Quote from: David Latapie on November 04, 2014, 11:19:52 PM

Quote from: Zer0Sum on November 04, 2014, 08:32:43 PM

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"...

I'd rather see a HyperStake whitepaper. It would contain two parts:

one about PoS and how it is an alternative to PoW with its peculiarities (greener, but also merge token and mining power, which means that rich stay rich and poor stay poor except if they buy/sell) plus the orientation of this coin (experimentation; including multisend and its consequences, plus the fact that it would be maybe the first whitepaper after the release of the coin, yet another experiment). There also would come your considerations about "why high stake is working better than expected" and "why high stake has proven for 12-18 months to far exceed Zero Sum expectations. I would also add some psychology about aversion to loss and how sharing profit (and not principal) encourages sharing and what comes with it.
And another part, more technical, meant to explain the inside technology and could be obtuse for non-dev.

Quote from: iantunc on November 04, 2014, 09:13:44 PM

Agree, too stiff formulation, a little misunderstood. It can be a reward for a promotion plan or some idea, a separately standing application of the HyperLoan feature. The sum of a loan can be enlarged to create a good stimulus for producing and for implementing this ideas. And the risk of non-returned loans can be eliminated by a dumped private key and multisig (in theory).

Can you elaborate on how you'd see dumped private key and multisig to work? dumped private key alone won't work but if we can implement multisig, I could propose bigger and bigger loans with time (I don't plan to go above 8k with the present situation).

I might be able to do some of this, if some of the more technical guys can run with my prose and edit for errors. I'll get started on it. POS coins in general fascinate me, both because of their potential and how polarizing they can be and how badly misunderstood Proof of Stake is, especially since it's so frequently compared to interest, which it is not.