Topic: [HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet - page 134. (Read 679332 times)

Nice post mmflore!  I like the marketing and advertising part and aspects of unifying crytocurrencies.  I still thinking a bit about Bankcoin, I'm not quite sure about what the implications are of making the system focus more on hoarding and I'm not sure about implementation issues.

I just wrote a post on my blog about creating a nest egg which seems to pertain a bit to your comment. It is my way of trying to market and support things.  If you guys want you can give it a read here:  
PoS Nest Egg

I believe in order to help crypto-currencies be successful they must become main stream and become part of the culture worldwide. By increasing participation the value of all coins will increase which will then make each coin more fluid.

Three step plan for increasing participation.

1. Increase marketing and advertising. This is obvious and as bitcoin becomes more main stream hopefully all the other coins can join in and increase in value and participation.

2. Link the altcoins directly to bitcoin and unify the crptocurrencies.
There are two ways to link to bitcoin and unify the cryptocurrencies. This is what I call the Unified Theory of Cryptocurrency.


Cryptocurrency Unification

1. Create a web interface control that can be placed on a merchants website. This control should be created to use any of the most popular coins for purchasing goods and services. This universal coin purchasing control will allow merchandise to be purchased with your favorite cryptocoin. Perhaps something like this exists, I do not know. Each cryptocoin should have this as a standard tool for merchants to use.

2. Finally the idea that really binds the coins together. The creation of a new coin which encourages people to buy groups of altcoins. The name of this coin is "Bankcoin".  The idea of Bankcoin is simple and straightforward. Its starting value should be at least 1 dollar USD. Bank coin is a POS coin that generates interest based on how much other coin you have inside the Bankcoin wallet system. There are two possible ways to store coins in the Bankcoin wallet.

Have the Bankcoin wallet sync to the other wallets or build in multiple other altcoin wallets into the Bankcoin wallet. Once the sync is complete the Bankcoin pays interest of 1 or more Bankcoins based on a preset amount of the other coins that are being stored in the other wallets. The POS system can be setup in a similar fashion to to other POS coins except that a person is earning Bankcoins based on the weighted holdings of a group of 5 coins. This can simply be referred to as the "Coinset". Various coinsets can be used where you have 1 wallet for 1 coinset. For example a sha256 set of coins like Bitcoin, Digitalcoin, Peercoin, Zetacoin, Tekcoin. This will make it possible for people to earn interest for holding coins that are not POS and you will be able to earn double interest on coins that are already POS. If the programmer decides to use option one where Bankcoin syncs to and derives stats from the other preexisting wallets this will be much easier to implement. There can also be a scrypt coinset or a POS only set of coins. The user could download whichever set of coins that he or she already have a lot of.

Now there are of course many details concerning how to implement the staking system rules. This can be developed and refined by the developers who take on the task of implementing the coin.

Possible ramifications
The value of the Bankcoin should be high because of the resources that are tied up in the other wallets that are part of the Bankcoin system set. This idea establishes a coin that is backed by other coins. This coin does what no other coin does . it can pay interest on coins that are not POS. This will create a hoarding effect for coins that are normally just generated and sold. This will drive the prices of those coins up and tend to stabilize their prices. Bankcoin will add increased value to POS coins by allowing users to earn even more interest on POS coins. All coins are helped by Bankcoin as now the people have their own banks in which to increase their gains and establish an additional revenue stream. It is also possible that Bankcoin could establish itself as a top 3 tier coin possibly even at some point surpassing bitcoin in popularity. There is no longer a need for expensive mining machines. Simply buy your favorite coins and earn interest.

This is the basic idea feel free comment and enjoy add some features if you like, hopefully someday someone will create Bankcoin.

lol. I'm ashamed. I want to say something to try and out nerd you but for the life of me I can't think of anything. You win this round sir....


there are a gazzzzillion fo sho and some of the worst concentrations are in the docs.


ian kicked a metric shit ton of ass while you were gone. An auto bootstrap server is outstanding!

