Post
Topic
Board Announcements (Altcoins)
Re: HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive
by
FlungSpun
on 07/09/2020, 11:42:34 UTC
Spot the folks around pre 2013-14

Classic.... That's not what MAX_MONEY does

Hugely rusty but .....
I think it's only used as a sanity check while building transactions (you can't send more coins than there will ever be)

The reward is way more complex (at least in BTC) where the calculation is done from multiple halvings of the orignial 50 BTC per block.
In a file that does not exist in HBN .. Validation.cpp ---------- getsubsidy or some such function

You'd have to do some digging around in the code for HBN

I'm pretty sure HBN will just stake straight off the end of 120mm and keep going.

DYOR


Thank you for your reference and explanations.
Since HBN apparently has an infinite max supply, sooner or later that will also affect the price.

At this point we will adjust the max supply on the social media profiles,
because we don't want to fool the users who don't read any code.

We will keep the limit of 120 million tokens in the HOBO project.
Soon we will also start our own thread.
Stay tuned.


Don't take my word for it, I'm not the dev, read the code yourself. It's going to require some thinking and a little bit of math.
You are the ones wanting to "further HBN" by instamining a new unrelated token and trying to get people send coins to an (unproven) burn address.

Here's my next question ... please prove to me that the burn address is just that and not just some random address you hold the keys for .....

Stop posting about things you don't understand until you understand it.
Or just leave stuff alone.


Well, all the coins getting burned to the following Address:
EgVWUh8o98knojjwqGKqVGFkQ9m5BDNc9G

If you send any amount to this address you see the output to something like
https://chainz.cryptoid.info/hbn/tx.dws?12139158.htm

"vout": [
      {
         "value": 31.999,
         "n": 0,
         "scriptPubKey": {
            "asm": "OP_DUP OP_HASH160 0000000000000000000000000000000000000000 OP_EQUALVERIFY OP_CHECKSIG",
            "hex": "76a914000000000000000000000000000000000000000088ac",

            "reqSigs": 1,
            "type": "pubkeyhash",
            "addresses": [
               "EgVWUh8o98knojjwqGKqVGFkQ9m5BDNc9G"
            ]
         }
      }


As you see this values are invalid as the private key can't be calculated from it.
It's simply not possible to calculate something of zero.

Now tell me why this address is a (unproven) burning address?


Great, just want your explanation out in public. People can research for themselves.

I'm more than happy for HBN to actually get burned.

I'd debate the value of proposition for HOBO and whether burning HBN creates value for HOBO or benefits the native chain more. The market can decide that.


IF HBN is infinite, no one has bothered to work it out publicly, You are now in a position where more HBN can be burned than can be redeemed on the HOBO token.


Anyways I guess no one is off to Freiexchange and buying up all the HBN to lever this moon opportunity just yet.