At present, I'm not interested in selling, as I'm building. After my initial investment, I had and emergency and sold well over half at relatively low price, and have since been rebuilding. I'm above where I was, but I'm not where I need to be. Once I hit the range I'm aiming for, I'll be selling approximately 25% of my stake income for the sake of moving the chain, and profit taking of course, but I'm not in a hurry to hype HYP. It's been growing at a fantastic, and frankly, frightening way so far. Given it's open ended nature and very high rate of POS, I would have been quite happy for it to stabilize in the 1K satoshi range. 6 times that scares me, given how much more there's going to be. That being said, this seems to be one of maybe three High POS coin communities that understands that the POS function is the same as mining, and that more staking coins equals a hedge against rising difficulty or lowering price. This is cool! I doubt that the price can sustain, but then again, I never thought it would get this high. All of the above militates towards ALL HYP stakeholders holding far more than they sell. Make the price of entry a bit high, even with the high rate of coin generation. This will tend to preserve the value over time even as the supply expands. Well done, so far, people! This experiment has gone rather amazingly well  |
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I am glad that Tranz has agreed to stick to the plan set out when the coin was first launched.
There was never any question that it would be changed. We just had a hypothetical discussion on the benefits of High PoS. I think that all the different PoS % have distinct advantages and disadvantages. Eggs should be placed in different baskets, with care. What would be great would be an ETF type fund that used a basket of PoS coins and moved up and down based on the % it held and how each coin was doing. It would smooth out the ups and downs of individual coins, and help add liquidity as well. It would require an exchange and min 25-50 btc. It should hold at least 5-10 different coins. It could even pay out a dividend based on the staking. I would have it hold the following, just some quick picks: A few low coins like PPC, BC. A few medium HBN, CAP, NVC. and some high % like HYP,ORB . Some/all of the coins would stake as normal, those would be paid out in dividend to the buyers. The ETF would have to buy/sell coins and raise/lower the price, based on buyer/sellers of the fund and the market of each coin in the basket, respectively. The staking can be done very securely, in fact the wallet would never have to touch the internet to stake. It would only need a few trusted peers that are on a secure intranet. Those peers(on the intranet and internet) would connect to worldwide peers and the protected peer. The protected peer would only connect to the intranet peers. So the protected peer would contain the wallet that would stake, and would never have to be on the internet!  Anyway just some food for thought. I've been thinking the same thing, and in some detail. I'll soon be in a position to set such a thing up. Anyone interested, please let me know. In the near future, should there be sufficient interest, I'll start a new topic for it, get some people together to administer it, and get the ball rolling. I agree with Tranz's initial picks, though of course I'd add TEK Yeah, it's a personal bias. |
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Current pump is curtisy of Bennyprofane from poloniex trollbox, he's so happy with HYP he decided to clear out all TRK under 2k on every exchange lol funny guy  +1 I like this.. TRK go to mooonn ? |
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Crypto markets are volatile. High PoS markets tend to have thin order books because everyone is staking. My suggestion is to buy or sell over several days if not weeks so that you can average out your price instead of play the game of trying to time it exactly right.
I'd agree with this, and also many sells at small increments from your minimum up to a ridiculous high (cuz you never know), and be willing to adjust UPWARDS quickly if the market is moving. EDIT: I hit submit too early  I wanted to say that you shouldn't adjust downwards, ever, unless you're truly desperate. If you (and many others, refuse to budge, you'll set a floor that can't be broken through. |
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Hi dev,
I know it must be hardfork material but isn't 30 days as min stake age a bit too long ? If It's only to add another layer of security to the blockchain ?
Regards,
Flam.
I think it works well. It scares off the casual "let's flip this and dump it" mentality. Staking TEK requires thought and motivation. I'm also into a rather fast coin, so that's not a dig at anyone, just my take on one of TEK's strengths. The period is fine, and if you want stake more often, you have to plan your blocks accordingly. Well I can live with 30 days, but maybe TEK would be more of interest to other ppl out there if it would be less ? Current situation is a bit like going to a bank and get your interest paid after 30 days compared to others where you have to wait less. Actually a good analogy. I look at it like a Certificate of Deposit, where until it reaches a maturity you gain nothing by touching it, but are much more handsomely rewarded than you would be for, say, an interest bearing checking account. Certainly, it takes longer to get it, but it's a pretty good reward. I think the time to mature is actually a marketing point, rather than a deficit. You put your money into TEK and forget about it while it grows. POS coins in general require a more long term outlook than other types of trading. This is great for a busy guy like me, I can glance at the client, but I don't have to fuck with it really. |
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Hi dev,
I know it must be hardfork material but isn't 30 days as min stake age a bit too long ? If It's only to add another layer of security to the blockchain ?
