[AC] AsiaCoin | Pure PoS | 100% Interest

[Maestro1]

Bter told me to wait for an official update, not very reassuring.

Our largest wallets haven't been changed in a while, so I'm optimistic that the AC on Bter was not stolen. If you had AC on Bter, please post how much.

[fonzerrellie]

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.

actually after looking at mintcoins year end staking stats... not even half the coins were staked, so it's inflation was not even 10% of the 20% it could have been. which means 20% was not enough incentive for the majority to hold and stake.

I have a bunch of coins that are 5 - 10 % and I always notice that they seem to have more coins sitting on exchanges waiting to sell than staking. which is a hell of a lot worse than than a bit of inflation.

[Enthef420]

Bter told me to wait for an official update, not very reassuring.

Our largest wallets haven't been changed in a while, so I'm optimistic that the AC on Bter was not stolen. If you had AC on Bter, please post how much.

Had .1btc on bter and around 100k AC.

I will be moving the tipbot onto a linux server cloudserver and updating the code to the tipbot you can donate to my AC address listed below if you feel the work is going in the right direction.

I like the idea of a crowdfund is this something I can help put together?

[ORiN]

Bter told me to wait for an official update, not very reassuring.

Our largest wallets haven't been changed in a while, so I'm optimistic that the AC on Bter was not stolen. If you had AC on Bter, please post how much.

Had .1btc on bter and around 100k AC.

I will be moving the tipbot onto a linux server cloudserver and updating the code to the tipbot you can donate to my AC address listed below if you feel the work is going in the right direction.

I like the idea of a crowdfund is this something I can help put together?

An AC tipbot? Will we be able to deploy it for other purposes as well?

[bittcoinn]

explorer https://chainz.cryptoid.info/ac/#!extraction
again few strange wallets

wallets protocol 2.0.1   - now single IP ( also a node for Hyperstake and some other coins )
wallets protocol ,,zero'' - this is single IP in China 221.232.159.150 and for sure it is not a exchange

my question :
1. if someone modifies 2.0.0 wallet to such extent it shows 2.0.1 protocol or ''zero'' protocol would it be considered legit ?
2. for what reason he does such - possibly - hard work ? where is a profit ? could such a wallet stake much faster ?

[bittcoinn]

difficulty now 2.20

usually for a long time between 0.05 to 0.2

is it an attack ?

[bittcoinn]

difficulty now 2.20

usually for a long time between 0.05 to 0.2

is it an attack ?

update 2339 GMT now difficulty 2,50

update 0011 gmt diff 3.53 WTF?

[Maestro1]

explorer https://chainz.cryptoid.info/ac/#!extraction
again few strange wallets

wallets protocol 2.0.1   - now single IP ( also a node for Hyperstake and some other coins )
wallets protocol ,,zero'' - this is single IP in China 221.232.159.150 and for sure it is not a exchange

my question :
1. if someone modifies 2.0.0 wallet to such extent it shows 2.0.1 protocol or ''zero'' protocol would it be considered legit ?
2. for what reason he does such - possibly - hard work ? where is a profit ? could such a wallet stake much faster ?

2.0.1 is basically the wallet version in the Linux source code, as there have been a little cleaning done on the code (it hasn't been anywhere near enough to warrant a new wallet release for all platforms though). If you compile from the Linux source, it will recognize it as 2.0.1 (or whatever version number, if you edit it before compiling). There's no difference, the only way the blockchain would accept their stakes is that if their stakes follows the same rules as everyone else's.

[Maestro1]

difficulty now 2.20

usually for a long time between 0.05 to 0.2

is it an attack ?

A few of our big wallets started staking, this happens every now and again and will increase difficulty significantly. Increase in difficulty is not indicative of an attack.

[Maestro1]

Bter is back online. I suggest trying to withdraw the coins as soon as they enable it and trade on Cryptsy or CoinSwap.

[jacktheking]

Android wallet coming soon? How soon is your soon? I'm looking for a light wallet for AsiaCoin..

[ORiN]

difficulty now 2.20

usually for a long time between 0.05 to 0.2

is it an attack ?

update 2339 GMT now difficulty 2,50

update 0011 gmt diff 3.53 WTF?

Higher difficulty doesn't mean AC network is under attack. You might want to take a chill pill.

[ORiN]

Android wallet coming soon? How soon is your soon? I'm looking for a light wallet for AsiaCoin..

At the moment, we don't have an Android developer who can work on the wallet anymore.

