Author

Topic: [AC] AsiaCoin | Pure PoS | 100% Interest - page 161. (Read 264588 times)

member
Activity: 112
Merit: 10
It's a good idea! But it is too elaborate, confusing (to the vast majority of people), and even more complicated to implement for you!
I would go for something more simple and effective Wink

As long as people know it's a gradual decrease from 100 to 2 within two years, I think it won't confuse them. Coding it is also simple, no worries.

Excellent! So I am with you!
I personally like it! Smiley
full member
Activity: 154
Merit: 100
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.. Smiley

And .. decided and built by the community.. instead of some random 0 post guy (like before)
hero member
Activity: 518
Merit: 500
The blockchain is the future
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



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.
member
Activity: 112
Merit: 10
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

full member
Activity: 126
Merit: 100

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



+1 I agree although 2% after year 4 might be too high. How about 1% after Year 4. Something 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: 1%
  • ...
  • Year 10: 1%
  • Year 100: 1%


full member
Activity: 210
Merit: 100
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.
full member
Activity: 210
Merit: 100
It's a good idea! But it is too elaborate, confusing (to the vast majority of people), and even more complicated to implement for you!
I would go for something more simple and effective Wink

As long as people know it's a gradual decrease from 100 to 2 within two years, I think it won't confuse them. Coding it is also simple, no worries.
full member
Activity: 351
Merit: 100
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:

  • 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.

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
member
Activity: 112
Merit: 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:

  • 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.

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.


It's a good idea! But it is too elaborate, confusing (to the vast majority of people), and even more complicated to implement for you!
I would go for something more simple and effective Wink
hero member
Activity: 596
Merit: 500
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:

  • 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.

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.



+1! You guys are doing an excellent job resurrecting this coin and silencing the naysayers. This could very well go down as the biggest comeback story in crypto history, especially considering the massive hash and trading volume it had before.

The POS proposal is perfect (and will keep people holding on to their coins for longer) plus the plans for the multipool to stabilize price.... damn, the scam the dev pulled may very well turn out to be the best thing that happened to this coin as now it's going to come back stronger than ever under the leadership of the community!
newbie
Activity: 56
Merit: 0
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:

  • 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.

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.



that looks like a good, solid plan to me. +1
legendary
Activity: 1148
Merit: 1000
i like the stake that has been posted more coins is not healthy for price growth
hero member
Activity: 518
Merit: 500
The blockchain is the future
and anyway 2nd yr interest was going to bring 320mill to 326mill. So this is even better
hero member
Activity: 518
Merit: 500
The blockchain is the future
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:

  • 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.

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.



This is actually more well thought out and better than me, (well only because i dont do as much as you) this gives tons of incentives for the same holders and future holders because its still excellent interest and the total coins will remain to be 320mill in 2 yrs rather than 320mill in 1 yr.
member
Activity: 112
Merit: 10
Maestro can we get a poll for POS interest

Options:
1. 70%
2. 100%
3. 2%
4. 5%
5. 10%
6. 1%

I would be inclined by 100% for two months as a continuity of PoW mining, only that more energy efficient through the PoS
And then a lower rate as BC style to give sustainability to the price of medium and long term.
And we do not have a problem of survival of the coin in the future!!!

We'll see many have different views why i ask for a poll. I personally think 70% for 1 yr is the best solution but its upto all of us.

Maybe we arrived late to this discussion, and the DEV team already will have made a decision. And I support!
full member
Activity: 210
Merit: 100
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:

  • 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.

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.

hero member
Activity: 518
Merit: 500
The blockchain is the future
Maestro can we get a poll for POS interest

Options:
1. 70%
2. 100%
3. 2%
4. 5%
5. 10%
6. 1%

I would be inclined by 100% for two months as a continuity of PoW mining, only that more energy efficient through the PoS
And then a lower rate as BC style to give sustainability to the price of medium and long term.
And we do not have a problem of survival of the coin in the future!!!

We'll see many have different views why i ask for a poll. I personally think 70% for 1 yr is the best solution but its upto all of us.
member
Activity: 112
Merit: 10
Maestro can we get a poll for POS interest

Options:
1. 70%
2. 100%
3. 2%
4. 5%
5. 10%
6. 1%

I would be inclined by 100% for two months as a continuity of PoW mining, only that more energy efficient through the PoS
And then a lower rate as BC style to give sustainability to the price of medium and long term.
And we do not have a problem of survival of the coin in the future!!!
full member
Activity: 163
Merit: 100
founder of X-Laboratories

Tbh i dont think we need the list anymore since AC have great value again and it is just going to rise even more. Whats important now is updating future goals and etc. The list was there only to make sure what amt of coins ppl add for AC2 but now AC is staying no need for Ac2.

The list will go away once the new patch is applied. However, I would like to use the site to further promote AC since it already had over 1K unique visits in the past couple days from people interested in the AC topic.

I would like for the site to become a good source for information related to AsiaCoin.

 

+111
hero member
Activity: 518
Merit: 500
The blockchain is the future
Maestro can we get a poll for POS interest

Options:
1. 70%
2. 100%
3. 2%
4. 5%
5. 10%
6. 1%
Jump to: