[AC] AsiaCoin | Pure PoS | 100% Interest

[Collegestudent]

and anyway 2nd yr interest was going to bring 320mill to 326mill. So this is even better

[1714877340]

1714877340

[ryanb]

i like the stake that has been posted more coins is not healthy for price growth

[Dmann]

Dear Community (Important):

We need to finalize our decision on PoS staking rate of the coin. We put this up for debate many pages ago and a lot of you shared your ideas. I will try to summarize:

• The majority of you invested in the coin mainly of its high stake rate in the first year and named it as its main feature: therefore we will honour it.
• However, a lot of you raised concerns about the future and sustainability of the coin with a very high interest rate, which is a valid point. The original developer did not think about the future of the coin, and we don't think his decisions were in the interest of long term survival of the coin
• Sudden change in the staking rate is NOT good for the coin as it creates a sudden change of its most significant specitication.

What I proposed a few pages ago:

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.

And you guys mostly seemed to agree.

Details will be like this:

Coins now: 171,000,000

• Year 1, Month 1-2 : 100% - 199,500,000 AC
• Year 1, Month 3-4 : 80%  -  226,100,000 AC
• Year 1, Month 5-6 : 60%  -  248,710,000 AC
• Year 1, Month 7-8 : 40%  -  265,290,666.6 AC
• Year 1, Month 8-10: 30%  - 278,555,200 AC
• Year 1, Month 10-12: 20% - 287,840,373.3 AC. This is end of Year 1
• Year 2, Month 1-2 : 15% -   295,036,382 AC
• Year 2, Month 3-4 : 10%  - 299,953,655 AC
• Year 2, Month 5-6 : 8%  -  303,953,037 AC
• Year 2, Month 7-8 : 6%  -  306,992,568 AC
• Year 2, Month 8-10: 4%  -  309,039,185 AC
• Year 2, Month 10-12: 3% - 310,584,381 AC. This is the end of Year 2
• Year 3: 2% - 316,796,068
• Year 4: 2%
• ...
• Year 10: 2% - 363,899,103 AC
• Year 100: 2% - 2,162,700,201 AC

Note: These numbers are the maximum, if 100% of the coins stake all the time. This will not be the case obviously. So the actual total coin numbers will be significantly less but there is no way to know as we don't know what percentage will stake. This new staking system will be unique to our coin too, adding innovation to our investments!

I ask to postpone other discussions now to when we agreed to PoS staking rate, as this is what we need to decide on urgently. We can't do a poll as the thread is not self-moderated. That was essential for building trust.

Please let us know if you agree with this, and of course (even more importantly), if you disagree.

that looks like a good, solid plan to me. +1

[hypersire]

Dear Community (Important):

We need to finalize our decision on PoS staking rate of the coin. We put this up for debate many pages ago and a lot of you shared your ideas. I will try to summarize:

• The majority of you invested in the coin mainly of its high stake rate in the first year and named it as its main feature: therefore we will honour it.
• However, a lot of you raised concerns about the future and sustainability of the coin with a very high interest rate, which is a valid point. The original developer did not think about the future of the coin, and we don't think his decisions were in the interest of long term survival of the coin
• Sudden change in the staking rate is NOT good for the coin as it creates a sudden change of its most significant specitication.

What I proposed a few pages ago:

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.

And you guys mostly seemed to agree.

Details will be like this:

Coins now: 171,000,000

• Year 1, Month 1-2 : 100% - 199,500,000 AC
• Year 1, Month 3-4 : 80%  -  226,100,000 AC
• Year 1, Month 5-6 : 60%  -  248,710,000 AC
• Year 1, Month 7-8 : 40%  -  265,290,666.6 AC
• Year 1, Month 8-10: 30%  - 278,555,200 AC
• Year 1, Month 10-12: 20% - 287,840,373.3 AC. This is end of Year 1
• Year 2, Month 1-2 : 15% -   295,036,382 AC
• Year 2, Month 3-4 : 10%  - 299,953,655 AC
• Year 2, Month 5-6 : 8%  -  303,953,037 AC
• Year 2, Month 7-8 : 6%  -  306,992,568 AC
• Year 2, Month 8-10: 4%  -  309,039,185 AC
• Year 2, Month 10-12: 3% - 310,584,381 AC. This is the end of Year 2
• Year 3: 2% - 316,796,068
• Year 4: 2%
• ...
• Year 10: 2% - 363,899,103 AC
• Year 100: 2% - 2,162,700,201 AC

Note: These numbers are the maximum, if 100% of the coins stake all the time. This will not be the case obviously. So the actual total coin numbers will be significantly less but there is no way to know as we don't know what percentage will stake. This new staking system will be unique to our coin too, adding innovation to our investments!

I ask to postpone other discussions now to when we agreed to PoS staking rate, as this is what we need to decide on urgently. We can't do a poll as the thread is not self-moderated. That was essential for building trust.

Please let us know if you agree with this, and of course (even more importantly), if you disagree.

+1! You guys are doing an excellent job resurrecting this coin and silencing the naysayers. This could very well go down as the biggest comeback story in crypto history, especially considering the massive hash and trading volume it had before.

