I have bought and mined a lot of Tek Coin and now it generates a great steady income for me every day. Even at the low price it generates good income. I usually by a lot when the price is low like this. People will eventually turn to high POS coins as mining is becoming harder and harder to do. The smart play is too buy low and trickle sell when it is high. With such a low volume, I'm puzzled to see how you could generate a "great steady income". Or maybe you are talking of "potential income". Because as we saw it recently, actually cashing out a lot of TEK ("exiting a large position" as tokyoghetto said) is close to impossible. Good luck with your potential thousands of dollars :/ More than interest, TEK needs volume. I' hate to see people hoping to get some great returns only to see their money cannot be returned because of low volume. I could list more technical reasons why it's superiour in some ways to BTC, but that's really beyond the scope of this discussion. Suffice it to say that, from my arrogant point of view, blockchain based coins will likely be more accepted than anything but precious metals in the event of a monetary collapse. Biomech related to this discussion and also because you are interested in economy: United we stand, divided we fall - the coming rise of cryptofiatBanks had not yet had their final say. Even Risto Pietila agrees. |
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How does the cryptonote (XMR) code stand up to bitcoin as far as transaction volume? How many transactions per second can it handle in comparison to bitcoin? Cryptonote is protocol, The coin using it is Monero. XMR is the ticker of Monero Suppose your mnemonic is "A B C". Try the following: >simplewallet.exe --restore-deterministic-wallet --electrum-seed "A B C" if you want to completely automate the process (useful for batch cold wallet creation). Caution though. Putting secret information on the command line is dangerous. I've proposed an option to read it from a file for safer automation. Yep the command history on Linux will reveal everything. |
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You can use the sendmany rpc command. Or Just click the plus sign(add recipient) on send coins tab. Good catch but it doesn't scale well. Say you bought 100k and you are creating blocks of 1.6k. This is 62 recipients. I think the question is how can we make blocks of the size we want and do it repeatedly to the same address....hopefully with a few clicks instead of many for each block sent to ourselves.
I already have this RPC call that does this but I have it commented out because its not complete. It is a loop that creates several transactions to the same address of a user defined size. Problem is when it loops through I need to program it to discriminate which block it is splitting each time. Once I solve this it will be golden. If you can fix the RPC call and then port it to GUI, that would be really neat for new adopters and for Hypiggy. |
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200 votes. Any chance of migrating this discussion? I prefer it to stay here. Next discussion could be elsewhere (:cough:Monero forum:cough:). |
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Oops, I did it again. This time, it is about the "premine thing" and how HyperStake will never be considered premined, since it is an inflationary coin. It is a controversial topic, so I donned my fire proximity suit. The virtues of inflation. |
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Thanks. Yes, I got my first few thousand yesterday - only 190 hours to stake, he says, looking at his watch.  People get commited with the HYP, this is part of the community involvement. The "Age" column helps tremendously on this. Looking at the wikia now. Everything seems very new, lots of stubs - early days - that's a good thing. Since HYP is an inflationary coin, you are still an early adopter :-) See my previous post. |
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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? People who say you can't slow down emission because it looks like a scam... well in a few years 99% of all the currency will be emitted, how will that look like to newcomers (a scam?)
