HEX in their website have a separate category defined in the navigation tab which states HEX is not a scam. It also states HEX Starves scams off resources. They also have to state, “if you already understand Bitcoin, HEX is a better Bitcoin.”

There are several explanations in the You Tube titled:  Confronting the founder of HEX – Is it a Scam? What is HEX? How did it gain 2,700 in 1 year.

Peter Schiff shared: HEX is a cryptocurrency based on “proof of wait,” where suckers are “rewarded” for locking up their tokens so those who got in early can cash out. The only ones who benefit from the wait are those who don’t. In the end, those who do will be left holding a bag of worthless Hex!

Community Response:

Can someone explain to me how most things are not a Ponzi? Or a version of it.? If you buy in early then you dump months or years later… Look at PayPal stocks. Netflix stocks. Hell, vaccine pharma stocks pre-pandemic vs. Now. Everything’s a scam, even the FIAT petrodollar.

This is the same thing you said about BITCOIN Peter that argument doesn’t hold “weight” anymore. You’re going to have to bring something more legitimate than a straw man argument now. We have over 10 years of history and now governments are making it legal tender. You were WRONG.

Hex is a well-known Ponzi scheme. And I must admit, you are right this time.

Everyone be nice to Peter. I debate him live in a few days and I want him happy.

Let all my arguments be new to him in a few days. He doesn’t need your help prepping.

Wow, the first crypto tweet that makes sense.

Hi Peter, I wonder what your opinion on bitcoin is.

Looking forward to the interview. Richard is sadly misunderstood by those that never researched/ listened to his videos or interviews. The guy is correct on so many topics. It’s going to be an eye-opener for many.

Sounds like people who bought gold in 2012, had it locked away (in a vault) while hoping to make a profit.

Agreed. Bitcoin is a pipe dream that can never replace conventional money as a widely used medium of exchange.

Peter Schiff, I thought you were into making money with gold and other assets.  Why are you looking into the worst of assets?  How much have you lost while you still wait for BTC to go back to $0?  You could have 4x, 10x or even 20x your net worth in 2-3 years just HODLing.

“Worst? What do you mean? Hex day1~700days (that’s how old it is) outperformed BTCday1 ~700days. Hex is 3rd by market cap! When will be “the best” when will flip BTC? Ps. does BTC pay you to yield while holding? No, it pays the miners with inflation to dump on your head.

I mean Hex might be ok, but it is funny how Hexicans like to toot their own horn by saying how much better it is vs BTC. Many Alta has outperformed BTC just because BTC is more mature and its advantages far outweigh hex or most other alts.

BTC will give you a title.  For once Peter and BTC maxi will agree on something.

Hey, Peter Schiff, I couldn’t agree more. Some things to look at that are some MAJOR red flags regarding Hex (Ponzi):

1) The Origin Address contains roughly 90% of all the hex supply (owned by Dick Heart)

2) The volume does not make sense when compared to the market cap… cont…

1) That applies for most of the crypto (ADA, bnb, sol, etc…) including your precious Bitcoin, where founders and exchanges are holding the majority of supply. The difference is, the HEX founder didn`t dump on investors’ heads. Unlike say…BTC miners

Satoshi has 1 million out of 21 million BTC and exchanges have about 2.3 million. In what world is that similar to having 90% of the supply? I think you should invest in a calculator. Could help.

There is no proof Richard has 90% of the supply. That info was put out to hurt the project.

Gold is a store of value based on “proof of wait,” where suckers are “rewarded” for locking up their Gold so those who got in early can cash out. The only ones who benefit from the wait are those who don’t. In the end, those who do will be left holding a bag of worthless Gold!