Post
Topic
Board Announcements (Altcoins)
Re: [ANN][HYP] HyperStake | 750% PoS | Advanced Coin Control Wallet | 11 Markets
by
Zer0Sum
on 04/11/2014, 20:32:43 UTC

I still think that someone needs to produce a quality Whitepaper...
Something along the lines of "The Phenomenon of the High Stake Alt Coin Niche"...
Which takes a serious look at why high stake is working better than expected...
And theories why high stake has proven for 12-18 months to far exceed Zero Sum expectations.

Then when a fudder shouts "ponzi" or "scam"... one can point to a well argued Whitepaper...
Plus it would be easy for crypto-journalists to turn the Whitepaper into an article.

To start with, Bitcoin spends 15-20% per year to defend their network...
So that can be viewed as a baseline requirement to properly defend a PoS network.

It's not quite clear why even higher staking can result in equlibrium... but there is real value to:

(a) the "finance experiment" nature of these initiatives.

(b) the close-knit communities surrounding them (almost cultish).

(c) pure entertainment value of trading and staking these very interesting coins.


In addition, there is almost no limit to the creativity that can be applied to this niche...
The current handful of high stake coins have barely scratched the surface.

On the downside...
High stake coins are FAR too dependent on centralized exchanges...
And the ones that fail to build a community of at least several hundred people...
Seem to limp along in survival mode.

Maybe someone should build a SuperNet for High Stake coins.  Cheesy

Someone tried a simple essay on devtome, but a far higher quality Whitepaper is required.

http://www.devtome.com/doku.php?id=the_rise_of_high_yield_pos_coins_with_integrity