[AC] AsiaCoin | Pure PoS | 100% Interest - page 174.

amit2007gunjan

sr. member

Activity: 378

Merit: 250

Quote from: micryon on May 06, 2014, 01:20:35 AM

Quote from: mgibson38 on May 06, 2014, 01:15:30 AM

I certainly never would trust this coin again. That being said, I hope you can revive it just so those people who lost their AC can get back what they lost. Good luck.

I think it would be faulty logic to not trust the coin again from this incident.. the key is how much do you trust the devs that are fixing the code..

Let's face it.. you trusted a guy with 0 posts on bitcoin forums.. but now you have a guy with posts and Trust ratings fixing the coin.. So.. not sure why your trust level would be lower.. if anything it should be higher..

I know , I know.. doesn't work like that.. but if everyone was more logical and less emotional..

+1. We want Ac to succeed in the long run and for this we will have to show full faith in new Devs ( Ac Community)

micryon

full member

Activity: 154

Merit: 100

Hey guys, i also decided to just revert out all the bad code that was hiding premine.. so code is way cleaner now. And fixed the RPC function to return the real money supply MINUS the banned premine.. if anyone is interested on what that real money supply number will be, here it is:

effectively 171,588,826 coins

Maxikosw

full member

Activity: 151

Merit: 100

Quote from: micryon on May 06, 2014, 01:20:35 AM

Quote from: mgibson38 on May 06, 2014, 01:15:30 AM

I certainly never would trust this coin again. That being said, I hope you can revive it just so those people who lost their AC can get back what they lost. Good luck.

I think it would be faulty logic to not trust the coin again from this incident.. the key is how much do you trust the devs that are fixing the code..

Let's face it.. you trusted a guy with 0 posts on bitcoin forums.. but now you have a guy with posts and Trust ratings fixing the coin.. So.. not sure why your trust level would be lower.. if anything it should be higher..

I know , I know.. doesn't work like that.. but if everyone was more logical and less emotional..

I would name my first children after this man!!!

CryptoSteam

full member

Activity: 126

Merit: 100

Quote from: micryon on May 06, 2014, 01:20:35 AM

Quote from: mgibson38 on May 06, 2014, 01:15:30 AM

I certainly never would trust this coin again. That being said, I hope you can revive it just so those people who lost their AC can get back what they lost. Good luck.

I think it would be faulty logic to not trust the coin again from this incident.. the key is how much do you trust the devs that are fixing the code..

Let's face it.. you trusted a guy with 0 posts on bitcoin forums.. but now you have a guy with posts and Trust ratings fixing the coin.. So.. not sure why your trust level would be lower.. if anything it should be higher..

I know , I know.. doesn't work like that.. but if everyone was more logical and less emotional..

+1.

micryon

full member

Activity: 154

Merit: 100

Quote from: mgibson38 on May 06, 2014, 01:15:30 AM

I certainly never would trust this coin again. That being said, I hope you can revive it just so those people who lost their AC can get back what they lost. Good luck.

I think it would be faulty logic to not trust the coin again from this incident.. the key is how much do you trust the devs that are fixing the code..

Let's face it.. you trusted a guy with 0 posts on bitcoin forums.. but now you have a guy with posts and Trust ratings fixing the coin.. So.. not sure why your trust level would be lower.. if anything it should be higher..

I know , I know.. doesn't work like that.. but if everyone was more logical and less emotional..

mgibson38

member

Activity: 99

Merit: 10

I certainly never would trust this coin again. That being said, I hope you can revive it just so those people who lost their AC can get back what they lost. Good luck.

Collegestudent

hero member

Activity: 518

Merit: 500

The blockchain is the future

If anyone wants the total coins to be the original 320 Million after 1 yr, then change the interest to 68% otherwise change it to 5%. However it is adviseable to make the interest 70% because this is what enticed most of the original investors and i feel 70% will help keep us holding because its better than Warren Buffett returns which is 25%.

