[AC] AsiaCoin | Pure PoS | 100% Interest

[crunchynut]

WARNING: DON'T GET PREYED AT BY ASIACOIN BAGHOLDERS

All this "strong community" is looking forward to is to get its scam coin back on the exchanges and dump the coins before it eventually dies.

They'll tell you anything that helps them to get rid of the asiacoin bag they are holding!

Don't fall for their desperate lies! It's the very same scam coin it was 4 days ago.

Use your brain and invest into something that wasn't a scam from the start.

[micryon]

amateur hour. they got new wallet source already in the wild. would someone grab a copy lay down some hash and fork this shit before it gets worse?

Lol.. yeah.. someone plz TRY to do that.

Either you haven't read what design and implementation of the patch is.. or it's way over your head.

[BCMann]

blabla...

Scam coin wasn t our! But we invested... the Revival Coin is our.. and now you tell us to keep hands of... just do it... and let us do!

[akann46]

what will happen to those who bought the pre-mined coins?

[Maxikosw]

what will happen to those who bought the pre-mined coins?

They can keep them because buyer is not cheater.

[Specialkey]

Micryon upload the new wallet for all users

I've already released the wallet to the foundation.

But there will be an official deployment and rollout process.

Perfect. Cant await to install it.

THX.

[beachparty]

You would have to use new chain to erase premine. So pretty much new coin with the name of the failed coin.

[yanlei2002]

good job

[cassius69]

foundation...lol... just like whitecoin..

they must have hired mogonzo the shitcoin consultant.

ya know the definition of foundation right?

foundation = organized group of scammers 

[abel1337]

You would have to use new chain to erase premine. So pretty much new coin with the name of the failed coin.

Have you read anything in this thread?!?!!?

[johntseng]

You would have to use new chain to erase premine. So pretty much new coin with the name of the failed coin.

Have you read anything in this thread?!?!!?

It is so obviously. 

[abel1337]

foundation...lol... just like whitecoin..

they must have hired mogonzo the shitcoin consultant.

ya know the definition of foundation right?

foundation = organized group of scammers 

Why are you even here? Have you gained anything? Has this post that you made bettered yourself in any way?

[cassius69]

foundation...lol... just like whitecoin..

they must have hired mogonzo the shitcoin consultant.

ya know the definition of foundation right?

foundation = organized group of scammers 

Why are you even here? Have you gained anything? Has this post that you made bettered yourself in any way?

why do you stupid fuckers keep asking this same stupid question. im here for the same reason a lot of people are. for the lolz.

yes i am better because i warned others about losing money to a bunch of scum sucking leaches. that is a public service.

[hrt]

foundation...lol... just like whitecoin..

they must have hired mogonzo the shitcoin consultant.

ya know the definition of foundation right?

foundation = organized group of scammers  

Why are you even here? Have you gained anything? Has this post that you made bettered yourself in any way?

why do you stupid fuckers keep asking this same stupid question. im here for the same reason a lot of people are. for the lolz.

yes i am better because i warned others about losing money to a bunch of scum sucking leaches. that is a public service.

proclivities appreciated  
''warned others about losing money'' listen chode shave ur head and get to the monastery or better convent u'll be wholly lol'd there
fuckin imbecile
 

[ORiN]

WARNING: DON'T GET PREYED AT BY ASIACOIN BAGHOLDERS

All this "strong community" is looking forward to is to get its scam coin back on the exchanges and dump the coins before it eventually dies.

They'll tell you anything that helps them to get rid of the asiacoin bag they are holding!

Don't fall for their desperate lies! It's the very same scam coin it was 4 days ago.

Use your brain and invest into something that wasn't a scam from the start.

You can stick to your close minded opinion that a community cannot band together to fix a scammed coin. Yes, the original AC dev scammed all of us but can't we band together to make things right and even better? I am sure there will be panic selling when the new wallet comes. It is almost impossible for us to avoid that. While there are people who are going to dump their AC, there are people who are going to buy.

