[HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet

[Hilux74]

has buy support completely gone for Hyperstake or are people dumping every single coin they stake. ???From 7 to 8k down to 800 is just ridiculous

Watching the rich list I have seen a few of the large wallets shrinking, one of them fairly significantly.

Maybe the same "investor" who dumped CAPs and HBNs...

Was thinking the same thing.  I wasn't expecting my Cryptsy buy order to get filled yesterday in a single dump lol. 

On that note, now that I have tried it I have to say the autosplit function is pretty slick...wham bam 23 blocks of ideal stake size in an instant.

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[ElTomeko27]

has buy support completely gone for Hyperstake or are people dumping every single coin they stake. ???From 7 to 8k down to 800 is just ridiculous

Watching the rich list I have seen a few of the large wallets shrinking, one of them fairly significantly.

Maybe the same "investor" who dumped CAPs and HBNs...

Was thinking the same thing.  I wasn't expecting my Cryptsy buy order to get filled yesterday in a single dump lol. 

On that note, now that I have tried it I have to say the autosplit function is pretty slick...wham bam 23 blocks of ideal stake size in an instant.

Hilux You got some HYPs?

[billotronic]

damn I missed that deal!! I'll be looking closer now. lots of ppl are selling.. Oh well, there loss our gain!!

TBH it looks like HYP is still going down. When max gen kicks in December 6th ( Assuming this is correct) prices should either spike up briefly and stabilize. Right now I need some BTC to buy some HYP though

I sort of cringe a bit when I hear "when inflation control kicks in" or phrases like that (nothing personal against you mtwelve, everyone has been saying it). Ask yourself, have you been sizing your outputs/blocks differently than you would if there was no 1,000 HYP max stake reward?  If the answer is yes, then this is proof that inflation control has already kicked in.

Now the question of "max gen" kicking in.  Well this is a bit misleading as well, because there is a large chance that we don't see every single stake in one day hit the limit.  I think it was biomech that pointed this out, that it is much more likely that we get close to the max coin supply expansion per day, but that it will vary from day to day near that range.

Haha true. But difficulty will increase, and 1k block will be hit more and more often ( have two blocks that have with age of 14+). Will make sure to phrase correctly from now on

Yeah no kidding.. We are gonna start peaking at 3+ here pretty soon on difficulty

[ElTomeko27]

Ok. Question guys. How to check actual stake %??

[presstab]

Ok. Question guys. How to check actual stake %??

The stake % is always based on 750%. There is a max reward of 1,000 HYP, so if you get your stake cut off by the max reward, then that is the only way to receive less.

After staking you can use the RPC command "getstaketx <txid>" which will tell you the % you earned for that stake.

[ElTomeko27]

Ok. Question guys. How to check actual stake %??

The stake % is always based on 750%. There is a max reward of 1,000 HYP, so if you get your stake cut off by the max reward, then that is the only way to receive less.

After staking you can use the RPC command "getstaketx <txid>" which will tell you the % you earned for that stake.

Ok so it's not the same like HBN

[presstab]

Ok. Question guys. How to check actual stake %??

The stake % is always based on 750%. There is a max reward of 1,000 HYP, so if you get your stake cut off by the max reward, then that is the only way to receive less.

After staking you can use the RPC command "getstaketx <txid>" which will tell you the % you earned for that stake.

Ok so it's not the same like HBN

Nope, HBN has NVCS, which means that the rate changes as difficulty goes up. HYP does not use this method.

[ElTomeko27]

Holy sh!!. Why THE BEST COMMUNITY EVER is dumping HYP so hard??!!!

[presstab]

Holy sh!!. Why THE BEST COMMUNITY EVER is dumping HYP so hard??!!!

Good question 

[ElTomeko27]

Holy sh!!. Why THE BEST COMMUNITY EVER is dumping HYP so hard??!!!

Good question 

PressTab You're good dev but people are treating crypto coins like whores and that ain't gonna change any time soon...

[Hilux74]

Hilux You got some HYPs?

