So, I have been following Bitcoin since the whitepaper and really started to make the crypto space my primary off work hours focus since the beginning of the great bull run of 2017. I follow everyone I find to be intelligent or provides access to intelligent people in the crypto space. I regularly watch/listen to content from Richard as well as many of the people he has been arguing with since the launch of HEX. With that out of the way here is how I view this project for other Maximalist(ishes) out there.
Let's start with the big controversy of the project, Richard. This is where most people get stuck on this project as he is a bit narcissistic and does assume everyone is like him in the sense that they only care about the biggest ROI possible. He is so far wrapped up in his own cleverness that he fails to see the deeper meaning people get from Bitcoin. He will openly insult the intelligence of those of us that view Bitcoin as the obvious choice for a vote of no confidence in the current financial system, to him that is just a silly dishonest narrative maximalists tell themselves. I increasingly have to turn off parts of his interviews. I am also going to write the rest of this under the assumption that Richard has %100 control of both the origin and flush addressees.
However, Richard is also a very intelligent person who, believe it or not, does actually derive satisfaction doing right by people. In some ways his ego is justified as many of his views are incredibly insightful and he is very honest with people about how he sees things. It's his inability to see where someone else is coming from, especially when he deems them too stupid to have opinion, that makes those gems come out tasting badly to most people. When he feels personally attacked (which he has no doubt felt a lot of with the scammer label recently), he personally attacks back which comes off even worse. The effect is kind of like serving someone a Wagyu steak on the lid from the garbage can out behind your house, then wondering why the person doesn't want to eat the steak.
But, He is %100 accurate in his assessment that he would have the SEC all over his ass if he promised or said anything about the planned use of the origin address or flush address funds. So yes, he has to leave people with the possibility that he could totally dump all that origin address ETH and HEX, then spend the rest of his life on a beach with scantily clad women bringing him fruity alcoholic beverages all day. But the other possibilities, the ones he actually can't talk about are that he uses those funds to increase the value, market, onboard more users, and get HEX listed on big exchanges. Once again, He can't say that because if he did, HEX could be considered a security and here comes the SEC.
If you can't tell by now, part of me has felt kind of kindred to Richard, as I have come off the same exact way to people in my career. It's hard to be way more intelligent on a subject than the people taking the other side, because you can't find a way to even point that out without coming off as completely arrogant and narcissistic. But, they will form an opinion regardless.
So I am going to finish by giving you the cold hard analysis that Richard would give to HEX if it wasn't his baby.
If you HODL Bitcoin it would actually be a good idea to find the time to figure out how to claim your free coins and do it, because there is chance he could do right by the people supporting him and use those massive bags to add value to HEX. And, even if he were to exit scam the project, you have lost an hour or two figuring out how to use the signing function in Bitcoin and use a smart contract in Ethereum (activities which have intellectual value in and of themselves).
However, Using the AA to acquire HEX using ETH means you are a sucker, even if you do get rich doing it. Anyone who would part ways with a crypto of proven value for one being marketed with techniques used primarily by scammers should not be managing their own money. Yes, there may be a few exceptions for those paying close attention to the price on DEXs and the AA numbers then using that to guide their decision making, but overall it is a bad idea that is highly unlikely to pay off. And, while I do lean towards Richard having the best of intentions right now, he will always do what is best for Richard. So how is he going to feel about exit scamming after a year or 2 of everyone in the crypto space calling him a scammer?
For my part, I wish Richard well as he has provided me plenty of good information (and free HEX), in spite of what I disagree with him on, and I will hold off judgement of HEX until I see what he actually does with those massive bags.
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