The POS proposal is perfect (and will keep people holding on to their coins for longer) plus the plans for the multipool to stabilize price.... damn, the scam the dev pulled may very well turn out to be the best thing that happened to this coin as now it's going to come back stronger than ever under the leadership of the community!

[CapSER2.0]

Dear Community (Important):

We need to finalize our decision on PoS staking rate of the coin. We put this up for debate many pages ago and a lot of you shared your ideas. I will try to summarize:

• The majority of you invested in the coin mainly of its high stake rate in the first year and named it as its main feature: therefore we will honour it.
• However, a lot of you raised concerns about the future and sustainability of the coin with a very high interest rate, which is a valid point. The original developer did not think about the future of the coin, and we don't think his decisions were in the interest of long term survival of the coin
• Sudden change in the staking rate is NOT good for the coin as it creates a sudden change of its most significant specitication.

What I proposed a few pages ago:

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.

And you guys mostly seemed to agree.

Details will be like this:

Coins now: 171,000,000

• Year 1, Month 1-2 : 100% - 199,500,000 AC
• Year 1, Month 3-4 : 80%  -  226,100,000 AC
• Year 1, Month 5-6 : 60%  -  248,710,000 AC
• Year 1, Month 7-8 : 40%  -  265,290,666.6 AC
• Year 1, Month 8-10: 30%  - 278,555,200 AC
• Year 1, Month 10-12: 20% - 287,840,373.3 AC. This is end of Year 1
• Year 2, Month 1-2 : 15% -   295,036,382 AC
• Year 2, Month 3-4 : 10%  - 299,953,655 AC
• Year 2, Month 5-6 : 8%  -  303,953,037 AC
• Year 2, Month 7-8 : 6%  -  306,992,568 AC
• Year 2, Month 8-10: 4%  -  309,039,185 AC
• Year 2, Month 10-12: 3% - 310,584,381 AC. This is the end of Year 2
• Year 3: 2% - 316,796,068
• Year 4: 2%
• ...
• Year 10: 2% - 363,899,103 AC
• Year 100: 2% - 2,162,700,201 AC

Note: These numbers are the maximum, if 100% of the coins stake all the time. This will not be the case obviously. So the actual total coin numbers will be significantly less but there is no way to know as we don't know what percentage will stake. This new staking system will be unique to our coin too, adding innovation to our investments!

I ask to postpone other discussions now to when we agreed to PoS staking rate, as this is what we need to decide on urgently. We can't do a poll as the thread is not self-moderated. That was essential for building trust.

Please let us know if you agree with this, and of course (even more importantly), if you disagree.

It's a good idea! But it is too elaborate, confusing (to the vast majority of people), and even more complicated to implement for you!
I would go for something more simple and effective

[altcoiner]

Dear Community (Important):

We need to finalize our decision on PoS staking rate of the coin. We put this up for debate many pages ago and a lot of you shared your ideas. I will try to summarize:

• The majority of you invested in the coin mainly of its high stake rate in the first year and named it as its main feature: therefore we will honour it.
• However, a lot of you raised concerns about the future and sustainability of the coin with a very high interest rate, which is a valid point. The original developer did not think about the future of the coin, and we don't think his decisions were in the interest of long term survival of the coin
• Sudden change in the staking rate is NOT good for the coin as it creates a sudden change of its most significant specitication.

What I proposed a few pages ago:

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.

And you guys mostly seemed to agree.

Details will be like this:

Coins now: 171,000,000

• Year 1, Month 1-2 : 100% - 199,500,000 AC
• Year 1, Month 3-4 : 80%  -  226,100,000 AC
• Year 1, Month 5-6 : 60%  -  248,710,000 AC
• Year 1, Month 7-8 : 40%  -  265,290,666.6 AC
• Year 1, Month 8-10: 30%  - 278,555,200 AC
• Year 1, Month 10-12: 20% - 287,840,373.3 AC. This is end of Year 1
• Year 2, Month 1-2 : 15% -   295,036,382 AC
• Year 2, Month 3-4 : 10%  - 299,953,655 AC
• Year 2, Month 5-6 : 8%  -  303,953,037 AC
• Year 2, Month 7-8 : 6%  -  306,992,568 AC
• Year 2, Month 8-10: 4%  -  309,039,185 AC
• Year 2, Month 10-12: 3% - 310,584,381 AC. This is the end of Year 2
• Year 3: 2% - 316,796,068
• Year 4: 2%
• ...
• Year 10: 2% - 363,899,103 AC
• Year 100: 2% - 2,162,700,201 AC

Note: These numbers are the maximum, if 100% of the coins stake all the time. This will not be the case obviously. So the actual total coin numbers will be significantly less but there is no way to know as we don't know what percentage will stake. This new staking system will be unique to our coin too, adding innovation to our investments!

I ask to postpone other discussions now to when we agreed to PoS staking rate, as this is what we need to decide on urgently. We can't do a poll as the thread is not self-moderated. That was essential for building trust.

