there is a theoretical way to fix it.

but not practical. forget it.

You guys don't need the dev to come back. Let him rot in hell. Asiacoin

can still be saved. Create a new blockchain that destroys the hidden

premine and have people exchange their coins to the new blockchain. It

happened with ADT and with Federation Credits.

Get a bounty together and contact the developers.

by looking at the blockchain and the movement of the hidden premine you

can determine where the coins went and how many.

with the amount of people involved...it will be worth it. Rising like a phoenix from the ashes will actually generate more interest in the coin, people will be amazed at how communities can rally together in the face of adversity.

The exchanges will not ignore us, the amount of trading volume this coin brings is INSANE. We need to restore confidence. We will adapt and overcome.

Copying the blockchain would still require surgical removal of the premine transactions all the way through the blockchain.  So you have to do that work anyways.  At which point, there's no point in a new coin, unless it's just for a "rebrand".

Anyways I see 2 methods of fixing it:

  1) Allows use existing wallet.dat and db:
    - a) Pick a current block N, freeze things at that block (meaning any transactions after that is technically invalid)
    - b) Walk through blockchain from the beginning and trace the premine transactions all the way to current block N.
    - c) Find all addresses that have coins that originated from original premine transaction.
    - d) Hard code in the wallet file transaction accept code to BLOCK those addresses from allowing to send those transactions, greater than the amount of the bad "premine".
    - e) Compile, Release new wallet.

    - PRO: you don't have to delete your wallet.dat or db
    - CON: going to be some huge IF statements in the code somewhere..

  2) Allows use of existing wallet.dat (but throw away old db):
    - d) Do the same as above, except deviate from step d)
    - e) Derive a new list of addresses and their "real" coin amounts at block N
    - f) Code in the genesis block of a new chain, a distribution of those coins from this list.
    - g) Compile, Release new wallet.

    - PRO: more streamlined blockchain/db
    - CON: you need to force all users to delete their DB but NOT their wallet.dat (may be some confusion here).

Copying the blockchain would still require surgical removal of the premine transactions all the way through the blockchain.  So you have to do that work anyways.  At which point, there's no point in a new coin, unless it's just for a "rebrand".

Anyways I see 2 methods of fixing it:

  1) Allows use existing wallet.dat and db:
    - a) Pick a current block N, freeze things at that block (meaning any transactions after that is technically invalid)
    - b) Walk through blockchain from the beginning and trace the premine transactions all the way to current block N.
    - c) Find all addresses that have coins that originated from original premine transaction.
    - d) Hard code in the wallet file transaction accept code to BLOCK those addresses from allowing to send those transactions, greater than the amount of the bad "premine".
    - e) Compile, Release new wallet.

    - PRO: you don't have to delete your wallet.dat or db
    - CON: going to be some huge IF statements in the code somewhere..

  2) Allows use of existing wallet.dat (but throw away old db):
    - d) Do the same as above, except deviate from step d)
    - e) Derive a new list of addresses and their "real" coin amounts at block N
    - f) Code in the genesis block of a new chain, a distribution of those coins from this list.
    - g) Compile, Release new wallet.

    - PRO: more streamlined blockchain/db
    - CON: you need to force all users to delete their DB but NOT their wallet.dat (may be some confusion here).

You guys don't need the dev to come back. Let him rot in hell. Asiacoin

can still be saved. Create a new blockchain that destroys the hidden

premine and have people exchange their coins to the new blockchain. It

happened with ADT and with Federation Credits.

Get a bounty together and contact the developers.

by looking at the blockchain and the movement of the hidden premine you

can determine where the coins went and how many.

with the amount of people involved...it will be worth it. Rising like a phoenix from the ashes will actually generate more interest in the coin, people will be amazed at how communities can rally together in the face of adversity.

The exchanges will not ignore us, the amount of trading volume this coin brings is INSANE. We need to restore confidence. We will adapt and overcome.

You guys don't need the dev to come back. Let him rot in hell. Asiacoin can still be saved. Create a new blockchain that destroys the hidden premine and have people exchange their coins to the new blockchain. It happened with ADT and with Federation Credits.

Get a bounty together and contact the developers.

by looking at the blockchain and the movement of the hidden premine you can determine where the coins went and how many.

There's a couple of ways to fix this to eliminate the premine, but it would be quite a bit of effort.  At minimum it would require some kind of transaction/block crawler script that would trace the premine and eliminate it from either a brand new blockchain (that is all valid minus the premine transactions), or through some huge If-statement baked into the new wallet code that blocks those "bad" coins.  Basically the equivalent of carefully orchestrated database rebuild...  So it's possible since the old code was archived, and we have the blockchain..

But then after that would require someone to rally all exchanges/multi pools.. create a new website, etc..

It will surely take some time.. and I'm not sure that it would all be worth it at this point due to the reputation damage to the coin.  

Does anyone find it extreamly lame that so many devs are out here to scam. I mean ya its such good money im sure most people would do it for a quick buck if they had the skills to develop cryptocurrency.

anyhow I think that even if ac2 comes out, the name ac would of have lost so much creditability that no one would buy into it again. does anyone agree with me? or do u still think coins like these will still have a good future ahead of them. I just feel like this is a repeat of wc. the value droped by half over night. in this case the ac value went from 1400 to zero.

does anyone agree?

Cryptosteam do not understand who has bough AC all afternoon :  it has been invested tons of BTC. Where are todays investors? Todays buyers just just weak hands or guys with some knowledge? this is important question at this point.

If anyone wants to post here, please keep in mind that It's a AC forum  -Post only about Asiacoin. No advertisement of other coins and FUD

You guys don't need the dev to come back. Let him rot in hell. Asiacoin can still be saved. Create a new blockchain that destroys the hidden premine and have people exchange their coins to the new blockchain. It happened with ADT and with Federation Credits.

Get a bounty together and contact the developers.

by looking at the blockchain and the movement of the hidden premine you can determine where the coins went and how many.

You guys don't need the dev to come back. Let him rot in hell. Asiacoin can still be saved. Create a new blockchain that destroys the hidden premine and have people exchange their coins to the new blockchain. It happened with ADT and with Federation Credits.

Get a bounty together and contact the developers.

You guys don't need the dev to come back. Let him rot in hell. Asiacoin can still be saved. Create a new blockchain that destroys the hidden premine and have people exchange their coins to the new blockchain. It happened with ADT and with Federation Credits.

Get a bounty together and contact the developers.

You guys don't need the dev to come back. Let him rot in hell. Asiacoin can still be saved. Create a new blockchain that destroys the hidden premine and have people exchange their coins to the new blockchain. It happened with ADT and with Federation Credits.

Get a bounty together and contact the developers.