[AC] AsiaCoin | Pure PoS | 100% Interest

[ac2]

herald@altcoinherald.com
May 6 (2 days ago)

to me
Hey,

Deleting this information from the OP is very suspicious.

Utah, as you may know, is a hotbed for scammers.

The guy LOOKS shady.


herald@altcoinherald.com
May 6 (2 days ago)

to me
Hey,

2 other things from his Facebook about page.

His last two employers.

Panda express. EmiratesCoin renamed his thread to Panda with a picture of a Panda when he left last week.
...
Is the old dodgy dev the same guy offering those free panda shares? be wary sending him signed messages of your wallets..

[spcrypt]

Do I need to download a new wallet then? Where from if so.
My current wallet was downloaded the day of the original launch.
I mined 50K I'm not to worried about, but bought about 60K the day of and day before the trading was stopped.

thanks,

[juicejoyce]

what's the plan?
dev

[Specialkey]

  Need a mac wallet. 

[Maestro1]

Do I need to download a new wallet then? Where from if so.
My current wallet was downloaded the day of the original launch.
I mined 50K I'm not to worried about, but bought about 60K the day of and day before the trading was stopped.

thanks,

Yes you need to download a new wallet (keep your wallet.dat backup). We will release the new wallet once the exchanges confirm that they have upgraded to the fix that we shared with them, as it is crucial for the security of the network.

what's the plan?
dev

Explained in detail on the first post, and on the website.

Need a mac wallet.  

We are arranging someone to create a Mac and Android wallet but it could take some time.

[Maestro1]

First Post updated (minor).

[jdebunt]

A small updated article :

http://www.cryptoarticles.com/crypto-news/2014/5/7/asiacoin-source-code-cleaned-up-released-to-exchanges

More to come as you guys keep progressing

[Maestro1]

A small updated article :

http://www.cryptoarticles.com/crypto-news/2014/5/7/asiacoin-source-code-cleaned-up-released-to-exchanges

More to come as you guys keep progressing

Many thanks for covering our progress.

[drmadcat]

First Post updated (minor).

If people bought the premine are the coins still valid or will they disappear with the new wallet.

[czechcoin]

No again please.

[Maestro1]

First Post updated (minor).

If people bought the premine are the coins still valid or will they disappear with the new wallet.

They will be valid. Only the premined coins that were the original developer's wallet are invalidated (which is all the coins that he hadn't sold). I will update first post to clearify this as it is asked multiple times (edit: done).

[mrdennis86]

Greate job "new" team!

[crunchynut]

Greate job "new" team!

well, you are right that there is no proof that the "new" team isn't in fact the old team. there is only a 2 months old account promising us that everything will be fine soon and we'll be back on the road to unlimited wealth. what's really going on and what the true intentions of this "team" really are, we don't know. in this situation we simply have no other option than to trust them and that they really try to save the coin and not to pull of another scam to dump the premined coin. they are in control now. nothing we as normal users can do about it.

[BCMann]

having a working block explorer is a step in the right direction... but i cant connect.. my local problem?

[Nicolaas.R]

having a working block explorer is a step in the right direction... but i cant connect.. my local problem?

nope can't connect either

[MacMuffin]

Can some1 go through all the codes, just to be on the safe side... I mean we cannot know if the devs are in fact all the same as the original dev.

[Specialkey]

Do I need to download a new wallet then? Where from if so.
My current wallet was downloaded the day of the original launch.
I mined 50K I'm not to worried about, but bought about 60K the day of and day before the trading was stopped.

thanks,

Yes you need to download a new wallet (keep your wallet.dat backup). We will release the new wallet once the exchanges confirm that they have upgraded to the fix that we shared with them, as it is crucial for the security of the network.

what's the plan?
dev

Explained in detail on the first post, and on the website.

Need a mac wallet.  

We are arranging someone to create a Mac and Android wallet but it could take some time.

What is with my stakes then?

Thanks for intel:-)

[lionhead666]

Can some1 go through all the codes, just to be on the safe side... I mean we cannot know if the devs are in fact all the same as the original dev.

So what is to prevent the original developer from selling more coins from the premine as we speak? Are you rolling back the block-chain to some point in the past or what, I don't get it?

Im not a coder, but as far as i know, there is a hardcode to block wallet, where the orriginal dev have these premined coins. That's the main reason for stop deposits and withdraws on exchanges and the rason why we'rewaiting for new updated wallet. Those premined coins will be, simply told, ignored.

I am a coder. I'll break it down.

Everyone can look on our AsiaCoin block explorer from the OP that wallet AKPy5ugy98yBkBCNU9Ne1bHExy5tqdq9Gu gained 3228519924.78 AC from transaction 4f2a34278389aac0b88bbb283338d4dac9314ec62e7dba0f263fc4570aa93c3b. If we go back to the first blocks, it's easy to spot that  block 1 is the original dev's premine and has a similarly large value to the dev wallet above.

As for the code fixes, look here and here for the hard coded dev wallet bans. We can all see redundant checks to block AKPy5ugy98yBkBCNU9Ne1bHExy5tqdq9Gu in ProcessBlock, IsStandard, and AcceptBlock. Check it out for yourselves. Each dev wallet ban in the code looks similar to this:

Code:

static const CBitcoinAddress lostWallet ("AKPy5ugy98yBkBCNU9Ne1bHExy5tqdq9Gu");

Code:

if (lostWallet.Get() == addressSource.Get()){
	return error("CBlock::AcceptBlock() : Banned Address %s tried to send a transaction (rejecting it).", addressSource.ToString().c_str());
}

[Maestro1]

To be clear,

It's not only a two-month-old account, as our lead developer (who actually led the coding of the fix and has been very active on this thread) is micryon, who has a pretty trustworthy profile here, and mullick from Cryptsy has been involved in every single step of the development.

Can some1 go through all the codes, just to be on the safe side... I mean we cannot know if the devs are in fact all the same as the original dev.

I think you can assume that micryon and mullick are not the original developers.

I also invite everyone to go through the codes (links are on the first post and on our website), to both confirm that line by line there's nothing hidden there, and also to check that the code does what we claim it does (invalidating the premined coins in the original developer's wallet). Actually when we contacted the exchanges, they can confirm, this is what we asked them to do:

We believe it is absolutely crucial for all exchanges to thoroughly review the source code for two reasons: (1) to be confident about our work and indentions here and (2) to inform us if indeed there is something missed or a bug somewhere

I hope this helps.

[Maxikosw]

Can some1 go through all the codes, just to be on the safe side... I mean we cannot know if the devs are in fact all the same as the original dev.

How can you be sure that new code inspektor is not friend with old code creator if the coin creator is old dev. It could be even old code creator wifes father cats cousin that inspect that new code. O_o