Post
Topic
Board Altcoin Discussion
Re: [HYP] Let's take a closer look at HyperStake SCAM
by
presstab
on 22/10/2014, 18:15:18 UTC
Just read the first version of the OP, it isn't that complicated.

Quote
After buying into TruckCoin and seeing the diminishing exchange rate because of lack of dev support, we decided to take things into our own hands.

Yes we were TRK bagholders... I thought that was obvious to everyone? Why would we spend all of the time to fork a coin that we are very minimal holders of? It just wouldn't make much sense.

Concerning the quick forking, sure we could have put out a more advanced notice. I think looking at it from the point of view of someone who wasn't around back then for all of the irc chats, it might be hard to understand. HYP was meant to be a small fun crypto, it was mostly just made for the high PoS community to replace TEK with a better functioning coin. I was working on TEK code for a few months, had some disagreements about the coin and went my own way. I was very anxious to start a new coin to my own specifications.

I take full responsibility for not giving advanced enough notice.  For example, even David was a bit confused about how the fork was going to play out, and did suggest longer grace period.
Depends on how long will the grace period be (grace period: time between availability of the HYP wallet and actual forking). I can't tell you the time now. It won't be weeks, that's for sure.

And via PM from David:
Hi presstab,

We need to announce how long will be the grace period (time between publishing wallet and hardfork).

No grace.
What! I strongly suggest against that. Time zone, people having a life. Give at least one day.


But I was determined to get HYP going, and to have a coin that would finally be the economic characteristics I desired, the QT base that I could build an advanced coin control around, etc. I WANTED HYP NOW!!!!  But decided that I would go with the minimal grace period.

Honestly looking back, if I knew HYP would have this many users I would have given a bigger grace period. But lets be honest... I already had my TRK, it wouldn't have changed the quantity I held for any reason. Maybe others could have grabbed more. And at the time I was something like the 8th largest wallet when we forked, I continued to buy more after we got listed on coin-swap, so yes I continued to put my own skin in the game. I know David has as well.

Is this a scam? Definitely not, or else why the hell would I have all of these instead of cashing out aggressively? (and also a side point, the reason I hold so much is so that I don't have to be paranoid of someone trying to gain enough coin weight to cause problems with the coin).

Should David have any responsibility for the lack of grace time, absolutely not. Feel free to blame my impatience, excitement, anxiousness, etc. But honestly I would have the same quantity of coins either way, I guess the only person that missed out is you the oh so mysterious noob account.