Topic: [HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet - page 235. (Read 679335 times)

CrazyLoaf is the one who argued the opposite, that nice hash would be more efficient than buy wall. So I expect CrazyLoaf to reply here

Very good plan, as always, but why do we need a phase of Nicehash&Multipool chain? It's essentially the same as to place a buy wall directly but with the much smaller coefficient of efficiency. A part of a hash power fund will dissipate into thin air because of pools lags. It means that for every BTC spent we will absorb less HYP. Let's use Occam's Razor.

Yes, you are right Myagui, this wall shall not be up all the time. So could you rather send the 0.5 to a BTC address that you control, then make this address public. We'll add it to the OP. If someone disagrees with Myagui having control of this address and would prefer someone else to control it, we can discuss it. The issue for me it to have people involved.

I also updated the announcement by mentionning OTC (reduces price volatility and doubts from random sell walls) and mentionned that I'd like the sell wall funding to be opt-out - that is, by default everyone would contribute to the sell wall but could opt-out. This is surely a controversial topic, so I'd like this to be discussed.

Can I disable stake splitting?  With the latest client allowing split on demand can we set a check box in options to disable the split?  This helps with gardening.

I will also investigate and see if I can do it and submit a commit if I get it done.

Great to see Hypershield gaining shape and some of the pieces already in motion!  

Anyone that cares to help on making a bit of a buy wall to soften a possible dump-landing is welcome to join me, by adding to my buy order on polo at 1500 sat. I agree that a buy wall should probably not be up at all times, but perhaps we could/should collectively ensure that there's enough support at both sides of the order book to sustain a volume peak within reasonable boundaries.

Edit: To be clear, this wall is not to be perceived as market manipulation, but quite the opposite!
This is an expression of interest by the wall participants, to help in mitigating any attempt of price manipulation by bad actors. Cheerios!

HyperShield is a set of practices to mitigate extreme price fluctuations (also known as "pumps and dumps"). Like everything in HyperStake, this is a constant work-in-progress but below is the state of the art:

Plan
Phase 0 - business as usual (Preemptive Action I)
Multipool plus sell wall, plus market makers, plus OTC (OTC reduces volatility - ##hyperstake-otc and trading thread). The multipool generates buy pressure, a community-funded (opt-out with necessary mentions) sell wall acts as a deterrent for a pump and a community-funded bounty borrows money to market makers to maintain volume (they keep the benefits). The sell wall is upped when necessary (exactly how and when is yet do be decided). The sell wall being eaten is the signal to move to Phase I.

Phase I - releasing the pressure (Preemptive Action II)
Whales use S4C/HyperSend to kill the pump before it explodes (remember; "HyperShield is a set of practices more than a technology"). For instance: if the price is below 5K, they don't sell. If the price is above 5K, they send 25% of their stake to the exchange for selling (StakeHunter pledge). If the price rises too quickly ("too quickly" being decided by the community), they raise the percentage of staking to be sold. 33%, 50%, 75%, 100%. The will generate an increasingly high sell pressure that will neutralizes the pump. Why just the whales? First, everyone can do it; second, "noblesse oblige" (with great powers come great responsabilities - read Rich man's problems).

Phase II - market bot (Progressive Retaliation I)
If this doesn't suffice and the pump does explode into a dump, then the first retaliation is to activate a market bot for helping in a "soft landing".

Phase III - nitropool (Progressive Retaliation II)
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" :)

Phase IV - buy wall (Preemptive action III)
Finally, as a last resort, we erect a buy wall with the rest of BTC from HyperShield (it is important that a buy wall is not constantly erected). Worst-case scenario (the buy wall gets eaoten), we have more HYP to sell later at higher price.

