Topic: [HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet - page 321. (Read 679335 times)
September 06, 2014, 03:45:14 PM
anyone reading this. I LOVE YOU! because people need to hear that they are loved!
September 06, 2014, 02:27:20 PM
I'd love calling it poloniex. all hail night mode
September 06, 2014, 02:15:26 PM
i keep getting stuck syncing 
nvm fixed
nvm fixed
September 06, 2014, 02:07:13 PM
Poloniex allowed us to use the word Poloniex for a Poloniex-like theme. For the (legal) record:
We are going to implement themable wallets, that is, people will be able to choose the appearance of their wallet (only colour themes, at least at first). We are planning to use a Poloniex-like theme, but then comes the matter of the name. Ideally, we would call it "Poloniex" but for legal reasons, it might not be possible, even under fair use.
davidlatapie <@busoni> I have no problem with it
This doesn't mean we will ultimately choose this name, though. But I prefer the agreement to be written somewhere.
Quote
This doesn't mean we will ultimately choose this name, though. But I prefer the agreement to be written somewhere.
September 06, 2014, 01:55:53 PM
looks good! 
September 06, 2014, 01:40:35 PM
As its shown in the logo and using pol night ui as a template...
HyperBlue !
I like the name HyperBlue !
So default would be "HyperBlue" and the first variant would be "Poloniex". I will ask Poloniex if we can use the name, but I assume it won't be possible, for legal reason (except if they are OK with fair use). So, start looking for an alternative name.
September 06, 2014, 12:38:57 PM
Everyone keep monitoring and testing for the best block size and stake times. I recommend using the getstaketx RPC call to grab the stats of each stake. This will be a community project to find where the sweet spot is.
Also I can confirm that Tranz' progress on S4C stores S4C settings in the wallet.dat file, allowing for S4C to be initialized on startup and be switched from system to system without changing any settings. I will get this implemented into HYP hopefully today. Tranz has done some great work for HBN lately, I recommend following the OP for HBN.
Also ZeeWolf has made some awesome progress on the GUI, I have seen some screenshots and the dark version of the wallet is really cool so far. Its nice to have so many people willing to put their expertise into HYP, it makes it a lot better than the other coins where every other post is a bagholder complaining.
Also I can confirm that Tranz' progress on S4C stores S4C settings in the wallet.dat file, allowing for S4C to be initialized on startup and be switched from system to system without changing any settings. I will get this implemented into HYP hopefully today. Tranz has done some great work for HBN lately, I recommend following the OP for HBN.
Also ZeeWolf has made some awesome progress on the GUI, I have seen some screenshots and the dark version of the wallet is really cool so far. Its nice to have so many people willing to put their expertise into HYP, it makes it a lot better than the other coins where every other post is a bagholder complaining.
September 06, 2014, 09:38:20 AM
I have few blocks with 950 HYP each and they haven't staked yet They should have staked 4 days ago but I will test the bigger blocks size and see how it will work.
September 06, 2014, 06:20:57 AM
Just wanted to let people know about the experiment I was doing with different block sizes.
The largest I staked was 4139 HYP, and it managed to stake very quickly after the 8.8 days, and gave me 781 HYP interest (if anyone wants to figure how long it took from that, be my guest).
The same with my 3471 HYP block, staked quickly giving me 657 HYP.
I'll see what my other wallet managed to stake today when I get my hands on my other PC.
Am I taking a risk, having such a high block? Yes, definitely - as the difficulty ramps up more, I'm getting close to the 1000 HYP limit, BUT, right now, it means I'm getting the interest nearly straight away.
In comparison I've some smaller blocks, around 600 HYP, which are 22 days old, and still haven't staked.
For those of you who want to trade your interest, maybe a larger block is better? All I can say, is that I can't touch my smaller blocks around 600 HYP because the interest I'd loose is way too great (50%) so I have to hold them until they stake - in my case it's not a problem as I'm building my stash. But to others, maybe....
The largest I staked was 4139 HYP, and it managed to stake very quickly after the 8.8 days, and gave me 781 HYP interest (if anyone wants to figure how long it took from that, be my guest).
The same with my 3471 HYP block, staked quickly giving me 657 HYP.
I'll see what my other wallet managed to stake today when I get my hands on my other PC.
Am I taking a risk, having such a high block? Yes, definitely - as the difficulty ramps up more, I'm getting close to the 1000 HYP limit, BUT, right now, it means I'm getting the interest nearly straight away.
In comparison I've some smaller blocks, around 600 HYP, which are 22 days old, and still haven't staked.
For those of you who want to trade your interest, maybe a larger block is better? All I can say, is that I can't touch my smaller blocks around 600 HYP because the interest I'd loose is way too great (50%) so I have to hold them until they stake - in my case it's not a problem as I'm building my stash. But to others, maybe....
September 05, 2014, 10:55:57 PM
Hey press sent you a pm.
September 05, 2014, 10:02:21 AM
Wow diff is already up to 0.84 !! Pretty high for a PoS coin. This coin is going to become harder and harder to PoS mine overtime because of the expansion of the money supply. And as such, block sizes will need to be increased, potentially to the point that you will have to hit the max reward if you want a timely stake.
