I updated the HDJ (HyperStake Development Journal): David #3 - Stone=1; Birds=many

Ethereum is cashing out. They announce it in advance and the last round of cashing out is now.

Party rock is in the house tonight
"Every payday I'm monering"

I like to kill several birds with one stone. So my first idea (I'll let presstab write about his first idea) was that what we'll learn with HYP would be used for NOBL. At a time, I even considered fork launching NOBL for a new crypto called NOBLE (like TRK => HYP), but it seems the technology couldn't fly (or at least, presstab could not make it fly).

It is not only HYP to NOBL. It is also XMR to HYP. What I learnt with Monero, I try to use if for HyperStake. Some examples:

HyperStake account. Get generic accounts for ease of updating OP (like HyperStake for use by the core team and HyperStake-extended for use by the community management team, modeled after Monero and Monero-extended, respectively).

IRC matters. IRC is all too often downplayed. I was in Monero from day one, I saw how the activity rose on IRC. IRC is like meeting some buddies IRL and only after posting on forum - like after-party mentions on social networks. I wanted to emulate the same activity for HyperStake. I have to admit at the beginning I felt I was presomptuous to compare Monero and HyperStake. Fortunately, I was wrong .

Emulation works. Give some exclusives on IRC, so that people have an incentive for coming there. Have a tipbot, too. Promote new usages and creativeness. Be there and be kind, people want human contacts, we are not machine ("why I moved from Forex to crypto? Community" source). Dedramatise involvement; "fun" means "don't be afraid of trying". Finally and most importantly, be lazy: just bring the fun in and let the community do the work for you. The community has ideas of its own. That's how the lottery tipbot came to fruition - pure community.

By the way, you'll get a nice bonus by doing this.

At the time of writing, some other such inspirations are on the way. No, I won't tell you

There is no "lead developer" in Monero. There are developers and some also happen to be core members.
We are trying hard to avoid hierarchy, please respect that.

Stricto censu, a foundation is a legally-registered body, sometimes with tax-deduction (when it is a charitable foundation, unlike the Gates Foundation). So MEW is not a foundation per se. Also, foundation usually govern the orientation of a project (this is not mandatory, though, just very common). Again, this is not what MEW will do. Under the French law, it would be called a "non-registered association" and there is probably something similar in any democracy (de facto association).
MEW is a collective. Period.

It is my belief that the question of funding will get solved not by a single solution but by a combination of several ones. This in turns means that 1) no option need to be very ambitious and 2) we can afford for some options to be discarded later on as they are deemed inappropriate.
To reiterate what smooth just wrote, the fact that it is happening while the coin is already known and people had time to judge the coin, the project and the team, should definitely help in making it more acceptable. Also, I'm not a big fan of "set in stone" here. My experience proves that, as long as people know that the rules can change later on, there are OK with it. When (possible) changes is part of the contract, this is fine - only unexpected changes should be avoided, changes announced well in advance are OK.

That being said, donations should be handled as they are now: dev decide what to do with the money. Not the competitors, not the donators, not the big investors. This is what we did until now, it allowed us to diligently make the most out of it and, if this doesn't suffice, MEW will act the exact same way.
If this is not enough, consider that governance would become much harder: all of a sudden, someone else than the devs could consider what is a priority without necessarily having all the information to make an informed decision. We would spend more time discussing than acting. Shills and trolls would invite themselves in the discussion to try to sabotage it all. We would have to keep two different accounts: one for money we can use as we see fit and one for money we must ask for usage.
Much ado bloat for nothing, in my opinion. Especially considering we already proved who we are and what we can do, contrary to a pre-launch IPO.

If someone is not comfortable with giving us a blank cheque, then one could use this money on one of the many crowdfunded projects that will pop up later on. Keeping in mind that some crowdfunded projets might never happen if the fundations are not paid...

Still, this is good to have some constructive proposals for ensuring Monero will thrive. Keep it on!

We decided to create HyperStake for at least two reasons:

• We wanted to experiment in cryptoeconomics. Only by doing our own coin we could place an emphasis on experimentation ("something crazy like 750%" dixit presstab), without the burden of existing holders feeling betrayed. So the creation of the coin itself was an experiment, since it became the very first fork launch (that we know of).
• We wanted to do something good for TRK holders who got burnt by what was by then (that is, before noise23's take over) just a fast-POW-dump-on-POS coin like many others. As the ANN says: "After buying into TruckCoin and seeing the diminishing exchange rate because of lack of dev support, we decided to take things into our own hands. We are giving the TRK community a chance to make their coins worth something again.  We get to take the coin into our own hands through a voluntary hard fork and we plan on adding many features through time. Join the experiment with us.". Caritas at work.

