Topic: HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive - page 196. (Read 478852 times)

Wow HBN is sure took a beating this month.  Beating might not be the right word...decimation perhaps?  It's a shame because the coin itself, and especially the wallet, are great.

I'm beginning to think maybe the PoS rewards might be too high though. Anyone else?  I think it is so high that it will just inflate the coin lower and lower, unless a) bitcoin usd/btc price nose dives  or b) a huge expansion of the number of places you can spend HBN on products happens. 

PoS rewards cost next to 0 energy to make, so basically, users get 'free coins' after investing. Because there is no cost (in power ) to produce the coins though, and nowhere (hardly) to spend them on any products, the only real option is to trade HBN for BTC. So there is a huge downward pressure on the price, that so far, has only been avoided by newcomers & investors coming to the coin to buy initial staking amounts. But in real basic terms there is more pressure to sell then there are buyers. I'm pro HBN and pro PoS but do now think if the PoS rate of return is too high, it will be detrimental to the price, not beneficial. I think half the rate PoS from what HBN has would be better.

I'm rooting for this coin and holding lots still, but sure is tough for [any] alts when there are now over 250 (or whatever, didn't check) coins out there. Maybe a team member whose role is just promoting HBN could have a big impact... I always think of Doge: the coin itself was nothing special at all, one of a hundred, but it took off with such great advertising and community growth.

Whatever the case may be, good job Tranz, the wallet is awesome.

I do apologize for locking the journal. But I was being threatened by some trolls that they were going to spam the thread. I didn't want them to bring any negativity to my journal or to HBN so I decided to lock it. Also, the Hypercoin guys were using my thread to pump HYPER so that was also another reason why I shut it down, for now.

I might unlock it and do some monthly updates, but I will not leave it open for questions or discussion, as trolls might use that opportunity to spam the thread.

It is unfortunate it has come to that, but that is where I find myself now. I am still invested in HBN and it has allowed me to expand my investments into other coins, while still supporting HBN. It has been a very useful financial tool for me to generate ROI and it will continue to be one of my main altcoin holdings.

Version 1.5 is now being started. Please see this thread at CCT for updates as they happen. I expect a few months dev, q/a time, and relased in Q3 '14

If you have any comments feel free to post here or in the offical 1.5 thread.

https://cryptocointalk.com/topic/13199-preparing-hbn-v15/?p=110260

Thanks!

It's too bad Tokyo locked his investment thread. That was a cool read. I think it helped maintain value as well since it kept HBN in the lime light a bit.

The current price is pretty sweet for buying. I shut all my miners off due to summer and am just waiting for my Gawminer Falcon to get here to fire up and build some btc to buy more hbn.

I got another one.... but it'll tax you...

How about a maximise button on the coin control window?
I finally got fed up stretching it

I think that would make a bit more sense and be a safer method.

Yes this comes under my "is it sensible and or open to abuse" concerns.
Looking deeper I see that Blockchain.info offer a public note function on their wallets which at one point was included on the blockchain but has since been changed (due to concerns of blockchain bloat) it now resides on their own databases and linked back to transactions.

My first thoughts were to limit the text ala twitter or have some kind of elevated wallet for trusted publishers.
Trusted publisher might be the way to go for simple coin related headlines and community communications.
I'd imagine any future android app would be more focused on community aspects and quick transactions than staking so there is the "on the go" vibe to consider.

To widen it to all coin holders would need something like
A twitter account (first that came to mind) and modifying the block explorers and client to cross reference the transaction IDs
A wllaet function that allows "submission pending approval" for linked tweet to your POS block
Needs some over sight to screen inevitable junk.

It's possible this could be a route to make the free text public outside the need for a client or block explorer, you know, so HBN can show off a bit to everyone and boost cryto awareness, downloading of the client and start staking.

Anyway I'm just talking off the top of my head. I think there is something in there but it needs working out.

central caverns facebook page updated   please mine your Hobonickels with us
Website|http://www.centralcavern.uk
NOMP|http://eu.centralcavern.uk:8080
Facebook|https://www.facebook.com/coincount?ref=tn_tnmn
Forum Thread|https://bitcointalksearch.org/topic/m.7661479
Bottlecaps|http://cap.centralcavern.uk/index.php?page=dashboard
HoboNickels|http://hbn.centralcavern.uk/index.php?page=dashboard
BTC P2Pool (Amsterdam)|http://eu.centralcavern.uk:9332/static/
VTC P2Pool (Amsterdam)|http://eu.centralcavern.uk:9171

One thing I can think of that makes text in blockchain not as interesting, actually rofo told me about this risk, what if an enemy of the coin inserts something like how to make a bomb or something that could grab the attention of law enforcement?  Something to consider.

Tranz is very competent . An expansion of the user base and visibility in any coin always leads to great demands and pressures on the dev. (and not just from coding work). I would always favour low-key development and fine tuning of technicals, until there is a big team on the coding and promotion side.

The coin facts do signify that the community is stable. I believe we are approaching a low, so any new bloods to HBN like me should keep buying them up! Mine away too. Tranz is one of the best devs I've seen in my short time here and it's been proven this coin isn't going anywhere.

good to mine now and sell asap

mining 

For all my strengths graphic design is not really among them, although I haven't given it a lot of time to develop.  So I might need some help from the community on this aspect.

So I have considered adding messaging to the client and block chain. I do like your ideas. So I might begin to consider it more seriously. The only thing that is really holding me back is I am not sure if this type of thing would really bloat the block chain, it may also require a hard fork, so I would have to keep both of those in mind before we moved down that road.

The S4C will make it fully into the gui, and may also have some charities of choice hard coded as well.

Great ideas, keep them coming.

I agree. The multi-wallet is already a strong selling point (I use HBN for people who know nothing about bitcoin and want to get in and prefer their money not to sleep because I can use the multiwallet for this).

Update:HBN is number 4 on allcoin's voting list! 5 days left to go for HBN on allcoins, we can make it. https://www.allcoin.com/vote/#HBN

A GUI which gets further away from the look of the generic cryptocurrency wallet. Custom coloring and design , friendly and easy aesthetics, maybe an option to incorporate a name screen ( 'Welcome back Tranz' etc, and avatar). I know this will take a bit of design skill, but it will be a strong driver in:

A. Distinguishing HBN from other coins.

B. Encouraging adoption and network support. The right GUI can persuade users to open the wallet more frequently and say to their friends 'Hey, look at this'

^ yeah after the manic bubble UP and the usual worries & FUD on the return slope I think somewhere between here and 20k should be about normal
I was surprised to see HBN fall through 10k sats but then the recent recovery (post CAP fork) as interest swings and people see cheap coin on the books.

Also another thought on update.

Would it be possible? - not sure about sensible and open to abuse -

To allow a text field allowing free text to be added to the blockchain when you POS a block.

I'm thinking in terms of the future charity activities and community info to be immortalised such as
"The red cross adopts HBN today" and
"$x donated by HBN users to xxx"
Major funding activities and disaster funds could be highlighted in the client as well a s a future "This day in Hobo History" field sourced and serviced by this free text function...

Also giving particular addresses functionality as in a certified charity address/wallet could should be able to do things a standard wallet/address can't

True that.  I still remember a time when I was close to the only person on the order book. The price holding at a nickel is great IMO.

I can send alerts to both clients. But I try to save those for emergencies. If we did roll back a 2nd time yesterday that would have happened. But it was caught and corrected before that.

But I do get what you are saying. I will keep it in mind for 1.5.

Thanks!