[AC] AsiaCoin | Pure PoS | 100% Interest

[ORiN]

guys are fixing a scamcoin 

Given the kind of volumes that AC was trading at, it will be worthwhile as the amount of people scammed should be one of the highest.

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[Collegestudent]

Dear Community

Since we are doing a hard fork, and if other changes to the structure and ecosystem are required, it must be done now. We aimed to be completely transparent and this requires us to really listen to everyone about an important issue: How much should it stake in the first year?

Asia Coin was supposed to stake 100% during its first year, that is not possible due to the extra 30 million AC that was dumped from the premined block. However, we can still do a high value (basically 190 million -> 320 million). It is also possible to reduce staking to a significantly lower value.

So as a community, we need to decide what to do, and the issue is now up for debate. Please respectfully state your opinions (and reasoning/justification is obviously much better than just stating a number ).

Just done some calculations (really should enjoy my vacation) and in order for the total coins to be 320mill from 190mill is 68% interest. However 68% interest is a crazy amt and a reasonable amt is 1-5% interest as many successful coins/currencies dont offer inflation rates more than 5% at the max. 5% would send the total amt of coins to 200mill at the end of the year a very reasonable amt making it very promising. And as to my duties as a Exchange caller i will be doing do later this day once many thins are worked out and im free. 

[ORiN]

Dear Community

Since we are doing a hard fork, and if other changes to the structure and ecosystem are required, it must be done now. We aimed to be completely transparent and this requires us to really listen to everyone about an important issue: How much should it stake in the first year?

Asia Coin was supposed to stake 100% during its first year, that is not possible due to the extra 30 million AC that was dumped from the premined block. However, we can still do a high value (basically 190 million -> 320 million). It is also possible to reduce staking to a significantly lower value.

So as a community, we need to decide what to do, and the issue is now up for debate. Please respectfully state your opinions (and reasoning/justification is obviously much better than just stating a number ).

I will agree with a reduction but not a drastic one. The reason AC captured high attention was due to the first year 100% stake interest and 2% 2nd year onwards. I personally feel that we can reduce the first year stake to 70% stake and subsequent years to 3-5% to beat inflation.

[johntseng]

Dear Community

Since we are doing a hard fork, and if other changes to the structure and ecosystem are required, it must be done now. We aimed to be completely transparent and this requires us to really listen to everyone about an important issue: How much should it stake in the first year?

Asia Coin was supposed to stake 100% during its first year, that is not possible due to the extra 30 million AC that was dumped from the premined block. However, we can still do a high value (basically 190 million -> 320 million). It is also possible to reduce staking to a significantly lower value.

So as a community, we need to decide what to do, and the issue is now up for debate. Please respectfully state your opinions (and reasoning/justification is obviously much better than just stating a number ).

I don't know if it is possible to keep 100% interest, if possible, it should.
As change this spec is possible to kill the coin during relaunch. We should minimize the modify.
I believe many of the investor are attracted by the interest including me.
If change it to a low amount then it is nothing so much different to other POS coins.
If it is not possible to keep 100%, then try to minimize the deduction.
However, I will support whatever the new team do.
Once again, thanks for the great job.

[Deathtoallptots]

Dear Community

Since we are doing a hard fork, and if other changes to the structure and ecosystem are required, it must be done now. We aimed to be completely transparent and this requires us to really listen to everyone about an important issue: How much should it stake in the first year?

Asia Coin was supposed to stake 100% during its first year, that is not possible due to the extra 30 million AC that was dumped from the premined block. However, we can still do a high value (basically 190 million -> 320 million). It is also possible to reduce staking to a significantly lower value.

So as a community, we need to decide what to do, and the issue is now up for debate. Please respectfully state your opinions (and reasoning/justification is obviously much better than just stating a number ).

I will agree with a reduction but not a drastic one. The reason AC captured high attention was due to the first year 100% stake interest and 2% 2nd year onwards. I personally feel that we can reduce the first year stake to 70% stake and subsequent years to 3-5% to beat inflation.

redo your calculation please, there were a total of 141million asiacoins, plus the 30 million premined coins

[Dmann]

Dear Community

Since we are doing a hard fork, and if other changes to the structure and ecosystem are required, it must be done now. We aimed to be completely transparent and this requires us to really listen to everyone about an important issue: How much should it stake in the first year?

Asia Coin was supposed to stake 100% during its first year, that is not possible due to the extra 30 million AC that was dumped from the premined block. However, we can still do a high value (basically 190 million -> 320 million). It is also possible to reduce staking to a significantly lower value.

So as a community, we need to decide what to do, and the issue is now up for debate. Please respectfully state your opinions (and reasoning/justification is obviously much better than just stating a number ).

I will agree with a reduction but not a drastic one. The reason AC captured high attention was due to the first year 100% stake interest and 2% 2nd year onwards. I personally feel that we can reduce the first year stake to 70% stake and subsequent years to 3-5% to beat inflation.

