[AC] AsiaCoin | Pure PoS | 100% Interest

[bittcoinn]

cryptsy looks a bit weird now

there is a lot of talk as for instance

https://bitcointalk.org/index.php?topic=1173703.600

and

https://bitcointalk.org/index.php?topic=1241770.0;all

some user says there : ''Even if they are solvent and work back from this, they wont last, damage is done... No fee trading.... pffft bye bye''

and

''Seems like crypsty 's stock has plummeted in the last few days. It was trading for .035btc in September and now is trading for .006btc. ouch''

Cryptsy stocks: https://cryptostocks.com/securities/57

edit: Nov, 13 more links

more complaints : I have 1,3 btc pending withdrawal from 4 days and BTCD which is impossible to withdraw since more then 2 months
https://bitcointalk.org/index.php?topic=1173703.msg12963420#msg12963420

speculation that Cryptsy was sold in 2014 to Russians
BTC-E has taken over Cryptsy ?
June 27, 2014, 08:35:28 PM
https://bitcointalk.org/index.php?topic=668334.0
this post was never commented by anybody either way
very strange

[Intrepid One]

so it seems as if i have just lost 50,000 asia coins by trying to send them to cryptsy on a old wallet. Why hasn't the website been updated with the latest wallet ? you go to the website and it says that the latest wallet is 2.0.1.0 and then i go and troll through posts to find out there is a newer wallet WTF guys this is total bullshit, i have done nothing but lost money on this fucking coin, since the inception where it was delisted and had then the coins returned and the value drop to nearly nothing, then to spend the next year staking what i have cause it wasn't worth anything and now to try to transfer the coins and loose them because no one can take a few minutes to update the fucking website bunch of amateurs

[bittcoinn]

so it seems as if i have just lost 50,000 asia coins by trying to send them to cryptsy on a old wallet. Why hasn't the website been updated with the latest wallet ? you go to the website and it says that the latest wallet is 2.0.1.0 and then i go and troll through posts to find out there is a newer wallet WTF guys this is total bullshit, i have done nothing but lost money on this fucking coin, since the inception where it was delisted and had then the coins returned and the value drop to nearly nothing, then to spend the next year staking what i have cause it wasn't worth anything and now to try to transfer the coins and loose them because no one can take a few minutes to update the fucking website bunch of amateurs

as to wallet - with nearly 100% certainty Cryptsy uses newest wallet - more precisely - compiling own client from latest source

reasons for Asiacoin delays hard to understand for now
1.possibly defending against some hacks by delaying transfer. In such a case transfers should arrive in some hours/days
2.also quite possible Cryptsy 2.0 new platform is crashing and transfers must be doublechecked by hand ( tough )
3.also theoretically possible that Cryptsy is delaying withdraws because doing some staking - explorer shows over 3.000 wallets as Cryptsy - for sure Cryptsy
has more wallets than this number
these officially known 3.000 wallets are not staking but some unknown wallets possibly could stake
in such a case - delays could be little longer
4.another possible explanation - by disrupting altcoin flow Cryptsy wants to crash altcoin prices. if successful then Cryptsy can make some more profit in arbitraging

whatever reason, Cryptsy is a headache

actually wondering why nobody uses cryptopia exchange

decent non-anonymous exchange from well regulated country

their software is less advanced but very stable

never seen any complaints on cryptopia

[bittcoinn]

I've got about 13,000 UTXO's from June - Sep 2015 that do not want to stake...anyone know what may be causing this issue and anyway I can fix it? I don't want to lose the coin age on these. Perhaps there is some wallet fix command I can run or there is a known fix for such an issue?

Asiacoin network is from time to time under some strange attack, and Asiacoin blockchain behavior is not easy to understand

some weeks ago Asiacoin blocks within 24 hours were found not each roughly 60 seconds but each 110 second all 24  hours

and same day difficulty sunk to absurd low 0.0002

this can be seen on explorer under ''overview'' as soon as it is back online

our developers at this moment cannot explain what kind of hack it was at this day

recently Peercoin was attacked by hackers and PPC blockchain crashed

https://www.reddit.com/r/peercoin/comments/3s714c/attention_peercoins_blockchain_has_forked_because/
https://www.peercointalk.org/index.php?topic=4312.0;all
https://github.com/ppcoin/ppcoin/issues/100
https://np.reddit.com/r/CryptoCurrency/comments/3s8opf/peercoin_blockchain_has_forked_due_to_a_bug/
https://np.reddit.com/r/blackcoin/comments/3sah6g/peercoin_forked_due_to_a_vulnerability_that_more/
https://github.com/rat4/blackcoin/commit/1adbbfc9c36e2d1d705c0840a55f20666012149a
https://www.reddit.com/r/peercoin/comments/3s714c/attention_peercoins_blockchain_has_forked_because/
https://np.reddit.com/r/Buttcoin/comments/3snr8s/sfyl_peerbutt_splits_markets_frozen/
https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-July/009697.html

[dollux]

actually wondering why nobody uses cryptopia exchange

I have been using Cryptopia and it seems to me the biggest problem with Cryptopia is more people need to make the effort to use it.

