens of millions i think like 60 million dollars i'm not

00:08:39.540 sure like the correct number but he was he made big bank with his business so apparently i made big

00:08:43.940 bank with my debt relief business and made tens of millions or 60 millions um this guy knows

00:08:49.540 everything about me but then he retired gave that business to his brother he now just you know lives

00:08:55.620 life he he now helps other men uh get red pills he programs that's not what happened okay but he

00:08:59.940 drives a mclaren he's a g like he's the one who created me yes basically he's the one who programmed

00:09:04.020 me uh before i knew he's my basically my second uh father figure he's my internet father figure okay

00:09:08.500 if it wasn't for me i wouldn't be where i'm at right now like if i appreciate that i would be some 0.81

00:09:12.340 fucking 17 year old beta pleb lost in life and not knowing what to do but because of him okay so 0.95

00:09:17.700 he's you know he's fluffing me up right because he's because he's now going to use my name and brand 1.00

00:09:22.260 to show his shit to other people this kid is not fully unplugged and i'm gonna talk a little bit more 0.95

00:09:30.260 about you know the the um you know the avatar in a bit but let's just get through all this his 0.99

00:09:34.420 programming that he red-pilled me and that opened up so many doors to me uh i became a superior man like

00:09:39.220 i have all the superior programming and now i'm doing the work so he thinks he's a superior man 0.97

00:09:44.820 putting his entire nest egg into a shill coin a shit coin basically 0.94

00:09:50.340 yeah let's keep going he's gonna be bragging about this in a couple years back when i look 0.96

00:09:54.340 back at this no i won't and he's gonna know me i'll show him we're gonna look back together

00:09:57.780 and he's gonna be bragging about me that he was the man who made me who basically started nikita

00:10:01.860 russo i would never take ownership for a guy like you buddy nikita russo was look i

00:10:05.380 you program nikita russo i was the reason that he's where he's at and the man he is so thank

00:10:09.460 you richard cooper you programming for success and i'm gonna give you glory so yeah let's be

00:10:12.420 glory glory before we get started uh buy richard cooper's book if you're not red-pilled yes you 0.99

00:10:16.660 should buy the maybe sound gay or red-pilled but whatever bro like get a red-pilled motherfucker 0.97

00:10:20.180 but unplugged alpha go buy it on kindle nine bucks i bought this one it came out in december 12 2020 0.98

00:10:25.700 2020 it's a must read read this book and after start watching richard cooper's channel to get more

00:10:30.260 programmed are we we can talk to me on my discord so let's begin so people people laugh when i stream

00:10:37.860 uh like a human like a youtube video for commentary and like feedback because they're always like rich

00:10:42.340 you're loaded why don't you buy a better internet plan i literally have the fastest plan they offer

00:10:46.740 my area it's it's retarded fast okay it's just this is how it works on streamer so just roll with it 0.80

00:10:53.700 what are the investment opportunities i'm talking about i'm talking about politics and pulsing now i don't

00:10:56.740 know what level well you are guys i don't know if you guys have seen like boiler room but this guy

00:11:02.260 reminds me of um that uh character that giovanni played i got an investment opportunity of a lifetime

00:11:10.500 except for he's doing it on youtube and he's trying to sell it to my audience and he's 17. but i don't

00:11:17.700 want to make this video too long but basically pulse chain is like ethereum and pulsex is like uniswap

00:11:22.740 and what what is pulse what is uh ethereum what is possible what does you need something

00:11:26.180 ethereum is the second biggest probably it's the most actually the one is useful useful bitcoin is

00:11:30.740 useless to score value it's though but ethereum is the basically the first

00:11:37.620 the first thing a cult will do is they'll try to disqualify its competition and bitcoin is the only

00:11:45.540 one that's widely accepted um it's the number one coin for a reason institutions are already uh

00:11:53.060 putting them into etfs funds pension funds wherever they can legally around the world you know there's

00:11:58.260 some provinces states and countries that are a little further behind but for for the statement 0.98

00:12:04.260 to be made that it's a shit coin and it has no value 0.99

00:12:08.580 big red flag right there right like that's like saying uh cristiano ronaldo is a shitty football player 1.00

00:12:16.420 like he's got he's got no reason to be there you know he's a he's a shitty player he's a shit coin 0.99

00:12:26.980 the best blockchain in the world well the most used one soon paul shane will be that 0.98

00:12:31.860 so ethereum ethereum is a blockchain yeah you guys know you probably heard of it here even the

00:12:36.340 but uniswap uniswap and and paul shane is a fork of ethereum that means that richard hart

00:12:40.420 copied the ethereum code and made paul shane but it's better there's better uh tokenomics and the

00:12:45.060 reasons behind it why it's going to do so good and why i'm recommending it uniswap is a decentralized

00:12:48.980 exchange the token actually doesn't do anything it's a duplicate token remember this is a 17 year

00:12:52.260 old that's that's offering you investment advice it doesn't do anything it doesn't like uniswap token

00:12:57.300 and use the uniswap are like completely different like they don't really do anything but basically

00:13:00.980 they don't work together basically uniswap is a decentralized exchange just think of this as

00:13:03.620 coinbase on a blockchain for ethereum so that's what so paul shane is like ethereum it's a copy of

00:13:08.100 ethereum and paul sex is a copy of uniswap so we got that out of the way now before i get more into

00:13:13.140 into detail uh i think richard cooper thinks richard hart the founder of hex policy and paul sex

00:13:17.700 uh i heard some i heard in a live stream i was watching that he doesn't like richard hart

00:13:21.700 or hex i think he thinks hex is a scam or something like a ponzi scheme but he's wrong like he is wrong

00:13:26.500 so i've never called it a ponzi scheme i just said i don't trust the guy

00:13:29.940 and i i got to that point by getting scammed by a lot of people throughout my life i know how to

00:13:36.260 spot a scammer the first thing that i'll notice is they're they're not physically fit because only

00:13:39.700 physically fit people will put in the work this dude's fat right also the way he presents himself

00:13:46.180 which i'll show you in a little bit once we get through this guy's video but he's he's somebody

00:13:50.180 that just like you know set off alarm bells and red flags i'm like nope not interested in that project

00:13:54.180 no thank you all right wrong i know more about that than he does like i did more 0.93

00:13:59.860 fucking research like i'm into this shit he's the thing with uh andrew tate and like uh richard 0.94

00:14:04.260 cooper like basically successful guys who have already had a lot of money and they don't really 0.99

00:14:06.740 need to think about money is they don't pay attention to opportunities they're not as laser

00:14:09.860 focused as i am and they don't know as much as i do because i'm broke right now i only have

00:14:12.900 12.5k that i invested into this life changing opportunity 12.5k to my name my life so so he's put

00:14:18.180 twelve thousand five hundred dollars into this investment opportunity his entire life savings so he's 0.93

00:14:23.140 telling you to trust him because he's putting 100 of his net worth into a shit coin so i mean why 0.97

00:14:30.100 wouldn't you trust him he's putting his money where his mouth is right and then he goes on to say 0.95

00:14:33.860 something along the lines of rich cooper and andrew tate don't understand opportunities like this

00:14:39.620 because i'm broke and only i can spot them you think that guys with money got to having money and 0.95

00:14:46.180 increasing their wealth by being idiots making wealth takes time right and not all opportunities 0.97

00:14:53.940 are you know fast but the way that they're portraying this one it's it's ridiculously fast 1.00

00:14:59.780 like they're making claims of five or ten thousand x over the course of um 0.5 years i think was one

00:15:06.900 of the ads i'll show you uh i'll show you what that looks like so this kid who's got twelve thousand

00:15:12.980 five hundred dollars into this let's just go um oops

00:15:20.340 let's just go five thousand x let's just go conservative

00:15:25.780 right so that's uh three four that's 62 million dollars okay 62.5 million dollars so

00:15:34.020 do you really think that you're going to invest twelve thousand five hundred dollars

00:15:37.460 and in two and a half years come back with 62 62 million five hundred thousand dollars

00:15:44.580 i was listening to an audiobook this weekend on personal finance and warren buffett um you're not

00:15:51.140 gonna believe this i think he's worth eight was it 80 billion let me just double check right now

00:15:56.500 let's just find out what warren buffett is worth shall we what is warren buffett

00:16:04.100 buffett buying is the first question that they're looking for you always got to laugh at the

00:16:08.820 recommendation so he's worth 111.8 billion dollars as of 2022 and i think when he was in his 40s um if

00:16:18.900 i'm not mistaken 40 like mid 40s that um book it's called um your next five moves patrick beck david

00:16:27.460 um it's a good book i definitely recommend it i i've been talking to his crew about doing a collab so

00:16:35.140 that'll happen soon i'm sure but um he was worth about 40 million dollars and i don't know how old

00:16:42.180 is he now 85 or something like that but he turned 40 million dollars into 111 billion dollars over that

00:16:49.300 period of time that's about 45 to 55 years i'm not sure of his exact age but somewhere between 45 and 55

00:16:56.020 years so this the 17 year old's telling you telling my audience to buy this coin which is going to

00:17:03.540 turn 12 500 into 62 million 500 and that's only the 5000x estimation the other estimation that i saw

00:17:10.420 was 10 000x which would bring you up to 12 sorry 112 million that's a ton of money

00:17:18.420 so get excited right like that's the whole pitch like get excited about this i say i'm 17 almost 0.97

00:17:25.380 18 but they don't have a keen eye like don't they don't have laser fucking vision laser yes i don't 0.94

00:17:28.980 have a keen eye that's how i got this far focus and seeing spotting opportunity basically what i'm 0.94

00:17:33.700 saying is richard cooper is wrong about hex polish and pulsex and any argument he has i can destroy it

00:17:38.900 i'm right he's wrong hex and polish and pulsex is good i just wanted to make that clear maybe he

00:17:42.740 watches this he says oh hex is a scam no he's not but basically let's begin so why is polishane and

00:17:47.940 pulsex going to do so well this is the new investment opportunity this is what we got to focus on even

00:17:50.740 even if text is a thing right now you can buy hex right now which that's the part of the plan right

00:17:53.620 now so uh before we get started with notice um there on that other slide it uh indicated a apy

00:18:00.100 i think of 38 average i've seen other ads uh posted and i'll show it to you on another page in

00:18:06.180 a bit where they promised 40 apy richard hart is the founder as you probably already said but

00:18:11.380 richard hart is the founder of hex polish and pulsex go give him a watch on uh youtube that's not his

00:18:15.300 real name by the way it's something like schuler uh apparently he grew up in florida as a jehovah's

00:18:19.860 witness if i understood that correctly he has a twitter too but basically so politics and polishane

00:18:25.940 are new coins they haven't came out yet and uh it's rumored that polishane is coming out in the end

00:18:29.140 of may summer in may which is this may so in the next two weeks now polishane uh and politics are new

