Topic: HyperStake Development Journal (HDJ) (Read 18423 times)

A lot at happened since last entry in the HyperStake Development journal. A bit too much, I do not know where to start.
 
The price of stability
Price is stable which is good - of course those who bought much higher would prefer a higher price to recoup their losses, but the general interest is for stable price: less pain and you can still benefit but selling your stake, which encourage keepin in your wallet, thus strentghtening the network.
 
Enter the multisend
Multisend is finally here and it rocks.
 
Multisend http://hyperstake.wikia.com/wiki.RPC is the next step in HyperSend and the natural evolution of Stake4Charity. You can now send your stake to more than one address. Also, you are not limited to 50% or your stake anymore - all of it can be sent.
Remember to frequently sell to ensure liquidity (as well as profit) https://bitcointalksearch.org/topic/m.8905328
 
Multisend for the moment is only accessible though RPC calls. For more information, read hyperstake.wikia.com/wiki/Multisend
 
If you experience heavy CPU or bandwith usage, you now have two RPC calls (accessible from the debug console): strictprotocol and strictincoming. Information on how to use them on the wiki: http://hyperstake.wikia.com/wiki.RPC
 
HYP is government-immune
Speaking of that, I realised that HYP is protected against a menace that threatens most PoS, particularly non high-PoS: a government could subpoena exchanges and get the hold on the network. Subpoena can have "gag orders" which prohibits the said exchange to even say they received a subpoena, which would make the action completely unnoticed. In the end, the government would control the coin, because in most case, exchanges as a whole have more than 50% of the coins.
 
This is not the case with HYP. A very large majority of HYP is held in wallet. So HYP is effectively immune from governement-seizing thanks to the economical incentive to keep the coin in the wallet - which by the way means that cold staking could be a bad idea, security-wise.
 
OpenAlias comes to HYP
HyperStake is the very first Bitcoin-based coin that implements OpenAlias (only with a bot for the moment). OpenAlias is a neat feature that make sending coin easier. This is a originally a Monero development and it is a big deal. Yesterday, Bitcoin become the second coin to accept it, since the PR for Electrum had been accepted (Electrum is a Bitcoin wallet which doesn't require to download the blockchain - it also has mnemonic seed, another neat feature I expect to see on HyperStake one day) More information about OpenAlias here: https://monero.cc/talks/monerotalks-whatisopenalias.html
 
You can already donate to the development fund by going on IRC and either joinin #hyppero or contacting hyppero and use the following address: donate.hyperstake.com (no www, no http, just this)
 
HYP saves they day
Presstab discovered an exploit that affect most PoS coins. Despite the tremendous security of HYP, it was still possible to use a "timedrift" (different from timewarp) to generate more coins than allowed. It was solved in a matter of day but unfortunately required a hard fork, so we are still recovering since not everyone is on the right chain at the moment. Still, it had been solve very fast. As someone wrote:
https://bitcointalksearch.org/topic/m.10492461
 
A potential bad salad situation was handled well.
 
A article was published on bitcoinist.net: http://bitcoinist.net/interview-presstab-pos-vulnerabilities/
 
Going testnet
We learnt from this lesson. We decided to create a testnet and now HYP has its own testnet to evaluate new features or anticipate exploit. This is a big step, because most coin do not have a testnet. To move to testnet, you should open a second wallet with the following instructions:
 
Reduce your load
If you experience heavy CPU or bandwith usage, you now have two RPC calls (accessible from the debug console): strictprotocol and strictincoming. Information on how to use them on the wiki: http://hyperstake.wikia.com/wiki.RPC
 
We also have, in beta, a feature called liteStake:
"liteStake beta: Previously the staking process would continuosly rehash the same hashes over and over, needlessly taking up valuable CPU power. HYP added a std::map that tracks the block height and the last time the wallet hashed on this height. Depending on your staking settings, the wallet will not begin a new round of hashing until after a certain amount of time has passed, or a new block is accepted. This means that there will be 1-5 seconds of CPU hashing once every minute, compared to continuous CPU hashing."
 
