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Author Topic: [AC] AsiaCoin | Pure PoS | 100% Interest  (Read 264518 times)
Tingbulingso
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May 06, 2014, 01:54:07 PM
 #441

shiiit, i mined or bought some coins as Coin2, blitz and asia coin as long term investment, and all of them are fucked up, long term my ass, they are gone in days, Coin2 is getting better, but...

i know you guys are sick of this kind of questions, but, i have arround 10k on mintpal, i just leave them there or?


Coin2 is getting better? Wow, you are kind person. I don't think Coin2 is getting better. I bought at price 1400 and now it is 500....
silencesilence
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May 06, 2014, 01:54:35 PM
 #442

wow, my order on 1100 sat has been filled on c-cex, what's going on, is project succeed? Smiley

i'm jealous.... i have 160.000 coins on cryptsy but can't do any transaction Sad
I hope that the opend tomorrow to add the new AC Smiley

and I have on cryptsy  Huh
johntseng
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May 06, 2014, 02:03:49 PM
 #443

I personally think a swift change PoS rate from 70-100% to 2-5% is not a good idea, it's a very big change for a coin and its specification. I very much prefer a more slow gradual decrease on shorter intervals (e.g. instead of jumping from 100% in year 1 to 2% in year 2, we can do a slow decrease every 1-2 months until we get to 2% within 2-3 years).

I don't think the original developer thought about the long-term PoS issues of the coin, this is evident from the code he wrote but this is something that we need to decide.

Base on your idea, I make an example here:
          171,000,000.00000000   
Y1M1   199,500,000.00000000   100% //first 2 month, 100% best to attract people to invest and hold and stabilize the price after patch.
Y1M2   226,100,000.00000000   80% //another 2 month
Y1M3   248,710,000.00000000   60% //another 2 month, till here are the first half year, and have relative better interest than next half year.
Y1M4   265,290,666.66666700   40% //another 2 month
Y1M5   278,555,200.00000000   30% //another 2 month
Y1M6   287,840,373.33333300   20% //another 2 month, end of the first year.
Y2M1   295,036,382.66666700   15% //another 2 month
Y2M2   299,953,655.71111100   10% //another 2 month
Y2M3   303,953,037.78725900   8% //another 2 month
Y2M4   306,992,568.16513200   6% //another 2 month
Y2M5   309,039,185.28623300   4% //another 2 month
Y2M6   310,584,381.21266400   3% //another 2 month
Y3   316,796,068.83691700   2% //third year starts, 2%
Y4   323,131,990.21365600   2%
Y5   329,594,630.01792900   2%
Y6   336,186,522.61828700   2%
Y7   342,910,253.07065300   2%
Y8   349,768,458.13206600   2%
Y9   356,763,827.29470700   2%
Y10   363,899,103.84060200   2%

Nanolite : KStrzPctAn8Qr1QppWDMwhqdG9rzmtQNWV
rudius
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May 06, 2014, 02:04:23 PM
 #444

wow, my order on 1100 sat has been filled on c-cex, what's going on, is project succeed? Smiley

i'm jealous.... i have 160.000 coins on cryptsy but can't do any transaction Sad
I hope that the opend tomorrow to add the new AC Smiley

and I have on cryptsy  Huh

i find it surprising that nobody wondering why cryptsy don t allow withdrawing while all others exchanges are....
tr0ubles0me
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May 06, 2014, 02:11:30 PM
 #445

Do you imply that they might not have all the coins deposited available for withdraw?
dioncodot
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May 06, 2014, 02:12:04 PM
 #446

wow, my order on 1100 sat has been filled on c-cex, what's going on, is project succeed? Smiley

i'm jealous.... i have 160.000 coins on cryptsy but can't do any transaction Sad
I hope that the opend tomorrow to add the new AC Smiley
Yeah, exactly, I also have 15000 coins in cryptsy and they are no response.  Cry Cry

me too .. I go to open orders this morning on 1099
I managed to withdraw from mintpal and deposit to c-cex ... Smiley
avw1982
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May 06, 2014, 02:14:01 PM
 #447

wow, my order on 1100 sat has been filled on c-cex, what's going on, is project succeed? Smiley

i'm jealous.... i have 160.000 coins on cryptsy but can't do any transaction Sad
I hope that the opend tomorrow to add the new AC Smiley

and I have on cryptsy  Huh

i find it surprising that nobody wondering why cryptsy don t allow withdrawing while all others exchanges are....