00:18:34.260 cryptos and they have a lot of people back in it there's a lot of people waiting for polishane like 1.00

00:18:37.540 polishane was supposed to come out nine months ago eight months ago so he's saying a lot of people

00:18:41.220 back it but the fact of the matter is that richard hart owns 88 percent of all hex tokens um sorry

00:18:49.300 i should clarify um that's that's what the uh article that summarized the entire position of heart

00:18:57.220 concluded um they don't admit who owns these um wallet addresses i've seen interviews where he's like

00:19:05.700 well i may own them or i may not own them but i'll break it down for you but there's there's somebody

00:19:10.340 that owns 88 of the hex tokens and you know you can guess who that probably is right

00:19:16.820 the sacrifice phase it's basically the sacrifice phase is basically a way for you to get in early

00:19:21.300 basically at a vc level like initial coin offering initial public offering but basically retail it was

00:19:25.620 open to everyone i got in into paul sex i miss paul shane but you can't do this anymore do not go here

00:19:29.540 do not send your money here it is over don't don't sacrifice any of your money but i just want to get 0.93

00:19:32.740 that out of the way so how many people sacrificed and basically got in paul shane and paul sex well

00:19:35.860 78 000 people wallets 78 000 mods got into paul shane 141 000 people 141 000 people got into paul

00:19:43.220 shane and paul sex so why am i saying this i'm basically stating i'm basically talking about why

00:19:47.380 uh paul says paul is going to do so well and why it's going to be a success so i just told you about

00:19:51.860 the portion has 78 000 people sacrificed for it so that's 78 000 wallets those walls can be different

00:19:56.660 from people like but there's more there's polls basically 78 000 people sacrificed and got into

00:20:01.060 paul shane 141 000 people got into paul sex so we have a big big community waiting for paul shane

00:20:06.580 paul sex so we have users and there's other things it gets better so basically we have a community

00:20:10.580 paul shane paul shane is now via empty blockchain okay we got that out of the way so out of all of

00:20:14.660 those people there's one person that owns 88 of the tokens who do you think is going to make all the 0.90

00:20:19.620 bank off this second thing so this is a test net right now uh paul says and paul sex so paul sex the

00:20:25.540 tokenomics of it they're both deflationary so all the coins that come out day one are going to be 0.50

00:20:29.060 it's going to be deflection no more new coins are going to ever come out exist you will never be

00:20:31.860 able to get one uh you're never going to be able to get uh there will never be another paul

00:20:36.180 shane token there will never be another paul sex token they're deflationary ethereum is inflationary

00:20:39.780 they have blocks that pay rewards in ethereum block rewards bitcoin is inflationary too they're not

00:20:43.940 deflation they're not a deflationary asset they're inflationary every time a block gets mined an

00:20:47.540 ethereum bitcoin new ethereum and new bitcoin comes out for paul shane it's a proof of stake system and how

00:20:52.020 validators get paid is there's transaction fees so basically whenever you do a transaction on the blockchain

00:20:55.460 you pay a gas with a native token and that native and that gas goes to the validators and they get

00:20:58.980 rewarded so there's no there's no inflation there's never there's never going to be another

00:21:01.860 pulse chain token there's never going to be another pulsex token never so that's the first 0.95

00:21:05.140 tokenomics that makes it pump the second thing is on pulsex there's a buy and burn so whenever it

00:21:09.940 generates fees the pulsex buy and burn it basically buys up the price of pulsex there's a buy that

00:21:14.100 goes into pulsex and buys up pulsex and burns pulsex so basically pulsex uh what's called supply 0.88

00:21:19.940 keeps going down and that's the that's the only thing about it that's the complemental there's

00:21:22.900 other things there's advanced things so he so he goes on to explain all the reasons why

00:21:28.580 but the fact still remains 88 of the tokens in existence because he's saying that they don't

00:21:34.100 make any more so 88 of the available inventory is basically owned by one person that doesn't

00:21:40.900 sound very decentralized to me makes it more problem problem but all success the blind burn

00:21:45.380 that buys the price of pulsex and burns it so it removes price so price pumps up and it's it's

00:21:49.540 removed so it's going to do crazy numbers that's one of the tokenomics and it's it's it's that's

00:21:53.940 the token on tokenomics so and uh so why is polishing and policies going to be widely adopted

00:21:58.420 why is it going to be so successful like even on top of this well because we have the world's

00:22:01.700 largest airdrop called well it's the world's largest airdrop so polishing is a fork of ethereum

00:22:05.860 it's a full system state for it that means the whole system the whole ethereum blockchain is

00:22:09.540 being copied over so every ethereum user on ethereum will get a copy of their coins so as you see on my

00:22:14.500 metamask if i switch to ethereum any ethereum uh coins that you hold in your metamask or in your

00:22:20.020 wallet like anything uh if you hold it in a private key in your private wallet not on your coinbase or

00:22:23.860 your whatever else but you got to hold it in your wallet personal wallet you'll get a copy everyone

00:22:28.180 every ethereum user will get a copy of uh of their copies everybody's gonna get a copy of their ethereum

00:22:33.380 assets on polishing so let's say i have 53 000 hex right here and that whenever the polishing comes out

00:22:38.900 everybody's going to get 53k hex or if you have like chain link whatever tokens you have on uh

00:22:43.060 your ethereum wallet you'll have them on your pulse chain you ever hear that saying um i think

00:22:49.460 we did it on a unplugged alpha show in the last couple weeks oakum's razor you know the concept of

00:22:56.420 you know i think it was winston churchill that said if you can't comp you know explain something

00:23:00.900 simply no it wasn't churchill it was einstein if you can't explain something simply then you don't 0.99

00:23:05.780 understand it right like uh bullshit baffles brains blah blah blah blah blah blah blah blah blah blah blah blah blah 0.99

00:23:12.020 buy the coin right let's just completely brush over the fact that the guy that set up this token 0.99

00:23:17.140 has a bit of a peppered past and somebody owns 88 of the tokens that are minted

00:23:24.660 on your policy network so if you if you hold the shiba in you if you hold chain link or any other

00:23:28.340 ethereum asset in your fucking in your own private wallet you will have them copied over to polish 0.99

00:23:31.940 right now what is this going to do this is going to bring people over because it's basically free money 0.98

00:23:34.580 there's it's there's gonna be value like oh but you're printing currency out of thin air

00:23:37.460 oh you're just copying the free coins let's not have any no okay free money money money has never

00:23:45.780 been free the only look you know when i was a kid uh canadian tires a retail store here you know the

00:23:52.980 canadian folks here watching the show will understand just think of like lowe's home depot

00:23:56.820 something like that like a hardware store sells everything tires batteries car shit whatever appliances 0.60

00:24:02.260 they used to give out this paper money it was like free money so you'd spend like i don't know

00:24:08.340 a dollar and they would give you like paper money that said five cents on it or something like that

00:24:12.420 and the vast majority of that was never used it was thrown in the garbage um you know there were

00:24:18.260 people selling it online for like 10 cents on a dollar you know so that the people that were eager

00:24:24.020 to get their hands on it they would uh they would use it and buy stuff but anything that's free

00:24:28.340 generally doesn't have any value okay so another good indication of a scam is oh you'll just freely 0.95

00:24:34.260 make free shit just you know do this sacrifice or whatever the hell it is and you'll make free 0.90

00:24:38.900 shit any value i made a video about it you can watch i'm not gonna describe it here but they're 0.98

00:24:42.500 gonna have value there's gonna be free money for everyone to come in to polish it and use it

00:24:45.780 and basically they're gonna be incentivized the whole ethereum user base which has 185 million

00:24:49.860 this is what happens guys when you go like way too far with playing to win like this kid is so

00:24:55.940 ego invested in like there's 19 500 tokens completely ignores the top 10 completely ignores number one

00:25:02.660 says it's a shit coin goes all the way down to where are we with hex what what is this on the uh 0.70

00:25:09.460 the list of tokens uh ranked 201 goes all the way down to 201 on the list and says this is the one that i 0.97

00:25:15.940 want right because this will be an easy fast way to turn 12 500 into 62 million dollars right i mean

00:25:25.460 that's what happens when you go too hard man and you don't stop to reflect you just like you just

00:25:31.460 can't put yourself in a position of exposure like this i mean look kid's 17 it's 12 500 maybe he gets

00:25:39.940 out you know it or not maybe he maybe he doesn't but it's going to be a 12 500 university tuition 0.96

00:25:47.540 i've lost money before on dumb shit you know been scammed by all kinds of stuff been scammed by people 0.99

00:25:52.580 have been scammed by corporations been scammed by uh investing advice many many times in my life 0.99

00:25:58.580 so trust me i know how to spot shit like this uh wallets individual addresses well i just don't 0.87

00:26:03.860 mean like people but because people have multiple addresses but basically the world's largest airdrop 0.91

00:26:07.060 is going to basically incentivize 185 million addresses to come over and test out paul shane to get

00:26:11.380 the free copies so we have the tokenomics we have the buying burn on paul sex and we have the burn on

00:26:16.100 paul shane so it's deflationary this if it goes down it pumps so we have that we have the world's

00:26:21.220 largest airdrop that's going to bring 185 million addresses ethereum addresses let's say 180 million

00:26:25.940 people over to paul shane because they have free coins on paul shane so we'll get adopted we'll get

00:26:29.780 more users like that over time as more people know about paul shane oh i have free money let me go to

00:26:33.300 paul shane oh what is this what is paul shane what is paul6 what is hex and they buy it so that's the

00:26:36.980 marketing and what else uh well it has lower gas fees but you know binance has lower gas fees uh

00:26:41.380 these uh like phantom has lower gas fees but our gas fees you know are cheaper than them but it's 0.55

00:26:45.860 cheap so that's the other point because and it's a fool you can always spot a cult member because

00:26:50.020 they're like our like our stuff is cheaper right like take take my pill my pill is the one to take

00:26:57.860 our pill right this is the uh what color is hex purple ish i don't know take the hex pill

00:27:05.140 system state forks so basically all the projects that are on ethereum that can't work because the gas fees

00:27:09.620 are high they can't work on polishing so more people come in it's bubble gas fees and that's

00:27:13.460 pretty much everything special about uh paul shane really like it has better tokenomics than uh

00:27:17.860 ethereum it's actually more better because it's actually decentralized i don't want to get into

00:27:21.060 that like how uh ethereum 2.0 i hate to be a language nazi but whenever i hear it's more better

00:27:27.380 i just get like whatever it could be because he's a romanian kid and english may not be his first

00:27:32.180 language but staking it's not a fixed piece it's not gonna do anything it's and it's gonna be more

00:27:36.180 centralized because we need 32 ethereum to stake it sucks polishing is way better it's basically

00:27:40.100 just think of polishing as each 2.0 but on steroids way better so i mean what else is there to talk

