Today is a historic day for HyperPool, as Pool_2 was the first pool to stake.
Stake amount was 868, plus 200 bonus HYP.
Congratulation to all nonparticipants and thank you all who helped this project be a success.
Also, thanks to mtwelve for the PoS Pool idea and ssta for improving spreadsheet template.
And of course, special thanks to Presstab and David Latapie for HyperStake, that made all this possible.
And thanks to you and locohammerhead for spending all this time on HyperPool. You make me proud! |
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Can you elaborate on how you'd see dumped private key and multisig to work? dumped private key alone won't work but if we can implement multisig, I could propose bigger and bigger loans with time (I don't plan to go above 8k with the present situation). I might be able to do some of this, if some of the more technical guys can run with my prose and edit for errors. I'll get started on it. POS coins in general fascinate me, both because of their potential and how polarizing they can be and how badly misunderstood Proof of Stake is, especially since it's so frequently compared to interest, which it is not. It seems that multisig and minting are mutually exclusive https://cryptocointalk.com/topic/6681-signrawtransaction-multisig/#entry57515On the other hand, Sunny King (Peercoin founder) is working on cold storage minting, which may be an alternative http://www.peercointalk.org/index.php?PHPSESSID=j01vs198k6kq1aiddsf5pl2qn4&topic=2783.0
I'll go into why this matters later. Please do or even open a page on hyperstake.wikia.com!
Also wanted to note that the 10 coins in single coin blocks are all about a day away from being eligible for stake, for any of you lovely lunatics following the experiment.
Address is pSTdDBKzCH1wqsRTTpkDY8rtAXyFqYwKG4 Give us a screenshot of the present state, highlighting the important parts. |
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The first OTC trade had been completed on ##hyperstake-otc.
I usually do not sell at these prices (and even less so with a discount), but it was a longtime, trusted member so I sold OTC escrowless at a discount on an already vile price. I do not regret it because the buyer comitted to continue being a "positive/benevolent actor in the community. Keep the principal, and only sell the staking - but not all of the staking."
Remember that OTC means you won't disturb the market or experience slippage. If you don't trust the other party, use an escrow - you can usually get one for 1% of the transaction in both currencies, so the escrow will get 1% of the HYP and 1% of the BTC, XMR, or whatever is the other currency. Also, remember that nicks can be abused, either because the nick is not registered (you can check that with /msg nickserv info <nick>) or because it had been intentionally mispelled (like davidlatape).
I won't sell again today, so don't read this as public offering. Only as an incentive to try ##hyperstake-otc.
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I still think that someone needs to produce a quality Whitepaper...
Something along the lines of "The Phenomenon of the High Stake Alt Coin Niche"... I'd rather see a HyperStake whitepaper. It would contain two parts: - one about PoS and how it is an alternative to PoW with its peculiarities (greener, but also merge token and mining power, which means that rich stay rich and poor stay poor except if they buy/sell) plus the orientation of this coin (experimentation; including multisend and its consequences, plus the fact that it would be maybe the first whitepaper after the release of the coin, yet another experiment). There also would come your considerations about "why high stake is working better than expected" and "why high stake has proven for 12-18 months to far exceed Zero Sum expectations. I would also add some psychology about aversion to loss and how sharing profit (and not principal) encourages sharing and what comes with it.
- And another part, more technical, meant to explain the inside technology and could be obtuse for non-dev.
Agree, too stiff formulation, a little misunderstood. It can be a reward for a promotion plan or some idea, a separately standing application of the HyperLoan feature. The sum of a loan can be enlarged to create a good stimulus for producing and for implementing this ideas. And the risk of non-returned loans can be eliminated by a dumped private key and multisig (in theory).
Can you elaborate on how you'd see dumped private key and multisig to work? dumped private key alone won't work but if we can implement multisig, I could propose bigger and bigger loans with time (I don't plan to go above 8k with the present situation). |
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I want to qualify for Hyperloan.
My address is p5j7fqtr8rr3faYRsyqSnvrSVz1eczhigH
Thanks.
Added on the queue line. is this address a new, empty address? |
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I am a bit confused with Hyperloan concept...
What is the goal ? Making people discover the coin ?
But if someone ask to be on the list for Hyperloan, he must have already a good vision of the coin ? ???
