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

[presstab]

At this point it seems like the question would not be about changing the PoS hashing algo, but about the block header algo, which is currently x11. This could give a boost to syncing, but no guarantees. And whether it is worth it. Ill do some testing and see if the results are any good.

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[David Latapie]

Interesting. What is considered "large holdings"? Anyone above 100K HYP?

The barrier is not a hard one, so this is all about transitionning. That being said, the code will require some hard numbers; and such a number will eventually be arbirtary.

If we use the Pareto principle (which what is usually done in such a case), then 80% of coins is reached at 27K per address presently (people not in the richlist represent less than 4%). Now, we don't want 'most people" to abide by this "stop staking" mechanism so we'd have to tighten the set.

100K per address is still 60% of the richlist, so still too much - I consider that 25% of the money supply is still a lot and, to make things round, I would use the "opposite of Paretto", 20%. To have 20% of stake stopping, we shall aim people who have more than... 900K. This is 8 persons! So, at present, stop staking would apply mostly only to hypillionaires (we have 7 hyppilionnaires).

This is a pretty restricted set, but this also mean this will hopefully be easier to enforce. Now, the boring thing is that we don't know them since the address claiming has not been fixed.

Bottom line: I suggest this:
If the address as less 900K or more HYP, activate conditional stopstaking
900K shall be a variable, though, and I do not know how to calculate it

Presently, the lowest address eligible (that is, the address the closest to 900K) has 1.5% of the coin. This could be our magic number: If the address contains at least 1.5% of the total coin supply, then activate conditional stopstaking.

Opinion?

[cycoinminer]

Bottom line: I suggest this:
If the address as less 900K or more HYP, activate conditional stopstaking
900K shall be a variable, though, and I do not know how to calculate it

Presently, the lowest address eligible (that is, the address the closest to 900K) has 1.5% of the coin. This could be our magic number: If the address contains at least 1.5% of the total coin supply, then activate conditional stopstaking.

Opinion?

Would the conditional stopstaking bring the holder of a large wallet, any disadvantage (ie earn less HYP from not staking)?

If so, then surely you'd just see individuals start to split their holdings into a number of wallets, rather than just one?

Or am I reading this wrong?

[David Latapie]

Would the conditional stopstaking bring the holder of a large wallet, any disadvantage (ie earn less HYP from not staking)?

Yes. That's why it would be mentioned and could be deactivated.

If so, then surely you'd just see individuals start to split their holdings into a number of wallets, rather than just one?

They would just deactive it.
If too much people deactivate it, we would have to lower the percentage and more people would be subjected to this. There is an important freerider issue here - and freeriding is an unsolved issue in free market.

[kawa900jc]

Hi Hyp fans,
I have just recieved my last stake for the HyperLoan!

To celibrate I let it rain now on the IRC!

Thank you all for the upportunity for enjoining the HyperStake.

[forbesmining]

All "problems" are solved by a steady increase of coin buyers/stakers, correct?

[Biomech]

All "problems" are solved by a steady increase of coin buyers/stakers, correct?

Well, a substantial portion of 'em Real world adoption, even if just as a savings model, would certainly drive those factors. It's more correct to state that solving the problems would cause a steady increase of coin buyers and stakers.

[LiteBit]

I go back and forth if high POS will gradually rise steadily or fall steadily. My gut always says it's going to fall steadily and the market has been showing that since I've been staking at least. Logically it makes sense because as stakers get more HYP the only thing to do with them is either stake, give away or sell. Even if those options were 1/3, 1/3, 1/3 of users, none of those options are buying HYP. Every time I go to buy HYP I stop because I'm making it for free so why not invest in other tech out there. All of this points to a perpetual downward trend until the 8th decimal. I don't know, maybe my gut is just hungry instead 

Disclaimer: My current wallet is staking and totals 140K+ and I haven't sold any I've generated, only given them away or staked them again. Just offering a different point of view

[presstab]

I go back and forth if high POS will gradually rise steadily or fall steadily. My gut always says it's going to fall steadily and the market has been showing that since I've been staking at least. Logically it makes sense because as stakers get more HYP the only thing to do with them is either stake, give away or sell. Even if those options were 1/3, 1/3, 1/3 of users, none of those options are buying HYP. Every time I go to buy HYP I stop because I'm making it for free so why not invest in other tech out there. All of this points to a perpetual downward trend until the 8th decimal. I don't know, maybe my gut is just hungry instead 

Disclaimer: My current wallet is staking and totals 140K+ and I haven't sold any I've generated, only given them away or staked them again. Just offering a different point of view

We have seen a downward trend in coin supply inflation in the last few days. Right now, daily added coins is less than 1% of the supply. I think we are reaching the point where the maximum stake reward is really starting to clip off some of our inflation worries.

