[AC] AsiaCoin | Pure PoS | 100% Interest

[vincentvincent]

The wallet works like a charm.
I still had my old coins.
I received new coins from c-cex trade withdraw.
I was able to send coins to the asiacoin donation address.

And it is FAST. Great!!!

[Kazulya]

 What say crypsy and mintpal at the start of trading? My all AC hold on crypsy

[johntseng]

any schedule for the official multipool yet?

[micryon]

I like the idea of cryptocurrency loans (so we will have cryptocurrency debt collectors at some point ), but there must be a precise way to control/manage this. I don't think the challenge is the implementation of it into code, it's figuring a viable model out.

It may led to short selling of the Coin, which may put the coin into higher risk.

Some of the ideas here although cool, has some serious constraints placed on the blockchain-transaction model (Bitcoin architecture)..

So would have to really think about it.. may or may not be feasible.  unlike traditional systems, the bitcoin architecture is all about corner cases, and security..  

Even if you can make a happy path functionality work, it may not hold up against all the security corner cases.

So would need a lot of thought, and likely a lot of reviews.. design/implementation proposal whitepaper would need to be published and thoroughly reviewed through an RFC process... etc.

[Maestro1]

Great job on the relaunch. Glad to see it work out for the best. Is the minimum stake age still 2 weeks, with no maximum age? It's not noted in the OP.

Yeah, it's the same. I will update the OP with full specs.

any schedule for the official multipool yet?

There's no ETA yet, but as soon as Mintpal, Cryptsy or Poloniex relist us, HashCows will start their payouts in AC so there will be a stable multipool then.

What say crypsy and mintpal at the start of trading? My all AC hold on crypsy

They are still reviewing the code. I suggest you tweet them asking the question We are just a few people, but if the community starts asking them for updates, they will accelerate their process.

[Kazulya]

What say crypsy and mintpal at the start of trading? My all AC hold on crypsy

They are still reviewing the code. I suggest you tweet them asking the question We are just a few people, but if the community starts asking them for updates, they will accelerate their process.

many times they wrote, always meet in one sentence

[menu74]

After PoW stage, it should be difficult to reach 19,21 GH of network hashpowers at block 27377 and 32106. We will be stay at PoW+PoS stage if the data trogdorjw73 provided is correct. Is this possible to reopen the block explorer let more community members to check this issue? We should do more care about this matter since three exchanges allow AC transaction now.  Thanks for all your efforts, great community and team members.  

I'm not sure what you mean, can you clarify?

Do you mean that you think PoW is still going on?

I can assure that PoW is not currently being accepted into the blockchain at this point.  Although one can try to generate a proof of work, no other nodes would accept it into the blockchain due to this statement in CBlock::AcceptBlock()

Code:

	if (IsProofOfWork() && nHeight > CUTOFF_HEIGHT)
        return DoS(100, error("AcceptBlock() : No proof-of-work allowed anymore (height = %d)", nHeight));

Thanks for your reply, I quoted the topic #1263 from trogdorjw73 as follows: 

trogdorjw73 on Today at 12:59:33 AM
Is the coin PoW difficulty frozen at 274.46071294? What's up with that? It's stayed static over the past 5000 blocks or so, and I see the hash rate hasn't really changed either. According to the latest wallet, networkhashps  went from ~19GH at block 27377 up to ~21GH at block 32106. What's up with that? Are people still trying to mine AC directly? Or are these just miscellaneous bugs? Considering the temporary block explorer is down, I think we still have a problem. Hopefully it doesn't really matter, but given the checkered past of this coin things like this won't help instill confidence!"

As trogdorjw73 mentioned, networkhashps went from ~19GH at block 27377 up to ~21GH at block 32106 according to the latest wallet. Someone might mine AC at the blocks if his data is right. That's why I asked your help to clear this issue and thanks for your detailed explanation.     

 

[Deathtoallptots]

Can someone explain the POS to me.

Say if Im staking 75000 coins, why am I receiving only 2000 coins back that's like 2% not 100%?

[Collegestudent]

Can someone explain the POS to me.

Say if Im staking 75000 coins, why am I receiving only 2000 coins back that's like 2% not 100%?

Its 100% a year type of thing. Tell me which bank gives 1% each day.

[Maestro1]

Can someone explain the POS to me.

Say if Im staking 75000 coins, why am I receiving only 2000 coins back that's like 2% not 100%?