+1

[johntseng]

Dear Community

Since we are doing a hard fork, and if other changes to the structure and ecosystem are required, it must be done now. We aimed to be completely transparent and this requires us to really listen to everyone about an important issue: How much should it stake in the first year?

Asia Coin was supposed to stake 100% during its first year, that is not possible due to the extra 30 million AC that was dumped from the premined block. However, we can still do a high value (basically 190 million -> 320 million). It is also possible to reduce staking to a significantly lower value.

So as a community, we need to decide what to do, and the issue is now up for debate. Please respectfully state your opinions (and reasoning/justification is obviously much better than just stating a number ).

I will agree with a reduction but not a drastic one. The reason AC captured high attention was due to the first year 100% stake interest and 2% 2nd year onwards. I personally feel that we can reduce the first year stake to 70% stake and subsequent years to 3-5% to beat inflation.

redo your calculation please, there were a total of 141million asiacoins, plus the 30 million premined coins

That will be ~87%

[Kazulya]

Buy AC now while very very cheap!!
https://c-cex.com/ AC traiding is live

Is this a trustworthy site? I'm thinking I'll probably buy some back into AC. It's looking like everyone is really coming together to get this going which is giving me some hope to be honest.

Guys can anybody try to check that info i look on Swaphole now and i think that AC can trade here. But all my balance is blocked on Cryptsy, Such more than one day(((( I cannot turn back my BTC and AC and cannot withdraw any coin (( If anybody have some coins on "Swaphole" plz try to trade AC)))  And one question : "Im one cannot withdraw my balance in any coin from Crypsty more than 2 day. And after trouble with AC im not look on balance 20K AC. and any BTC. And now again Cryptsy pending my 0.04 BTC after cancelled order. On start today i have 0.17 BTD now 0.035 BTD. 0.135 BTD is pending in AC and BTC and i cannot check it on my balance. And mb anybody take a look today before AC trouble MintPal and Poloniex blocked the most of their deposits too,like a Crypsty. That 3 trading platform check out AC from trade list in a few second after its happened,its normal practice? Im new here,but i think its strange a little because Cryptsy not show me my balance not only in AC. BTC too they cannot check on that moment.  

Show you private messages

[ozrep]

@micryon

any donation-address? I'd like to send some satoshi to support you and the community.

[kintarooo]

if the premined and/or scamcoin were bought by someone, that's means does he will lose it?

With the current suggest patch.. no, no one will lose except premine.

It is perfect idea   Great

[ahmedjadoon]

Hello! I was holding 23000 AsiaCoin by investing 0.35BTC. Would like to be added to list.

[micryon]

@micryon

any donation-address? I'd like to send some satoshi to support you and the community.

Working on getting one setup.. sorry been coding most of the day.

Donation accounts aren't safe on personal wallets.. so going to put it on blockchain.info wallet.

[sonysasankan]

guys are fixing a scamcoin 

Oh look... a newbie account.... created and came straight here to roll his eyes. We must be pissing off someone  That you AsiaCoin? 

[aisdoge]

I think the first year stake should remain close to 100%. That was one of the most (only?) unique features of AC. It piqued my interest, seeing that I could earn a lot of coins by being an early adopter. If we remove this feature, it will just be another PoS coin capitalizing on the current trend.

[ozrep]

@micryon

any donation-address? I'd like to send some satoshi to support you and the community.

Working on getting one setup.. sorry been coding most of the day.

Donation accounts aren't safe on personal wallets.. so going to put it on blockchain.info wallet.

I agree. That's perfect

[avw1982]

It's fot this solution also the best way to withdraw AC from Mintpal or is the best to let it there in the wallet?

[Maestro1]

It's fot this solution also the best way to withdraw AC from Mintpal or is the best to let it there in the wallet?

Both will work as the existing block chain will be maintained. My suggestion: Leave them there, wait for the fixed wallet and then withdraw to your own wallet to stake or move to another exchange for trade.

[ORiN]

It's fot this solution also the best way to withdraw AC from Mintpal or is the best to let it there in the wallet?

Basically, all the exchanges will need to update their AC wallets to the new hard fork. Current holders will need to update their AC wallets as well.

[avw1982]

It's fot this solution also the best way to withdraw AC from Mintpal or is the best to let it there in the wallet?

Both will work as the existing block chain will be maintained. My suggestion: Leave them there, wait for the fixed wallet and then withdraw to your own wallet to stake or move to another exchange for trade.

Ok. (Y)

[micryon]

@micryon

any donation-address? I'd like to send some satoshi to support you and the community.

Working on getting one setup.. sorry been coding most of the day.

Donation accounts aren't safe on personal wallets.. so going to put it on blockchain.info wallet.

I agree. That's perfect

Okay BTC Donation wallet address setup, addr is : 1FjfP4pRgsjYPQUX5Uep9HMfFw6stsE9G3

Note: do not donate until Maestro has updated OP with instructions.  Just put the address out there so you know it came from me.