HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive

[ph4nt0m]

Look, in the next few month the HBN project will face a new situation because all 120M coins will be issued with PoS.
At the time writing, the HBN network has 108M coins supply.
Well, what do you think which of the following two scenarios will foremost arrive after 120M coin supply has reached?

WTF are you talking about? HBN has no coin supply limit

Who says that?
In the readme at official Github is it still 120 000 000 max supply
https://github.com/Tranz5/HoboNickels

Can you prove otherwise?

Haha, you made my day. Look at the source code. There is no max supply limit. 20% min yearly interest rate, 250 coins per stake max.

[1714896182]

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[lightspeedy]

Look, in the next few month the HBN project will face a new situation because all 120M coins will be issued with PoS.
At the time writing, the HBN network has 108M coins supply.
Well, what do you think which of the following two scenarios will foremost arrive after 120M coin supply has reached?

WTF are you talking about? HBN has no coin supply limit

Who says that?
In the readme at official Github is it still 120 000 000 max supply
https://github.com/Tranz5/HoboNickels

Can you prove otherwise?

Haha, you made my day. Look at the source code. There is no max supply limit. 20% min yearly interest rate, 250 coins per stake max.

Downloaded from Github and checked the code in the file main.h




Are we talking about the same?   
Can you please prove otherwise?

[ph4nt0m]

This MAX_MONEY thing doesn't mean a real shit. It's just how many coins may be sent in a single tx. Can put a gazillion there and the wallet will work just fine.

[FlungSpun]

Spot the folks around pre 2013-14

Classic.... That's not what MAX_MONEY does

Hugely rusty but .....
I think it's only used as a sanity check while building transactions (you can't send more coins than there will ever be)

The reward is way more complex (at least in BTC) where the calculation is done from multiple halvings of the orignial 50 BTC per block.
In a file that does not exist in HBN .. Validation.cpp ---------- getsubsidy or some such function

You'd have to do some digging around in the code for HBN

I'm pretty sure HBN will just stake straight off the end of 120mm and keep going.

DYOR

[FlungSpun]

This MAX_MONEY thing doesn't mean a real shit. It's just how many coins may be sent in a single tx. Can put a gazillion there and the wallet will work just fine.

HAHA  .. A man can't even make a cuppa mid rant before someone gets a post in in front of him ......

[lightspeedy]

Spot the folks around pre 2013-14

Classic.... That's not what MAX_MONEY does

Hugely rusty but .....
I think it's only used as a sanity check while building transactions (you can't send more coins than there will ever be)

The reward is way more complex (at least in BTC) where the calculation is done from multiple halvings of the orignial 50 BTC per block.
In a file that does not exist in HBN .. Validation.cpp ---------- getsubsidy or some such function

You'd have to do some digging around in the code for HBN

I'm pretty sure HBN will just stake straight off the end of 120mm and keep going.

DYOR

Thank you for your reference and explanations.
Since HBN apparently has an infinite max supply, sooner or later that will also affect the price.

At this point we will adjust the max supply on the social media profiles,
because we don't want to fool the users who don't read any code.

We will keep the limit of 120 million tokens in the HOBO project.
Soon we will also start our own thread.
Stay tuned.

[FlungSpun]

Spot the folks around pre 2013-14

Classic.... That's not what MAX_MONEY does

Hugely rusty but .....
I think it's only used as a sanity check while building transactions (you can't send more coins than there will ever be)

The reward is way more complex (at least in BTC) where the calculation is done from multiple halvings of the orignial 50 BTC per block.
In a file that does not exist in HBN .. Validation.cpp ---------- getsubsidy or some such function

You'd have to do some digging around in the code for HBN

I'm pretty sure HBN will just stake straight off the end of 120mm and keep going.

DYOR

Thank you for your reference and explanations.
Since HBN apparently has an infinite max supply, sooner or later that will also affect the price.

At this point we will adjust the max supply on the social media profiles,
because we don't want to fool the users who don't read any code.

We will keep the limit of 120 million tokens in the HOBO project.
Soon we will also start our own thread.
Stay tuned.

Don't take my word for it, I'm not the dev, read the code yourself. It's going to require some thinking and a little bit of math.
You are the ones wanting to "further HBN" by instamining a new unrelated token and trying to get people send coins to an (unproven) burn address.

Here's my next question ... please prove to me that the burn address is just that and not just some random address you hold the keys for .....

Stop posting about things you don't understand until you understand it.
Or just leave stuff alone.