Regards,
Flam.
I think it works well. It scares off the casual "let's flip this and dump it" mentality. Staking TEK requires thought and motivation. I'm also into a rather fast coin, so that's not a dig at anyone, just my take on one of TEK's strengths. The period is fine, and if you want stake more often, you have to plan your blocks accordingly. |
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Paid.
Purchased 180 GHS (6 x 30) for .288 BTC.
This first payout is very small, only .00158262 BTC,
since those six parts were from one and a half day to
a few hours old at the time of payout. According to the
co´s global stats next payout for a full week should be
around .02 BTC.
I've got a sneaking suspicion this is another PBmining shill account. Can you prove me wrong and show the blockchain transaction ID's for your 6 purchases? Not everyone who participates or does business is a shill. 1354hgPgB8HjZ3qSBAXPzFgbdTbf5RPwiC for my payouts since the beginning. |
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The vast majority do not understand what money is. Money is the actualization of a protocol governing the communication of financial transactions between individuals. It is merely an invention of early man to enable him to store his value (labour) in an inanimate portable un-perishable divisible fungible unit of account that originates in the free market and is sought after by other individuals due to its scarcity, so that he may be able to exchange it at a later time for something of his needs or wants. Sammel Nigel, http://sammel.liberty.me/2014/08/04/bitcoin-should-i-invest/Precisely. And by extrapolation, money is any generally accepted commodity that can be traded for services. Note that I said generally accepted, as opposed to universally accepted or forced to be accepted. Desirability has to exist either for it's ability to be traded, or a desire for the commodity itself. "Legal Tender" doesn't qualify, as it's declared to be of value by central banks and it's use enforced by, ultimately, the point of a gun. However, it is in the interest of those who rule to APPEAR to be angels, not devils. Thus they try (and often succeed) to make the "legal tender" real money in the eyes of the masses. This allows them to pull off all sorts of legerdemain, from uncontrolled inflationary policies to outright theft (eg. Quantative easing and the theft of all gold bullion in 1937). Banks have been complicit in this as it has served to enrich them and make them invaluable to the brokers of power. Banking in itself is both desirable and necessary to any sort of widespread commerce. It's what they have done to debase the currency that makes them wrong, not their existence. Bankers, like politicians, can read the writing on the wall, and Bitcoin and it's successors scares them. They are smarter than most politicians, and will try to control this new currrency rather than fight it openly. If they play it right, the populace will see them as heroes. |
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Haven’t' been up this time of day in a while.
PAID!
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Yes, let's do this. My ideas are below which will require a hard fork. Increase interest to 10% - not too high and not too low. <relatively easy> Have another POW phase for 100k coins for total to ~200k - Will increase FIRE awareness and get miners involved <probably relatively easy, but I have no idea how to do it. > Have marketing campaign alongside phase 2 POW stage - twitter, facebook, exchanges, etc. Wallet upgrades - not too much here but maybe update wallet splash screen and wallet background...ideas??? Any other ideas?? Skype me. I sent you my skype name in pm a couple days ago. I have some ideas, and am interested in doing this, though I have massive time constraints. I would like to talk to the people interested in forming a team. EDIT the comments in < > are my edits |
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To those that understand what money is: cryptofiat is as useful as a crotchless chastity belt, some fuckery is going to go on... GUARANTEED!
