On the flawed thinking of pHEX maximalists:
You can take a little profit when you go from 1 to 100,000 holders. If you got a 10,000x, that's awesome, because you hardly need to sell any of your position - (especially with getting so much yield!)
But you can't support a couple of millionaires off just 100,000 holders. You need a scale like bitcoin or Ethereum has now.
So greedily and impatiently, the matter was forced, and the "millionaires" just grabbed all they could.
Then they tried again at the fork, as a new opportunity to garner every penny that arrived into the asset.
Should have delayed gratification and let the chart look better. Should have proven to the market that no harm would be done to new investors.
Now, the market saw what happened - what is happening, and new people get their negative biases confirmed by multiple charts that show a lot of people scrambling to get theirs.
There is a solution to restore confidence!
Because the goblins sold massive amounts of their bags to get a larger slice of a smaller pie, they have less impact on the original eHEX.
There are still likely multiple wallets that could nuke it, but far less than last cycle.
eHEX is really what the market is judging everything from. PulseChain can't prove itself, because as Richard pointed out, after millions thrown at green candles, the goblins just don't get it.
Send eHEX back to being a great store of value. It's far cheaper and less risky than PulseChain to do.
Then you can demonstrate that tragedy of the commons can be overcome by people that do want to get paid ROI, but are willing to let their runners run.
@RichardHeartWin - do you think the benefit of people buying a
$PLS to then buy
$HEX results in a net gain for the overall ecosystem? I think you showed yesterday, that it just creates more crying and negativity. Force the goblins to suffer for their greed and just focus on eHEX for a while. Even until it just gets to 10c. That would likely be enough to shake up the market and force some huge movement, volume and attention.
New people seeing eHEX pump, that they can easily get involved in, will likely trigger forward thinking "hang on!
$PLS is down more and hasn't pumped yet! I'll go direct for that and beat the others that aren't willing to bridge yet or buy the blood" .
Sorry no TL;DR, but this was free info so it's just how I felt like delivering it.
$HEX $eHEX $pHEX