CryptoSteam

full member

Activity: 126

Merit: 100

Quote from: ORiN on May 06, 2014, 01:01:15 AM

Quote from: micryon on May 06, 2014, 12:48:36 AM

Quote from: ORiN on May 06, 2014, 12:45:09 AM

I am with both CryptoSteam and micryon for this proposal. We do need more exact timeframes.

"Time" is a bit relative with cryptos.. it goes by blocks

So right now it's calculated as 50 days * approx 1440 blocks/day = at block 72000, from the start of the coin. (so roughly 30 days from now). Current block is at 26000ish

Anyways patch is right here: https://github.com/micryon/AsiaCoinFix/commit/0e921409e104e95175646e764045fdb526170ba5

Btw holy crap that's a much nicer website guys: http://thecoin.asia/ very '14 web chic style..

Thanks for the compliment! Glad that you like what Whatzhub and I put together. Whatzhub did most of the hard work though.

Sounds good with the plan for change of PoS %. I am definitely agreeable. We just need to decide on the actual numbers to go into the code.

We as a community appreciate very much what you and others are putting in the effort.

mrbenjie

sr. member

Activity: 364

Merit: 301

Quote from: CryptoSteam on May 06, 2014, 12:59:34 AM

Quote from: mrbenjie on May 06, 2014, 12:55:17 AM

Quote from: CryptoSteam on May 04, 2014, 09:39:28 PM

Just updated the list at CryptoSteam.com

Thank you for continuing to work on this!

Put me on the list.

have around 400000 asiacoins on c-cex.
can i transfer it to the wallet or do i have to wait.

Thanks

Done. In the meanwhile, the new site is awesome @ http://thecoin.asia/

thanks!

website looks great!!

ORiN

sr. member

Activity: 532

Merit: 250

Quote from: micryon on May 06, 2014, 12:48:36 AM

Quote from: ORiN on May 06, 2014, 12:45:09 AM

I am with both CryptoSteam and micryon for this proposal. We do need more exact timeframes.

"Time" is a bit relative with cryptos.. it goes by blocks

So right now it's calculated as 50 days * approx 1440 blocks/day = at block 72000, from the start of the coin. (so roughly 30 days from now). Current block is at 26000ish

Anyways patch is right here: https://github.com/micryon/AsiaCoinFix/commit/0e921409e104e95175646e764045fdb526170ba5

Btw holy crap that's a much nicer website guys: http://thecoin.asia/ very '14 web chic style..

Thanks for the compliment! Glad that you like what Whatzhub and I put together. Whatzhub did most of the hard work though.

Sounds good with the plan for change of PoS %. I am definitely agreeable. We just need to decide on the actual numbers to go into the code.

CryptoSteam

full member

Activity: 126

Merit: 100

Quote from: mrbenjie on May 06, 2014, 12:55:17 AM

Quote from: CryptoSteam on May 04, 2014, 09:39:28 PM

Just updated the list at CryptoSteam.com

Thank you for continuing to work on this!

Put me on the list.

have around 400000 asiacoins on c-cex.
can i transfer it to the wallet or do i have to wait.

Thanks

Done. In the meanwhile, the new site is awesome @ http://thecoin.asia/

mrbenjie

sr. member

Activity: 364

Merit: 301

Quote from: CryptoSteam on May 04, 2014, 09:39:28 PM

Just updated the list at CryptoSteam.com

Thank you for continuing to work on this!

Put me on the list.

have around 400000 asiacoins on c-cex.
can i transfer it to the wallet or do i have to wait.

Thanks

CryptoSteam

full member

Activity: 126

Merit: 100

Quote from: coinking on May 06, 2014, 12:35:12 AM

I've been monitoring what's been going on here and as someone who has invested hundreds I would like to say I'm happy and excited with the way this have been panning out over the last couple days. I'm holding for now in hopes that someday my thousands of coins will be worth something. Thanks to everyone who is putting work into reviving this currency!