In my experience Cryptopia have been good, the only slight concern I have is support times are a little slow but taking into consideration that they are living in the complete opposite time zone to me might go a long way to explaining that issue. Plus if I compare to my own recent Cryptsy response times as being none existent then wow, Crytopia are heavenly.

Cryptsy are obviously having their own issues because they haven't always been this evasive.

You probably draw similar conclusions in you own observations, hence you ask the obvious question, why? 

[Horus_Cryptsy]

Hello,

Do you by chance have link to the source code of the newest wallet? I can check against ours and see what's up.

[bittcoinn]

Hello,

Do you by chance have link to the source code of the newest wallet? I can check against ours and see what's up.

source code is at https://github.com/AsiaCoin/AsiaCoinFix

as indicated also on  https://www.cryptsy.com/currencies/view/AC

this source corresponds exactly to wallet version 2.2.1 being used

assemblies as http://sourceforge.net/projects/asiacoin/files/

[disco987]

AsiaCoin Specifications

    Algorithm: Scrypt
    PoW + PoS
    Symbol: AC
    Block Time: 60 seconds
    PoW Phase Block Reward: 10,000 AC
    PoS Phase Staking Rate: 100% annually decreasing to 2% per annum after 1st year
    Min Stake Age: 14 days
    Min Transaction Fee: 0.001 AC
    Max Coins After 10 Years: 336,394,784 AC
    Max Coins After 100 Years: 823,707,260 AC
    Initial Distribution: PoW period of 2 weeks



Bittcoinn, why we have so many coins now, not in 10 years?   https://chainz.cryptoid.info/ac/
It is not clear for me. 345 million at present? Or this specification is not valid?

[bittcoinn]

AsiaCoin Specifications

    Algorithm: Scrypt
    PoW + PoS
    Symbol: AC
    Block Time: 60 seconds
    PoW Phase Block Reward: 10,000 AC
    PoS Phase Staking Rate: 100% annually decreasing to 2% per annum after 1st year
    Min Stake Age: 14 days
    Min Transaction Fee: 0.001 AC
    Max Coins After 10 Years: 336,394,784 AC
    Max Coins After 100 Years: 823,707,260 AC
    Initial Distribution: PoW period of 2 weeks



Bittcoinn, why we have so many coins now, not in 10 years?   https://chainz.cryptoid.info/ac/
It is not clear for me. 345 million at present?

as far as i know, nearly all altcoins have unlimited quantity including Ethereum
i am watching this subject what other coins are doing , but see nothing decisive
good example is 42 coin which was supposed to have 42.00 coins only
now it is as far as i know 52 coins already and growing every day  http://42.blockexp.info/
nearly all altcoins have wrong codes as to limit max quantity
for instance :
https://bitcointalk.org/index.php?topic=320404.msg12120004#msg12120004
mullick ( wallet manager from Cryptsy ) says this time in DMD thread (50% POS)

The following line is commonly mistaken as restricting the total supply. Which it does not.

https://github.com/DMDcoin/Diamond/blob/master/src/main.h#L38

As you can see by the following results its only a sanity check used for transactions. You cant create a single transaction greater than that size.

https://github.com/DMDcoin/Diamond/search?utf8=%E2%9C%93&q=MAX_MONEY

Unless the following line which appears to be unique to dmd restricts it

https://github.com/DMDcoin/Diamond/blob/master/src/main.h#L39

But I dont see that referenced anywhere else in the codebase.

The pos reward allows for endless creation unless otherwise limited

do not know how serious and real is limitation on BTC and LTC ( must ask a dev )

actually, for Asiacoin if someone starts normal Abe Explorer it is still visible a wallet with 3.2 billion coins :
http://www.multifaucet.tk/index.php?blockexplorer=AC&top_addresses=100
shows nice wallet AKPy5ugy98yBkBCNU9Ne1bHExy5tqdq9Gu having 3209869924.73000002 Asiacoins
and exactly same wallet shows when someone starts himself Abe Explorer

having this in consideration, i would say changing Asiacoin code to stop POS at current Asiacoin supply would be very counterproductive
every (potential ) serious investor in Asiacoin would start Abe Explorer first ( 15 minutes for a programmer on Linux ) and see this wallet

[disco987]

