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
- The actual chances of winning depends on the number of tickets. The more tickets, the less chances of winning so the less new HYP you'll get, which is how HYP controls inflationThis 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;
When I first read the bolded I took it to mean the number of tickets a person has since that is the perspective of the other points. Obviously this can't be correct and being that I am familiar with HYP I know this and was only confused for a short time. May I suggest you clarify the point and say something like "The actual chances of winning depends on the total number of tickets everybody has.".