presstab (OP)
Legendary
Offline
Activity: 1330
Merit: 1000
Blockchain Developer
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 08, 2015, 06:18:44 PM |
|
Freshly updated bootstrap updated on OP.
Also I reverted my commits with the thousands separators because they were causing some of the split block tool functions not to work properly, will work more on this later.
|
|
|
|
kevink
Newbie
Offline
Activity: 15
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 08, 2015, 10:53:59 PM |
|
im running 10 to 15 k block size now
Have any started gaining weight and if so how quickly on average are they staking?
|
|
|
|
mafort1469
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2015, 09:10:39 PM |
|
Yes, I have mine set at 8k and they usually stake by day 14. I plan on moving my block size to 10k very soon in order to have greater coin weight and thus hopefully the blocks will stake within 12 days. I'll keep you posted.
|
|
|
|
Hilux74
Legendary
Offline
Activity: 912
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 09, 2015, 09:51:23 PM |
|
I have been having amazing luck with my smaller blocks lately. Many of my 2-3K blocks are staking right away with rewards ~400-600. Conversely, I have a number of 4-6K pushing 30 days. Luck plays its part in POS just like POW.
|
|
|
|
kiklo
Legendary
Offline
Activity: 1092
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 10, 2015, 06:42:38 AM |
|
Question Does the getcheckpoint command work correctly with hyperstake According to your code on github , your last checkpoint is 129999 . But when I run the getcheckpoint command below is what comes up. _____________________________________________________________ Welcome to the HyperStake RPC console. Use up and down arrows to navigate history, and Ctrl-L to clear screen. Type help for an overview of available commands.
getcheckpoint
{ "synccheckpoint" : "000005fe04e512585c3611369c7ce23f130958038c18a462577d002680dab4fc", "height" : 0, "timestamp" : "2014-05-29 02:43:00 UTC" } _________________________________________________________________
Thanks, Kiklo
|
|
|
|
crypto4jan
Legendary
Offline
Activity: 2453
Merit: 1025
Energy coin master
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 10, 2015, 07:08:24 AM |
|
I had a nice stake of 1000 HYP: Status: 266 confirmations, broadcast through 9 nodes Date: 1/10/2015 01:37 From: unknown To: pUpyFwkmiqs4eaZSdNiiRP9VeqZugBsJw8 (own address, label: Crypto4Jan) Credit: 1000.00 HYP Net amount: +1000.00 HYP Transaction ID: 85e1da8f590c6d8e20fe3a1cc98aa5e7823bcaf1008d14e4c4ea095eb8e61c8a But in coin controll there is only 1 new block of 3000.99975 HYP So is that posible that a block not split after stake?
|
e2wwnbU8XBcnZxSfMTwZLS7Ru6LdWHunCu 00000a5ac2dc57cfb0b92bc8be7731fe6a94a8c1c49a0d2f32e9e2da4f7d2308
|
|
|
HunterS
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 10, 2015, 08:36:52 AM |
|
im running 10 to 15 k block size now
Have any started gaining weight and if so how quickly on average are they staking? the first lot just it stake age now. will let you know how long it takes
|
|
|
|
*Sakura*
Legendary
Offline
Activity: 1624
Merit: 1005
I wish you all love and profitable investments!!!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 10, 2015, 09:12:03 AM |
|
I had a nice stake of 1000 HYP: Status: 266 confirmations, broadcast through 9 nodes Date: 1/10/2015 01:37 From: unknown To: pUpyFwkmiqs4eaZSdNiiRP9VeqZugBsJw8 (own address, label: Crypto4Jan) Credit: 1000.00 HYP Net amount: +1000.00 HYP Transaction ID: 85e1da8f590c6d8e20fe3a1cc98aa5e7823bcaf1008d14e4c4ea095eb8e61c8a But in coin controll there is only 1 new block of 3000.99975 HYP So is that posible that a block not split after stake? Yes, it happens sometimes to me. Once in ~20 blocks. I think it's not a big problem. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
|
|
|
presstab (OP)
Legendary
Offline
Activity: 1330
Merit: 1000
Blockchain Developer
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 10, 2015, 04:25:05 PM |
|
Question Does the getcheckpoint command work correctly with hyperstake According to your code on github , your last checkpoint is 129999 . But when I run the getcheckpoint command below is what comes up. _____________________________________________________________ Welcome to the HyperStake RPC console. Use up and down arrows to navigate history, and Ctrl-L to clear screen. Type help for an overview of available commands.