Added you to the list. Thank you for supporting this community.

micryon

full member

Activity: 154

Merit: 100

Quote from: ORiN on May 06, 2014, 12:45:09 AM

I am with both CryptoSteam and micryon for this proposal. We do need more exact timeframes.

"Time" is a bit relative with cryptos.. it goes by blocks

So right now it's calculated as 50 days * approx 1440 blocks/day = at block 72000, from the start of the coin. (so roughly 30 days from now). Current block is at 26000ish

Anyways patch is right here: https://github.com/micryon/AsiaCoinFix/commit/0e921409e104e95175646e764045fdb526170ba5

Btw holy crap that's a much nicer website guys: http://thecoin.asia/ very '14 web chic style..

ORiN

sr. member

Activity: 532

Merit: 250

Quote from: CryptoSteam on May 06, 2014, 12:39:28 AM

Quote from: micryon on May 06, 2014, 12:20:55 AM

Huh.. well it looks like the original dev didn't really think ahead past 10 years... The original code burned Tx Fees AND ends subsidy in 10 years..

So this was destined to need a fork in 10 years, regardless...

Okay so here's my proposal.

It will be 100% for the next month. After that it will go to 70% for the remainder of the year. After that it will be 2% ad infinitum (at least the same length as blackcoin/ppcoin)

I second this notion.

I am with both CryptoSteam and micryon for this proposal. We do need more exact timeframes.

johntseng

member

Activity: 84

Merit: 10

Quote from: micryon on May 06, 2014, 12:38:10 AM

Quote from: johntseng on May 06, 2014, 12:35:06 AM

Do you mean the first month AFTER relaunch is 100% then next 11 months are 70%?
Or June will be 100% and July to December will be 70%?

So proposal will be 1 month after the patch.. (guys start using the term patch.. not relaunch

)

So Starting June-next May will be 70%. Now till June will be 100%

ok, i got it, should call it patch now Cheesy

So, in this case, it will be:
assume current amount is 171,000,000 coins
after first month = 185,250,000.00000000
after first year = 304,118,750.00000000
after 9th year = 356,323,586.37618300
after 10th year = 363,450,058.10370600

CryptoSteam

full member

Activity: 126

Merit: 100

Quote from: micryon on May 06, 2014, 12:38:10 AM

Quote from: johntseng on May 06, 2014, 12:35:06 AM

Do you mean the first month AFTER relaunch is 100% then next 11 months are 70%?
Or June will be 100% and July to December will be 70%?

So proposal will be 1 month after the patch.. (guys start using the term patch.. not relaunch

)

So Starting June-next May will be 70%. Now till June will be 100%

I'm in full support.

tristartek

full member

Activity: 140

Merit: 100

Quote from: Collegestudent on May 05, 2014, 10:51:06 AM

Guys havent recieved an email from mintpal yet, but good news is i got Mogonzo on board. The guy who helped stablise WC. And now WC is fucking awesome. He should be coming here shortly.

He was just a puppet for a much larger group Wink

Be careful.

CryptoSteam

full member

Activity: 126

Merit: 100

Quote from: micryon on May 06, 2014, 12:20:55 AM

Huh.. well it looks like the original dev didn't really think ahead past 10 years... The original code burned Tx Fees AND ends subsidy in 10 years..

So this was destined to need a fork in 10 years, regardless...

Okay so here's my proposal.

It will be 100% for the next month. After that it will go to 70% for the remainder of the year. After that it will be 2% ad infinitum (at least the same length as blackcoin/ppcoin)

I second this notion.

micryon

full member

Activity: 154

Merit: 100

Quote from: johntseng on May 06, 2014, 12:35:06 AM

Do you mean the first month AFTER relaunch is 100% then next 11 months are 70%?
Or June will be 100% and July to December will be 70%?

So proposal will be 1 month after the patch.. (guys start using the term patch.. not relaunch

)

So Starting June-next May will be 70%. Now till June will be 100%

Topic: [AC] AsiaCoin | Pure PoS | 100% Interest - page 174. (Read 264588 times)