elend
Member
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Activity: 95
Merit: 10
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May 03, 2014, 07:53:14 PM |
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I didnt follow the thread, just saw AC are suspended from trading at cryptsy.
So what happended ?
Where can I read what happened ?
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SkyValeey
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May 03, 2014, 07:53:31 PM |
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143,000,000 market cap supply + 160,000,000 first block value equals to 303,000,000, when max coin amount is nearly 360,000,000.
Sounds like POS staking is paying not from network fees, but from beforehand existing segment if it intentionally realized in concealment. Would it mean someone [not dev] already knew about genuine amount and extracted POS supply from first block? I think no1 etc dev have never confirmed this point. And seems like dev's acc also hacked, cuz someone posted this bullshit on his behalf like "Rebuild the website and buy AC now!"
Is anyone still receiving interest to his wallets right now?
LOL dev=scammer asicoin=scam nothing more to understand no hacks, no fud, just reality sad but true |
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lamosty
Member
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Activity: 111
Merit: 10
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May 03, 2014, 07:53:54 PM |
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I didnt follow the thread, just saw AC are suspended from trading at cryptsy.
So what happended ?
Where can I read what happened ?
it turned out AC was a scam |
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SkyValeey
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May 03, 2014, 07:54:45 PM |
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I didnt follow the thread, just saw AC are suspended from trading at cryptsy.
So what happended ?
Where can I read what happened ?
read all today's posts |
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amit2007gunjan
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May 03, 2014, 07:55:05 PM |
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The whole situation has been handled like a disaster. Watch how Moganzo salvaged the Whitecoin fiasco. Developers ran away with the premined ,Blockchain was under attack. He took charge and made a community of coders, won the confidence of the wc community and saved the coin from the brink of disaster even he took some support from reluctant Developer.
Some guy discovered a potential scam here and advertise it to whole world instead of disclosing or discussing it with dedicated and experienced members of the community ,inadvertently attracted millions of trolls to badmouth and spread fud and literally bring AC and millions of investment on the verge of death.
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lamosty
Member
Offline
Activity: 111
Merit: 10
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May 03, 2014, 07:58:16 PM |
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The whole situation has been handled like a disaster. Watch how Moganzo salvaged the Whitecoin fiasco. Developers ran away with the premined ,Blockchain was under attack. He took charge and made a community of coders, won the confidence of the wc community and saved the coin from the brink of disaster even he took some support from reluctant Developer.
Some guy discovered a potential scam here and advertise it to whole world instead of disclosing or discussing it with dedicated and experienced members of the community and literally bring AC and millions of investment on the verge of death.
I've lost some BTCs but I think sometimes it's better to let it die than to forcefully keep it alive. There are better coins. |
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hammerbrain
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May 03, 2014, 08:01:11 PM |
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The whole situation has been handled like a disaster. Watch how Moganzo salvaged the Whitecoin fiasco. Developers ran away with the premined ,Blockchain was under attack. He took charge and made a community of coders, won the confidence of the wc community and saved the coin from the brink of disaster even he took some support from reluctant Developer.
Some guy discovered a potential scam here and advertise it to whole world instead of disclosing or discussing it with dedicated and experienced members of the community and literally bring AC and millions of investment on the verge of death.
But if nothing was said people could have still profited maliciously. This is just sad. The dev is a quack.....I'd be very careful with any V2 |
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TTM
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May 03, 2014, 08:03:37 PM |
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Some guy discovered a potential scam here and advertise it to whole world instead of disclosing or discussing it with dedicated and experienced members of the community ,inadvertently attracted millions of trolls to badmouth and spread fud and literally bring AC and millions of investment on the verge of death.
Oh now you're blaming the people who discovered this scam instead of blaming developer ? He help us cut huge potential loss. Just imagine if dev decided to dump all the remaining of his premine, the price would be 1 satoshi. What kind of asshole you are ? |
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battbot
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May 03, 2014, 08:05:45 PM |
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The only promising 100% PoS coin next to BC is CinniCoin. BC has already reached high value. Cinni is just getting started... and will be the next coin to moon as BC did.
Are you on the Cinni train?
I am.
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amit2007gunjan
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May 03, 2014, 08:06:17 PM |
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Some guy discovered a potential scam here and advertise it to whole world instead of disclosing or discussing it with dedicated and experienced members of the community ,inadvertently attracted millions of trolls to badmouth and spread fud and literally bring AC and millions of investment on the verge of death.
Oh now you're blaming the people who discovered this scam instead of blaming developer ? He help us cut huge potential loss. Just imagine if dev decided to dump all the remaining of his premine, the price should be 1 satoshi now. What kind of asshole you are ? First behave yourself. Second, I am not blaming discovery of potential fraud, but the way it has been handled.Better option could have been the community takeover. |
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elviselvis101
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May 03, 2014, 08:06:46 PM |
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the altcoins community should form a committee to vet all the new altcoins
Thats a very good idea, how about HOC ? or something similar .. |
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TTM
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May 03, 2014, 08:11:58 PM |
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Some guy discovered a potential scam here and advertise it to whole world instead of disclosing or discussing it with dedicated and experienced members of the community ,inadvertently attracted millions of trolls to badmouth and spread fud and literally bring AC and millions of investment on the verge of death.