getcheckpoint
{ "synccheckpoint" : "000005fe04e512585c3611369c7ce23f130958038c18a462577d002680dab4fc", "height" : 0, "timestamp" : "2014-05-29 02:43:00 UTC" } _________________________________________________________________
Thanks, Kiklo
Never used this command, but looks like it doesn't work properly. Will dig into this code and check it out.
|
|
|
|
presstab (OP)
Legendary
Offline
Activity: 1330
Merit: 1000
Blockchain Developer
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 10, 2015, 04:26:35 PM |
|
I had a nice stake of 1000 HYP: Status: 266 confirmations, broadcast through 9 nodes Date: 1/10/2015 01:37 From: unknown To: pUpyFwkmiqs4eaZSdNiiRP9VeqZugBsJw8 (own address, label: Crypto4Jan) Credit: 1000.00 HYP Net amount: +1000.00 HYP Transaction ID: 85e1da8f590c6d8e20fe3a1cc98aa5e7823bcaf1008d14e4c4ea095eb8e61c8a But in coin controll there is only 1 new block of 3000.99975 HYP So is that posible that a block not split after stake? Yes, it happens sometimes to me. Once in ~20 blocks. I think it's not a big problem. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If it takes longer than 30 days to stake, it will automatically stay as one block. Also you can tweak you split threshold using RPC commands http://hyperstake.wikia.com/wiki/FAQ#What_is_setstakesplitthreshold_and_how_to_use_it.3F
|
|
|
|
nioc
Legendary
Offline
Activity: 1624
Merit: 1008
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 10, 2015, 09:24:50 PM |
|
09:46:28  setstakesplitthreshold 3000
09:46:28  { "split stake threshold set to " : 3000, "saved to wallet.dat " : "true" }
I copied the above from the Debug/Console window. I had restarted the wallet at least once since the time I originally initiated the setstakesplitthreshold. A block of ~5600>5700 just split.
|
|
|
|
SirClive
Newbie
Offline
Activity: 2
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/smiley.gif) |
January 11, 2015, 01:04:39 AM Last edit: January 11, 2015, 02:12:59 AM by SirClive |
|
I'm relatively new in the HyperStake community but a couple of nice gestures (tips, knowledge) and thoughts from some people here motivated me to dedicate a bit of time thinking on how to improve just a bit this great coin. Sorry for the orthographical mistakes as im not a native speaker. Here are some of this philanthropic thoughts: Promote new usages and creativeness. Be there and be kind, people want human contacts, we are not machine ... Dedramatise involvement; "fun" means "don't be afraid of trying".
New uses of staking The combination of very high interest rate, pretty quick min age (8.8 days) and focus on experimentation paves the way to new uses of staking, beyond "I hoard and I get rich" (look at what is going in real estate with such a mentality).
With some extra coding yet to be scheduled, (namely, timed sending for, say "I stake for my friend for 30 days then he is on his own and I stake for another friend"), this could become a very effective way to spread the "HYP love".
