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

[PeterColumboFalk]

i'm trying to build a new node by connecting to another node i control (and only that node.)

however the block download speed is incredibly slow.
it looks like it sends a small burst of data, then waits a few minutes before sending more.

does anyone know if the wallet code contains something that rate-limits peer block downloads?

Try this node for syncing: 185.150.190.19

thanks,
but i've given it a second source yesterday and it still is only taking dribbles from both of them.
they are all on the same internal network. there is something else going on. it is getting blocks but just
in very small bursts separated by minutes of idleness.

i cant use a copy of the blockfiles or i'd just do that from my other node. i'm building this new node with txindex=1 which is something most people dont have enabled with their blockfiles.

i'll add your node anyway, but i am not hopeful.

What does txindex=1 do? Should I enable it to help it speed up?

[1714766555]

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[1714766555]

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[1714766555]

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[samspaces]

txindex=1 slows it down. txindex=0 is faster.

[dnp]

txindex=1 slows it down. txindex=0 is faster.

i've used txindex=1 on many blockchains, never seen this behavior before. also the slowdown should be incremental not bursty.

[dnp]

What does txindex=1 do? Should I enable it to help it speed up?

you do not want to do it unless you need it
it will slightly slow things down (but not what i'm seeing) and use up more disk space.

it allows retrieving transaction detail information via RPC calls if, say, you are building an explorer (or in my case using it as testdata for mods to an explorer.)

if you do enable it, you will have to reindex your entire blockchain too. that could take a long time.

[lightspeedy]

i'm trying to build a new node by connecting to another node i control (and only that node.)

however the block download speed is incredibly slow.
it looks like it sends a small burst of data, then waits a few minutes before sending more.

does anyone know if the wallet code contains something that rate-limits peer block downloads?

Try this node for syncing: 185.150.190.19

If you are on linux, you can download the blockchain here. (Perhaps it runs on windows, but I don't know)

Code:

ftp://185.150.190.19/chain-hbn.HoboNickels_v2.0.1_date-20-12-27.tgz

The md5 checksum can be found here:

Code:

ftp://185.150.190.19/README

A fully and weekly updated snapshot can be found here:
https://files.hobomap.info/index.php

Feel free to spread the word.
Cheers

[samspaces]

i'm trying to build a new node by connecting to another node i control (and only that node.)

however the block download speed is incredibly slow.
it looks like it sends a small burst of data, then waits a few minutes before sending more.

does anyone know if the wallet code contains something that rate-limits peer block downloads?

If you have another node you control, you can just copy the data to the other machine (or folder if it's on the same machine) and put a different wallet in the datadir. No need to do it via networking. Stop the client before copying, as a running client can copy with errors that corrupts the block integrity.

[Iced]

Oh wait! This is still going?

[lightspeedy]

Oh wait! This is still going?

Yes we are! Join us on Twitter too and help to spread the word 
https://twitter.com/HoboNickels_HBN/status/1355270219984470018

[dnp]

i'm trying to build a new node by connecting to another node i control (and only that node.)

however the block download speed is incredibly slow.
it looks like it sends a small burst of data, then waits a few minutes before sending more.

does anyone know if the wallet code contains something that rate-limits peer block downloads?

If you have another node you control, you can just copy the data to the other machine (or folder if it's on the same machine) and put a different wallet in the datadir. No need to do it via networking. Stop the client before copying, as a running client can copy with errors that corrupts the block integrity.

you missed the fine print
i was building with txindex=1 and had no previously built copy to use

[PeterColumboFalk]

@Tranz

I red about a limit of 120 million coins. It's over this limit now, but the "Current PoS Yearly Interest" is at 27%. What is wrong with the wallet software? With this longterm inflation the coin is really nonsense, and the investors have been ripped-off. I'm rather sure this is not done by intention, but the algo should be reviewed and changed soon.

[lightspeedy]

@Tranz

I red about a limit of 120 million coins. It's over this limit now, but the "Current PoS Yearly Interest" is at 27%. What is wrong with the wallet software? With this longterm inflation the coin is really nonsense, and the investors have been ripped-off. I'm rather sure this is not done by intention, but the algo should be reviewed and changed soon.

I've checked the source code here: https://github.com/Crypto-Expert/HoboNickels/commit/460a9f5ea3ebc3489b97e2c24b333462d93cef01
In the src/main.cpp file inside the GetProofOfStakeRewardV3 function at row 1271 is the following comment:

Code:

// HoboNickels: reward for coin-year is cut in half every 128x multiply of PoS difficulty
// A reasonably continuous curve is used to avoid shock to market
// (bnRewardCoinYearLimit / nRewardCoinYear) ** 5 == bnProofOfStakeLimit / bnTarget
//
// Human readable form:
//
// nRewardCoinYear = 1 / (posdiff ^ 1/5)

This seems to reduce to coin reward in relation to coin years. Unfortunately I could not research the outcome on this.
Maybe someone else has any idea about this behaviour?

[lightspeedy]

Hi everyone

The community has a new blockexplorer, since we are not on chainz.cryptoid.info anymore.
https://explorer.hobomap.info/

I hope this helps.  

[lightspeedy]

A new unofficial but most recent updated website is live.
http://hobonickels.io

More exiting announcements about ongoing development will follow shortly.

[paramind22]

I just asked Frieexchange about the wallet there, and got:

It's painful to sync.

We are currently at block 3219751, it goes slow as you see, the other time you asked we where at block 2.5 million or something.

(this was one week ago)

If somebody has a bootstrap or something, please let me know, i am willing to try anything to get it faster in sync.

