No actually. It will be a hard fork. Please refer to the first post or the website.

ETA right now is 7 May (tomorrow night or early hours of the next morning).

Just to confirm that by this logic, no coin has a reason to exist. The promotion of Asia Coin was not that people or continent of Asia need a coin (unlike other country coins), as the promotion of Black coin was not that the colour of Black needs a coin. This is not what attracted the investors and I think what attracted people (fair specifications + high staking) will exist after the hard fork.

I hope that you will see in the future that our intentions are not to push losses on someone else, some of the people helping us out do not even held any AC. and I hope that when and if your honest opinion changes, you will write about it on your blog, as you have done so far.

Why does the colour black needs its own altcoin? Why does *doge* needs its altcoin? I'm not making an argument that because Asia needs an altcoin, we are going to revive Asia Coin. All we're saying here is that Asia Coin was a coin that was launched and attracted a lot of interest and investors (~1000 BTC trade volume on many days). Bad things happened and a lot of people lost their investments, we think we can save Asia Coin and conitnue to support it because it was always interesting, it was fair (in specification), and we can make it what the investors wanted it to be. As you can see this thead is not even self-moderated (unlike many other coins) so that people can ask questions and be sure that their questions will be seen and answered.

We don't think we are doing anything at the expense of any other altcoins. I'm really shocked that you think there's something intrinsically wrong and questionable in what we're doing.


Yes I am from Asia myself, though I live in Europe now (studying) with every intension to go back when I graduate.

The "bad old dev" is not my theory, is a fact well-known. I think your objection is that you don't know whether the new developers are good or bad, which is something you need to judge based on what you observe.

I have been completely honest from the beginning and answered every single question posted here to the best of my ability. I also answered your previous question with a reasonable answer (at least I think so). If you have any other questions, I invite you to ask them clearly   Screaming (super big bold fonts) is not the way to start a conversation if your intensions are pure.


Please ask questions, not make accusations without asking questions or waiting for answers first.

I am one of the people coordinating the new development team, I'm not a developer so to speak (I don't code). Our advice to C-Cex and other exchanges was to suspend trades altogether until we release the fix, this is public on our thread in case you have doubts.

It is your right to think whatever you want I'm doing what I think is the right thing to do at this time and I hope to prove to the community that we are trying to do something good and benefitial for everyone in the cryptocurrency community, not only Asia Coin holders.

Because we asked them NOT to accept new deposits.

The reason is that until the time that we void the premined coins, they can still be moved around. As long as the move is between personal wallets, we can void the coins easily but if the original developer decided to move even more coins to C-Cex and sell them, it's not good as more honest buyers would have paid for coins that are not meant to exist. This has been explained multiple times in the past 2-3 pages.

We shared the same logic with all other exchanges, and they have all agreed that this is the right thing to do until the fix for wallet is released. Some completely suspended trades (which I agree with), C-Cex decided to only suspend deposits, which is good enough for us.

Articles like this are the reason I keep saying that we need true journalism in the cryptocurrency world.

Instead of focusing on the fact that the greatest scam in recent times is completely reversable (benefits of cryptocurrency), and people's investments can be recovered, and proof that the community are the people who own a cryptocurrency, not the developer, all good things for both Asia Coin and the whole cryptocurrency community, the article goes onto criticizing the people who want to do the impossible and their efforts - making Asia Coin what the community wants it to be, rather than what its creator made it to be. The fact that it's not doable on the stock market, but doable here, is a positive statement for cryptocurrency, not a criticism of the efforts of people who want to do it here.

This post is also a good read: https://bitcointalk.org/index.php?topic=595999.msg6572500#msg6572500

If you have not yet followed us on Twitter, please do so! Retweet our tweets, start conversations with #AsiaCoin hashtag and talk to us @AsiaCoin_ to spread the word!

We need a volunteer who has pool managing experience and/or pool development experience.

Please PM me if you have experience. We have excellent plans.

Yes I believe so. We've done a lot of the work already, consulted experts and now are in the security testing phase.

Deposits are disabled on C-Cex, no worries I advise people not to trade before we release the fix anyway, as I believe the trades now are not at the coins true value.

I think the main reason is that they made their wallets offline just to be on the safe side. That also explains why deposits made after a certain time is not showing up on Cryptsy.

ETA is tomorrow, when the work finishes (most likely late hours of the night or early hours of the next morning as developers work late at nights!).


I can't speculate but I strongly suggest people to look into their source code when it's released and if there's something hidden there, expose it very early on.

1. I think it's mostly psychological, and for the people to know that they're not alone and not to lose faith. I mean, seeing a long list of people with significant investments in the same thing helps people realize that as a community and all of us together, we can save the coin.

I think something that a lot of people, especially those looking at us from the outside, don't realize is that this isn't just some people trying to save their investment. This is a great example of why cryptocurrency is important. This shows that the community is far more important than the developers, and that even in a worst-case scenario that the original developers created a coin to scam and get people's investments, the community can take over and save it. I think this can be an example in cryptocurrency debates for years to come, in response to people who claim that it's unreliable.

That's why I think the whole cryptocurrency community should support the revival of Asia Coin. It is good for the whole ecosystem. It increases the confidence in cryptocurrency, and it will be benefitial for all altcoins. I think this is what cryptocurrency blogs and news outlets should focus on when they cover the story of Asia Coin, rather than speculating whether the trade volumes are going to be as much as they were or whether it is just people refusing to accept their loss. We need better journalists covering cryptocurrency.

I personally think a swift change PoS rate from 70-100% to 2-5% is not a good idea, it's a very big change for a coin and its specification. I very much prefer a more slow gradual decrease on shorter intervals (e.g. instead of jumping from 100% in year 1 to 2% in year 2, we can do a slow decrease every 1-2 months until we get to 2% within 2-3 years).

I don't think the original developer thought about the long-term PoS issues of the coin, this is evident from the code he wrote but this is something that we need to decide.

Yes they will be. All detail are explained on the new thread, and on the new website. Please head over:

https://bitcointalk.org/index.php?topic=595999.0

Everything is explained on the first post, and on the website's news page and FAQ:

http://thecoin.asia/news
http://thecoin.asia/faq

The market value of Asia Coin will depend on how the community will react, we are doing everything we can to increase the value of the coin (that includes setting up and promoting multipools, as well as making contact with various exchanges and payment processors to include Asia Coin). But in the end, it will up to the community to see how much they are happy to sell their Asia Coins for. Cryptsy, Mintpal and Bter.com have confirmed that they will resume AC trades once the issue is resolved.

All I can say is that we are fully committed for a long term support of the project, and after we fix the issue, there will be nothing wrong with Asia Coin that endangers its long term success but in the end it's the community that will decide on the worth of the coins.

The value of Asia Coin was around 1200-1300 when the premine news was hit and I believe when we fix the issue, nobody should agree to sell for any less. That is my opinion.


Please read the first post, and the website.

We don't want to change anything, some people suggested a change in PoS rate, so we put it up for debate and asked people to share their opinions

I don't think there's any evidence that the old wallet specifically contained anything that could steal other coins (and never seen any report of it), but a couple of people found some questionable things in memory when the wallet was running.


Yes.