Home
News
Richard Heart: The Background
Famous as Richard Heart, Richard Schuele is an author, philanthropist, and YouTuber. Since cryptocurrencies have become mainstream, many innovators have come forward and tried to introduce new and better technologies. Richard Heart is one of those innovators who seek to bring change in the game of the crypto world. Richard is the founder of HEX, a unique and revolutionary cryptocurrency.
Richard Heart had a normal childhood. He did his education at an inter-school city school. Interestingly, he was among the few white kids in his school with predominantly black pupils.
Recalling his school days, he shares in a YouTube video that his school was a “school of nerds.” There was no dating culture, fashion shows, or cheerleaders. He says he was surrounded by smart people and was not much of an academic person.
A significant part of his early childhood involved innovation and entrepreneurship. One of Heart’s friends started a computer business in his basement, which inspired Richard to start his own business. Heart started an at-home stereo business. Later, they even collaborated on another project and built a shopping cart platform. These experiences must set a strong base for his successful business in the future.
Later in life, Richard Heart bounded with his colleagues on business ideas. It looks like these weren’t some random conversations as he later started a mortgage business. He worked on SEO or Search Engine Optimization and conducted pay-per-click management (PPC).
Heart reached quite a comfortable position in his position where he was making $60 million per year, quite enough for anyone to retire and backpack for a world trip. He came across Bitcoin for $1 through Reddit. However, unlike average crypto enthusiasts, he dug deeper and found drawbacks of Bitcoin, which led him to create his own cryptocurrency, HEX.
The HEX founder even predicted the Bitcoin price to be $20,000 at the time when it stood at just $5,000. He even forecasted the price of Bitcoin $60,000 in 2019.
However, he is not a big fan of the Bitcoin founder, Satoshi Nakamoto. Heart even confronted Craig Wright, a computer scientist who claims himself to be the founder of Bitcoin, in person.
In an interview, Heart explains Bitcoin’s intent was to eliminate middlemen, not include them. He felt Bitcoin has matured in a way that it has deviated away from its true-original intentions. With HEX, he aims to cover up the drawback of Bitcoin in a way. To understand what HEX actually does, let’s get a brief overview of HEX.
On being asked about ICOs, Heart says ICOs are a “terrible idea” because, according to him, investors have limited rights. He points out many unsuccessful ICOs in the past.
Hex
HEX is not like regular cryptocurrencies. It is different because besides allowing the trading option to users, it also gives them interest on their locked money. In simple words, HEX is a digital contemporary to CDs or Certificate of Deposit.
Our traditional banks have for years paid us interest on locked money. However, the profit we earn is not very lucrative because the value of our money is constantly decreasing. For a dollar, the number of things you could buy a decent number of things a decade earlier. Now, however, there are very few things you can buy using a dollar.
Heart’s cryptocurrency, HEX, renders users a high interest in their locked digital money. It is an ERC20 token that was launched on the Ethereum network in December 2019. HEX utilizes DeFi Ecosystem in crypto assets within the Ethereum Network.
ALSO READ – EVERYTHING YOU NEED TO KNOW ABOUT GBTC PREMIUM: GBTC & GBTC PREMIUM TO NAV CHART
HEX is also the first cryptocurrency in the world that shows a chart of its future locked supply. This helps traders plan accordingly and know when the big stakes will expire, increasing buyers’ faith in their investment’s future value. In order to present more enhanced and better future data, HEX world towards improving price discovery and reducing the volatility through the incentivization of the market.
Richard: The Philanthropist
As also mentioned earlier and widely known, Richard Heart is a prominent philanthropist. He utilizes his time by helping people. He conducts free chat rooms, makes free videos, free coins, and authors free SciVive personal development books. He also encourages people to stop gaming, drinking, smoking, and gambling. He is a big advocate of medical research.
In one of his interviews, he mentions that whatever he has gained from his life experiences, his school days, his startup learning, roaming across the world, and running a successful multi-dollar company, he is using all of it to help others live an enriching life.
In Richard Heart’s book SciVive, he talks about nine secrets that he believes are needed to win in life. His primary focus is to make people understand various aspects of life in simple ways. He also backs the school of thought that money is essential but should not be the only motivation that drives you to work.
Richard Heart Views On Crypto And How He Helps People In Crypto World?
According to his official website, in the crypto world, he helps people by getting them to:
- His platform HEX, which holds more than 300,000 BTC minted for free, lets Bitcoin Holders Mint millions of dollars of free money.
- He encourages people to mint millions in free money by getting them to use Uniswap, 1inch, and tornado.cash early, hence making them eligible for their free airdrops.
- He advocates for people to take charge of their own key, protecting them from exchanges eliminating counterpart risk.
- He also advises people to use software that’s been audited for security so that their money is safe.
There are also rumors that HEX is a scam and Richard Heart a scammer. What are the possibilities? HEX appears to be a scam, maybe because of factors like Richard Heart’s skeptical lifestyle and history or since it is a Ponzi Scheme. In addition, Richard controls a huge 88% sovereignty over the token, which makes him the only legitimate whale in the system.
Whatever the reason may be, cryptocurrencies such as HEX demand great caution.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
