Speaking of the importance of volume


(thank you Myagui for reminding me)

Hyperstake is not on Bittrex; Btc-e; bitc38, cryptsy, Kraken (and was not on Mintpal neither)... So a lot of persons do not know about it. Thus, room to grow.

I agree with waxo. The most important thing that happened today is that we got a sustained high volume on Poloniex. Volume means people can be confident about buying and selling without to high a volatility. With HYP, you don't make money by pumping, you making money by holding and selling (part of) you stake, keeping the principal. Stake and Cash. And if you are not confident in BTC price or just need this money fast, you can sell straight for dollars with XUSD.

http://www.dailydot.com/business/moolah-dogecoin-alex-green/

Larger than 5000 means no one will hit the maximum reward. Now add in the mix the max generation and this becomes very interesting.

Dunno, waxo is pretty good at detecting this (but not necessarily at explaining it - who can, really - maybe the XUSD market announcement of yesterday is the reason; but in the past, price rises were decorrelated from announcements.

Speaking of market cap, I analysed the market cap difference between all coins and it immediately higher one, from 100 to HyperStake. Conclusion: the marketcap difference is never more than a dozen thousand dollars. The first one to have more than a dozen thousands dollars of difference is... HyperStake to Unobtanium!

In other words, meaningful market cap differences only start now.

Join ##hyperstake, lot of people willing to help here.

Could you update the Raspberry tutorial? Thank you.

Welcome to the club of "mistakers" (wordplay inside). I lost 70k that way last week (different reason) and probably 5k earlier (same reason).

We could open a Mistaker Hall of Fame. I know it happened to waxo too (50k, right?)
So, if experienced HYPsters make this mistake, you can be sure a lot of less-experienced users did or will, A warning after 5k attempt of payment to yourself looks good.
"Are you sure you want to pay XXX HYP to yourself? Maximum useful block size is below 5k. All the staking on this HYP will be reset - don't become a mistaker!"

Also, I'd like to remind you of the OTC thread. Right now, Kushed is willing to pay 3750 sat for a large bag of HP.

Please, if Alex Green says he wants some HYP, kindly refuse and report to us, We don't want to become completely the new Doge

Edit: congratulations, Sakura!

1000 HYP per block. If you have several block, more HYP. But it is not a good idea to split a block if you have less than 2000 HYP (two times 1000). On the opposite, always split a block of 8000 (two times 4000).


Assuming 3333 HYP per block.
Assuming such a block stakes at 10 days (optimistic)
You would have 9 rewards (3 block time 3 staking periods) of approximately 600 HYP each (I don't have my formula at hand - by the way, it was presstab's formula, kudos to him)

Update: did read the whole thread, now with presstab's formula
7.5 / 365 * DAYS * BLOCKSIZE
7.5 / 365 * 10 * 3333
~684

Time 3 blocks time 3 staking period = ~6156

Thus, 10k HYP = 6156 HYP in one month.

HYP like a champ. #2 on ALL markets

Presstab, I updated "What is PoS?" with you lottery analogy. Please check I am right: http://hyperstake.wikia.com/index.php?title=What_is_PoS%3F&diff=4353&oldid=4289

Regarding Raspberry, could people knowlegeable about it write a tutorial on the wikia? Same for Raspberry
How to build for Android
How to build for Raspberry

Part of the staking process is intentionally random (nonce). This helps lower blocks to get a chance.

Great cycoinminer. We need some statistics with interpretation. Let's just make our best to avoid confirmation bias (I do not imply you fell for it in your analysis).

And mobydick@poloniex too. He is the one who decide to propose a coin market to busoni. He is the one who was enthousiastic enough about HYP to accept BTC/HYP, then XMR/HYP and finally two days ago XUSD/HYP. He is a great guy and he even refused that I give him some HYP (my proposal came after the inclusion of the XMR/BTC market, not before, so not attempt at bribery here, just to be clear).

This is just one use (they are planning to do it, anyway, for all coins). The other use is to promote the "Stake and Cash" campagin (see my article, below).

Let's organize a HYPcon in SLC when I'll pay you a visit! OK, Las Vegas could be good too, but more expensive, I guess. I like how you people are pushing HYP for Las Vegas (yeah, I know it is a joke, but we have quite a experience about how joke can mature with HYP itself). But instead of a pledge, we would need people to actually donate (with refund possible, which is time-consuming to track). They would not have to keep the HYP, just to have them long enough for shooting a movie about them accepting HYP, then we would use countmycrypto.com to show how much USD they got out of it. Then behind the scene, we would convert in USB for them. Let's get 25% more than asked, for security margin, fees, sleepage... Companies at Las Vegas are probably more willing to do something crazy than in other locations. Of course having some contacts from Vegas beforehand would help.

Finally...
I wrote an new entry on the HDJ now that we are on the XUSD market. We are gaining momentum and trying out (ex-pe-ri-men-ting) new, more ambitious, directions
Hyperstake for everyone - Stake and Cash

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 and our donations to the Keepod campaign with the Mintcoin Fund.
• 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. 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 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!