AsiaCoin Specifications

    Algorithm: Scrypt
    PoW + PoS
    Symbol: AC
    Block Time: 60 seconds
    PoW Phase Block Reward: 10,000 AC
    PoS Phase Staking Rate: 100% annually decreasing to 2% per annum after 1st year
    Min Stake Age: 14 days
    Min Transaction Fee: 0.001 AC
    Max Coins After 10 Years: 336,394,784 AC
    Max Coins After 100 Years: 823,707,260 AC
    Initial Distribution: PoW period of 2 weeks



Bittcoinn, why we have so many coins now, not in 10 years?   https://chainz.cryptoid.info/ac/
It is not clear for me. 345 million at present?

as far as i know, nearly all altcoins have unlimited quantity including Ethereum
i am watching this subject what other coins are doing , but see nothing decisive
good example is 42 coin which was supposed to have 42.00 coins only
now it is as far as i know 52 coins already and growing every day  http://42.blockexp.info/
nearly all altcoins have wrong codes as to limit max quantity
for instance :
https://bitcointalk.org/index.php?topic=320404.msg12120004#msg12120004
mullick ( wallet manager from Cryptsy ) says this time in DMD thread (50% POS)

The following line is commonly mistaken as restricting the total supply. Which it does not.

https://github.com/DMDcoin/Diamond/blob/master/src/main.h#L38

As you can see by the following results its only a sanity check used for transactions. You cant create a single transaction greater than that size.

https://github.com/DMDcoin/Diamond/search?utf8=%E2%9C%93&q=MAX_MONEY

Unless the following line which appears to be unique to dmd restricts it

https://github.com/DMDcoin/Diamond/blob/master/src/main.h#L39

But I dont see that referenced anywhere else in the codebase.

The pos reward allows for endless creation unless otherwise limited

do not know how serious and real is limitation on BTC and LTC ( must ask a dev )

actually, for Asiacoin if someone starts normal Abe Explorer it is still visible a wallet with 3.2 billion coins :
http://www.multifaucet.tk/index.php?blockexplorer=AC&top_addresses=100
shows nice wallet AKPy5ugy98yBkBCNU9Ne1bHExy5tqdq9Gu having 3209869924.73000002 Asiacoins
and exactly same wallet shows when someone starts himself Abe Explorer

having this in consideration, i would say changing Asiacoin code to stop POS at current Asiacoin supply would be very counterproductive
every (potential ) serious investor in Asiacoin would start Abe Explorer first ( 15 minutes for a programmer on Linux ) and see this wallet

Thanks for the reply.

[HarryPorter]

Thanks for posting on here to you guys, I like this thread as I can find some useful information not just only about AC.

[RJF]

Is there currently an active development team? Anyone looking after Asiacoin? If so, any future plans?

[disco987]

Is there currently an active development team? Anyone looking after Asiacoin? If so, any future plans?

No official team, only Bittcoinn far as I know.

[xhajkx]

Hi there
I've downloaded the latest wallet version 2.2.1 en did exactly as described in the post on page 182 but my wallet can't synchronize bcs there are no active connections to Asiacoin network.
How can I fix this ?

[bittcoinn]

Hi there
I've downloaded the latest wallet version 2.2.1 en did exactly as described in the post on page 182 but my wallet can't synchronize bcs there are no active connections to Asiacoin network.
How can I fix this ?

description of problem too vague

could be for instance
1.firewall blocks Asiacoin ( this is most likely )
2.internet connection or router port forwarding blocked
   ( this is unlikely as Asiacoin should work OK even with port 35656 blocked by a internet provider - unlike Bitcoin core and some other bitcoin wallets having big problems when 8333 port is blocked
   or not forwarded properly )

more details needed ( firewall type, internet connection type, router type and so on )

[MR_BURNS]

The good thing about Asians is that if they don't like the Poppycock then you can always Enola Gay them.

pNZfhtodmzw4CqZhsPoC3ukkSY9CgQyJdo

[shveicar]

Wondering if this coin was created for the Asian market, but why is it not on the exchangers BTC38 and Jubi?
it's more like a game who gets more attention using Asian terms 

[xhajkx]

Hi there
I've downloaded the latest wallet version 2.2.1 en did exactly as described in the post on page 182 but my wallet can't synchronize bcs there are no active connections to Asiacoin network.
How can I fix this ?

description of problem too vague

could be for instance
1.firewall blocks Asiacoin ( this is most likely )
2.internet connection or router port forwarding blocked
   ( this is unlikely as Asiacoin should work OK even with port 35656 blocked by a internet provider - unlike Bitcoin core and some other bitcoin wallets having big problems when 8333 port is blocked
   or not forwarded properly )

more details needed ( firewall type, internet connection type, router type and so on )

None of this helped so I did it all over again: deleted everything in AppData/Roaming/Asiacoin folder except the wallet.dat file. Then I put wallet version 2.2.1 in the same folder and run the file. Wallet synchronized well this time but I LOST most of my coins . Before this  I got about 167000 coins and now after syncing with this new version I only have about 29000.
And the strange thing is that most of my previous incoming transactions are still showing as confirmed, but these coins somehow disappeared from my wallet.
How can this be? What to do to get my coins back?