Especially taking into account that there is some ideology in HyperStake movement, that starts to emerge. Interesting. Now that you are saying it, it is quite true. I have some opinion, but could you try to summarize this ideology? The basic (raw) idea is in this. We create a new paradigm of social protection. We redistribute money from rich to more sensitive social stratas... Let's talk about this last one, I think without an ideology, people can move headless, and counting with one, people can do great things beyond their personal interest protecting ones each others. I'm not talking about politics here. I consider myself apolitical sometimes. Cryptocurrencies where created (maybe) towards equality, independency and liberty. Thats why I thought about a fancy but friendly ideology for our coin. While this is just the seed of a bunch of practical ideas, they may not became accepted or possible to code, but Im counting on you guys, devs and community, to be open minded when reading and think about what is good for the future. HyperIdeology: “a new paradigm of social and coin protection, as an equalitarian redistribution of profit posibility through time on a high POS cryptocurrency”
This way I pledge into the effort of DavidLattapie and people like Kushed to solve several economical/technical issues: HyperShieldThe HyperShield initiative is oriented toward protecting the coin. The rationale is that faucet and giveways encourage people to care for HyperStake even if they don't have much.[/li] [li]To maintain intentionally small blocks devoted to security only, since they will take a lot of time to stake.[/li] [li]Using the HyperSend feature to increase adoption and encourage liquidity (Poloniex already gave his agreement for "staking to exchange")[/li] [li]A buying bot for market making, further increasing liquidity, which is a plague of high interest securities.[/li] [li]Hopefully we’ll find way to ensure a better distribution of coins too. I did not run the maths about coin distribution, but we should do our best to have a better distribution. Concentration leads to the demise of a coin (one could argue this is the problem now with fiat graph, video, by the way). Speaking of that, I’d like to have something similar to a Gini index but for HYP and others, to compare - but since every one can have multiple wallet, that makes it difficult a discussion on this.[/li] [/list] With great power comes great responsabilitiesLook at the richlist. The biggest whales (presstab, waxo, me, crazyloaf) have 6% of the coins. We know each other well and we have an ethic and we won’t sell like this and the community trust us. But this doesn’t suffice. The same way a coin shall not be on medical assistance, it should not depend on the good will on whales. A peculiarity of PoS is that the biggest holders are generally also the biggest “miners”. As someone pointed it on reddit. HyperBank would itself kill several birds with one stone. It would partially address the problem of “too big to stake” that I mentionned on the first section of this post and would help unwealthy adopters to step in - as well as, as a part of the HyperShield initiative, help securing HyperStake by increasing visibility, hence volume. It is the combination of four ideas: - HyperBank proper (cycoinminer, iantunc and Cor2)
- HyperLoan (cycoinminer)
... [/list] HyperLoanThis is cycoinminer’s idea, before HyperBank was even considered and I felt it would fit nicely in HyperBank. The HyperLoan Experiment Here a HyperStake, we’re looking to build community participation amongst our followers, so we’ve put together an opportunity for people to take part in what we’re calling the HyperLoan Experiment. We’re offering to Loan one member of the community, 10,000 HYP, for the duration of 1 staking period (approximately 10-14 days) Once the HYP has staked, we ask that you return the initial 10,000 HYP to us – YOU keep the interest! What’s the catch? Well, to be eligible, there are a few things you’ll need to do for us. We’d like you to at least do 2 or more of the following: 1. Like the HyperStake Facebook page, and share it with your friends https://www.facebook.com/hyperstake2. Come up with 5 HYP slogans, and periodically write them on Poloniex TrollBox for example: “HYP – it’s hotter than my girlfriend”..... 3. Help re-tweet the Twitter page https://twitter.com/HyperStake4. Actively visit and contribute to the IRC page - http://webchat.freenode.net/?channels=##hyperstakeWe’ll also have specific promotions we’d like you, the community, to help us with over the coming weeks. The HyperLoan Experiment is based totally on TRUST between followers. We’re well aware that one rogue member could walk away with the 10k HYP and never be seen again, but we’re hoping that won’t happen. To that extent, we’ll also have a “Wall of Fame” on the ANN showing which members have successfully taken part in the HyperLoan Experiment! Or locohammerhead when he worries about new people or about wealth: <locohammerhead> question and this is just speculation. IF we hit 1 USD/HYP and it takes 1,500 HYP at least to stake how are we going to get new people into the coin?
I think this would help keep whales from dumping because of consistent competition from the people with lower balances. I think that could help stem the balance of power. One problem I can see arising from this is people owning multiple wallets with balances of 30K. A VM could be setup to run multiple wallet instances at the expense of system resources.
Thinking on killing several birds with one stone I thought one way to solve a lot of problems: 2 coin-patches that pledge with this HyperIdeology and so with HyperShield. They can be inacurate, unfinished ideas but I count on all of you to perfect them if needed: HyperLoan, a wallet feature to make protected loans: Replace potencially risky and nonproductive faucets,givaways, and old fashion (risky) loans, all probably inherited from capitalism as patches to attempt egalitarianism, by basic protected loan transactions (loan contract + cash in exchange of some work), a new posibility emerging directly from cryptocurrency technology where property control is never fully given, the owner of the money never lose ownership.
Loan transactions are only usable for staking purposes, and their ammount remain blocked (by network) on third party wallets prohibiting any other kind of use (sending it) while contract is active. By contract the borrower earns a custom fee after succesfully using that loan as a stake, and once the contract is over, the loan ammount plus the sustancial gain returns to the loaner. (technically a trigger based on time and proffit ammount).