[lightspeedy]

Spot the folks around pre 2013-14

Classic.... That's not what MAX_MONEY does

Hugely rusty but .....
I think it's only used as a sanity check while building transactions (you can't send more coins than there will ever be)

The reward is way more complex (at least in BTC) where the calculation is done from multiple halvings of the orignial 50 BTC per block.
In a file that does not exist in HBN .. Validation.cpp ---------- getsubsidy or some such function

You'd have to do some digging around in the code for HBN

I'm pretty sure HBN will just stake straight off the end of 120mm and keep going.

DYOR

Thank you for your reference and explanations.
Since HBN apparently has an infinite max supply, sooner or later that will also affect the price.

At this point we will adjust the max supply on the social media profiles,
because we don't want to fool the users who don't read any code.

We will keep the limit of 120 million tokens in the HOBO project.
Soon we will also start our own thread.
Stay tuned.

Don't take my word for it, I'm not the dev, read the code yourself. It's going to require some thinking and a little bit of math.
You are the ones wanting to "further HBN" by instamining a new unrelated token and trying to get people send coins to an (unproven) burn address.

Here's my next question ... please prove to me that the burn address is just that and not just some random address you hold the keys for .....

Stop posting about things you don't understand until you understand it.
Or just leave stuff alone.

Well, all the coins getting burned to the following Address:
EgVWUh8o98knojjwqGKqVGFkQ9m5BDNc9G

If you send any amount to this address you see the output to something like
https://chainz.cryptoid.info/hbn/tx.dws?12139158.htm

"vout": [
      {
         "value": 31.999,
         "n": 0,
         "scriptPubKey": {
            "asm": "OP_DUP OP_HASH160 0000000000000000000000000000000000000000 OP_EQUALVERIFY OP_CHECKSIG",
            "hex": "76a914000000000000000000000000000000000000000088ac",
            "reqSigs": 1,
            "type": "pubkeyhash",
            "addresses": [
               "EgVWUh8o98knojjwqGKqVGFkQ9m5BDNc9G"
            ]
         }
      }


As you see this values are invalid as the private key can't be calculated from it.
It's simply not possible to calculate something of zero.

Now tell me why this address is a (unproven) burning address?

[FlungSpun]

Spot the folks around pre 2013-14

Classic.... That's not what MAX_MONEY does

Hugely rusty but .....
I think it's only used as a sanity check while building transactions (you can't send more coins than there will ever be)

The reward is way more complex (at least in BTC) where the calculation is done from multiple halvings of the orignial 50 BTC per block.
In a file that does not exist in HBN .. Validation.cpp ---------- getsubsidy or some such function

You'd have to do some digging around in the code for HBN

I'm pretty sure HBN will just stake straight off the end of 120mm and keep going.

DYOR

Thank you for your reference and explanations.
Since HBN apparently has an infinite max supply, sooner or later that will also affect the price.

At this point we will adjust the max supply on the social media profiles,
because we don't want to fool the users who don't read any code.

We will keep the limit of 120 million tokens in the HOBO project.
Soon we will also start our own thread.
Stay tuned.

Don't take my word for it, I'm not the dev, read the code yourself. It's going to require some thinking and a little bit of math.
You are the ones wanting to "further HBN" by instamining a new unrelated token and trying to get people send coins to an (unproven) burn address.

Here's my next question ... please prove to me that the burn address is just that and not just some random address you hold the keys for .....

Stop posting about things you don't understand until you understand it.
Or just leave stuff alone.

Well, all the coins getting burned to the following Address:
EgVWUh8o98knojjwqGKqVGFkQ9m5BDNc9G

If you send any amount to this address you see the output to something like
https://chainz.cryptoid.info/hbn/tx.dws?12139158.htm

"vout": [
      {
         "value": 31.999,
         "n": 0,
         "scriptPubKey": {
            "asm": "OP_DUP OP_HASH160 0000000000000000000000000000000000000000 OP_EQUALVERIFY OP_CHECKSIG",
            "hex": "76a914000000000000000000000000000000000000000088ac",
            "reqSigs": 1,
            "type": "pubkeyhash",
            "addresses": [
               "EgVWUh8o98knojjwqGKqVGFkQ9m5BDNc9G"
            ]
         }
      }


As you see this values are invalid as the private key can't be calculated from it.
It's simply not possible to calculate something of zero.

Now tell me why this address is a (unproven) burning address?

Great, just want your explanation out in public. People can research for themselves.

I'm more than happy for HBN to actually get burned.

I'd debate the value of proposition for HOBO and whether burning HBN creates value for HOBO or benefits the native chain more. The market can decide that.


