Bitcoin Forum

Welcome everyone to the HyperStake development journal. Here we will share our thoughts on HyperStake on a bit more personal way that we do on the official HyperStake thread (https://bitcointalk.org/index.php?topic=678849). Not that we feel constrained in any way of course, but we feel it is better to have two different threads for two different goals - one for the coin, one for more personal considerations - and as a courtesy to people not interested in long theoretical speeches.

The title itself is an obvious nod to one of my favourite thread, tokyoghetto's late HBN Investment Journal (https://bitcointalk.org/index.php?topic=406112.0) (by the way, this thread will be self-moderated, so no abusive trolling problem here). I really enjoyed reading tokyoghetto all these weeks and he was instrumental in my interest in PoS. So tokyo, if you read this, a big thank you.

Thanks to the polysemy of the word development I can use this word in the title without being incorrect. So I will mostly speak here about considerations regarding the future of HyperStake, the faster-than-light crypto.

1. Project management (https://bitcointalk.org/index.php?topic=784363.msg8850667#msg8850667)
2. Inception (https://bitcointalk.org/index.php?topic=784363.msg8879306#msg8879306)
3. Stone=1; Birds=many (https://bitcointalk.org/index.php?topic=784363.msg8890493#msg8890493)
4. Where no coin had gone before (https://bitcointalk.org/index.php?topic=784363.msg8904098#msg8904098)
5. HyperDigest #1 (https://bitcointalk.org/index.php?topic=784363.msg8948505#msg8948505)
6. HyperDigest #2 (https://bitcointalk.org/index.php?topic=784363.msg9036441#msg9036441)
7. Live and let dump (https://bitcointalk.org/index.php?topic=784363.msg9052046#msg9052046)
8. Rich man's problems (https://bitcointalk.org/index.php?topic=784363.msg9146688#msg9146688)
9. The virtues of inflation (https://bitcointalk.org/index.php?topic=784363.msg9156037#msg9156037)
10. HyperDigest #3 (https://bitcointalk.org/index.php?topic=784363.msg9189873#msg9189873)
11. Hyperstake for everyone - Stake and Cash (https://bitcointalk.org/index.php?topic=784363.msg9211300#msg9211300)
12. Miners dump, stakers don't (https://bitcointalk.org/index.php?topic=784363.msg9229882#msg9229882)
13. HyperDigest #4 - HyperStorm (https://bitcointalk.org/index.php?topic=784363.msg9249403#msg9249403)
14. Teaming up for new heights (https://bitcointalk.org/index.php?topic=784363.msg9269788#msg9269788)
15. HyperPool, the first PoS pool mining (https://bitcointalk.org/index.php?topic=784363.msg9329024#msg9329024)
16. Max generation and its consequences (https://bitcointalk.org/index.php?topic=784363.msg9367805#msg9367805) (mostly incorrect)
17. Network security and why it matters (https://bitcointalk.org/index.php?topic=784363.msg9689768#msg9689768)
18. Features galore! (https://bitcointalk.org/index.php?topic=784363.msg9768803#msg9768803)
19. Feature: disablestake if X (https://bitcointalk.org/index.php?topic=784363.msg9768902#msg9768902)
20. HyperDigest #5 (https://bitcointalk.org/index.php?topic=784363.msg10561052#msg10561052)
21. Development entry not in the development journal (https://bitcointalk.org/index.php?topic=784363.msg10626395#msg10626395)

Excellent David. Look forward to this thread and topics!

Awesome idea David  ;D

Alright so where should I start? Oh yes. The Holy Trinity.

I like to say than when you want to create a project (and make it work), you shall focus on these three things:

1) Gather a (good) team
2) Focus on what really matters
3) Keep on going
(addition from my teacher: have a vision)

I have some experience with managing groups. I started with Might and Magic: Heroes Kingdom (http://mightandmagicheroeskingdoms.ubi.com/) (I just learnt they shut it down on September 1, 2014, two weeks ago) - I still remember what it felt like to be one of the very first users (it was French-only by that time), a bit like I felt on these days of April 2014 with Monero. On MM:HK, I learnt to handle an alliance, to be sure people were happy, to delegate, to negociate, to grow... and to spend too much time on it, to develop bad sleeping and eating habits, to endanger the rest of my life.
Later on, I created a still-running publishing house, Scriptarium (http://scriptarium.fr/) (Fighting Fantasy and Lone Wolf) and I learnt (we learnt) to face adversity and calomny, to handle growth, to get a reputation as being reliable enough that we are routinely signing international contracts. And again I learnt how do delegate better, how to spare my own life more, how to better handle stress and criticism and, maybe more importantly, to be proud when the pupils became better than the master (hint: the master was me).
Same again for the International Longevity Alliance (http://longevityalliance.org/) and, closer to what is at stake '(oops, pun not intended), with the Mintcoin Fund (http://mintcoinfund.org/), the world first-legally registered NGO for an altcoin. I'm so glad I found Jessica Hartmann (happy birthday, Jess'!), she is doing an awesome work with the team on Mintcoin.

In all of these projects, a good team was instrumental. The more it goes, the lesser the time ratio of my time over total time on a project, because the more proficient I became at finding people who would do better than me and be happy about it.
A project is as good as the people running it. Remember this, always. And always remember that strength doesn't come from uniformity, but from diversity. The great Saint-Exupery once wrote (Citadelle, 1948): "If you differ from me, my brother, you do not hurt me; you make me richer".

This is how I approached HyperStake. Two souls both different and similar. Presstab is a great coder, I've seen him working on TEK, MINT and NOBL. I do not code (save HTML) but I dare say I have some ideas and I'm pretty good with communication. And above these complementary differences, we both have the same thirst for honesty, exploration, optimisation and giving something to the community.

And thus came HyperStake.

(to be continued)

All I can say is Bravo David!

Good post David, interesting to hear about your background.

You are a very professional project manager, David, and your projects are the proof of it.

Thank you everyone, I'll try to post at least once a week, but I can't promise. Presstab, mafort1469, zeewolf, feel free to post to about coding practices, management practices, background... this is HYP dev journal, not only David's. But you can also just read, no problem either :)

We decided to create HyperStake for at least two reasons:

• We wanted to experiment in cryptoeconomics. Only by doing our own coin we could place an emphasis on experimentation ("something crazy like 750%" dixit presstab), without the burden of existing holders feeling betrayed. So the creation of the coin itself was an experiment, since it became the very first fork launch (http://hyperstake.wikia.com/wiki/Fork_launch) (that we know of).
• We wanted to do something good for TRK holders who got burnt by what was by then (that is, before noise23's take over) just a fast-POW-dump-on-POS coin like many others. As the ANN says: "After buying into TruckCoin and seeing the diminishing exchange rate because of lack of dev support, we decided to take things into our own hands. We are giving the TRK community a chance to make their coins worth something again.  We get to take the coin into our own hands through a voluntary hard fork and we plan on adding many features through time. Join the experiment with us.". Caritas at work.

Then came the time to choose the name. We did not want the name to end with -coin but that was our only requirement. Then lighting stroke:


Tadam!

(to be continued)

P.-S.: Three anecdotes.

• 750% was first considered for NOBL, but technical difficulties prevented (and still prevent) a pure PoW like NOBL to become PoS. So we recycled the idea for TRK.
• TRK was supposed to have a min age of 8 hours, like Blackcoin - and that's why I was interested in it first : 200% like BottleCaps and min age 8 hours like Blackcoin. Unfortunately, the so-called "dev" of TRK messed something up and the min age became 8.8 days. I wanted this fixed for HYP but ultimately it was not (presstab could not wait to launch HYP :), so we have 8.8 days. I still miss the 8 hours, but well, c'est la vie.
• I planned the original ticker to be HYPE, but several people (including me at a time), were concerned with this ticker giving HyperStake a bad reputation. So we sticked with HYP.

Love it David. Great that you still have the original posts of how HYP came to be. One day a book will be written on HYP and how it changed the crypto POS world.

I like to kill several birds with one stone. So my first idea (I'll let presstab write about his first idea) was that what we'll learn with HYP would be used for NOBL. At a time, I even considered fork launching NOBL for a new crypto called NOBLE (like TRK => HYP), but it seems the technology couldn't fly (or at least, presstab could not make it fly).

It is not only HYP to NOBL. It is also XMR to HYP. What I learnt with Monero, I try to use if for HyperStake. Some examples:

HyperStake account. Get generic accounts for ease of updating OP (like HyperStake (https://bitcointalk.org/index.php?action=profile;u=353820) for use by the core team and HyperStake-extended (https://bitcointalk.org/index.php?action=profile;u=353822) for use by the community management team, modeled after Monero (https://bitcointalk.org/index.php?action=profile;u=319826) and Monero-extended (https://bitcointalk.org/index.php?action=profile;u=344727), respectively).

IRC matters. IRC is all too often downplayed. I was in Monero from day one, I saw how the activity rose on IRC. IRC is like meeting some buddies IRL and only after posting on forum - like after-party mentions on social networks. I wanted to emulate the same activity for HyperStake. I have to admit at the beginning I felt I was presomptuous to compare Monero and HyperStake. Fortunately, I was wrong :).

Emulation works. Give some exclusives on IRC, so that people have an incentive for coming there. Have a tipbot, too. Promote new usages and creativeness. Be there and be kind, people want human contacts, we are not machine ("why I moved from Forex to crypto? Community" source (https://bitcointalk.org/index.php?topic=577220.msg6301990#msg6301990)). Dedramatise involvement; "fun" means "don't be afraid of trying". Finally and most importantly, be lazy: just bring the fun in and let the community do the work for you. The community has ideas of its own. That's how the lottery tipbot came to fruition - pure community.

By the way, you'll get a nice bonus by doing this.

At the time of writing, some other such inspirations are on the way. No, I won't tell you :)

Very interesting topic. Kept in my bookmarks.

Just happened (https://poloniex.com/exchange/xmr_hyp).

cool, and it seems monero whales might buy some hypers ;) if the market starts moving

I will definitely watch the volume here. Volume = market has confidence on HYP.

HyperStake is hyperactive. We are releasing features very frequently. Why? Not to pump the price, just because we like to do it. Of course, the features have to be useful. Being sort of old-timers in high-PoS does help.
Some features we developed:

Device support
Raspberry Pi
Thanks to Sluppy for much of the work. Apologies guys if I forgot some people, just mention it and I will correct.
Raspberry Pi are very useful because the are low power (3W?). HYP wallets benefit from being online 24/7, whilst not requiring much power. In short Raspberry Pi and HyperStake are made for one another.    

ARM
We plan to have Android and iOS wallets. Staking ones. Sure, they will drain your battery, but you could turn this off. Now, out of the fun part, is it really useful to stake on wallet? You should not have most of your coins in a device that you can easily lose/get stolen like a phone or a tablet. Thus what you have in mobile device should be for buying, so hardly time for staking, especially since buying would more often than not imply destroying your coinage. For the moment, I see no reason for a staking wallet on mobile device, out of the sheer fun (which is important, and maybe central in HyperStake).
In any case, having working wallets on ARM is important, because I envision ARM to become an even more important part of the computers in the future. A company (which was sadly way to ahead of time) was even designing ARM CPUs for supercomputers.

