hi guys
i read and found that hyperstake only pay 1000hyp max stake bounty so if i purchase a coin from someone and put it on stake but he has already got 1000hyp on that coin so will i get bounty again or not on that particular coin??
if i get bounty again than inflation is not controlled i think and if i am not getting bounty on my coin than i guess its not fair!!
hoping to hear from you soon!
You'll get up to 1000 HYP from your coins again and again. Inflation is controlled because there are thousands of people like you willing to get the reward, but only ~1000 winning chances per day, it's like a lottery where more lucky holders (with bigger block sizes) win. So this coin has steady emission of 700 000-900 000 HYP per day, just not to be unfair)
I like the analogy, I think it will help newcomer understand better how HYP works (and thus, make the more interested into it and thus increase the visibility and hopefully the volume). So let me improve on your already nice writing:
See HYP staking as a lottery with 960 winning chances per day (one every 90 seconds). With this particular rules
- Each of your "tickets" (blocks) have one chance to win every 90 seconds
- If it wins, it cannot win again for 9 days
- If it wins, you get up to 1000 more HYP
- If it loses, it increases its chances to win the next time
- The more "expensive" the ticket (the
bigger the block), the more chances to win
- Your actual chances of winning depends on the ratio of tickets you have compared to the total number of tickets everybody has. If you keep staking and bon't buy or sell, you "run for standing still", that is your chances are always the same. But if you stop staking or sell, you have less chance to get win, because the coin production continues whilst you have relatively less tickets. On the opposite side, if you buy, you increase your chance of winning, since you increase your ratio.
This presentation voluntarily avoids any details about chances of winning, and amount of HYP rewarded. If someone wants to know this, this person is already hooked. It also avoids any explanation on how it secures the network (this is here:
Network security and why it matters).
Please mention any oversight;