IF HBN is infinite, no one has bothered to work it out publicly, You are now in a position where more HBN can be burned than can be redeemed on the HOBO token.


Anyways I guess no one is off to Freiexchange and buying up all the HBN to lever this moon opportunity just yet.

[B3dr0ck]

help me out here

Why would you want to migrate to the ETH network?  The HBN network is solid, fast, and has low tx fees.  The point of HBN was to create a coin that could stake for charity, which still appears novel after 7 years.

If I was going to migrate to a SmartContract type network, which I don't see a reason to do, I wouldn't pick ETH at this moment, unless I was gonna make a ponzi defi coin.  There a plenty of scalable other platforms ATM.

Who is leading this project?

[B3dr0ck]

someone seem to buy HBN to 33 Sat on Frei a few times a week, gee I wonder who that could be

It is hard to get funds on Unamed Exchange - their LTC and BTC are segwit only (I mean that good an all, but does hind deposits)

[ph4nt0m]

help me out here

Why would you want to migrate to the ETH network?  The HBN network is solid, fast, and has low tx fees.  The point of HBN was to create a coin that could stake for charity, which still appears novel after 7 years.

If I was going to migrate to a SmartContract type network, which I don't see a reason to do, I wouldn't pick ETH at this moment, unless I was gonna make a ponzi defi coin.  There a plenty of scalable other platforms ATM.

Who is leading this project?

It makes no sense to move from a low fee PoS network that HBN has now to a very high fee PoW network of ETH just to become one of those countless tokens. I can make a smart contract in less than 10 mins and push it into ETH. In fact, anyone with basic copy-paste skills can do the same. So why bother?

Whoever got pussy scared of unlimited HBN supply and dumped his stash on Freiexchange under 30 sats, it's his problem.

[paramind22]

someone seem to buy HBN to 33 Sat on Frei a few times a week, gee I wonder who that could be

It is hard to get funds on Unamed Exchange - their LTC and BTC are segwit only (I mean that good an all, but does hind deposits)

Just send doge.  Doge and DGB are the best ways usually to send funds to exchanges.  EOS has no withdraw fees on Coinbase.

[TillKoeln]

segwit is now ++2 years old :-) any bitcoin client which is younger then 2 Years, 
or was updated in past 2 years is able to work with the segwit address layout :-)

if its your own bitcoin client , then hurry up and update your wallet,
if its an external service provider he should hurry up and update his client

[B3dr0ck]

segwit is now ++2 years old :-) any bitcoin client which is younger then 2 Years, 
or was updated in past 2 years is able to work with the segwit address layout :-)

if its your own bitcoin client , then hurry up and update your wallet,
if its an external service provider he should hurry up and update his client

Your right.  I used Doge to make the deposit.  I thought the Jaxx Wallet was Segwit enabled, it's not, that was news to me.  I like the Unamed Exchange.  There were a couple of OGs in the Trollbox, had a good chat.

[TillKoeln]

I like the Unamed Exchange.  There were a couple of OGs in the Trollbox, had a good chat.

ty for the compliment ;-)
tell your friends about some tiny unnamed exchange   

[jeffb0sa]

I like the Unamed Exchange.  There were a couple of OGs in the Trollbox, had a good chat.
I love Hobonickels...ass: Nome_Proibido or Lord_Josmaico

ty for the compliment ;-)
tell your friends about some tiny unnamed exchange   

[lightspeedy]

IF HBN is infinite, no one has bothered to work it out publicly, You are now in a position where more HBN can be burned than can be redeemed on the HOBO token.

I want to apologize for the poorly researched background. I was just confused why an essential issue like coin supply wasn't clearly elaborated and published.
Since this value is also used as the market value. Everyone has spoken of 120 million since 2013 ... 

In all honesty, we can't interpret the code. We are skilled on Web Development only.
For this reason we depend on the good developers to answer this question.
I am in favor of issuing a bounty and paying someone who gives the correct answer.
I would participate with 20K HBN. Is someone else in?

..
Well, in any case we will limit the HOBO burn ability to 120 million.
No more than 120 million HBN can be redeemed to Hobo.
As soon as the project takes its course, we will even start the Burn events to reduce the HOBO's.
Thanks.

[Digi7ech]

Wow, Freiexchange is killed for buyers depth. Is there some other market we're using?

Looking to sell some of my coins to help fund some car parts for my racecar.
Got something like 350k coins.

[paramind22]

Wow, Freiexchange is killed for buyers depth. Is there some other market we're using?

Looking to sell some of my coins to help fund some car parts for my racecar.
Got something like 350k coins.

Yes, it's also on Unnnamed Exchange.