The instamine period is all relative. Even 4 years will look like an instamine in the context of 50 years. 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. 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: 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). the higher the interest, the less liquid the asset is, resulting in high volatility. 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? |
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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  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)
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One suggestion for the wallet - would it be possible to set it up so when sending blocks to yourself, you don't have to type your passphrase every time? (obviously for only encrypted wallets) Mine's a long one, and it gets tiresome doing it every time Maybe by adding a verification file in the hard drive, but then it would be possible to override this behaviour to actually type the password if desired. Use case: you backed up your wallet and changed the harddrive, but forgot to backup the file. Now you lost all of your money. Another issue with this solution is that by never actually typing your passphrase, you might end up forgetting it - do you know the phone number of your friends or does only your smartphone address book do? Personally, I do not even remember my mother's phone number (granted, she changes it often). So, what looks like a good idea may end up terribly bad. That's the same reason why I don't use a password manager - my brain is my password manager. (and I don't use a single password, but a password scheme). stay tune guys,.i did massive promo in fb
most of my friends is the player online business in internet, I tried to steer to hyp Congratulations, Mig-23. I saw you contacted me today on IRC. |
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Question, I know I can combine coins with coin control, but lets say I bought a 100,000 block and want to quickly break it into 1600 coin blocks with a few clicks or commands, is there any way to do that.. or do I have to sit and "send it to myself"? #Dev if this feature is not present, can it be added with next update? Manual split and send to yourself. Yeah, painful, fortunately you only do it once. Making the whole staking experience easier is in our todolist. |
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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. |
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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. Now imagine them in blue. |
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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 harmfullocohammerhead raised the first issue: barrier to entry <locohammerhead> question and this is just speculation. IF we hit 1 USD/HYP and it takes 1,500 HYP at least to stake how are we going to get new people into the coin?
<locohammerhead> I'm thinking if thats the case we will be in the same situation where NXT is 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 responsabilitiesLook at the richlist. 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. PoS coins [...], always end with centralization because, as I have said, once someone [...] gains majority possession of the units of money, they control the currency forever. 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 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. HyperBankMillionnaires (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). 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), 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) of fighting financial illiteracy among the youth — at a time when everything is decided. In turn, having a themable wallet make it easier to have a theme for children - remember what I said about learning? financial illiteracy 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. 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)
HyperBankHyperBank 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: So, whilst I’ve been away on holiday for a few days, I’ve been thinking about HyperStake, and how we could build some more services around it.
One which came to mind would be HyperBank.
We all know that HyperStake offers us around 18% interest every 9 days, and looking over the statistics of late, HYP is keeping a pretty reasonably steady price.
What I’m proposing is to open HyperBank, offering owners of BTC the chance to share some of the high interest gains, without any of the risk.
HyperBank would operate a guaranteed return on investment of 2% every 10 days, for BTC deposited in the “bank”. With their investment, the Bank can invest this in HYP, and make a tidy profit from staking.
So, if you were to invest 1BTC in HyperBank today, then in 10 days time, you’d be paid back 1.02 BTC.
It could also open up the “Richlist” hoarders an opportunity to sell to the market, without flooding the market and causing a price crash. iantunc: Let's model the idea of HyperBank. It surely will increase visibility, at least at Poloniex. Every time an investor will try to allocate, for example, 5 BTC, a correlated buy order will drive the price and volume up. But after 10 days this investor will wait for his interest given back, e.g. 2%, or 5.1 BTC. At this moment the price will fall back to the mean, and an attempt to sell 5.1 BTC worth of HYP can fill all orders down the floor and even more. It will show up like pump & dump. It's very attractive for traders, but not so appreciated by investors. We need to find an equilibrium to satisfy both.
Cor2: What I see at this moment is that even an order of 0.5 BTC causes a major price move (on Allcoin) although Polo has a bit more traffic but won't be able to sustain multiple-BTC orders without large price swings either.
What I feel is that such a bank should be similar to a savings account - you can deposit and start earning but not pull out unlimited at any time, so the bank has time to prepare for your withdrawal and does not need to emergency-sell positions.
Alternative would be that the bank is not transferring every incoming BTC to HYP and back, but there is a buffer, an investor group if you will
that has holds the HYP and gets funded from the BTC in the bank but they buffer the BTC, so the amount of HYP stays the same even though the amount of BTC fluctuates.
It would even be viable to keep half the BTC untouched as buffer while the other half gets converted to HYP as the market can absorb the changes, so that immediately withdrawal of BTC is possible up to half the total balance at any point, any more and the HYP first needs to get whittled down without crashing the market. Likewise with investment in BTC: the amount of HYP can slowly grow to half the amount of the extra BTC deposited. That means of the 18% staking rewards, virtually half is used, the other half is sitting unused in BTC buffer. But it could be an attractive bank anyway.
