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221  Alternate cryptocurrencies / Announcements (Altcoins) / Re: HoboNickels - HBN - Fast High Reward PoS - Advanced Wallet - Fun Community. V1.4 on: July 20, 2014, 10:39:37 PM
Interesting this should be cropping up now as a conversation point.
and with Tranz suggesting new developments (500 HBN limits)I went back to some of my 2013 calculations on inflation

back of a coaster style as always.

for POS to outweigh POW impact for inflation the average POS bloc needs to pay >5HBN

there are 28800 block in a 10 day cycle
28800*5 = 144000 HBN created by POS every 10 days
requires an active HBN coin supply (regularly being staked) of 7.2 Million HBN ..

Thats without POW blocks and balances on (I assume no staked) exchange wallets.
So I figured inflation by POS wasn't even an issue before probably ~8-10 million HBN coin supply
- my rule of thumb and interestedly watching to see how it actually plays out.

Of course when POS inflation gets started it starts to run out of control without the reward reduction that's in place.

BUT
 
Something more fundamental bothers me, and has done since the start ..... Maybe someone can clear it up for me?

If HBN (any POS insert name here) was to become a reality with a wide user base I'd expect to see more than 28800 wallets globally (orders of magnitude more) staking many blocks in 10 days
but even if they only staked 1 block how do they all get serviced with POS reward with only a finite number of block rewards available? i.e. 28800 (2880 per day)
They can't carry over as the backlog would just get forever bigger.
Or would Max age end up needing to be very large? - kiss byebye to compound interest bonuses

I realise my example is worst case 10 days and should be perhaps 30 days (nearly 100k blocks) or more but even then .... orders of magnitude vs a triple?
222  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | Proof of Stake | 750% Annual | Coin-Swap & AllCoin on: July 15, 2014, 07:14:12 PM
I don't think the clients netweight gets updated till the block is solved. It's probably HUGE
223  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | Proof of Stake | 750% Annual | Coin-Swap & AllCoin on: July 15, 2014, 06:09:35 PM
Just to be clear, can someone explain exactly how we stake the coins?
For example, my wallet shows the balance (100% of coins), with Stake at 0.00 and unconfirmed at 0.00

Usually with the wallets I've had before when staking took place, this was automatic - so am I missing something?

It's not locked either.....
yes the overview page is showing correctly. You don't see any "Stake" until you have solved a POS block.
The coins in the block used to gain the reward (the block which is split in two with the reward added) show as "staking" for the time it takes for the network to confirm your reward block.

So basically you don't see that stake value all that often.

If you want to see the coins and weight mature and ready for POS work you need to look into coin control or hover over the hammers icon (lower right)
224  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | Proof of Stake | 750% Annual | Coin-Swap & AllCoin on: July 15, 2014, 05:51:59 PM
OK I'll wait for my 3760 weight to have some impact then ....
225  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | Proof of Stake | 750% Annual | Coin-Swap & AllCoin on: July 15, 2014, 04:31:29 PM
34295 not stuck here.

yes 34295 for hours now.
226  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | Proof of Stake | 750% Annual | Coin-Swap & AllCoin on: July 15, 2014, 04:21:26 PM
yeah same here. got lots of blocks just awaiting .........

227  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | Proof of Stake | 750% Annual | Trading on Coin-Swap on: July 14, 2014, 03:31:13 PM
Maths in that above mentioned noble coin POS document needs some looking at
is it 175% annual ? ... there is a clue in the word annual .. sorry to be an(u)al Cheesy

On that note anyone care to shout out the 9 day return on HYP  ie is the 750% compounded or not?


Not sure what you are asking here. But no 750% is non-compounded.

K done a very quick scratch out - but I knackered and could have just balled it up.

If the annual target is 750%
Compounded comes to ~5.4% per 9 day period
40 periods a year @ 5% compounded 745% profit

non compounded (spent returns) needs more like 18.5% return in a 9 day period


AANNND I just found an earlier post which seems to confirm the 18.x non compounded rate you just suggested.  
plz scuse the head fog ... I'm still trying to get the shear MAGNITUDE of HYPERSTAKE into my head Cheesy


*EDIT
it's a terminology thing, not being an accountant I had to go look it up to remind myself.
If the annual return depends on the frequency of compounding it's called "Effective annual interest rate" or "annual equivalent rate (AER)"
I'm not even going to print that here. It's a pretty big number .....
228  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | Proof of Stake | 750% Annual | Trading on Coin-Swap on: July 14, 2014, 02:48:28 PM
Maths in that above mentioned noble coin POS document needs some looking at
is it 175% annual ? ... there is a clue in the word annual .. sorry to be an(u)al Cheesy

On that note anyone care to shout out the 9 day return on HYP  ie is the 750% compounded or not?
229  Alternate cryptocurrencies / Announcements (Altcoins) / Re: HoboNickels - HBN - Fast High Reward PoS - Advanced Wallet - Fun Community. V1.4 on: July 14, 2014, 02:38:06 PM
I'm with ryanb on this ... not sure I'm understanding what a "marketplace in the wallet" even is
230  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS on: July 10, 2014, 08:59:53 AM
Stake weight is a fairly simple calculation

(Block Age - Min Stake Age) * # of coins in block

So if I have a CAP block of 100 on day 16 then it will be: (16-15) * 100 = 100 weight

So big blocks build weight faster.

