Bitcoin.com Exchange's HEX Listing: Controversy or Innovation?

Bitcoin.com Bites Off More Than It Can Chew

So, Bitcoin.com Exchange has decided to jump on the HEX bandwagon, trading platform style. Seems like they might be betting the house on a horse that might be, well, a little on the shady side. On December 13, they officially opened trading for HEX, which has drawn more than just a few skeptical eyebrows from the crypto community.

The Wild Ride of HEX Traders

For those who love a little chaos in their trading, HEX delivers—like a tri-county carnival ride gone off the rails. In its brief debut, trading data shows a wild volatility where HEX/BCH and HEX/ETH pairs took nosedives of 64% and 57% respectively, bringing excitement for traders, and a headache for those who had more faith than a dog at a mailman’s visit.

The HEX Factor: Scam or Blessing?

The creators claim that HEX is designed for prosperity, with enticing promises of free tokens for confirming BTC holdings. But skeptics argue the whole thing looks a bit pyramid-like—like that uncle everyone avoids at family gatherings. The founder, Richard Heart, allegedly has plans to hold a significant chunk of HEX tokens, potentially controlling about 45% of the supply within just one year! Talk about a serious case of self-enrichment.

Bitcoin.com’s Reputation Takes a Hit

This listing might not just be another number on Bitcoin.com’s exchange; it also rings the bell for more community controversy. Roger Ver, Bitcoin.com’s owner, has long peddled Bitcoin Cash (BCH) as the true digital gold, deliberately leaving Bitcoin (aka Bitcoin Core) in the dust. It’s almost like mixing pineapple on pizza—some love it, others are ready to launch a stone-age revolt.

Twitter Fury: The Community Reacts

It didn’t take long before Twitter exploded with criticism aimed at Bitcoin.com. Disbelief spread like a viral meme, with responses ranging from confused emojis to outright disbelief. Colin Talks Crypto, a well-known podcast host, went straight for the jugular, asking, “Why would you do this?” leaving little room for interpretation. It’s hard to say if Bitcoin.com has made a brilliant move, or if they just stepped out into traffic without looking.