I am occasionally borrowing some BTC to an investor that makes 10% but can't buy BTC fast enough, so he gives me 5% to borrow my BTC for up to a week. That is a very attractive deal and very similar to this banking idea.
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). HyperLoanThis is cycoinminer’s idea, before HyperBank was even considered and I felt it would fit nicely in HyperBank. The HyperLoan Experiment Here a HyperStake, we’re looking to build community participation amongst our followers, so we’ve put together an opportunity for people to take part in what we’re calling the HyperLoan Experiment. We’re offering to Loan one member of the community, 10,000 HYP, for the duration of 1 staking period (approximately 10-14 days) Once the HYP has staked, we ask that you return the initial 10,000 HYP to us – YOU keep the interest! What’s the catch? Well, to be eligible, there are a few things you’ll need to do for us. We’d like you to at least do 2 or more of the following: 1. Like the HyperStake Facebook page, and share it with your friends https://www.facebook.com/hyperstake2. Come up with 5 HYP slogans, and periodically write them on Poloniex TrollBox for example: “HYP – it’s hotter than my girlfriend”..... 3. Help re-tweet the Twitter page https://twitter.com/HyperStake4. Actively visit and contribute to the IRC page - http://webchat.freenode.net/?channels=##hyperstakeWe’ll also have specific promotions we’d like you, the community, to help us with over the coming weeks. The HyperLoan Experiment is based totally on TRUST between followers. We’re well aware that one rogue member could walk away with the 10k HYP and never be seen again, but we’re hoping that won’t happen. To that extent, we’ll also have a “Wall of Fame” on the ANN showing which members have successfully taken part in the HyperLoan Experiment! We have a couple of criteria that you MUST have met in order to be eligible: 1. Your Bitcointalk activity must be 50 or higher 2. You must have positively posted on the HyperStake ANN on, or before 15th September. Each time we have the 10,000 HYP available for loaning, we will take the top 5 followers who we believe, in our opinion have been actively promoting Hyperstake the most, and from these 5, we will randomly pick someone to loan the HYP to. In order to comply with Bitcointalk rules, anyone who posts their HYP address on the thread will automatically be excluded for consideration for the HyperLoan. In fact, we don’t need anyone’s address until we’ve chosen the initial receiver of the loan – so if you’re chosen, we’ll ask you for your HYP address. To have yourself considered for the HyperLoan, send a private message to my username, Cycoinminer, along with examples of your promotions, and between myself and Presstab / David Latapie, we’ll judge who’s helped promote Hyperstake the most during the time period. We will give out our first HyperLoan on Wednesday 1st October. Be our first participant – get promoting HyperStake NOW! With an additional Wall of Shame for rogue members. HypiggyHypiggy, 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 tardiThe 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).     
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! |
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I am very interested in hearing how cheap David is ready to sell his time. Even my Estonian car mechanic charged 39€/hour (46 XMR). Hopefully David's time is more valuable - but even if not, please no not bother him with the official matters too much, he is important for the project, for the core team, for the MEW, for Malla and for what not I'm selling my time way too cheap, but I do it because I want Monero to succeed - and at my current price it is mostly symbolic - I only spend 10 minutes per account under the very best circumstances and this is not even considering the future handlings that I will have to take care of for probably months on. I plan to only lower the handling when XMR will go way up compared to fiat. I might also consider charging a percentage - this is completely unrelated to the amount of work (handling a 50 XMR account is usually not different from handling a 1000 XMR account) but this would be a way for the (probably) wealthier person to "help" the less fortunate ones to still be able to join (yes, this is the abominable "redistribution" - richs paying for the poors - scheme that people hate, so remember, I'm just considering it). If something was to be changed, there would be a grace period anyway. The "early access soon over" post has been updated with some examples. |
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Why would governments use a blockchain to enact fiat? Why would they just not print it at random as they have always done? It is easier, they know how that system works, and there is no advantage to them to put it on a blockchain.
