Topic: HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive - page 170. (Read 478852 times)

I think that all the different PoS % have distinct advantages and disadvantages.  Eggs should be placed in different baskets, with care.

What would be great would be an ETF type fund that used a basket of PoS coins and moved up and down based on the % it held and how each coin was doing. It would smooth out the ups and downs of individual coins, and help add liquidity as well.

It would require an exchange and min 25-50 btc. It should hold at least 5-10 different coins. It could even pay out a dividend based on the staking.

I would have it hold the following, just some quick picks:

A few low coins like PPC, BC.
A few medium HBN, CAP, NVC.
and some high % like HYP,ORB

.

Some/all of the coins would stake as normal, those would be paid out in dividend to the buyers. The ETF would have to buy/sell coins and raise/lower the price, based on buyer/sellers of the fund and the market of each coin in the basket, respectively.

The staking can be done very securely, in fact the wallet would never have to touch the internet to stake. It would only need a few trusted peers that are on a secure intranet. Those peers(on the intranet and internet) would connect to worldwide peers and the protected peer. The protected peer would only connect to the intranet peers.  

So the protected peer would contain the wallet that would stake, and would never have to be on the internet!  

Anyway just some food for thought.

Found this bug.

If you unlocked the wallet for PoS, and then later locked the wallet. The flag to tell the wallet to relock, upon sending, was not set.

This one line should fix it.
https://github.com/Tranz5/HoboNickels/commit/0b67b4db03783d05f512028d1251c1f930cc1b7a

Thanks for the bug report. Post and address, as I usually pay a bounty for them.

There was never any question that it would be changed. We just had a hypothetical discussion on the benefits of High PoS.

I am glad that Tranz has agreed to stick to the plan set out when the coin was first launched.

Agree. Stick to the plan dev.

Its unfair because people bought into the coin with certain expectations.  Changing the parameters this late in the game, just to chase the next big thing doesn't make sense.

Good points.

It may be the case that those coins increasing their PoS right now will be able to capture the core market for this scheme. Others will copycat later but will miss the boat.

Yes, understand that. PoS is all about wallet function and issues. You have great skill, experience and consistency.

I am not 100% sure which is the best way : Just wondering what exactly would be unfair about changing PoS % ?  Does it not still give a level playing field for every current holder, as well as for the new buyers ?

Definitely not about a quick buck, this.

I fully understand the argument relating to continuity. I have had similar discussions all of this year, in the threads of a dozen or so different coins (which I hold still).

95% of community members don't see the need for higher stake, that's fine.

Even after all that, I am still stubborn enough to believe that ultra-high stake could be the way forward for distribution. A real Ponzi scheme, if you like, but one which could be the only way smaller coins can gain the publicity and recognition of Bitcoin (after all WTH, Bitcoin only got big by speculation for profit : a ponzi sceme in its inflationary stage)

I hope I am wrong, and that the fundamentally good and stable coins will all be 'discovered' and make it to the big time without dodgy gimmicks.

+1 Tranz
HBN is fine as it is, those who are looking for a quick buck (profits) should look elsewhere.

This is an interesting discussion. I just want to set expectations, that I don't plan to change the PoS % now or ever. It would be completely unfair to change the rules in that way, especially considering we are over 1 year old.  I can understand the reasoning why we would want to, but its not in the cards for me here.

Perhaps a bootstrap fork in the future could be done.   

Agreed.

It's a democratic 'vote with your money'.

The result is indicated by a rise in value (but the value is not the end result).

The trend is , so far, with HYP, and has continued for a number of weeks.

I think we all can agree that the HyperStake experiment really develops in an amazing way. Despite of an enormous increase of its money supply there seems to be no end to its rise in price.

But these are only very recent events of a very young coin. With the number of HYP-coins out there doubling every 6 weeks, it can easily go down as fast as it goes up. That's why it's so interesting right now. Just wait and see. And decide whether you feel most comfortable at HBN, CAP, TEK or HYP-levels of POS and if you like, invest or mine accordingly.

When a coin has really high PoS, the activity in the community can focus around staking and acquisition. More coins are held within the wallets, and do not come to exchanges. Therefore prices are maintained by less exchange volume. But the real benefit then is having a big active network.

HBN has 100% PoS already : it has the principle correct, just not the degree. Most communities consider 25% far too much and make the argument about inflation/dumping, but IMO that is a complete fallacy.

More sake % = more coins to dump. You saying its not so much about price but when ppl see the falling prices they dumping coins and moving their money somewhere else...

Of course, yes, and other high PoS coins will benefit as the speculative money flows elsewhere. The coins which position themselves now will be in a good position....but this is not so much about price, it's about network support. I can forsee a possible upsurge in adoption of the coins with highest % stake.

Hyper price after The Peak will fall...My opinion.

Please consider this carefully :


Is it now time to increase the % stake ?


HBN is in the 'High Stake' group, and has reasonable distribution, but needs a lot more trade volume.

Anyone who has been watching Hyperstake in the past 6 weeks will have noted the steadily increasing trade volume, along with price. That is distributing, and strengthening the network.

I believe that other PoS coins will increase their % as this benefit becomes clearer, and HBN should be one of the leaders in this.


I believe high PoS is going to be the 'next boom' and we are in the early stages, but only those coins with really high % will benefit. It will be like a % bidding war, but the upper limits will be determined by trial and error.

This makes sense because the 100's of dying coins out there are all needing network support,and fiat trade is not going to help them individually because of the dilution in the broad market. High PoS will be seen as a driver of activity generally, and therefore a lifeline for the fading (and a boom for the real leaders)

Great! I've installed this version on a couple of machines and they all work perfectly. From version 1.4.0.1 and up it was done without a glitch and in minutes. Coming from 1.4.0.0 worked as well though it took about 24 hours to re-sync. Had to restart on one computer, the other just went all the way without any need for a restart.

I am really happy with the introduced possibility to control the return output of S4C.
Now I am curious to see how the recombining is working out. Got some old small blocks so I need to wait for a bit.
The network monitor is another addition I found myself using more than once.
So many innovations and improvements. I am really impressed.