[AC] AsiaCoin | Pure PoS | 100% Interest

[bittcoinn]

bitcoin devs disclosed a vulnerability in October

https://bitcoin.org/en/alert/2015-10-12-upnp-vulnerability

solutions provided:

Either

turn off the checkbox in the GUI under Options → Network → Map port using UPNP

or

add the line upnp=0 to your bitcoin.conf file (asiacoin.conf)

or

add -upnp=0 to the command line options

it is advisable to disable upnp

[bittcoinn]

my opinion of Bitcoin rally

1.rally stops at around 410 levels

2.around a month stays at 400+

3.then slips to 340-350 levels

4.then begins short selling pattern similar as 2014 : lower lows

some reasoning : looking at alexa

bitcointalk slips down http://www.alexa.com/siteinfo/bitcointalk.org

bitcoin.org stabilized http://www.alexa.com/siteinfo/bitcoin.org

mmmglobal.org this mega-scam must finish some day http://www.alexa.com/siteinfo/mmmglobal.org
( offering 100% monthly bitcoin ponzi on a global scale, 20.000 to 40.000 youtube videos )
and after imminent mmmglobal crash BTC image would be burned heavily worldwide
many working class families in India South Africa and elsewhere would remember losing family money on BTC
a clever trick of BTC enemies at New York, Washington DC, Basel and elsewhere - use MMM

edit: after yesterday's dump from 459.2 top to 377 within three hours nobody believes anymore in Bitcoin rally?

started to figure out ( even difficult to imagine today ) that for pump and dump team even better dump will be from 600-650 levels

difficult to imagine today, but theoretically it is possible for pumpers to somehow pump till 600+ within weeks/months

edit : Nov 07, 03:31 UTC : anybody who possibly followed my tip would make an easy 50% to his money in a few days ( without leverages )
-buy at my post at 320 levels
-close at any 410 levels and reverse ( short )
my timing and levels were not 100% exact, but easy 50% profit was possible - easy - by literally following my tip

[Wh1teKn1ght]

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?

[fitinplace]

Hi AsiaCoin team,  i was getting specs for each coin.

1. confirms received?
2. confirms reward?

[5ick3uffalo]

FRom BTER support regarding AC wallet (whats taking so long to be fixed? Until its fixed AsiaCoin is trading at 5000 satoshi lol)


Bter Support (bter)
Nov 9, 17:35

Dear Sir,
Sorry, I am afraid it may take a while before the ac wallet is fixed
The AC withdrawal was cancelled. Please try to withdraw later when the wallet is fixed.Otherwise it may be stuck there.

Thanks for your patience.

[bittcoinn]

FRom BTER support regarding AC wallet (whats taking so long to be fixed? Until its fixed AsiaCoin is trading at 5000 satoshi lol)


Bter Support (bter)
Nov 9, 17:35

Dear Sir,
Sorry, I am afraid it may take a while before the ac wallet is fixed
The AC withdrawal was cancelled. Please try to withdraw later when the wallet is fixed.Otherwise it may be stuck there.

Thanks for your patience.

wallet fixed - most likely only when Asiacoin will be at around 100 or so
( at which price exactly BTER blocking started ? 120 ? 130 ?)
this seems to be the levels BTER sold client's Asiacoins hoping for price fall

[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 ?