00:27:45.220 about told you about polishing politics if you have any questions please join the discord i talk on here

00:27:49.140 every single day 12 a.m eastern time i talk on them you can ask me questions and i can help you and you

00:27:52.980 can watch my videos and get to know more like i made a video about and again one of the hallmarks of a

00:27:57.540 cult is join my discord join my whatever it's like i remember when i was a kid and the jehovah's

00:28:03.540 witnesses were still walking around the neighborhoods knocking on doors on you know

00:28:06.900 the weekends trying to sell you you know to join their club it's you know it's the same thing like

00:28:11.300 you know these are the benefits you know come over here i'll answer your questions for free i'm

00:28:14.420 a good guy blah blah blah blah oh let me just go look i mean it's somewhere around here where's

00:28:20.100 it where's it what is paul shane easy 10 000 x what is uh pulse x incoming 10 000 x incoming

00:28:25.060 but hex what is hex hex is a cd i don't want to talk about hex like what it is i made a video about it

00:28:29.300 well i haven't actually made a video about it but basically hex did a 10 000 x if you bought from the

00:28:32.500 old time bottom yes if you bought from the old time bottom in 1.6 years you would have got a 10 000

00:28:36.340 x that means if you put one dollar in you would get a ten thousand dollars back easily if you

00:28:40.820 bought right here you would get like a thousand x like i mean a two thousand x from if you just

00:28:43.700 bought here if you accumulated your shit here if you got it early you would have got two thousand x uh 0.88

00:28:46.740 if you got in here i think it would be like 120x uh i'm not sure we can actually do the math 0.96

00:28:52.260 you would get a 506 uh 560x if you bought here so it did well this is but i don't want to like

00:28:57.620 get it make this video any longer it's already 15 minutes but what did i talk about i talked about why

00:29:01.220 pulsex sounds pretty impressive eh he's got the chart to prove it we'll have a user base at

00:29:05.940 launch because people sacrifice for it you can't sacrifice for it by the way by the way so don't

00:29:08.660 sacrifice you'll lose your money so we're gonna have a user base because people sacrifice for it

00:29:13.300 and you see the numbers 141k people sacrifice for pulsex so we have a user base we have the tokenomics

00:29:18.020 to pump where we have the buying burn on pulsex we have uh burn on pulse chain which means supply

00:29:23.300 goes down and for pulsex it burns up and actually it burns up and buys up the price so it pumps pulsex like

00:29:27.140 the pulsex system pumps itself up so we have those tokenomics and third we have uh the world's 0.98

00:29:31.460 larger terror job that's going to be the whole marketing shtick behind policy like oh come get

00:29:34.260 your free money out of pollution you gotta use it ethereum users come over use paulshane we'll get

00:29:37.700 it like we'll get more people like that and it has lower fees which is always enticing and that's

00:29:42.180 basically it i mean there's really nothing else like uh i don't know about like i don't know

00:29:45.460 richard cooper's portfolio not portfolio uh like i know he holds bitcoin and uh he like stakes on celsius

00:29:51.140 and like he's a little bit of a crypto newbie like i know more than him but like i know more

00:29:56.820 than him i don't know what his portfolio is

00:30:03.700 i don't know like if richard gotta love kids man they're so innocent i don't know how much where

00:30:06.580 i was getting at is i don't know richard cooper's like net worth i don't know how much coins he holds

00:30:09.540 i don't know like what's his net worth like how much is the person worth how much is richard

00:30:12.580 cooper worth like look unless you have to publicly declare it like a guy like warren buffett you 0.94

00:30:17.620 shouldn't you should never declare your net worth publicly that's just a stupid move how's his 0.62

00:30:22.420 investment portfolio worth i don't know how much that is but if it's anything under 50 million dollars 0.95

00:30:26.980 60 million dollars 80 million dollars uh in the next five years in the next five years uh crazy numbers

00:30:34.180 like this is going to crazy i'm going to be worth millions and millions of dollars if it succeeds

00:30:37.620 which it should so if richard cooper doesn't take this opportunity i'm probably going to be worth more

00:30:41.060 than the guy so i don't know what's going on here with that chart but actually before i switch over 0.58

00:30:46.500 let me just play to the end because there's another minute wait fucking less money you can 0.92

00:30:48.900 like mug the shot of me if he puts his amount of money richard cooper has more money than me 0.97

00:30:51.460 a thousand times more money than me i only have 12.5k in my name which i sacrificed all into

00:30:55.460 paul sex and liquid loans another thing on uh paul shane that's coming out but uh i don't know

00:31:00.020 let's see but uh this is going to do very awesome doesn't show you the whole chart i'm going to show

00:31:03.780 you the whole chart in a minute success story i'm going to look back at this video and hopefully richard

00:31:06.500 cooper and hopefully you guys who follow richard cooper are not aware of this opportunity so you're

00:31:09.460 welcome but yeah there's really nothing else to talk about so thank you for watching

00:31:12.420 richard cooper is one of my father figures this is the man that redpilled me and led me down the rabbit hole

00:31:14.980 okay all right that's enough he's just trying to pay some homage which is fine

00:31:22.900 and you know by the way guys i'm not doing this as a hit video i'm just i'm breaking something down

00:31:27.780 okay this is this is this is fair commentary on something that's relevant to what i deal with

00:31:33.220 because i'm the chase excellence guy i'm the do the work guy put in the reps right um so let's share

00:31:40.180 stop screen and let's pull up the hex chart to see where they're at because he didn't show you

00:31:47.140 he didn't give you a fair representation of hex by showing you that chart

00:31:54.340 all right let's see if we can make this a little bigger for the screen

00:31:59.220 come on screen cooperate there you go

00:32:01.540 okay so this is so on coin market oh well it's gone up 106 coins since i looked at this last

00:32:11.140 number of cryptos this last time i looked was 19 500 and now there's 19 606. so and in the last few

00:32:19.300 days a bunch of people made 106 new crypto currencies that's that's how common this is

00:32:25.940 okay so this is the full chart on hex it started over here if you're one of these people that got

00:32:33.700 in over here good for you good for you over here there's a big buying bump another big buying bump

00:32:38.500 another big buying bump these are all the early adopters okay um there's there's 88 of the tokens

00:32:45.540 held by one individual purportedly which means all of these big buying bumps over here in the early phases

00:32:52.180 prices probably amount to another five percent of all the tokens and they're probably buddies

00:32:57.380 of whoever you know created this whole thing some people call this a rug pull they call it a pump and

00:33:02.740 dump and then here's a chart right so you're basically saying oh you can make a 10 000x yeah

00:33:07.940 if you measure from here to here which was in september of 2021 if you're one of these guys good for you

00:33:14.580 you know you probably turned 12 500 into 62 million dollars if you were one of these early adopters

00:33:21.940 over here but look at the trend of this chart since then since 2021 it's just gone in the toilet man

00:33:28.660 it's worth seven cents everybody that i talked to that's been all you know up and on you know up and

00:33:34.660 up about hex to me has been complaining to me the last uh little while the um the guy that was filming my

00:33:42.180 um uh hero's trip so the highlight reel that you saw on my channel in the last couple weeks um the 0.99

00:33:48.500 one percent hero's trip um he was just going on and on about it right i hate it stupid i can't 0.91

00:33:55.620 believe i fell for it right so this is where some people are now that bought up in the hype right this 0.86

00:34:00.820 is where most of the buying happened like look at these buying uh pyramids over here look at them all

00:34:06.980 there's one over here there's a big one over here there's a big buying pyramid over here

00:34:11.380 there's a couple over here you know at this time these are all people that like bought into the

00:34:16.260 idea that you buy this stuff and you stake it for 38 or 40 and sacrifice it and lock it up and all this

00:34:21.940 shit and i'll explain how it works in a minute but all these people like these guys over here did okay 0.63

00:34:27.540 if they got out these these buyers over here because the price is going up so i know these are buyers 0.99

00:34:32.500 you know these are not sellers okay all these buyers over here these are all the people that got

00:34:36.980 fucked because look at the price of the token now so i don't i don't know what the lockup period is 0.89

00:34:43.140 if it's a year or two or whatever the hell it happens to be and you know what you lose to unlock 0.97

00:34:46.820 early but there's clearly a locking period based on the way that it's been explained

00:34:52.260 anyway so you don't get the whole chart from this young fella

00:34:56.580 um so that's the end of it he just basically goes on to say you know he really likes my content

00:35:00.660 and i've changed his life and all that sort of stuff but

00:35:05.060 you know like everybody takes everybody interprets what i talk about in their own way

00:35:10.980 and like i feel somewhat responsible for this kid because he's watched so much of my 0.84

00:35:17.140 shit and he's like i owe my success to him and and his big idea of success is putting his life savings 0.97

00:35:22.980 which isn't a lot i mean that's at 17 like who cares twelve thousand five hundred dollars he'll make 0.99

00:35:26.980 that back in no time you know if you lose it but it'll but it'll it's gonna hurt right like

00:35:32.420 i know what it costs for me when i was a teenager when i was his age i had a

00:35:37.380 zuzuki katana 600 motorcycle i had my own car i was paying for insurance on them i had my own job

00:35:43.540 and i was going to school and i was hanging out with friends so basically my entire world would have

00:35:49.780 would have collapsed all my savings all my toys you know would have just been like poof see you later bye

00:35:54.980 it so i don't know um got jimbo in the chat saying i think i almost got into hex didn't end up going

00:36:04.020 into it thankfully and this kid is literally telling everyone they can easily get rich without

00:36:09.220 developing any skills or producing nothing it's literally crazy yeah like i'm not the only one that

00:36:16.180 sees that again you know if you're one of these guys down over here and these buying bumps

00:36:21.220 right back up on the screen this buying bump this buying bump this buying bump over here this big

00:36:27.540 buying pyramid over here if you're one of these guys and you got out over here good for you

00:36:32.980 you know congratulations you timed it right but all of these people during this time over here that

00:36:39.380 are seeing these videos trying to trying to recruit noobs because that's what the video really is he's

00:36:44.740 trying to recruit noobs you know people that are in my audience that see my name in the title with my image

00:36:51.780 to go check out what he has to say promising you know 5000x 10 000x so i take offense to that right

00:37:00.580 like i said before there's you know there's no shortcut to success there's only work every

00:37:04.580 everybody that you could point to that you'd call an overnight success i guarantee there's 10 20 maybe even

00:37:11.300 30 years of work behind that success that you only see today right you don't see all the mistakes

00:37:16.980 along the way you don't see the the the scars the cuts the sleepless nights you know the lawyers you

00:37:22.820 don't see any of that and a 17 year old kid who's only walked this planet for 17 years 17 years is going

00:37:29.700 to dispense legitimate advice on how to make money again not i'm not hating on the guy it's like dude

