Topic: [AC] AsiaCoin | Pure PoS | 100% Interest - page 144. (Read 264526 times)

It sounds like a flawed concept in my opinion. Bitcoin has its current value because people can purchase things with it. Therefore, it has value in the eyes of users and holders. If everyone is holding AC but no one actually uses it to make purchases, AC will not be able to retain its value in the long run. I would say value creation is the most important task at hand so that AsiaCoin is considered more than just a long digital string. Bitcoin and BlackCoin are valuable to people because merchants accept Bitcoin and BlackCoin as a form of payment. BlackCoin has less value since there are not much merchant support at the moment.

Lol, kudos +1 to you for pulling this out. Yeah, I live in Asia and I know some shops that receives Bitcoin as payment just for the sakes of free marketing/PR.

I can imagine how straightforward it would be to just walk out and talk to them to accept Asiacoin where several thousands of visitors come to our official site everyday with more and more people hearing about this coin in the coming months.

This may not be easy but once you overcome the tipping point... it just snowballs.

hi

Ok thanks you vey much to reply Nexus . 

I can't guarantee but it may take time. I mine BC (multipool) it takes 24h for first transactions - once a day.
AC POW is complete - POS now once fixed.

In the coming days there will be a transfer of power for this coin before hopefully another transfer further down the road.

1. For the past few days since the pre-mine discovery the power has resided with the new development team and active community members.  AsiaCoin would be dead without new developers, hence that it is where the power resides.

2. Upon release of the wallet and trading the power will transfer to the collective holders of AC, not just the active community here.  If everyone goes out and dumps their coins it could damage the coin for a long time.  The devs have nearly completed everything they can to re-launch the coin and set the right conditions for success.  The high interest rate is still there to reward holders.  This phase will be dangerous for the coin but I urge you all to consider your position.

3. Hopefully when we are through phase 2 (above) the power will transfer back to the development team and active community when the work will begin to define the future of this coin.  At this time I believe this coin has a development team and community that easily sits next to the best out there and may well be the best.  We must stick together to ride this transition and then go on to a great future.

Consider the specs of this coin and compare them to BlackCoin and CinniCoin:

a) We are POW/POS hybrid.

b) We have a similar long term interest rate (arguably the best).

c) We have an exceptional development team.

d) We have an active, growing and strong community bound tightly by misfortune.

e) We have a continuous reward system in place via the high initial interest rate.

f) We have tweaked the transition from high interest rate to low to be gradual which will increase stability.

g) We have a multipool.

Look at the price of BlackCoin & CinniCoin.  Think about the early holders of those coins.

https://www.mintpal.com/market/BC/BTC
https://www.mintpal.com/market/CINNI/BTC

The market likes these kind of specifications because they are good.  AsiaCoin may have a very bright future indeed but I don't mean tomorrow, I mean over the coming weeks, months and years.

I held my coins before the problems, I held throughout the problems and I will continue to hold after.

just added screenshot of AC hash from April 23 : AC was hashrate over 24GH then : http://imgur.com/yVQEGPa

1000000000000000000% AGREE

Sounds excellent, more and more whales are acumlating and holding cold for the long term.

during POS ( mining ) period of AC average hash rate was 20GH at the end dropped to 10GH

easiest site to watch hash rate is http://liteshack.com/

at average 0.06 BTC/MH ( each rig gets 0.06 value of coin per 1MH of rig power per day - term used every day by miners )
around 1200 BTC value of AC was mined every day

if all markets turnover of AC was then no more than 600 BTC http://coinmarketcap.com/volume.html   and most likely not less than 75%
of this turnover was short term buying ans selling ( that is low estimate as for instance on forex markets of oil or gold short term plays without intention to hold is over 99% of turnover ) that measn that less than 1/6 of mined AC was sold right away

that means someone had accumulated large quantities of mined AC during PPOS period

hope this language more correct

Best chart i could find:
http://i.imgur.com/Vf5KH1i.jpg

Here is my TA for now.

Sorry i dont understand u, can u please rephrase it using better english?

Isnt there a decent AC chart, i wanna do TA and publish it.

while mining AC at AC POW period I have tried to calculate balances of global AC hash rate and market dump every day.
most often it was 20GH for AC at the end dropped to 10GH
every day around 1200 BTC value of AC was mined  - at  0.06 BTC/MH
if short term speculation on AC market estimated as 75% of exchanges turnover ( this is rather low estimate as oil or gold market pure speculation is over 99% )
that signifies much less than 1/6 of mined AC was dumped on the market right away each day
and someone has accumulated large quantity of mined AC ?

Level 1500-2000sat will hold several days. Who wont sell win

if there are good announcements then it will be  :-) but firtst things first and that is make it a good coin (code) and happy trading.
Then the party is starting :-)

I have a feeling price will rise to 2000 easily because of so many ppl wanting to hold lets all become the elite wealthy hahah!

Should be maximum a day, its already made just needs to be released.

Any news regarding release date for the new wallets?

Atm 99% BTC is held by 1% of the ppl while 0.5% own 99% of all Blackcoins hence their price. The more held will leave less to be bought increasing price and creating further demand which is what yall want. If 160mill of 170mill was held in wallets, you will see a similar boom as in the case of BC, BTC, Cinni.

Merchants will still work.

But the economy only spins when people are transacting with AC. Bring on the merchants?