Topic: [AC] AsiaCoin | Pure PoS | 100% Interest - page 166. (Read 264588 times)

+1
Well, my view is in the middle. Yes we need the patch thoroughly tested. But don't set an arbitrary timeframe. Hopefully this experience changes culture and the major exchanges cross checking code will become the norm.

+1 for micryon
and let's hope for exchanges to be reasonable and following the lead of devs. I think...if it's for security they should wait for it

@hypersire
maybe you're right...but you really want to risk everything done so far? why don't vet this patch before anything else? I think if you can demonstrate that AsiaCoin is now "perfect" you will really open the doors of this coin to anyone (how many investors are still suspicious about this coin? look at cassius69 for example)...and I think everyone will come, to partecipate in something so unique.
...and maybe it won't take a week to vet it. I think "a week" was a way, for micryon, to say "anytime we need to vet it" 

I don't think waiting a week is a good idea. This coin is still fresh in people's minds and it was doing great with gigantic trading volumes and tons of hash power. Ok, so the dev cheated and added a hidden premine. Once the premine block is removed, everything can continue on as before. The sooner the better.

Also, I believe someone did a source to source comparison between Asiacoin and another cryptocoin and it's really just a couple of minor edits the "dev" made to insert the hidden premine. So after these lines are removed and the source recompiled, what's left to test? There are thousands of instances of the current wallet running right now without issue.

Anyway, just my opinion - I think we should get the patched wallets out ASAP and get trading going again. A multipool to stabilize price is also a necessity. The longer we wait, the thicker the FUD and bullshit from the trolls gets and it just makes things worse than they already are.

Everyone is asking when? when? when?
Be patient and do not distract people!

Is there any way to make sure that no exchange can reopen to early? If it is voluntary, i don't think that they'll wait one week...

take all the time thats required you and the others are doing a brilliant job.

No exact time has been chosen yet, we're in build+test phase right now.  But I believe it will be soon...


However, I am going to recommend to exchanges to wait maybe a week, to reopen.  So that the patch can be properly vetted.  I think it's best not to rush things right now, and instead err on the side of caution.

Perhaps more conservative.. but we've got to stop shooting from the hip here.  I did this with my spare time, and I'm no uber developer either.  So please let's take some time to stress test this patch, this time.

from the first Page:
Bter.com
Cryptsy
Mintpal
(all threehave confirmedthatoncewe resolve the issue, AC will be relisted)


Coin relaunch will be tomorrow night or the morning after that.. I read that they  testing security right now .. done when its done i think

What time is the deployment tomorrow?

Are crypsty / mintpal reopend the transactions for AC?

A coin is what we as a community decide it is. You cannot simply put a stamp "scam coin" on it because the dev was greedy. We patch and rebuild, AC is a coin that easily could be among the biggest. The market for it is huge. Name is important and Asia Coin GOT IT!
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+1. sorry, miscommunication

Go and suck on ur mamas tiities - I think i reached your  and other trolls level there..

A coin is what we as a community decide it is. You cannot simply put a stamp "scam coin" on it because the dev was greedy. We patch and rebuild, AC is a coin that easily could be among the biggest. The market for it is huge. Name is important and Asia Coin GOT IT!

So, by your logic you will burn down the whole country for Hitler's wrongdoing just like you suggested to burn down the coin for the wrongdoing of first scam developer 

fuck ya. a revolution. lets start with burning down this scamcoin and beheading the leaders. then lets riot throughout the subforum.  

u guys can quit pretending ur building a community. its more like bagholders anonymous - a support group for losers.  

lol this is like a miracle, like Jesus revived, something like that..

is code fixed and big wallet gone?

https://www.facebook.com/asiacoin

Start a revolution. Spread the word. Like our page.

This hasn't successfully been done before and it looks like that is exactly whats happening! AC to the moon! AC REVIVAL!!!

My 2 cents here is that there's really no logical reason for there to be total loss for AC..

If you consider intrinsic value: last night when i looked at the logs there were over 7000 connected IP Peers to my client.. That means we have possibly a lot more users than that.

If I were a company that's interested in buying.. let's say all the coins to get me 7000 users (even if they don't pay anything).  That's worth something... And we have at *least* that amount of users.. I would guess our total user count is 4x that.  

If you use that calculation .. of let's say $4 per user (this is what mobile ad company pays for an app install).. then the total intrinsic value is 112k for all these users.  If let's say you use higher end of the spectrum.. something like Facebook's acquisition of Whatsapp at $60 per user.. then the actual intrinsic value of the users and the network is 1.6m.  I'm not saying that we're a fast growing network/business like Whatsapp.. certainly not worth $60 / user.. but the existing AC network is worth something..

Now the entire capitalization of AC was at one point, was I think $400k.  That considers the 170m AC that was diluted in the market (premine was never sold) @ I think 1500 sats.. So aside from all the other BS.. the intrinsic value of the network (not including speculation inflation) is somewhere between 112k - 1.6m..

Of course, it's far more complex than that calculation and there's a lot more factors here in terms of how to monetize the network (not clear yet).  And long term competitive pressures from other coins.. Lots of doubts on long term sustainability (as with all cryptos). But .. hey at some level you would think a network of users is worth something...

Anyways , I'm just making an academic point that total loss of value is not logical.  I don't and can't predict where the value will end up.. But it just makes no sense that everyone should be left with nothing..

I'm one of the people who's trying to helping with a few btc donations without helding any AC.
altcoinherald, I'm trying but I really don't see your point...I'm italian and I remember the Parmalat Crack (a company with products about milk...)...Did Italy need their milk? surely not...did the world need it? these are question you can ask just because you have the "gift" of language...but they have no a real meaning; a concept or a concrete idea behind.
You don't ask if I needed milk when there was that crack don't you? You just understand that was a really big company and lots of investors had great and huge loss...so lots of people tried to help to make things go better. That's it.

That's exactly what's happening here. We're just helping the revival of a coin because people had a huge loss and it will be up to the community and devs if the future of this coin will be being a scam-coin or a coin who can create an interest in the world...like Bitcoin does..litecoin..dogecoin or whatever.
But it's not because its named after Asia that its destiny is to become a scam...what I'm trying to say it's you cannot base your theory on this idea...You surely can think it's a scam; but not because it's called AsiaCoin...or because there are people who got scammed...or because you simply don't trust devs.

That's another problem with you and people asking questions like "how can you possibly know old dev didn't already sell all his coins": I think...with me...maybe there are 10 or 15 persons who actually read all 250+ pages of the old 3d and 25+ of this one.
If you do it (and I hope you did because that's the base of writing an article...being really informed about what happened isn't it?) I think even you could have a little faith in this coin.

And for all of you, AC community, I repeat my suggestion:
Keep in your mind the work it has been doing here...revive this coin and then go to help others who were in your same condition. Even with the name "AsiaCoin" this coin can become (like people suggested before) a CommunityCoin. Maybe, this could be the new "goal" of this coin yeah? a coin to help other scammed community.
Somehow...similar to what savethemhood does through dogecoin community

+1 well said mate.

I MADE A POLL FOR ALL ASIACOIN OWNERS - PLEASE VOTE https://bitcointalksearch.org/topic/asiacoin-poll-lets-see-how-many-asians-trade-asiacoin-598211