[ANN][AC]AsiaCoin - Relaunch

[Nomistaz]

Add me to the list lost just a little but still 2111 coins

[CryptoBull]

hi there add me please
cryptobull 103k AsiaCoins
Is asiaCoin vers.2 realistic or this is another scam?
How could the exchanges not see that,error or something wrong in the source code?
can we organise people from our great community to resurect the coin in someway?

This was the first coin i was supporting for long term .... So sad about this....te community must deal with this because the dev isnt.....

[bittcoinn]

Response from MP about the account with largest AC deposit, that could probably to dump the premine coins yesterday.

MintPal Jay (Staff)
03/05/2014 11:48 PM
Hi Soad,

The largest deposit we've had is just under 3 million. We don't actually believe any of the premine has been deposited to us from what we can see, or only a very tiny amount would have been if so. However, as the coins are there, there was the risk that it could be dumped at any point, or it could of course have gone to another exchange.

Regards,
Jay
​MintPal

this is great info. if Mintpal ( they can professionally analyse sellers  IP's and analyze sellers behavior ) says we had no premined coins - it might be possible owner of premine has been waiting for more pumps at higher levels in order to multiply his profits. number of 160 million AC coins pointed by dev in his post might be true. this woul mean slightly over 10 % dilution for AC coins

[micryon]

Is asiaCoin vers.2 realistic or this is another scam?

Another scam

How could the exchanges not see that,error or something wrong in the source code?

No one bothered to do a deepscan of the code.  It was right there all along.

can we organise people from our great community to resurect the coin in someway?

Looks unlikely at this point.  Would need some serious prominent members to step up and exchange support..

[bdanyo]

Dear Asiacoin community,
 
We, the Pandacoin (PND) devs feel like giving back to the community with the recent Asiacoin blow up, as part of our coin’s origins and philosophy is to stand against cryptocurrency manipulation and scams. We would like to offer some sort of compensation to current Asiacoin bagholders that have lost money with the recent turmoil in the coin.
 
Compensation offer:
 
If you can provide proof of the amount of Asiacoin that you are currently bagholding, for the first 10 people that take up this offer, we will send you x10 amount the of Pandacoins (PND) that you hold in terms of Asiacoin! So for example, if you hold 10,000 Asiacoin, and is the first 10 to take this offer up, we will send you 100,000 Pandacoins (PND).
 
After the first 10 replies, we are still willing to send you the amount of Pandacoins (PND) to a 1:1 ratio for the amount of Asiacoin that you hold. For anyone with less than 50,000 Asiacoins, the minimum of Pandacoins (PND) received from us is still going to be 50,000!
 
Disclaimer: Maximum 150,000 Pandacoin (PND) per individual, wallet address, and bitcointalk account. Only bitcointalk accounts over 7 days old will be considered
 
Ok sounds good! How do I get some free Pandacoins? -
 
Step 1: Getting your Pandacoin (PND) wallet - Download our wallet by going to either https://bitcointalk.org/index.php?topic=568529.0 or http://thepandacoin.net/ and generating a Pandacoin (PND) deposit address
 
Step 2: Providing Proof
 

 
In your AsiaCoin wallet, go to File > Sign Message. Then click on the address book button next to the address input field and select your address. Then, enter your Bitcointalk forum username in the text box and click the sign message button. Finally, click the copy signature button next to the signature field and paste it in the message for Step 3.
 
Step 3: Contacting us with the information to receive our compensation offer - Go to https://bitcointalk.org/index.php?topic=568529.0 and reply with a post containing the proof of your signature embedded with the address from Step 2, along with your Pandacoin (PND) wallet address to receive our compensation offer for Asiacoin bagholders!
 
Your post should look something like this with the following example -
 
Asiacoin address: ALR6861XReyWD25RrJjzgY1GLe75MLH4DR
 
Balance: 1000.1234
 
Proof: IGkFFI3T29GrP55FqnmkOarblqUsmmfG7XxwwaYYQiwR8wV1hc2QpG7jEUshh1N4pk2uckdid3xDM4d 3AkA/WBY=
 
Pandacoin (PND) wallet address: PHFByB65qhEkG9SK8UjY94t7Phoqq8vnSr
 
 
 
Kind regards,
 
Pandacoin (PND) development team.


Edit: If your coins are trapped in an exchange, so you can't do step 2. You can provide a screenshot in your post over at https://bitcointalk.org/index.php?topic=568529.0in place of step 2 that was listed! I had many people telling me that their exchanges are trapping their coins, so there we go

[mullick]

Ok so here are my findings so far. Please correct me if any of this is wrong. Im on about 24 hours without sleep at this point

Note these:

static const int64 MIN_SUPPLY = 1

static const int64 MIN_STAGE_AMOUNT = 10

(Both in main.h I believe)

Here is the meat

Bypass function 1

Code:

if (txout.nValue > MAX_MONEY * MIN_STAGE_AMOUNT)

return DoS(100, error("CTransaction::CheckTransaction() : txout.nValue too high"));

Which should say if a transaction is larger than MAX_MONEY return error.