This, plus it would put an end to the "backup your wallet often because of 500 change addresses" issues.

I don't understand the relevance. Blockchain is transparent anyway. I'm willing to be convinced of the actual usefulness, though.
Useful feature (who at more transparent experience, particularly in the context of the coming Hypiggy): optionally deactivate change address (either deactivate it completely, or transparently use the main address as a custom change address - the latter only works if you have just one address in your wallet, though).

On a related note ("premine scam"), you might be interested in this reading: The virtues of inflation. Here I mention how perpetual inflation stops the accusations of premine that we keep hearing in most high-PoS. Whoisthelorax (devtome) I believe, considering your massive investigation, that you will be interested in reading it too.

I was going to ask you to update the original post, but I saw you already did. Good job!

What! No Rhodium? Idea: mimic the ranking to MEW
Seriously, though, reminding MEW and thus Monero should be considering. Consolidating ideas.

Apart from this, it should be clear to everyone that a large part of the game will be about user-generated content and actions, much like EVE online - a sandbox. This is a great way to empower more and more people and so to spread the love of Monero.

OK, time for a new one

Records
On October 12th, we broke three records:

• 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.
  
• 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", 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 that he will honour his promise to donate 1 BTC to the dev. Well done, sluppy!

The day after, October 13th, we broke two records again:

• 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 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).

I was not comparing to database. I was comparing to fiat (minting, transporting, securing, coins and banknotes; protection of databases via redundancy, physical protection, use of expensive closed-source software and devices...)

200 votes

Vote proposal #2 ver 3

I just looked at the charts and you're right, we tested 4.9k again so that could really be more adoption.

For the record:
Three new records, all today on Poloniex:
- top 3 in volume at Poloniex
- 15.342 BTC at Poloniex
- ATH of 5056 satoshi


New entrants would have it difficult to buy the minimum of 1000 HYP that is considered necessary for staking. Assuming the diff stays the same. If the dificulty increases, the minimum could be more than 1000 and so new entrants would have it even harder.

Thanks Biomech for your reply.

Look at this, from las Thursday: National Bank of Serbia states Bitcoin is not legal tender in country. First forbid, second propose an "authorized version" (cryptofiat - probably by then, Serbia will be in Eurozone - if not, then we'll see cryprodinar).

To be fair, I don't think much politicians are considering cryptofiat - they are just afraid of what they can't control. But surely later on the idea of cryptofiat will be a convincing argument for them.

A long time ago, someone proposed this:
Now, if you can remember it who and where (TRK thread, IRC?) That would be great, since this might happen soon (It happened today, but not for long).

A bit of a pump, but just because Bennyprofane sold 100k, so OK.

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). 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?

"Go outer space, young boy".
The Trinity is Virgin+Bigelow+Planetary (Virgin Galactic for going to space, Bigelow Aerospace for living there, Planetary Ressources to work there)

Our economy is what I called an "empty world economy". Geographers (I hold a bachelors of geography) define our world as a "fully-exploited world" ("monde plein" in French, could not find an accepted translation). We need to go to outer space (or, in the interim, deep sea) to go back to a working economy - or else to change our economy, but inertia has it that the former is much easier than the latter.

Empty-world: when you picked up all the berries, hunted all the boars or drilled all the oil in the area, you just move to the next area.
Fully-exploited world: there is no more such a thing as a "next area". Now what?

Biology at the "rescue": in the food cycle, apex predators are predators with no one hunting them. They are so powerful that they are the king of the castle (hyena, wolves, eagles... humans). Barring natural catastrophes (volcanoes, meteorites...) no one can regulate them except themselves, which happens in two ways: infightings (such as mating season or wars) and... ressources depletion. That it, they grow so large that they shoot themselves in the foot. They starve to death. And in the case of animals smart enough to have a conscience of time and future, just before starving to deaht, they try one last desperate attemps: they kill the golden goose and borrow from the future: for finance, it means accepting loans and for natural resources, slash-and-burn (overfishing, exhausting soil with agressive fertilizer and killing the so-called "parasites" to have a short-term increases in productivity.

Connect the dots: humans are apex predators and, despite being intelligent enough to know it, cannot fight their own nature (environmentalism doesn't work that well, at least not fast enough) and are depleting their own ressources. What happens in a fully-exploited world with unstoppable apex predators? Ask the Pascuans (Eastern Island - yes, I know Jared Diamond's hypothesis is controverted, but that doesn't change the problem of suicidal apex predators and fully-exploited world).

And crypto-currencies have nothing to do with it.

Completely agree. Even so-called "commodity money" is nothing more than just another consensus - commodity money doesn't make more sense than fiat money (fiat: not the bitcointalk definition, but the actual definition, that is a money whose value is enforced by a central body). Dioxygen is one of the most precious ressources and it is extremely cheap.

Time (and its corollary, attention) is one of the few non-disputable currency. As a French TV magnate infamously said "what we actually are doing is selling attention span to Coca-Cola" (a.k.a. ads).