We at a time considering change some algo for a lighter one. Eventually, we decided not to, because the most significant one was already SHA256, which is particularly light. So this would have been a lot of work for only a low return.
 
There is too much to summarize here. That's the price of not updating the HDJ often enough. So browser the ANN https://bitcointalksearch.org/topic/hyp-hyperstake-generous-reward-staking-advanced-staking-controls-wallet-678849 and scan ##hyperstake and ##hyperstake-dev for latest info!

Read here:
http://hyperstake.wikia.com/wiki/Bootstrap#How_to_load_up_the_blockchain_faster_.28bootstrap.29

And the ANN thread where you can download a bootstrap:
https://bitcointalksearch.org/topic/hyp-hyperstake-generous-reward-staking-advanced-staking-controls-wallet-678849

Hey there fellow stakers,

I had a harddrive fail and subsequently by the time I moved everything to the new drive my wallet had been offline for a couple of months. When I opened it up it synced but then it hung staking and wouldn't do anything. I am now trying to rebuild the blockchain but its taking FOREVER. Is there anyway I can jump start this?

Thanks!
Startide

Because difficulty is going up..  it's becoming more difficult to stake more coins.

More and more people are holding on and staking,  difficulty goes up as a result.

I think Zer0sum was misconstrued slightly. I don't want to put words in his mouth so I will tell you what I took from what he wrote. I believe he said that Hyperstake has built a great platform. Don't fuddle about with gimmicks but think big! What can you do to fundamentally change crypto, commerce, contracts, finance, with such a platform? Zer0sum is challenging great minds to be more than even they thought possible. By the way, if indeed this is Zer0's thoughts I'm with him. I'm vested in Hyperstake for the long haul and look forward to all the hits and misses. Hopefully there's lots of misses, because that just means your thinking big and challenging yourselves, the community and the coin. Cheers! 

Why my estimate staking increase each days??

Closer to 2K than 3K. My 2400 HYP block hit the wall consistently today.

I would try to have 1k block as minimum size. 2-3k is the sweet spot right now though.

Its not about exchange rate. If thats what you are looking for go find a dev team that is also a pump team.


Maybe I am not reading that correctly... but I never "worked on NXT"....

Build it yourself

Can you tell me, how to manage staking?? each block should be.. xxx.

Because i'm staking more than 2 month in vps, nonstop, till now.

You remember this tagline we keep mentionning? HYP is an ex-pe-ri-ment.
Experiments are not meant to bring monetary value (if they do, so much the better, but that's all). And so far, most of what we experimented have not been done before us. So HYP is already a success. Even you admitted it, and compared to other high-PoS, we certainly pushed the enveloppe in terms of community and innovations (most advanced coin control, poolstaking, themable wallets, adaptative difficulty, staking tools, live community, retribution scheme... all of this being delivered and not just promises - let alone what we are working on and do not publicise before release).

So, what else to ask? Oh, yes, money. Look for short-term scamcoins on Bittrex then. To each its own, and us is experimenting.

I have a question, though: since you are a trader, you shall know that developers have no influence on price, right? So why do you even ask?
(update: most NXT's assets are a fail, exactly like most altcoins - plus, the core idea behind HYP is to push PoS to its limit - which is better done with a platform that we know)

You guys love to talk... but none of your bolt-ons have added value to the coin.

Why would a few $0.75 loans in a "currency" whose inflation is running at 10,000% have value?
Or endless theme stuff... I can download 50 wallets in one day if I'm hot for theme wallets.

Please note that barely-in-beta-testing SuperNET is worth $3,200,000...
And HYP with "features galore" is worth $87,000 at the time of this post...
Do you have some Master Plan for next summer when we have 200,000,000 HYP @ 25 sats = $50,000?

So you have a very secure, reliable network with a good community worth $87,000...
Build something on top of it that AN ADULT WOULD BUILD... something that generates revenue...
Presstab worked on NXT... go look at NXT and pick something.