But is modified to say

If transaction is larger than MAX_MONEY * 10 ( = 3.4 Billion) return error

Bypass Function 2

Code:

	if (vtx[0].GetValueOut() > GetProofOfWorkReward(pindex->nHeight, nFees) && pindex->nHeight != MIN_SUPPLY)
		return false;

This should state. If BlockValue is larger than GetProofOfWorkReward return false

But is modified to say

If BlockValue is larger than GetProofOfWorkReward And is not block 1 return false

Bypass Function 3

MAX_MINT_PROOF_OF_WORK is just completely removed



There are still a few things im uncertain about. But the database does not lie.

http://199.231.191.241:2750/chain/AsiaCoin?hi=19&count=20  (Please keep in mind with this explorer. All addresses are not correct. Had some issues with the base58.h in asiacoin)

Block     Approx. Time   Transaction Value Out      Difficulty     Outstanding  Average Age     Chain Age   % CoinDD

1    16:00:06                 1           3240000100   0.0     3240000100    0           6.94444e-05   0%

[WildChaser777]

I have some, proof incoming in 1 min.

EDIT: Proof
EDIT 2: https://bitcointalk.org/index.php?topic=568529.msg6536996#msg6536996 - all info sent to PND thread.

[Beaucoupnice]

So it turns out a forensic look into the code of various other coins has revealed more damn scamming.

How can anyone trust cryptocurrency or exchanges like Mintpal again when the industry is rife with crooks.

See here: https://bitcointalk.org/index.php?topic=595056.0

[wer234556]

Add me to the list please. lost 27.9k on Cryptsy

please add me to. have about 110k on Cryptsy

[disco987]

I lost 258K in MintPal

[Killer3D]

Add me, i have 324K AC... and I am very angry

[dogewoge]

I was in it for a total of 78K coins at an average of .00001400 plus I mined from launch to finish which net me 10000 coins.  Sold at an average of .00000650 in panic buy.  I held them a bit longer while the price was going down because the dev said to hold your coins.  I couldnt take the bleeding anymore. Im guesstimating I lost over 50% of what I put in.  Does this get me into the club? I have Mintpal and Bittrex records.

[rudius]

So it turns out a forensic look into the code of various other coins has revealed more damn scamming.

How can anyone trust cryptocurrency or exchanges like Mintpal again when the industry is rife with crooks.

See here: https://bitcointalk.org/index.php?topic=595056.0

Why on earth attacking mintpal? If you are buying, it s at your own risk. The code is open source. They don t have to check anything. They take responsability for their exchange that s all. But if you want to buy a coin, that s on you. They are not at fault here.


Stop looking for someone to take the blame. You are only to blame. You!

FFS, people don t take responsability anymore.
Next time, you buy a coin, put a bounty together and ask someone with good reputation to review the code. In fact, it is as necessary as escrows.

[Stinky_Pete]

You can add my name to that list, with a puny 2600 coins in my wallet.

[k!lowatts]

have lost 125k in mintpal.

[micryon]

IMPORTANT

So from the block explorer (thanks for that) it looks like the dev scammer cashed out 30,130,175.27 of the premine.  He did so slowly over the course of the 2 weeks, in 300-1m increments.. (to not crash the price).. smart..

With an average 1000 sat pricing, that's about 300 BTC.. ~130k USD for this scam in his pocket..

The good news:

It looks like though the rest of the premine is just sitting at address: 2gqkfhoGMLpuwfXsRrSekhBAKRwmRH8sjEg  as of block 18013

http://199.231.191.241:2750/tx/3688b23d8dfa7e770697497247dcd0c037f2869495fd0e44a532c9ab9f1b28e0#i0

This means.. it's may be still possible to salvage this coin.  Even if the coin takes the 30m dilution.. which is effectively 10% and then just block this address...  That dilution could even be recouped by just reducing the staking % over the year to something like 50%, so that the final output can still be 360m.  

There hasn't been that many coins introduced outside of the scam premine wallet address...

Anyways technically this makes it actually much easier to repair, even if you just take the dilution loss of 30m.

[Beaucoupnice]

MintPal tell me they removed AC as soon as they were made aware of the hidden block. It's amazing how the price had to drop to the centre of the earth before anything was done. Sounds dodgey to me.

MintPal also claim they have no duty to audit the code associated with coins. Perhaps they should. Perhaps more should be expected from such places.

MintPal go on to claim there has never been any reason to mistrust AsiaCoin up until last night, although this thread does suggest otherwise. And this thread was the first thing that MintPal directed me to when I raised my issues.

Ladies and Gentlemen, I give you MintPal, the friendly exchange that are here to help. Help themselves to all your hard earned money. Fuck you MintPal. Fuck you cryptocurrency.

[aisdoge]

I'm a large bag holder as well. Can you add me to the list? Thanks.

[mullick]

IMPORTANT

So from the block explorer (thanks for that)

It looks like though the rest of the premine is just sitting at address: 2gqkfhoGMLpuwfXsRrSekhBAKRwmRH8sjEg  as of block 18013

http://199.231.191.241:2750/tx/3688b23d8dfa7e770697497247dcd0c037f2869495fd0e44a532c9ab9f1b28e0#i0

Your welcome

Dont forget the addresses are not displayed correctly. Ill update that in the am

[Rogier92]

So it turns out a forensic look into the code of various other coins has revealed more damn scamming.

How can anyone trust cryptocurrency or exchanges like Mintpal again when the industry is rife with crooks.

See here: https://bitcointalk.org/index.php?topic=595056.0

Why on earth attacking mintpal? If you are buying, it s at your own risk. The code is open source. They don t have to check anything. They take responsability for their exchange that s all. But if you want to buy a coin, that s on you. They are not at fault here.


Stop looking for someone to take the blame. You are only to blame. You!

FFS, people don t take responsability anymore.
Next time, you buy a coin, put a bounty together and ask someone with good reputation to review the code. In fact, it is as necessary as escrows.

Mintpal should check out the code before adding it. Where's the 0,15% trade fee for?
I dont know shit about coding