[bittcoinn]

difficulty now 2.20

usually for a long time between 0.05 to 0.2

is it an attack ?

update 2339 GMT now difficulty 2,50

update 0011 gmt diff 3.53 WTF?

Higher difficulty doesn't mean AC network is under attack. You might want to take a chill pill.

thanks for info

then - what would constitute an attack ?

when wrote this post about difficulty shooting up  to 3.0 considered this:
1.it was never seen this high before
2.lately: strange wallets from explorer : protocol number ''zero'' wallets and ''2.0.1'' wallets occurring and no word on these versions on this page
2.for what reason someone should build new AC wallet (to show wallet versions of ''zero'' and ''2.0.1'') and keep it secret?
3.most obvious explanation : some unclear danger ahead

[Maestro1]

difficulty now 2.20

usually for a long time between 0.05 to 0.2

is it an attack ?

update 2339 GMT now difficulty 2,50

update 0011 gmt diff 3.53 WTF?

Higher difficulty doesn't mean AC network is under attack. You might want to take a chill pill.

thanks for info

then - what would constitute an attack ?

when wrote this post about difficulty shooting up  to 3.0 considered this:
1.it was never seen this high before
2.lately: strange wallets from explorer : protocol number ''zero'' wallets and ''2.0.1'' wallets occurring and no word on these versions on this page
2.for what reason someone should build new AC wallet (to show wallet versions of ''zero'' and ''2.0.1'') and keep it secret?
3.most obvious explanation : some unclear danger ahead

I've already replied to that:

2.0.1 is basically the wallet version in the Linux source code, as there have been a little cleaning done on the code (it hasn't been anywhere near enough to warrant a new wallet release for all platforms though). If you compile from the Linux source, it will recognize it as 2.0.1 (or whatever version number, if you edit it before compiling). There's no difference, the only way the blockchain would accept their stakes is that if their stakes follows the same rules as everyone else's.

[ORiN]

difficulty now 2.20

usually for a long time between 0.05 to 0.2

is it an attack ?

update 2339 GMT now difficulty 2,50

update 0011 gmt diff 3.53 WTF?

Higher difficulty doesn't mean AC network is under attack. You might want to take a chill pill.

thanks for info

then - what would constitute an attack ?

when wrote this post about difficulty shooting up  to 3.0 considered this:
1.it was never seen this high before
2.lately: strange wallets from explorer : protocol number ''zero'' wallets and ''2.0.1'' wallets occurring and no word on these versions on this page
2.for what reason someone should build new AC wallet (to show wallet versions of ''zero'' and ''2.0.1'') and keep it secret?
3.most obvious explanation : some unclear danger ahead

Being open source, anyone can compile an AC wallet version themselves with a protocol number and version number that they want. As mentioned by Maestro1, the blockchain only accept stakes that follow the same rules as everyone else's. Any developer interested in AsiaCoin can tinker and compile the wallet. I don't find it illogical given that AsiaCoin's source code is freely available. At the moment, I am looking at a sub-1 difficulty.

I am not sure what is the 'unclear danger ahead' that you are implying.

[ORiN]

Heads up for interested AC investors. Bter.com has re-opened trading. AC is selling much cheaper there compared to Cryptsy but do trade with care!

UPDATE: There don't seem to be any trading ongoing on the re-opened Bter.com platform.

[bittcoinn]

difficulty now 2.20

usually for a long time between 0.05 to 0.2

is it an attack ?

update 2339 GMT now difficulty 2,50

update 0011 gmt diff 3.53 WTF?

Higher difficulty doesn't mean AC network is under attack. You might want to take a chill pill.

thanks for info

then - what would constitute an attack ?

when wrote this post about difficulty shooting up  to 3.0 considered this:
1.it was never seen this high before
2.lately: strange wallets from explorer : protocol number ''zero'' wallets and ''2.0.1'' wallets occurring and no word on these versions on this page
2.for what reason someone should build new AC wallet (to show wallet versions of ''zero'' and ''2.0.1'') and keep it secret?
3.most obvious explanation : some unclear danger ahead

Being open source, anyone can compile an AC wallet version themselves with a protocol number and version number that they want. As mentioned by Maestro1, the blockchain only accept stakes that follow the same rules as everyone else's. Any developer interested in AsiaCoin can tinker and compile the wallet. I don't find it illogical given that AsiaCoin's source code is freely available. At the moment, I am looking at a sub-1 difficulty.

