[AC] AsiaCoin | Pure PoS | 100% Interest

[CryptoSteam]

I have a little bit of this nonsense coin on Cryptsy. Can someone explain if I will ever be able to sell this coin again or if if my coins are just stuck in imaginary limbo forever?

How long are we looking at this 're-launch' taking? Will the market just magically re-open for me on cryptsy and allow trading again?

Anyone care to explain in simple terms when I should expect my AsiaCoins to be worth anything again and not 0?

Dazed & Confused in Texas

ATX

You will still have your coins. Cryptsy has already said they will resume trading as soon as the patch is applied.

[Maestro1]

I have a little bit of this nonsense coin on Cryptsy. Can someone explain if I will ever be able to sell this coin again or if if my coins are just stuck in imaginary limbo forever?

How long are we looking at this 're-launch' taking? Will the market just magically re-open for me on cryptsy and allow trading again?

Anyone care to explain in simple terms when I should expect my AsiaCoins to be worth anything again and not 0?

Dazed & Confused in Texas

ATX

Everything is explained on the first post, and on the website's news page and FAQ:

http://thecoin.asia/news
http://thecoin.asia/faq

The market value of Asia Coin will depend on how the community will react, we are doing everything we can to increase the value of the coin (that includes setting up and promoting multipools, as well as making contact with various exchanges and payment processors to include Asia Coin). But in the end, it will up to the community to see how much they are happy to sell their Asia Coins for. Cryptsy, Mintpal and Bter.com have confirmed that they will resume AC trades once the issue is resolved.

All I can say is that we are fully committed for a long term support of the project, and after we fix the issue, there will be nothing wrong with Asia Coin that endangers its long term success but in the end it's the community that will decide on the worth of the coins.

The value of Asia Coin was around 1200-1300 when the premine news was hit and I believe when we fix the issue, nobody should agree to sell for any less. That is my opinion.

no pos,no mutilpool？

Please read the first post, and the website.

[cjp007]

I have a little bit of this nonsense coin on Cryptsy. Can someone explain if I will ever be able to sell this coin again or if if my coins are just stuck in imaginary limbo forever?

How long are we looking at this 're-launch' taking? Will the market just magically re-open for me on cryptsy and allow trading again?

Anyone care to explain in simple terms when I should expect my AsiaCoins to be worth anything again and not 0?

Dazed & Confused in Texas

ATX

Everything is explained on the first post, and on the website's news page and FAQ:

http://thecoin.asia/news
http://thecoin.asia/faq

The market value of Asia Coin will depend on how the community will react, we are doing everything we can to increase the value of the coin (that includes setting up and promoting multipools, as well as making contact with various exchanges and payment processors to include Asia Coin). But in the end, it will up to the community to see how much they are happy to sell their Asia Coins for. Cryptsy, Mintpal and Bter.com have confirmed that they will resume AC trades once the issue is resolved.

All I can say is that we are fully committed for a long term support of the project, and after we fix the issue, there will be nothing wrong with Asia Coin that endangers its long term success but in the end it's the community that will decide on the worth of the coins.

The value of Asia Coin was around 1200-1300 when the premine news was hit and I believe when we fix the issue, nobody should agree to sell for any less. That is my opinion.

no pos,no mutilpool？

Please read the first post, and the website.

This will truly turn a negative into a huge success story like no other. The AC community is strong and this coin will once again rule the markets.

[micryon]

I have a little bit of this nonsense coin on Cryptsy. Can someone explain if I will ever be able to sell this coin again or if if my coins are just stuck in imaginary limbo forever?

We're working with a cryptsy developer to fix the coin.  Once the fix has been validated they have promised to reopen the exchange.

How long are we looking at this 're-launch' taking? Will the market just magically re-open for me on cryptsy and allow trading again?

Not a relaunch but just a patch.. eta is in 2 days.

Anyone care to explain in simple terms when I should expect my AsiaCoins to be worth anything again and not 0?

Unlikely to reach 0.. actually it's not even 0 today, as junk bond traders today are buying them in bulk for cheap hoping for a big pay off later (via private PMs)...

It will absolutely take a hit in terms of confidence.. it'll be up to the community to hoist it up.  Because in theory, almost nothing will have changed.. we will still reach 360m coins released.  There won't be more than those coins in the system.. So up to everyone to make their own decisions on whether or not to dump or go for broke..

[bluebit25]

is the 100% staking still happening? cause thats a big reason i invested in asiacoin

[rsturtle]

is the 100% staking still happening? cause thats a big reason i invested in asiacoin

This is still undecided, in all likelihood it will be above 70% though.

[micryon]

Huh.. well it looks like the original dev didn't really think ahead past 10 years... The original code burned Tx Fees AND ends subsidy in 10 years..  

So this was destined to need a fork in 10 years, regardless...


Okay so here's my proposal.