Yeah I bought back in yesterday at 801 on Polio and 863 on Craptsy.  Sold most of my previous holding during the obvious pump beetween 6-7K when people first started telling me to F myself for suggesting caution and restraint.  My issues with HYP are not with the crypto but with its promotion lately.  The scammy over the top horn tooting PR during the obvious pump and then the attacks on other coins afterward have been ridiculous.  Since those tactics made nothing but enemies for XMR I am surprised they were used for HYP.  At these prices I couldn't resist buying back in though.  I was missing the game of trying to determine the perfect block size to optimize reward vs stake time.

I thought 8xx was going to be a stable floor for a while.  I wasn't really expecting my buy orders to be filled yesterday.  Surprised to see it hitting 6xx today.  I guess the tried and true 'best community ever' play to sucker newbs into buying high in the pump made many angry holders who are now making an even worse move and dumping with the same fury with which they bought.

[Zer0Sum]

damn I missed that deal!! I'll be looking closer now. lots of ppl are selling.. Oh well, there loss our gain!!

TBH it looks like HYP is still going down. When max gen kicks in December 6th ( Assuming this is correct) prices should either spike up briefly and stabilize. Right now I need some BTC to buy some HYP though

I sort of cringe a bit when I hear "when inflation control kicks in" or phrases like that (nothing personal against you mtwelve, everyone has been saying it). Ask yourself, have you been sizing your outputs/blocks differently than you would if there was no 1,000 HYP max stake reward?  If the answer is yes, then this is proof that inflation control has already kicked in.

Now the question of "max gen" kicking in.  Well this is a bit misleading as well, because there is a large chance that we don't see every single stake in one day hit the limit.  I think it was biomech that pointed this out, that it is much more likely that we get close to the max coin supply expansion per day, but that it will vary from day to day near that range.

Haha true. But difficulty will increase, and 1k block will be hit more and more often ( have two blocks that have with age of 14+). Will make sure to phrase correctly from now on

Yeah no kidding.. We are gonna start peaking at 3+ here pretty soon on difficulty

This is not as complicated as it's being made out to be.

When using terms like "inflation control"...
The only thing that matters here is Money Supply growth...
How fast are those 46,051,232 coins growing relative to a previous period?

As for how...
It doesn't matter if you have midgets wrestling for blocks...
Or naked women are dropping stake blocks from helicopters over Gotham City.

Also, referencing the 750% nominal rate as "static" is meaningless...
Since people staking correctly are doing MUCH more than that...
(I'm doing a REAL rate of 5,000-6,000% annual if compounded daily)...
And when the Max Generation kicks in the REAL rate will gradually drop to zero over time.

It's all about Money Supply growth and since you have the information...
Please tell us the Money Supply Pct Growth for each of the last 4 weeks...
Or a graph... or any other format you may have available.

Clarity on this is a good way to restore market confidence.

[PressF1]

damn I missed that deal!! I'll be looking closer now. lots of ppl are selling.. Oh well, there loss our gain!!

TBH it looks like HYP is still going down. When max gen kicks in December 6th ( Assuming this is correct) prices should either spike up briefly and stabilize. Right now I need some BTC to buy some HYP though

I sort of cringe a bit when I hear "when inflation control kicks in" or phrases like that (nothing personal against you mtwelve, everyone has been saying it). Ask yourself, have you been sizing your outputs/blocks differently than you would if there was no 1,000 HYP max stake reward?  If the answer is yes, then this is proof that inflation control has already kicked in.

Now the question of "max gen" kicking in.  Well this is a bit misleading as well, because there is a large chance that we don't see every single stake in one day hit the limit.  I think it was biomech that pointed this out, that it is much more likely that we get close to the max coin supply expansion per day, but that it will vary from day to day near that range.

Haha true. But difficulty will increase, and 1k block will be hit more and more often ( have two blocks that have with age of 14+). Will make sure to phrase correctly from now on

Yeah no kidding.. We are gonna start peaking at 3+ here pretty soon on difficulty

This is not as complicated as it's being made out to be.

When using terms like "inflation control"...
The only thing that matters here is Money Supply growth...
How fast are those 46,051,232 coins growing relative to a previous period?

As for how...
It doesn't matter if you have midgets wrestling for blocks...
Or naked women are dropping stake blocks from helicopters over Gotham City.

