[ANN][AC]AsiaCoin - Relaunch

[tim14]

the altcoins community should form a committee to vet all the new altcoins

Good idea, but who will do the heavy lifting? Most of the muppets want to sit back and stuff their faces with chip bags and then soil themselves after passing out from cheap booze.   

[dirtypolecat]

Well, not entirely if they copy the blockchain.

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).

#2 sounds like the cleanest way to restore order.  I'm ready to try anything with my db and DAT files, I mean at this point I have nothing to lose.

[CryptoSteam]

Well, not entirely if they copy the blockchain.

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).

+1. Are you a coder? If so, it would be awesome if you can help fix this. There is a huge community here bagholding.

[CryptoSteam]

I'm one of the AsiaCoin bagholders. If the dev does not come back with

version #2, then we will have to come up with solutions to fix this.

I'm going to start adding names to this list who are bagholders that

want this fixed. I'll start with my name.

AsiaCoin Bagholders who wants to see a fix:

CryptoSteam
Nicolaas.R
silencesilence
bluebit25
WildChaser777
istop08
GröBkAz
Maxikosw (Maxikose on freenode irc)
hrt
cjp007
kache
minuchi.str
amit2007gunjan
noobthegreat
EEKman (Lost 3K USD. I feel you. I lost tons myself)
Maestro1
Xuorc
probrian
artem6662
Shkembe
Wolden
probrian
bittcoinn
voisina
jarserk
dirtypolecat
masterboy
nin7672
syrota
AC2 (1.35 million AsiaCoin)
Alpinist (200K AC)
X-Laboratories

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).

[micryon]

And another thing.. the clock is ticking on this.. in order to save/preserve blockchain you need to freeze blockchain, that is: agree on a certian block N, after a certain block, all transactions are invalid until the fixed wallet and/or blockchain is rereleased.

Otherwise the premine is still working its way through the network, as we speak.. The network is still live right now.  So the "bad" premine is making its way through to new accounts I'm sure, making it incrementally harder to repair it.

[Xuorc]

I'm one of the AsiaCoin bagholders. If the dev does not come back with

version #2, then we will have to come up with solutions to fix this.

I'm going to start adding names to this list who are bagholders that

want this fixed. I'll start with my name.

AsiaCoin Bagholders who wants to see a fix:

CryptoSteam
Nicolaas.R
silencesilence
bluebit25
WildChaser777
istop08
GröBkAz
Maxikosw (Maxikose on freenode irc)
hrt
cjp007
kache
minuchi.str
amit2007gunjan
noobthegreat
EEKman (Lost 3K USD. I feel you. I lost tons myself)
Maestro1
Xuorc
probrian
artem6662
Shkembe
Wolden
probrian
bittcoinn
voisina
jarserk
dirtypolecat
masterboy
nin7672
syrota
AC2 (1.35 million AsiaCoin)


And see what TokyoGhetto said:

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.

I am a coder but a) not in this area, my experience is in games and b) I don't have a lot of free time.   However I will try to do what I can with no promises.  I'll look through the code as soon as I can.

[silencesilence]

And another thing.. the clock is ticking on this.. in order to save/preserve blockchain you need to freeze blockchain, that is: agree on a certian block N, after a certain block, all transactions are invalid until the fixed wallet and/or blockchain is rereleased.

Otherwise the premine is still working its way through the network, as we speak.. The network is still live right now.  So the "bad" premine is making its way through to new accounts I'm sure, making it incrementally harder to repair it.

after the date and time of dropping cryptsy can easily eliminate residual blocks

[altcoinherald]

And another thing.. the clock is ticking on this.. in order to save/preserve blockchain you need to freeze blockchain, that is: agree on a certian block N, after a certain block, all transactions are invalid until the fixed wallet and/or blockchain is rereleased.

Otherwise the premine is still working its way through the network, as we speak.. The network is still live right now.  So the "bad" premine is making its way through to new accounts I'm sure, making it incrementally harder to repair it.

People are still MINING this. And it's still trading on multiple exchanges.

I think the 'community' needs to take the rest of the night off, have a nice sleep, and wake up tomorrow with a fresh perspective.

The blockchain won't be stopped tonight that's for sure. Plus, exchanges would be CRAZY to allow this coin back on, regardless of a 'takeover.'

Only the largest bagholders will be motivated to continue with this, and their motivations are obvious.

Plus, where are the buyers to bail out the first class of 'investors.'

[micryon]

+1. Are you a coder? If so, it would be awesome if you can help fix this. There is a huge community here bagholding.

I am.. I've created 3 coins successfully, in 2 cases it was to help an existing community that got scammed and/or had failed launches.  Checkout Realstackcoin and GPUC.

But unfortunately.. doing so isn't very profitable for my time and effort.. apparently if you are not scamming its kind of hard to make money creating coins  

Also i've found through previous experience that all this is for not, unless you have a serious and huge marketing leadership (with also money to invest).. able to convince the broader ecosystem (exchanges, blog writers), that this can be resurrected.. it's going to be hard even if a developer fixes the blockchain.

