I ask only that:
Min stake age: 8 hours, no max age
Min stake age: 8 hours, no max age
Interesting, although longer min age (2 weeks) would force people to be more committed to generate stake in their wallets.
Topic: [AC] AsiaCoin | Pure PoS | 100% Interest - page 160. (Read 264588 times)
Interesting, although longer min age (2 weeks) would force people to be more committed to generate stake in their wallets.
i hope people will not dump coin, when it released on exchanges
thats what im talking about on the irc. to not dump and help support for the long term and why.
CollegeGuy
i hope people will not dump coin, when it released on exchanges
thats what im talking about on the irc. to not dump and help support for the long term and why.
i hope people will not dump coin, when it released on exchanges
thats what im talking about on the irc. to not dump and help support for the long term and why.
i hope people will not dump coin, when it released on exchanges
For anyone that wants to help me test "the happy path", you can send me a coin to this client using your existing client. Address: AT1hm5R4JSjkHsDcscsLb6co3oJ2JZft6Z
test coin sent
1 also
+1 sent
send back add:
ALmM4QaxVQf6LAdTS1JaFQnx2Y3eBZVKdu
Received Successfully.
I repeat come to IRC #ACRevival
once this is back up I promise to make AC donation to the dev team.. and everyone who is granted a second chance to recover $$ should be grateful to this group of DEV's and do the same thing.
I agree!
hey who all sent me test coins again?
I got:
4 1's
1 100
1 10
I got:
4 1's
1 100
1 10
Dear Community (Important):
We need to finalize our decision on PoS staking rate of the coin. We put this up for debate many pages ago and a lot of you shared your ideas. I will try to summarize:
What I proposed a few pages ago:
And you guys mostly seemed to agree.
Details will be like this:
Coins now: 171,000,000
Note: These numbers are the maximum, if 100% of the coins stake all the time. This will not be the case obviously. So the actual total coin numbers will be significantly less but there is no way to know as we don't know what percentage will stake. This new staking system will be unique to our coin too, adding innovation to our investments!
I ask to postpone other discussions now to when we agreed to PoS staking rate, as this is what we need to decide on urgently. We can't do a poll as the thread is not self-moderated. That was essential for building trust.
Please let us know if you agree with this, and of course (even more importantly), if you disagree.
We need to finalize our decision on PoS staking rate of the coin. We put this up for debate many pages ago and a lot of you shared your ideas. I will try to summarize:
- The majority of you invested in the coin mainly of its high stake rate in the first year and named it as its main feature: therefore we will honour it.
- However, a lot of you raised concerns about the future and sustainability of the coin with a very high interest rate, which is a valid point. The original developer did not think about the future of the coin, and we don't think his decisions were in the interest of long term survival of the coin
- Sudden change in the staking rate is NOT good for the coin as it creates a sudden change of its most significant specitication.
What I proposed a few pages ago:
I personally think a swift change PoS rate from 70-100% to 2-5% is not a good idea, it's a very big change for a coin and its specification. I very much prefer a more slow gradual decrease on shorter intervals (e.g. instead of jumping from 100% in year 1 to 2% in year 2, we can do a slow decrease every 1-2 months until we get to 2% within 2-3 years).
I don't think the original developer thought about the long-term PoS issues of the coin, this is evident from the code he wrote but this is something that we need to decide.
I don't think the original developer thought about the long-term PoS issues of the coin, this is evident from the code he wrote but this is something that we need to decide.
And you guys mostly seemed to agree.
Details will be like this:
Coins now: 171,000,000
- Year 1, Month 1-2 : 100% - 199,500,000 AC
- Year 1, Month 3-4 : 80% - 226,100,000 AC
- Year 1, Month 5-6 : 60% - 248,710,000 AC
- Year 1, Month 7-8 : 40% - 265,290,666.6 AC
- Year 1, Month 8-10: 30% - 278,555,200 AC
- Year 1, Month 10-12: 20% - 287,840,373.3 AC. This is end of Year 1
- Year 2, Month 1-2 : 15% - 295,036,382 AC
- Year 2, Month 3-4 : 10% - 299,953,655 AC
- Year 2, Month 5-6 : 8% - 303,953,037 AC
- Year 2, Month 7-8 : 6% - 306,992,568 AC
- Year 2, Month 8-10: 4% - 309,039,185 AC
- Year 2, Month 10-12: 3% - 310,584,381 AC. This is the end of Year 2
- Year 3: 2% - 316,796,068
- Year 4: 2%
- ...
- Year 10: 2% - 363,899,103 AC
- Year 100: 2% - 2,162,700,201 AC
Note: These numbers are the maximum, if 100% of the coins stake all the time. This will not be the case obviously. So the actual total coin numbers will be significantly less but there is no way to know as we don't know what percentage will stake. This new staking system will be unique to our coin too, adding innovation to our investments!
I ask to postpone other discussions now to when we agreed to PoS staking rate, as this is what we need to decide on urgently. We can't do a poll as the thread is not self-moderated. That was essential for building trust.
Please let us know if you agree with this, and of course (even more importantly), if you disagree.
Agree.
I ask only that:
Min stake age: 8 hours, no max age
Min stake age: 8 hours, no max age
With the original specifications so far AC worked very well with much acceptance in your community. That's what matters most!
Perhaps one should not deviate too much from the original specifications, beyond that I like it or not
There will even be a long time in the future to make another change for a better update! hahaha
Perhaps one should not deviate too much from the original specifications, beyond that I like it or not
There will even be a long time in the future to make another change for a better update! hahaha
No man this is best because discussion has been going for too long as i say this is the elixer we need to move forward.
I accept what you say the DEV team and most of the community!
For anyone that wants to help me test "the happy path", you can send me a coin to this client using your existing client. Address: AT1hm5R4JSjkHsDcscsLb6co3oJ2JZft6Z
test coin sent
1 also
+1 sent
send back add:
ALmM4QaxVQf6LAdTS1JaFQnx2Y3eBZVKdu
Guys come IRC https://kiwiirc.com/client #ACRevival
AC still can do? I still have a lot in the trading site
Reborn?
Hope it could make thing better
Hope it could make thing better
Logically, this is going to be better:
- Statically linked wallet
- Much better logo
- Better website
- Cleaner code base
- Better PoS rewards schedule
- More transparency
- trust: devs with actual ratings, instead of some anonymous dev
- retains current blockchain and wallet distribution.. (huge existing user base)
and most important:
- Actually MORE people driving this thing.. except 1 fairly absent scamming dev.
As far as the POS, I think we need a clear vote on either the original 100% for one year solution or maestro's proposal. Clean and simple, winner of the poll is how we should go.
Reborn?
Hope it could make thing better
Hope it could make thing better
Would be nice to put a new spin on this..
Not just an AC security patch.. but AC with new and improved PoS block halving patch..
And .. decided and built by the community.. instead of some random 0 post guy (like before)
Not just an AC security patch.. but AC with new and improved PoS block halving patch..
And .. decided and built by the community.. instead of some random 0 post guy (like before)
Perfect! You have my full support in what they decide to do!
I trust his great professional ability
Would be nice to put a new spin on this..
Not just an AC security patch.. but AC with new and improved PoS block halving patch..
Not just an AC security patch.. but AC with new and improved PoS block halving patch..
Can i get wallet early tho, pm me link so i can test it.
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