00:37:37.220 the hustle is impressive but apply all of that energy somewhere else you'll be far better off

00:37:46.020 all right so let's remove this over here and throw in this article so i had to watch a lot 0.53

00:37:52.020 of shit guys i'm gonna be honest to get to get to all this information but i took offense to 0.95

00:37:58.900 you know targeting my audience to try to you know show them your 0.99

00:38:02.740 bullshit so let me throw this up on the screen and i try to be fair in all my assessments right 0.99

00:38:09.300 like i'm going through youtube i'm going through google searches and i'm looking for people that 0.98

00:38:13.540 are promoting it and i'm looking for people that are breaking it down basically if you put something

00:38:19.460 and then scam after it you'll find you know your detractors and if you just put the item there

00:38:24.740 you're usually going to find mostly promoters right so this is probably the best summary that i came across

00:38:31.540 i didn't find any promoters that were worth um putting up on the screen in front of you because

00:38:36.580 they all pretty much talk and act like this 17 year old kid um who invested his life savings into

00:38:42.580 this sort of thing um there's there's not a lot of difference but when you go on the other side of

00:38:47.380 the equation and everybody's got fans and everybody's got haters right like i do too but on the other side

00:38:52.260 of the equation you know i found out this guy runs like a youtube channel um his past is a little

00:38:57.620 bit peppered i'll get into that a little bit as well uh sketchy ish and um on his on his cast he's

00:39:04.340 he's surrounded himself with um i don't know how to describe it aside from pomp and circumstance

00:39:10.660 right which is an old british term and he's got these like two towers behind him with watches in

00:39:16.180 them they're like probably somewhere averaging around half mil plus um i'm not a watch guy so i mean

00:39:22.900 you'll never see me wear a watch watch i'm not i'm not that into them but um just spinning around

00:39:30.420 behind him like this on a carousel um you know with a whole pomp and circumstance and he's and 0.99

00:39:36.020 he's going on about how big his dick is all the time um so anyway let's throw this thing up on the 0.98

00:39:43.220 screen share screen window all right so let's go here to the brilliant scam apparently um so if you 0.98

00:39:54.660 just google search richard hart's hex token is a brilliant scam you'll you'll find this article

00:39:58.180 it's on onefly.com let me just go down to the tldr for those of you that don't have the patience to

00:40:03.300 um hear me go through this and offer the feedback because there's a summary right at

00:40:06.980 the bottom over here holy there's a lot of comments

00:40:09.060 really this many people um where the hell oh they're still commenting holy smokes

00:40:20.180 i'm sure my comments will be lit up with this one today i want to say something about this

00:40:28.180 okay buddy holy freaking what is going on with these comments here there's a tldr at the bottom

00:40:34.500 okay there it is ryan tldr main points uh founder pat so point number one founders past involved many

00:40:45.460 shady ventures poor reputation crypto community point two uses uh semantics and deception to 0.99

00:40:51.300 sidestep legal requirements for the selling of securities so this guy's smart and he's stupid at 0.98

00:40:56.660 the same time um i think when i clicked his twitter if i'm not mistaken he has his um iq in there usually 0.89

00:41:04.660 whenever you see somebody post i have an iq of 145 that like those i'm telling you those people are

00:41:10.340 insufferable they're insane to be around um uses semantics okay so he's so he structured this in such

00:41:17.460 a way and i'll show you here that it that it appears to sidestep um many requirements and takes

00:41:24.740 advantage of many loopholes again another big red flag uh number three purported interest returns are

00:41:31.060 a loser excuse me loser took excuse me hang on a second tokens are just minted without revenue

00:41:43.860 generation number four entire value prop is onboarding new users to drive up token price ie shilling now 0.92

00:41:51.700 that video that you just saw was an example of what that is right that's that like you'll see

00:41:57.780 loads and loads of that you know people on the street talking to each other you'll find it on

00:42:01.460 tick tock you'll find it on social media what they do is they mobilize the users of this product to try

00:42:07.380 to recruit more persuadables to to to put more money to drive up the token price right because they

00:42:12.260 don't make any new tokens according to this kid so if you don't make any more tokens and it and it reaches

00:42:18.260 uh capacity then you know the more users come on will always drive up the price i mean it's one of

00:42:23.140 the inherent um benefits of bitcoin is it's capped at 21 million right yeah 21 million so number five

00:42:31.780 goes on to say not a technical ponzi from outdated legal standards so technically not defined as but

00:42:38.260 three and four make it effective ponzi since if a product does not produce revenues but is paying

00:42:42.660 at returns then the money can only come from other investors so i suspect when enough people start

00:42:50.420 complaining to attorney generals um state federal level type of policy makers and lawmakers in the us

00:42:57.460 especially this is when um this project or whatever it happens to represent is going to have a problem

00:43:04.900 until then it's going to keep sailing right uh number six incredibly vast marketing efforts worth

00:43:10.260 millions of dollars to keep the scheme alive and i know i have friends of mine that are watching

00:43:14.420 this that are like dude i have hacks what the hell you doing rich it's like i've told them you know 0.67

00:43:18.660 from the get-go right like be careful number seven founder controls 88 of the entire token supply

00:43:25.460 and needs millions of new entrants to dump it all so this is what i was talking about before so let's

00:43:29.860 get in all the details on this because i mean the article part of this is not as long as the discussion

00:43:34.180 but i guess that's what people like to do on the internet is they like to argue with each other on

00:43:38.020 on forums right all right oh we got we got our uh we got our uh content creator here in the the chat

00:43:51.060 he says uh he's the guy that made that video just woke up and saw this and knew what it's all about

00:43:54.900 charlie mcgill are heavily invested in richard heart you should get their opinion on it i don't really

00:43:59.380 care dude um i know charlie and mcgill and honestly um i know enough when i spot a shill and a

00:44:07.620 scam and a cult just to not touch it but you went out and you use my good name my brand to try to sell

00:44:15.060 people this so i'm explaining to people why you need to be careful with shills and scams and what

00:44:20.420 they look like it's a playing to win concept you might learn something today my friend pay attention

00:44:25.860 i don't have hex or pulse yet charlie mcgill are big into that project and richard hart just left yi

00:44:30.740 again i don't care anyway so let's go through this article uh is hex a scam is hex crypto a pyramid scheme

00:44:36.740 is hex crypto ponzi scheme we answer these questions through an in-depth discussion of

00:44:40.980 this controversial cryptocurrency token for starters it's not a legitimate investment

00:44:45.460 product the hex.com token should go down in the crypto textbooks as one of the greatest

00:44:49.620 cryptocurrency scans in the history because it is heavily marketed with a huge shilling army 0.57

00:44:53.940 as we just saw an example of has a high interest rate hook to draw investors in and its main product

00:44:59.780 feature is to create resistance to getting out of it because they lock your in and if you try to unlock

00:45:04.420 it there's a penalty right 99 of cryptocurrencies are a scam i would i would agree with that because

00:45:09.300 there's what is there there's 19 600 and was it 19 605 let's go actually let's go 99.9 percent

00:45:20.980 and that brings you to 19 584. wow actually hang on let me just double check that math because that

00:45:28.180 doesn't seem to add up that is a big ass number i thought that was wrong but that means that 0.62

00:45:39.140 there's there's potentially no no this is not adding up

00:45:43.540 let's just let's just say that 99 plus right 99 plus

00:46:02.420 yeah it's going to leave you with about 200 as legit

00:46:06.980 200 legit projects so the so the chances of you winning on this and rolling the dice

00:46:15.540 with a win is exceptionally small like those are not good odds i mean the odds of of winning at this

00:46:22.900 is probably better than winning at the lottery right if we're being honest um so it's a so it's a

00:46:29.700 better gamble and since they have an army shilling recruiting new persuadables to put their money into

00:46:36.100 this to drive up the price on something that has a limited supply that's where that's where the

00:46:40.500 value is built okay so is it does it have some legitimacy yeah i think it's i think it's structured 0.99

00:46:47.940 very carefully actually um like i said the guy that created this is brilliant and stupid at the same time 0.95

00:46:55.220 um blah blah blah most most cryptocurrency sell themselves to average crypto speculators as being 0.88

00:47:02.500 some utility token for an ecosystem that has is going to be the next great thing which it never pans out

00:47:07.540 to be these buyers are generally aware that they are gambling and that is fine if they accept that

00:47:12.340 like i said it's you know it's like a gamble um there was this uh there was a stock very similar to

00:47:20.740 the way this product was um pushed out to audiences um there's a diamond mine that i bought

00:47:28.340 97 98 which was you know it's got the biggest reserves the best funding the better the better

00:47:37.940 equipment blah blah blah penny stock you know you could buy it for cents on a dollar like two or three

00:47:42.980 cents at the time it was like a fraction tiny tiny tiny and um you know it brought in a lot of money

00:47:48.820 it was a pump and then it was a dump the people that got in early made all the money and everybody

00:47:52.340 else that piled in later lost out i was one of the lose out guys right anyway uh hex is different

00:47:58.020 because it's it's different yeah they always they always have differences to make it work hex is

00:48:02.260 different because they are being sold as an investment furnishing returns uses banking

00:48:06.660 terminology and it's heavily marketed to the masses who haven't gotten into crypto yet who don't know

00:48:10.500 what to watch out for that's a key point of this because everybody that i've heard promoting this

00:48:17.300 is promoting it directly to that demographic just trust me i'm i'm putting my life savings into this

00:48:23.700 this is this is not going to backfire look at these returns if you got in here and got in here

00:48:27.780 you'd get 10 000x right it's the only cryptocurrency that i've ever heard of to use ads to market in

00:48:33.300 magazines buses taxi physical mail hold shady airport seminars and use tv to try to bring the

00:48:38.900 whole new class of victims outside the regular cryptocurrency speculators examples will follow

00:48:44.260 all right uh let's go back to big screen here that's just the index so this is one of the rads over

00:48:50.740 here um hex stakes average 40 interest in the year first blockchain blah blah blah okay so it's a

00:48:57.300 token on the ethereum network executed by a smart contract that the website advertises itself as a

00:49:01.780 place to earn 40 per year with certificates of deposits so these are called cds in the financial

00:49:06.660 world you think that 40 per year interest is your first clue that this is a scam to put it in

00:49:14.500 perspective um usury lending rates here in canada are set to it's either 40 or 60 i think it might be 40

00:49:24.980 percent um so anything above that's considered loan sharking so the payday loan companies here in

00:49:31.540 canada were slammed by the government over the last eight to 12 years or so because the way they

00:49:38.740 calculated interest exceeded the usury rate and they had to restructure their model they were making

00:49:43.700 bank like serious bank um i knew the um i'm not going to mention the company but i knew a guy that

00:49:51.380 was running a payday loan company out in uh western canada that business grew from nothing