HyperLoan is a reward for outstanding promotional efforts. It also plays a role of a product sampling for those who don't have any HYP but like the idea. HyperLoan is first and foremost a way to increase the visibility of HyperStake by giving a one-time access to "super-faucet". This acces, though; comes with a price: you must ask for it, create a dedicated address and give the principal back. All of this requires you to understand how HyperStake works. That's why I also compare HyperLoan to a serious game: you learn something (HYP) by playing (staking and using coin control). Experience proves that even longtime holders learn things about Hyperstake (creating a address, splitting block to try to optimise their staking...) The outstanding promotional efforts are "just" a way to prioritize candidates - I did not expected such a success, so I had to find a way to sort people. If just updated http://hyperstake.wikia.com/wiki/HyperLoan to make it clearer for newcomers.
At okay. So the HYP Wiki is also wrong because I see it says stacking several times throughout? Yes, since I wrote most of the content. :)
IDEAWhile all this talk goes around about a multipool for HYP and we already have a POS pool there should be a way/incentive to combine the two.... HyperPool and MultiPool are different things, although the confusion is easy to make and so shall be worked upon. - The multipool is an "alt multipool" like what exist since Blackcoin invented the concept: a multipool (that is, a coin-switching pool, mining the most profitable coin and dumping it for BTC) that uses the BTC to buy HYP, creating a constant buy pressure. We might improve upon it by using something similar to DMD, which, instead of using its own code, build upon experienced multipools like wafflepool or mining services like nicehash. So, it becomes a sort of "meta-alt-multipool" (like there are "meta-search engines").
- HyperPool on the other hand is a first of its kind, a real innovation. It continues the comparison of PoS with PoW. PoS is just another way of mining (a greener one, by the way). So, like for PoW, we see a concentration of mining power which leaves small miners unable to mine much. Just like, for PoW, solo-mining ultimately becomes useless (except for securing the network) because "the fat boys get it all" and thus pool mining was created, with HyperPool, we are doing the same thing for PoS. Giving small miners a chance to stake in a reasonable amount of time. United we stand :).
I hope the difference between multipool and HyperPool is more clear. For information, HyperPool was first called StackingPool - which doesn't uses our marque "Hyper" but is easier to understand, I believe. Probably one could say that HyperPool is the first ever stackingpool. (this also means that your Idea #1 is not applicable)
IDEA(2nd)
Why not start a signature campaign? If we have enough HYP staking the rewards should be able to keep the HYP signature payout self sustaining. It wouldn't have to be much, perhaps we could start with 1-10 HYP per post.... Extra if it points to HYP in some way. What we don't want is to start spamming HYP tho, which most sig campaigns do.... I wouldn't be able to design a sig campaign, but sure would love to manage it via excel, or google spreadsheets for transparency. Do you mean something like Primedice, where people get some BTC just for displaying the primedice link on their signature? If yes, it could only be considered if it can be automated. I will investigate your Greencoin link later.
Multipool is also a great feat and community strenghtener. Not trying to sound copycat, but the multipool website 2.0 that Blackcoin devs designed was great and gave a sense of strenght. Also the multipool fees had an option to, for example, set up 1 or 2 % to the pool operators AND 1% or 2% towards the Shield.
