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

[presstab]

So what's a realistic long-term coin cap on HBN and when will it be reached?

 Between $0 and  $500m  

Between  2014 and 2040.

How would you expect to work it out ?  It depends on too many factors.  All one can say is that the good community and dev. give HBN a better chance than most alts.

He said coin cap not market cap (though he may have meant market cap lol.) The coin cap as I understand is 120 million coins. I do not know whether Tranz built in "inflation" or not; maybe this is what CrazyLoaf was really asking about...?

According to some previous quotes from Tranz, we aren't quite sure how the cap will function yet. It is there in the code but whether or not it actually works and prevents both PoW and PoS from expanding the money supply is a question at this point.

[1713906603]

1713906603

[mighty jol]

would pos and pow die if the cap gets reached?? (that would be sad    i like pos)
when would it happen at current rate?

[presstab]

Based on my back of the envelope calculations the fastest possible time span would be 4+ years from now. But that assumes that every coin is staked.  I think it is safe to assume that a lot of the HBN money supply is in lost wallets, so much of it won't stake. Also safe to assume that many people won't even stake their coins.

The current stake is probably something like 20% of coins or less. A 20% stake rate would give us a good 11 more years or so.  Also hard forks are always available if the community decides to keep expanding the supply.

[CrazyLoaf]

He said coin cap not market cap (though he may have meant market cap lol.) The coin cap as I understand is 120 million coins. I do not know whether Tranz built in "inflation" or not; maybe this is what CrazyLoaf was really asking about...?

Yeah, I was talking about the coin cap vs the market cap. I know the coin cap is in the code as 120M, but how realistic is it that we get there? At this point, let's say we got there in 5-10 years. Anyone holding now would be diluted into oblivion unless they are a large-ish holder.

[presstab]

Yeah, I was talking about the coin cap vs the market cap. I know the coin cap is in the code as 120M, but how realistic is it that we get there? At this point, let's say we got there in 5-10 years. Anyone holding now would be diluted into oblivion unless they are a large-ish holder.

If you are holding now, and staking, then your market share of the supply should stay relatively constant except it will be diluted by the PoW blocks. PoW blocks will become rarer and rarer over time I think though.

[Tranz]

The 120 MM is a place holder in the code, if you trace it down you will see there is nothing preventing staking or mining from just that one line.

The real goal is to approach this amount over long time and keep it just out of reach.

One thing to realize is that as we enjoy more staking on the network, the payment(interest) goes down. So if every coin was staking the yearly ROI would not 100%, it will drop and the inflation rate will slow.

[PressF1]

Hi every one, I am another HBN supporter and was reading along with your discussion.

This is what I make of it: If you check the chart of the the money supply, you'll notice the constant increase of HBN which consists of 14400 HBN every day being added to the existing amount. (makes sense: 1 block of 5 HBN  every 30 sec.)
POW and POS are competing for this daily amount but no matter much POS or POW, 14400 cannot be exceeded. So diff rises over time and stake% lowers over time. One influencing the other as well in order to maintain 14400 every day.
So I think with a coincap of 120M we have 120M/(14K4*365) = 22 more years before this point is reached at which I understand from Tranz, nothing particular will happen anyway.  And adding a daily fixed 14K4 also means inflation will be less and less every year.

I would like to add that in my opinion, HBN is well designed, well balanced and well developed. That's why I am stacking them. As much as I can get hold of. Without being greedy of course

http://hobonickels.info/charts.php

[solarion]

I would like to add that in my opinion, HBN is well designed, well balanced and well developed. That's why I am stacking them. As much as I can get hold of. Without being greedy of course

I share your opinion on all counts. This is an excellent coin. I too am stacking them...but without any self imposed limits due to this unknown thing you call "greedy".

[Tranz]

Hi every one, I am another HBN supporter and was reading along with your discussion.

This is what I make of it: If you check the chart of the the money supply, you'll notice the constant increase of HBN which consists of 14400 HBN every day being added to the existing amount. (makes sense: 1 block of 5 HBN  every 30 sec.)
POW and POS are competing for this daily amount but no matter much POS or POW, 14400 cannot be exceeded. So diff rises over time and stake% lowers over time. One influencing the other as well in order to maintain 14400 every day.
So I think with a coincap of 120M we have 120M/(14K4*365) = 22 more years before this point is reached at which I understand from Tranz, nothing particular will happen anyway.  And adding a daily fixed 14K4 also means inflation will be less and less every year.

I would like to add that in my opinion, HBN is well designed, well balanced and well developed. That's why I am stacking them. As much as I can get hold of. Without being greedy of course

http://hobonickels.info/charts.php

True on a lot, but a few misconceptions. The algo only cares to keep the blocks at 30 seconds, what the block reward is, does not influence it.

Looking at a few stats.

We are at day 274.775 in the chain. Each day we try to make  2,880 blocks.  So 274.775 * 2,800 = 791,352. The current block is 788,600 So we are slightly below the target blocks. But pretty close.