Loaner always remain as the owner of the loan, he has control. Borrower just remain being owner of a temporal staking potencial that worth investment. No hall of shame needed, no one can steal the loans, money remain network-blocked and returns in case of contract violation and maybe also at loaner's will.
Protected Loan is a basic technology that opens endless posibilities. May be implemented based on Multisend and Trigger technologies: loan(borrower_address, ammount, expire_date, gain_limit, [return_address1,return_fee1]...[return_addressN,return_feeN])
Protected Loans may have multiple implementations, but what must be taken care of is incentivating the new/poor holder. For example by implementing a AutoAcceptLoanProposals feature turned on, forcing wallets to be 24/7 online, we can encourage people to stand by “onlinenely” in order to catch new loan contracts otherwise they can expire to grant some confidency to loaners wanting their money to work for them as much time as possible. I thought on this because of Matylda, the tip bot. I started staking being unable of depositing money because of a tricky bitcoin service that retain my stake-intended money for days and because I have not much money at all, so I used ##HyperStake IRC channel to earn my very first coins and knowledge. I'ts a bit sad but is fair. All what the new ones can offer to the coin is participation, involvement, time, work. I'll talk about this important point soon on the text.
Protective measures should be taken care of, such as refusing manually or automatically to sign (agree) Loan contract requests to prevent some kind of economical attacks or invasive loans agains borrowers.
Renting the staking potencial: Think about this 2 patches I propose here:
Protected Loan Contracts plus locohammerhead's idea of degrading interest rate according to balance. An inmediate posibility derived from this two feature proposal appears: Renting the staking potencial.
Rich people in order to increase unlimitedly their wealth can be wisely pushed (via degrading interest rate, limited staking potencial), in exchange of a minimal fee (rent fee), to help poor/new people do their first stakes using their fresh new network participation (high staking potencial) as a stake investment protected natively by the network (protected loans).
In other words, in order to became much richier by staking, rich people could just securely “rent” poor wallets at a low fee to keep making profit at high interest rates, otherwise their stakes lose profitability.
But if you are rich or plan to be it you shouldn't be worried because there are several ways to guarrantee you will keep earning money at high interest rates, maybe not as purely as current staking posibilities but almost at the same rate while protecting the coin: HyperPools, redefined.
HyperPools, redefined:
Direct loan from A wallet to B wallet is the atom, the native implementation, I think we can be pioneers on this. But for rich getting richier to administrate many direct loans will not be posible, or helpfull, so there is where appears a new financial entity, the molecule: HyperPools, a huge borrower entity in a form of a pool of trustable re-borrowers.
To protect loaners from bad (non profitable) borrowers, financial entities namely HyperPools, should appear as pools filtering bad from well behaving borrowers with nice staking records. (masive loaning administrated by a financial entitiy).
Also, a centralized (or maybe not, I preffer allways not towards equality of posibilities and coin confidence) borrower index embeded on wallet would be the perfect implementation to automate the process of finding good borrowers while keeping the posibility of rich to do solo-staking without sending money to other entities/servicies.
Incentive to gain visivility: All new users join high-POS cryptocurrencies willing to stake. All of them can't stake because of the logicall empty startup and new inversion distrust. While this was fair and logical it's neither productive, educational or marketing-positive. Most services offer trials to new users in order to let them taste the product before buying.
Incentive at zero cost as visibility strategy campaign, that only demands joining to the network and participating (wallets unlocked for stake ) in exchange of profit, educational experience and network grow it's what I propose. Educational staking experience at zero risk for new holders, children, and even real poor people using fiat currencies. (HyperIdeology)
Equalitarian redistribution of posibilities: Shortening the gap between rich and poor in a moral and communitarian way not limitting the rich capacity to became richier. [equalitarian redistribution of profit posibilities] (HyperIdeology)
Out of the box incentive: Expands the network exponentially via incentive, at zero risk for joining. Viraly increasing currency holders with incentives provided nearly out of the box (solo loaning or masive loaning administrated by a financial entitiy).
