Xen Crypto Bullish - Hex Problems

Welcome back to the channel and I hope you all are having a great day. So today I want to talk about, um, some of the latest news that's happening, uh, with Zen. Um, Zen, I think, is starting to show some very bullish signs, right? Um, and I think a lot of that's going to be incoming, uh, or related to some of the negative news that's happening with the HEX community. And the reason I'm kind of, uh, coming to this conclusion between these two communities is that, uh, I think that people are starting to see some of the dangers in association with HEX, and much of that community may begin to shift to the, to the XEN community. And the reason I'm saying that is it's not so much that I'm so, so much pro-XEN and so much anti-HEX. I'm actually not anti-HEX at all, but again, the purpose of this channel, we try to provide all the information available and not, uh, become the very thing that we tried not to be, uh, when, uh, Bitcoin, uh, created the idea of the maximalists, right? Uh, it would seem that certain communities, and I think HEX has become one, has become the very thing that they didn't like about Bitcoin, and that's maximalism, right? And that's becoming this Hex maximalist where everything else is not a good cryptocurrency, right? So it seems like Richard Heart did the very thing with his project that he's, you know, spoke out against the Bitcoin community about, right? And much like any cult, I become very skeptical once that cult starts to talk about uh, there should be no consideration of other cryptocurrency projects, or that, uh, you know, there's— they shouldn't have any competitors where it's better products, um, and so on and so forth, right? But in any event, uh, there's this question going out right now, um, that is this information with the SEC that's been put out there? Is it FUD, right? Or is it— or is this just a means for the HEX community to try to protect the value of HEX and the integrity of HEX as long as possible? Uh, if it's not FUD, right, uh, my thoughts are whether it's FUD or not, it really doesn't matter. And the reason— the reason being is that Because HEX, as far as I can tell, it occupies all of the characteristics of what the SEC would look at as a problem cryptocurrency, right? It's raised way too much money, you know, billions of dollars, right? That immediately put it on the, on the, uh, on the, uh, under the microscope of the SEC. But then there are all of these, uh, questionable things going on, uh, about all of this money just locked up in the origin address, right? That origin address wallet, uh, has become the Achilles heel, I believe, of the Hex community, right? And that's why I'm looking at where XIN could become very much a replacement for the Hex community, right? I think that is very likely. Uh, again, I don't think it matters at this stage if those SEC documents were legit or not. And the reason being is that I think because HEX occupies the characteristics of the type of project the SEC is probably going to come after anyway, uh, that is probably— even if these are fake documents, it's probably still just a matter of time. Before HEX would be targeted in this manner, right? I don't doubt it at all. Uh, even this type of news, as big as it gets, it just further puts HEX under the SEC microscope. So maybe if the SEC wasn't considering HEX before, probably is now. So, uh, it's probably gonna go down this road, right? It's probably going down this road. Um, yeah, it's saying that in the, in, in the letters addressed to certain individuals that they believe the influencers who got these, this research information or these, these, uh, these, uh, notifications from the SEC, these subpoenas, uh, we believe that you may possess documents and data that are relevant to an ongoing investigation being conducted by the staff of the United States Securities and Exchange Commission. Now, isn't Cointelegraph supposed to be somewhat legitimate, uh, crypto news source, right? Are they just putting stuff out there? The letter was accompanied by a subpoena that was issued as part of the investigation, which demanded the influencers in question to produce required documents by November 15th, 2022. So by November 15th, 2022. So I don't know, I don't know, guys, if this is legit or not, but as I said, it probably doesn't matter. Some people are saying it's a phishing, uh, it's a phishing scheme, right? And these people producing these documents. Now the thing about it is, um, again, I will say this, um, even if this isn't true, it's probably likely that the SEC will come for HEX either way, um, at some point in the future. And it then is more or less a question of not so much is this legit, but if you're a Hexican, what are you going to do? Like, is this going to affect the price of HEX? Uh, is HEX going to go the way of the other, uh, projects that have been under the gun of the SEC. Because, uh, if history serves me correct, what, what I've noticed is that every, uh, uh, coin that's been targeted by the SEC, uh, has lost, right? Not only have they lost, but value-wise they have suffered and dropped a lot. And there's many reasons because for that, you know, and no institution is going to be able to get involved with it. You're just going to be basically funded by retail investors, right, uh, is going to cap off your growth, right? You're only going to be able to go so far in this space, uh, because, um, you know, of the risk posed by, uh, the full force of these governments coming at you, right? And that's another thing, uh, you know, like oftentimes if the SEC, if the United States is banning your cryptocurrency and not your cryptocurrency, it's probably likely that other nations are going to follow suit. So it's going to, you know, create some problems there. Um, you know, what I'm suggesting is by default I could see ZEN becoming a victor in this situation. Now guys, this is what you all have to Some of you guys watch the video, uh, oftentimes you all don't comment on this. When you do comment, it's not about what I'm trying to say to you now. So here are some, some problems, guys, with all this going on with hacks, or potentially going on, or will potentially likely be going on. Uh, um, you know, what's happening is many of you guys aren't changing your habits, right? Some of you guys promoting Uh, what is being deemed as, could be deemed as, uh, you know, um, unregistered securities, Ponzi schemes, and so on. Uh, many of the content influencers and creators out there, they're still promoting these projects, right? Uh, then these projects crash and burn and they lose a lot of their viewers' money, and then their viewers leave their channels and, and they lose in that