Inflation control
That's what scares most people, especially in a deflationary environment like Bitcoin and with crazy-high interest rates like 750% (even 20% seems crazy when compared to real world but you just can't compare the risk in real-world and the risk in Cryptoland - the risk must be mitigated accordingly).
The danger is exagerated, but there is still a danger of spiraling in hyperinflation. That's why most high-PoS coins introduced several mechanisms. The best-known is NoVaCoin Stake (NVCS) but we decided not to use it (Presstab could explain in more accurate terms why we did not use it).

Instead, we are using two other inflation control mechanisms: max subsidy (http://hyperstake.wikia.com/wiki/Max_subsidy) and max generation (http://hyperstake.wikia.com/wiki/Max_generation).

Max subsidy reduces compounded interest and economically encourages increased security - if your block is so large that you would get more than 1000 HYP by staking, the HYP above 1000 are lost, so you'd better have several smaller blocks instead of a giant one. In turn, several smaller blocks will take longer to stake, so they will secure the network longer (provided you leave your wallet open, which in turns is more of an incentive when you have several block almost to the point of staking than when you know there is no chance you stake before long).

Max generation works this way: the daily generation is capped. We are presently at around 20% of the maximum (960 000 HYP per day) but we will eventually arrive to it. When this will happen, I expect the price of HYP to increase because of scarcity - assuming adoption continues to extend. That bothers me a bit because this would lead to a situation similar to block halving, which I personally dislike. We are considering ways to "smoothen" this max generation cap. No promise we'll find a way. If we do find a way, this will be integrated into the "mega fork" that we will implement in several months and that will integrate a lot of changes all at once - the goal being to minimise the amount of changes for the holders and exchanges.

Staking management
We say HyperStake has the "Most Advanced Coin Control Wallet" for a reason. It really has, it's plain fact. And with max subsidy, this is not a gadget, this is actually useful. You'll see plenty of discussions regarding the "sweet spot" (fastest reward without wasting coins because of the 1000 HYP barrier from max subsidy (hint for finding it (https://i.imgur.com/AZUaCHh.png)). Still, there is an issue here: people would have to merge the split blocks every day (for the block with less than one day of age). Ultimately, only devoted holders will do it, so it would lead to a concentration of coins. Worst-case scenario, it would lead to the coin being abandonned, because it is "too cumbersome to manage". An automated system would act as an equalizer. One more thing to consider for future coding.

New uses of staking
The combination of very high interest rate, pretty quick min age (8.8 days) and focus on experimentation paves the way to new uses of staking, beyond "I hoard and I get rich" (look at what is going in real estate with such a mentality). This is really what makes me the most excited about with this coin. Following the footstep of Apple, I proposed that major features would have a catchy name. Apple has CoreAudio, Grand Central, AirPort, FireWire, ThunderBolt... HyperStake has two initiatives: HyperShield and HyperSend.

HyperShield
The HyperShield (http://hyperstake.wikia.com/wiki/HyperShield) initiative is oriented toward protecting the coin (the name comes from Blackcoin's BlackShield). Below are some of the instruments.

• A pledge for a buy wall (sell 25% or your stake every month and devote a part of this profit to a buy wall, itself being coordinated by the community).
• Using the endowment (http://hyperstake.wikia.com/wiki/Endowment) function to have self-sufficient faucets and community bounties "staking bounties" (which in turn requires some maths to know how much should be used during every staking period to avoid reducing the principal sum). The rationale is that faucet and giveways encourage people to care for HyperStake even if they don't have much.
• To maintain intentionally small blocks devoted to security only, since they will take a lot of time to stake.
• Using the HyperSend feature to increase adoption and encourage liquidity (Poloniex already gave his agreement for "staking to exchange")
• A buying bot for market making (https://bitcointalk.org/index.php?topic=678849.msg8630934#msg8630934), further increasing liquidity, which is a plague of high interest securities.
• Hopefully we’ll find way to ensure a better distribution of coins too. I did not run the maths about coin distribution, but we should do our best to have a better distribution. Concentration leads to the demise of a coin (one could argue this is the problem now with fiat graph (https://lh6.googleusercontent.com/-NyofRpNsnJw/UThwJM4WrMI/AAAAAAAADWk/UmbZSXGyBkE/w1118-h603-no/inequality.png), video (https://www.ted.com/talks/richard_wilkinson), by the way). Speaking of that, I’d like to have something similar to a Gini index but for HYP and others, to compare - but since every one can have multiple wallet, that makes it difficult a discussion on this (https://bitcointalk.org/index.php?topic=320404.msg6713962#msg6713962).

HyperSend
The HyperSend (http://hyperstake.wikia.com/wiki/HyperSend) feature is a generalisation of Stake for Charity (S4C), a great innovation by Tranz. Stake for Charity allows to automatically devote a part of the staking to a secondary address, which is turn will be used for donating to a charity of your choice. Historically, Stake for Charity was not even implemented in the GUI wallet, it was a RPC-only feature. True to the great relation between presstab and Tranz, presstab created the GUI wrapper and Tranz used this code to integrate it further into the HBN wallet.

Stake for Charity further evolved into some more uses in BottleCap, the second coin Tranz is taking care of. Here, it is called Autosaving and its goal is mainly to backup some coins to a cold wallet, for security, including against oneself (compulsive spending, anyone?).

Why not push the limits further? Ultimately this is not about charity or about saving, this is about automatically sending a part of your stake somewhere else. Hence the term HyperSend.

Possibilities are endless. On top of the above "charity" and "cold wallet" options, it is now possible to automatically send a part of the stake to an exchange (Poloniex already agreed), for selling. This will in turn encourage liquidity since people will have HYP ready to be sold. Since it is not automatic, it won't lead to contant dumping like multipools. And since exchanges usually do not stake (for obvious security reasons, staking requiring a hot wallet) holders will still have an incentive to sell from time to time (money on the exchange is basically sleeping money). Another possibility is to automatically send HYP to friends to make them aware of it in an way that both incite them to pay attention and doesn't hurt you - you are giving a part of your profits, not your principal sum. With some extra coding yet to be scheduled, (namely, timed sending for, say "I stake for my friend for 30 days then he is on his own and I stake for another friend"), this could become a very effective way to spread the "HYP love". Yet one more option, for later, is to arrange contracts with merchants, for instance to get a free coffee every month or week. You send HYP to a merchant's wallet and once you get enough, they offer you a coffee or a meal. "HyperStake: there is such a thing as a free lunch."

Have fun
HyperStake is meant to be fun to use. Fun means adoption and, remember, game is the second most efficient way to learn (the most efficient of all is shame, but this is hardly a pleasurable one).
So, among other things, HyperStake will be the very first wallet (that we know of) to implement skins — and on the fly theme switching, on top of that. Yes, you'll be able to choose between different appearances. The default appearance will be called HyperBlue (see a trend, here?) and once the feature will be released, there will already be a second layout to choose from, called Poloniex, in hommage to the biggest exchange for HYP (we received legal authorization from Poloniex to use their name).
In turn, having a themable wallet make it easier to have a theme for children - remember what I said about learning? financial illiteracy (https://en.wikipedia.org/wiki/Financial_literacy) is plaguing the modern world. Piggycoin was the first coin to try to address this topic and we believe that HyperStake with HyperSend could help raising awareness on sharing and saving - plus the ease of keeping track of spending thanks to the blockchain technology.

I hope I gave you some more reasons to get interested in HyperStake. Now is a good time to buy or hedge HYP with Bitcoins or Monero (https://poloniex.com/exchange/xmr_hyp).

Nice post David, i'm very happy with my advanced hyper staking wallet, but reading about new features is good.

Gini Index for HYP and other high PoS coins with decent adoption and market cap levels sounds sexy!

Interesting...  I've watched hyp but have not bought it.  You're concerned about hyperinflation so you'll use two inflation control mechanisms.  One can be worked around, the other will not take effect for a while.  Why build a coin with 750% PoS and then be worried about hyperinflation?  This seems a bit asinine.

To make a point: very high inflation rate can be managed if done well. Remember HYP is an experiment at heart. Now, it is a very successful experiment for the moment, but still an experiment.

Update: presstab's interview just released. A great one, a nice introduction for people who don't know PoS and explains well where we are heading and how.
HyperStake, a coin with 750 % annual PoS (http://bitcoinist.net/hyperstake-a-coin-with-750-annual-pos/)

All things spoken here are aimed towards the curious individual to educate them on how/why HYP is what it is. Excellent post David!

Thank you dear readers for your kind words. I would like to mark a pause on my long writing (work at Malla will be intense) and to start some shorter posts about things I read on various threads. See it as an open notepad.

SMS transfer considered harmful (for privacy)
I proposed somewhere to implement SMS transfer (via 37coins, like MYR did). Then my Monero colleague fluffypony posted this: https://bitcointalk.org/index.php?topic=583449.msg8912811#msg8912811
Now, SMS for HYP is OK (especially if we can embed a link to Apple Store/Google Play for a semi-auto install of the mobile wallet. It is just that it won't be private but HYP is not aiming to be private anyway. Still, worth mentionning.

Feel like I'm growing brain cells here, one of the very best threads on bct, please keep sharing, thanks.

Just so everyone can have it here, the link to the HYPWiki: http://hyperstake.wikia.com/wiki/HyperStake_Wiki

Please read as there is fantastic information there and content is always being added/improved.

Things are going exponential with HyperStake. This digest is meant to show some examples of such activity.

After the price recently tripled (then came down a bit), more and more initiatives are happening. This deserves a listing, although an unordered one.