PoW only should produce 14,400 coins a day.  So at 274.775 days, we should be at 3,956,760. We are currently at 4,026,732.041296. Slightly ahead of PoW only target. Remember the current coin supply also takes into account the fees that are destroyed.  Not sure on how much that really is right now. Maybe a few thousand at most.

So in next year. I believe the inflation rate should pick up. Then by year 3 or 4, it should begin to slow.  Eventually it could slow to lower then PoW only. This should be the goal, as we approach the 120MM mark.

[Gabri]

I would like to add that in my opinion, HBN is well designed, well balanced and well developed. That's why I am stacking them. As much as I can get hold of. Without being greedy of course

I share your opinion on all counts. This is an excellent coin. I too am stacking them...but without any self imposed limits due to this unknown thing you call "greedy".

Love this coin too. I have been buying for some time now and I recently discovered im in the top 40 of the richlist. 

[Majormax]

He said coin cap not market cap (though he may have meant market cap lol.) The coin cap as I understand is 120 million coins. I do not know whether Tranz built in "inflation" or not; maybe this is what CrazyLoaf was really asking about...?

Yeah, I was talking about the coin cap vs the market cap. I know the coin cap is in the code as 120M, but how realistic is it that we get there? At this point, let's say we got there in 5-10 years. Anyone holding now would be diluted into oblivion unless they are a large-ish holder.

Ok,  sorry about the misunderstanding !

That is an interesting point I hadn't considered.

[presstab]

Hi every one, I am another HBN supporter and was reading along with your discussion.

This is what I make of it: If you check the chart of the the money supply, you'll notice the constant increase of HBN which consists of 14400 HBN every day being added to the existing amount. (makes sense: 1 block of 5 HBN  every 30 sec.)
POW and POS are competing for this daily amount but no matter much POS or POW, 14400 cannot be exceeded. So diff rises over time and stake% lowers over time. One influencing the other as well in order to maintain 14400 every day.
So I think with a coincap of 120M we have 120M/(14K4*365) = 22 more years before this point is reached at which I understand from Tranz, nothing particular will happen anyway.  And adding a daily fixed 14K4 also means inflation will be less and less every year.

I would like to add that in my opinion, HBN is well designed, well balanced and well developed. That's why I am stacking them. As much as I can get hold of. Without being greedy of course

http://hobonickels.info/charts.php

That is a great username!

[presstab]

We are at day 274.775 in the chain. Each day we try to make  2,880 blocks.  So 274.775 * 2,800 = 791,352. The current block is 788,600 So we are slightly below the target blocks. But pretty close.

PoW only should produce 14,400 coins a day.  So at 274.775 days, we should be at 3,956,760. We are currently at 4,026,732.041296. Slightly ahead of PoW only target.

Wow that is a lot of potential stake that has been missed out on. Also PoW target is 30 seconds, but sometimes it will go several minutes without hitting a PoW block. This must mitigate a lot of the rise in coin count.

[Trishula]

hi, i am having trouble with my hobo nickels wallet
Assertion failed!

Program:C:\users...where my wallet is in my computer goes here
file:src\kernel.cpp, line 395

expression:pindex->pprev || pindex->getblockhash() ==(!testNet? hashGenesisblock : hashgenesisblocktestnet)

that is what pops up whenever i try to open it
if anyone knows what to do either pm me or post it here please and thank you!!

[presstab]

hi, i am having trouble with my hobo nickels wallet
Assertion failed!

Program:C:\users...where my wallet is in my computer goes here
file:src\kernel.cpp, line 395

expression:pindex->pprev || pindex->getblockhash() ==(!testNet? hashGenesisblock : hashgenesisblocktestnet)

that is what pops up whenever i try to open it
if anyone knows what to do either pm me or post it here please and thank you!!

Check out this thread at the hosted forum that is dedicated to this exact issue. https://cryptocointalk.com/topic/9588-hbn-trouble-shooting-guide-assert-failure/

[dogechode]

If anyone is interested, I have a MSI R9 290 OC Edition Twin Frozr IV that I just got back from RMA a few days ago, it's complete in box, the anti-static bag is sealed and it looks like they just gave me a brand new card but it could be re-furbished, I don't know if there is a way to tell. I will sell it for about $400 worth of HBN. US Buyers only due to export restrictions.

[broken_pixel]

Difficulty   9.78241552
Est Next Difficulty   9.78241552 (Change in 1 Blocks)

 

[Isotactic]

We as a community really need to keep voting to get on mintpal. Cryptsy is garbage. Once again they are having difficulty with deposits right in the middle of a large run up in value. Seems awfully suspicious.

[Makitaki]

We as a community really need to keep voting to get on mintpal. Cryptsy is garbage. Once again they are having difficulty with deposits right in the middle of a large run up in value. Seems awfully suspicious.

I'm doing that every fucking day, but I think I'm the only one for the last few days. So join in.

And look at the price, lol. Finally the price HBN deserves for a looooong time already but I don't think it lasts long. It seems it's another attempt at pump and dump?

[solarion]

Well they're welcome to pump it, but I ain't dumping.