The PulseChain Sideshow Tent Is Collapsing
Some version of this comical catastrophe was easily predictable. PulseChain, you see, isn’t just a fork of the Ethereum code, but was pitched as a copy of the Ethereum state. That is, it includes all wallet balances and assets as they existed on Ethereum, apparently as of the mid-May launch. Numerous critics over the years have pointed out that this ignores the vast number of dependencies behind these Ethereum assets, which would break in a dazzling variety of ways if cloned. A simple example would be stablecoins like USDC that are backed by reserve assets. Clones of such assets on PulseChain have no backing, and hence no actual value.
and from Protos: Richard Heart’s Pulse launch flops, users stranded, HEX crashes
Of course, PLSX users encounter an infuriating sequence of gas fees for each step of their attempts to sell. Consider the above, typical PLSX tokenholder. Prior to May 23, they might have attempted to buy PLS over-the-counter at a rate like $0.10. Even if they bought $200 worth of PLS, they would have received less than $1 worth of PLS after its fair revaluation from $0.10 to $0.0002. Not enough gas even for a single swap.
Please read the posts. After the carnage of 2022, the litany of errors reads like the hopiate days of 2021. HEX was launched in late 2019, so the believers have endured a long auto da fe.
“He dumped all the Ethereum that people paid on day one to get his coins,” [Tone] Vays said.
Heart responded to that claim, “No comment, Tone. I got a lot of really cool stuff. I’m selling something for it, ain’t I?”
Define "stuff".
Dare calling it a "conspiracy theory"!
the psychopathocracy is here.
the long con.
no utility token -> no txn -> no utility token
Heart of Darkness, perhaps.
It's super-stupid to copy a whole chain and to ignore dependencies, eg cannot just fork a swap pool if one, or both, of the tokens cannot be duplicated.
A pulse without a heart