Latapie pledge (https://bitcointalk.org/index.php?topic=678849.msg8905328#msg8905328): automatically selling 25% of your stake to an exchange for XMR. Manual selling. Increases liquidity, helps maintaining #1 position in XMR market (=> visibility => adoption)
https://i.imgur.com/Iqn9JoA.png

Stolen coins. Holder Dexpla had his coin stolen. OK, his own fault but still, giving some support would be nice. Address is here pC65u6zPz9SHkffKYa4Jn69dAD5zy8yyVY. Once multisend (https://bitcointalk.org/index.php?topic=678849.msg8595451#msg8595451) and triggers (up to 1k, up to 3 days, up to 10 stakes...) will be operationnal, even better. Update: HYP] Dexpla support Hall of fame (https://bitcointalk.org/index.php?topic=796163)
"HyperStake: don't do evil"
https://i.imgur.com/SbHK0OJ.png https://i.imgur.com/T0p2JaC.jpg

Achievements

• Price up to more than 3k
• Up to 97 persons on ##hyperstake (the picture is for 95, if you have better one, contact me)
  https://i.imgur.com/4UXTDEV.jpg
• We have 257 Twitter followers
  https://i.imgur.com/xiMLNhg.png
• Diff is above 1, which is exceptionnal for a pure PoS coin
• We are #81 at coimarketcap
• 24 hours volume broke the 10 BTC barrier. Now we are playing with the big boys, with a green border around the ticker
  https://i.imgur.com/38Al8oo.png

Wikia. Still more articles on the HyperStake wikia. If you want to stay current: http://hyperstake.wikia.com/wiki/Special:WikiActivity

Version 1.0.6 is a massive upgrade:

• Themable wallet with changes on the fly, better icons (some animated), look at the pictures! Other themes (https://github.com/presstab/HyperStake/tree/master/src/qt/res/themes) (like Poloniex and Poloniex-Night) should appear later
• Persistant Stake For Charity/HyperSend (no need to restart it everytime you launch the wallet), with dedicated sending notifications (so now, you know if your stake stays in your wallet or is sent to an external address)
• Block Explorer
• Better calculations, new DNS seed, the HYP explorer (the one you can register your address to (https://i.imgur.com/srAJddv.jpg))
• Deleting old receiving addresses (useful for those who misunderstood "split in several blocks" for "split in several addresses, backup your wallet first because if you delete the wrong address, you lose all the coins in this address, forever)
  https://bitcointalk.org/index.php?topic=678849.msg8930165#msg8930165

IRC, dfletcher wrote the hyperlotto bot. Looks even more addictive than rain (and costs less to donators). Sole issue: you get so much "highlight spam" you'd better either deactivate highlighting (not a good idea, I'd say), don't play or play with such low amount you do not appear as one of the biggest gambler. drewdrew even setup a dedicated chan, ##hyp-games, to reduce the spam - and right as I am writing, there is a proposal to add another game, a roulette. Meanwhile, trivias (mainly on HyperStake questions) and quizz continue. An some freeriders now have accumulated enough to start making it rain themselves. It's about sharing.

---

As you can see, a lot of activity going in just a week. This is very reassuring for the coin and very flattering for us, because it means HyperStake sparks off excitement. Thank you to all, be it developers, traders and holders.
And more to come.

Well Done Guys!!! I see no end in sight! Thank you all so very much for your continued support & development! You Rock!  ;D

I really don't know what to say about HYP, except one word !!!Amazing!!!!
No fud, no price talking, no bullshit. Excellent Community!! Excellent lead/dev. I am proud to be part of it (since the beginning)!


So YOU are still not part of it now?! Its never too late to be a HYPstaker. Buy some, stake them and repeat it, enjoy!!

Thanks Dexter. All HYPsters are gold!

Thank you all for your support, it really means something. I would like to thank Dexter12 in particular: "No fud, no price talking, no bullshit." You summed it up so well!

Just this once will not hurt. This entry will be pretty short. Noted stakelover Crazyloaf mentionned (https://bitcointalk.org/index.php?topic=678849.msg8971502#msg8971502) that HyperStake could make for a great game currency. That's the perfect occasion to write about one of those little things which did not make it into HYP.

I entertained at the beginning to have a 7 days staking period. Why seven? Because it allows people who depleted their stake, for instance by spending it on a game, to "have it back" exactly one week later. Much better readidiblity and thus adoption in my mind.
Now, this could not have work with HYP, since this is not an exact amount of time, but more like a probability and it depends on the size of the block. All of this I did not know by then (I was still thinking NVCS and more than that, I did not know NVCS as much as I do know).
Nevertheless, this anecdote is still worth mentionning: stake should be considered from a user point of view. What kind of new habit can emerge when you know that you will regularly get more money? Sure, some people will just waste it, as the basic income experiment in India (https://plus.google.com/+S%C3%A9verinTSARACINO/posts/3XwrwErBxXR) showed it. But some will start to change their habits, to consider saving, for instance (remember what I said about education earlier). That can be very simple: instead of spending an undertermined amount of money on a game, now you only spend your HyperStake money. When there is no more, you must wait one week (or more). Sure, that's tough, but that could prove useful for people both poor and addicted. As Crazy said it: "I'd be interested in seeing how HYP could fare with gamers".

And you, which creative use of HyperStake do you have in mind? Some people talked about a multipool and Dexpla opened the cryptoclubz, the social network for crypto (by the way, my programmed sending gave him 200 more HYP since last time (https://bitcointalk.org/index.php?topic=796163.msg8961813#msg8961813) - I am the only one). What else? A yes, Hyperloan (you don't know what it is? you'll see).

I also discovered that a lot of people on the ANN are on the first high-PoS with HYP (thanks to all the community members who welcome and answer to the newbies). That should be an avenue to consider. We have an opportunity to get a professional-quality video (at a price). What would you like in such a video (or series of short videos)? Pure promotion, education to high-pos, tutorial... cycoinminer has a nice example (https://bitcointalk.org/index.php?topic=678849.msg9016337#msg9016337). Iantunc has a good start for a tutorial (https://bitcointalk.org/index.php?topic=678849.msg9032878#msg9032878) (including the comparison with pool miner who could leave with your money).

Other thing, it is now possible to link straight to a block on the explorer. I have no use for it, but presstab cares to disagree (https://bitcointalk.org/index.php?topic=678849.msg9018245#msg9018245) :)

Oh, one last thing (I said this entry would be "pretty short" - yeah right). Crazyloaf (again) proposes a joint high-PoS IRC channel (https://bitcointalk.org/index.php?topic=678849.msg9011336#msg9011336), to talk about HYP but also TEK, HBN, CAP, GRW, PHS... It would serve both purposes, I believe: first to be a place to talk about high-pos (TEK has tiny discussions on IRC and the others have none) and second to talk about everything that is coin-independant, like new uses of stalking, how to sell... He also has another idea, using HYP for tips (https://bitcointalk.org/index.php?topic=678849.msg9036372#msg9036372) the way DOGE, reddit gold and, more recently, bitmark on Poloniex are used. Feeling tHYPsy?

As iantunc stated (https://bitcointalk.org/index.php?topic=678849.msg9012252#msg9012252), It is the experiment that tend to appear successful.

Oooooooo. I like it! ;D I think HYP can lead the way as the social high PoS coin of choice since it's larger number of coins and low-ish price can allow for a real sense of numerical growth. It also is a good representation of the enduring value of good online content and ideas. Content may only be posted once, but the value grows from that single bit of effort in creation as more and more people read, learn, share, and enjoy the content. Tipping with DOGE is a one time affair, but tipping with HYP will allow the gift to compound just like the ideas :)

http://www.cryptoclubz.com/ Although much help is needed in appearance and promotion, or maybe even business plan.

Particularly if the bot can stake (so far, only Unik has a staking bot).

HYP has two protections against dumps:
- (very) high-stake
- PoS-only, which prevents instadump

Granted, if Cryptsy accepts HYP, their autosell feature could lend people to instadump thanks to HyperSend (http://hyperstake.wikia.com/wiki/HyperSend)/S4C (http://hyperstake.wikia.com/wiki/Stake_for_Charity). One more reason why I don't like Craptsy.


Also, as Presstab mentioned it on the CrazySteak Journal, "HYP has about 6 devs working on it at the moment [...] not to mention the friendly exchange of new code between HBN and HYP." Having several devs, and spread over several timezones, helps a lot.

(my, this one was short!)

I believe that a sizeable part of my readership here is in HyperStake for more than "just more BTC". I hope you will like this short essay of mine.

United we stand, divided we fall - the coming rise of cryptofiat (https://bitcointalk.org/index.php?topic=809557)

I just wrote it straight in one hour so there is probably room for improvement. Anyway, inputs appreciated.

HyperStake continues expanding (##hyp-poker released, Hypberry on the way...) and climbing the marketcap ladder. One can rejoice, relax and enjoy, or can be proactive about the consequences. I prefer the latter.

HYP to the moon considered harmful
locohammerhead raised the first issue: barrier to entry

Without going that high, the price of HyperStake could one day make it difficult for people to get at least 1,000 HYP (which is the recommanded minimum to have a good chance to ever stake). At this point, what do we do? Giveways would probably be taken mostly by the same persons, same for faucets. In any case, this would mean that HYP would be under medical care, with artificial life-support, which is neither good nor durable.

With great power comes great responsabilities
Look at the richlist (http://hyp.cryptocoinexplorer.com/rich). The biggest whales (presstab, waxo, me, crazyloaf) have 6% of the coins. We know each other well and we have an ethic and we won’t sell like this and the community trust us. But this doesn’t suffice. The same way a coin shall not be on medical assistance, it should not depend on the good will on whales. A peculiarity of PoS is that the biggest holders are generally also the biggest “miners”. As someone pointed it on reddit (http://www.reddit.com/r/Bitcoin/comments/2i8pr5/united_we_stand_divided_we_fall_the_coming_rise/cl02gni).

So, noblesse oblige. We just cannot do whatever we want with our HYP. If we sell, some other people will become the biggest whales. At least you know us and so far, we had the best interest of HYP in mind. But as in the benevolent dictator for life (https://en.wikipedia.org/wiki/Benevolent_dictator_for_life) model, this is a gamble. For you smaller holders (Sword of Damocles, anyone?), but also for us: if you distrust large whales, you could sell and turn the price down. At least we don’t care about cashing out so even if the market entered a bearish mode, you can be confident the money would still be in good hand — if we decided to sell a large stake of our HYP, future rich list leaders might not have that kind of scruples.
Okay, all of this may look academic and just food for thoughts. So let met make it more real: we are still under the radar for the moment (partly because of the economic model of HYP, which doesn’t require big pumps, which attract people), because we are still pretty low in marketcap, but we already outpaced Mintcoin and at times Boolberry. The higher we will climb the ladder, the more FUDers, unscrupulous traders, pump-and-dumpers and the lot will attack HyperStake. “No one attacks shitcoin” (© smooth) and since HYP is proving daily that it is not a shitcoin, you can be sure we’ll be attacked — and the question of whales will sure be the subject of many attacks.
So, we will be attacked and must prepare ourselves to this. Si vis pacem, para bellum. Announcing it is for the moment my best line of defense.

HyperBank
Millionnaires (or HYPllionaires :)) don’t use their money like you and me use it. I use my money to buy enough to eat, go in holidays, buy some gifts and give a bit to charities. Millionnaires do not simply do the same but on a higher level (well, at least some don’t — philanthropreneurs (https://en.wikipedia.org/wiki/Philanthropreneur)). They invest their money in things that cannot be done with less money.
Being millionaire in HYP is not different than being millionnaire in fiat. You have opportunity to do Things That Matters™.
True to my belief that “emulation works” (see Stone=1; Birds=many (http://Bird)), I try to constantly listen to ideas from other people, then test the water to see if other persons are interested enough into it; then I try to act accordingly. This is how I decided to pursue the idea of HyperBank. And since this requires gathering a (good) team, I also want to make it with the best people around.
HyperBank is such a project (it might not happen, a lot of things are speculative and depend on availibility and motivation of the coders and designers). It is an extension of my previous proposal (see Where no coin had gone before (https://bitcointalk.org/index.php?topic=784363.msg8904098#msg8904098)) of fighting financial illiteracy among the youth — at a time when everything is decided.

