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Question: Due to big HYPER projects like Poker site, giveaways, competitions, bounties and marketing the 500 000 HYPER MMO Development Fund will be at 450 000 HYPER soon. What should we do?
Keep sponsoring more awesome HYPER projects and spend it down to 400 000 HYPER and then preserve the fund at 400 000 HYPER - 115 (45.3%)
Limit spending (less HYPER projects) until the monthly staking brings the fund back up to 500 000 HYPER - 40 (15.7%)
Manage it how you like. HYPER seems to be going awesome keep it up! - 99 (39%)
Total Voters: 254

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Author Topic: [ANN] HYPER ~ Game Currency ~MMOs ~Poker ~ 20+ Servers~ShapeShift.io ~RPG +More!  (Read 713335 times)
HYPERfuture
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May 26, 2014, 12:39:35 PM
 #81

Wow, tokyoghetto thank you for your offer and suggestions.

In regards to HYPER's health the net hashrate is actually looking quite good and it has certainly not plummeted dramatically Smiley

Your proposal to manage the Market Stabilization Fund is something we are definitely interested in, as you are a professional and it will free up our core team to focus on developing the space based MMO and marketing.

The only thing I am unsure of is how the Cryptostocks listing will ultimately help stabilize / grow the exchange rate value of HYPER - which is the funds primary purpose.

Could you please send me your proposal via PM? We can discuss the proposal back and forth before presenting it to the community in its finished form. Also please be aware that I cannot promise anything at this stage, but hopefully we can work something out. The funds primary goal is to stabilize / increase the value of HYPER, rather than paying out dividends from Cryptostocks in BTC which I see as siphoning off value from the HYPER ecosystem. The dividends the fund "pays" should be the increase and stabilization of HYPER value for all holders of the coin. Any investment the fund has which earns BTC should use ALL of the earned BTC to purchase more HYPER for the fund and to help with the value of HYPER on exchanges.

Please send me a PM with your proposal explained in terms of how it will support / increase HYPER value and we are definitely considering your proposal.

I want everyone here to know we are open to suggestions and we are serious about HYPER becoming a viable currency so we can build our MMO and provide value to all stakeholders.

Thanks again

HYPERfuture

HYPER Gaming Currency -> https://bitcointalk.org/index.php?topic=624651 GP RPG Currency -> https://bitcointalk.org/index.php?topic=1053441 https://cryptogalaxies.com -> Blockchain Based Space Strategy MMO. Crypto Galaxies on Bitcointalk -> https://bitcointalk.org/index.php?topic=1374470
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May 26, 2014, 01:19:52 PM
 #82

In regards to the premine concerns:

- The premine is 2.5% of the total coins which will be in circulation in 10 years - 60 000 000 coins - this is when HYPER moves to PoS phase 3 which is 2% annual interest, calculated and compounding daily.

Nice try but the fact is in 2 weeks you will have over 33% of the coins in circulation.  Now I know a lot of those are going to be spent. I happened to find a compounding interest calculator online and it tells me that in 5 years (not 10), 1.5 million coins x 60% per year compounded daily = 30,054,189 coins.  That is an average earn from PoS of (30,054,189 - 1,500,000 = 28,554,189 / 1826 days) = 15,637 coins per day.

Lets say you blow 1/2 on giveaways.  Still leaves you nearly 8,000 coins per day.  Wish I'd thought of it Smiley



Shall we get your facts straight? OK, here we go:

Code:
nSubsidy = 72.5 * COIN;
Code:
unsigned int nStakeTargetSpacing = 30;
   
Do not be fooled by the integer name. That means total target spacing is 30s. Not PoW or not PoS but PoW+PoS.
In practice it leads roughly to 1200-1500 PoW blocks per day. Lets say that we have ideal conditions and we get 1440 PoW blocks per day. First day, there are no stake blocks anyway.

Lets now calculate how many coins we get within 24 hours. 1440 * 72.5 = 104 400. And how many it is for 2 weeks? 104 400 * 14 = 1 461 600 COINs.
Lets now review the total number of COINs.
Code:
static const int64 MAX_MONEY = 60 000 000 * COIN;
Yes. Its 60 millions.
How much is 1.46M from 60M? Lets see. 1.46/60*100. Oh, its only 2.436% Lets add a little more and say that 1.5M will be mined.

Lets now see how much the dev premined.

Code:
if(nHeight == 1)
    {
        nSubsidy = 1 500 000 * COIN;

So total subsidy after 2 weeks will be around the premine of  1.5M + mined 1.5M = 3M. And Dev will control about 50% of total subsidy after mining period has ended.

Now about staking.