regard, right? you as an investor, you lose your money, right? Uh, when we have very intelligent people in the space telling you all that probably makes more sense to mint a free cryptocurrency like Zen. Now, uh, as many of y'all know, I'm not saying Zen is perfect and that this can't happen to Zen, right? Uh, Jack Levin came on the scene, he created this coin rather quickly, right? We should be skeptical of it to a degree, uh, much like people were of HEX and many of these other cryptocurrencies, right? But the thing that's helping Jack Levin out at this point in time is, number one, not only, you know, are you able to mint it for free and the money's not going directly to him, but he doesn't seemingly have any, uh, wallets, uh, that are assigned to him that is carrying a great amount of ZEN. Now Could Jack Levin be on the back end? Could he be colluding with people? Could it be entities he's in charge of, so on and so forth? Yes. And if that's the case, uh, that's a problem, right? That's a problem. But Jack Levin is still coming off, uh, um, uh, opposite, uh, uh, how Richard Hart was, where he would just say don't worry about other people's money, uh, you know. As to say if it is his money, uh, and it's all his control over the— over the— over these, uh, networks and these— these projects, that, uh, it should be no concern of anybody else's, and he controlled the network, so on and so forth. It'd be a centralized network. It shouldn't be our problem to worry about. Uh, but Jack Levin, he does the opposite. He comes out straightforward and he says that He doesn't, he didn't mint a lot of Zen at the beginning and so on and so forth. So he presents the idea that his acquisition of his Zen and his, uh, his rank was, uh, about as fair to launch as anybody else's. Now again, that could not be true, and that's why I'm not any coin, a maximalist in any coin, right? Except maybe my own BitcoinMYK. But even if that's the case to a degree, uh, and you're in these HEX communities and PulseChain communities and so on and so forth, where there may be severe legal consequences coming, uh, to these projects, to your money, and in some cases directly to the influencers and the channels, right? You guys out there talking about these projects, right? Uh, putting yourself in legal hot water in some cases, right? Um, now with Zen, right, again, at this point in time, uh, the concept is we know you can get it free, you can mint it free, seemingly for a very, very long time, or seemingly forever, right? There isn't any cap off or anything like that, so to speak, where, uh, you know, somebody can't really have an unfair advantage to it severe degree at this point in time. Now, maybe far in the future that might change, right? But for now, on paper, Zen seems and looks better and demonstratable better or demonstrable better than Hex, uh, did in its beginning genesis and so on. My problem with you guys is this, right? You have a problem obtaining a free cryptocurrency, projects like Zen Crypto, BitcoinMYK that are absolutely free, but you're willing to risk all your money in a project that is likely gonna be hit by the SEC, likely is gonna cost you money. And, you know, it just is hard to understand the mentality mental thought process behind that, right? I understand how greed works and I understand how opportunity works, but there is a pattern in cryptocurrency that we've seen time and time again with these projects that emerge and have these big gains and then they're targeted by regulatory bodies and then they disappear, they go to nothing and people lose all their money. And it's a repetitive pattern and it's a pattern that we can kind of instinctively know. Uh, we don't really need a lot of information. It doesn't take a lot to look at HEX and POLS and how they're constructed and see that that's a problem, right? That, that these are problem. And, and look, let me be clear here. Richard Heart could be very benevolent. He could mean well in all of these things, right? Uh, and he could have no intentions of harming anybody. But the entire point of crypto is the idea that we don't— we shouldn't have to even— that shouldn't even have to come into question, right? We shouldn't have to accept, uh, Richard Heart or anybody else's benevolence to do the right thing. Uh, also, you know, in the article, if it's true, uh, there seems to be information from Richard Heart teaching people how they hide their chats from the SEC and any kind of legal information that could assist them, uh, which makes the Hex community look even worse, right? It doesn't make you look, uh, you know, innocent or, you know, anything, uh. And if you're not a security, then you shouldn't have to worry about any of those things, right? So it's very troubling when you think of it in terms like that. Uh, the problem, guys, is that the projects that look good and that seem to do everything fair in the right way are the ones that you all seemingly avoid, right? And put yourself in a dangerous position. Even with Zen, right? Even with a pedigree like Jack Levin has, you know, being one of the first employees at Google, being a very smart, intelligent person, uh, creating these projects, uh, that are absolutely free for you to jump in and gain value through. Uh, there are people who are still, uh, talking about they don't want to mint a free cryptocurrency. They're talking about their, their, uh, uh, you know, they'd rather invest in these high-risk cryptocurrencies. Does that make any sense to you all? Not only should, in my opinion, people be minting and getting involved in free projects like Zen, they should be getting involved with every free project. Projects like BitcoinMYK that you don't even have to sync your wallet up. I mean, you know, that is very deflationary and, and, uh, it's building up network value and network effect. Uh, any of those projects like that, right, where They, they, they, they are seemingly conducted by legit people, uh, that don't need your money, right? That have created the product for you to come and use without you spending a dime. It was already there. And that's a, that's another problem I, I have with the Hex post community, right? Uh, that even though allegedly Hex made all these billions of dollars, right, for all of the participants it was still necessary for Richard Heart to raise even more money in the Pulse community, right? Just after more and more money. And, and now he's created this storm of people who think he is a scammer and, and has all their money, right? Uh, but the thing is, why did he need to raise more money? Why not just Have HEX be the coin of the Pulse community, of the PulseChain, right? Build the darn thing. What he could have did it with all