[PeterColumboFalk]

I just asked Frieexchange about the wallet there, and got:

It's painful to sync.

We are currently at block 3219751, it goes slow as you see, the other time you asked we where at block 2.5 million or something.

(this was one week ago)

If somebody has a bootstrap or something, please let me know, i am willing to try anything to get it faster in sync.

Try this blockchain from 18. of April:

Code:

ftp://185.150.190.19/chain-hbn.HoboNickels_v2.0.1_d21-04-18.tgz

[lightspeedy]

I just asked Frieexchange about the wallet there, and got:

It's painful to sync.

We are currently at block 3219751, it goes slow as you see, the other time you asked we where at block 2.5 million or something.

(this was one week ago)

If somebody has a bootstrap or something, please let me know, i am willing to try anything to get it faster in sync.

We create the automated snapshot every week here:
https://files.hobomap.info/ and here https://files.hobomap.info/hbn-snapshot.zip

[poke@]

What is this exactly?

https://hobotoken.com


And then the burn address? Are you planning on converting this into an ERC-20 token? This has been a burn address for almost a year at this point, is it still valid?

[lightspeedy]

What is this exactly?

https://hobotoken.com


And then the burn address? Are you planning on converting this into an ERC-20 token? This has been a burn address for almost a year at this point, is it still valid?

Hobo is an erc-20 token and hobotoken.com offers to burn HBN to get HOBO in exchange at 10: 1 ratio. Yes, its still valid.
We still have exciting plans to develop on this and will come up soon with news.

But, the next step by now will be the HoboNickels litewallet to be release. This should help newbies get on the train more easily.
Stay tuned for more news soon.

[poke@]

What is this exactly?

https://hobotoken.com


And then the burn address? Are you planning on converting this into an ERC-20 token? This has been a burn address for almost a year at this point, is it still valid?

Hobo is an erc-20 token and hobotoken.com offers to burn HBN to get HOBO in exchange at 10: 1 ratio. Yes, its still valid.
We still have exciting plans to develop on this and will come up soon with news.

But, the next step by now will be the HoboNickels litewallet to be release. This should help newbies get on the train more easily.
Stay tuned for more news soon.

Great that sounds good to me.

I assume the litewallet is for the ERC-20 tokens? I sent 100 HBN to the burn address to test it out. ERC-20 is rough at the moment with fees so hoping this is placed low priority. I was thinking there needed to be some improvements to the protocol and swapping to one with actual use might be the play. I am not 100% onboard with the 10:1 burn however with the cap still being 120 million. Hoping you have a clearly laid out plan for the tokenomics and rollout of the entire amount. Similar to how something like crowny.io has put together for their release. A nice pie chart showing the emission schedule / allocation.

If you need any help please let me know. I have been a long time holder and staker of this coin. It has always been a fun little side project that I hoped one day would have a use case. If I am not mistaken Tranz always wanted it to be for donations? however as long as the coin has a low cost to send that can be a byproduct. I could see TX fees being burned/donated as well. Having a DeFi and liquidity purpose would also help boost adoption/use.


Anyways, good luck! Keep us informed of your updates please.


PS. A rebrand when all of the technology changes have been made might be wise. Hobo / HoboToken / HoboCoin don't exactly illicit positive thoughts for me. Does it mean something special to everyone?

[lightspeedy]

I assume the litewallet is for the ERC-20 tokens?

The litewallet in development will be for original HoboNickels HBN  
Since the current wallet takes long for syncing, we tought a litewallet would help to get new people onboard.
For the erc-20 tokens there are enough handy wallets out there (metamask, ledger etc.)

The closed beta test is running already, interested people can register here: https://hobonickels.io
and have the chance to win $5000 as announced on twitter: https://twitter.com/HoboNickels_HBN

We created this .io website few days ago, since hobonickels.info is outdated and the ssl cert invalid...

ERC-20 is rough at the moment with fees so hoping this is placed low priority. I was thinking there needed to be some improvements to the protocol and swapping to one with actual use might be the play. I am not 100% onboard with the 10:1 burn however with the cap still being 120 million. Hoping you have a clearly laid out plan for the tokenomics and rollout of the entire amount. Similar to how something like crowny.io has put together for their release. A nice pie chart showing the emission schedule / allocation.

The ratio 10:1 was selected for the burn process for starting the erc-20. Well, the finalization of the ratio is not final. We'll likely increase that ratio to 1:1 in the near future. The 10:1 ratio that has already been burned will be credited to the users. But it still has to be worked out in order to be shown in a nice circle chart at the end.

Yes, we agree that ETH is currently struggling with the gas price for erc-20 transactions. We look forward to the EIP-1559 upgrades and are also testing Layer 2 solutions such as OMG network. Another candidate is THETA, which we are keeping an eye on. Maybe we can combine the best of both worlds!

In any case, all comments are welcome. We don't want to do something alone here.
The HBN community should actively participate in shaping the future of HoboNickels.

PS. A rebrand when all of the technology changes have been made might be wise. Hobo / HoboToken / HoboCoin don't exactly illicit positive thoughts for me. Does it mean something special to everyone?

A rebranding is always risky when there is almost no one who wants to take care of it. It can lead to the final death of the project if people fail to see the rebranding in public.
Even if there are no developments, it's a shame for a rebrand.

To be honest, at the beginning I didn't know what hobonickel was. After doing some research I can say that the name is perfect for getting into NFT's.
HoboNickels are rare coins that are created as unique pieces by artists. (DYOR)

With SmartContracts and NFT we would have the opportunity to draw interest to HoboNickels as a project and increase demand.
What do you think? Who is taking part?