Would it be beneficial to the coin for your combined stake weight to promote the successful staking of your oldest block rather than just itself?
231  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS on: July 09, 2014, 06:37:04 PM
i have 8 blocks each around 2500 and have the same deposit date on my wallet that i transferred from Cryptsy

but only one block stakes 2 days ago and the rest didn't stake yet.

What is making me think is how come the other blocks didn't stake while they are all deposited at the same day around 10 min between each transfer.
You have an experiment running that will demonstrate "variance" pretty well.

As I understand it
The stake weight is a mechanism based on time  - the actual reward is a weighted lottery based on luck.

In my TEK explanation above I was pretty gob smacked to get a reward for a 17 TEK blok in ~1 day ..
I was expecting a couple of weeks as the stake the two blocks had come from the month prior had taken ~27 days and for that the block nearly doubled (~2 months of 40%).
but either way your first block staking diminishes your stake weight (the two new blocks are immature)
I haven't looked seriously at the mathematics, your weight might assist your oldest block or just a mass of blocks with weight raises the chance of any individual block staking.
That's one for Tranz - Presstab and the guys that really get into it.
232  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS on: July 09, 2014, 05:11:41 PM
Hello,  

I hope someone can help me understand staking with CAPS.  I've had my wallet open since stake date initially started.  My stake started at 4 days, then went to 2 days, then 1 day, and back to 2 days several times.

When do I officially receive the coins from staking?

Also, there is no straight forward answer on nearly every other POS coin through Google search.

Thanks.
Sounds like you have a relatively small stake weight (slowly growing) which is in competition with the network stake weight (which is constantly changing).
There is in absolute time to stake that 4 day / 2 day number is a guestimate of a 50% chance, so only use it as a guide to how much competition there is going on in the network.
In the long run it doesn't matter as the longer a block waited to stake the more reward it gets.(ish)

I can give you a pretty clear example from my TEK wallet which has very sparse blocks unlike my HBN wallet which has 100s constantly staking

I had two small blocks of ~17 coin mature at the same time, one staked a day later an earned ~7TEK (~40%) the other waited for another 4 days and received ~7.8TEK (~45%),
So all is good, a bit more for the extra patience.
 
The only down side of the extra days waiting is that in the long run compound interest is lost for a day or so each staking round so every now and then its worth recombining your blocks
into larger ones to take the load off your client if you have 1000s of blocks and keep your blocks staking relatively quickly.
233  Alternate cryptocurrencies / Announcements (Altcoins) / Re: HoboNickels - HBN - Fast High Reward PoS - Advanced Wallet - Fun Community. V1.4 on: July 09, 2014, 04:49:44 PM
I got another one.... but it'll tax you...

How about a maximise button on the coin control window?
I finally got fed up stretching it Cheesy
234  Alternate cryptocurrencies / Announcements (Altcoins) / Re: HoboNickels - HBN - Fast High Reward PoS - Advanced Wallet - Fun Community. V1.4 on: July 08, 2014, 01:40:39 PM
^ yeah after the manic bubble UP and the usual worries & FUD on the return slope I think somewhere between here and 20k should be about normal
I was surprised to see HBN fall through 10k sats but then the recent recovery (post CAP fork) as interest swings and people see cheap coin on the books.

Also another thought on update.

Would it be possible? - not sure about sensible and open to abuse -

To allow a text field allowing free text to be added to the blockchain when you POS a block.

I'm thinking in terms of the future charity activities and community info to be immortalised such as
"The red cross adopts HBN today" and
"$x donated by HBN users to xxx"
Major funding activities and disaster funds could be highlighted in the client as well a s a future "This day in Hobo History" field sourced and serviced by this free text function...

Also giving particular addresses functionality as in a certified charity address/wallet could should be able to do things a standard wallet/address can't

So I have considered adding messaging to the client and block chain. I do like your ideas. So I might begin to consider it more seriously. The only thing that is really holding me back is I am not sure if this type of thing would really bloat the block chain, it may also require a hard fork, so I would have to keep both of those in mind before we moved down that road.

The S4C will make it fully into the gui, and may also have some charities of choice hard coded as well.

Great ideas, keep them coming.

One thing I can think of that makes text in blockchain not as interesting, actually rofo told me about this risk, what if an enemy of the coin inserts something like how to make a bomb or something that could grab the attention of law enforcement?  Something to consider.