And this will influence interest rate limiting money supply and thus controlling inflation and exponential growth. It means that early adopters will benefit from compounding while the diff is low but when it rises they can nevertheless have a good income because of the size of their staking holdings. At this stage the network will be secured enough to be used by merchants who can be interested in staking too.
HYP actually does not have the NovaCoin style interest rate adjustment. So the rate will always be 750% annual regardless of diff. Instead HYP has the maximum subsidy to reduce inflation.
Yes, sorry, I meant the actual interest rate, not the nominal 750% yearly rate. If I'll have a block of 1000 HYP, it will get its max coin age and interest (approx. 2.05% per day) in 30 days (~61% or 610 HYP that is less than max subsidy) but with diff high enough it can potentially stake in 60 days on average (for example) as its weight will be too small in comparison with the net weight. So it will give half of nominal 750% in a year. If I'll try to make a block bigger to stake faster, the max subsidy mechanism will limit the reward. Please correct me if I'm wrong.
Ok then you are exactly right. The effective interest rate will be lowered because in order to compete for a timely stake you may have to use larger block sizes in the future.
I think we can update the thread topic to emphasize that this coin also has the most advanced inflation control mechanism.
I think it premature to say it's the most advanced (though I tend to agree), but it's certainly a novel approach!
Two other coins I know of have a max subsidy, but these coins have not structured the max subsidy small enough to be a primary method of inflation control, just as a safeguard against large supply shocks.
September 05, 2014, 01:53:26 AM
Wow diff is already up to 0.84 !! Pretty high for a PoS coin. This coin is going to become harder and harder to PoS mine overtime because of the expansion of the money supply. And as such, block sizes will need to be increased, potentially to the point that you will have to hit the max reward if you want a timely stake.
And this will influence interest rate limiting money supply and thus controlling inflation and exponential growth. It means that early adopters will benefit from compounding while the diff is low but when it rises they can nevertheless have a good income because of the size of their staking holdings. At this stage the network will be secured enough to be used by merchants who can be interested in staking too.
HYP actually does not have the NovaCoin style interest rate adjustment. So the rate will always be 750% annual regardless of diff. Instead HYP has the maximum subsidy to reduce inflation.
Yes, sorry, I meant the actual interest rate, not the nominal 750% yearly rate. If I'll have a block of 1000 HYP, it will get its max coin age and interest (approx. 2.05% per day) in 30 days (~61% or 610 HYP that is less than max subsidy) but with diff high enough it can potentially stake in 60 days on average (for example) as its weight will be too small in comparison with the net weight. So it will give half of nominal 750% in a year. If I'll try to make a block bigger to stake faster, the max subsidy mechanism will limit the reward. Please correct me if I'm wrong.
Ok then you are exactly right. The effective interest rate will be lowered because in order to compete for a timely stake you may have to use larger block sizes in the future.
I think we can update the thread topic to emphasize that this coin also has the most advanced inflation control mechanism.
I think it premature to say it's the most advanced (though I tend to agree), but it's certainly a novel approach!
September 05, 2014, 01:39:03 AM
Wow diff is already up to 0.84 !! Pretty high for a PoS coin. This coin is going to become harder and harder to PoS mine overtime because of the expansion of the money supply. And as such, block sizes will need to be increased, potentially to the point that you will have to hit the max reward if you want a timely stake.
And this will influence interest rate limiting money supply and thus controlling inflation and exponential growth. It means that early adopters will benefit from compounding while the diff is low but when it rises they can nevertheless have a good income because of the size of their staking holdings. At this stage the network will be secured enough to be used by merchants who can be interested in staking too.
HYP actually does not have the NovaCoin style interest rate adjustment. So the rate will always be 750% annual regardless of diff. Instead HYP has the maximum subsidy to reduce inflation.
Yes, sorry, I meant the actual interest rate, not the nominal 750% yearly rate. If I'll have a block of 1000 HYP, it will get its max coin age and interest (approx. 2.05% per day) in 30 days (~61% or 610 HYP that is less than max subsidy) but with diff high enough it can potentially stake in 60 days on average (for example) as its weight will be too small in comparison with the net weight. So it will give half of nominal 750% in a year. If I'll try to make a block bigger to stake faster, the max subsidy mechanism will limit the reward. Please correct me if I'm wrong.
Ok then you are exactly right. The effective interest rate will be lowered because in order to compete for a timely stake you may have to use larger block sizes in the future.
I think we can update the thread topic to emphasize that this coin also has the most advanced inflation control mechanism.
September 04, 2014, 05:36:54 PM
Wow diff is already up to 0.84 !! Pretty high for a PoS coin. This coin is going to become harder and harder to PoS mine overtime because of the expansion of the money supply. And as such, block sizes will need to be increased, potentially to the point that you will have to hit the max reward if you want a timely stake.