The vast majority do not understand what money is. You can see that in a five page slice of any internet forum dealing with anything remotely related to commerce. This is deliberate social engineering that has become progressively more aggressive since 1913, and will continue apace until either broken or replaced with another form of money. Crypto has the potential to be that, but it also has the potential to be subjugated. Never underestimate the power of manipulation by rulers, and more importantly, never underestimate their ability to harness the power of millions of stupid people. |
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what can we do if stuck?
time to earn reward 1 day but until two day i got nothing
Don't sweat it. It's an estimate, and usually wrong. That's not a coding error, it's just the nature of staking. It gives you it's best guess based on current network conditions. As long as the block is still gaining weight, you're ok. |
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I can't say I disagree with either one of you. When I was a young single guy in college I could have been either one of you. My attitudes changed when I became a father. I made the extreme post showing the photos because I want people to understand this is a real issue not a hypothetical one. Is the girl in the photo just some knocked up stupid bitch that let her boyfriend hook her on drugs or is she someone's daughter or sister in trouble? Perspective is everything. It's easy to want freedom for this drug dealer (or facilitator) if his release won't effect you personally. I know jailing this guy is like floating in a sea of shit and reaching over the side of the boat to pick up one turd. It seems stupid until you realize that all you can do is flush one turd at a time.
Young people don't always make the best decisions. Mainly because they're immortal. I know because I was immortal until I was about 30. I don't know how to get my kids to 30 without being overprotective. Many times the legal system overprotects people even when it can't really solve the problems. But some people think they're immortal or their just stupid and need protection. Is it the best system? Definately not. Is it a good system? Definately not but it's the only tool I have to work with today.
I see your point. For the record, I'm a few weeks shy of 46. I also have two kids and a third on the way. I still believe as strongly as I stated above, and yes, this is the system we're currently stuck with. But it needs to go, and punishing DPR for, frankly, doing the same thing that any pharmacist is doing, does not help this nebulous "society" nor serve to protect anyone. The simple fact of the matter is that getting drugs is ridculously easy, no matter the venue, and that the silk road and similar sites existed before bitcoin, and will continue. I agree with the guys who say it probably prevented more violence than it caused trouble. Drugs get a lot of blame. Drugs,, like guns, knives, and blunt instruments are neutral. They do nothing on their own. You can't have a war on drugs, cuz they won't fight back. The war on drugs is a war on people. I do not advocate the legalization of some drugs, we already have that. In fact, the two most deadly are available in most convenience stores. I advocate and end to ALL criminalization of personal behaviours. I know whence I speak, as I've know a lotof addicts. Most who do want help don't seek it, because they are afraid of the consequence of the law. This is counterproductive. It also leads to massive corruption and a narrowing of focus by so called law enforcement agencies. When a drug bust carries more time than capital murder, which is often the case, you know that the system is useless. I don't have any short term solutions, other than immediate repeal of all criminal penalties for the sale and possession of drugs. That one thing would reduce the violence, stigma, and danger by so much that the rest would seem a small problem. Addicts would be able to seek help without fear. People who used and were personally responsible (in my experience, the vast majority of drug users) don't run the danger of getting shot or getting a vein full of Drano. It's the only short term solution that makes any sort of sense, and the evidence of it's success lies in Holland. The difference between Ross and a pharmacist is that a pharmacist is simply following the instructions of someone who took an oath look after the medical interests of the patients they see while ross was looking after the interests of drug dealers who only wanted to make money and were not looking after the interests of their customers (other then the fact that they would get a good "high" So, quantitatively, no difference at all. Just a different market demographic. Also, pharmacists and doctors both are more often looking after the interest of their actual customers (the insurance companies) than their patients. It's not general, but it is wide spread. By your argument, a "street pharmacist" is by far the more honorable of the two, as they are neither using the Nuremberg defence or actively suppressing the true effects of their product. |
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Saddened to hear that tom is going to leave the coin behind. I had just read through an interesting thread yesterday and was going to make a suggestion to completely "revamp" the coin to change it to be a very high PoS coin even though it would be controversial. I had never really considered those coins before but after reading through the thread I've completely changed my point of view on them. A very high PoS would sort of fit with "Fire", i.e. the Roi is "on fire" lol
It would require a hard fork, but it's seriously only a couple of lines of code. |
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Which block & address does the stake interest go into?
