[AC] AsiaCoin | Pure PoS | 100% Interest

[ORiN]

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..

Thanks for the compliment! Glad that you like what Whatzhub and I put together. Whatzhub did most of the hard work though.

Sounds good with the plan for change of PoS %. I am definitely agreeable. We just need to decide on the actual numbers to go into the code.

[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

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

thanks!

website looks great!!

[CryptoSteam]

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..

Thanks for the compliment! Glad that you like what Whatzhub and I put together. Whatzhub did most of the hard work though.

Sounds good with the plan for change of PoS %. I am definitely agreeable. We just need to decide on the actual numbers to go into the code.

We as a community appreciate very much what you and others are putting in the effort.

[Collegestudent]

If anyone wants the total coins to be the original 320 Million after 1 yr, then change the interest to 68% otherwise change it to 5%. However it is adviseable to make the interest 70% because this is what enticed most of the original investors and i feel 70% will help keep us holding because its better than Warren Buffett returns which is 25%.

[mgibson38]

I certainly never would trust this coin again. That being said, I hope you can revive it just so those people who lost their AC can get back what they lost. Good luck.

[micryon]

I certainly never would trust this coin again. That being said, I hope you can revive it just so those people who lost their AC can get back what they lost. Good luck.

I think it would be faulty logic to not trust the coin again from this incident.. the key is how much do you trust the devs that are fixing the code..

Let's face it.. you trusted a guy with 0 posts on bitcoin forums.. but now you have a guy with posts and Trust ratings fixing the coin.. So.. not sure why your trust level would be lower.. if anything it should be higher..

I know , I know.. doesn't work like that.. but if everyone was more logical and less emotional..

[CryptoSteam]

I certainly never would trust this coin again. That being said, I hope you can revive it just so those people who lost their AC can get back what they lost. Good luck.

I think it would be faulty logic to not trust the coin again from this incident.. the key is how much do you trust the devs that are fixing the code..

Let's face it.. you trusted a guy with 0 posts on bitcoin forums.. but now you have a guy with posts and Trust ratings fixing the coin.. So.. not sure why your trust level would be lower.. if anything it should be higher..

I know , I know.. doesn't work like that.. but if everyone was more logical and less emotional..

+1.

[Maxikosw]

I certainly never would trust this coin again. That being said, I hope you can revive it just so those people who lost their AC can get back what they lost. Good luck.

I think it would be faulty logic to not trust the coin again from this incident.. the key is how much do you trust the devs that are fixing the code..

Let's face it.. you trusted a guy with 0 posts on bitcoin forums.. but now you have a guy with posts and Trust ratings fixing the coin.. So.. not sure why your trust level would be lower.. if anything it should be higher..

I know , I know.. doesn't work like that.. but if everyone was more logical and less emotional..

I would name my first children after this man!!!

[micryon]

Hey guys, i also decided to just revert out all the bad code that was hiding premine.. so code is way cleaner now.  And fixed the RPC function to return the real money supply MINUS the banned premine.. if anyone is interested on what that real money supply number will be,  here it is:



effectively 171,588,826 coins

[amit2007gunjan]

I certainly never would trust this coin again. That being said, I hope you can revive it just so those people who lost their AC can get back what they lost. Good luck.

I think it would be faulty logic to not trust the coin again from this incident.. the key is how much do you trust the devs that are fixing the code..

Let's face it.. you trusted a guy with 0 posts on bitcoin forums.. but now you have a guy with posts and Trust ratings fixing the coin.. So.. not sure why your trust level would be lower.. if anything it should be higher..

I know , I know.. doesn't work like that.. but if everyone was more logical and less emotional..

+1. We want Ac to succeed in the long run and for this we will have to show full faith in new Devs ( Ac Community)

[CryptoSteam]

Hey guys, i also decided to just revert out all the bad code that was hiding premine.. so code is way cleaner now.  And fixed the RPC function to return the real money supply MINUS the banned premine.. if anyone is interested on what that real money supply number will be,  here it is:



effectively 171,588,826 coins

You the man!

[Whatzhub]

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..

+1

I'm also with micryon's proposal. It seems reasonable for us to not digress too far away from the original specs of the coin, yet while improve on any of the shortcomings that the original coin has. I've taken a quick look at your patch work, though I'm not a strong C++ coder, your comments along the coding sure helped me understand them a lot easier. Thank you for all the hard work you have placed!

I'm happy that the community likes the site design. At this moment of time, ORiN and I would be serving as the site admins of this site, while Maestro1 would also serve as the chief editor providing any of the latest updates onto the site. Since this revival is all about trust and transparency, we would strive to provide any updates to the community should there be any changes to the current team.

Price levels may be a good measure/indicator of one's worth, but as seen from Dogecoin, the more important values are not seen within the prices themselves.

I would say "Chase down excellence, and money will chase after you."

[rudius]

If anyone wants the total coins to be the original 320 Million after 1 yr, then change the interest to 68% otherwise change it to 5%. However it is adviseable to make the interest 70% because this is what enticed most of the original investors and i feel 70% will help keep us holding because its better than Warren Buffett returns which is 25%.

Do you understand how economy works before making such statements? .....

[easteagle13]

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.

Hi CryptoSteam kindly count me in to. got 100k+ in the exxchanges.

[dygus]

Hey guys, i also decided to just revert out all the bad code that was hiding premine.. so code is way cleaner now.  And fixed the RPC function to return the real money supply MINUS the banned premine.. if anyone is interested on what that real money supply number will be,  here it is:



effectively 171,588,826 coins

You the man!

So Can you tell us when AC will be finally "healthy" and secure?

[c-cex]

Nice!
Will donate some AC when trading reopens

We did not close trading. Here is BTC/USD trading pairs:

https://c-cex.com/?p=ac-btc
https://c-cex.com/?p=ac-usd

Welcome!

[crypto_bull]

my two cents...

interest rate should be very high 1st year. when AC gets relisted we need to offer a compelling reason to buy/hold

CB

[CryptoSteam]

Hi CryptoSteam kindly count me in to. got 100k+ in the exxchanges.

Added you. Going to sleep now. See you people in the morning. Take care!

[wangfuqiang]

Hi CryptoSteam kindly count me in to. got 100k+ in the exxchanges.

Added you. Going to sleep now. See you people in the morning. Take care!

Hi CryptoSteam,
I have 102k on Cryptsy.

[flufylobster]

Awesome I'm definitely donating. Incredible how awesome the website looks and how much work people have put in.

 I guess the current dilemma is whether to keep the 100% POS and have more coins or adjust the POS so that you end up with 320 million at the end of the year. If the number of minted coins is 190 million including the 30 million dumped from the dev, so after 100% pos there would be 380 million coins. Contrast  with having say 70% POS and 323 million. I guess it all depends if the number of coins will push the price down proportionally, if the coin number increases with the price staying fixed of course that is more desirable but I feel its unlikely.

I would be okay with either. I don't feel deft enough to ascertain whether the price would be able to remain constant or increase while the coin supply is increasing, or project how the increase of coins would influence the value of the coins especially since cryptocurrencies are so inherently volatile.