Code:
unsigned int nStakeMinAge = 60 * 60 * 24; // minimum age for coin age: 24h
unsigned int nStakeMaxAge = 60 * 60 * 24 * 30; // stake age of full weight: 30d

Can a miner really hope to get daily stakes? Good luck with that.

Im not going to comment on compounding interests. I just say that your numbers are bit wrong.
The only wallet which will seriously benefit from compounding interest is indeed the devs wallet.

Happy mining. Smiley
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May 26, 2014, 01:29:19 PM
 #83

Block reward is 72.5 coins per block for the first 40320 blocks ~ 2 weeks.

This means 2 923 200 coins ~ 3 million will be mined by miners (on top of the premine) in the PoW stage which is now.

Previous post is factually incorrect regarding pretty much all points.

HYPER Gaming Currency -> https://bitcointalk.org/index.php?topic=624651 GP RPG Currency -> https://bitcointalk.org/index.php?topic=1053441 https://cryptogalaxies.com -> Blockchain Based Space Strategy MMO. Crypto Galaxies on Bitcointalk -> https://bitcointalk.org/index.php?topic=1374470
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May 26, 2014, 01:30:37 PM
 #84

Really looking forward to
HYPER

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May 26, 2014, 01:36:07 PM
 #85

Block reward is 72.5 coins per block for the first 40320 blocks ~ 2 weeks.

This means 2 923 200 coins ~ 3 million will be mined by miners (on top of the premine) in the PoW stage which is now.

Previous post is factually incorrect regarding pretty much all points.

PoS blocks are also on the same chain you dumbass.  Cheesy
You have no idea what you are doing, do you?

Just take a look at the MintCoin or another clone source from same development tree.
I just copy-pasted pieces from your source code. Those are simple facts, not arguments for discussion.
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May 26, 2014, 01:41:52 PM
 #86

Jeeez...im sitting on the fence here now...iv only got 13MH/s but i dont want it wasted...
Quick question, how is this a low energy coin?? Its scrypt algo which is gona heat my whole god-damn house up...or is it because its PoS??

My reputation thread!! ...https://bitcointalk.org/index.php?topic=419456.0
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May 26, 2014, 02:03:53 PM
 #87

I need 12 hours to come up with a more detailed Hyper Fund proposal. I believe that I can bring plenty of value to this coin. Stay tuned.
HYPERfuture
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May 26, 2014, 02:20:00 PM
 #88

I need 12 hours to come up with a more detailed Hyper Fund proposal. I believe that I can bring plenty of value to this coin. Stay tuned.

We are working closely with tokyoghetto to iron out the details of his proposal.

This is exciting times for HYPER Wink

Assuming everything goes smoothly, we couldn't ask for someone more qualified in the PoS world to manage the HYPER Market Stabilization Fund.

HYPER Gaming Currency -> https://bitcointalk.org/index.php?topic=624651 GP RPG Currency -> https://bitcointalk.org/index.php?topic=1053441 https://cryptogalaxies.com -> Blockchain Based Space Strategy MMO. Crypto Galaxies on Bitcointalk -> https://bitcointalk.org/index.php?topic=1374470
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May 26, 2014, 03:15:30 PM
 #89

Faucet Finished:
http://www.cryptoarrow.com/faucets/hypercoin/index.php

Enjoy Smiley

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May 26, 2014, 03:47:11 PM
 #90

Damn it,
Why do coin developers not understand that greed like this will destroy any hope for their coin? It is completely unreasonable for you to control 33% of the effective POW coins. No decent exchange will accept this. Even if you swear up and down the coins are for game development, where is the proof of this so called game? Can we see screen shots? Or is it just a pipe-dream?  In what part of your brain did you make the decision that 1 weeks worth of mining was an okay pre-mine? And who the fuck is "we", I am pretty sure all this "we" is just really "you".



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cryptmebro
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May 26, 2014, 04:07:18 PM
 #91

Damn it,
And who the fuck is "we", I am pretty sure all this "we" is just really "you".

QFT
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May 26, 2014, 04:30:57 PM
 #92

Dev, don't trust tokyoghetto with your premine if you want to keep it. One minute he's bad mouthing you, the next minute he's offering to take all of your coins. I would keep him at arms length and I will most definitely stop mining this coin if you blindly trust one random person with the market stabilization fund.

The dev has said a few things that've made me want to stop mining this coin but I'm still hopeful. But if tokyoghetto gets a hold of everything, I'm out.
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May 26, 2014, 04:34:35 PM
 #93

Dev, don't trust tokyoghetto with your premine if you want to keep it. One minute he's bad mouthing you, the next minute he's offering to take all of your coins. I would keep him at arms length and I will most definitely stop mining this coin if you blindly trust one random person with the market stabilization fund.

The dev has said a few things that've made me want to stop mining this coin but I'm still hopeful. But if tokyoghetto gets a hold of everything, I'm out.

