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  1. Luposian you are ignoring the idea of speculation. Any currency has its current value and its future value relative to another currency. If you think the future value will be higher then you buy to speculate, not to spend. Regarding the idea of actively seeking businesses to accept a coin, it is like a little kid selling lemonaid to help the government pay its bills. The intention might be cute but futile effort really should not be encouraged. Fake markets do not really do any good. What makes one coin better than another? A coin has two things. It's history and its dev. You can look at those two things and get an idea of its future. Tranz has made some miscalculations in my opinion but he has always tried to look out for the smallest of investors rather than the biggest. In my opinion this attitude will be the key to any successful coin, even though it is the opposite of what causes success in fiat. Also Luposian you talk about 'the real world of usd and euros'. What is that real world? It is an economy in which people you do not know can use the power of the currency you are forced to use to invade countries you never heard of for reasons that make no sense. This has led to such widespread abuse of fiscal powers that those currencies are possibly beyond saving. With crypto the medicine is obvious. If Tranz decides to add a fee to the wallet in order to buy guns to help invade Zygstgrigastan you can switch to a different currency. He cannot arrest you or monitor you as a possible threat. I don't think he plans to do that but if he does you can cast as many votes as you have coins. Mostly I agree with the other commentators. However the next big rise in crypto is likely to be much more abrupt and substantial than the rise in late 2013. So if it happened right now hbn would probably rise hundreds of times faster than bitcoin. But if it happens in 6 months or a year, when there may be tens of thousands or hundreds of thousands of cryptocurrencies then hbn will still outstrip btc but not as much. The key thing to watch for is probably the widespread political use of an altcoin in a less developed region. My best bet right now would be a coin issued in Tunisia to support the protest movement in that region. This is the perfect opportunity and place for an explosive growth in the practical use of crypto. There is the added intrigue that most westerners are misinformed about the nature of the popular disatisfaction there. Our governments tell us one thing, reality is another thing. There will probably be huge opportunities for people who can see past the ideological bullshit being spewed on both sides.
  2. There are a few different issues being mixed here. 1) For a market to be effective it has to be natural, organic. If Kmart decided to accept a coin based on their calculations, it would create a natural market and be beneficial. 2) An artificial market, going out and soliciting companies to accept a coin, might be useful as a marketing ploy but it is not a sound strategy. 3) Positive price pressure at this point comes 99% from speculators and 1% from people who want a coin they can buy things with. Even miners would rather have cash or hold onto a coin for speculative reasons than buy something. 4) A natural market can be created sort of, based on what worked with bitcoin. That market though starts with the user and involves users who would turn the coin into cash. The benefit from that economy comes from increased awareness of the coin as well as the removal of a quantity of the coins from speculators into another economy. The previous example was paying poor people to do grunt work online. There are places where literate people will work online gladly for usd 0.5 per hour or less, without it being exploitative. That can be done with any coin, and if it is done well it will help the coin. Again that was a significant factor in spreading awareness of bitcoin and in getting socially active people, humanitarian types, "on the bandwagon". - - Luposian, when you talk about a coin being useful because you can buy things online you are not being entirely accurate. There is no reason to buy anything right now with any coin, unless your purpose is to promote the coin rather than specifically to buy something. Your national currency is much better than any coin for regular purchases right now. Tranz, you are a little more direct about the purpose of getting merchants "onboard", and more realistic about its effect, but my opinion is that it is a complete waste of effort. I have followed your work enough that I'll buy a coin because you are working on it, knowing mistakes will be made but the coin will improve for the long haul. In this case I think you are allowing yourself to be swept into the popular misbelief that phony markets benefit a coin. However the idea of promoting a useful microeconomy, like a low income online job that pays in hbn, would be doable and helpful to the coin. Here are the first 8 links for btc work on yahoo and so on. That is a real economy, small though it may be. It actually does help practically. So a project to promote hbn that way would have a meaningful effect. Phony markets do not. I'd be okay to help another person figure out how to start a business doing that but I probably am not the person to do the business.
