CryptoQuikRead_328 - Under a HEX [Goldman Sats]

December 12, 2019 00:35:00
CryptoQuikRead_328 - Under a HEX [Goldman Sats]
Bitcoin Audible
CryptoQuikRead_328 - Under a HEX [Goldman Sats]

Dec 12 2019 | 00:35:00

/

Hosted By

Guy Swann

Show Notes

The scams in the Bitcoin & crypto space are, unfortunately, not low in number. Sometimes the only safe option is to ignore them, but there are the few occasions that require a thorough breakdown of just how the scam works, in hopes of protecting the often naive and uninformed noobs that enter this space. Today we read a piece by Goldman Sats breaking down the inner workings of the HEX scam, and how it is designed for one thing, and one thing only, to take your money.

Listen to find out more!

Don’t forget to drop the max applause on this article and for @TooWumboToFail’s excellent research into how this works and making it available to everyone. And if you ever hear word of someone thinking of participating, don’t forget to send them to this article or episode before they do.
https://medium.com/@TooWumboToFail/under-a-hex-396847b86e57

Here is the "advanced analysis of how HEX works" link buried in the website so anyone who wants to explore further can do so.
https://docs.google.com/document/d/1P0ZDaBQx4ghkdX5IUwZb1n8ThvYf7i22MSt9Gm00JRU/edit

If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

October 13, 2021 00:40:46
Episode Cover

Read_569 - Calculating the Intrinsic Value of Bitcoin [Greg Foss]

"Wake up people, this is not a drill. Contagion risks are increasing due to potential global stagflation... The intrinsic value of BTC has increased...

Listen

Episode

June 13, 2018 01:35:02
Episode Cover

CryptoQuikRead_090 - Sharding Centralizes Ethereum [StopAndDecrypt]

Today we read @StopAndDecrypt’s thorough breakdown of the Ethereum scaling and validation trade-off.  Is ETH an inherently centralizing system?  Find out in today’s Quik...

Listen

Episode

July 03, 2018 00:23:12
Episode Cover

CryptoQuikRead_104 - Crypto-Incrementalism vs Crypto-Anarchy [Tony Sheng]

“Crypto-incrementalists and the crypto-anarchists share strong convictions in the power of decentralization… However, these groups diverge quickly as we move from the abstract to...

Listen