00:49:58.740 to 150 million dollars a year in sales um crazy right um 40 interest included so axos banks offers

00:50:07.140 the highest savings interest rate at 0.61 for comparison but wait till we dig into the hex details

00:50:12.100 not the same thing but sure you know it's a comparison fine um hex has been very careful with

00:50:17.300 the marketing language on the website and product designs uh features to both appear legitimate and

00:50:22.820 to avoid legal trouble there is even an entire page on the hex token dedicated to why the product isn't a

00:50:28.180 scam and generously educates the reader on what technology constitutes illegal ponzi schemes and

00:50:33.620 pyramid schemes and why the product doesn't legally qualify usually legitimate investment products don't

00:50:39.620 need an entire section educating you on scams and why their product doesn't meet the technology

00:50:44.340 i'm going to say that again usually most legitimate financial institutions investment opportunities

00:50:52.260 don't need an entire section educating you on scams and why their product doesn't meet the technical 0.98

00:50:58.020 requirements again this guy's smart and stupid at the same time that set this thing up 0.79

00:51:05.380 this page might actually be targeted towards the sec or other financial authority law enforcement 0.98

00:51:09.780 officers that happen to come across a product to dissuade them from launching an investigation

00:51:13.540 because it doesn't fit neatly into their predefined 1920 rules of ponzi or pyramid schemes crypto is

00:51:19.620 largely unregulated at the at this point in time so a lot of sketchy stuff continues to exist out

00:51:24.420 there in the world with contracts being decentralized it's hard to squash them out

00:51:29.940 this is the hex volatility bit uh hex is is just like any other volatile cryptocurrency unlike a typical

00:51:36.740 bank cd price of dollars where your investment principle doesn't change here's a clue that

00:51:41.540 certificate of deposit is a poor name choice for hex because the bank cd is impossible to lose money

00:51:47.380 which is not the case with later participants as you can see the pump and the dump over here

00:51:52.900 audited since it's marketed to lots of everyday people i want to make distinction about what an

00:51:57.060 audit on a cryptocurrency smart contract means since hex mentions frequently in his marketing materials

00:52:01.940 that three different auditors have audited its contract to a layman they might think that the

00:52:06.500 statement means that a professional auditor like pricewaterhouse coopers came in and reviewed it

00:52:10.980 and found out it's not a scam or something to that effect but that's not what it means auditing in the

00:52:15.460 crypto world is where developers who specialize in cryptocurrency smart contracts evaluate the

00:52:20.180 computer code for bugs having sound code doesn't absolve it from being a scam if this code was written to be

00:52:27.060 a scam also this is just based on ethereum right like there's nothing new here it's it's like hex is

00:52:36.820 essentially ethereum and this new uh sacrifice thing is going to bring them to what is that which is

00:52:42.420 essentially uniswap it's open source code this guy steals it uses it calls it a new token and then you

00:52:49.700 know structures it and starts to sell it out okay what's going on here in the chat here

00:53:00.500 uh sj never go through hustlers you a bud made bank no i get people sending me their uh

00:53:09.700 copywriting don't even get me started on people filling up my inbox with their offer with their

00:53:16.660 three what is it a three email sequence i get like three or four of those a day you're not unique 0.99

00:53:21.220 you just blend in with all the other bullshit i don't need you 0.98

00:53:26.660 get rich with hex media okay uh ira hex has been successful and convincing enough new buyers to drive 0.93

00:53:33.860 the token price since inception which is highly aggressive marketing tactics so here's your marketing

00:53:38.980 tactics right up 38 price went up 6748 times all right so this is all the marketing material that

00:53:48.580 we're talking about uh hi i'm richard dude looks like mystery with that hat on from uh mystery method

00:53:55.220 which is one of the characters from um the game by neil strauss like a pickup artist um you see the

00:54:02.020 similarities here right you know between this and the mano swamp uh hi i'm richard hart i funded the best

00:54:07.220 asset in the history of the universe hi i'm the best pickup artist i'll teach you how to get all the

00:54:12.340 girls right hex.com is up 466 000 in 603 days we are still pre-viral the price is only up 26 cents

00:54:22.180 imagine when more people discover what they've been missing and you can actually buy in easier

00:54:26.020 so magazine ad over here says the product went up 11 500 percent um in only 129 days and that does happen

00:54:35.140 frequently in the in the crypto world i'm not gonna lie um if you're one of the early adopters like

00:54:40.740 if you're one of the creators of the project and you have a good marketing team and you can stand out

00:54:45.780 from the other 19 604 tokens uh ads on the side of a bus ads on the side of taxis promising 11 11 500

00:54:56.580 add on a looks like a subway pillar in the underground hex's price went up 11 500 in 129 days

00:55:04.260 uh spotted in new york city hex long oh you can play this no it's just a screen capture um

00:55:13.860 what does it say up here the hex ad spotted and only hexagons you know what to do

00:55:18.820 shill it says up there okay uh billboards on the side over here uh getting going here in dallas looks

00:55:25.860 like some sort of conference side of a race car

00:55:31.220 hex.com 38 uh i don't know if that's is that nasc dude that's nascar that is probably one of the most

00:55:39.140 watched sports shows on the telly um that's that's a lot of exposure that would cost a lot of money to

00:55:48.420 buy that just just that half of the car back over here i don't know what that would cost but that's a

00:55:53.540 ton of money um again a lot a lot of heavy heavy money spent on advertising dollars um those that 0.96

00:56:02.580 haven't run a business don't know what shit like this costs i don't know what the going rate on this 0.96

00:56:06.500 is today but half a page in a magazine um probably about 10 grand when i was doing it um side of a bus 0.98

00:56:15.780 i think i got a quote once to wrap a bus in downtown toronto with advertising 30 grand um you know you buy

00:56:22.420 the space for a certain period of time you pay it monthly um i don't know what that space you know

00:56:28.100 would cost but um that's a double decker and it looks like it's the only i guess they don't wrap

00:56:32.420 the whole bus over in the uk they just do like the uh red sides wrap taxis um gotta be 15 to 20 grand

00:56:41.300 per taxi i'm sure i'm sure they hold on to the vinyl wrap for a certain period of time six months 12

00:56:46.740 months i don't know what that costs driving that truck around with uh big screens on it no idea

00:56:53.700 anyway you get the idea like there's a lot of money that goes into this so let's go to the

00:56:56.900 founder the founder who goes by richard hart for marketing his real name is richard schuler

00:57:02.020 i always have i always struggle with people that use like pen names man

00:57:08.100 i've i've never seen it to the to the degree that you'll see it in the mano swamp or nobody uses a real

00:57:13.380 name like i like i just you know people know that i'm rich cooper right i mean you can google me you 0.95

00:57:19.700 know people google my shit all the fucking time rich cooper's company rich cooper's girlfriend rich 0.98

00:57:25.860 cooper's net worth you know they always go looking for shit but um yeah when somebody uses a marketing 1.00

00:57:33.220 name um you know for their brand i get that there's some that are interested in um remaining anonymous 0.98

00:57:41.060 because the content that they may put out um but it's always a red flag now there's nothing wrong

00:57:47.780 with using a pen name except when the point is to hide a long history of shady businesses that's one

00:57:52.820 of the main reasons why people want to separate their business avatar from their life avatar you know

00:58:01.220 you go looking somebody up and you find out that they have a long history of shady businesses

00:58:06.260 other scams bankruptcies like all kinds of stuff like that right um to the point of hiding a long

00:58:12.740 history of shady bit involving spamming viagra in anti-aging pills which he was successfully sued

00:58:18.180 for in the early 2000s and legal trouble in panama he was even spamming courses on how to spam and avoid

00:58:25.220 paying taxes on the spamming earnings fear of missing out is a great sales tactic that schuler uses

00:58:31.220 continuously and everything he's involved in here in 2003 he offers up what was a 23-year-old 0.99

00:58:36.340 multi-millionaire from spamming and this is his ad copy we kick your ass with our hacker-proof

00:58:43.620 anti-spammer proof chinese-based sales websites and are now move apart to florida-based operation 0.98

00:58:48.660 offshore blah blah blah blah blah blah blah blah blah blah blah my name is blah blah blah this goes on

00:58:55.460 and i'm inviting you to learn how to spam millions of people per day is this real like is this is this

00:59:03.460 really in this guy's past

00:59:07.380 running courses on how to spam millions of people per day with with just like 0.77

00:59:13.940 shit anyway furthermore his own blog documented other shady businesses such as selling stereo equipment 0.98

00:59:20.660 which he didn't own and then turning around to giving the buyer subpar equipment there was a scam 0.95

00:59:26.260 that was run so for those of you that don't know i used to work in a stereo store when i was a kid

00:59:33.220 so i knew stereos like i tvs like surround sound setups one of my earliest fond memories was watching

00:59:39.540 the original top gun i think it was 88 on like a big-ass pioneer surround sound laser disc big-ass 12-inch 0.96

00:59:47.220 laser disc like cds some you don't even see cds today you don't even know what the fuck they are 0.76

00:59:51.300 but cds but like 12 inches and um one of the things that you come to realize about stereo um

00:59:58.740 and stereo equipment is the heavier the speaker the higher the quality um the sound generally is because

01:00:04.740 it's because it has to be heavy dense wood in the cabinet and and the speaker generally has to have

01:00:11.860 a big magnet and magnets weigh a lot so there was a scam that was going on i don't know if this is

01:00:16.900 the same scam that i saw but they would go up to people in gas stations and shopping mall parking

01:00:22.420 lots and say hey um i'm just moving some inventory from one store to another and they gave me one extra

01:00:28.500 set of speakers and they're in the back over there i just want to sell them just make some

01:00:31.940 quick money they're totally legit they're awesome brands blah blah blah blah and i got hit on by one

01:00:36.900 of these guys and obviously i'm not wearing a t-shirt that says i work at stereo den or some

01:00:40.100 shit like that so i go over and check it out and i'm like you know do you mind if i pick up the box 0.75

01:00:44.740 and i pick up the box because i was just legitimately interested in looking in the box see what was in 0.96

01:00:49.060 it so i pick up the box and it's feather light okay i've picked up speakers with a 15 inch woofer

01:00:55.300 before and they weigh a ton right like you got to be strong to move that stuff around like it's one of

01:00:59.140 the inventory things that i used to do and i picked this box up like it was featherweight like it was

01:01:03.220 an empty box and what they were doing was they were selling cabinets because how do you how do you

01:01:09.220 test drive a speaker out of a trunk of a car there's nothing to plug it into to make sure that it works

01:01:14.020 so they were selling empty wooden cabinets for whatever they could get they would say oh it's

01:01:18.660 three thousand dollars retail and they would go and sell it for like a thousand bucks cash if they

01:01:22.580 could get it and then this dope would take it home take it out of the box and try to plug it 1.00