  3. All through history, the values of currencies have been unstable. Imagine a 500 year timeline. First no dollar. Then the dollar appears. Then very briefly, for just a moment, the $100 item you are refering to is available for $100. Soon it will not be. Will the price of the $100 item go up or down? If you are convinced the dollar is stable and its purchasing power will remain intact then we differ on that right now. or from a different perspective Some things are natural uses. For example if you eat food you are using the food up, exhausting it, depleting it. It disappears after you do that. A sandwich does not exist after you have eaten it. So the sandwich is a commodity. If you lived alone in the woods you would gather all of the commodities you needed, or die. When you needed a sandwich you would have to find one or make one. There would be no price attached, only the natural reward of finding one e.g. nourishment or the natural penalty for not e.g. hunger. In a society you trade commodities. You have ten sandwiches and I have ten shoes then we trade.To speed things up we might find a portable commodity like gold or silver. Metals have specific uses as commodities but that use can also be reduced to a derivative. So silver is useful for jewelry but it has a derivative use as a trading commodity. Then you can take the derivative aspect a step further and make coins. One silver coin equals one sandwich or one pair of shoes. Then a step further reducing derivatives and you can make a piece of paper that represents a piece of silver that represents a sandwich. You need guns to get people to go along with that. At this point in history the norm is for governments to abuse their power to create derivatives of derivatives. But their solutions all involve creating even more derivatives. So then some people suggest an alternative, digital currency. Unless something better comes along it is at least pointing in the right direction. It is a very unstable market, and success depends on anticipating a lot of things, but long after your $100 item cannot be purchased for $100, it will be available for purchase with a digital currency probably.
  4. Currency is not meant to be used. Commodities are meant to be used. Currency is a speculative asset that you acquire in the hopes of trading later for a commodity. I understand your argument but there is a reason people invest or speculate. They hope or think that the value of what they are investing or speculating in will increase. If you pick up a loaf of bread at the store, what are you going to do with it? You cannot eat it because then you will get arrested for shoplifting. So your intention is first to pay for it, or hide it under your coat or whatever, then to take it home. Sometime later it will be eaten. Likewise if you have money in your pocket, why are you not spending it? Why do you leave it in your pocket? Because there is no use for it right now. Only later when you are at a store will there be a use for it. So should you throw it away since it has no use yet? It is possible a flaw will be found in bitcoin code that will drive bitcoin to zero. It is also possible bitcoin will rise to several hundred thousand dollars per coin in the next surge. So should a person avoid it because it might go to zero? Or should they sell their children to slave traders and buy as much as possible?
  5. @Luposian Your'flash in the pan' comment is weak. Cryptocurrency has been at its current level for only about 2 years. But even in that time it should be evident that volatility rules. Your interest in who or what accepts hbn likewise. A lot of coins create phony markets for their currencies, squeegies that you can buy with squeegycoin, etc. Hbn has done that a little. That is a silly game meant only to attract overanalytical people. The cryptoeconomy develops in predictable stages. Phony markets is not one of those stages. Real markets for digital currencies will develop out of practicalities. One of the biggest early boosts for bitcoin was when very low income people could make 25% of minimum wage by doing online work which paid btc. The final huge step will be when a coin or algorithm is developed which can only be mined by an individual and in which no individual has advantage over another. It will be the colt .45 of the digital frontier and no other algorithm will beat it. Right now all cryptocurrencies added together are barely worth usd 10b or so. In other words about nothing. There will always be at a minimum thousands of coins with multi million usd caps at todays usd value. Even when a sustainable algorithm is developed, people will still have preferences and want to make political statements through their choice of currency. So the tricky thing right now is to choose coins with low market caps that have stable devs and which are likely to adapt well to major changes. Trying to find a coin today based on whether you can shop at Sears with it really is poorly thought out. Bitcoin has some utility today, but a market cap of 5b or whatever it is. Hbn has much less utility but a market cap of 100 or 200k or whatever it is. You can easily predict that a core part of the cryptocurrency economy will be the exchange of coins. In fact exchanges will probably be more important than coins. So whichever coin you buy will be useable once this economy develops. It will be as easy to spend one coin as any other. But if you buy the wrong coin you will have to spend it quickly. The staking question I don't know anything about but the last time I staked it took so long for the wallet to sync that until the coin is speeded up I only plan to sync a few times a year.
  6. Hobonickels bounces back and forth between 'lots of problems' and 'near perfection'. First it was a cool coin. Then it was garbage. Then it was supercool. Then in the dump again. on and on The website now is perhaps the best coin website out there. At least the top 2%. AND NOW THE WEBSITE CRASHES. oh well. The big problem that limits the coin is the heavy blockchain. I've sent a bunch of people to hbn but some are impatient and prefer the newer coins with faster blockchain downloads and syncs. Still one of the best long term coins with a reliable stable team.