What's the best method for combining the stake interest into new blocks?
thanks
that is the 1600-4000 HYP question We've been discussing the "best" strategy since page one of this thread, and I do not believe we've arrived at a consensus. I will say what I think best under a couple of different scenarios. The first one is my strategy, and it's by no means authoritative. The idea behind it is simple enough: I want to have coins staking every day. I have not yet achieved this goal, but that's part of the strategy. One, get your coins in to about 4 or five blocks, assuming you have in the neighbourhood of 5000 coins. (I started with less and have just got to this point with my most recent stake) For my example, those coins are in blocks of 1000, which some here will tell you is below the minimum. That argument has merit, so bear in mind this is MY way, not anything official. I'll deal with the other in a minute. At the beginning of each day, use coin control to send a block of 1K to yourself for 4 days, leaving you with five days of 1K blocks. Starting approximately ten days later, from my experience, these will stake a block each day. As soon as the stake confirms, recombine them into larger blocks (the full amount of the two new blocks). Repeat the cycle until you have five blocks of 1600. Then, each time you stake ALL blocks and/or you have 1600 coins in change from minting, combine them into blocks a day past your last stake. Keep this up till you reach 28 blocks. Then, each time you stake, recombine until you hit about 4K per block. then you should get a stake every day The more conservative approach, I suppose, is to combine in to as large of blocks as you can between 1600 and 4000 coins. Again, you probably want to do this over a period of days so that you have a chain of staking blocks, but this will give you a higher chance of staking early in the period. From there, the stategy is still pretty much the same, get as many blocks in a day by day chain as you can, and that gives you a steady income and helps move the chain along for all of us. |
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I am in the process of having a Block Explorer/ Rich List Created. I have been speaking with 'TheAltCoinGuy' and here is an example of what they will provide for 0.15 BTC. http://altcoinguys.blockexperts.com/fltAny one who is interested in helping crowdfund this please send some BTC to my wallet at: 1MjmtawZxYDvgSB7WqQ2sk6qSJJkWRaKM3 This will help add legitimacy and make scouring the code easier for those who know how to do so. Just another step on the road to 5,000 Satoshi :-) It will also make the accounting for the 'Top 10' Holders to qualify for Club #RawMetals much easier. I am looking to do this sooner than later, so any donations will be greatly appreciated. I am happy to spearhead the initiatives for this coin, but it always helps to have a community to help out and create synergy. Best, ATX ATX, am I understanding correctly that you are taking control of this coin? If so, you'll be the third to attempt it. Also, if so, I'm in. Followed for a while, but have not done anything with it. Saw what you did on EAC, and though it didn't quite work out, it was never due to your efforts. |
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Excellent, with HYP nearing $10k 24 H volume according to CMC, I think next goal should be just maintain this level of volume.
I think most ppl that are into high POS coins know that a stable price is more important then regular pump and dumps. While BTC and other alt coins took a little plunge, HYP and other high POS coins staidstayed very stable. FTFY. Sorry, I"m a bit obsessive on typos from smart people Anyway, spelling aside, I agree. I've been with TEK for a long time and HYP since it started. In both cases, the level of FUD and stupidity is much lower than a lot of the competition. It's actually one of the reasons I was initially liked TEK and HBN, the communities were less full of nutjobs and seemed to be at least marginally aware of economic theory. FTFY. Sorry, I just had to.... it made me chuckle when the typo fixer makes a typo in the same post. You made the same clerical error when you corrected my "loose" last time. At least it put a smile on my face this Friday morning. :-) I plead lack of sleep! Between us, we'll get this shit straight. Glad to be amusing some of the time. |
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Excellent, with HYP nearing $10k 24 H volume according to CMC, I think next goal should be just maintain this level of volume.
I think most ppl that are into high POS coins know that a stable price is more important then regular pump and dumps. While BTC and other alt coins took a little plunge, HYP and other high POS coins staidstayed very stable. FTFY. Sorry, I"m a bit obsessive on typos from smart people Anyway, spelling aside, I agree. I've been with TEK for a long time and HYP since it started. In both cases, the level of FUD and stupidity is much lower than a lot of the competition. It's actually one of the reasons I was initially liked TEK and HBN, the communities were less full of nutjobs and seemed to be at least marginally aware of economic theory. |
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I am currently running v1.4.0.0-g4ddc7a0a-hobo. Do I need to upgrade now, or can it wait for a bit?
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also as far as the .dat file for my backup wallet, i see now %appdata% anywhere on my c drive, and yes im running the wallet right now im running windows 8,any thoughts?
open folder options. Click on the "view" tab and check "view hidden and system files" Then, it's under C:/users/username/appdata/roaming/hyperstake. That's also where you want your configuration file if you're using one. (which I recommend, as you can set up RPC passwords, known good nodes and such). |
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