C-CEX also closed the deposits and withdraws.
rudius
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May 06, 2014, 02:16:43 PM
 #448

Do you imply that they might not have all the coins deposited available for withdraw?

What else could i imply?  Grin

There was rumors that they may not have all the coins they say they have. I thought it was FUD at the moment. Now, i tend to believe this rumors.

The truth is that AC, scam or not, is the propriety of the people who bought them. The wallet is working fine and people who have the coins in their wallet can stake them at the moment.

CycleSurfer360
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May 06, 2014, 02:17:55 PM
 #449

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)



If burning the trxn fees ad infinitum is also added to the code, then I vote for this plan.  It keeps to the original specs while securing longevity.
Cheers!
dioncodot
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May 06, 2014, 02:18:10 PM
 #450

wow, my order on 1100 sat has been filled on c-cex, what's going on, is project succeed? Smiley

i'm jealous.... i have 160.000 coins on cryptsy but can't do any transaction Sad
I hope that the opend tomorrow to add the new AC Smiley

and I have on cryptsy  Huh

i find it surprising that nobody wondering why cryptsy don t allow withdrawing while all others exchanges are....

C-CEX also closed the deposits and withdraws.
yet this morning
rudius
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May 06, 2014, 02:19:37 PM
 #451

wow, my order on 1100 sat has been filled on c-cex, what's going on, is project succeed? Smiley

i'm jealous.... i have 160.000 coins on cryptsy but can't do any transaction Sad
I hope that the opend tomorrow to add the new AC Smiley

and I have on cryptsy  Huh

i find it surprising that nobody wondering why cryptsy don t allow withdrawing while all others exchanges are....

C-CEX also closed the deposits and withdraws.

that s different. They closed it after the new dev ask them to do so.

Cryptsy didn t allow it as soon as they shut down trading while other markets allowed withdrawals. I find it suspicious.
That really concerned me to the point where i withdrew every funds on cryptsy. I would like an audit before putting them there. That s true that i wasn t very active there tho.
Maestro1 (OP)
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May 06, 2014, 02:22:05 PM
 #452

Do you imply that they might not have all the coins deposited available for withdraw?

What else could i imply?  Grin

There was rumors that they may not have all the coins they say they have. I thought it was FUD at the moment. Now, i tend to believe this rumors.

The truth is that AC, scam or not, is the propriety of the people who bought them. The wallet is working fine and people who have the coins in their wallet can stake them at the moment.

I think the main reason is that they made their wallets offline just to be on the safe side. That also explains why deposits made after a certain time is not showing up on Cryptsy.

If you're happy with our work on AsiaCoin revival, please consider giving us trust feedback and provide donations to the new AsiaCoin Foundation.
BTC: 1LCsuAojeFqf5YamN9iiwEo3VJ9YM8HHjf
drmadcat
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May 06, 2014, 02:25:17 PM
 #453

has anyone checked out europecoin? launching on friday https://bitcointalk.org/index.php?topic=594797.0
i'm pretty sure that the dev is the same as asiacoin. Just look at the website http://www.europe-coin.com/ looks like the same website as asiacoin, with some changes. can anyone else verify that?


The asiacoin site is regd with enom(maybe namecheap) and europe-coin.com is reg with godaddy

and a different host Europe has http://default.secureserver.net/

also asia was useing a vps/dedi and this one is shared hosting
CycleSurfer360
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May 06, 2014, 02:25:34 PM
 #454

wow, my order on 1100 sat has been filled on c-cex, what's going on, is project succeed? Smiley

i'm jealous.... i have 160.000 coins on cryptsy but can't do any transaction Sad
I hope that the opend tomorrow to add the new AC Smiley

and I have on cryptsy  Huh

i find it surprising that nobody wondering why cryptsy don t allow withdrawing while all others exchanges are....

C-CEX also closed the deposits and withdraws.

that s different. They closed it after the new dev ask them to do so.