Also, referencing the 750% nominal rate as "static" is meaningless...
Since people staking correctly are doing MUCH more than that...
(I'm doing a REAL rate of 5,000-6,000% annual if compounded daily)...
And when the Max Generation kicks in the REAL rate will gradually drop to zero over time.

It's all about Money Supply growth and since you have the information...
Please tell us the Money Supply Pct Growth for each of the last 4 weeks...
Or a graph... or any other format you may have available.

Clarity on this is a good way to restore market confidence.

You are quite right. That's why I report inflation on a monthly basis in the cap thread. Last report:



High POS HBN-CAP-TEK-HYP Inflation update

So how are we doing inflation-wise in October? Are thing evolving as expected or not?

First HBN, 100% POS with POW.

Date       block           supply   Inflation
1-6-2014   898413   4629448   12,7%
1-7-2014   988559   5068546   9,5%
1-8-2014   1080369   5521192   8,9%
1-9-2014   1173120   5985846   8,4%
1-10-2014   1262548   6467925   8,1%
1-11-2014   1357005   6990000   8,1%

I couldn't catch the exact supply and rely on Tranz's estimation. It shows the lowest inflation of all which is quite stable as well. October shows no decrease though. Could be because staking efficiency has improved a bit since splitting and recombining level is raised to 5/10. Could also be because October has 31 days Smiley. We'll see what next month brings!


CAP, 200% POS with POW

Date       block           supply   Inflation
1-6-2014   476848   3680285   7,6%
1-7-2014   519426   4046888   10,0%
1-8-2014   565946   4812616   18,9%
1-9-2014   613331   5583618   16,0%
1-10-2014   662054   6367469   14,0%
1-11-2014   713617   7311008   14,8%

Quite steady as well, as mentioned before, rates rised after 4-7 hard fork but decreased al little soon after. Now we see a little increase. We have to await until next month to see if it's a new trend or not.


TEK, 500% POS with POW

Date       block           supply   Inflation
1-6-2014   382532   986066   37,9%
1-7-2014   425505   1349745   36,9%
1-8-2014   469608   1830289   35,6%
1-9-2014   514595   2113023   15,4%
1-10-2014   569714   2421990   14,6%
1-11-2014   621243   3138853   29,6%

As expected, TEK almost returned to pre-fork levels once more. The after-fork-simultaniously-staking pressure brought down the stake percentage quite strong but only temporarily as it now seems. It likely to assume that next month the inflation level is up and above 30% again.


HYP, 750% POS, no POW

Date       block   supply   Inflation
1-8-2014   44901   10557791   24,4%
1-9-2014   74355   14826453   40,4%
1-10-2014   103019   22309537   50,5%
1-11-2014   132376   34665433   55,4%

Last month shows an increase of the inflation of HYP. It only means the staking is getting more and more efficient and produces a stake ever closer to 1000 which is the max stake for this coin. Since the stake percentage isn't decreasing with stake weight, it's fair to assume that inflation will eventually level out and then decrease much like a POW-coin with a 1000 block-reward. The thing that really surprises me though, is the absence of strong price-erosion due to this enormous inflation thus producing an impressive market cap. A most interesting experiment indeed.

UPDATE: Well my last comments are pretty much outdated now, but that's more something for the next report

[mtwelve]

I just saw diff bump with 3, is it time to increase block size when staking?

[presstab]

This is not as complicated as it's being made out to be.

When using terms like "inflation control"...
The only thing that matters here is Money Supply growth...
How fast are those 46,051,232 coins growing relative to a previous period?

As for how...
It doesn't matter if you have midgets wrestling for blocks...
Or naked women are dropping stake blocks from helicopters over Gotham City.

Also, referencing the 750% nominal rate as "static" is meaningless...
Since people staking correctly are doing MUCH more than that...
(I'm doing a REAL rate of 5,000-6,000% annual if compounded daily)...
And when the Max Generation kicks in the REAL rate will gradually drop to zero over time.

It's all about Money Supply growth and since you have the information...
Please tell us the Money Supply Pct Growth for each of the last 4 weeks...
Or a graph... or any other format you may have available.

Clarity on this is a good way to restore market confidence.