[micryon]

after the date and time of dropping cryptsy can easily eliminate residual blocks

That would be a fine place to start.. as long as this is the general agreement of the community.  Just need to pick a block N... and announce it.

[Xuorc]

And another thing.. the clock is ticking on this.. in order to save/preserve blockchain you need to freeze blockchain, that is: agree on a certian block N, after a certain block, all transactions are invalid until the fixed wallet and/or blockchain is rereleased.

Otherwise the premine is still working its way through the network, as we speak.. The network is still live right now.  So the "bad" premine is making its way through to new accounts I'm sure, making it incrementally harder to repair it.

Can we just pick a block in the very near future and declare it in this forum as the block we will reset from?  Or do we need to do something else?

[micryon]

And another thing.. the clock is ticking on this.. in order to save/preserve blockchain you need to freeze blockchain, that is: agree on a certian block N, after a certain block, all transactions are invalid until the fixed wallet and/or blockchain is rereleased.

Otherwise the premine is still working its way through the network, as we speak.. The network is still live right now.  So the "bad" premine is making its way through to new accounts I'm sure, making it incrementally harder to repair it.

Can we just pick a block in the very near future and declare it in this forum as the block we will reset from?  Or do we need to do something else?

As with everything in cryptos.. it's just all based on distributed agreement.  So yeah.. it's really just about picking an arbitrary block,and agreeing that is the block to freeze at.  But we already have 2 candidates: cryptsy drop, or future.. so it's really about being able to come to a consensus..

[silencesilence]

asiacoin-windows-v1.0.0.1-qt
http://www.filedropper.com/asiacoin-windows-v1001-qt

[tokyoghetto]

+1. Are you a coder? If so, it would be awesome if you can help fix this. There is a huge community here bagholding.

I am.. I've created 3 coins successfully, in 2 cases it was to help an existing community that got scammed and/or had failed launches.  Checkout Realstackcoin and GPUC.

But unfortunately.. doing so isn't very profitable for my time and effort.. apparently if you are not scamming its kind of hard to make money creating coins  

Also i've found through previous experience that all this is for not, unless you have a serious and huge marketing leadership (with also money to invest).. able to convince the broader ecosystem (exchanges, blog writers), that this can be resurrected.. it's going to be hard even if a developer fixes the blockchain.

if you are a gun-for-hire, what is your price?

[CryptoSteam]

I would do the MintPal freeze as they are the first to do it before Cryptsy.

[micryon]

if you are a gun-for-hire, what is your price?

If I were to put a price to it.. (and note: I'm still not signing up for it).

I think it would be fair to place a 10 BTC bounty on an effort that would preserve the existing "network".  

This is a much bigger job than the WC folks.. it requires some surgical scripts to be created.

[Xuorc]

And another thing.. the clock is ticking on this.. in order to save/preserve blockchain you need to freeze blockchain, that is: agree on a certian block N, after a certain block, all transactions are invalid until the fixed wallet and/or blockchain is rereleased.

Otherwise the premine is still working its way through the network, as we speak.. The network is still live right now.  So the "bad" premine is making its way through to new accounts I'm sure, making it incrementally harder to repair it.

Can we just pick a block in the very near future and declare it in this forum as the block we will reset from?  Or do we need to do something else?

As with everything in cryptos.. it's just all based on distributed agreement.  So yeah.. it's really just about picking an arbitrary block,and agreeing that is the block to freeze at.  But we already have 2 candidates: cryptsy drop, or future.. so it's really about being able to come to a consensus..

Ok cool.  My vote is a block in the future as that way we have announced it with fair notice to all concerned.  It will make the trace of bad coins harder but it's pretty hard anyway so it doesn't make too much difference.

[_noname_]

Guys. I hold no AC. So, can I share a neutral perspective. I know many people have lost money in this. It's almost criminal (actually it is criminal) what original dev has done.

But if those 3 billion coins are moving on the blockchain, then I don't think, anyone can save anything now. Is there a running block explorer for the coin and is address of 3 billion coins known?

Just watch that. If those coins are moving. Forget it really. If not, there still may be some chance.

I really wish whole anonymous coin launching goes away forever now and atleast big exchanges ask for identity verification by altcoin creators.

[silencesilence]

I would do the MintPal freeze as they are the first to do it before Cryptsy.

this is not good, a lot of people passing the by that time their coins on wallets to the stock exchanges saw what happens
they will lose their coins

[micryon]

But if those 3 billion coins are moving on the blockchain, then I don't think, anyone can save anything now. Is there a running block explorer for the coin and is address of 3 billion coins known?

Well like i said, it's completely possible to figure out, because everyone has the blockchain.. you just need a crawler script to go through each block and trace the originating bad 3b premine transactions, to figure out all the current addresses where some of those coins exist.

And once that is computed.. then just hardcode a new forked client to block those addresses and those amounts.  

All the data is right there in front of us.. you just need a surgical script to crawl through the blockchain..