You don't know what you're talking about.  Tokyoghetto's involvement is the only thing that can save this coin at this point.
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May 26, 2014, 04:37:35 PM
 #94

Dev, don't trust tokyoghetto with your premine if you want to keep it. One minute he's bad mouthing you, the next minute he's offering to take all of your coins. I would keep him at arms length and I will most definitely stop mining this coin if you blindly trust one random person with the market stabilization fund.

The dev has said a few things that've made me want to stop mining this coin but I'm still hopeful. But if tokyoghetto gets a hold of everything, I'm out.

I didn't bad mouth the dev. I pointed out a problem and offered a solution. I never asked for the entire premine, just a portion to establish the fund. Also I have over 50mhash mining this coin, I don't need his premine to turn a profit on this coin.

I am also not some random person, I am tokyoghetto. Check my track record I am not a scammer. By him not handing the fund to a 3rd party, puts the coin at greater risk.

Anyways this coin will do fine without you, if you decide to not be a part of it.

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May 26, 2014, 05:25:03 PM
 #95

Forum is up: http://hypercrypto.com/forum/

There are sections to discuss MMO development, the market stabilization fund, earn HYPER by marketing, earn HYPER by playing RPGs by post on the forum, how any online game can apply to use HYPER, and more.


HYPER Gaming Currency -> https://bitcointalk.org/index.php?topic=624651 GP RPG Currency -> https://bitcointalk.org/index.php?topic=1053441 https://cryptogalaxies.com -> Blockchain Based Space Strategy MMO. Crypto Galaxies on Bitcointalk -> https://bitcointalk.org/index.php?topic=1374470
HYPERfuture
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May 26, 2014, 06:03:04 PM
 #96

Here is the current HYPER team:

Me (HYPERfuture): PR, community manager, web guy, makes things happen.
Anonymous: Mysterious coin dev, cryptocurrency coding guy.
shivamchawla: Internet marketing specialist, all round action taker guy.

This will grow as more join the project.

HYPER Gaming Currency -> https://bitcointalk.org/index.php?topic=624651 GP RPG Currency -> https://bitcointalk.org/index.php?topic=1053441 https://cryptogalaxies.com -> Blockchain Based Space Strategy MMO. Crypto Galaxies on Bitcointalk -> https://bitcointalk.org/index.php?topic=1374470
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May 26, 2014, 06:27:41 PM
 #97

Ok i know my question may of been a bit crap, but even a crap answer would be nice  Roll Eyes How is this low energy?
Never the less, i can only put 12m/h on this , as iv just noticed 3 dead fans on 3 cards  Cry

Iv never wished for a cool summer before....til now lol

My reputation thread!! ...https://bitcointalk.org/index.php?topic=419456.0
C A Ix > >   CAIx-- Xt7qWX6LTAURHZYzjenTBNfViztCz2z72U
HYPERfuture
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May 26, 2014, 06:30:56 PM
 #98

Ok i know my question may of been a bit crap, but even a crap answer would be nice  Roll Eyes How is this low energy?
Never the less, i can only put 12m/h on this , as iv just noticed 3 dead fans on 3 cards  Cry

Iv never wished for a cool summer before....til now lol

Sorry to hear things are getting a bit heated there with your mining rigs!

After the two week PoW stage is over HYPER will move to 100% proof of stake phase 1, meaning there will be no more active PoW mining. So after these initial two weeks the coin will then be low energy. I hope that makes sense Wink

Coins are staking daily right now at 5% monthly interest and after this PoW stage is over the network will be secured by low energy PoS only which rewards holders for securing the network.

HYPER Gaming Currency -> https://bitcointalk.org/index.php?topic=624651 GP RPG Currency -> https://bitcointalk.org/index.php?topic=1053441 https://cryptogalaxies.com -> Blockchain Based Space Strategy MMO. Crypto Galaxies on Bitcointalk -> https://bitcointalk.org/index.php?topic=1374470
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May 26, 2014, 06:48:15 PM
 #99

Yeah cool man, i thought as much. Will just have to keep a close eye on things. I was pretty much starting to migrate to x11 coins which is stress free where heat is concerned.

My reputation thread!! ...https://bitcointalk.org/index.php?topic=419456.0
C A Ix > >   CAIx-- Xt7qWX6LTAURHZYzjenTBNfViztCz2z72U
cryptmebro
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May 26, 2014, 07:01:00 PM
 #100

Ok i know my question may of been a bit crap, but even a crap answer would be nice  Roll Eyes How is this low energy?
Never the less, i can only put 12m/h on this , as iv just noticed 3 dead fans on 3 cards  Cry

Iv never wished for a cool summer before....til now lol

Because the PoW will phase out and it will become pure PoS.
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