01:01:26.900 into a stereo and nothing would come out because there was no speaker in it right because it was just 0.98

01:01:30.740 a lightweight shit box and they sold these to people that didn't know any better that didn't 0.99

01:01:34.660 know that speakers are heavy as fuck right anyway let's keep going through this 0.99

01:01:39.300 um is a hard as well known uh scammer especially for the people who've been in crypto space before 0.80

01:01:47.620 2017 dude has quite the history of scams and pumps and dumps i've seen a few of those i don't have

01:01:53.780 all the time in the world to go through it you can just google hack scam and you'll come across or

01:01:58.260 youtube search and there's a lot of breakdowns uh furthermore his own blog okay so the stereo business

01:02:03.300 uh does a scammer ever reform or are they always looking out for the next mark uh who do you think

01:02:09.300 he's looking for to make rich here right uh it's no surprise that crypto all right let's go full

01:02:15.140 big screen sorry guys it's no surprise that since the crypto world largely is largely unregulated

01:02:20.820 and is like the wild west that he would have gravitated to the space to enrich himself and enrich

01:02:24.740 he has one of the ways he promotes hex is by flashing rolexes and louis vuitton luxury items

01:02:29.940 and comically attributing them to his own product as if his wealth actually came from investing in

01:02:35.380 hex and not selling hex to others upgraded some of my watches 650 000 total in these hex.com is amazing

01:02:43.060 louis vuitton blah blah blah yeah i get why people like watches i i don't know it's like you're asking

01:02:51.380 for trouble if you wrap 600 grand around your wrist you know you walk around like you got to be careful 0.78

01:02:55.380 about where you wear that fucking thing anyway uh well yeah hex.com has been amazing for him bernie 0.98

01:03:00.420 made off scam businesses was amazing for himself and their early investors for dozens of years to 0.98

01:03:05.300 bit connect remember bit connect bit connect was a big thing in 2017 20 2016 17 ran up big connect big

01:03:13.860 time that was like the biggest scam in the crypto space and one coin were also amazing ponzi schemes

01:03:19.780 for their creators again this guy's really smart he didn't structure it in such a way that it it

01:03:27.060 currently passes for the definition of a uh a ponzi scheme or a multi-level marketing or a pyramid

01:03:34.340 scheme or any of those things it doesn't it doesn't pass that you know definition so again dude is smart 0.97

01:03:39.700 but stupid at the same time uh the point bears repeating how did richard hart make his money by selling 0.98

01:03:44.900 millions of tokens he created out of thin air drops uh to poor saps who think that 40 a year returns can 0.99

01:03:50.340 just be invented with a token and later sections will detail how the scheme actually works so the first

01:03:55.860 point is a social media army right so again you know like that example of that video is like part of

01:04:05.380 was like one of the many um grunts you know the ground troops that are putting out content to promote

01:04:12.900 the product um so social media shell army he has he's had a pretty public persona for the last few

01:04:18.900 years doing podcasts and showing up to cryptocurrency conferences and harassing presenters about their

01:04:23.540 cryptocurrency backgrounds for instance when greg wright falsely claimed to be satoshi nakamoto the

01:04:28.580 anonymous bitcoin founder shuler who was sitting in the front very aggressively called him out on this

01:04:33.060 front of the sorry in front of the whole crowd this led to a big surge in social media followers

01:04:37.940 ironically he has been called basically anything other than bitcoin a scam until he launched his own

01:04:42.740 offering uh since his large group of social media followers were the first ones to get into hex

01:04:48.260 and have and have the most gain from the success his product came with its own army of hex shillers and

01:04:54.420 defenders who call themselves hexian so let's say he brought in a hundred a thousand of his most intimate

01:05:00.500 followers like these people that were in the big buy bumps early on and they all know at least a few

01:05:05.060 hundred people right and then they start showing it and then the people that buy it it's so it's it's not

01:05:11.540 set up like a pyramid scheme but it works like a pyramid scheme right so his product comes with

01:05:18.500 his own army of shillers and defenders who call them hexagons sure sign of a cult right like as soon as 0.98

01:05:23.140 you start to define you know what what your group is all about right like manospherians or some shit like 0.65

01:05:31.460 that hexagons are a pretty toxic group and seem to take it personally if you say anything about anything

01:05:37.140 bad about hex oh yeah i'm sure they're in the chat right now uh of course this makes sense since if

01:05:42.900 you get in early enough on any scam you too can make a lot of money at the expense of later investors

01:05:48.340 and you want to protect your piles of gains they roam around in social media advertising it to others

01:05:52.420 and attacking anyone critical of it usually in coordinated brigades i wonder if they're more

01:05:56.820 coordinated than the woke brigade of karens right because whenever i put out like a tweet that says

01:06:01.780 something like hey ladies you want to keep a man around be pleasant know how to cook have 1.00

01:06:05.060 culinary skills you know be tidy you know be uh you know be compliant you know just basic nice

01:06:11.460 stuff like just be a nice person basically they lose their and then the

01:06:15.460 coordinated brigades of karens will uh you know just just come at you they'll just send their vile 1.00

01:06:20.740 poison and let's see if these guys uh you know behave the same way uh they all seem to

01:06:26.820 parrot each other from the same script 100 uptime no middlemen you hold your own keys okay uh as if they

01:06:32.900 don't understand that every token on ethereum's platform has the same 100 uptime and most tokens

01:06:37.940 don't have middlemen either since that's the actual point of a smart contract furthermore getting

01:06:43.540 a cold storage ledger wallet allows anyone to securely hold keys to any ethereum token and most

01:06:49.140 other coins too they follow the abcs and are always looking for additional ways to market hex to

01:06:55.220 others including creating thousands of twitter accounts and youtube videos the odd thing is that

01:06:59.620 they only ever talk about hex and you'll notice that about that kid's uh youtube feed is he's only

01:07:05.540 talking about the one crypto it's not like he's touching others i follow cryptocurrency youtube

01:07:11.380 um i follow some big accounts with people that i feel like i know like and trust and they don't

01:07:17.860 ever just shill one token right most of them are very interested in bitcoin ethereum and there's a

01:07:25.700 handful of a few other projects that can probably count on one hand and that's really about it um

01:07:31.140 you know that makes sense that have potential but you know captain 201 here on the list of 19 605

01:07:39.700 have an actual army that are uh out there on twitter and youtube and social working on the persuadables

01:07:46.260 the odd thing is that they only ever talk about hex and all have other hex logos incorporated in their

01:07:50.820 profile one of the things that you'll notice about a lot of these hex guys is they have um

01:07:55.380 the t-shirts the jewelry the earrings you know stuff like that and they're all in the shape

01:08:00.420 of like the hex token um you know it's it's again it's it's smart

01:08:06.900 so are they all just bots or caught or cult members it's strange i have not seen any other

01:08:10.900 crypto communities show as much as they do it's true uh like again there's 19 605 tokens the only

01:08:17.780 one that i hear from people about oh this is the next big thing that'll get you 10 000 x returns

01:08:23.620 all you're gonna do is this that and the other thing and you too can have diamond watches and

01:08:28.100 lambo right um the funding was only trickling in for the first 50 days until someone guess who

01:08:34.020 contributed about 400 okay so we're talking about documentary

01:08:37.220 the disclaimers we got legal disclaimers

01:08:43.540 copious amounts of legal ease

01:08:47.380 first year of hex initial coin offering this is all just standard

01:08:52.420 shit instant user base through that ipo okay so let's see what the referral stuff 0.52

01:08:58.500 richard got a copy of adoption bonus and referral bonus i want to go to the section of here we go 0.92

01:09:06.900 marketing it's the never-ending story here with this one hex not only has a lot of marketing through

01:09:12.020 traditional print and online media as i showed at the beginning of the article but shuler is also

01:09:15.700 paid for professional press releases to show up on financial news sites with comical claims like

01:09:21.060 hex has the potential to eradicate middleman payment companies such as paypal and venmo as well as

01:09:26.900 impact credit card companies like visa and mastercard yeah so for those of you that don't know

01:09:32.340 there's a lot of sites where you can put out press releases where you basically you say whatever the

01:09:38.820 you want i mean you write your own press release and then you pay a little bit of money and then you

01:09:43.300 distribute it out on what's called the wire to all um news stations and they all look at it right

01:09:48.900 because there's somebody that works there i don't know if it comes in by email or by fax or how they

01:09:53.380 still receive it but there's somebody that works there that goes through every press release that's

01:09:57.700 printed every day and decides what they're going to amplify on their uh platform or maybe you know

01:10:03.860 want to check in for commentary or or something like that so sending out press releases can be a 0.96

01:10:09.940 very effective way to get the mainstream media to talk about your shit so uh which it is a payment app 0.96

01:10:17.940 or so which is it a payment app or a certificate of deposit in fact hex doesn't have the ability to 0.97

01:10:23.060 do any of that because the infrastructure for sending tokens or payments comes not from his token

01:10:27.940 but from the platform his token is built on ethereum it's simply a more grandiose claims to lure and buyers

01:10:34.260 hoping to jump aboard the next bitcoin tesla or transformative technology this is like you know when

01:10:40.580 somebody says oh dude this this is like buying bitcoin in 2010 for less than a dollar yeah except

01:10:48.900 for like bitcoin actually works right and it's distributed amongst the people that own it not 88 percent

01:10:58.980 of it with one wallet address right or with or the one individual according to this article we'll get to

01:11:04.180 that in a minute furthermore the original name of the project was going to be bitcoin hex in the

01:11:08.900 bitcoin hex eh that's an interesting take uh as i mentioned that that usually crypto scammers seek

01:11:14.500 to exploit the name of recognition again you know you'll see people do that whenever they use my name

01:11:18.820 or image in the title of their videos or as they're trying to clout chase you know which is what that

01:11:23.380 strategy would have been essentially cloud chasing off bitcoin but cleverly he actually just just

01:11:29.460 shortened it and it still worked out you know for this for this big run-up has absolutely nothing to

01:11:33.700 do with point with bitcoin and since it's built on the ethereum network but basically everyone by now has

01:11:38.500 heard of bitcoin and the massive success it has had so he wanted to give the impression hex was

01:11:42.740 somehow related to it okay when lambo of course you're going to see some uh ads here with exotic

01:11:49.300 cars no scam would be complete without advertising how rich people are getting along with some lambo 1.00

01:11:54.420 shilling in addition to a bunch of exotic cars purportedly paid for with hex winnings there is a whole

01:12:00.180 cache of items on the web page clearly this is a marketing technique to bring the quick rich get quick

01:12:06.020 get rich quick hopefuls i say that right uh so here's an ad bought with hex and how hex changes

01:12:14.180 lives bought lambo lambo bought with hex okay mclaren bought with hex lambo bought with hex

01:12:22.820 so supply reduction this is really the crux the crux of the brilliance of this scan it's like hotel