[bittcoinn]

Hi there
I've downloaded the latest wallet version 2.2.1 en did exactly as described in the post on page 182 but my wallet can't synchronize bcs there are no active connections to Asiacoin network.
How can I fix this ?

description of problem too vague

could be for instance
1.firewall blocks Asiacoin ( this is most likely )
2.internet connection or router port forwarding blocked
   ( this is unlikely as Asiacoin should work OK even with port 35656 blocked by a internet provider - unlike Bitcoin core and some other bitcoin wallets having big problems when 8333 port is blocked
   or not forwarded properly )

more details needed ( firewall type, internet connection type, router type and so on )

None of this helped so I did it all over again: deleted everything in AppData/Roaming/Asiacoin folder except the wallet.dat file. Then I put wallet version 2.2.1 in the same folder and run the file. Wallet synchronized well this time but I LOST most of my coins . Before this  I got about 167000 coins and now after syncing with this new version I only have about 29000.
And the strange thing is that most of my previous incoming transactions are still showing as confirmed, but these coins somehow disappeared from my wallet.
How can this be? What to do to get my coins back?

this is very strange situation
there is one really important question - without this answer is impossible to seek any solutions
the question is : which quantity of coins shows in your wallet Asiacoin explorer:  chainz.cryptoid.info/ac

[xhajkx]

Hi there
I've downloaded the latest wallet version 2.2.1 en did exactly as described in the post on page 182 but my wallet can't synchronize bcs there are no active connections to Asiacoin network.
How can I fix this ?

description of problem too vague

could be for instance
1.firewall blocks Asiacoin ( this is most likely )
2.internet connection or router port forwarding blocked
   ( this is unlikely as Asiacoin should work OK even with port 35656 blocked by a internet provider - unlike Bitcoin core and some other bitcoin wallets having big problems when 8333 port is blocked
   or not forwarded properly )

more details needed ( firewall type, internet connection type, router type and so on )

None of this helped so I did it all over again: deleted everything in AppData/Roaming/Asiacoin folder except the wallet.dat file. Then I put wallet version 2.2.1 in the same folder and run the file. Wallet synchronized well this time but I LOST most of my coins . Before this  I got about 167000 coins and now after syncing with this new version I only have about 29000.
And the strange thing is that most of my previous incoming transactions are still showing as confirmed, but these coins somehow disappeared from my wallet.
How can this be? What to do to get my coins back?

this is very strange situation
there is one really important question - without this answer is impossible to seek any solutions
the question is : which quantity of coins shows in your wallet Asiacoin explorer:  chainz.cryptoid.info/ac

bittcoinn, thanx for the link I checked the balance. Here are the results ( I have used only these 4 addresses for receiving the coins)

1.   AbymkD2eJGr4ShEXNiMotMG2MTezmkYPja ( balance is 31,600.402367 AC )
2.   ANQaNAZ71k9Htg3ptCzs94QQ5F5zQ9dL6f  (balance is 73,770.761951 AC)
3.   ARVwW9oaghCCPPdQsDo53cZHng3tquw2Zq (balance is 52,284.727943 AC)
4.   ATgs3c461RYQ68vUCg5Gw7MdjpyQxJTGVK ( balance is 9,566.670197 AC)

Total balance should be around 167200 AC as I mentioned before. But the wallet shows now a balance of 29063.535378 AC ( with synced wallet)


As you also can see in the blockchain explorer the last stake coins i received on 18-07-2014 en 19-07-2014. After these dates I didn't open my Asiacoin wallet. So in december of this year, after more than a year,  I opened the wallet with the old Asiacoin version ( without knowing that there is a new wallet available).
The wallet started syncing and I started to get stake coins which reached a total amount of about 300.000 AC. I thought this the 100% PoS stake coins which I should be getting over the year, but the synchronizing never got completed ( stopped at around 68%). At this point I started to look if there was a new wallet available and I found it in this thread.
After installing the new 2.2.1 version of the wallet and deleting all the other files ( except the wallet.dat) in AppData/Roaming/Asiacoin folder I'm left with the total of 29063 AC.
So its really strange that explorer shows my 167200 AC but the wallet itself doesn't. I hope this background info can help you to figure out what happened to my coins.

And one more question: shouldn't I be getting stake coins for the time I left the coins in wallet untouched?