I am not sure what is the 'unclear danger ahead' that you are implying.

unclear danger ? several items of fuzzy reasoning as for example:
1.major ''hacker'' attacks on exchanges happened last 2 to 3 months
   that means:
 -vultures (hackers) are circling above altcoins market
 -vultures have fresh capital to crash the markets or pay for hacker software
2.last weeks there were quite strong pumps on many altcoins
 -astonishingly such major moves soon after these major exchanges hacked and fresh capital came for ''hackers''
3.there was a thread on bitcointalk this year : someone boasted he has killed some small altcoin blockchain and he promised he would be ''serial killer of altcoins''.
Did not follow that thread ( due lack of time ) - what has happened later in that thread?
4.protocol number ''zero'' showing on AC explorer
 -possiblility that someone hacked this wallet?
5.as protocol ''2.0.1'' was professionally explained by Maestro1 , nobody ever explained what is ''zero'' protocol
 - actually - after some discussion on this page, protocols '2.0.1' disapperared from explorer today. accident or something ?
same for ,zero, protocol - today is not shown
one actually could start guessing if there is a correlation of ''zero'' and ''2.0.1'' protocols shown and higher difficulty on our blockchain ?
and if there is such an correlation - does it mean anything?
during last rise of difficulty till 3.01 - on the explorer it always was shown 5 to 7 wallets with ''2.0.1'' protocol and roughly two wallets with ,,zero,, protocol
6.if a hacker would like to kill a small coin blockchain- he would possibly hit smaller coin where is not enough attention
-as for AC : nobody notices as difficulty unexplainably rises from usual 0.09 ( as today ) till 3.01 ??
7.there always is theoretical possibility that promoters of major altcoins or even bitcoin would like to kill some altcoins from time to time.
do not know if AC could be perceived as threat by anyone from bigger coins now.
Actually this was a business Mintpal was in all the time : it was proverbial at that time : when some altcoin started trading on Mintpal it was soon to be killed
Mintpal - as some serious altcoin traders claimed - was generating up to 90% of turnover with army of bots - all with intention to kill most of coins and pump some chosen coins.

taking all this together - see some possible troubles?

[Maestro1]

unclear danger ? several items of fuzzy reasoning as for example:
1.major ''hacker'' attacks on exchanges happened last 2 to 3 months
   that means:
 -vultures (hackers) are circling above altcoins market
 -vultures have fresh capital to crash the markets or pay for hacker software
2.last weeks there were quite strong pumps on many altcoins
 -astonishingly such major moves soon after these major exchanges hacked and fresh capital came for ''hackers''
3.there was a thread on bitcointalk this year : someone boasted he has killed some small altcoin blockchain and he promised he would be ''serial killer of altcoins''.
Did not follow that thread ( due lack of time ) - what has happened later in that thread?
4.protocol number ''zero'' showing on AC explorer
 -possiblility that someone hacked this wallet?
5.as protocol ''2.0.1'' was professionally explained by Maestro1 , nobody ever explained what is ''zero'' protocol
 - actually - after some discussion on this page, protocols '2.0.1' disapperared from explorer today. accident or something ?
same for ,zero, protocol - today is not shown
one actually could start guessing if there is a correlation of ''zero'' and ''2.0.1'' protocols shown and higher difficulty on our blockchain ?
and if there is such an correlation - does it mean anything?
during last rise of difficulty till 3.01 - on the explorer it always was shown 5 to 7 wallets with ''2.0.1'' protocol and roughly two wallets with ,,zero,, protocol
6.if a hacker would like to kill a small coin blockchain- he would possibly hit smaller coin where is not enough attention
-as for AC : nobody notices as difficulty unexplainably rises from usual 0.09 ( as today ) till 3.01 ??
7.there always is theoretical possibility that promoters of major altcoins or even bitcoin would like to kill some altcoins from time to time.
do not know if AC could be perceived as threat by anyone from bigger coins now.
Actually this was a business Mintpal was in all the time : it was proverbial at that time : when some altcoin started trading on Mintpal it was soon to be killed
Mintpal - as some serious altcoin traders claimed - was generating up to 90% of turnover with army of bots - all with intention to kill most of coins and pump some chosen coins.

taking all this together - see some possible troubles?

At any point you can find things like this for any coin, that doesn't mean there's an attack forthcoming. An attack starts and ends in minutes, there's no sign post days before an attack. Chill out man. All these things are pretty normal and are not indicative of any trouble.

[layer1gfx]

i am for instance one of the guys who lost OMC on allcrypt due to a 51% attack.
now chasing the devs / allcrypt to get my investment back.

no fun if this happens.

often enough smaller alts kill themselves quickly or get kicked out from the exchanges if people finished dumping.

how safe is AC to prevent that ?