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

[nioc]

Promotional give away to get you started and because Hyperstake is awesome! (no address spam here please, only PM)

10 x 500 Hyperstake! (9 to go)

Tell me why you love Hyperstake and send me a PM with your Hyperstake address.

Only accounts with activity over 100.

I love hyperstake for two reasons.

The first one is presstab. He's like a beaver squirelling away at it, if you'll forgive the animal mixture. He doesn't hype, or pump and dump, he constantly gets on with the job of making hyperstake better. This is not unique of course, but it is not that frequent around crypto. davidlatapie is also constantly looking for ways to make this coin better in non coding ways. Both are trying to make something interesting rather than focusing on The Price first and foremost.

The second reason is the 750% rate. While I expect many people to maybe get seduced into thinking this 750% will translate to profits by assuming a constant price, the reason why this does it for me is that there is this constant (ok, not so constant) trickle of stakes coming in, and growing your stack. It's just a dumb psychological thing, but it is addictive

[David Latapie]

The first OTC trade had been completed on ##hyperstake-otc.

I usually do not sell at these prices (and even less so with a discount), but it was a longtime, trusted member so I sold OTC escrowless at a discount on an already vile price. I do not regret it because the buyer comitted to continue being a "positive/benevolent actor in the community. Keep the principal, and only sell the staking - but not all of the staking."

Remember that OTC means you won't disturb the market or experience slippage. If you don't trust the other party, use an escrow - you can usually get one for 1% of the transaction in both currencies, so the escrow will get 1% of the HYP and 1% of the BTC, XMR, or whatever is the other currency. Also, remember that nicks can be abused, either because the nick is not registered (you can check that with /msg nickserv info <nick>) or because it had been intentionally mispelled (like davidlatape).

I won't sell again today, so don't read this as public offering. Only as an incentive to try ##hyperstake-otc.

[MoneroMooo]

to get you started

Hmm, you are right.
I'll stand out

[Biomech]

how badly misunderstood Proof of Stake is, especially since it's so frequently compared to interest, which it is not.

I'd love to read more about this, if you can elaborate. I view this as interest too. Is the distinction you are making about "new" coins rather than payment from existing coins from the loanee ?

Sure. I'm real busy right this minute, but a quick overview:

Interest is a cost appended to a loan, as in the lender is repayed the principle and a fee. The fee is interest.

Proof of stake is actually unrelated to this, though the calculation is the same. Proof of Stake is actually an alternate proof of work mining, it is just a different method than hitting the block template with many thousands of attempts at solving an equation.

I'll go into why this matters later.

[David Latapie]

Can you elaborate on how you'd see dumped private key and multisig to work? dumped private key alone won't work but if we can implement multisig, I could propose bigger and bigger loans with time (I don't plan to go above 8k with the present situation).

I might be able to do some of this, if some of the more technical guys can run with my prose and edit for errors. I'll get started on it. POS coins in general fascinate me, both because of their potential and how polarizing they can be and how badly misunderstood Proof of Stake is, especially since it's so frequently compared to interest, which it is not.

It seems that multisig and minting are mutually exclusive https://cryptocointalk.com/topic/6681-signrawtransaction-multisig/#entry57515
On the other hand, Sunny King (Peercoin founder) is working on cold storage minting, which may be an alternative http://www.peercointalk.org/index.php?PHPSESSID=j01vs198k6kq1aiddsf5pl2qn4&topic=2783.0

I'll go into why this matters later.

Please do or even open a page on hyperstake.wikia.com!

Also wanted to note that the 10 coins in single coin blocks are all about a day away from being eligible for stake, for any of you lovely lunatics following the experiment.

Address is pSTdDBKzCH1wqsRTTpkDY8rtAXyFqYwKG4

Give us a screenshot of the present state, highlighting the important parts.

[nioc]

to get you started

Hmm, you are right.
I'll stand out

Sorry didn't mean to single you out as others that responded also are already involved.

The point being that having a few more HYP is not as important as having a few more people with HYP.

[David Latapie]

The point being that having a few more HYP is not as important as having a few more people with HYP.

That. Plus having more volume (natural volume, of course not fake volume).

Giveaways work for you. By giving away some of the coins, you increase the value of all of them, including yours. And the coins you have left are worth more than what you gave away was worth before you gave it away.

[David Latapie]

New rule for HyperLoan (starting from round 3, so starting from now): if you mention the dedicated address, you will have priority. Reason: way more fair if I have everyone's address upon nomination.