Yes this comes under my "is it sensible and or open to abuse" concerns.
Looking deeper I see that Blockchain.info offer a public note function on their wallets which at one point was included on the blockchain but has since been changed (due to concerns of blockchain bloat) it now resides on their own databases and linked back to transactions.

My first thoughts were to limit the text ala twitter or have some kind of elevated wallet for trusted publishers.
Trusted publisher might be the way to go for simple coin related headlines and community communications.
I'd imagine any future android app would be more focused on community aspects and quick transactions than staking so there is the "on the go" vibe to consider.

To widen it to all coin holders would need something like
A twitter account (first that came to mind) and modifying the block explorers and client to cross reference the transaction IDs
A wllaet function that allows "submission pending approval" for linked tweet to your POS block
Needs some over sight to screen inevitable junk.

It's possible this could be a route to make the free text public outside the need for a client or block explorer, you know, so HBN can show off a bit to everyone and boost cryto awareness, downloading of the client and start staking.

Anyway I'm just talking off the top of my head. I think there is something in there but it needs working out.
235  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS on: July 06, 2014, 08:16:14 PM
I would like to quietly point out that in the last few moments

I GOT MY STAKE!

Many thanks for your efforts in drilling into the logic here

and while i was typing

I GOT MORE STAKE!

Cheesy


Your theory was bang on sir!

Excellent! Smiley

Hope Tranz reads this. I would love to hear is take on this Wink

He should find it difficult to miss.


I received mine as well. Smiley

So understated, very civilised - go on, let yourself have a little woohoo 
236  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][0.8.6] Truckcoin - TRK - X11 - 200% PoS Interest! on: July 06, 2014, 06:56:32 PM
has it forked then, the two block explorers show different current blocks. moved coins about an hour ago, no confirms and probably now lost.

The http://trk.cryptospread.com:2750 block explorer is still showing new blocks found all the time, so I think maybe the official block explorer is just stuck for a day or so. I've contacted Bawaler, so he should hopefully fix it soon.
I noticed that was down earlier but transactions have been fine for me upto an hour ago.

As I understand it the HYP thing should have zero impact on the TRK chain. They are just taking a point off it (cut and paste style) and starting with a new fork & client
the TRK clients wont have the appropriate coding to see the new chain so can't get confused.
237  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS on: July 06, 2014, 05:14:42 PM
I would like to quietly point out that in the last few moments

I GOT MY STAKE!

Many thanks for your efforts in drilling into the logic here

and while i was typing

I GOT MORE STAKE!

Cheesy


Your theory was bang on sir!
238  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | Proof of Stake | 750% Annual | Fork Launch on: July 06, 2014, 04:56:30 PM
Hi Guys.

How do you get in on this if you cant mine it?

Buy TRK on Bittrex today and hold it in your wallet when the fork occurs.

TRK wallet??

Look up Truckcoin. You'll need to get that going to get in on HyperStake at the beginning, or else you could wait until HyperStake is on an exchange and buy.
I'm guessing this...
Technically you don't even need to sync the wallet - buy on exchange - TRANSFER to wallet address and keep an eye on the block explorer to see it confirm.
copy wallet.dat and sort the TRK out whenever.

Bit skin of the teeth but hey .. it's an experiment right
239  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][HYP] HyperStake | Proof of Stake | 750% Annual | Fork Launch on: July 06, 2014, 04:28:26 PM
HighP ..  just throwing it in

*edit* HighAPR .. oh come on!
240  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Bottlecaps 2.1 UPDATE REQUIRED - HARDFORK JULY 4 2014 to 200% Annual PoS on: July 06, 2014, 04:18:22 PM

EDIT: @PressF1, do you know how old were your blocks when they staked?

Not exactly but more or less i do, cause the older they are the more stake they produce, combine that with the amount staking and you can get an idea of their coinage:

Say your block is 100 cap at day 15 it has a weight of 0 and a stake percentage of 8.3%
At day 30 weight is 1500 (1 per cap per day) with a stake percentage of 16.6% and so on.

so if your block of 100 produces a stake 17 you know it's age must have been 30days=1500 weight
In this example the yearly pos rate is 200%. If it gets lower you should take that in account.

One thing I don't take in account is max of 45 days in caps case. Then probably the weight isn't getting larger anymore so no need for complex calculations anymore. Haven't observed this though, so not sure about that.


  

I was asking in order to support my theory, were you about at 30 days of age, or more ?

Yes all the blocks that staked were older than 30 days. 33 days is observed minimum. I must add that most of my blocks are quite old though. If I don't forget I'll let you know when stakes < 30 days occur.

I guess the only other thing that needs confirming (I think I have seen this on the explorers already)
Is that stakes that should be receiving more than the cap are being pegged back to 1k and not ignored or rejected
obviously my blocks would have got significantly more than 1k but I am expecting 1k exactly per block
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