[AC] AsiaCoin | Pure PoS | 100% Interest

[CoolGecko]

coin control feature when implemented into the wallet?

In our next wallet update, we're working on it now. Stay tuned.

That would be nice. I get all these small transactions, especial from the POS interest. It would be nice to be able to easily combine them.

[ORiN]

coin control feature when implemented into the wallet?

In our next wallet update, we're working on it now. Stay tuned.

That would be nice. I get all these small transactions, especial from the POS interest. It would be nice to be able to easily combine them.

Combine them? Can coin control do that?

[Maestro1]

That would be nice. I get all these small transactions, especial from the POS interest. It would be nice to be able to easily combine them.

Combine them? Can coin control do that?

You don't need coin control to do that. You can just make a payment at the amount of your entire wallet to yourself, it basically groups all the small coin blocks and puts them into one big one, although as you stake, big blocks break and smaller blocks generate so it's really not necessary.

[ORiN]

I thought I will post some clarification about PoS and staking that I got from Maestro1.

1. Proof of Stake (PoS) does not work exactly like bank interest. Bank interest is a layman analogy for PoS but they don't operate the same way. This is a common misconception that we noticed.

2. Closing the wallet app doesn't affect maturation of your AsiaCoin. Of course, you won't be able to stake when your wallet app is closed.

3. Once you received a stake for a particular block of coins, the old coins in that block are destroyed and recreated in the new block with the staked coins. The new block will need to mature for 14 days before it can start staking again.

[CryptoBull]

I thought I will post some clarification about PoS and staking that I got from Maestro1.

1. Proof of Stake (PoS) does not work exactly like bank interest. Bank interest is a layman analogy for PoS but they don't operate the same way. This is a common misconception that we noticed.

2. Closing the wallet app doesn't affect maturation of your AsiaCoin. Of course, you won't be able to stake when your wallet app is closed.

3. Once you received a stake for a particular block of coins, the old coins in that block are destroyed and recreated in the new block with the staked coins. The new block will need to mature for 14 days before it can start staking again.

Thank you very much 3. explains it all
Go asia coin go 

[ORiN]

I thought I will post some clarification about PoS and staking that I got from Maestro1.

1. Proof of Stake (PoS) does not work exactly like bank interest. Bank interest is a layman analogy for PoS but they don't operate the same way. This is a common misconception that we noticed.

2. Closing the wallet app doesn't affect maturation of your AsiaCoin. Of course, you won't be able to stake when your wallet app is closed.

3. Once you received a stake for a particular block of coins, the old coins in that block are destroyed and recreated in the new block with the staked coins. The new block will need to mature for 14 days before it can start staking again.

Thank you very much 3. explains it all
Go asia coin go 

Apparently, many altcoin investors have the misconception about PoS.

[ORiN]

www.ezystorm.com new asiacoin mining pool

AsiaCoin is not minable at all as it is past Proof of Work phase.

[shahim]

hey guys

you have alread recognized apple is now allowing virtual currency on their market?

Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions

asiacoin should be the first to have an iphone wallet

[ORiN]

hey guys

you have alread recognized apple is now allowing virtual currency on their market?

Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions

asiacoin should be the first to have an iphone wallet

Dude, saying and doing are different things. Coding a wallet app is not the same as talking about it. We will need a developer who can code in Objective-C. It may be faster if we have some source code to work with instead of coding from scratch.

[shahim]

hey guys

you have alread recognized apple is now allowing virtual currency on their market?

Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions

asiacoin should be the first to have an iphone wallet

Dude, saying and doing are different things. Coding a wallet app is not the same as talking about it. We will need a developer who can code in Objective-C. It may be faster if we have some source code to work with instead of coding from scratch.

I just wrote to one of my buddys, who is programmer and can do this stuff. Also has experience at apple programming.

You think there could be made some bounty to give him something?

[ORiN]

hey guys

you have alread recognized apple is now allowing virtual currency on their market?

