Re: HoboNickels - HBN - Major Release ready! Version 1.4. Stake For Charity.

The more I think of it, what has been done in FairCoin is an address swapping mechanism, they use http://wafflepool.com/ (witch pays in BTC). So if you swap the HBN address for a BTC address and use wafflepool's infrastructure, then when the amount of BTC is big enough, you buy HBN and then distribute it back to the matching HBN address.

I think it's brilliant and could be done fairly quickly. at least it could be a start.

That's the system the Zeitcoin devs implemented yesterday. The price has since doubled. Though to be fair, it did double from extremely low levels.

It seems to be a good system to create demand.

I don't know how it's going to play out for HBN, but it is extremely hard to mine this coin, so this could help people that want to mine their way in at much bigger scale since the supply comes from the market. Plus it's could create a nicer liquidity those PoS block looking to be sold.

(Sorry unick, I didn't understood your PM, but now I get it) Wink

So for me the trouble of this kind of multipool, with payout in HBN, is the fact there is not that much "offer" in the "selling" part.
From MY point of view, I'm also a bit afraid with the responsability.
Let's say we have generated 1 BTC. And I have to change them for HBN, at the current price (0.00032099), it's around 3000 HBN. But there is no one selling that amount before 0.00037201. So it's a big "price" responsability to do it, and I don't really like it.
Other way to see it, there will be more people selling their HBN, so maybe more SELL orders...

Currently, I'm putting my crapy miners (dedicated servers ~10Kh :p) on hashco.ws who allow me to get paid in MINT. It's not much, but it's still some staking coins.

For me the big trouble will still be the "buy some HBN from BTC (or any other currency)".
But unick, if you want to try something with me, why not. You have an awesome hashrate, so maybe we can start some tries with a new pool just the two of us to see what we can mine (I can bring also some friends to start it and see how it works)

I am willing to throw hashes at a multipool that pays out in HBN. The way I see it, the multipool will help push the price high enough to the point where other miners will start PoW mining HBN to sell for BTC. From these PoW HBN miners is where the HBN multipool will find its liquidity. Its possible that the HBN multipool will send the price of HBN to not only the moon, but past Pluto and into the delta quadrant. how is that ever a bad thing? this multipool will help HBN in price discovery and give HBN its true value, which I feel is more than what it is now.

HBN Multipool : HBN investors/traders/miners - buys from regular multipool miners.
Regular Multipool: BTC miners - Sells HBN to HBN multipool miners in exchange for BTC.

Coins with multipools are doing over 100 BTC/24 hour in volume over at mintpal. look at ZEIT, ECC and BC. Now imagine HBN doing that kind of volume, trust me the price will go to orbit because of the number of coins available.

They will feed each other liquidity. If this multipool happens then it gives me another reason to pull the trigger on a couple gridseed blades.