I just wonder how many millions of coins got send from the premined addresses to keep dumping on the market.
How many more hidden blocks are people gonna find.
1)
The premine was hidden through some clever obfuscation of the code. This has all been found and reverted at this point. I diff'd the code using winmerge. As well I posted the winmerge report for everyone to look at (in case you are too lazy to download and install winmerge:
http://www.realstackcoin.org/asiacoinfix_cinni.htm)
It is highly unlikely that there are any other hidden premines at this point (but sure, nothing is impossible i guess..)
Ironically, given the wide exposure of the scam and experts such as myself getting in on this: the blockchain and code has been put under a microscope, over the last week... and at this point is probably a lot more safer than any of the other newer alt coins on the market.
It is true that most altcoins don't have any kind of audit, no one even looks at the code on github (like what happened with AC). But once something does surface everyone does jump on it..
2)
Yes, anyone of us could be the original scammer.. no way to tell.. but the point of the bitcoin protocol (which all altcoins rely on), is so that it is supposed to not matter. ANyone on the network could be a scammer or a bad actor. What protects it is transparency and visibility.. the code being available (and can be reviewed by anyone), self compilable.. and blockchain is there for all to see.. you just need to do your own due diligence.
Saying something like "oh i think its a scam".. is completely an unfounded opinion. If you are an expert: the code is all there, the blockchain is all there.. everyone who wants to mess around and invest, well you can look yourself.
If you can't understand code or how bitcoin works.. then at least trust someone who can. Instead of a random person who has never looked at the code or blockchain.. and just throwing out his opinion from "experience".
3)
There is a risk.. the biggest risk is that my patch doesn't work, that there is a side corner case that allows the premine to be moved, which i didn't anticipate. I tested it myself through negative testing, but since I don't hold the keys to the actual premine address.. there's no way to be 100% sure.
Given what I know of the code, and the protocol.. it should work. But this is also why a block explorer and a "premine detector" should be created so that any such action is not easily obfuscated, should it actually happen.
The key to all of this is visibility and transparency.. no BS from me.. not going to tell you any stories of what this is or isn't.. just the hard facts..