Apps may facilitate transmission of approved virtual currencies provided that they do so in compliance with all state and federal laws for the territories in which the app functions

asiacoin should be the first to have an iphone wallet

Dude, saying and doing are different things. Coding a wallet app is not the same as talking about it. We will need a developer who can code in Objective-C. It may be faster if we have some source code to work with instead of coding from scratch.

I just wrote to one of my buddys, who is programmer and can do this stuff. Also has experience at apple programming.

You think there could be made some bounty to give him something?

A bounty in AC is definitely will be given. Perhaps you can check with your programmer friend and have him contact us. Given the pace of the crypto-currency scene, the wallet has to be done quickly.

[Maestro1]

For iOS wallet, we'd give a 50k bounty for the wallet, 75k bounty if the wallet can stake as well.

[shahim]

thnx I informed him. The graphics guy is already on board. The coder is at work. will answer in perhabs an hour.

[ORiN]

thnx I informed him. The graphics guy is already on board. The coder is at work. will answer in perhabs an hour.

If both of them are interested, we are looking to beef up numbers in the AsiaCoin Foundation. We are looking to start various projects so that we are work on various aspects to further the cause of AsiaCoin.

[jdebunt]

Small new article :

http://www.cryptoarticles.com/crypto-news/asiacoin-added-to-coinpayments-developers-wanted-and-more#

[ORiN]

Small new article :

http://www.cryptoarticles.com/crypto-news/asiacoin-added-to-coinpayments-developers-wanted-and-more#

Thank you for the coverage!

[shahim]

thnx I informed him. The graphics guy is already on board. The coder is at work. will answer in perhabs an hour.

If both of them are interested, we are looking to beef up numbers in the AsiaCoin Foundation. We are looking to start various projects so that we are work on various aspects to further the cause of AsiaCoin.

Hi he took a look at the code on

https://github.com/micryon/AsiaCoinFix

question is if this all is needed for the wallet, or the wallet is only a small part of it? He is not into bitcoin right now.

[Maestro1]

thnx I informed him. The graphics guy is already on board. The coder is at work. will answer in perhabs an hour.

If both of them are interested, we are looking to beef up numbers in the AsiaCoin Foundation. We are looking to start various projects so that we are work on various aspects to further the cause of AsiaCoin.

Hi he took a look at the code on

https://github.com/micryon/AsiaCoinFix

question is if this all is needed for the wallet, or the wallet is only a small part of it? He is not into bitcoin right now.

That's the whole wallet, so what he needs to do is to somehow port the functionality to iOS, and create a simple UI for it that can connect to the wallet.

[CoolGecko]

That would be nice. I get all these small transactions, especial from the POS interest. It would be nice to be able to easily combine them.

Combine them? Can coin control do that?

You don't need coin control to do that. You can just make a payment at the amount of your entire wallet to yourself, it basically groups all the small coin blocks and puts them into one big one, although as you stake, big blocks break and smaller blocks generate so it's really not necessary.

I know that it can be done manually, but doing it can be made easier through coin control. I brought up the subject because a few days ago, I was reading about coin control and they discussed combining. They said that there are advantages. For one thing, during POS the larger blocks stake sooner, so you might get more interest. It can take days for the very small blocks to stake and many people don't leave their wallet open continuously. Another thing is that if the wallet is trying to stake many small blocks, it takes more computer resources than with larger blocks.

http://wiki.hobonickels.info/index.php?title=Coin_Control#Considering_Block_Size_and_Quantity

[CoolGecko]

www.ezystorm.com new asiacoin mining pool

AsiaCoin is not minable at all as it is past Proof of Work phase.

Yeah, it's true that you can not mine Asiacoin, but you can mine at a multipool that mines dogecoin, and other POW coins, and then exchanges them for Asiacoins, for you. Hashcows does this. I've been "mining" Asiacoins there to increase my stash of them. I'm glad to see that there is now another place that does this for Asiacoins.