Then came the time to choose the name. We did not want the name to end with -coin but that was our only requirement. Then lighting stroke:


Tadam!

(to be continued)

P.-S.: Three anecdotes.

• 750% was first considered for NOBL, but technical difficulties prevented (and still prevent) a pure PoW like NOBL to become PoS. So we recycled the idea for TRK.
• TRK was supposed to have a min age of 8 hours, like Blackcoin - and that's why I was interested in it first : 200% like BottleCaps and min age 8 hours like Blackcoin. Unfortunately, the so-called "dev" of TRK messed something up and the min age became 8.8 days. I wanted this fixed for HYP but ultimately it was not (presstab could not wait to launch HYP , so we have 8.8 days. I still miss the 8 hours, but well, c'est la vie.
• I planned the original ticker to be HYPE, but several people (including me at a time), were concerned with this ticker giving HyperStake a bad reputation. So we sticked with HYP.

http://cryptonotepool.org.uk. Sure, it is a little acorn, but great oaks from little acorns grow.

Update:
yesterday; diff 1.2
today: marketcap 84

Beware everyone! A large HYP and TEK holder, Dexpla, had his coin stolen. Which means there are scripts for robbing HYP and TEK around.
Dexpla was on Windows 7. I don't know if it could have been avoided with Linux or Mac (since it was a link in a mail) but remember this: encrypt your wallet. Having multiple addresses won't change a thing, Dexpla had multiples addresses too.

Beware everyone! A large HYP and TEK holder, Dexpla, had his coin stolen. Which means there are scripts for robbing HYP and TEK around.
Dexpla was on Windows 7. I don't know if it could have been avoided with Linux or Mac (since it was a link in a mail) but remember this: encrypt your wallet. Having multiple addresses won't change a thing, Dexpla had multiples addresses too.

If you have other tips for protecting yourself from stealing, please add them, either here or on the wikia: Protecting your wallet.

Updated, thanks.

Updated the wiki, now with a nice slogan:
"HyperStake: there is such a thing as a free lunch."




Follow up (a PM)

> I wait 8 - 10 days for it to mature, then I can start staking right?

You do not wait 8-10 days. You wait 8.8 days before entering the "reward competition".
See it that way :
1. There is a 8.8 days "cool-off" period.
2. Then your block start accumulating weight and once it gets more weight than any other in the world (this is examined once every 90 seconds), you'll get a reward
3. Then the block will be divided in two blocks of (original amount+reward)/2, which be stripped of their accumulated weight and coin age
Back to 1 and start again (coo-of, staking, reward, split-and-reset, cool-off)

Update: added to What is PoS?

I see it as an example use for HyperSend.

Today we broke some records on Poloniex

• Price went up twice, up to almost 2900 satoshi
• 24 hours volume is 9.746 BTC, soon entering the famous "square zone" (at 10 BTC+, coin has a green frame around its ticker)
• I noticed up to 88 accounts on the IRC (##hyperstake)
• We have 201 Twitter followers
• Update: diff 1.2 - the higher the difficulty, the more secure the network
• Update2: marketcap 84 (september 18)

Now, of course, we should not focus on price, but I have to say this is pretty nice for a fun experiment

Someone asked me how to split block. Here's the tuto I wrote. What do you think of it (I wanted it without any pictures)

1. Decide for a target block size. 2000 is a safe bet.
2. Click on the "receive" icon and copy your own address.
3. Click the "send" icon.
4. Then "Coin control".
5. You'll see one or several lines, each line is a block. Sort by increasing age to be sure to waste a few coinage as possible.
6. Check enough blocks to have 2000. Click OK.
7. You're back on the "Send coin" window. Paste your address (step 2), then move to "Amount" and enter the value you decided at step 1.
8. Click Send and confirm any window.
9. Start again at step 3.

Update: as a reminder, we have an OTC thread, an order just arrived.

First ever XMR/EUR OTC I am aware of

Parabéns tradução. Muito bem feito.

Thank you everyone, I'll try to post at least once a week, but I can't promise. Presstab, mafort1469, zeewolf, feel free to post to about coding practices, management practices, background... this is HYP dev journal, not only David's. But you can also just read, no problem either