  7. It's one of the very few best coin sites of many dozens I've looked at so obviously you two and others working on it are doing a better job than other sites. I understand how important mining is and of course I also notice that HoboNickel's site is much more discreet with mining than some others. To give an extreme example, imagine you are a person who recently heard about cryptocoins and you start looking around and land on, which I'm sure is an excellent coin. Another suggestion might be a faucet linked from the main page. That would be more attractive to "regular people" than mining stuff. And you could use advertising credits that are available free to promote it, like free Adwords credits etc. Maybe a donation address on one side and the faucet gives out 1/thousandth of whatever is in it. Just an idea.
  8. Some more general observations. At "HoboNickels are a cryptographic currency, similar to Bitcoin, that are designed to..." might sound better with "is" instead of "are". Regardless, you should make the use of the word consistent over different pages. Another example, from the Wiki, "Hobonickels use Proof of Stake algorithm" and "HoboNickels begin the staking process at 10 days" and "HoboNickel wallets have been designed". I don't really know which is correct, probably HoboNickels as singular despite the "s", but it should be the same everywhere. At "The 2-5% Proof of Stake is also one of the most generous staking algorithm released ." Algorithms. Another opinion. The links on the top of the page "mining pools" and "donate" do not help. Those links would be better someplace else. Developers could be supported maybe by relevent but sparse ads from Commission Junction or a similar service and/or by offering important "extras" like an additional exchange market. Mining should really be ignored. If people want to mine, fine, but the mechanics of the coin should not be prominent on the site. When you go to the Bureau of Printing and Engraving site you don't see them pushing info on how the machines crank out zillions of notes a second using such and such ink. It's important but it is not a selling point, it makes people leave or snore. If you put a tiny sentence somewhere "If you want to try mining Hobonickels..." etc it would be more than enough.
  9. Here is something that has to be clarified. My impression has been that proof of work ends at some point and proof of stake continues indefinitely. Now I get the impression that both will end at some point. Can a person say that at some point there will be 120 million HoboNickels and no more even with stake? The more I read through posts about HoboNickels the better it looks compared to other coins. In a few weeks when I get resettled, I'm moving to Hawaii, I may try to contribute to the wiki.
  10. One that sort of twisted me was on the main site page it says "Official Wallet ClientsQT Wallet GitHub (Windows & Mac) QT Wallet 1.3 - New Release!" Then on the proof of stake page it says "The newest version of the wallet client ( requires..." Its a trivial thing but it creates questions instead of answers. Another issue that some people will notice is that the writing style is not suited to a Wiki. It's okay to have a headline "How Do I Setup My Wallet?", but in the information paragraph below that it is not okay to say "So for example I could type: walletpassphrase mybadpassword 999999". Even though that proof of stake page is more helpful than any findable info on other proof of stake coins, it's still not written well enough. Also... Coins will not attract the general public until they are directed to the general public, and about 99% of the general public that lands on a mining page will exit the site from there. The core of the site should be something with appeal to a lot of people. Then something further down about proof of stake, which would appeal to anyone who bought Hobonickels. Then much further down details about proof of work for people who deliberately look for that page. The *overall* quality of the wiki is very high but it would be more effective if it saw the world from the perspective of *anyone* rather than the narrow few interested in mining. There is a sort of mental inbreeding where all the people on boards talk about mining so the people on the boards think mining is the biggest facet of coins. For most people who will buy coins mining = zero, boring, technical, grunt work. It's like you go to a toilet store and they have pictures of turds everywhere. It's not a selling point. Mining might be important but it should be hidden a bit from the general public. But to give some balance, the first thing you see on the Hobonickels main page is 1) set up wallet 2) buy or mine 3) stake. That is extremely strong. Many people will exit immediately from most of the coin sites out there, but Hobonickels does not repel anyone with the silliness common on other coin sites.
  11. Some quick positive and negative feedback about HoboNickels from the peanut gallery. 1) Overall this looks like one of the best "tiny" coins but there are small problems a person notices. 2) The biggest negative is things like the broken link on the cgminer page. W3C has a free linkchecker at that will check the whole site. There are lots of free tools to clean up stuff like that. Some of the references too are not up to date, which may seem trivial but a person notices it. 3) The biggest positive is the seriousness of the developers. I almost puke when I see some sites that are obviously aimed only at gamblers and miners rather than being serious coins. The Hobo group are very high quality types in my view who increase the chance of success even if they have weird pictures, Lawrence of Arabia with a sheet on his head etc. Overall the coin and the developers project an "ethical" tone in their writing that is lacking in most coins. In that regard I put Hobo with peercoin. 4) One technical long term issue that comes to mind is the effect of such high stake interest over time. Right now it encourages short term investors but if the stake declined with time then it would attract more longer term thinkers as well. 100% a year will lead to trillions of coins before too long and quadrillions not too long after that and pentillions and whatever comes after that.