HyperBank would itself kill several birds with one stone. It would partially address the problem of “too big to stake” that I mentionned on the first section of this post and would help unwealthy adopters to step in - as well as, as a part of the HyperShield initiative, help securing HyperStake by increasing visibility, hence volume.
It is the combination of four ideas:

• HyperBank proper (cycoinminer, iantunc and Cor2)
• HyperLoan (cycoinminer)
• Hypiggy, the children-friendly educative wallet (me)
• Hyppi the tardi, a proposal for a mascot, both cute and resilient (me for the name, Crazyloaf for the tardigrade (http://www.wired.com/2014/03/absurd-creature-week-water-bear/))

HyperBank
HyperBank helps to widen adoption and to increase the bounty wallet ("all benefits go to the community wallet", a not-for-profit bank, ^^).
I will just copy verbatim cycoinminer, iantunc and Cor2.
cycoinminer:
iantunc:
Cor2:
I readily recognize I did not understand everything here. Being a leader means recognizing when you need help from someone else, so I contacted Cor2, who is willing to help in setting this up. He and presstab understand better these aspects of finance than I do, so I will mainly be the “cheerleader” here (look for the mention of Larry Wall earlier in the HDJ for the side effect of this).

HyperLoan
This is cycoinminer’s idea, before HyperBank was even considered and I felt it would fit nicely in HyperBank.
With an additional Wall of Shame for rogue members.

Hypiggy
Hypiggy, the child/educational version of HyperStake
Hypiggy is really “Piggycoin, HyperStake edition”, thanks to a themable wallet and hopefully a simpler interface. At the time of writing, this is particularly speculative, because I have no idea if it is possible to hide certain features and to automate coin control. Even if it is not possible to automate it, it is not much of an issue: staking performance will be lower than the full experience, that’s all. Performance is not the goal of Hypiggy; education and adoption is.

Hyppi the tardi
The blue cartonnish mascotte
Crazyloaf was the first to propose a tardigrade. The water bear is a tiny animal which is both cute (looks like puffy baby/walking duvet), alien-looking and incredibly resilient when in cryptobiosis mode. Cuteness matters for a mascot, alien-looking definitely qualify for SF-themed HyperStake and one can say that HyperStake price is incredibly resilient!
Now imagine it in blue (like the 5th Element’s Diva).
http://www.redstartgraphics.com/redstart/wp-content/uploads/2011/06/waterBear_Graphite1-275x300.jpghttps://i.imgur.com/zBYZsy4.png
https://i.imgur.com/75ajFA4.jpghttp://media.boingboing.net/wp-content/uploads/2012/11/tardigrade.jpeg
https://i.imgur.com/lh9l3Ta.jpg

---

As you can see, we are continuing to innovate with HyperStake but now with a focus on preparing a possibly more challenging future.
Commander DavidLatapie, over!

Nice Cartonnish mascotte :)

PS: I know Cor2 from the SYNC thread, lets hope the Hyperbank turns into something good

This picture is not actually a cartoon. This is a real tardigrade under the microscope. A cartoon version would (blue or not) would be a nice exercise.

I don't know how I must understand this, since I don't know how SYNC performs or is handled.

Update: some cartoonish tardigrade in the middle of this video Tardigrades: Adorable Extremophiles (https://www.youtube.com/watch?v=6H0E77TdYnY). Now imagine them in blue.

Very good post David. As is Hyperstake an experiment we can approach the HYPbank as one too. Perform a limited test run to see if even possible on a small scale and go from there.

Hey can you please quit posting pictures of my mother? Thank you.

Re the Barrier to Entry issue (potential large commitment needed to have a chance at staking) - would this be useful, perhaps in addition to other approaches? Tweak the algo to randomly allow staking at any/all levels, adjusting probability as desired, so that, for example, there is a tiny but finite chance of staking with a hoard of 1 HYP up to a close-to-certain chance of staking with a hoard of n (1500?) HYP or above.

Forgive me if this is an old idea - I didn't see it in my reading, but I'm new to HYP and may not be properly up to speed.

I accidentally forgot that cycoinminer is not only the initiator of HyperLoan, he is also the initiation of HyperBank! I corrected the article according, quoting his proposal. I also addedd some extra pictures for a cartoonesque tardigrade.

Aigeezer, thank you for the suggestion. I'll ask presstab what he thinks of it. If you are new to HyperStake, I suggest you read http://hyperstake.wikia.com/ for further information.

on HyperLoan

can the loaner split the 10000 into two 5000 blocks?

10000 * 7.5 / 365 * 8.8 = 1,808.22 HYP
800 HYP over the 1000 cap

5000 * 7.5 / 365 * 8.8 = 904.11 HYP
but will gain weight so assume after a day
5000 * 7.5 / 365 * 9.8 = 1,006.85 HYP

or maybe loan to two persons 5000 HYP each instead

just sharing ideas  :)

Thanks. Yes, I got my first few thousand yesterday - only 190 hours to stake, he says, looking at his watch.    ;)

Looking at the wikia now. Everything seems very new, lots of stubs - early days - that's a good thing.

The loaner should just loan. It's the borrower's responsability to do the rest.
Why?

• Less work for the loaner. This may seem negligible if there is only one borrower, but it the experiment is successful, we will have several borrowers and then workload will increased significantly
• The loaner shall not decide for the borrower
• The borrower would learn how to optimise. Learning by doing. It would in turn encourage people to create tutorial, share hints... (which increased the community activity)

Inflation is bad. Bad™. BAD. Why? Err... because. Voilà, c'est comme ça. This is bad because this is bad, period.
Oh well, this is bad because my errands list is more expensive every passing year, even though I buy the same thing. A coffee used to cost X cents, now it costs me X+Y% cents. Bad.
Oh! and the whole money creation thing too. This is bad, because QE, banksters and my grandmother. Gold rulez (gold = limited supply = deflation).

Well, maybe, maybe not. Deflation has one dire consequence: early adopters have it all. The problem is not about taking risk (risk/reward is good), the problem is about not having the opportunity. What about people who did not hear about it? What about those too young to invest? Heck, what about those who are not even born yet?


Bitcoin may be considered premined after two extra years (who cares about the first years if new entrants can only get a bit of the money?).
One answer is redistribution, which requires merchant (and regulator) adoption. This is a race (and one that Monero is actually running and the minimal inflation at the end of the mining phase for incentivizing security of the network is not the same thing). If you cannot achieve to become mainstream enough before a substantial amount of the coin is mined, then you may face rejection because of perceived unfairness (and because the next coin is one click away - the reason why gold was not rejected despite being centralised is that there was no real competition). This whole "Bitcoin is premined" story might be a large incentive for the coming rise of cryptofiat (https://bitcointalk.org/index.php?topic=809557).

Another option is inflation. Provided inflation is constant (linear, not logarithmic, curve) and unlimited in time, then there is no premine accusation possible (there would still be the "early adopters got it cheaper and I was not born yet" issue but then then price could also have lowered so it cancels out).
Now, inflation is not the only thing to take into consideration. The proof algorithm matters too. Here, proof-of-stake raises a significant concern, as mentionned by a redditer (http://www.reddit.com/r/Bitcoin/comments/2i8pr5/united_we_stand_divided_we_fall_the_coming_rise/cl02gni): since PoS is both mining power and reward (whereas for PoW, it is two different things, mining rig on one hand, token on the other hand), it is much easier to keep its wealth rank ("richlist"). The only way for someone to get richer than you is that either you sell or the other person buys. This encourages hoarding more than PoW does, which in turn reduces liquidity and thus increases volatility (in other words: people don't want to "kill the golden goose", so they don't sell, so there is less to buy, so when someone wants to buy at sell price, he raises the price significantly and the opposite when someone sells at buy prices).


So, inflation with proof-of-work (like Dogecoin) prevents accusation of premine. Inflation with proof-of-stake (like HyperStake) does also, but reduces the chance of getting richer or poorer (except if you buy or sell, which are externalities).

Morale of the story? No "premine scam!" accusation with (linear emission curve and unlimited) inflation. Maybe inflation is not that bad. Opinions?

People get commited with the HYP, this is part of the community involvement. The "Age" column helps tremendously on this.

Since HYP is an inflationary coin, you are still an early adopter :-) See my previous post.

Interesting point. I think the universal human condition of mortality takes care of this, albeit not elegantly. "Shrouds have no pockets". I don't mean this to seem flippant - a structural slow churn is hard-wired into our situation. Whenever anyone is born, other people hold all the goodies. After that, some win and some lose - some overcome dire odds, others squander a head-start. Most of us say or think "if only" from time to time - the wheel turns, and then it is somebody else's world. (Geezers think like this, I guess. I wasn't always a geezer).

Put more starkly - it really doesn't matter much if person X "has it all" to start with. They will keep some/all or lose some/all over time, as is their nature and their luck in life, and then their turn will end. Gates and Buffett worked for what they got. Some guy digging holes in the ground arguably worked harder and has nothing much to show for it. Some other guy found a lucky lottery ticket on the sidewalk. Yet another guy - written up in People Magazine as the Next Bill Gates - gets run over by a beer truck. Churn happens.

Bottom line: I wouldn't agonize too much over starting points. There will always be a starting point of some kind - and somebody will complain that it is not fair. They will be right, but that is not what matters.

I also don't hold the harsh views against moderate fiat inflation. If low 2-3% inflation targeting creates stable value storage, then I think that is something worth trading off, a bit of value loss for more stability.  Whether the CPI or whichever government tracked index is accurately modeled is a different conversation, from the underlying point. (and yes this theory isn't really much to do with HYP).


Thats a really good point. Most crypto-extremist trolls will hold alts to a much different standard than they do bitcoin. Did bitcoin have a POD (proof of devlopment/proof of bribe)?  Did bitcoin have a dev that released his identity public?  Bitcoin was essentially insta-mined as well. Sometimes it is hard to put everything into perspective with all of the required crypto expectations.


One thing to keep in mind is that even with linear emission, the reward becomes less % of the coin supply overtime.  This does give more reward to early adopters. But it could also be said that early adopters have more risk and uncertainty of the direction of the coin, and thus should in fact have more reward. Any thoughts on this?

Thank you for the mention david :D.  I want to toss in one idea i had.  Right now HYP is 750% flat.  What about a degrading interest rate according to balance?

For example 1000 - 30,000 = 800%
30k - 60k = 750%
61K - 90k = 650%

etc until annual interest rate 1Mill HYP = 350/400%

I think this would help keep whales from dumping because of consistent competition from the people with lower balances.  I think that could help stem the balance of power.

One problem I can see arising from this is people owning multiple wallets with balances of 30K.  A VM could be setup to run multiple wallet instances at the expense of system resources.

Impossible really. Nothing can keep someone from holding multiple addresses.

only way i can think of stopping someone from owning multiple addresses is of the wallet was able to recognize the IP address (local machines IP) and combines the income that way.  Local machine IP address?

I'm just thinking out loud really lol.

But HYP is one of the coins everybody I work with is most excited about and for good reason.  The dev team has a track record that can be verified (and I have done my research) which is why I'm as confident as I can be that a large part of my holdings are in HYP.  Updates are consistent be it software, projects nearly every day I see ideas being tossed around.  This kind of flexibility to me is what is most exciting about this coin.  

