Re: [ANN] HYPER ~ Disruptive Game Currency ~Poker Site ~ On Bloomberg ~MMO ~5% PoS
HYPER has been running over budget due to all of the awesome projects people are working on (Spending has been high on projects like $100 steam game competitions, PR campaigns, projects like HYPER Poker, ad campaigns, monthly game server hosting costs, HYPER gaming competitions and many other HYPER bounties being paid out).
Soon, there will only be 450 000 HYPER left in the HYPER MMO Development Fund after bounties are paid for new website design, competitions, and HYPER Poker site.
Please let me know your thoughts in the poll guys. Should we limit spending or should we keep sponsoring projects and aim for a 400 000 MMO Development Fund? Or should we tighten spending until the fund stakes back up to 500 000 HYPER? Personally I want to keep sponsoring more HYPER games and projects and would like to aim for 400 000 HYPER to be the new HYPER MMO Development Fund.
However, this is an important issue so I want the community to decide.
As there don't seem to be many trolls anymore I think it is best we keep this original HYPER thread so people can see the coin has had a long development history. Majority voted to keep this original HYPER thread also in the last poll.
Soon, there will only be 450 000 HYPER left in the HYPER MMO Development Fund after bounties are paid for new website design, competitions, and HYPER Poker site.
Please let me know your thoughts in the poll guys. Should we limit spending or should we keep sponsoring projects and aim for a 400 000 MMO Development Fund? Or should we tighten spending until the fund stakes back up to 500 000 HYPER? Personally I want to keep sponsoring more HYPER games and projects and would like to aim for 400 000 HYPER to be the new HYPER MMO Development Fund.
However, this is an important issue so I want the community to decide.
As there don't seem to be many trolls anymore I think it is best we keep this original HYPER thread so people can see the coin has had a long development history. Majority voted to keep this original HYPER thread also in the last poll.
Mathematically spoken it would take about 2.16 months (2 months and 5 days) to recover from 450.000 hyper to 500.000 HYPER at a 5% interest.
In the long term it would be best to always have a large development fund. If we aim for 400.000 hyper it would take 4.57 months (4 months and 17 days) to recover, so that's a lot longer. I wouldn't be surprised if more HYPER projects are being worked on, more servers are hosted. The result of that would be that even more HYPER would be spent, so it could be we run over budget even faster.
Just wanted to say that
Yes but it will take longer than 2.16 months as some spending (HYPER game server hosting costs, HYPER gaming competitions, HYPER twitter marketing (not willing to cut that) will be spending some of the staked HYPER each month.
I will put together a monthly budget when I have time so everyone can see the exact MINIMUM HYPER cost per month.
In my mind the difference between 400 000 and 500 000 is arbitrary and HYPER is most likely going to be worth a lot more soon so in real terms the 400 000 will be worth more than 500 000 is now anyway. If we go to 400 000 that would be the new fund amount it would be too detrimental to not sponsor any projects until the fund is back to 500 000 from 400 000. And we get more exciting projects like the Poker site rather than waiting 2 months or more to be able to pay development for more projects like that!
More game servers doesn't mean more HYPER has to be spent each month (except hosting) as people can integrate HYPER in ways where people spend HYPER in the server too.
400 000 is still plenty of HYPER, it will stake more than enough each month to cover the minimum costs of the HYPER project and will also allow for some big projects every month or two as well. But that is my view which is why I have opened it for voting!
I meant to say that we have to deduct the current costs, so that indeed it will take longer. Forgot to include that in my post somehow, so yea would probably take a bit longer. I certainly don't want HYPER to cut on the big projects like the PR campaign and gaming competitions. And for the game servers I meant indeed the hosting alone (which can be costly at times). But you are right when (if) HYPER is going to be worth more soon the difference wouldn't really matter.
Both have their own advantages and disadvantages ...
I feel like we should be careful with spending just because it can be a slippery slope ... Now I don't mean this in anyway bad I'm just trying to say that the future is unpredictable as anything. I have such high confidence and hope in HYPER that I don't see an issue but small things can make big impacts. Also another reason why I feel like we should limit spending is because like Nicholas said it'd take around around 2 omega to stake back up and even if it took longer I don't think that'd be a problem. If more severs are developed and more items are being added and we are still in our time of saving, in my own opinion I feel like if I actually an spring HYPER and am not in it for the money I am okay with waiting for a bounty or some HYPER to help out or whatever.
Tl;Dr : I feel like we should save just to be on the careful side, we are new enough and are prospering enough that it would be best to be safe and save.
Thanks for all the great work I think I'll have to hop on the poker site when I get home from work. Thanks for all the great work everyone, and I how that you all had a good Christmas or a good break!
iSac