While on the road to Naples over the weekend I was listening to Bitcoin Altcoin Trading Talk podcasts and Hyperstake was picked to talk about/analyze.
If you're interested: http://feeds.soundcloud.com/stream/254995272-worldcryptonet-bitcoin-altcoin-trading-talk-25.mp3
Starts at the 28 minute mark of the podcast.
If you're interested: http://feeds.soundcloud.com/stream/254995272-worldcryptonet-bitcoin-altcoin-trading-talk-25.mp3
Starts at the 28 minute mark of the podcast.
Found the associated video link to the podcast. Much more beneficial to watch with the screen capture.
Very interesting to hear some technical analysis guys talking about previous market activity on HYP.
I will just quickly address a few of their concerns.
1 - 750% rate - Yes this is a very generous stake rate, but there are a lot of factors that keep most people from achieving this rate. First off, each stake can only recieve a maximum of 1,000 coins generated. This in turn means that coin stakers must attempt to stake much smaller coin inputs, which in turn adds very strong security via robust difficulty levels. Another factor is that there are only 960 blocks/stakes that can happen per day. This means that inflation is limited to 960k coins per day. This seems like a lot, but for a network with 493mm coins, that yields a daily inflation rate of about 0.195% added to the coin supply per day. This has decreased over time, because the maximum amount of coins added per day is a constant number, while the coin supply is an increasing number, thus less percent of the supply is inflated over time (we have definitely seen this historically).
2 - Markets - From what I know, I have the largest holding of coins. Around 26 million coins at last count. There may be someone with more, but it is not known to me. I should also mention SLS which has a sizeable position in HYP. We also have a remarkable amount of coin holders that have been part of the ride since the beginning, about 1.5 years now. It does not hurt that our main exchange has always been Poloniex, which I am sure everyone has noticed has increased their daily trade volume exponentially since the early days. I would not be surprised at all if some ethereum money made/continues to lift HYP's valuation. To add to this point, I truly believe that Cryptsy gave us a good running for a while when we were added there, but after Cryptsy's failure it has definitely put a dent in the price. I believe HYP is finally coming into the post-cryptsy phase.
3 - Development - A little bit slower lately (because I am working on a Masters in Comp Sci) but will probably be picking back up in the summer when I have some time off. HYP has arguably the best PoS wallet out there when it comes to features, resource consumption, etc.
4 - Conversation - The conversation around HYP has for some reason always attracted the techies. The type of people that want to talk about flavors of linux, whats the best way to compile, how to tweak code in certain ways, etc. In my opinion, this is exactly the type of crowd that a coin network should have.
Those are just some of my thoughts. HYP is still the best coin around IMO, although I am of course a bit biased