What is needed
1. Multipool (already working). Phase 0.
2. Multisend (presstab is on it). Required for building up the sell wall. Phase 0.
3. Bounty (both in BTC/XMR/XUSD and in HYP) for the market maker. Should start as a donation since it requires BTC. Phase 0.
4. HyperSend/S4C (already working). This requires some concertation among large holders in particular. I will contact them. Phase I.
5. Market bot (already working). Phase II.
6. Nicehash account. Should start as a donation since it requires BTC. Phase III.
7. Buy wall. Pledging to give a part of you sales for the buy wall. Phase III.
8. "HyperShield/BTC" donation address for market making, nitropool and buy wall. Address is 1CwkZdajxxneGaohM2TQqzhaA6kDuRVz3m and I control this one, but can share control with other trusted members (better that way - hit by a bus...).
9. "HyperShield/HYP" donation address for sell wall. Address is pRgFiB3HH1D4oPRkW9eSZYr663DMFrs3Mg.
Previous address was pEfYxSV4CdQzLXmL2QN1Jtf3S8AVbYeNbW but a bug prevents reusing it

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That's for the strategy. Now, right now, a sell was has been eaten without moving up the price much. I see it as an evidence that HyperShield and needed. So, what can you do right now?

- Someone to volunteer for the HyperShield/BTC address (either in a BTC wallet or straight as a Poloniex address, up to the person). This person must be a trusted member of the community. Myagui (who I trust, by the way) already proposed to place 0.5 BTC in the buy wall.
- Start sending some HYP to the sell wall (I'll do it also). Low priority, though, considering the price.
- Setting up a nicehash account. CrazyLoaf, since you are the one who proposed it, could you take care of this?
- Announcing our program to reduce volatility. Traders won't like it, but normal investors will.
- Continue to promote HyperStake the usual way: HyperLoan, Hypillionaire part deux, Hypberry, HyperPool...
- Remember to stay alert. Being cool doesn't mean being careless :)

More informations:
- HyperShield on the wiki: http://hyperstake.wikia.com/wiki/HyperShield
- HyperShield discussion on Slack (for devoted users, PM me an email address for invitation): http://hyperstake.slack.com/messages/hypershield
- You can chit-chat about HyperShield on IRC (##hyperstake), but with no certainty this will be properly considered, especially if you want something to go on.

kawa900jc: updated, thanks!
qiwoman2: great, can't wait to see the impact it will have.

Chinese OP will be up today, sorry for delay but I been unwell for two days and trying hard to catch up. 

Christmas is coming (and winter and the Others too). At HyperStake, we are all about sharing, especially with those in need.
That's why we are setting up a donation fund for offering Christmas gifts for children - and not only children but also lonely elders, homeless people...

A bit early, no?
We are starting now because we want to have maximum audience and fund.
And also because, being HyperStake, we want to experiment

Experiment?
So, HyperSanta will not be just another donation. It will also be the opportunity for exploration.

• Test a bot with some nice features - the said features are a work in progress so you can propose some too also. For now, we can already say there will be a list of potential purchases so that every time you tip, you may discover than a new item had been unlocked, a game in the donation!
• Integrate HyperSanta as "cause of the month" in the forthcoming Multisend (it won't be possible to check the list of items on multisend, only with the bot.
• Introduce an "IRC on steroid", Slack. We are using Slack for several days and really like it. Time to go further and introduce it to you. https://hyperstake.slack.com/messages/hypersanta (and be sure to read https://hyperstake.slack.com/messages/beginners-tips). In order to access Slack, you only have to PM an email address (it can be a disposable address, as long as you remember the password).

Jingle hyp, jingle hyp, jingle all your needs!

It wasn't me, but it is a good analogy

I actually have had no blocks that weren't off line for a while hit max subsidy, though my latest was very close. But it was also a 5K block. But once it goes there, for the majority of us, things will get interesting

Did you check before asking ?

did you get my hyperloan address a few days ago?

Thanks for reporting, Sakr 

I had to restart the multipool real quick for maintenance purpose, also to add some hot coins.

Restart usually takes a few seconds, and is done only when necessary.

^^^^ Thanks Pt

The multipool service thread is located here https://bitcointalksearch.org/topic/annmultipool-service-thepoolpw-multipool-733216

Added.

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And now for a slogan:
"From trash to cash"
I'm sure you can do something out of it!

My hyperloan address is pT7Ff3gXZ4RJA2ydTYNFi7xFjrRMfgJAip

Thanks

HYP multipool appears to be down. Do not see a way to contact them 

First round of Hyperlan, there was one nominee
Second round of Hyperlan, there was two nominees
Third round of Hyperloan, there will be three nominees
I am not sure yet, but fourth round of Hyperloan might have four nominees (and that will be the maximum - fifth week will still have four nominees, except by Hyperloan stacking).