Im still not much convinced about the success of the shield, tho. Seen lots of them and they eventually always fail if macro fails. But maybe is a matter of size, for example, i dont think XMR dumpers will be able to break Rpietila 100 Wall on Polo... Lets see. Also i expect great things from David's shield. With his experience im sure he will have one or two tricks under his sleeve. Either the HyperPool website (centralised) or Multisend with a triggers on originating address (decentralised) could be used for HYP. Daisy-chaining the pool to the buy wall? (pool to wallet to buy wall)? Yep, possible, that the power of daisy-chaining :) We yesterday had a brainstorming session on IRC and the result looked like this: "Preemptive action, progressive retaliation" 1. Preemptive action. Whales use S4C/ HyperSend to kill the pump before it explodes (remember; " HyperShield is a set of practices more than a technology"). For instance: if the price is below 5K, they don't sell. If the price is above 5K, they send 25% of their stake to the exchange for selling (StakeHunter pledge). If the price rises too quickly ("too quickly" being decided by the community), they raise the percentage of staking to be sold. 33%, 50%, 75%, 100%. The will generate an increasingly high sell pressure that will neutralizes the pump. Why just the whales? First, everyone can do it; second, " noblesse oblige" (with great powers come great responsabilities - read Rich man's problems). 2. Progressive retaliation. If this doesn't suffice and the pump does explode into a dump, then the first retaliation is to activate a market bot for helping in a "soft landing". 3. Progressive retaliation. If it is not enough, then we "go nitro". This means using some of BTC accumulated by HyperShield (donation, eaten buy walls...) to buy hashing power at nicehash. The multipool mines like crazy(loaf), much like a car with nitromethane. And I like the imagery more than "steroids" :) 4 Progressive retaliation. Finally, as a last resort, we erect a buy wall with the rest of BTC from HyperShield (it is important that a buy wall is not constantly erected). Worst-case scenario (the buy wall gets eaten), we have more HYP to sell later at higher price. This strategy is inspired by the defense in depth strategy in IT security. |
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Posted on Polo: Let me tell you how awesome the HYP community is. We long planned to set up a multipool for HYP, we needed 0.75 BTC. We got them in 20 minutes. Now THAT'S a community. HYPsters are in for the long haul, not for the bubble. |
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How to increase your chances: - Every week, you get a +1
- Contributions give you an edge. This is subjective, you could win above a +10 with an excellent contribution
- Being recognized as active or worthy by the community
- Dedicated address in the list (not necessary to populate it with faucet): priority
- Other?
How to decrease your chances: - Having less than 100 posts at the time registering will get a -1
Candidates: What you, as a nominee (not just a candidate) will have to do: 1. Create a dedicated address in your wallet and post it on the forum, so that anyone can track the progress. If you don't know how to do so, just ask on the forum  2 Once you have received the 4K HYP, you will start posting on HyperLoan logs about your feedback. It can be just one posts several posts tracking your increasing understanding of HyperStake, questions... and of course, everyone can post there too. 3. At the end of the 30 days, you will send the principal (4k) back to the originating address pHypLoanFPWT6awN1TYRQ4v3wD3yY1n8KT (courtesy of iDunk). Happy loaning, happy stacking! |
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I got a question is it staking or stacking? I see both, but thought appropriate term was staking.
Staking but I always write it wrong, sorry about that. |
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Monday is very important in crypto-currency. - Monday Monero Missive - HyperLoan  As promised, today there will be not one, but two nominees. jaybeeuk, the first nominee, is keeping us in touch with the progress of his staking and will be joined by two persons. The nominees are the one who have the most of +1 and/or added contributions and/or proved worthy in one way or another. So the choice is much easier than last time. We have two persons with several contributions and thus there are the ones selected for this week. The lucky worthy winners are: Paulsonnumismatics also proved particularly inventive and commited, since he plans to promote HyperLoan to his real-life customers too. This is the kind of initiative we need: beyond Cryptoland! What you, as a nominee (not just a candidate) will have to do: 1. Create a dedicated address in your wallet and post it on the forum, so that anyone can track the progress. If you don't know how to do so, just ask on the forum 2 Once you have received the 4K HYP, you will start posting on HyperLoan logs about your feedback. It can be just one posts several posts tracking your increasing understanding of HyperStake, questions... and of course, everyone can post there too. 3. At the end of the 30 days, you will send the principal (4k) back to the originating address pHypLoanFPWT6awN1TYRQ4v3wD3yY1n8KT (courtesy of iDunk). Happy loaning, happy stacking! |
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The guards at the city gates were nonplussed. Not even after reading the letter signed "Pontifex Maximus". How could such a humble man be Earl d'Armagnac? Or Bishop, as he claimed to be?
The captain of the guard was not ready to believe the story. A "bishop" shall not wear such mundane clothes and shall not come without a noticeable contingent of servants.
It took no less than His Majesty himself to welcome the said humble traveller for everyone to recognize him: Earl d'Armagnac, who had left the city after building the cathedral, closed during 10 years, was finally returned.
The Bishop would not utter a word about the event, not at this moment. Only accompanied by the King (and the usual guards), he went straight to the palace, where he stayed several days. What happened there, no one knows, but on the morning of the seventh day, d'Armagnac was seen exiting the Palace with a cohort of followers dressed in ecclesiastical robes. They headed straight to the Cathedral, inaugurating it thus, without any great fanfare. Bystanders were shocked to see the gigantic building opened for the first time. The gathering crowd started around the now-opened doors were met by the followers of d'Armagnac who prevented any to enter. "Sunday morning" was the only thing they said.