Redefining Entities: Redefining central financial entities functions and demonopolizing them to provide a more confident/autonomous network. If we want a “To the moon and much beyond” network, it's health must relay mostly over the code, not over the good will of our community. (HyperShield)
Volume allocation redistribution: Redistribution of currency volume across the network to prevent few wallets holding majority of the volume will be a possible because degrading stake interest rate of rich people, pushes them to continue staking but now on 3rd party wallets (because lack of staking potencial reached) using the protected loan system. If we want a “To the moon and much beyond” network, it's health should relay mostly over the code posibilities, not over the good will of the community. (HyperShield)
Community awareness driven by entities as last resort: Posibility of alt-powered staking for richs in order to bypass limited staking potencial per wallet/address may occur (at a consecuent hardware/complexity cost) without giving the network a fair chance of prosperity/protection. As an attempt on avoiding this selfish behaviour, financial entities providing high profit without loaning to third party wallets may appear, and in that case they can give loans to poor people independently of the client decission , in order to restore some health. Community awareness on entitie's hands. (HyperShield)
Rich affecting the poor has been talked, also poor massibly refussing loan contracts in some sort of revolt may took place(oh what a crazy future), in that case they will stake by their own means, as current system works, and became affected with less gain, lose of incentive, lose confidence at loaners eyes while rich ones may subsist as clients of multi alt powerered staking entities, once again community awareness on entitie's hands would be necesary to gain some health.
|
|
|
|
mtwelve
Legendary
Offline
Activity: 1330
Merit: 1009
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 03:32:21 AM |
|
Difficulty (on 1.0.73) shows that its like 3.6, but network weight 4 billion or whatever it is. Is my wallet malfunctioning, or whats going on?
|
|
|
|
eprocent
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 04:07:44 AM |
|
Difficulty (on 1.0.73) shows that its like 3.6, but network weight 4 billion or whatever it is. Is my wallet malfunctioning, or whats going on?
Something happens but I think the better. I notice that there are 25 active connections. Before there were somewhere to 8 connections. Another observation is that it quickly staking or is it just a surreal feedback? Sorry for my poor english
|
|
|
|
kawa900jc
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 09:32:20 AM |
|
I had a nice stake of 1000 HYP: Status: 266 confirmations, broadcast through 9 nodes Date: 1/10/2015 01:37 From: unknown To: pUpyFwkmiqs4eaZSdNiiRP9VeqZugBsJw8 (own address, label: Crypto4Jan) Credit: 1000.00 HYP Net amount: +1000.00 HYP Transaction ID: 85e1da8f590c6d8e20fe3a1cc98aa5e7823bcaf1008d14e4c4ea095eb8e61c8a But in coin controll there is only 1 new block of 3000.99975 HYP So is that posible that a block not split after stake? Yes, it happens sometimes to me. Once in ~20 blocks. I think it's not a big problem. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) If it takes longer than 30 days to stake, it will automatically stay as one block. Also you can tweak you split threshold using RPC commands http://hyperstake.wikia.com/wiki/FAQ#What_is_setstakesplitthreshold_and_how_to_use_it.3FThanks! I think I go setup the threshold @2500-4000 HYP. Yesterday 3times 1000 HYP stake! Another thought: What if we burn HYP? Then we go back in time and small wallets stake faster? The exchange rate goes up because market cap is lower? I have a great idea how we can compensate for burning HYP. PM me.
|
|
|
|
iantunc
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 433
Merit: 250
We are the first to program your future (c)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 01:56:04 PM |
|
Another thought: What if we burn HYP? Then we go back in time and small wallets stake faster? The exchange rate goes up because market cap is lower? I have a great idea how we can compensate for burning HYP. PM me.
This coin is designed to have big supply (restrained by inflation control), it's not an issue we should fight with. First of all, there is no guarantee that the price will skyrocket after burning (which can cause a potential security threat). But even if it does, the coin will soon regain the supply to today's level, so the price will decline again leaving new investors with massive loses. There is no difference between 1 coin @ 1000 sat and 1000 coins @ 1 sat except of the fact that in the latter example the price has reached it's absolute floor and won't drop further. We can't burn coins again and again to start from initial 2% per day when the difficulty rises substantially, it looks like cheating. There always will exist small wallets, and the whole coin ecosystem shouldn't adjust itself to them sacrificing some important things.
|
|
|
|
presstab (OP)
Legendary
Offline
Activity: 1330
Merit: 1000
Blockchain Developer
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 06:24:49 PM |
|
HyperLoan, a wallet feature to make protected loans: Replace potencially risky and nonproductive faucets,givaways, and old fashion (risky) loans, all probably inherited from capitalism as patches to attempt egalitarianism, by basic protected loan transactions (loan contract + cash in exchange of some work), a new posibility emerging directly from cryptocurrency technology where property control is never fully given, the owner of the money never lose ownership.