We don't know where it will be a year or two from now but everything I have seen so far paints a very bright future for it.

MAC address!  Those are always unique to the machine.

MAC can be easely changed. The most unic thing is compilaton of hardware Id's.

come to think about it I did spoof the mac address back in college to get around the download cap... so you are probably right.

"several borrowers" - sounds like there are plans of having more than just one hyperborrower, neat

"learning by doing" - it appears the borrower is free to split the blocks to optimise it and learn from it, ok point taken, i thought borrower wouldnt be allowed to split the 10000 so there wont be confusion with different staking times

all right, just getting a better picture of the HyperLoan experiment, thank you

Cor2 has mentioned a saving account concept. If the profitability of HyperStake is proved over time, investors will enter gradually, buying some small amounts of HYP until it starts to stake. Possible dumps can also be an entry point. If the price is too high (e.g. $200), the PoS algo can be slightly changed with coindays modification that will give some additional weight to very small blocks thus increasing chances to stake.


Cryptocurenncy is just an ordinary fiat currency (it will become it when it will be governmentally and economically adopted), but with a revolutionary way of emission and transaction mechanics. And its redistribution principle (through exchanges) is quietly the same (except of purchasing power parity (http://en.wikipedia.org/wiki/Purchasing_power_parity), which crypto doesn’t have yet), independently from a proof algorithm. It means that both fiat and cryptocurrency exchange rate can be manipulated by some persons or institutions. In our case, whales, or market makers, play a role of stabilizers (passively) when they don’t sell. If someone decide to dump, the market will bend and then recover (and dumped coins will probably be redistributed among lots of holders), if only he won’t decide to dump continuously. But this type of behavior isn’t in whales interests (and too costly for attackers ATM). Especially taking into account that there is some ideology in HyperStake movement, that starts to emerge.

Looks like risk/reward to me but maybe a increasing reward (with inflation control) would make for a lesser advantage for early adopters. The risk is HYP getting out of control and I have no desire to change this, too risky and too unclear. So, mainly an academic consideration.
One more thing to add: most early bitcoin holders (2009-2011) sold most of their Bitcoin. If at a certain moment, HYP could generate enough revenues for making a (small) living, whales would start to sell, thus permitting redistribution. Ditto with merchant adoption, but the good thing is that these two options are compatible (the second one requires more work, of course).
What an experiment! HYP is getting more interesting by the day, from an experimentation point of view.

Or even just by starting on another port, with -port=XXXXX (not sure about this one)). Thus, it cannot work (IP or MAC cannot either, IP-spoofing and MAC-spoofing are easy and in China you can even buy network cards with hardware identical MAC - even Hardware ID can be faked because, ultimately, they are under the control of the end user).
An IT security saying goes that "any client-side security only affects the honest user" (see also evil bit (https://en.wikipedia.org/wiki/Evil_bit)). Keeping this saying in mind is a great way to save hours or day (or dollars) in good-looking-but-fundamentally-broken solutions (not a criticism, just a productivity hint).

Interesting. Now that you are saying it, it is quite true. I have some opinion, but could you try to summarize this ideology?

The basic (raw) idea is in this. We create a new paradigm of social protection. We redistribute money from rich to more sensitive social stratas. A customer (currency user: gambler, gamer etc.) pays for his wishes directly to an investor. It's like an alternative pension insurance.

OK, time for a new one

Records
On October 12th, we broke three records:
https://i.imgur.com/wcoaJbn.png

• Volume ranking in Poloniex: #3. It definitely attracts curiosity, especially when a coin manages this without a ridiculous pump like +170%.
• Daily volume exceeding 15 BTC. If you are familiar with high-PoS, you know this is veeeeeery far from what any high-PoS could ever get (most high-PoS would be happy to have 1 BTC of daily volume - this is due to the very characteristics of high-PoS, which encourages hoarding much more than selling).
• At the time of writing, the difficulty is 1.3, probably the most secure high-PoS network ever.
  https://i.imgur.com/Fp9uRA8.png
• ATH price of 5056 satoshi. Yes, we did it, even if it was for a brief moment: we broke the 5K barrier.

The last record, arguably sexy, should not be the matter of much focus. As I detailled on the "Rich man's problem (https://bitcointalk.org/index.php?topic=784363.msg9146688#msg9146688)", section "HYP to the moon considered harmful", a high price may pose problems for new entrants. This, plus raising too fast means dumping later, which shakes confidence, something we don't want.
On the plus side, if we sustain this 5k price, sluppy confirmed (https://bitcointalk.org/index.php?topic=678849.msg9179784#msg9179784) that he will honour his promise to donate 1 BTC to the dev (https://bitcointalk.org/index.php?topic=678849.msg7695984#msg7695984). Well done, sluppy!

The day after, October 13th, we broke two records again:
https://i.imgur.com/AXKMWAA.png

• Volume ranking in Poloniex: #2. So I am the only one in the weurld to be core team member in the two highest volumes coins in Poloniex :p
• Daily volume exceeding 18.757 BTC. Yeah, me too I could not believe it.

Qt5
The wallet is moving to Qt5. Qt5 opens up opportunities such as much easier to create Android Wallet.

Nostalgia
While looking for the 1BTC pledge, I found these two old posts , that became history


Hyperstake.com
The site had been completely revamped, thanks to squiggie. Any input and participation welcome! Eventually, the HDJ might move to hyperstake.com.

Hyp-casino
We are continuing to extend the IRC games. We already have rain on ##hyperstake, ##hyp-lotto (you must tip the bot before playing), ##hyp-trivia (quizzes) and ##hyp-poker (##hyp-games is deprecated). Today, we are proud to release ##hyp-casino, with four games in the same channel.

Looking for new exchanges
In the following days, we will try to be on Bittrex and BTC38.

Paying your debts with HyperStake
Today is the first time I am aware of that someone paid a debt in USD with HYP (even better, it was on the loaner's request).

Update: countmycrypto.com
I knew I forgot something. countmycrypto.com (http://countmycrypto.com/) is a site I discovered in March (then forgot). It is much nicer to use than coinreporting or coinfinance. Plus, you can add your address for constant update (won't work if you spread the same coin on several addresses, though). No account, no server, everything is saved in your browser (LocalStorage, a HTML5 feature). It is a plus for privacy, but without an export format, it is a pain if you have several computers, reinstall... The Chrome extension plus syncing your Chrome browser is a beginning of solution.


This is all for now. I might update this digest, so stay tuned! If you have any news to announce for the next digest, just contact me (HyperDigests are of irregular frequency).

Nostalgia is correct! Boy that seems like a year ago (and probably is about 1 year in crypto-time).


 ;)

Good post as always David! This journal has turned out great.

I fully support HYP.

I´m working this coin. Do it stake with one number of coin enough small (404 hyp), of moment. I wait with the time... continue all so. What is best to have one block with 1000-4000 byt or two block with 500-2000?. Thanks for all your information. Sorry if you not understand, my english is bad.I am eskorbuto in the IRC.

tl;dr: HYP/XUSD market is open and we are launching the "stake and cash" campaign
(this article could be updated later - notificeable updates will be announced in future posts)

It would be an understatement to say that HyperStake is successful. Still, only a fraction of Cryptolanders is aware of it, even less of them have some HYP. And more than that, the overwhelming majority of people out of Cryptolands does not even know it exits - bitcoin is just a bunch of scammers, right? So, what can we do?

First, making it simpler. Second, making it more visible. Third, raising confidence.

Simplicity
So far, I see three directions to pursuit:
1) binaries
2) coin control
3) education

Binaries
Binaries is almost done but we still need:

• Linux binaries (we should not expect the Linux folks to be smarter than the other and will compile, not if we want Linux to be popular - and we do want a libre OS for our libre crypto). I agree providing a binary for every meta-distro is difficult (Red Hat, Debian, Arch, Slackware...) so what about a PPA for Ubuntu, which is the most popular distribution among non-techies? Or maybe PPA is already too difficult. If so, then double this with a .deb for installing "à la Windows" (download and double-click).
• A canonical address for the binaries, like hyperstake-windows-latest.zip, hyperstake-raspberry-latest.tgz, hyperstake-osx-latest.pkg...
• Easier integration of themes into the binaries, so that one doesn't have to manually add the themes
• Have HyperBlue a default theme, at least to show off the themable aspect of HyperStake wallet
• Gitian binaries, if this is not much work

Coin control
This is the hard part. There are actually two things to consider: the methodology and the automation. I'm testing some things, presstab others. Still, we need feedback and coders.
Optimisation part
(assuming wallet is opened 24/7)
20 blocks at 4100 HYP
20 blocks at 4000 HYP
20 blocks at 3900 HYP
...
The reason is that if you place all your blocks at 4000 the last one will hit the max reward before minting (I'm the Guinea pig here; I will probably hit the wall in one day or two, because I have too much blocks maturing at the same moment, so the queue line is veeery long for me).

Automation part
It should count how many free HYP you have (per address) and automatically merge or split blocks in the block size mentionned above. The change address shall be the same as the block address (this would avoid the "500 hunded max addresses" annoyance, which itself requires regulard updates). Ideally, you should not even have to know there is a coin control button. Let's take this challenge: if you need to go to coin control, it means we failed in making it simple enough.

Education
Education is about making even better tutorial (there is are lot of room for improvements here). Maybe some video tutorial but let's be careful with this. Still, if someone wants to script it, lets go!

Oh! One more thing: HyperBank is part of the simplicity branch, but I will say more later, under "confidence".

Visibility
First, there is a matter of timing here. Visibility will bring a lot of people and those people must not be stopped because of complexity. They will rarely give a second chance.
Some leads:

• Continuing giveaways on Poloniex, the raindance on ##hyperstake (including waxo's special giveaway for those attentive enough) and the various games on ##hyp-poker, ##hyp-triva, ##hyp-lotto and ##hyp-casino. Waxo, Kushed and others are doing a great work here.
• Having more faucets and add mail notification to them (like dogecoin does)
• Promoting Dexpla's cryptocluz.com (http://cryptoclubz.com) and our donations to the Keepod campaign (http://mintcoinfund.org/projects/sponsor-keepod-kid/) with the Mintcoin Fund (http://mintcoinfund.org/).
• Creating an awesome promotionnal video (not a tutorial). Waxo has the right contacts but we need to script the video first! Here too, we need someone, preferably with some background in video marketing.
• Developping Hyperstake.com (http://www.hyperstake.com). At a bare minimum, there should be canonical addresses for the binaries on hyperstake.com (as well as a download counter), but I'm also considering moving the Hyperstake Developement journal there too, as well as more and more tools (like a faucet straight in hyperstake.com, forms for Hyperloans...). Maybe we will have to change the software platform (or even the hardware platform, it will depend how scalable each of them proves to be).

Confidence
Finally, there is the matter of confidence. This is the one I am the most exited about right now and I'll soon tell you why.

Confidence is partly derived from simplicity (see above). So, if we make HyperStake simple, we automatically score some points in confidence. But there is more than this.