And remember that the HYPlionnaire, part deux promotion still runs!

[freedomsr40]

New rule for HyperLoan (starting from round 3, so starting from now): if you mention the dedicated address, you will have priority. Reason: way more fair if I have everyone's address upon nomination.

And remember that the HYPlionnaire, part deux promotion still runs!

you want us to post the dedicated address here on the forum? if so here you are

pGHRz8HRvGz6DzUkY7ZdMjRA67s1CwCx3X

[Cor2]

3. Progressive retaliation. If it is not enough, then we "go nitro". This means using some of BTC accumulated by HyperShield (donation, eaten buy walls...) to buy hashing power at nicehash. The multipool mines like crazy(loaf), much like a car with nitromethane. And I like the imagery more than "steroids"

I like the ideas, only I do not see how adding hash power could help with stopping a dump (someone selling too many coins on an exchange)
but I may be missing something.
Recently another coin suffered from a large dump by Crazyloaf and consequently the price remained half what it was before the dump.
I acquired a big chunk of that dump, so I felt happy to have bought cheap coins but also bad about the continuing low price.
So, I went into the exchange where this happened and strategically placed a buy order at the (still high) remaining sell price to get the
statistics back up to normal price, then I placed a few small buy offers at a much higher price than what was left over after the dump.
I noticed a few others also starting to act and moving their prices up, so in a few steps I placed newer and higher buy offers and got
a few others to follow, so the price ended up double what it was after the dump and stayed there. I did not use much BTC at all to do this,
so it is not required to be a whale to influence price strategically and bring it back to a sustainable level.
I feel that kind of price control might be needed after a dump to control the damage done by the price dump, so maybe you want to add that to the list.

[David Latapie]

Cold storage minting + mobile = BOOM!

Cold storage minting + mobile + social = DOUBLE BOOM!

I finalise HyperShield then I move to HTML5 wallet

I like the ideas, only I do not see how adding hash power could help with stopping a dump (someone selling too many coins on an exchange)
but I may be missing something.

More hash = more buy. It compensates the sell pressure with a buy pressure.

Recently another coin suffered from a large dump by Crazyloaf and consequently the price remained half what it was before the dump.
I acquired a big chunk of that dump, so I felt happy to have bought cheap coins but also bad about the continuing low price.
So, I went into the exchange where this happened and strategically placed a buy order at the (still high) remaining sell price to get the
statistics back up to normal price, then I placed a few small buy offers at a much higher price than what was left over after the dump.
I noticed a few others also starting to act and moving their prices up, so in a few steps I placed newer and higher buy offers and got
a few others to follow, so the price ended up double what it was after the dump and stayed there. I did not use much BTC at all to do this,
so it is not required to be a whale to influence price strategically and bring it back to a sustainable level.
I feel that kind of price control might be needed after a dump to control the damage done by the price dump, so maybe you want to add that to the list.

I believe you did not need much BTC because TEK (this is TEK, right?) has a pathetically low volume. Now that doesn't mean your strategy is not worth interesting. Maybe as a less costy complement to nitro, so an added step to place just before it?

[presstab]

Everyone make sure to setup their miners correctingly on the multipool, i just saw this notice posted there.

Notice: We have noticed some workers using wrong addresses, please refer to the how to page for setting up miners, also please note that we do not support adding diff to worker using + like p2p

[ibuyltc]

Found a sneaky little bug.

https://i.imgur.com/IVfoy98.png

Is a bounty available? I don't have enough HYP!

[mtwelve]

Is merge mining pos possible?

[locohammerhead]

Is merge mining pos possible?

I'm not sure why someone would want to mergemine a PoS coin.

[presstab]

Found a sneaky little bug.

https://i.imgur.com/IVfoy98.png

Is a bounty available? I don't have enough HYP!

Sure send me an address on pm.

fixed https://github.com/presstab/HyperStake/commit/e60e810bdc14c652edb697670b4af1c5bdbb54a9

[mtwelve]

Is merge mining pos possible?

I'm not sure why someone would want to mergemine a PoS coin.

it be innovative, and definitely neat. Also both coins would benefit as stakers would help secure both networks and be rewarded for it.

[presstab]

Check out what El_Kabong made for us 

[billotronic]

Check out what El_Kabong made for us 

man I didnt see the finished one.. and he pumped that out real quick too!

bad ass

[kingpin69]

Check out what El_Kabong made for us 

Nice little GIF right there!