And this will influence interest rate limiting money supply and thus controlling inflation and exponential growth. It means that early adopters will benefit from compounding while the diff is low but when it rises they can nevertheless have a good income because of the size of their staking holdings. At this stage the network will be secured enough to be used by merchants who can be interested in staking too.
HYP actually does not have the NovaCoin style interest rate adjustment. So the rate will always be 750% annual regardless of diff. Instead HYP has the maximum subsidy to reduce inflation.
Yes, sorry, I meant the actual interest rate, not the nominal 750% yearly rate. If I'll have a block of 1000 HYP, it will get its max coin age and interest (approx. 2.05% per day) in 30 days (~61% or 610 HYP that is less than max subsidy) but with diff high enough it can potentially stake in 60 days on average (for example) as its weight will be too small in comparison with the net weight. So it will give half of nominal 750% in a year. If I'll try to make a block bigger to stake faster, the max subsidy mechanism will limit the reward. Please correct me if I'm wrong.
Ok then you are exactly right. The effective interest rate will be lowered because in order to compete for a timely stake you may have to use larger block sizes in the future.
September 04, 2014, 04:33:44 PM
Wow diff is already up to 0.84 !! Pretty high for a PoS coin. This coin is going to become harder and harder to PoS mine overtime because of the expansion of the money supply. And as such, block sizes will need to be increased, potentially to the point that you will have to hit the max reward if you want a timely stake.
And this will influence interest rate limiting money supply and thus controlling inflation and exponential growth. It means that early adopters will benefit from compounding while the diff is low but when it rises they can nevertheless have a good income because of the size of their staking holdings. At this stage the network will be secured enough to be used by merchants who can be interested in staking too.
HYP actually does not have the NovaCoin style interest rate adjustment. So the rate will always be 750% annual regardless of diff. Instead HYP has the maximum subsidy to reduce inflation.
Yes, sorry, I meant the actual interest rate, not the nominal 750% yearly rate. If I'll have a block of 1000 HYP, it will get its max coin age and interest (approx. 2.05% per day) in 30 days (~61% or 610 HYP that is less than max subsidy) but with diff high enough it can potentially stake in 60 days on average (for example) as its weight will be too small in comparison with the net weight. So it will give half of nominal 750% in a year. If I'll try to make a block bigger to stake faster, the max subsidy mechanism will limit the reward. Please correct me if I'm wrong.
September 04, 2014, 03:28:57 PM
Community Update
Hi everyone! We've had a really good week. I'm doing this update a day earlier than normal because I've got a long weekend planned.
First and foremost, David's hard work and not just a little persistence got us added to Poloniex. I hope all of you are doing some smart trading on there, remember it's a marathon not a sprint
https://poloniex.com/exchange/btc_hyp
Poloniex is a good, solid exchange and have made it publicly known that they make every effort to list only legitimate currencies with active, visible developers. They also have a great little
trollbox where you can discuss HYP with other users, or people who may not yet be aware of the project. Already the box has seen our own devs taking part in discussions and answering
questions, so be sure to drop by the trollbox whilst you're trading.
Further to that, David was also able to persuade Poloniex to add a trade analysis feature, which was something that a lot of people appreciated on allcoin. So lots of applause for David and his persuasive
skills this week. Give it a try, still in test stages. https://poloniex.com/tradeHistory#analysis/HYP/BTC
Presstab has been totally slacking. I'm kidding, Presstab has released a new wallet version with lots of new features that you all requested, please keep in mind that you can always demand more of him if you
so choose if there is anything new you'd like to see added to HYP, because there is an updated wallet already in the works that will be uploaded to github as soon as it's been properly tested.
I'm also happy to congratulate bitmaster222 on joining the team, he is already beavering away on our Facebook page. Thanks for that.
https://www.facebook.com/hyperstake
I'm really glad to see all of you guys hanging in, getting involved and reaping the rewards of what was just a fledgling idea just a short while ago. Full speed ahead, guys. Have a great weekend.
https://twitter.com/HyperStake
IRC: ##hyperstake
September 04, 2014, 03:26:20 PM
Hey does anyone know how often richlist is updated? I have a 5k discrepancy between it and my wallet. Thanks.
I think it is live.
September 04, 2014, 03:26:08 PM
Wow diff is already up to 0.84 !! Pretty high for a PoS coin. This coin is going to become harder and harder to PoS mine overtime because of the expansion of the money supply. And as such, block sizes will need to be increased, potentially to the point that you will have to hit the max reward if you want a timely stake.
And this will influence interest rate limiting money supply and thus controlling inflation and exponential growth. It means that early adopters will benefit from compounding while the diff is low but when it rises they can nevertheless have a good income because of the size of their staking holdings. At this stage the network will be secured enough to be used by merchants who can be interested in staking too.
HYP actually does not have the NovaCoin style interest rate adjustment. So the rate will always be 750% annual regardless of diff. Instead HYP has the maximum subsidy to reduce inflation.
September 04, 2014, 03:15:38 PM
Hey does anyone know how often richlist is updated? I have a 5k discrepancy between it and my wallet. Thanks.
September 04, 2014, 03:03:53 PM
Hey press and david sent you a pm.
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