First, people are more confident if they can try out for free. The HyperLoan experiment consists in loaning HYP to people with negative interest. We loan some HYP, we don't ask much in return (essentially we ask them to promote HYP) then once their HYP staked, they give the principal sum back (we can even do it for them, if we dump the privkey or even keep the HYP in a dedicated wallet, but both of these late options mean more work for us) and they KEEP the interest. Think of it as bigger giveway, but for some work.
Free HYP level 1: faucet and ##hyperstake rain
Free HYP level 2: giveaways on Poloniex and playing on ##hyp-trivia
Free HYP level 3: Hyperloan
Each level requires more commitment and gives more reward


Second, if the confidence is established, they can consider depositing their HYP at the HyperBank. They have nothing to do, they will just receive some of the stake regularly. Not all the stake: one part is used for the HyperBank. Yes, this means that by outsourcing the management of their money, they will earn less - but it also means they don't have to care about anything. Here, "confidence" leads to "simplicity".

And the highlight of this post...

HYP/XUSD
Third, in these times of uncertainty, a quick win is particularly appreciated. That is why I am very excited to announce that some hours ago, Poloniex agreed to open a HYP/XUSD (https://poloniex.com/exchange/xusd_hyp) market! It has two uses:

• first, to show anyone the "real" (read: fiat, here dollars) price of HyperStake. We tend to forget it, but as cryptocurrencies widen their audiences, less and less people (percentage-wise) are enclined to think exclusively in terms of Bitcoins.
• second and most importantly: in a market both bearish and increasing, a no-nonsense "good old dollars" every ten days will appeal to an ever-larger segment of the population. Cashing out. As CrazyLoaf and MobyDick said independantly: "Stake and Cash". No-nonsense, raw dollars. With a XUSD market, you can do just this. You don't even need to register your ID at Poloniex or something. Straight to your credit card. How fun is that!

Even this is just the beginning. Little by little, a big picture is getting drawn.

As you can see, I keep asking for more people, because this is really it. HyperStake will succeed if we have enough manpower for it. Come join in, you are working at securing your investement, remember that!

Oftentimes, whales are hated because they can kill the market by dumping. This is still true for HyperStake (although it never damaged the market yet), but I believe this is much less of an issue for PoS than PoW.
Reason? With PoW, when you sell your coins, you leave your mining power intact (or maybe even more powerful, since with price drops, competing miners go mining something else, leaving more coins for you).
With PoS this is a completely different thing. When you sell you coins, you also sell your mining power and thus give the others more coins.
For this reason, I believe the fear of dumpers is much less of an issue in PoS. Except if the majority of stakers does not realise what they lose (or most of them are skilful dumpers but I would be very surprised about this one).

Opinion?

Everyone of us has probably noticed a number of pumps and dumps (point 3 on the illustration) that occurred this week. They wasn't harmful, as they didn't brake the support line (point 1) of the uptrand. Even more, they were useful as they gave us rather massive volume and a top list position. But there is a little catch. If a newbie investor will follow the price movement (in other words, will try himself as a trader) and climb those giant candles, he will end up with a loss and disappointment. Probably it will be his own fault, but.. To avoid it, it is recommended to use Bollinger Bands indicator (blue lines on the picture; the average (point 1) here is a SMA (simple moving average) with a period of 50). It's upper and lower bands (point 2) show price deviation from the mean, or average (point 1). When the price crosses the upper band, it is the sign of a pump and dump. Trade with caution.
I got some medical conditions (a fox bite), so for a few days I will work less and will be unable to stay in the process, but I'll dedicate this time to learning.

http://filesmobile.com/pics/BollingerBand.jpg

Thanks for this very clear explanation! Usually, I don't get the Bollinger, now I do better.

I agree with your observations, so I will come at the issues from a different angle.

In fiat-world, from time to time, and for no obvious reason except in hindsight, "the herd spooks" - everyone rushes to take their money out of banks "before the collapse", thus causing the collapse.
PoS has the potential for similar irrational "bank run" behaviour.

PoS has strong rational support for its structure but often people do not act rationally. Stakers, by definition, do not dump, but stakers are people first and stakers second. Both pumpers and dumpers try to spark irrational trends. Sometimes they succeed.

Do I like PoS-world better than fiat-world? Yes, absolutely. Will it be a smooth rational gentle climb? Probably not. Your hypothetical - "if the majority of stakers does not realise what they lose" will be true from time to time.

Perhaps the algos could be tweaked to make it ever more obvious that hodling is the thing to do whenever a mini-dump is detected. I don't know the extent to which rational interventions can deflect irrational trends. The danger is always in the perception - the perception that the last hodler standing has a huge bag of - nothing useful. This leads me to the conclusion that the optimal perception must be that HYP is always useful to exchange for goods and services. Managing that perception, and therefore its associated reality, is the challenge for all crypto (and indeed for fiat or metals).

tl;dr Can I pay for that Lamborghini with HYP?

"put the $10k in HYP and, if price/demand remains table, sell $6k in stake earnings."

If only one person tried to put $10k (26 BTC) in HYP, the price would go to 10,000+ sat immediately.
I love the idea of HYP, and managed to assemble a six-figure amount just before the current price run-up.
But there is not enough supply for very many investors trying to make several thousand dollars a month in
"income" from something like this. Although I'd love to be wrong about this!

Very insightful remark, aigeezer! I do not know if the algorithm could be tweaked and if would even be desirable. We plan to have OneBigHardFork in some month to implement everything that requires a hardfork at once, to minimize the amount of work for exchange and all. If we integrate such a tweak, that would be at that moment.

Regarding merchant adoption as a solution, this is worth considering. So far, we did not place much emphasis in this, because "experiment" and "merchant adoption" do not mix well; merchant adoption require an amount of "seriousness" that might be more than what we want, but this can change - merchant adoption can be viewed as an experiment too.

On a sidenote: similar to the Godwin point, the moment when a discussion is over because someone mentionned Hitler, I'd like to propose the "Lambo point". When people start to mention Lambos, a currency is threatened, because people live in delusions. Of course, this was a joke from you, but so is it to everyone - but as Goëring (or Himmler) mentionned it, repeat something long enough and it will become reality - read: people will take it seriously. Thus, reaching the Lambo point should make us cautious.

Rationality is overrated among most economists. We're are not creatures of pure logic, which annoys a lot of rationalists who have a hard time understanding why their perfectly valid theories do not work in real life.

On this intersection of finance and psychology, I encourage you to read this very informative essay on neurofinance
Breaking the Cycle of Investment Regret (https://www.franklintempleton.ca/content-global/campaigns/ttts/pdf/en_CA/TTTS_BreakingCycleInvestmentRegret.pdf) (also available in French (https://www.franklintempleton.ca/content-global/campaigns/ttts/pdf/fr_CA/TTTS_BreakingCycleInvestmentRegret.pdf)). Eye opening.
" Reason: the amygdala, which overrides the neocortex. Solution according to some: meditation (or moral enhancement, if you're a transhumanist).

On a similar note, there is this article brought to my attention by DustOff in the Poloniex Trollbox: "Does 'free will' stem from brain noise?" (http://www.sciencedaily.com/releases/2014/06/140609153508.htm) This article hints that most decisions we make are unconsious and we rationalize them after the actual choice is made, giving us illusion that we took concious decision (which is similar to, albeit different from, cognitive dissonance (http://en.wikipedia.org/wiki/Cognitive_dissonance) and confirmation bias (http://en.wikipedia.org/wiki/Confirmation_bias), which by the way are rampant in Cryptoland and source of a lot of people bagholding after a dump).

On an unrelated and somewhat amusing note, but still instructive for others: since yesterday, l felt like if I did not stake any block. No small non-round number in my new block, so I assumed nothing staked. I was starting to panick, especially after seeing minting actually occuring in the transaction window. See, my blocks are 4000 3900 3800 3700... down to 2500. (I later realised I did not have any 2600, more on this later) Then I realised one thing: my initial blocks are 4000 and I hit the max reward (1000). When block stakes, it gets splitted in two equal parts, so 4000+1000 (max reward) is 5000 or... two times 2500.
So I did stake but did not notice it!

Below, the green frame denotes the consolidated blocks I created ma,ually and the blue frame denotes the "natural" blocks, where I believe nothing happend whilst it just happened naturally. I'll call this the "block illusion".
So this was an illusion, but a convincing one. It may happen to you too.
https://i.imgur.com/XJtkoFZ.png

forbesmining: I expect volume to come with time. Volume is steadily growing and we are working on some marketing stuff to increase audience (see "HYP for everyone").

I personally don't find anything wrong with the occasional HYP to the m000n type of joke. It is when the threads are bogged down by these comments that it becomes a problem. In my mind a healthy optimistic sarcastic joke about price can be healthy.

I'm just concerned that by keep repeating it, it starts to be considered a given. Resting on laurels and all. But I'm French, and French are known to be judgemental (althoug waxo would disagree) :)
Crazyloaf, I mentionned this on my mail to Bter: contrary to Doge, we have some serious technology behind us.

I see high PoS as something that, as more ppl understand it, they will invest because, the yields are higher than anything you can PoW mine.
And I hope I'm wrong on this, but a great influx of investors can only up the price, and eventually undo the entire experiment. I will enjoy the ride while it's here  :)

I don't dispute the effects of repetition. It is one of the unavoidable side-effects of natural language, which is not static (despite the best efforts of entities like l'académie française). Whenever a meme gets well-known, it gets exploited and distorted by various interested parties until eventually it changes its meaning completely. The word drab used to mean prostitute, of all things. So, imho, it is tilting at windmills to enforce lexical usage. That said, the Lambo joke is pretty stale by now. You won't see it from me again.         ;)

(the title is unrelated to the supervillain of the same name)
Things are moving up way too fast.

Not so long ago, HYP was #2 or better in volume on all markets at Poloniex
https://i.imgur.com/nzbERuV.png

Today, it reached marketcap position #38
https://i.imgur.com/3WkaY4K.jpg

And position #23 on coingecko. Notice how we still have a lot of potential in comunity and even more in public interest
https://i.imgur.com/y73tKvA.png

Diff reached 1.5.
https://i.imgur.com/YlgAKKP.png

Price ATH
https://i.imgur.com/w7fW4XV.png


On a less "stormy" side:

Great quote by presstab:
That's the difference between Dogecoin and HyperStake. Both are meant for fun at first (and garnered an important and devoted community), but HyperStake came with a technological differenciator that Doge did not have (and was not mean to have anyway, that was not the point - and the random bonus doesn't count).

We are doing our best to make HyperStake even easier to. use optimally. The more we are widening the adoption, the more it is important to provide a seemless experience, which we do not provide yet despite our best efforts.

By the way, Coin Control will be renamed to make it more explicit and more exclusive to HyperStake. I will let presstab announce the new name (that I already like).

Oh! And, in the context of HypBerry, Lieutenant Commander (http://en.memory-alpha.org/wiki/Lieutenant_commander) Waxo will offer a Raspberry to one lucky person. Details are not public yet.

