[AC] AsiaCoin | Pure PoS | 100% Interest

[Maestro1]

Our data on http://coinmarketcap.com/ is now updated, it showed the wrong total supply before. We're now coin 117 with ~$75,000 market cap.

[fonzerrellie]

Our data on http://coinmarketcap.com/ is now updated, it showed the wrong total supply before. We're now coin 117 with ~$75,000 market cap.

right on, I've been buying a few thousand here and there when I can. what is the network weight for AC? it's not at the bottom of the wallet, get info says the pos difficulty is at  274.46071294?  did it get raised to protect against the threat of pos attack? or has it always been that high?

I figure the long min stake age and high diff would make it trickier for someone orchestrate such an attack, and when they fail they'd have to wait another 2 weeks to try again. although having a max stake age would help even more wouldn't it?

the short min stake age coins (a few hours) would mean they can keep re trying the attacks over and over

[ORiN]

Our data on http://coinmarketcap.com/ is now updated, it showed the wrong total supply before. We're now coin 117 with ~$75,000 market cap.

right on, I've been buying a few thousand here and there when I can. what is the network weight for AC? it's not at the bottom of the wallet, get info says the pos difficulty is at  274.46071294?  did it get raised to protect against the threat of pos attack? or has it always been that high?

I figure the long min stake age and high diff would make it trickier for someone orchestrate such an attack, and when they fail they'd have to wait another 2 weeks to try again. although having a max stake age would help even more wouldn't it?

the short min stake age coins (a few hours) would mean they can keep re trying the attacks over and over

Coins with low minimum staking age are more susceptible to an attack. At the moment, I don't think there is a need for a maximum staking age as that discourages people from staking. I am seeing difficulty of less at 0.1 so I am not sure where you get that difficulty level. You can always refer to the explorer to verify.

[Youghoor]

I am currently trying out Google Inbox and have several invites that I am not using. Anyone interested in paying AC for them?

Google Inbox Invite x1: 5,000 AC

This is not the proper thread for trading.

[Maestro1]

Our data on http://coinmarketcap.com/ is now updated, it showed the wrong total supply before. We're now coin 117 with ~$75,000 market cap.

right on, I've been buying a few thousand here and there when I can. what is the network weight for AC? it's not at the bottom of the wallet, get info says the pos difficulty is at  274.46071294?  did it get raised to protect against the threat of pos attack? or has it always been that high?

I figure the long min stake age and high diff would make it trickier for someone orchestrate such an attack, and when they fail they'd have to wait another 2 weeks to try again. although having a max stake age would help even more wouldn't it?

the short min stake age coins (a few hours) would mean they can keep re trying the attacks over and over

Having a max stake age helps for sure. 274.46 is the PoW difficulty, the last time it was calculated (right at the end of PoW phase). Our PoS difficulty is 0.0548 (you can see it from the block explorer).

[ORiN]

I am currently trying out Google Inbox and have several invites that I am not using. Anyone interested in paying AC for them?

Google Inbox Invite x1: 5,000 AC

This is not the proper thread for trading.

I could use the main trading section but what are the chances of people interested in paying AC for the invite? I believe the interest level is definitely higher within the community thread itself.

[fonzerrellie]

Our data on http://coinmarketcap.com/ is now updated, it showed the wrong total supply before. We're now coin 117 with ~$75,000 market cap.

right on, I've been buying a few thousand here and there when I can. what is the network weight for AC? it's not at the bottom of the wallet, get info says the pos difficulty is at  274.46071294?  did it get raised to protect against the threat of pos attack? or has it always been that high?

I figure the long min stake age and high diff would make it trickier for someone orchestrate such an attack, and when they fail they'd have to wait another 2 weeks to try again. although having a max stake age would help even more wouldn't it?

the short min stake age coins (a few hours) would mean they can keep re trying the attacks over and over

Having a max stake age helps for sure. 274.46 is the PoW difficulty, the last time it was calculated (right at the end of PoW phase). Our PoS difficulty is 0.0548 (you can see it from the block explorer).

k thanks guys

[bittcoinn]

some POS coins and annual POS return
HYP HyperStake 750% PoS
HBN (100%)
CAP(200%)
TEK(500%)
we must look how these coins prosper and/or survive at such high stake rates

[ryanb]

some POS coins and annual POS return
HYP HyperStake 750% PoS
HBN (100%)
CAP(200%)
TEK(500%)
we must look how these coins prosper and/or survive at such high stake rates

BALLS 1000%
MMXIV 2014%

[fonzerrellie]

some POS coins and annual POS return
HYP HyperStake 750% PoS
HBN (100%)
CAP(200%)
TEK(500%)
we must look how these coins prosper and/or survive at such high stake rates

BALLS 1000%
MMXIV 2014%

lol holy moly thats crazy... and people gave AC a hard time about 100%

isn't AC's below 80% by now?

I've been adding a few more AC to my bag whenever I get the chance, ditched a bunch of vdo to buy AC and rbr last night

[ORiN]

some POS coins and annual POS return
HYP HyperStake 750% PoS
HBN (100%)
CAP(200%)
TEK(500%)
we must look how these coins prosper and/or survive at such high stake rates

BALLS 1000%
MMXIV 2014%

On further reading, it seems that HYP and HBN have a max cap on the PoS reward.

[ORiN]

some POS coins and annual POS return
HYP HyperStake 750% PoS
HBN (100%)
CAP(200%)
TEK(500%)
we must look how these coins prosper and/or survive at such high stake rates

BALLS 1000%
MMXIV 2014%

lol holy moly thats crazy... and people gave AC a hard time about 100%

isn't AC's below 80% by now?

I've been adding a few more AC to my bag whenever I get the chance, ditched a bunch of vdo to buy AC and rbr last night

At the moment, AC is still on 100% at least until Apr/May 2015 before it crosses over to 2% per year.

[fonzerrellie]

Oh cool still a few months yet, and 5 % is a nice stable amount to give incentive to keep staking

[ORiN]

Oh cool still a few months yet, and 5 % is a nice stable amount to give incentive to keep staking

5% is comfortable though I am personally fine with just 2% per annum. A higher % doesn't really mean much if the inflation outpace the staking rate.

[bittcoinn]

Dogecoin : transfer takes roughly 1 hour ,
cost of transfer (as far as known) - 1 DOGE
DOGE is quite widely used for transfers

DOGE already had significant crashes and forks

Asiacoin : transfer time roughly 20 seconds
cost of transfer : 0.01 AC (roughly 50 times cheaper)

AC never had a fork (this present wallet)
AC so much better?

[Youghoor]

Still staking and getting lots of coins.

[harry_weener]

Gotta love POS 

[Maestro1]

NeuCoin (french startup that raised $2.25m funds) is using a very similar PoS schedule as ours. I don't know if they got the idea from us (we were first to it).

[Enthef420]

NeuCoin (french startup that raised $2.25m funds) is using a very similar PoS schedule as ours. I don't know if they got the idea from us (we were first to it).

With BTER down... I submitted a coin request to be added to poloniex. Lets see where this goes.

[Maestro1]

NeuCoin (french startup that raised $2.25m funds) is using a very similar PoS schedule as ours. I don't know if they got the idea from us (we were first to it).

With BTER down... I submitted a coin request to be added to poloniex. Lets see where this goes.

Yeah, let's see where this goes. As Bter was our biggest exchange, I assume a good amount of AC were on Bter. I'll try to contact them to see the status of those coins. We'll try to get on a new exchange, preferably an Asian one.