Loan transactions are only usable for staking purposes, and their ammount remain blocked (by network) on third party wallets prohibiting any other kind of use (sending it) while contract is active. By contract the borrower earns a custom fee after succesfully using that loan as a stake, and once the contract is over, the loan ammount plus the sustancial gain returns to the loaner. (technically a trigger based on time and proffit ammount).
Loaner always remain as the owner of the loan, he has control. Borrower just remain being owner of a temporal staking potencial that worth investment. No hall of shame needed, no one can steal the loans, money remain network-blocked and returns in case of contract violation and maybe also at loaner's will.
Protected Loan is a basic technology that opens endless posibilities. May be implemented based on Multisend and Trigger technologies: loan(borrower_address, ammount, expire_date, gain_limit, [return_address1,return_fee1]...[return_addressN,return_feeN])
Protected Loans may have multiple implementations, but what must be taken care of is incentivating the new/poor holder. For example by implementing a AutoAcceptLoanProposals feature turned on, forcing wallets to be 24/7 online, we can encourage people to stand by “onlinenely” in order to catch new loan contracts otherwise they can expire to grant some confidency to loaners wanting their money to work for them as much time as possible. I thought on this because of Matylda, the tip bot. I started staking being unable of depositing money because of a tricky bitcoin service that retain my stake-intended money for days and because I have not much money at all, so I used ##HyperStake IRC channel to earn my very first coins and knowledge. I'ts a bit sad but is fair. All what the new ones can offer to the coin is participation, involvement, time, work. I'll talk about this important point soon on the text.
Protective measures should be taken care of, such as refusing manually or automatically to sign (agree) Loan contract requests to prevent some kind of economical attacks or invasive loans agains borrowers.
This is an interesting idea. Would require forking the coin and some well thought out code. Possible to borrow and modify the cold storage staking that will be released on PPC in the near future. Renting the staking potencial: Think about this 2 patches I propose here:
Protected Loan Contracts plus locohammerhead's idea of degrading interest rate according to balance. An inmediate posibility derived from this two feature proposal appears: Renting the staking potencial.
Rich people in order to increase unlimitedly their wealth can be wisely pushed (via degrading interest rate, limited staking potencial), in exchange of a minimal fee (rent fee), to help poor/new people do their first stakes using their fresh new network participation (high staking potencial) as a stake investment protected natively by the network (protected loans).
In other words, in order to became much richier by staking, rich people could just securely “rent” poor wallets at a low fee to keep making profit at high interest rates, otherwise their stakes lose profitability.
But if you are rich or plan to be it you shouldn't be worried because there are several ways to guarrantee you will keep earning money at high interest rates, maybe not as purely as current staking posibilities but almost at the same rate while protecting the coin: HyperPools, redefined.