I agree Crazy those things are all well and good, but those things cannot happen at a good pace if there are the current hurdles in place just to buy Hyperstake. By this I mean what really needs to happen is that we need to create a website that takes USD for Hyperstake. A coinbase so to speak for HYP. A direct conversion. Eliminate bitcoin altogether. If this happens, not only will HYP be the first to be a standalone altcoin (hate that term) but will show the world that bitcoin is no longer the bar on which everything is set. HYP will become its own entity and thus growth will explode. Let's somehow figure this out and make it happen. A leader always wins in the end.

What do you think, guys, do we need some typography redesign? Probably we could find an unusual or just released typeface, for example:

http://filesmobile.com/pics/hyptypography.jpg

We can use it with our coin image.

We have more ideas than abilities for the moments. I said before that I like to kill several birds with one stone; I also like to avoid reinventing the wheel.

I would like we focus on working in tandem with other coin when it will makes us grow stronger. Here are the one I identified:

• Mintcoin: charity with Mintcoin Fund (http://mintcoinfund.org/)
• Noblecoin: marketplace (http://ttps://www.noblemovement.com/fr/marketplace/)
• Maieuticoin: hardware wallet (https://bitcointalk.org/index.php?topic=828734.0)
• Qibuck: multipool (http://thepool.pw)

Opinions?

I think we need to develop a catalogue of our potential users, so-called customer portrait, with their faces, average backgrounds, life priorities and values etc. Then we will see who do we aim for. This coin needs marketing. If we want merchants to notice us, we need to have a production form ASAP. Otherwise we will stay a coin on the development shelf forever (and probably will be outcompeted). There were some associations in Polo trollbox.

very informative, very fun.  now i must pressure waxo about this pi... if i have to reflow it one more time i am throwing it out the window

We don't try to stop nonbelievers and dumpers. It's your decision. Please, post your emotions in the ANN thread.

A quick questionnaire on IRC showed yesterday that most HYPsters are in the 30-40. So, older than the usual crypto demographics. That's a start os statistics.

Also, speaking of statistics, presstab just posted this graph of the difficulty:
https://i.imgur.com/jkW38u4.jpg

Is there any special cause for that spike in difficulty?

Good question. One thing you can immediately see, is that HYP diff is in waves. Up and down. This was caused by the fork we had, where all of the age was concentrated in one particular time. After block 90,000 the "natural" wave got worse, I think because of price increasing and more people destroying age to cash out, and that two of the top wallets accidentally destroyed their age and had to start back from 0 age.

I would say that there is a good chance that the recent spike is due to price coming back down to earth, and less pressure to cash out and more pressure to stake.

Of course other things are possible too. With an expanding money supply, difficulty should go up overtime naturally.

Thank you for that answer! Very informative.  :)

Also brought a whole new headache senario thinking that the diff will be lowest when there is most incentive to cash out price wise.

I know I will be debating with myself whether to stake at low diff or sell during the next spike..  ::)

We incessantly repeat that PoS is first and foremost a mining method, an alternative to PoW without the megawatts - see bitcarbon.org (http://bitcarbon.org) for the ecological footprint of PoW.
Like PoW, PoS aims to ensure decentralised network security and meritocratic distribution of the tokens (the more you mine/stack, the more your chances to get a token).
And, like PoW, the mining, if successful, become more and more competitive. Solo mining is over for all but the most powerful miners (professional ASIC farms). If you want to have a decent chance to get some tokens in a reasonable time frame, you increasingly have to resort to pool mining.

And that's the same thing with a successful PoS coin like HyperStake. High-profile stackers, which have huge "mining power" (i.e. a lot of block for stacking) can get most of the reward. This will discourage lower miners to ever try to stake(I still remember the early days of Monero, before there is a pool). This could ultimately killing the coin - like in nature, an apex predator (https://en.wikipedia.org/wiki/Apex_predator) kills its ecosystem). That's another rich man's problem (https://bitcointalk.org/index.php?topic=784363.msg9146688#msg9146688) that I was not even aware of, so thank you Kushed (and mtwelve, the originator of the idea (https://bitcointalk.org/index.php?topic=678849.msg9310207#msg9310207)) to point it out and... to give a solution.

The same way small shareholders in a company unite as an "association of small shareholders",
the same way small miners in a PoW crypto unite in a pool mining,
we are proud to introduce the very first (to our knowledge) pool mining for proof-of-stake, HyperPool (https://bitcointalk.org/index.php?topic=834599).

This is very early, it is mostly manual for the moment and in order to scale, it will have to be automated. Still, I believe it is a great news for HyperStake, because it means that we grown successful enough to have a need for such a tool and that this tool will keep the coin viable. Once multisend (https://bitcointalk.org/index.php?topic=678849.msg9317871#msg9317871) will be implemented (and presstab is working on it), there will be an option to send part or all of your "mining power" (staking power) to the HyperPool (the option called "PoolStaking" in the mockup).

I love these experiments! HYPxperiments!

Awe thank you for giving us an honorable mention.   :)

You have been about the most enthusiastic supporter of the concept of cryptocurrency, with little favoritism, that I've encountered. I, for one, am glad you're here.

Soon (Zer0Sum said 6^th of December (https://bitcointalk.org/index.php?topic=678849.msg9245293#msg9245293)), the second inflation control mechanism, max generation (http://hyperstake.wikia.com/wiki/Max_generation), will kick in. Max generation ensures that no more than 960 000 coins are generated each day. So, except if the amount of stackers goes down a lot, the days of 750% APR will be gone and HYP will have a more traditionnal 200% (then 100%, 50%, 33% after fourth year...)
 the difficulty will begin to rise quicker than it is now. So you will either have to keep smaller blocks, or bite the bullet and use larger blocks that will stake faster and hit the ceiling. The rate is only changed for those that decide to go for the faster stake. (correction by presstab).

Which consequences for the coin? What follows is pure speculation from me:

• Temporary price increase as we approach the "block halving" (which is technically not a block halving). Then dump just after then correction to a more regular price, which might be lower or higher than the current price - I do not know how block halving translates for other coins' economies.
• Accusations of fastmine
• Less interest for what is suddenly "just another TRK/CAP" - This means that we then must communicate on everything else than high interest rate, like HyperPool (http://hyperpool.info/) (the most important), HyperLoan (https://bitcointalk.org/index.php?topic=835772), advanced coin control, other features we will have...
• A stop at the increase of difficulty, since staking is not that interesting anymore - except if the price rises
• Others?

And you, how do you see the effects of max generation?

There has been a lot of talk recently about this "max generation" limit. Here are the numbers I think we should be basing our analysis on.

At the moment of writing this:
The last 960 blocks added 500,014 HYP, average of 521 per stake
Last 6720 blocks added 3,397,835 HYP average of 505 per stake
Last 28,800 blocks have added 11,901,493 HYP, average of 413 per stake

The max generation by definition is when each stake will be 1,000 HYP, thus hitting the ceiling each time. Right now we are about halfway to max generation.  I don't think we will hit max generation for a long time, because people will always be trying to size their blocks small enough to get rewards that are less than 1,000. I think what really is going to happen is that there will be a fight to stay under max generation, this will mean smaller blocks, and smaller blocks will mean higher difficulty.

So best thing is to keep an eye on difficulty for now.

That community involvement only matters in the long run if there is also a good technical background. Doge only has the first one and, especially after Zer0sum's post (https://bitcointalk.org/index.php?topic=678849.msg9385071#msg9385071) on the ANN, I'd like to believe we have both :)

---

Interesting. This would mean the network will become more and more secure with time. So the HyperStake network could be used for 2.0 uses (storing data like contracts, for instance). I like it.

Update: I edited the Wikia article on max generation (http://hyperstake.wikia.com/index.php?title=Max_generation&diff=4504&oldid=4502).

Posted on Polo:

Excerpt from my post on the ANN Inflation control and network security (https://bitcointalk.org/index.php?topic=678849.msg9653924#msg9653924)


And a thought I had after reading Nicolas Courtois on Bitcoin (http://www.nicolascourtois.com/bitcoin/POSTER_100x_Secrypt2014_v1.0.pdf):

No such problem with HyperStake, where incentive to run HyperStake node is present (as long as HyperPool and future clones do not become prevalent). This is something we should advertise.

In any case, since for HyperStake (except for HyperPool), "mining is noding", this should not be an issue.[/quote]

We recently reached an all-time-high of 5.3 in diff. Which is extremely high for PoS. Since HYP is pure PoS, the fact that it is very low compared to PoW difficulty doesn't mean much (for a hybrid PoW/PoS, that would be a different matter).
https://i.imgur.com/jMkDfre.png
Note: we are considering implementing a feature to smoothen the diff. Sure, 5.3 is nice, but this is a peak, with high volatility (approximately 50%) in diff. Since a chain is only as strong as its weakest link, we shall consider the current low point more than the ATH. Smoothening the diff is a way to address the issue of volatility. Consequence: we'll probably not break the ATH anytime soon once the smoothening is implemented but all in all, the network will still be more secure.

In other words:

1. Taking control over the HyperStake network would be hard. It has the highest PoS security in the world (and can't be attacked with PoW)
2. HyperStake intrinsically ensures more node-per-miner than even Bitcoin, so more security

That being said, pure PoS runs the risk of the rentier system, because it reduces upward mobility. Since in pure PoS, "holding is hashing", once you're at the top, you're pretty sure to stay at the top. Barring laziness (not running your wallet), the only way for coin repartition to change is to buy and sell. A motivated actor refusing to sell at any price could get 51% of the staking power and keep it. Granted, the same could hold true for PoW, but in order to maintain leadership, such an actor would have to spend money to constantly buy more hashing power - whilst for PoS, there would be no such need of spending more money, of "running to stand still" - a variant of the longstanding "nothing-at-stake" issue.
To sum it up: on a technical standpoint, the HyperStake network is very strong. But on a governance standpoint, there are some concerns.

Any ideas about how to address this governance concern?
Any ideas about how to market the high diff?

Honestly, I think high PoS solves this problem. Instead of people with lots of PoW hashing power being the largest whales, those that are in it the longest are. And even so, it seems like HYP has had a great distribution of coins compared to other coins with smaller pos, fast premines, etc.


HYP's PoS economics gives the ability to mint coins, to anybody that has a bit of patience, the willingness to build a proper portfolio composition of coin blocks, and the ability to connect to the network often. The barrier to entry to mine/mint HYP is very low.

Your miner ends up being outdated by a stronger one and you must buy it to not be left behind. "Running to stand still".
With PoS, and particularly high-PoS, this is "sitting to stand still".

This is orthogonal. HYP has a nicer distribution (and we should capitalise on it) but correlation is not causation.
I do agree, though, that high-PoS rewards patience. Maybe this is a reason why it is not popular in the ADHD populace of trading. Hopefully, delivering products taking advantage of high-PoS like HyperJobs and promoting stake-and-cash will help.

A list of things being considered, going on or already done. This list does not attempt to be exhaustive and was first written on the ANN (https://bitcointalk.org/index.php?topic=678849.msg9753724#msg9753724).