Sure I think that lots of people confuse supply inflation and price inflation. HyperStake obviously has no control over exchange rates between HyperStake and other coins such as bitcoin, monero, doge, litecoin.  There was talk about a market stabilization fund "HyperShield", but I was largely against it because I didn't want to create a false sense of security.  These are crypto currency markets and typically crypto currency markets are very volatile, it only takes a few whales selling out to drop the price significantly and thats what we are seeing.

Money supply statistics can be found quite easily, I added an RPC command, "moneysupply" on July 8th, days from launch. You can check this command at anytime, and I encourage it, because money supply statistics are important. The current output:

Code:

{
"moneysupply - present" : 46010753.75979300,
"moneysupply - 960 blocks ago" : 45349430.95171700,
"moneysupply - 6,720 blocks ago" : 41620291.44066900,
"moneysupply - 28,800 blocks ago" : 29433914.51322000,
"supply change(last 960 blocks)" : 661322.80807600,
"supply change(last 6,720 blocks)" : 4390462.31912400,
"supply change(last 28,800 blocks)" : 16576839.24657300,
"supply change since fork (block 31781)" : 37298942.52201400,
"time change over 960 blocks" : 1.00379630,
"time change over 6,720 blocks" : 7.11354167,
"time change over 28,800 blocks" : 30.46195602,
"avg daily rate of change (last 960 blocks)" : 0.01431886,
"avg daily rate of change (last 6,720 blocks)" : 0.01341421,
"avg daily rate of change (last 28,800 blocks)" : 0.01182727,
"projected money supply 1 day from now (daily compound)" : 46669575.48539219,
"projected money supply 7 days from now (daily compound)" : 50508941.65688521,
"projected money supply 30 days from now (daily compound)" : 65471271.63501146
}

You can see that the last day has added about 1.4% to the supply (661k HYP).  I have always encouraged people to use this RPC command, I made it for a reason.

[presstab]

I just saw diff bump with 3, is it time to increase block size when staking?

Ha ha I have the opposite thought. Does this mean I need to decrease block size so that I don't hit the max?

[Biomech]

I just saw diff bump with 3, is it time to increase block size when staking?

Ha ha I have the opposite thought. Does this mean I need to decrease block size so that I don't hit the max?

That's the question, isn't it? Speed, take the hit and make it up on compounding, or try to get close but not exceed.

I'm on the fence so I'm doing both

[mtwelve]

I just saw diff bump with 3, is it time to increase block size when staking?

Ha ha I have the opposite thought. Does this mean I need to decrease block size so that I don't hit the max?

That's the question, isn't it? Speed, take the hit and make it up on compounding, or try to get close but not exceed.

I'm on the fence so I'm doing both

Well I see it as by trying to avoid one constant your going to hit the other, which is the 30 day weight. So  I think smaller blocks is the "safer" way to go, but eventually you'll be hitting the 30 day max age, unless that gets changed to 60 days as stated a couple pages back.

Question to @presstab tho,

Was the web wallet discussed also several pages back just an idea? That would be super interesting, and really be another first. AFAIK , there is no web wallet that does POS.

[cycoinminer]

I just wanted to put it out there a couple of observations I have made about HyperStake, as well as some future plans I'm personally working on here.

First of all, the price drop in HYP is for many people, disappointing. But realistically, what's changed?
Have there been any fundamental problems with HYP? No.
Is HYP considered to be the most advanced POS wallet with features not seen before in a POS coin? Yes.
Has HYP attracted haters? Most definitely Yes.

What we're seeing now is the realisation by some, that in order for the SAT price to stay the same, day by day, it meant that the new buyers into HYP would have to grow by roughly 2% every day, to keep pace with the rising level of HYP OR that existing holders of HYP decided to grow their holdings, rather than sell.
Consequently, when the buy support for HYP fell after a while, panic has set in, and we now see the SAT price at a low not seen for some time.
However, the current market cap of HYP still stands at 370BTC - this is a far cry from the 50BTC it was when I first checked out HYP's cap - hell, at one point it was even around 35BTC if I remember rightly.

So, what's the point of my writing?