I guess they can watch all the transactions, but they can already watch the vast majority with our current system. I don't think they'd constrian their abilities for this incremental (tyrannical) benefit. Blockchain advantages in cost reduction Transparent blockchain advantages in surveillance "To kill your enemy, become your enemy" These are just the off the top of my head. Longer consideration would lead to even more usecases. Isn't "cryptofiat" by definition the same thing we call "fiat" nowadays? Yes and no. No because it is blockchain-based Yes because it government-issued and enforced Another reason why the government would not want this is because with a publicly viewable blockchain everyone would know exactly what information is available and against them. With the current fiat system the government can not only monitor the flow of money but they do not necessarily need to tell a suspect of a crime the extent of the evidence against him (or what the government may be able to uncover in the future) which would give a suspect an incentive to confess if they have committed a financial crime. How would it be any different than now? Folks would trade bitcoins with other cryptofiat coin's. Governments would have the best of both worlds and bitcoin becomes the defacto reserve currency. Or the de facto killed currency. "Fast transaction? We have it, even faster than bitcoin, because we are PoS" "Security? Our central bank and government hold most of the coin at any given moment, so 51% is not possible. Not only this, but it will never be possible - with Bitcoin, you are at the mercy of some terrorist groups having more miners than the honest taxpayers." "Adoption? Nothing can beat a governement-issue money, the same as your grandparents used to use. Fully credit-card compatible - try to use your VISA with Bitcoin." "You are in the Eurozone and you insist on being paid with something else than Euro? What is wrong with you? Maybe I should call the police." Did you mean prostitution or should that have been Prohibition? Both . The non-prohibition of prostitution doesnt' cost (enough) money. The non-prohibition of Bitcoin could cost a lot of money to some persons 1. I don't like the word "enemy", it brings hate and I am like Churchill, I don't hate people, I just compete with them.
[...]
This is a war and we are soldiers A war in which soldiers compete is not a war, so why use pathological terminology? Thinking of the crypto revolution as a "war" plays into the hands of the warmongers whom the crypto revolution is putting out of business. You got me on this one The title is a reference to Matrix Reloaded and is intended to prove a point, whilst the footnote is more about the actual psychology to have. Meanwhile, what we, Cryptolanders, doing? Self-congratulation ("we're gonna kill banksters") and infightings ("my coin is better than thyne"). These are signs of decadence. Seems like an absurd generalization that leaves out of the picture the coders/thinkers who are working on novel crypto projects... such as yourself, no? One cannot deny that most activity in altcoin is about infightings. Not all of course, but most. I think resistance to change is overwhelmingly dominant in authoritarian control structures, in government and also in the dinosaur banking system. Even if not, the innovation brought about by the decentralized ledger means we are at a huge advantage. Have you seen this idea for "crypto-everything"? The Cryptoglobalist CoalitionUntil the matter of money (or reelection) comes to dinner. All of a sudden, they are surprisingly reactive. The decentralized ledger is not an advantage for us. It as an advantage for all. Hence cryptofiat. Hey, I'm French, I know what I am talking about, we have an A-grade in Stubborness and Stupidity (Africa, Indochina...) whereas the British were much smarter. Is that a justification of colonialism (i.e. violent subjugation and mass murder) as "Stubborness and Stupidity", or do I read you wrong? You read me wrong. I meant that France did not accept its colonies' request for independance and it ended up in bloodbath. Constrast UK, which negociated peaceful separation. Today, the Queen of UK still rules Australia and Canada (even if it is purely symbolical) and, more importantly, not much blood was spilt. So, this is neither a justification nor a denonciation of colonialism, just a reminder of two different ways to deal with a crisis: being inflexible and make it end badly for all (France), or be flexible and make it a win-win situation (UK). |
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[...] the GUI is coming hopefully by Christmas. [...]