Think bigger! You can build ANYTHING on top of this 

Feature: disablestake if X

Issue: Difficulty is a roller-coaster, with up to 50% volatility and a noticeable unpredictability. I believe this reduces confidence in HyperStake.
Solution: The solution presstab just finished coding is this: thanks to a RPC call (later, it could be a checkbox option), one can deactivate staking (even if wallet is unlocked or unlocked for mint) once the difficulty reaches a certain treshold. It does cost the holder some profit (by delaying it) so this is not "good" for the staker, but in exchange, it reduces the network difficulty by zeroing this address's weight and thus reducing the overall network weight, hence the diff. So, it is a "lose-win" solution, bad for the individual, but good for the network. This is why it is a voluntary action and it only makes sense to activate it for large holders (if you are not a large holder, stop staking would have a negligeable impact on diff, whilst still having a major impact on you).
Ways for improvement: checkbox activation, conditional activation according to history of network weight, conditional activation according to percentage of total coins in one address, moving from opt-in to opt-out (i.e. activated by default), lowerstake instead of disablestake.
Notes: other usecases are possible (like staking only above a certain diff to protect against attack), but may be incompatible with the ways for improvements.

A list of things being considered, going on or already done. This list does not attempt to be exhaustive and was first written on the ANN.

• Multisend (http://hyperstake.wikia.com/wiki/Multisend) (GUI not done yet)
• Triggers (http://hyperstake.wikia.com/wiki/Triggers)
• Fully functional in wallet block explorer and rich list
• Automating HyperPool (HAT, HyperPool Automation Tool) (not before long)
• RPC cointrol (allows coin control without a GUI)
• Improving code by closing the gap between Bitcoin and HyperStake (Bitcoin => Peercoin => Novacoin => Bottlecaps => Mintcoin => XCurrency => Truckcoin => HyperStake)]
• HyperWallet (webwallet, functional specifications done)
• HyperOTC (automated OTC à la XCash)
• Announcing HyperSanta Christmas distribution (El_Kabong)
• Continuing HyperDeck (iantunc, could you open a wikia entry?)
• Longterm considerations for hyperstake.com (marketplace, integration of HyperPool and HyperWallet...)
• Translating the wallet
• HyperStats - gathering and analysing stats, maybe even a Gini index to promote the nice distribution of HYP and a presentation as outstanding as Hans Rosling's
• New OP with a multi-column appearance
• Tipbot for reddit and possibly Twitter and Facebook
• [speculative] automated transactions
• [speculative] transaction messages
• disablestake if X, to reduce diff volatility
• built-in new version notification system for new wallet version
• [speculative] CYIAM (there is a bounty) or HyperParty (à la DogeParty)
• [speculative] Smart contracts
• mnemonic seed, à la Electrum or Monero

Your miner ends up being outdated by a stronger one and you must buy it to not be left behind. "Running to stand still".
With PoS, and particularly high-PoS, this is "sitting to stand still".

This is orthogonal. HYP has a nicer distribution (and we should capitalise on it) but correlation is not causation.
I do agree, though, that high-PoS rewards patience. Maybe this is a reason why it is not popular in the ADHD populace of trading. Hopefully, delivering products taking advantage of high-PoS like HyperJobs and promoting stake-and-cash will help.

Honestly, I think high PoS solves this problem. Instead of people with lots of PoW hashing power being the largest whales, those that are in it the longest are. And even so, it seems like HYP has had a great distribution of coins compared to other coins with smaller pos, fast premines, etc.


HYP's PoS economics gives the ability to mint coins, to anybody that has a bit of patience, the willingness to build a proper portfolio composition of coin blocks, and the ability to connect to the network often. The barrier to entry to mine/mint HYP is very low.

Excerpt from my post on the ANN Inflation control and network security

To sum it up: on a technical standpoint, the HyperStake network is very strong. But on a governance standpoint, there are some concerns.

Any ideas about how to address this governance concern?
Any ideas about how to market the high diff?

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