Even though the price, for many, is lower than they bought in, compared to just 4 months ago, the overall market cap of HYP has grown at least 7 fold.
You'll  have seen many new coins go crazy at some point - with HYP it hit the headlines, and people jumped on the bandwagon - some making a good profit, others not doing so well. From a personal perspective, I can say that I've managed to do most of my Christmas shopping from selling a bit of my staked coins, but I'm still holding the vast majority of my HYP and will continue to do so.

It's also worth noting that whoever is dumping now, is dumping into the hands of some of the biggest holders of HYP.
I know this because I keep a good eye on the top wallets on the richlist, and I keep getting knocked down the list (big holders topping up), and RARELY do I see my place going up the list (big holders selling).

Now, looking at things from a different angle, where does the value of any crypto-coin come from? If you look at it from a physical business point of view,valuations are generally built on assets, profitability, future earnings potential, etc etc....

Over the last couple of weeks, I've personally been looking into ways of integrating FIAT based services with that of HyperStake, allowing a constant stream of $$$ / £££ / €€€ to be used to buy up HYP from the market, and hold, as a business asset.
Whilst this is still in development, I have a strong feeling this will prove to be successful, as it will offer benefits to everyone involved.
It will add another string to the bow of HYP, so to speak, and for those who want to get involved, it could prove to be a real game changer.



 

[Serby]

I just wanted to put it out there a couple of observations I have made about HyperStake, as well as some future plans I'm personally working on here.

First of all, the price drop in HYP is for many people, disappointing. But realistically, what's changed?
Have there been any fundamental problems with HYP? No.
Is HYP considered to be the most advanced POS wallet with features not seen before in a POS coin? Yes.
Has HYP attracted haters? Most definitely Yes.

What we're seeing now is the realisation by some, that in order for the SAT price to stay the same, day by day, it meant that the new buyers into HYP would have to grow by roughly 2% every day, to keep pace with the rising level of HYP OR that existing holders of HYP decided to grow their holdings, rather than sell.
Consequently, when the buy support for HYP fell after a while, panic has set in, and we now see the SAT price at a low not seen for some time.
However, the current market cap of HYP still stands at 370BTC - this is a far cry from the 50BTC it was when I first checked out HYP's cap - hell, at one point it was even around 35BTC if I remember rightly.

So, what's the point of my writing?

Even though the price, for many, is lower than they bought in, compared to just 4 months ago, the overall market cap of HYP has grown at least 7 fold.
You'll  have seen many new coins go crazy at some point - with HYP it hit the headlines, and people jumped on the bandwagon - some making a good profit, others not doing so well. From a personal perspective, I can say that I've managed to do most of my Christmas shopping from selling a bit of my staked coins, but I'm still holding the vast majority of my HYP and will continue to do so.

It's also worth noting that whoever is dumping now, is dumping into the hands of some of the biggest holders of HYP.
I know this because I keep a good eye on the top wallets on the richlist, and I keep getting knocked down the list (big holders topping up), and RARELY do I see my place going up the list (big holders selling).

Now, looking at things from a different angle, where does the value of any crypto-coin come from? If you look at it from a physical business point of view,valuations are generally built on assets, profitability, future earnings potential, etc etc....

Over the last couple of weeks, I've personally been looking into ways of integrating FIAT based services with that of HyperStake, allowing a constant stream of $$$ / £££ / €€€ to be used to buy up HYP from the market, and hold, as a business asset.
Whilst this is still in development, I have a strong feeling this will prove to be successful, as it will offer benefits to everyone involved.
It will add another string to the bow of HYP, so to speak, and for those who want to get involved, it could prove to be a real game changer.



 

Great post.

Big holders will be left with tons of worthless coins when the majority of users lose interest in HYP b/c demand does not meet supply. In all fairness, what kind of coin HYP would be if its supply was distributed at 70% among the top ten addy? Just saying......
As you mentioned, the benefits should be offered to everyone involved, small holders included, which at the current rate of devaluation, is far from being the case (i.e given that one bought in at 5K a few weeks ago). It's ok for big holders to stake even when HYP's value decrease by 15% on a daily basis.

We need a deadline on the project you're working on, HYP's use in the real economy is what we're looking forward to. Keep up the good work.