Cryptsy didn t allow it as soon as they shut down trading while other markets allowed withdrawals. I find it suspicious.
That really concerned me to the point where i withdrew every funds on cryptsy. I would like an audit before putting them there. That s true that i wasn t very active there tho.

The devs should tell C-CEX to take AC off their exchange until the patch is implemented.  The scammer with the premined coins is likely dumping them while others are buying the *hit.  This will dilute the real AC coins even further while lining his pockets with even more money.

STOP TRADING until the patch is in!!
rudius
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May 06, 2014, 02:26:39 PM
 #455

Do you imply that they might not have all the coins deposited available for withdraw?

What else could i imply?  Grin

There was rumors that they may not have all the coins they say they have. I thought it was FUD at the moment. Now, i tend to believe this rumors.

The truth is that AC, scam or not, is the propriety of the people who bought them. The wallet is working fine and people who have the coins in their wallet can stake them at the moment.

I think the main reason is that they made their wallets offline just to be on the safe side. That also explains why deposits made after a certain time is not showing up on Cryptsy.

i m not so sure. They let trading run until mintpal decide to delist. They were not afraid to be on the unsafe side. There weren t any problems with the wallet.
And that certainly explain why deposits didn t show after they shutdown it. But even if they wanted to be safe. They could have reopen withdrawals after investigation. And they didn t...

edit: the only true way to have handle it would have been to stop deposits to prevent the premine to be sold, and let trade so the people who wanted out could get out. They are no reasons to stop trading. When they decide to stop trading them, they must let people withdraw if they are honest. Those AC are not theirs
Maestro1 (OP)
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May 06, 2014, 02:29:07 PM
 #456

The devs should tell C-CEX to take AC off their exchange until the patch is implemented.  The scammer with the premined coins is likely dumping them while others are buying the *hit.  This will dilute the real AC coins even further while lining his pockets with even more money.

STOP TRADING until the patch is in!!

Deposits are disabled on C-Cex, no worries Smiley I advise people not to trade before we release the fix anyway, as I believe the trades now are not at the coins true value.

If you're happy with our work on AsiaCoin revival, please consider giving us trust feedback and provide donations to the new AsiaCoin Foundation.
BTC: 1LCsuAojeFqf5YamN9iiwEo3VJ9YM8HHjf
trdiablo
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May 06, 2014, 02:30:58 PM
 #457

wow, my order on 1100 sat has been filled on c-cex, what's going on, is project succeed? Smiley

i'm jealous.... i have 160.000 coins on cryptsy but can't do any transaction Sad
I hope that the opend tomorrow to add the new AC Smiley

and I have on cryptsy  Huh

i find it surprising that nobody wondering why cryptsy don t allow withdrawing while all others exchanges are....

C-CEX also closed the deposits and withdraws.

that s different. They closed it after the new dev ask them to do so.

Cryptsy didn t allow it as soon as they shut down trading while other markets allowed withdrawals. I find it suspicious.
That really concerned me to the point where i withdrew every funds on cryptsy. I would like an audit before putting them there. That s true that i wasn t very active there tho.

The devs should tell C-CEX to take AC off their exchange until the patch is implemented.  The scammer with the premined coins is likely dumping them while others are buying the *hit.  This will dilute the real AC coins even further while lining his pockets with even more money.

STOP TRADING until the patch is in!!

They have already been told, that is why the stopped deposits and withdrawals of AC.
But trading is still allowed.
trdiablo
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May 06, 2014, 02:31:25 PM
 #458

Question for DEVs. Are you still on target to release the patch on 7 May??
Maestro1 (OP)
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May 06, 2014, 02:35:30 PM
 #459

Question for DEVs. Are you still on target to release the patch on 7 May??

Yes I believe so. We've done a lot of the work already, consulted experts and now are in the security testing phase.

If you're happy with our work on AsiaCoin revival, please consider giving us trust feedback and provide donations to the new AsiaCoin Foundation.
BTC: 1LCsuAojeFqf5YamN9iiwEo3VJ9YM8HHjf
ORiN
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May 06, 2014, 02:37:22 PM
 #460

Question for DEVs. Are you still on target to release the patch on 7 May??

Yes I believe so. We've done a lot of the work already, consulted experts and now are in the security testing phase.

Sounds good! Looking forward to a new AC wallet.
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