There is no way to categorize people by wealth. One person != one address. I have most of my holding in two addresses, but could split between 5,000 addresses if I really wanted to in order to avoid this type of wealth discrimination. HyperPools, redefined:
Direct loan from A wallet to B wallet is the atom, the native implementation, I think we can be pioneers on this. But for rich getting richier to administrate many direct loans will not be posible, or helpfull, so there is where appears a new financial entity, the molecule: HyperPools, a huge borrower entity in a form of a pool of trustable re-borrowers. To protect loaners from bad (non profitable) borrowers, financial entities namely HyperPools, should appear as pools filtering bad from well behaving borrowers with nice staking records. (masive loaning administrated by a financial entitiy). Also, a centralized (or maybe not, I preffer allways not towards equality of posibilities and coin confidence) borrower index embeded on wallet would be the perfect implementation to automate the process of finding good borrowers while keeping the posibility of rich to do solo-staking without sending money to other entities/servicies. Incentive to gain visivility: All new users join high-POS cryptocurrencies willing to stake. All of them can't stake because of the logicall empty startup and new inversion distrust. While this was fair and logical it's neither productive, educational or marketing-positive. Most services offer trials to new users in order to let them taste the product before buying. Incentive at zero cost as visibility strategy campaign, that only demands joining to the network and participating (wallets unlocked for stake ) in exchange of profit, educational experience and network grow it's what I propose. Educational staking experience at zero risk for new holders, children, and even real poor people using fiat currencies. ( HyperIdeology) Equalitarian redistribution of posibilities:
Shortening the gap between rich and poor in a moral and communitarian way not limitting the rich capacity to became richier. [equalitarian redistribution of profit posibilities] ( HyperIdeology) Out of the box incentive:
Expands the network exponentially via incentive, at zero risk for joining. Viraly increasing currency holders with incentives provided nearly out of the box (solo loaning or masive loaning administrated by a financial entitiy). Redefining Entities:
Redefining central financial entities functions and demonopolizing them to provide a more confident/autonomous network. If we want a “To the moon and much beyond” network, it's health must relay mostly over the code, not over the good will of our community. ( HyperShield) Volume allocation redistribution:
Redistribution of currency volume across the network to prevent few wallets holding majority of the volume will be a possible because degrading stake interest rate of rich people, pushes them to continue staking but now on 3rd party wallets (because lack of staking potencial reached) using the protected loan system. If we want a “To the moon and much beyond” network, it's health should relay mostly over the code posibilities, not over the good will of the community. ( HyperShield) This would have to be something voluntary. To force redistribution would probably kill the coin, and goes against the very principal of crypto-currency, where you have ultimate and undisturbed control over your holdings. Obviously I am the largest holder. I have attained a lot of my holdings by staking, but also grabbed a lot of coins off the market. I have purchased over 100k in the last week. Should I be penalized for that? I don't think so. But I do enjoy voluntarily sharing my coins (mostly through tipbot rain) and am open to new voluntary ways to share coins. Community awareness driven by entities as last resort:
Posibility of alt-powered staking for richs in order to bypass limited staking potencial per wallet/address may occur (at a consecuent hardware/complexity cost) without giving the network a fair chance of prosperity/protection. As an attempt on avoiding this selfish behaviour, financial entities providing high profit without loaning to third party wallets may appear, and in that case they can give loans to poor people independently of the client decission , in order to restore some health. Community awareness on entitie's hands. ( HyperShield) Make sure you aren't mixed up. There is no limit for staking per wallet. The stake limit is per stake, not per wallet. Rich affecting the poor has been talked, also poor massibly refussing loan contracts in some sort of revolt may took place(oh what a crazy future), in that case they will stake by their own means, as current system works, and became affected with less gain, lose of incentive, lose confidence at loaners eyes while rich ones may subsist as clients of multi alt powerered staking entities, once again community awareness on entitie's hands would be necesary to gain some health.[/color]
Overall I like a lot of your ideas, and the thought behind them. My opinion is that we should try to keep the coin as close to the original design as possible, only adding new code to fork the coin where we absolutely need to. I am all about voluntary actions rather than forced actions that are enforced through the network (which is actually a nightmare to code too).
|
|
|
|
presstab (OP)
Legendary
Offline
Activity: 1330
Merit: 1000
Blockchain Developer
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 06:26:15 PM |
|
Difficulty (on 1.0.73) shows that its like 3.6, but network weight 4 billion or whatever it is. Is my wallet malfunctioning, or whats going on?
Double check that your wallet matches the block explorer and that you aren't off on a fork. There aren't any forking problems that I know of, but if your difficulty seems unusual then check it out.
|
|
|
|
mtwelve
Legendary
Offline
Activity: 1330
Merit: 1009
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 11, 2015, 11:57:44 PM |
|
Difficulty (on 1.0.73) shows that its like 3.6, but network weight 4 billion or whatever it is. Is my wallet malfunctioning, or whats going on?
Double check that your wallet matches the block explorer and that you aren't off on a fork. There aren't any forking problems that I know of, but if your difficulty seems unusual then check it out. I checked/repaired wallet, and I don't think I'm off blockchain, difficulty is 8.6 as of now. How do I go about to check that the wallet matches the block explorer just in case?
|
|
|
|
nioc
Legendary
Offline
Activity: 1624
Merit: 1008
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
January 12, 2015, 02:01:40 AM |
|
I also noticed recently that the diff was down to 3 to 4 for a short while recently, I believe a couple of days ago.
Is the diff history recorded somewhere?
|
|
|
|
|