Can a core dev confirm this is indeed the time frame we're looking at? This is our guesstimation. You should better interpret it as "not before Christmas" than "at Christmas". And of course, it could happen that a time warp (pun intented) makes it available earlier. |
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Very true - old russian saying - Терпение и труд всe перетрут -- means patience and work will reward (loosely translated, sounds better in russian) Russians interested is good. I heard that Novacoin is popular in Russia, so Russia likes high-PoS, I guess? Spread the word, akula999! |
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The official monero forum has a category devoted to economy and trading: https://forum.monero.cc/2/economics-and-tradingPersonally, I won't visit this thread anymore, I will follow the monero.cc one. I encourage you to do the same. For more on what the new forum promises, read MMM13. |
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Mr. Latapie already gave us some good "tipping" alternatives, like "Get tHYPsy." We could also do things like "HYP It." " Feeling tHYPsy?" I like "HYP it" too (different contexts, so, complementary). A certain amount of the DOGE community wanted it to move to PoS before anyway. Additionally, in the same way that DOGE was the first crypto to a lot of people, I think HYP can be the first crypto AND PoS coin to a lot of people. MINT did really well getting Reddit types to invest in it for the PoS angle. HYP is more "fun" to hold, can operate in large numbers, and better models the value of good content and ideas continually paying dividends. Would work even better with a stacking bot (well, not sure actually, since you need thousands of HYP to have a decent chance of staking in less than a month - here MINT is actually better than low quantities of HYP, since staking is unconditionnal). HYPER is a high-ish PoS coin (60% I think per year) trying to be a gaming currency. The main problem with their model imo is that they are doing things like trying to *make* MMORPGs, when in reality, the better thing would be to try to be the gaming and microtransaction currency for *current* web based games. Early on in HYPER, people were talking about it being the Runescape and Japanese web RPG microtransaction crypto of choice. Now, THAT is interesting. I don't think anyone is really trying to attack this angle, and I think HYP could make good inroads into this niche. High potential, but still too early, I'd say. But definitively worth considering it. People like to gamble and play games, but it's a shame that when they end up losing, the fun is over. If you play on SealsWithClubs with BTC and lose, that's it. However, a high PoS coin lends itself to creating specific principal "foundations" or "endowments" to fund particular things. Say someone wants to spend $100 a week gaming. Well, they can setup an address in their wallet specifically for this purpose and use "HyperSend" to automatically send a portion of their stake to their gaming site of choice to play with. Completely agree. For the curious minds: http://hyperstake.wikia.com/wiki/EndowmentDoge started with a meme. Maybe we need to find memes and attach ourselves, and our coins, to them Hyppy the tardi, a blue cartoon-like tardigrade? Tardi are cute, alienish and incredibly resistant in cryptobiosis mode - tardigradePreviously, I had thought of another blue alien: the 5th Element's divaHyppi the tardi would be cuter. That gave me the idea of possible having hippos as a mascot  We get fat off our PoS  Anything to make HYP fun and viral is the way to go. The fact that the coin can have a serious and fun side lends itself to fulfilling a lot of investment niches while pure meme coins, like DOGE, can only fulfill one. Mehh. There is such a logo for a famous French restaurant franchise and, well... I'm not convinced for HYP. Plus, Hippos is for HiPoS, not for HYP specifically. I don’t know if any other coins operate anything else like this, or any specific services are out there, so this may be blatantly ripping off other ideas without realising it. Mintcoin had the same idea one or two months before, but it was not put into practice. An interesting spinn-off would be the piggybank idea In turn, having a themable wallet make it easier to have a theme for children - remember what I said about learning? financial illiteracy 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." <davidlatapie> Hypiggy? Short, fun, child-friendly When putting all of this together, this means: HyperBank, helps to widen adoption and to increase the bounty wallet ("all benefits go to the community wallet", a not-for-profit bank, ^^). Hypiggy, the child/educational version of HyperStake Hypi the tardi, the blue cartonnish mascotte |
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