When Sunday morning came, and the bell rung, the citizens, serfs and visitors all gathered around the cathedral.
The Notre-Dame d'Armagnac opened, and it was good.
D'Armagnac was sitting on the cathedra. He waited for the cathedral to fill up with believers. He did not have to wait for long. Soon people had to stay on the nave as benches were all occupied, or even outside the building, between the massive open doors.
And d'Armagnac preached. He preached on judging man on actions, not on appearance. On why he entered the city in humble clothing, on who he met during his travels back to Crypto-Kingdom. On his ordination as a Bishop. On where he was - Rome. On how and why he left a cathedral built and closed, as a test of faith both to him and the believers. On why he started this whole enterprise. On how he had envisioned his role and the one of his counterpart, the now-Marquess of Liberty County.
He spoke about Crypto-Kingdom. His past, present and future.
He spoke and he stayed silent.
Then the choir started to sing, and the crowd sung as well. The air vibrated of radiant fervour as the people behaved as one.
All united for Crypto-Kingdom.
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Last month shows an increase of the inflation of HYP. It only means the staking is getting more and more efficient and produces a stake ever closer to 1000 which is the max stake for this coin. Since the stake percentage isn't decreasing with stake weight, it's fair to assume that inflation will eventually level out and then decrease much like a POW-coin with a 1000 block-reward. The thing that really surprises me though, is the absence of strong price-erosion due to this enormous inflation thus producing an impressive market cap. A most interesting experiment indeed. |
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I've got this error (compiling from source, Ubuntu 14.04)  The wallet otherwise works well. I'll see if it can automatically transfer 25% to Poloniex or if I have these S4C issues again. Also: deleting addresses on the addressbook still doesn't work. I know you are aware of it, so just mentionning. A feature request: render "custom change address" inactive when "return change" is checked. I know that you might want to exceptionally use a custom change address and so it would override the "return change" but this might cause more confusion than the flexibility allows. I think there is a CSS3 :window-inactive, as well :disabled pseudo-class, might help. Also, it seems there is a major bug here http://imgur.com/a/67gK3#0The age issue was fixed with repairing the wallet, but not the rest. I reopened the wallet with 1.0.6 and everything went fine, I could reorder the block as expected. When I reopened the wallet in 1.0.7, the reordered block were still reordered but the warning about the errors in wallet.dat still resurfaced. It seems I will have to use 1.0.6 to use control until this get fixed. My next move will be to test S4C with 1.0.7. If it doesn't work, I will consider opening two sessions of HyperStake (with different ports) and slowly moving my coins to another wallet (it could take two weeks to happen). |
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And Spoetnik is a Russian communist. Look at his nick: it is an unambiguous hommage to the first Russian artificial satellite, Sputnik. The power of presumption of guilt Spoetnik: this is just a joke, nothing implied here. |
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Since the thread is still ongoing and apparently willing to be the Monero free for all thread of HYP (with Hypnotique as BCX) and since, consequently, not feeding the troll seems not to work, I feel compelled to remind honest truth-seekers of these two things: - Presstab version,that I completely approve.
- FUD FAQ, as factual as possible replies to the FUD, with a focus on wasting as few energy as possible on debunking. As the quote says, “The amount of energy necessary to refute bullshit is an order of magnitude bigger than to produce it”
I'm considering frequently reposting this very message. High signal-to-noise and low amount of energy (just reposting). Let's increase the efficiency of FUD-fighting! Confirm the PM's or GTFO The burden of proof is on you, not on us. YOU are the plaintiff, YOU contact the "legal" powers (here, Theymos). "The necessity of proof always lies with the person who lays charges." ( semper necessitas probandi incumbit ei qui agit) He who does not carry the burden of proof carries the benefit of assumption, meaning he needs no evidence to support his claim. Fulfilling the burden of proof effectively captures the benefit of assumption, passing the burden of proof off to another party. Plus, as presstab mentionned, should the PM offer be accepted (and at least on the ground of above-mentionned principles, we will not), a new thread and sock puppet would be created and it would all start over." In the future, presstab, I will also repost your part. When I am not around, you can repost mine too Also, new argument: Hypnotique had 0 posts when he started this thread. ZERO post means zero credibility per se, only his arguments could have some and they all have been debunked. Edit: same for EyesWideOpen - ZERO post before this thread |
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Since the thread is still ongoing and apparently willing to be the Monero free for all thread of HYP (with Hypnotique as BCX) and since, consequently, not feeding the troll seems not to work, I feel compelled to remind honest truth-seekers of these two things: - Presstab version, that I completely approve.