• Multisend (http://hyperstake.wikia.com/wiki/Multisend) (GUI not done yet)
• Triggers (http://hyperstake.wikia.com/wiki/Triggers)
• Fully functional in wallet block explorer and rich list
• Automating HyperPool (HAT, HyperPool Automation Tool) (not before long)
• RPC cointrol (allows coin control without a GUI)
• Improving code by closing the gap between Bitcoin and HyperStake (Bitcoin => Peercoin => Novacoin => Bottlecaps => Mintcoin => XCurrency => Truckcoin => HyperStake)]
• HyperWallet (webwallet, functional specifications done (http://hyperstake.wikia.com/wiki/HyperWallet))
• HyperOTC (automated OTC à la XCash)
• Announcing HyperSanta Christmas distribution (El_Kabong)
• Continuing HyperDeck (https://bitcointalk.org/index.php?topic=678849.msg9502217#msg9502217) (iantunc, could you open a wikia entry?)
• Longterm considerations for hyperstake.com (marketplace, integration of HyperPool and HyperWallet...)
• Translating the wallet
• HyperStats - gathering and analysing stats, maybe even a Gini index (https://bitcointalk.org/index.php?topic=320404.msg6713962#msg6713962) to promote the nice distribution of HYP (https://bitcointalk.org/index.php?topic=784363.msg9691270#msg9691270) and a presentation as outstanding as Hans Rosling's
• New OP with a multi-column appearance
• Tipbot for reddit (http://www.reddit.com/r/ALTcointip/wiki/index) and possibly Twitter and Facebook
• [speculative] automated transactions (http://ciyam.org/at/at.html)
• [speculative] transaction messages
• disablestake if X (https://bitcointalk.org/index.php?topic=784363.msg9768902#msg9768902), to reduce diff volatility
• built-in new version notification system for new wallet version
• [speculative] CYIAM (http://ciyam.org/at/) (there is a bounty (https://bitcointalk.org/index.php?topic=826263)) or HyperParty (à la DogeParty)
• [speculative] Smart contracts (https://bitcointalk.org/index.php?topic=678849.msg9833065#msg9833065)
• mnemonic seed, à la Electrum or Monero

Feature: disablestake if X

Issue: Difficulty is a roller-coaster, with up to 50% volatility and a noticeable unpredictability. I believe this reduces confidence in HyperStake.
Solution: The solution presstab just finished coding is this: thanks to a RPC call (later, it could be a checkbox option), one can deactivate staking (even if wallet is unlocked or unlocked for mint) once the difficulty reaches a certain treshold. It does cost the holder some profit (by delaying it) so this is not "good" for the staker, but in exchange, it reduces the network difficulty by zeroing this address's weight and thus reducing the overall network weight, hence the diff. So, it is a "lose-win" solution, bad for the individual, but good for the network. This is why it is a voluntary action and it only makes sense to activate it for large holders (if you are not a large holder, stop staking would have a negligeable impact on diff, whilst still having a major impact on you).
Ways for improvement: checkbox activation, conditional activation according to history of network weight, conditional activation according to percentage of total coins in one address, moving from opt-in to opt-out (i.e. activated by default), lowerstake instead of disablestake.
Notes: other usecases are possible (like staking only above a certain diff to protect against attack), but may be incompatible with the ways for improvements.

You guys love to talk... but none of your bolt-ons have added value to the coin.

Why would a few $0.75 loans in a "currency" whose inflation is running at 10,000% have value?
Or endless theme stuff... I can download 50 wallets in one day if I'm hot for theme wallets.

Please note that barely-in-beta-testing SuperNET is worth $3,200,000...
And HYP with "features galore" is worth $87,000 at the time of this post...
Do you have some Master Plan for next summer when we have 200,000,000 HYP @ 25 sats = $50,000?

So you have a very secure, reliable network with a good community worth $87,000...
Build something on top of it that AN ADULT WOULD BUILD... something that generates revenue...
Presstab worked on NXT... go look at NXT and pick something.

Think bigger! You can build ANYTHING on top of this  :) :) :)

You remember this tagline we keep mentionning? HYP is an ex-pe-ri-ment.
Experiments are not meant to bring monetary value (if they do, so much the better, but that's all). And so far, most of what we experimented have not been done before us. So HYP is already a success. Even you admitted it (https://bitcointalk.org/index.php?topic=678849.msg9385071#msg9385071), and compared to other high-PoS, we certainly pushed the enveloppe in terms of community and innovations (most advanced coin control, poolstaking, themable wallets, adaptative difficulty, staking tools, live community, retribution scheme... all of this being delivered and not just promises - let alone what we are working on and do not publicise before release).

So, what else to ask? Oh, yes, money. Look for short-term scamcoins on Bittrex then. To each its own, and us is experimenting.

I have a question, though: since you are a trader, you shall know that developers have no influence on price, right? So why do you even ask?
(update: most NXT's assets are a fail, exactly like most altcoins - plus, the core idea behind HYP is to push PoS to its limit - which is better done with a platform that we know)

Can you tell me, how to manage staking?? each block should be.. xxx.

Because i'm staking more than 2 month in vps, nonstop, till now.

Its not about exchange rate. If thats what you are looking for go find a dev team that is also a pump team.


Maybe I am not reading that correctly... but I never "worked on NXT"....

Build it yourself

I would try to have 1k block as minimum size. 2-3k is the sweet spot right now though.

Closer to 2K than 3K. My 2400 HYP block hit the wall consistently today.

Why my estimate staking increase each days??

I think Zer0sum was misconstrued slightly. I don't want to put words in his mouth so I will tell you what I took from what he wrote. I believe he said that Hyperstake has built a great platform. Don't fuddle about with gimmicks but think big! What can you do to fundamentally change crypto, commerce, contracts, finance, with such a platform? Zer0sum is challenging great minds to be more than even they thought possible. By the way, if indeed this is Zer0's thoughts I'm with him. I'm vested in Hyperstake for the long haul and look forward to all the hits and misses. Hopefully there's lots of misses, because that just means your thinking big and challenging yourselves, the community and the coin. Cheers!  ;D

Because difficulty is going up..  it's becoming more difficult to stake more coins.

More and more people are holding on and staking,  difficulty goes up as a result.

Hey there fellow stakers,

I had a harddrive fail and subsequently by the time I moved everything to the new drive my wallet had been offline for a couple of months. When I opened it up it synced but then it hung staking and wouldn't do anything. I am now trying to rebuild the blockchain but its taking FOREVER. Is there anyway I can jump start this?

Thanks!
Startide

Read here:
http://hyperstake.wikia.com/wiki/Bootstrap#How_to_load_up_the_blockchain_faster_.28bootstrap.29

And the ANN thread where you can download a bootstrap:
https://bitcointalk.org/index.php?topic=678849.0

A lot at happened since last entry in the HyperStake Development journal. A bit too much, I do not know where to start.
 
The price of stability
Price is stable which is good - of course those who bought much higher would prefer a higher price to recoup their losses, but the general interest is for stable price: less pain and you can still benefit but selling your stake, which encourage keepin in your wallet, thus strentghtening the network.
 
Enter the multisend
Multisend is finally here and it rocks.
 
Multisend http://hyperstake.wikia.com/wiki.RPC is the next step in HyperSend and the natural evolution of Stake4Charity. You can now send your stake to more than one address. Also, you are not limited to 50% or your stake anymore - all of it can be sent.
Remember to frequently sell to ensure liquidity (as well as profit) https://bitcointalk.org/index.php?topic=678849.msg8905328#msg8905328
 
Multisend for the moment is only accessible though RPC calls. For more information, read hyperstake.wikia.com/wiki/Multisend
 
If you experience heavy CPU or bandwith usage, you now have two RPC calls (accessible from the debug console): strictprotocol and strictincoming. Information on how to use them on the wiki: http://hyperstake.wikia.com/wiki.RPC
 
HYP is government-immune
Speaking of that, I realised that HYP is protected against a menace that threatens most PoS, particularly non high-PoS: a government could subpoena exchanges and get the hold on the network. Subpoena can have "gag orders" which prohibits the said exchange to even say they received a subpoena, which would make the action completely unnoticed. In the end, the government would control the coin, because in most case, exchanges as a whole have more than 50% of the coins.
 
This is not the case with HYP. A very large majority of HYP is held in wallet. So HYP is effectively immune from governement-seizing thanks to the economical incentive to keep the coin in the wallet - which by the way means that cold staking could be a bad idea, security-wise.
 
OpenAlias comes to HYP
HyperStake is the very first Bitcoin-based coin that implements OpenAlias (only with a bot for the moment). OpenAlias is a neat feature that make sending coin easier. This is a originally a Monero development and it is a big deal. Yesterday, Bitcoin become the second coin to accept it, since the PR for Electrum had been accepted (Electrum is a Bitcoin wallet which doesn't require to download the blockchain - it also has mnemonic seed, another neat feature I expect to see on HyperStake one day) More information about OpenAlias here: https://monero.cc/talks/monerotalks-whatisopenalias.html
 
You can already donate to the development fund by going on IRC and either joinin #hyppero or contacting hyppero and use the following address: donate.hyperstake.com (no www, no http, just this)
 
HYP saves they day
Presstab discovered an exploit that affect most PoS coins. Despite the tremendous security of HYP, it was still possible to use a "timedrift" (different from timewarp) to generate more coins than allowed. It was solved in a matter of day but unfortunately required a hard fork, so we are still recovering since not everyone is on the right chain at the moment. Still, it had been solve very fast. As someone wrote:
https://bitcointalk.org/index.php?topic=678849.msg10492461#msg10492461
 
A potential bad salad situation was handled well.
 
A article was published on bitcoinist.net: http://bitcoinist.net/interview-presstab-pos-vulnerabilities/
 
Going testnet
We learnt from this lesson. We decided to create a testnet and now HYP has its own testnet to evaluate new features or anticipate exploit. This is a big step, because most coin do not have a testnet. To move to testnet, you should open a second wallet with the following instructions:
 
Reduce your load
If you experience heavy CPU or bandwith usage, you now have two RPC calls (accessible from the debug console): strictprotocol and strictincoming. Information on how to use them on the wiki: http://hyperstake.wikia.com/wiki.RPC
 
We also have, in beta, a feature called liteStake:
"liteStake beta: Previously the staking process would continuosly rehash the same hashes over and over, needlessly taking up valuable CPU power. HYP added a std::map that tracks the block height and the last time the wallet hashed on this height. Depending on your staking settings, the wallet will not begin a new round of hashing until after a certain amount of time has passed, or a new block is accepted. This means that there will be 1-5 seconds of CPU hashing once every minute, compared to continuous CPU hashing."
 
We at a time considering change some algo for a lighter one. Eventually, we decided not to, because the most significant one was already SHA256, which is particularly light. So this would have been a lot of work for only a low return.
 
There is too much to summarize here. That's the price of not updating the HDJ often enough. So browser the ANN https://bitcointalk.org/index.php?topic=678849 and scan ##hyperstake and ##hyperstake-dev for latest info!