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Topic: [AC] AsiaCoin | Pure PoS | 100% Interest - page 127. (Read 264588 times)

member
Activity: 84
Merit: 10
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?
newbie
Activity: 42
Merit: 0
How do we know that you are not the asiacoin dev?

newbie
Activity: 14
Merit: 0
That make's a lot more sense, I was wondering what the exact percentage would be.
full member
Activity: 210
Merit: 100
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.
hero member
Activity: 518
Merit: 500
The blockchain is the future
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.
newbie
Activity: 14
Merit: 0
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%?
newbie
Activity: 55
Merit: 0
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.     

 

newbie
Activity: 54
Merit: 0
What say crypsy and mintpal at the start of trading? My all AC hold on crypsy Angry
They are still reviewing the code. I suggest you tweet them asking the question Smiley 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
full member
Activity: 210
Merit: 100
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 Angry

They are still reviewing the code. I suggest you tweet them asking the question Smiley We are just a few people, but if the community starts asking them for updates, they will accelerate their process.
full member
Activity: 154
Merit: 100
I like the idea of cryptocurrency loans (so we will have cryptocurrency debt collectors at some point Cheesy), 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.
member
Activity: 84
Merit: 10
any schedule for the official multipool yet?
newbie
Activity: 54
Merit: 0
 What say crypsy and mintpal at the start of trading? My all AC hold on crypsy Angry
sr. member
Activity: 285
Merit: 251
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!!!
hero member
Activity: 1036
Merit: 606
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.
hero member
Activity: 518
Merit: 500
The blockchain is the future
I like the idea of cryptocurrency loans (so we will have cryptocurrency debt collectors at some point Cheesy), 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.

Well if there are many venders, then this will definately need to be implemented at some point. currently as u are stating it is very true because not too many venders at this point.
member
Activity: 84
Merit: 10
I like the idea of cryptocurrency loans (so we will have cryptocurrency debt collectors at some point Cheesy), 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.
hero member
Activity: 518
Merit: 500
The blockchain is the future
The guy i contact for a Mac wallet told me to expect it within 8 hrs!! Be sure to donate to bounty guys! We doing serious actual work for the long term.
hero member
Activity: 518
Merit: 500
The blockchain is the future

1. You are able to view transactions on each side so on one side its Money coming in, while on the other side its money going out. This is kind of like a Accounting cash book.


I really like this idea in particular. The transaction tab is the same in every wallet I've seen.

Speaking of the transaction tab, can anyone explain why the Type column filter has "Mined" in it twice? One filters and shows your mined transactions and the other shows nothing (in my wallet anyway). It's the same in other wallets too (but not all); not just this one. Should it perhaps read "Minted"?

If it is supposed to be "Minted", then should the minted (staked) coins coming in be labeled as minted instead of mined? It's a minor thing in any event.


https://encrypted-tbn3.gstatic.com/images?q=tbn:ANd9GcQBFnTwmTTtC6N1LF395zoNi_VDS6oKgho-hwhR1qlWLFJB5lNgtQ

Yup it would look extremely neat and almost like a real banking and payment processor tool. Coding BTC itself was almost impossible and these 3 things i mentioned are like the icing on the cake. I cant code myself for shit, but ive got the ideas Tongue
newbie
Activity: 31
Merit: 0

1. You are able to view transactions on each side so on one side its Money coming in, while on the other side its money going out. This is kind of like a Accounting cash book.


I really like this idea in particular. The transaction tab is the same in every wallet I've seen.

Speaking of the transaction tab, can anyone explain why the Type column filter has "Mined" in it twice? One filters and shows your mined transactions and the other shows nothing (in my wallet anyway). It's the same in other wallets too (but not all); not just this one. Should it perhaps read "Minted"?

If it is supposed to be "Minted", then should the minted (staked) coins coming in be labeled as minted instead of mined? It's a minor thing in any event.
full member
Activity: 210
Merit: 100
I like the idea of cryptocurrency loans (so we will have cryptocurrency debt collectors at some point Cheesy), 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.
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