It will be 100% for the next month.  After that it will go to 70% for the remainder of the year.  After that it will be 2% ad infinitum (at least the same length as blackcoin/ppcoin)

[ninjenten]

Wow.  It looks like a big mess!

[johntseng]

Huh.. well it looks like the original dev didn't really think ahead past 10 years... The original code burned Tx Fees AND ends subsidy in 10 years..  

So this was destined to need a fork in 10 years, regardless...


Okay so here's my proposal.

It will be 100% for the next month.  After that it will go to 70% for the remainder of the year.  After that it will be 2% ad infinitum (at least the same length as blackcoin/ppcoin)

Do you mean the first month AFTER relaunch is 100% then next 11 months are 70%?
Or June will be 100% and July to December will be 70%?

[coinking]

I've been monitoring what's been going on here and as someone who has invested hundreds I would like to say I'm happy and excited with the way this have been panning out over the last couple days. I'm holding for now in hopes that someday my thousands of coins will be worth something. Thanks to everyone who is putting work into reviving this currency!

[micryon]

Do you mean the first month AFTER relaunch is 100% then next 11 months are 70%?
Or June will be 100% and July to December will be 70%?

So proposal will be 1 month after the patch.. (guys start using the term patch.. not relaunch ) 

So Starting June-next May will be 70%.  Now till June will be 100%

[CryptoSteam]

Huh.. well it looks like the original dev didn't really think ahead past 10 years... The original code burned Tx Fees AND ends subsidy in 10 years..  

So this was destined to need a fork in 10 years, regardless...


Okay so here's my proposal.

It will be 100% for the next month.  After that it will go to 70% for the remainder of the year.  After that it will be 2% ad infinitum (at least the same length as blackcoin/ppcoin)

I second this notion.

[tristartek]

Guys havent recieved an email from mintpal yet, but good news is i got Mogonzo on board. The guy who helped stablise WC. And now WC is fucking awesome. He should be coming here shortly.

He was just a puppet for a much larger group   Be careful.

[CryptoSteam]

Do you mean the first month AFTER relaunch is 100% then next 11 months are 70%?
Or June will be 100% and July to December will be 70%?

So proposal will be 1 month after the patch.. (guys start using the term patch.. not relaunch ) 

So Starting June-next May will be 70%.  Now till June will be 100%

I'm in full support.

[johntseng]

Do you mean the first month AFTER relaunch is 100% then next 11 months are 70%?
Or June will be 100% and July to December will be 70%?

So proposal will be 1 month after the patch.. (guys start using the term patch.. not relaunch ) 

So Starting June-next May will be 70%.  Now till June will be 100%

ok, i got it, should call it patch now 

So, in this case, it will be:
assume current amount is 171,000,000 coins
after first month =  185,250,000.00000000
after first year =  304,118,750.00000000
after 9th year =  356,323,586.37618300
after 10th year =  363,450,058.10370600

[ORiN]

Huh.. well it looks like the original dev didn't really think ahead past 10 years... The original code burned Tx Fees AND ends subsidy in 10 years.. 

So this was destined to need a fork in 10 years, regardless...


Okay so here's my proposal.

It will be 100% for the next month.  After that it will go to 70% for the remainder of the year.  After that it will be 2% ad infinitum (at least the same length as blackcoin/ppcoin)

I second this notion.

I am with both CryptoSteam and micryon for this proposal. We do need more exact timeframes.

[micryon]

I am with both CryptoSteam and micryon for this proposal. We do need more exact timeframes.

"Time" is a bit relative with cryptos.. it goes by blocks

So right now it's calculated as 50 days * approx 1440 blocks/day = at block 72000, from the start of the coin.  (so roughly 30 days from now).  Current block is at 26000ish

Anyways patch is right here: https://github.com/micryon/AsiaCoinFix/commit/0e921409e104e95175646e764045fdb526170ba5


Btw holy crap that's a much nicer website guys: http://thecoin.asia/   very '14 web chic style..

[CryptoSteam]

I've been monitoring what's been going on here and as someone who has invested hundreds I would like to say I'm happy and excited with the way this have been panning out over the last couple days. I'm holding for now in hopes that someday my thousands of coins will be worth something. Thanks to everyone who is putting work into reviving this currency!

Added you to the list. Thank you for supporting this community.

[mrbenjie]

Just updated the list at CryptoSteam.com

Thank you for continuing to work on this!

Put me on the list.

have around 400000 asiacoins on c-cex.
can i transfer it to the wallet or do i have to wait.

Thanks

[CryptoSteam]

Just updated the list at CryptoSteam.com

Thank you for continuing to work on this!

Put me on the list.

have around 400000 asiacoins on c-cex.
can i transfer it to the wallet or do i have to wait.

Thanks

Done. In the meanwhile, the new site is awesome @ http://thecoin.asia/