At this point it becomes an equation of how much stake each person sells. I can't predict prices, but it does seem like there are not a lot of people anxious to sell at these prices.

[mtwelve]

Haha nope, going to stake to hopefully make up some losses 

[presstab]

Haha nope, going to stake to hopefully make up some losses 

Also dont forget that rain collection on ##hyperstake is the next best thing compared to staking

[mtwelve]

Matilda and I don't get along that well so I think it's just staking for me 

[YoungJesus]

The order book on polo's looking better than it has for quite a while, its been >1btc on the buy side for ages and today its up to 1.7 which is alright 

[MoneroMooo]

We have all been talking about an upcoming hard fork that will fix a few minor issues. I am now considering forking off of X11 hashes, and switching to a more light weight hashing algorithm. CrazyLoaf mentioned to me that blake is fairly light.  This would be quite easy to use because it is already in the code. What I would like everyone to do is to weigh in on their favorite algo. Keep in mind that the point is to lighten CPU load (having it hash 11 algo's is stupid for PoS). There is no reason to make hashing difficult, PoS provides the security. If hashing is difficult it adds PoW to a PoS only coin.

The hashing rate could be decreased from 1 per second to, eg, 1 per 10 seconds. This would be an easy way to decrease the CPU usage (assuming it comes mostly from hashing). This would likely increase the variance of staking times though.

Elsewhere, I also read that you'd like to speed up syncing. Old blocks will still have to be verified using the existing method, so any speedup will show gradually as the "new style" blocks increase in proportion to total blocks in the chain. So a change will not mean faster syncing, but merely a lesser increase as times goes.

Last, someone mentioned ASIC friendly. I doubt anyone will stake HYP on an ASIC, so I would not think this to be an interesting property for deciding on a replacement.

In the end I don't really have a theoretical preference for which hash to use. I'd favor a simple one for which good code already is there. And since you said SHA256 is already used for coinstake...

[Smits]

wow...POS difficulty over 9

{
"proof-of-work" : 15.58275963,
"proof-of-stake" : 9.08574752,
"search-interval" : 1
}

some serious staking!

[CartGeezer]

Yes, it really jumped up there for a bit!

[vegasguy]

...and THAT is the way its supposed to be. It forces those that want to stake to create larger blocks and therefore creates more buyers , therefore increasing the price, and lowering inflation.
Very well done devs.

Vegas

[kevink]

wow...POS difficulty over 9

{
"proof-of-work" : 15.58275963,
"proof-of-stake" : 9.08574752,
"search-interval" : 1
}

some serious staking!

Difficulty fluctuates greatly. Yesterday I saw it as low as 1.9. I believe key is to have as many of blocks as possible that are eligible to stake gaining weight on a daily basis. This way you always have blocks that stake on a daily basis. I currently have on average 14 to 18 blocks gaining weight daily and 6 to 8 that stake daily.
 

[Smits]

wow...POS difficulty over 9

{
"proof-of-work" : 15.58275963,
"proof-of-stake" : 9.08574752,
"search-interval" : 1
}

some serious staking!

Difficulty fluctuates greatly. Yesterday I saw it as low as 1.9. I believe key is to have as many of blocks as possible that are eligible to stake gaining weight on a daily basis. This way you always have blocks that stake on a daily basis. I currently have on average 14 to 18 blocks gaining weight daily and 6 to 8 that stake daily.
 

true...just never seen difficulty in that range...

I have about the same number of eligible blocks at any one time, but on average 4-5 that stake per day. May need to tweak the strategy re block size etc.

[David Latapie]

May need to tweak the strategy re block size etc.

Could not have a better timing
I just updated https://bit.ly/hypsize (diff)