100% a year
0.27% a day
75000 * 0.27 = ~ 200 AC per day.

[Deathtoallptots]

That make's a lot more sense, I was wondering what the exact percentage would be.

[nanoshare]

How do we know that you are not the asiacoin dev?

[johntseng]

Can someone explain the POS to me.

Say if Im staking 75000 coins, why am I receiving only 2000 coins back that's like 2% not 100%?

100% a year
0.27% a day
75000 * 0.27 = ~ 200 AC per day.

should be 0.2% a day?

[ChrisLandin]

Hiya.

What was the stake age again? 2 weeks? I had all my coins stored on mintpal but fancy moving them back to my local wallet for the time being.

[Maestro1]

How do we know that you are not the asiacoin dev?

You don't (and how do we know that you're not him, again, I don't). You can't know that he isn't even launching another coin right now, or he may even have another coin and is still currently active on it. What you can know is that our source code is out there, has been vetted by a lot of people, you can have a look inside to be sure, and our lead developer is a trusted member here (micryon).

What we continuously suggested people in doubt to do, is to use a tool like winmerge in order to compare our source code line by line with other coins like BC or Cinni to see if there's anything hidden there.

[micryon]

trogdorjw73 on Today at 12:59:33 AM
Is the coin PoW difficulty frozen at 274.46071294? What's up with that? It's stayed static over the past 5000 blocks or so, and I see the hash rate hasn't really changed either. According to the latest wallet, networkhashps  went from ~19GH at block 27377 up to ~21GH at block 32106. What's up with that? Are people still trying to mine AC directly? Or are these just miscellaneous bugs? Considering the temporary block explorer is down, I think we still have a problem. Hopefully it doesn't really matter, but given the checkered past of this coin things like this won't help instill confidence!"

As trogdorjw73 mentioned, networkhashps went from ~19GH at block 27377 up to ~21GH at block 32106 according to the latest wallet. Someone might mine AC at the blocks if his data is right. That's why I asked your help to clear this issue and thanks for your detailed explanation.     

okay, so this is cleared up now with my explanation at this point?

[Maestro1]

Hiya.

What was the stake age again? 2 weeks? I had all my coins stored on mintpal but fancy moving them back to my local wallet for the time being.

Yes it's 2 weeks.

[Deathtoallptots]

How do we know that you are not the asiacoin dev?

lol really?

[Maxikosw]

Can someone explain the POS to me.

Say if Im staking 75000 coins, why am I receiving only 2000 coins back that's like 2% not 100%?

100% a year
0.27% a day
75000 * 0.27 = ~ 200 AC per day.

hmm.. 0.27 * 75000 / 100 = 202.5
or easier to calc = 75000 / 365 =  ~ 200

[voisina]

https://c-cex.com/?rf=8C70008E385D8103
http://c-cex.com/i/c-cex_banner_250x250.gif
https://c-cex.com/?rf=8C70008E385D8103


Great News from C-cex -- First Exchange ever giving POS stakes rewards..

What this means:

POS are generated stakes when you have your coins in your wallet for a certain period of time...
If you have them in an exchange ... you simply dont get stakes.....

Whats different on C-cex

Coins deposited and placed on sell orders...if they reach their Stake-Age-Mature time...
They generate other coins...
These coins are credited on the user's account.. without having to do anything,from the user side..
SO SIMPLE!!!

VISIT c-cex and try it for yourself.... Dont loose stakes anymore...!!!


ASIAcoin back on trading!!!

I traded using my iphone on your site. I bought over 700,000 AC for about 0.5 or 0.6 BTC. That was nice. Then, a little later, while I was trying to zoom in on your trading screen, as it moves soo slow, when it had finally zoomed in I had made a trade where I sold my over 700,000AC for 0.2 BTC. This was not intentional. I was pissed. Anyway, being that your site was the only place I knew of to buy AC, I bought (+/-) 54000AC, however these coins, although logged in my trading history at the bottom of the screen, have never appeared in my wallet on your site. I then bought another (+/-) 20,000AC, and that is what I now appears in my wallet now, on your site. Your site has no confirmation button for a trade. It's so slow. Just zooming in can cause this kind of thing to happen. I'm out (+/-) 685,000AC because of your malfunctioning trading platform. BTW, I've been trading crypto since Nov of last year and always on my iphone. I never had this problem before. Damn, I'm still pissed.