[maxsinner]

So what is to prevent the original developer from selling more coins from the premine as we speak? Are you rolling back the block-chain to some point in the past or what, I don't get it?

[zmhaha]

I call for a adaptive PoS rate scheme.
If it is not so hard to implement,this definitely will give another major advantage.
I think this feature is very important to AC because AC has such high PoS rate initially, which means it could be that there is total of 100AC(just an example) in existence one year from now, or 200AC, based one how many coins got staked during the year.
(below is just a rough idea & thoughts, will need further elaborations.)

Downside of current PoS scheme(fixed rate given a time interval):
No accurate future supply can be estimated as a whole because there is no way to tell in advance who's gonna stake the coin, and for how many coins, and for how long, etc... For a high PoS rate, obviously this could be a big effect on the coin because the total supply may even get doubled if all coins are staking, or 0 increase if no one is staking.
Also because of this, if there is in fact something wrong the current PoS algorithm, it is harder to find out because we don't know what really should be the correct supply.

Adaptive PoS scheme (PoS difficulty):
Implement a PoS rate adjustment algorithm to fix a supply curve (a prescribed curve). And force the network to adjust the interest rate based on that supply curve. (Kinda like PoW mining difficulty adjustment) Then the network adjusts again to either higher or lower PoS rate based on whether the current supply increases at a rate above that of prescribed curve or not.

If more coins is being staked, so at a particular rate, more coin will be generated.
      Note   i): so the actual supply is above the original fixed curve at that particular moment.
                ii): This kinda like, in terms of PoW, the coin has a lot of hashing power(coins being staked) given the difficulty(interest rate).
                iii): this could be resulted from various reasons, like high confidence in the coin, high PoS rate, etc..
                iv): this may not be good because it will reduce the transactions

Then the network adjusts the interest rate to a lower % to follow that prescribed supply curve.
       Note: i): So this is like, in terms of PoW, increasing the difficulty(lowering the PoS rate) in order to follow the XX mins/block rule.
                ii): This way, an accurate actual supply can be estimated overtime.
                iii): Once the PoS rate is lowered, it will stop some people from staking and start using the coins, thus more transactions.

[Maestro1]

A few updates everyone,

• We are releasing the new wallet to the exchanges, to ensure that they all will upgrade to the new wallet ahead of the public release. This is crucial as the exchange must must be on the new wallet to avoid security issues and also to give them time to properly review the source code.
• We are advising exchanges not to enable deposits and trades for a week. This is to have time for people and the community to upgrade to the new wallet, as well as giving it time for a larger-scale testing and validation
• The PoS stake rate will follow what is explained in this post, with a minor difference, that we will reduce the PoS staking rate to 1% at the forth year.
• The minimum staking age will remain as it was: 2 weeks. This is to ensure that the high staking rate is only available to the people who committ to the project and are happy to keep their coins for long term

Our ETA for public release is still for tonight or early hours of tomorrow morning, as previously mentioned, provided that exchanges confirm to us that they have moved to the new wallet.

Please let me know if you have any questions.

[Maestro1]

So what is to prevent the original developer from selling more coins from the premine as we speak? Are you rolling back the block-chain to some point in the past or what, I don't get it?

The new wallet already voided his coins and there are no exchanges now that accept deposits. If he moves his coins around before we release the wallet, all those transactions will be invalid for the people using the new wallet, including the exchanges.

[3xk0pt3r]

So what is to prevent the original developer from selling more coins from the premine as we speak? Are you rolling back the block-chain to some point in the past or what, I don't get it?

Im not a coder, but as far as i know, there is a hardcode to block wallet, where the orriginal dev have these premined coins. That's the main reason for stop deposits and withdraws on exchanges and the rason why we'rewaiting for new updated wallet. Those premined coins will be, simply told, ignored.