[AC] AsiaCoin | Pure PoS | 100% Interest

[CapSER2.0]

I like this! Come on guys you can do it well!

Quiet work doing things right, take the time it takes!

And you will have you reward!

[johnny_non]

What about:

[ANN] [AC] Official AsiaCoin Revival | Hard Fork and Patch to Rectify Pre-Mine


Shall I set this? Ideas?

this is better 

[crypto_bull]

Nice job team. +1 coming together to fix this.

[fonzerrellie]

right on people, If you can make the premine disappear your going to make a bunch of people very happy. thanks for the hard work.

so the wallets have sound coding? and are safe? or will there be a client update? 

[tokyoghetto]

one possible option to reward paying supporters is as follows. If the new devs can generate a block with a set amount of coins, then distribute those coins to people who pay the bounty. Sort of like an IPO. This would entice people to pay for the bounty in order to receive AC at a discount as a thank you for their support. If the bounty is 8 BTC for example then the devs could generate a block with 8 million coins and offer the coins to bounty payers at 1000000 AC per BTC.

Or else most people here are just going to sit around and wait while others pay up for the bounty. Those that pay for the bounty in BTC should receive AC as a reward.

Thoughts?

[CapSER2.0]

What I never liked of AC is that has a very high interest rate in the first year, And this will bring down its price in the medium and long term! With 5 % is OK!

If you can change that too much better!

Already there are enough coins over with hidden premine sold!

[micryon]

one possible option to reward paying supporters is as follows. If the new devs can generate a block with a set amount of coins, then distribute those coins to people who pay the bounty. Sort of like an IPO. This would entice people to pay for the bounty in order to receive AC at a discount as a thank you for their support. If the bounty is 8 BTC for example then the devs could generate a block with 8 million coins and offer the coins to bounty payers at 1000000 AC per BTC.

Or else most people here are just going to sit around and wait while others pay up for the bounty. Those that pay for the bounty in BTC should receive AC as a reward.

Thoughts?

The way the patch is currently proposed, does NOT allow us to generate new coins out of thin air.  This is a patch that preserves the current blockchain.  Just blocking the premine from being used...

This means that all funds would have to be through donations collected via this project.

[micryon]

What I never liked of AC is that has a very high interest rate in the first year, And this will bring down its price in the medium and long term! With 5 % is OK!

If you can change that too much better!

Already there are enough coins over with hidden premine sold!

yes POS rewards *will* be adjusted via patch , and hard fork..

[Deathtoallptots]

This is a wonderful idea, and it doesn't hurt the people who bought the 30mil.
I was emailing merchants and alt payment processors trying to get them on board with the last project...
If you guys can actually pull this off, I will gladly spend time marketing this project.
Good Luck!

Long Live AsiaCoin

[tokyoghetto]

What I never liked of AC is that has a very high interest rate in the first year, And this will bring down its price in the medium and long term! With 5 % is OK!

If you can change that too much better!

Already there are enough coins over with hidden premine sold!

yes POS rewards *will* be adjusted via patch , and hard fork..

shouldn't the PoS mining rewards remain intact. 100% interest first year is one of the few reasons why i bought AC.

[johnny_non]

don't change the interest rate

[Maestro1]

right on people, If you can make the premine disappear your going to make a bunch of people very happy. thanks for the hard work.

so the wallets have sound coding? and are safe? or will there be a client update?  

There will be a client update which will have the *bad* codes removed from them.

[sonysasankan]

Link to the logo files uploaded here:

https://mega.co.nz/#!sBUVGZDQ!ChIEoPnjp6NCzEZDkyLWJTRTmJM2xokQgGAeLUKuW5c

[micryon]

What I never liked of AC is that has a very high interest rate in the first year, And this will bring down its price in the medium and long term! With 5 % is OK!

If you can change that too much better!

Already there are enough coins over with hidden premine sold!

yes POS rewards *will* be adjusted via patch , and hard fork..

shouldn't the PoS mining rewards remain intact. 100% interest first year is one of the few reasons why i bought AC.

It is going to have to change to account for the extra 30M premine that was already distributed.. basically instead of starting at 160m -> 320m to end of the year with 160m paid out through staking. we must take a dilution of the 30m.. so that it goes from 190m->320m within the year.

[Deathtoallptots]

I don't think the interest rate should be changed either, but I can't get everything I want  and if they change it I'll just be happy they resurrected the coin

Long Live AsiaCoin

[Maestro1]

I don't think the interest rate should be changed either, but I can't get everything I want  and if they change it I'll just be happy they resurrected the coin

Long Live AsiaCoin

It will only be changed to take account of the extra 30 mil dumped coins. Otherwise it will remain the same.

[Deathtoallptots]

What I never liked of AC is that has a very high interest rate in the first year, And this will bring down its price in the medium and long term! With 5 % is OK!

If you can change that too much better!

Already there are enough coins over with hidden premine sold!

yes POS rewards *will* be adjusted via patch , and hard fork..

shouldn't the PoS mining rewards remain intact. 100% interest first year is one of the few reasons why i bought AC.

It is going to have to change to account for the extra 30M premine that was already distributed.. basically instead of starting at 160m -> 320m to end of the year with 160m paid out through staking. we must take a dilution of the 30m.. so that it goes from 190m->320m within the year.

If I remember correctly (correct me if I'm mistaken)  when the 20106 blocked was mined there was only 141million coins ? So with the premine wouldn't that make it 171mil?

[CapSER2.0]

And what good is have twice coins after a year?
If lower the price to perhaps a quarter?
You end up losing!

[Robert Lewandowski]

No more of this trash please. There is enough coins

[micryon]

If I remember correctly (correct me if I'm mistaken)  when the 20106 blocked was mined there was only 141million coins ? So with the premine wouldn't that make it 171mil?
[/quote]

Hmm but 20106/2 * 10000 + 20106/2 * 5000 = 150795000  .. guess it would be 180m or so.