Please let us know if you agree with this, and of course (even more importantly), if you disagree.

agree

[Maestro1]

It's a good idea! But it is too elaborate, confusing (to the vast majority of people), and even more complicated to implement for you!
I would go for something more simple and effective

As long as people know it's a gradual decrease from 100 to 2 within two years, I think it won't confuse them. Coding it is also simple, no worries.

[reesev]

once this is back up I promise to make AC donation to the dev team..  and everyone who is granted a second chance to recover $$ should be grateful to this group of DEV's and do the same thing.

[CryptoSteam]

Coins now: 171,000,000

• Year 1, Month 1-2 : 100% - 199,500,000 AC
• Year 1, Month 3-4 : 80%  -  226,100,000 AC
• Year 1, Month 5-6 : 60%  -  248,710,000 AC
• Year 1, Month 7-8 : 40%  -  265,290,666.6 AC
• Year 1, Month 8-10: 30%  - 278,555,200 AC
• Year 1, Month 10-12: 20% - 287,840,373.3 AC. This is end of Year 1
• Year 2, Month 1-2 : 15% -   295,036,382 AC
• Year 2, Month 3-4 : 10%  - 299,953,655 AC
• Year 2, Month 5-6 : 8%  -  303,953,037 AC
• Year 2, Month 7-8 : 6%  -  306,992,568 AC
• Year 2, Month 8-10: 4%  -  309,039,185 AC
• Year 2, Month 10-12: 3% - 310,584,381 AC. This is the end of Year 2
• Year 3: 2% - 316,796,068
• Year 4: 2%
• ...
• Year 10: 2% - 363,899,103 AC
• Year 100: 2% - 2,162,700,201 AC

+1 I agree although 2% after year 4 might be too high. How about 1% after Year 4. Something like this:

Coins now: 171,000,000

• Year 1, Month 1-2 : 100% - 199,500,000 AC
• Year 1, Month 3-4 : 80%  -  226,100,000 AC
• Year 1, Month 5-6 : 60%  -  248,710,000 AC
• Year 1, Month 7-8 : 40%  -  265,290,666.6 AC
• Year 1, Month 8-10: 30%  - 278,555,200 AC
• Year 1, Month 10-12: 20% - 287,840,373.3 AC. This is end of Year 1
• Year 2, Month 1-2 : 15% -   295,036,382 AC
• Year 2, Month 3-4 : 10%  - 299,953,655 AC
• Year 2, Month 5-6 : 8%  -  303,953,037 AC
• Year 2, Month 7-8 : 6%  -  306,992,568 AC
• Year 2, Month 8-10: 4%  -  309,039,185 AC
• Year 2, Month 10-12: 3% - 310,584,381 AC. This is the end of Year 2
• Year 3: 2% - 316,796,068
• Year 4: 1%
• ...
• Year 10: 1%
• Year 100: 1%

[CapSER2.0]

With the original specifications so far AC worked very well with much acceptance in your community. That's what matters most!
Perhaps one should not deviate too much from the original specifications, beyond that I like it or not
There will even be a long time in the future to make another change for a better update! hahaha

[Collegestudent]

With the original specifications so far AC worked very well with much acceptance in your community. That's what matters most!
Perhaps one should not deviate too much from the original specifications, beyond that I like it or not
There will even be a long time in the future to make another change for a better update! hahaha

No man this is best because discussion has been going for too long as i say this is the elixer we need to move forward.

[micryon]

Would be nice to put a new spin on this..

Not just an AC security patch.. but AC with new and improved PoS block halving patch..

And .. decided and built by the community.. instead of some random 0 post guy (like before)

[CapSER2.0]

It's a good idea! But it is too elaborate, confusing (to the vast majority of people), and even more complicated to implement for you!
I would go for something more simple and effective

As long as people know it's a gradual decrease from 100 to 2 within two years, I think it won't confuse them. Coding it is also simple, no worries.

Excellent! So I am with you!
I personally like it!

[Collegestudent]

Would be nice to put a new spin on this..

Not just an AC security patch.. but AC with new and improved PoS block halving patch..

Can i get wallet early tho, pm me link so i can test it.

[CapSER2.0]

Would be nice to put a new spin on this..

Not just an AC security patch.. but AC with new and improved PoS block halving patch..

And .. decided and built by the community.. instead of some random 0 post guy (like before)

Perfect! You have my full support in what they decide to do!
I trust his great professional ability

[castiel_koo]

Reborn?

Hope it could make thing better

[cbutters]

As far as the POS, I think we need a clear vote on either the original 100% for one year solution or maestro's proposal. Clean and simple, winner of the poll is how we should go.

[micryon]

Reborn?

Hope it could make thing better

Logically, this is going to be better:

  - Statically linked wallet
  - Much better logo
  - Better website
  - Cleaner code base
  - Better PoS rewards schedule
  - More transparency
  - trust: devs with actual ratings, instead of some anonymous dev
  - retains current blockchain and wallet distribution.. (huge existing user base)

and most important:

  - Actually MORE people driving this thing.. except 1 fairly absent scamming dev.

[moveUpward]

AC still can do? I still have a lot in the trading site
 

[Collegestudent]

Guys come IRC https://kiwiirc.com/client #ACRevival