Yeah there is some ugly PPC code leftover in the wallet that triggers this warning if you havent gotten a checkpoint from a checkpoint server in over 365 days. Doesn't affect your wallet and staking, but is annoying.

The latest build will get rid of this error https://github.com/hyperstake/HyperStake/releases/tag/1.1.1.2

i have blockchain is too old notify developers.  Been out of touch on things for awhile, so apologies, is there a fix for this?

--o

Wow this is awesome!! Didnt see this until now. Adding to the OP

Thought I'd mention it since I follow the HYP code quite a bit, I've pulled a lot of it for PayCon. I generally don't have a ton of cash but appreciate being able to adapt features as I learn and play with code so I even paid presstab a couple times for some help and give credit where I can.

Yeah, I was aware of that Press has slowly culled them, it was a lot more early on. We still occasionally conflict on p2p and rpc ports too. The development of the two coins has diverged significantly. I'm in to both, though at current my highest holding in any coins is GMC, followed very closely by HyperStake. I had a fair stash of TEK, but I managed to kill my backup drive AND my main drive. Might be able to recover that, might not. I never had a lot of TRK, which was also lost in that debacle. Also HBN.

Y'all take a lesson from this. I failed to practice what I preach, a mistake I won't make again. Make regular backups of your wallet.dat file, and make 'em to CD or other permanent media. In USD terms, I probably lost about 600 dollars in this debacle. Totally my fault, too. Well, I didn't break the drives, that was my damn cats in the case of the backup, and simple mechanical failure due to age and abuse on the other one. But if I'd had proper backups, I'd have lost time and that's all.

Hey so are you guys aware that TruckCoin was cloned from X-Coin and that when the developer cloned X-Coin that they search and replaced "XC" with "TRK" so there are many instances in the HyperStake code where TRK still exists.

Sure, go for it. Be prepared to have it picked apart. If it holds up to that, it's a good idea. If it don't, you'll know how to revise it

Please do by all means necessary. I would really like to see your idea.

Does anyone have the formulas for calculating Potential Stake, Days to Stake, Weight and Priority? The calculations that are on the coin control page of the Wallet.


This would be very helpful to have. Thanks Presstab.

I would definitely like to see altcoins such as this be very successful. I have devised a way to make Hyper Stake and many other coins even more popular than they are today. If you would like I will present the idea here in a brief format. If this is permissible in this thread. I see the success of crypto currency as being accelerated by the use of my invention. The more coins that are successful the better the odds for all crypto currencies.

You can identify the specific utxo (what we call a coin "block") by referring to what the outpoint is. Outpoint is a combination of the transaction hash it came from and the index number the output is in that specific output array. I plan on presenting this info in an easier to understand format on my explorer in the future.

The outpoint is included as a transaction input for the coinstake transaction.

don't forget this one http://hyp.cryptocoinexplorer.com/rich

well there are a few ways...

first, depending on your stakesplitthreshold, the staked block would be bigger then 5k

or

if you are sending 100% of your stake somewhere else it would be the only block with 0 weight?

and

http://www.presstab.pw/phpexplorer/HYP/richlist.php

updates but lacks an address claim

Also, another question. Where is a working richlist for hyperstake? The one I am using does not appear to be updating.

This is a very interesting conversation on staking strategy. Apparently this coin employs a more sophisticated staking mechanism than other coins that are POS. I suspect that the reward system is most likely linear in nature with some step functions built in. It is hard to tell without viewing the mathematics used for the staking algorithm. I will analyze it and let you know the results. It will take several months to a year before I see a pattern. I have a question about the process of identifying which block has staked. Suppose I have a set of 5 blocks of 5000 coins each all received on the same day. Exactly one month later one of the blocks stakes how do I tell which one of the 5 blocks staked?

Not to mention a nice price level off around 300 sats. Hope you had a great time Press! Good to hear ya back in one piece.

Presstab is back!

I go on vacation for a few days and come back to some pretty advanced staking conversation. I like it