01:12:28.900 california your money checks in but it never checks out i don't know if you guys have ever been

01:12:33.940 been to hotel california it's in baja it's it's in basically like baja mexico um it's very unassuming

01:12:41.700 you know i was doing a soft road race and we're driving these challenge cars down the road and you

01:12:46.500 know the lead car goes by the way that's hotel california over there and it's a very unassuming

01:12:51.060 basic looking rundown piece of shit right now i don't know if they fix it since anyway uh the main 0.75

01:12:56.260 product feature is to lock up your hex tokens for a chosen period of time with the rewards increasing 0.89

01:13:01.140 along with a lockup period technically hex converts to t-shares which are just uh computational

01:13:07.620 efficiencies and reduces circulating supply figures but it isn't germane and the criticisms i'm making

01:13:13.700 this article okay however by incentivizing hex buyers to lock up their tokens so it's like a gic

01:13:20.900 basically well it's it's not called a guaranteed investment certificate but but they're basically

01:13:26.420 saying like when you lock up that's how you earn the money uh for a number of years number of years

01:13:32.660 say so what do you do you put in your twelve thousand five hundred dollars worth of hex in for

01:13:38.660 two years three years and heavily penalizing them if they unlock it early it removes selling pressure

01:13:44.420 and reduces the float again clever right this provides the opportunity for the marketing efforts

01:13:49.780 to have a more powerful effect since with more buyers and sellers the price will be pressured upwards

01:13:54.900 this in turn lures in additional buyers catching the fomo bug again if you were one of the early

01:13:59.460 guys that bought a shitload of this in those early buying bumps uh you're still ahead of the game

01:14:05.380 right because for the first while that that token did nothing you know it was early buyers that got

01:14:11.700 in and made the big big bucks i don't see that happen to anybody you know watching videos like this

01:14:18.420 and going oh yeah i'm in i'm i'm gonna throw in my life savings and i want to get my ten thousand

01:14:23.940 percent returns as well right additional buyers the goal of the court the goal of this is of

01:14:29.380 course to remove as many retail sellers as possible from the process so the only people

01:14:34.340 who are left to sell are the earliest investors and promoters who have large bags and dump in a

01:14:38.500 new entrance yeah okay longer pays better the key point is that early investors in every ponzi

01:14:45.700 and pyramid scheme make money along the principle sorry along with the pinnacle scammer and they will

01:14:50.740 defend the product without bounds to protect their newfound wealth

01:14:58.420 the word using the word staking how does hex make money in short it doesn't this is where we

01:15:04.740 really get into the crux of the scam let's compare the two models sorry i gotta go big screen over here

01:15:09.140 i forget to keep putting you guys back up uh you don't see eth creator vitalic buterin flashing rolexes

01:15:16.740 no you don't i know his father actually he was in eo toronto he had a uh a software company i played

01:15:22.500 chess with him a few times um yeah makes a very good point um you don't see that do you

01:15:33.460 anyway the banking model when banks give you interest so this is in relation to

01:15:37.700 the two models when when banks give you interest it stems from economic activity a bank creates loans

01:15:43.220 earns fees from atms and services and then pays you part of the profit a commercial bank's basic

01:15:47.700 business model is to capture and spread between short-term and long-term interest rates they

01:15:52.260 borrow short and lend long and that's the core of the business and why they offer savings and

01:15:56.020 checks accounts in the first place they leverage other people's money while the entire banking system

01:16:01.380 built on fiat currency is a big scam in itself at some point too everyone is familiar with certificates

01:16:07.540 of deposits you put in dollars and you get more dollars back later banks don't offer cds as an act of

01:16:12.900 magnanimity i always pronounce that word wrong they exist for the benefit of the bank just like

01:16:17.700 savings and check its accounts do banks offer them because they can plan better around federally

01:16:22.260 mandated capital requirements and lending portfolios blah blah blah okay so the hex model with hex

01:16:28.420 there's no underlying economic activity happening at all it's not even real interest all the hex

01:16:33.780 contract code does is mint new inflationary tokens every year and then distributes the inflation

01:16:39.460 to those who've agreed to lock theirs up he says this whole scam could not work if the requirement

01:16:45.700 was to lock up an asset and get paid interest on that asset for an asset that richard shuler didn't

01:16:51.380 control and create out of thin air hmm where is the certificate of deposit that pays 40 over 20 in book

01:16:59.940 in bitcoin or ethereum it can't exist for those who lock up tokens and also get half the penalties from

01:17:05.700 those who unlock their funds early or get this forget to unlock their funds within two weeks so

01:17:10.900 they agreed upon oh so there's a window as well eh shuler generously gives himself the other half ah

01:17:17.300 look at that so if you don't follow what the code in the matrix says within the two-week window shuler

01:17:26.340 the guy with the bag gives himself the other half so he takes half when you screw that part off

01:17:31.460 okay so in other words the sole purpose of the hex contract is to redistribute value from

01:17:35.380 some token holders other token holders all right inflation it's never a good thing but the case of

01:17:41.780 proof of work cryptocurrencies like bitcoin and ethereum it's necessary evil to incentivize miners

01:17:46.260 to secure the network you couldn't have a proof of work without it especially before cryptocurrency

01:17:51.540 became popular as cryptocurrency adoption multiplied over the last decade the growth and demand vastly outweighed

01:17:57.620 the effects of inflation so inflation wasn't an issue and the price rose however the inflation in

01:18:03.540 hex does not stem from computer work in the form of electricity like the case of bitcoin or ethereum

01:18:08.820 inflation in the hex system is completely arbitrary unnecessary and solely exists to create funds out

01:18:14.740 of thin air to pay people there's your airdrop there there's your free right likewise if shuler and the

01:18:21.860 hex hex can't can rope enough new investors into the scheme to drive up the token price or keep it

01:18:27.780 level investors won't notice the effect of the inflation either now you can understand the vast

01:18:32.260 marketing and shilling efforts everything else being equal the expected sorry rate of return in total

01:18:39.060 hex capital from generating inflation is zero you have more tokens but each token is worth a little less

01:18:44.100 it's like cutting up a sandwich into smaller pieces you don't have a bigger sandwich

01:18:48.420 when an equity security conducts a two-for-one stock split there exists twice as many shares but the

01:18:54.980 total capacity stays the same because the share price is halved hex is like buying a foreign countries

01:19:00.980 currency that only printed extra bills to pay interest at some point you have to convert it back

01:19:06.340 to your own currency to spend it when you make that conversion supply and demand will reduce the value

01:19:10.900 of what you thought you earned it's making some good points here there's nothing magical about the

01:19:16.180 chosen inflation rate of 3.69 it could have been one three sorry one two five or ten or anything in

01:19:22.500 between to create a different perceived rate of interest with differing levels of token dilution

01:19:27.460 when you grasp that concept you realize how pointless hex really is shuler could have written

01:19:31.860 the smart contract to say that every year a zero will be added to every locked account balance would

01:19:37.380 anyone actually believe they were 10 times richer of course not why does a more subtle way that hex

01:19:42.260 uses the principle fool so many people fool's gold does not turn into real gold

01:19:50.820 so then in this section over here uh holy crap this is going on for a long time this is a lot to read 0.65

01:19:56.900 i think it's almost done um my first super chat moved out of range trying again i followed richard hart

01:20:06.820 since 2017 i would like to come on stream and go through the article with you can i join uh i'm not

01:20:13.620 i'm not interested in having a debate dude i'm just i'm just sharing some experiences man

01:20:19.060 um again if you guys want to do this if you guys want to pile your life savings into something that

01:20:25.700 that makes these absurd promises when 88 of the uh available supply appears to be held by one person

01:20:33.380 go for it i don't care it it doesn't change my world okay where i take issue is when somebody

01:20:41.060 uses my good name and my brand to to to shill crap it's not a playing to win model this is a

01:20:48.100 get rich quick scheme you know and they're like again like i said at the beginning there are no ways

01:20:54.100 that i'm aware of legitimately to get rich quick every overnight success every overnight success that i

01:21:02.500 know of leading up to that success to that point where you're like wow that's like a that's like

01:21:06.340 a big thing minimum a decade but there's promises here on ten thousand percent over what appears to

01:21:12.980 be a couple years um what effectively makes a ponzi scheme uh from the sec okay well

01:21:22.820 the hex token afflended address count central is it okay let's yeah let's go through the ownership part

01:21:28.260 all the stuff over here is uh like the address counts what makes it a ponzi scheme uh centralization

01:21:35.860 like i don't even know if the like the thing about the author here is is you're not in a position to

01:21:43.060 decide this because ultimately regulators and policy makers will decide whatever they want if if they

01:21:49.300 want to go on a witch hunt if they want to let something go they'll do it right so we'll see what 0.90

01:21:55.060 happens over time i guess anyway let's talk about the centralization part and the ownership uh so

01:21:59.780 this guy apparently likes to talk about how bitcoin or the blockchains are so centralized so he says over

01:22:03.940 here people think bitcoin is decentralized check this out in 2019 to 2022 it's even more centralized now

01:22:10.420 than in 2019 42 of all bitcoin is in just about 2 000 addresses

01:22:15.460 uh but somebody owns 88 of hex so there you go pot calling the kettle black uh the irony is apparently

01:22:28.020 lost on him but the reality he is just preying on people's ignorance to be unaware that he created a

01:22:32.820 huge number of wallets to hold his own hex stash to give the illusion of decentralization remember all

01:22:38.260 those first year features we discussed above uh they were important to explain how he has so much

01:22:44.340 hex in this next section okay so this is on the holding so etherscan so how much hex does heart own

01:22:51.540 or control etherscan provides a tool to look up the top 500 token holders almost all were created in

01:22:57.860 blocks on the same day within the same hour interesting you think so you think this is one person try to find

01:23:09.700 a single account in the top 150 that wasn't fund that wasn't funded by the origin account okay that's

01:23:16.500 interesting furthermore there's a whole block of accounts that all have the same exact amount in them

01:23:23.460 yeah you guessed that all funded by the same origin account so on the blockchain for those of you that

01:23:30.180 aren't aware it doesn't like it has a it has a sequence of code okay so it doesn't say you know line

01:23:37.220 190 this sequence of code is owned by rich cooper it doesn't have that it just has sequence of code

01:23:44.740 ip and then you know some other very very basic information sorry let's go back to full screen for

01:23:51.540 you guys uh ethereum address okay so check out this ethereum address with funds originating oh wait

01:23:58.900 sorry i missed the paragraph in fact i couldn't find a single ether account list of 500 from randomly

01:24:03.780 checking that had any activity beyond just funding hex g suspicious so it's a one-time transfer in the

01:24:10.580 top 500 from one origin account it seems uh then check out this ethereum address with funds originating

01:24:17.300 from a money laundering mixer all paying the gas fee on 200 accounts each worth 350 to 400 million dollars