- FUD FAQ, as factual as possible replies to the FUD, with a focus on wasting as few energy as possible on debunking. As the quote says, “The amount of energy necessary to refute bullshit is an order of magnitude bigger than to produce it”
I'm considering frequently reposting this very message. High signal-to-noise and low amount of energy (just reposting). Let's increase the efficiency of FUD-fighting! |
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HYP is getting a lot of attention these days. Considering much of what makes HYP work well is that it is based off so much of Tranz's excellent work with HBN and CAPs. I think it would be great if now we could borrow from HYP and add their THEME/SKIN ability for the wallet to CAPs.
Yes HYP has had a close relationship with Tranz, and his work. The fork from TRK->HYP was inspired by the BottleCaps fork. Also s4c/autosavings has been used from Tranz's code. Most of the rest is unique development that me and a few others have put hard time and work into. And of course you all can borrow the ability to use our theme code. ZeeWolf (who made this code) tried to commit it cleanly so that others could use. And I do think it would be best if you did not use our actual themes though, but design CAP specific ones https://github.com/presstab/HyperStake/commit/ef9684204391ee0aab89e061fa2d7bad3373af8eI second presstab and ENCOURAGE Bottlecaps to borrow. Truth be said, some ideas for HYP comes straight from CAP and I credited CAP and Tranz on the wikia, like for HyperSend ('Although the name itself is particular to HyperStake, the idea originated in Tranz's BottleCaps under the name autosaving"). Some example use cases also come from CAP. |
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Listen up guys! This is the idea that will take HYP to the next level!
Ok, well, I was thinking there are alot of high PoS coins out there we all love. HYP, CAP, HBN, TRK, TEK (you are kinda the red-headed stepchild TEK, but still worth a mention), and CLAM should be thrown into this mix now as well (dirt cheap at polo right now, hint hint).
But man, it sucks all these coins are off on there own blockchains. Little crypto islands unable to communicate or work together. If only there were a way to link all these beloved coins into one network. Like a hyper network of coins, a HYPERnet if you will. I'm not sure of all the logistics or how it would work. It would take a lot of time and work by presstab. But, if we could raise say 2500 BTC or so through a sale of tokens used to link these coins together, that should be enough funding to make this happen.
What would a HyperNet be useful for? Considering the scammy part of SuperNet and BlockNet, a HyperNet (if it has any actual significance) could be useful if and only if there is no IPO. |
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I like HyperShield as well and consider it high priority, much more then Hyperbank or tip bots.
Being able to set up buy or sell walls in order to keep price stable as much as possible and in the process protect your users and hopefully make life harder for pump and dumpers.
But when I had a chat with Press he did not seem to like that idea... The idea of the HyperShield.
It can be combined with the Hyperpool.
With BTC you buy a share in a HyperPool and the HYP is then reserved for you for the actual marked price.
The BTC go to exchange and an order is made but maybe not filled yet.
The BTC share in de HyperPool pays each 9 days the stake share.
When the exchange rate is going down the order can be filled and you get your HYP cheap.
Glad to see more and more people interested in HyperShield. Setting it up will then be my next priority, after the HyperLoan. I am all about synergy, so I will consider a synergy with HyperPool, but I am more reserved about reserving at a given price.
Even if there will exist few whales who dump regularly, when the diff rises, they will stake and dump less and less. Sell 25% of your stacking to BTC ( StakeHunter pledge) or to XMR ( Latapie pledge). In both cases, Hypersend helps a lot. Do it no matter the price, so that you will quit caring about it. Of course you will get less HYP and less BTC/XMR. But you will gain peace of mind. And you will never dump.
As to black PR, we need some retaliatory actions. FUD FAQ. Read, use and extend. |
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