Oh now you're blaming the people who discovered this scam instead of blaming developer ? He help us cut huge potential loss. Just imagine if dev decided to dump all the remaining of his premine, the price should be 1 satoshi now. What kind of asshole you are ? First behave yourself. Second, I am not blaming discovery of potential fraud, but the way it has been handled.Better option could have been the community takeover. You are wrong about Whitecoin, its situation was much better than Asiacoin now. whitecoin premine is small and the currency can move on without considering that premine. Now look at 3 billion premined AC, compared with 140 million coins in circulation, you just can't rebuild everything as Whitecoin did. The only solution for Asiacoin is letting it die. |
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kache
Full Member
Offline
Activity: 140
Merit: 100
Bored
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May 03, 2014, 08:12:58 PM |
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Ouch, I wish I knew about this sooner. When I learned about it Mintpal already closed the market. 0.2BTC gone.  |
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Synarchist
Member
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Activity: 66
Merit: 10
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May 03, 2014, 08:13:29 PM |
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How is this possible to hide coins from the system without altering the source code of the wallet? Hmm i just checked it out myself and the info checks out. There are 3.24 billion extra 'credits' in there. This would make the 'excess' coins seen in the newest block explorer correct as well. Now is a good time for the Dev to come explain whats going on here. Another f. new hero try to warn us. Im sorry, you were saying? |
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puipamchi21
Newbie
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Activity: 31
Merit: 0
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May 03, 2014, 08:13:47 PM |
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Some guy discovered a potential scam here and advertise it to whole world instead of disclosing or discussing it with dedicated and experienced members of the community ,inadvertently attracted millions of trolls to badmouth and spread fud and literally bring AC and millions of investment on the verge of death.
Oh now you're blaming the people who discovered this scam instead of blaming developer ? He help us cut huge potential loss. Just imagine if dev decided to dump all the remaining of his premine, the price should be 1 satoshi now. What kind of asshole you are ? First behave yourself. Second, I am not blaming discovery of potential fraud, but the way it has been handled.Better option could have been the community takeover. You are wrong about Whitecoin, its situation was much better than Asiacoin now. whitecoin premine is small and the currency can move on without considering that premine. Now look at 3 billion premined AC, compared with 140 million coins in circulation, you just can't rebuild everything as Whitecoin did. The only solution for Asiacoin is letting it die. that dev was telling about 6 Billion premine |
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thedude11
Member
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Activity: 87
Merit: 10
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May 03, 2014, 08:14:21 PM |
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Need to follow coins that are created by renown trustworthy devs, not new account no contact with community devs.
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Maestro1
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May 03, 2014, 08:15:32 PM |
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Some guy discovered a potential scam here and advertise it to whole world instead of disclosing or discussing it with dedicated and experienced members of the community ,inadvertently attracted millions of trolls to badmouth and spread fud and literally bring AC and millions of investment on the verge of death.
Oh now you're blaming the people who discovered this scam instead of blaming developer ? He help us cut huge potential loss. Just imagine if dev decided to dump all the remaining of his premine, the price should be 1 satoshi now. What kind of asshole you are ? First behave yourself. Second, I am not blaming discovery of potential fraud, but the way it has been handled.Better option could have been the community takeover. You are wrong about Whitecoin, its situation was much better than Asiacoin now. whitecoin premine is small and the currency can move on without considering that premine. Now look at 3 billion premined AC, compared with 140 million coins in circulation, you just can't rebuild everything as Whitecoin did. The only solution for Asiacoin is letting it die. that dev was telling about 6 Billion premine 60 billion actually. |
If you're happy with our work on AsiaCoin revival, please consider giving us trust feedback and provide donations to the new AsiaCoin Foundation.BTC: 1LCsuAojeFqf5YamN9iiwEo3VJ9YM8HHjf
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gg234
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May 03, 2014, 08:17:13 PM |
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Good idea and mainly to control any new coins releasing this committee should check the coins devs/IPO's etc which will reduce scam coins the altcoins community should form a committee to vet all the new altcoins
Thats a very good idea, how about HOC ? or something similar .. Good idea indeed. +1 |
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elend
Member
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Activity: 95
Merit: 10
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May 03, 2014, 08:18:41 PM |
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ok, thank you for your answers.
I now understand what happened.
Just my opinion: I have seen several 51% attacks in other coins, which finally survived.
The 51%-attack isn't the problem if the developers create a checkpoint and handle it appropriate.
And exchanges even re-enabled such coin for trade afterwards.
But the huge premine is a new problem never seen in any other coin, as much as I can remember.
The survival of AC depends on whether the devs can handle these premined coins in a approriate manner ....
We will see what the announced AC ver2 will bring to us ....
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silencesilence
Legendary
Offline
Activity: 1120
Merit: 1000
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May 03, 2014, 08:25:31 PM |
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ok, thank you for your answers.
I now understand what happened.
Just my opinion: I have seen several 51% attacks in other coins, which finally survived.
The 51%-attack isn't the problem if the developers create a checkpoint and handle it appropriate.
And exchanges even re-enabled such coin for trade afterwards.
But the huge premine is a new problem never seen in any other coin, as much as I can remember.
The survival of AC depends on whether the devs can handle these premined coins in a approriate manner ....
We will see what the announced AC ver2 will bring to us ....
wait for version AC version 2 |
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