01:24:24.100 in hex tokens so you can see for yourself and do the math so he's connect i'm not going to start

01:24:28.820 clicking through all this over here um these simple observations show that richard controls

01:24:33.940 the majority of the entire supply of hex's laziness to use a single account to fund the gas fees on 200

01:24:39.860 other massive accounts is much appreciated because it made the analysis much easier to collate

01:24:47.140 so how much hex does he control in total i originally speculated from the above points

01:24:51.940 that an automated account analysis program would show his ownership of up to 80 percent well as it would

01:24:57.380 turn out someone has actually managed to collate the addresses funded by the origin address and

01:25:02.660 richard's token database shows he controls 88 of all hacks imagine you like one person controls 88 of the

01:25:11.380 earth and then the other 8 billion people have to live on 12 of it just 0.91

01:25:18.180 again brilliant and stupid all the same time uh anyway if hart himself uh didn't want to pay 20 0.77

01:25:30.020 founder's tax on a coin then why does he deem it acceptable for you to pay an 88 founder's tax 0.99

01:25:35.620 he didn't even attempt to make the product remotely fair and he's playing anyone who buys into it for 0.90

01:25:40.740 fools i'll note that he can't get that value out of the system unless there's a lot of future suckers 0.74

01:25:45.780 buying in to prop up the price while he's unloading which is why the marketing efforts are more broad 0.99

01:25:51.540 than you typically see for a cryptocurrency but why obfuscate his holdings there would be fewer hex

01:25:57.540 token buyers if everyone knew he controls so much and the main point of the token was to enrich himself

01:26:03.620 i think you know the answer again one dude owns 88 of planet earth and the other 8 billion people have to

01:26:13.620 stay on 12 percent why is the hex rate 40 percent 40 number comes from requirement that only people

01:26:21.380 who lock up their funds get inflation get paid the inflation and currently only about 10 now i thought

01:26:26.340 that this was dodgy before i read all this okay like once you start to read all this stuff and then

01:26:33.220 they start to point to some of these facts you're like yeah spidey senses are working i can i could spot

01:26:39.300 bullshit that's you know the detectors working real good calibrate those things anyway uh as we showed

01:26:47.540 he owns 80 of the token pool and he has not locked them up in order to keep the advertised rate high 0.97

01:26:51.780 there's only proposed sorry the only purpose these tokens serve and since he didn't pay for them losing

01:26:57.540 3.69 of their value every year to inflation is of no consequence if it attracts more buyers clamoring

01:27:03.620 for the 40 percent APY and therefore drives up the price for higher far higher than his inflation

01:27:08.820 losses yeah he's playing the spread there what is that a 36 spread anyway this is a two-way street of

01:27:16.580 course since 90 is freely available your biggest risk is that large quantity of hex will be dumped

01:27:21.460 and the price of the token will drop to a level far lower than your cost basis and inflation earnings

01:27:26.500 thought experiment and improved hex without a rug pull problems with the size of hex

01:27:36.900 looks price stats what about is um false analogy to bitcoin well he already covered that when he was

01:27:42.900 talking about how it's built on ethereum okay so let's go to what does hex crypto actually do and what's

01:27:48.980 its purpose so ask yourself what innovation does hex add to the table aside from being a self-enrichment

01:27:54.900 scam bitcoin's purpose wasn't to furnish its users with investment returns which is hex's only

01:28:00.260 purpose bitcoin was invented to facilitate digital payments and solved a double spending problem for

01:28:05.540 digital money accurate bitcoin was the genesis of cryptocurrency and it didn't require sending the

01:28:11.460 founder money to participate in it also facts bitcoin is also disinflationary and has a fixed terminal

01:28:18.500 supply fact hex is none of that and anyone can clone it with a few mouse clicks see rex i guess that's

01:28:26.420 another click through where it'll take you to another token for instance on the binance smart

01:28:30.820 chain with lower gas fees so what does hex do spawns more hex anyone can write a contract to do that

01:28:36.500 shuler saw that other scammers were getting rich creating scam coins and just wanted to be on the

01:28:41.300 action he only had a little more thought on that okay um is hex a good investment okay okay well this

01:28:48.340 is the last paragraph so let's read it so in conclusion is hex coin token review summary is hex a good

01:28:54.340 investment if you've made it this far you will likely reach the answer that hex is not a good investment

01:28:59.140 the biggest problem with hex is that interest is being paid but the token doesn't generate revenue

01:29:04.660 so the only place money can come from is other investors that's a ponzi scheme no matter how you

01:29:10.020 spin how much spin you put on it and boy there's a lot of spin laid on thick over time hex will need

01:29:16.420 to bring an average of five to six five to six billion in capital each year to keep the token price level

01:29:23.300 at today's price so they have to sucker in five to six billion dollars each year from persuadables to

01:29:32.340 keep it at today's price is what this author is saying that's a tall order yeah tell me about it

01:29:37.460 surely plenty of existing investors will defer selling their interest tokens and will lock them

01:29:43.140 up for additional time making the new capital requirements a fraction lower but the additional

01:29:47.620 supply will continue to stack up until eventually it gets sold onto the market is there a guarantee of

01:29:54.580 this 40 percent because that number could and i mean in my mind the way that i'm reading this way

01:29:59.620 that it's structured they could change that very easily at any given time furthermore the hex is the

01:30:06.180 largest smart contract uh token because the founder backed in a lot of perks and loopholes for

01:30:11.220 himself leading to an obscene 88 ownership of all hex tokens today i mean like that alone for me is a

01:30:18.420 it's a it's a total it's a total no-brainer guys

01:30:25.140 one person owns 88 of the planet earth and wants eight billion people to live on 12 that just doesn't make any sense

01:30:36.340 it's great for him try to go into the mindset of someone who creates an investment product but

01:30:42.100 didn't actually contribute his own capital to obtain that level of ownership who's he really

01:30:46.740 trying to make rich you or himself while hart likely won't rug pull because a smart parasite doesn't kill 0.99

01:30:53.460 its host he will dump his massive holdings and onto the masses over time in order to cash out

01:31:00.580 if he is successful in gaining wider adoption through the extent of marketing efforts from

01:31:05.540 what i understand i think there's billions of dollars if i'm not mistaken in hex um what is

01:31:12.100 the market cap on this thing over here it's currently

01:31:17.860 so market cap is 47 billion no no that's diluted current market cap is 12 billion

01:31:32.020 there's billions of dollars of this

01:31:33.460 that's insane um 88 ownership so he owns 88 percent of that 88 percent 0.97

01:31:46.340 fucking 12 billion what is that 0.99

01:31:51.700 fucking 10 and change man 1.00

01:31:57.300 anyway i try to go to the mindset of someone who creates an investment product but didn't 0.98

01:32:01.060 actually contribute his own capital okay uh while hart likely won't rug pull we talked about the

01:32:05.540 parasite thing additionally heart's large social media following led to a lot of people to get on

01:32:10.820 on the ground floor and also stand to make a lot of money from future buyers and therefore contribute

01:32:15.460 to the shilling and advertising effort through social media when a token is gained 2000x in two years

01:32:21.700 as a result of marketing and manipulation there are a lot of people who have contributed minimal

01:32:26.020 amounts of their own capital but are showing a life-changing account balance and are accounting off the

01:32:30.660 days until their lockup period ends and they can sell to someone else and realize that massive gain 0.97

01:32:36.420 there's not enough liquidity for that fuck i mean even i can see that um these are the people who are 0.97

01:32:43.300 not going to tell you to hold off on buying it it's best not to ask the ones who benefit from your 0.99

01:32:47.540 ignorance whether you should buy as such the only rebuttal from hex shillers about why hex isn't a scam

01:32:53.780 seems to be because their account balance has gone up since they bought in people also thought

01:32:58.180 they were getting rich with bit connect mentioned that already which peaked at number seven and still

01:33:03.140 trades and bernie madoff go look up bit connect um there's lots of videos on youtube about it

01:33:09.620 documenting you know the entire process um you know they had an army of shillers man there's a lot

01:33:16.340 of people shilling bit connect i remember because i was looking at it at at the time back in 2017 i'm

01:33:21.380 like this is interesting and then they started making absurd promises similar to what you see over there

01:33:25.860 and you start to like it's like an onion you start to kind of peel it back and then when you get back

01:33:30.180 you know through the layers and you start to cry when you see what you're dealing with 0.94

01:33:34.260 bit connect was a fucking mess a lot of people lost a shit ton of money with that 0.83

01:33:38.900 the same scenario will pan out with the majority of hex investors which is what i 0.97

01:33:43.860 that's what the spidey senses were telling me when i saw this guy at first

01:33:47.780 yes uh you too can make money in scams if you buy earlier than the majority and sell before they do but

01:33:53.860 but is hex worth investing in for that point alone only if you like to perpetuate scams

01:33:58.900 and are sure that you aren't the last sucker buying at the top the trouble with these kinds

01:34:02.900 of schemes is that usually by the time you find out about them you are one of the later investors

01:34:07.300 buying close to the end of the line while early investors are selling their bags to you it's right

01:34:12.980 in the meme you're being punked so that's an article uh on wantfi.com titled richard hearts

01:34:19.540 hex token is a brilliant scam let's have a quick look here at the chat and see if there's anything i

01:34:26.020 missed um oh this guy again okay i don't intend to debate you on your points in the article simply

01:34:34.100 would like to give you more background information and give you more details for example how the nascar

01:34:39.460 got sponsored it doesn't matter dude the things you know the things built out i've already 0.98

01:34:43.700 people people ego invest in some of the dumbest shit like this is like this is no different this 0.98

01:34:51.940 guy's obviously a promoter right i mean like he's not going to come and tell me that i'm uh wrong 1.00

01:34:58.900 he wants to sell you something right 0.99

01:35:02.980 you know it's i don't know i'm not even going to get into it fuck it life's too short 0.99

01:35:07.540 i mean if you can't see it by now if you can't see it by now you are out to lunch 0.99

01:35:17.540 all right i don't see any more

01:35:25.540 no that's it

01:35:29.540 all right so there you have it guys um you do what you want with it you know at the end of the day

01:35:37.780 you want to try to get rich quick

01:35:41.620 don't listen to me pile it all in sell the farm sell the house sell a kidney 1.00

01:35:50.900 just get in and sacrifice and stake that shit man for your 40 percent get rich quick in two years man 0.96

01:35:59.380 so turn turn 12 500 into 62 million dollars 62 and a half million anyway i'll see you guys in the next 0.98

01:36:06.740 one i think i'm going to disable comments on this because i don't want to deal with any of the

01:36:10.340 bullshit uh from like the crypto nerds see you guys in the next one peace out 0.84

Playing to Win - July 06, 2022

068 - Spotting Scams & Cult Members That Shill Them...

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