[AC] AsiaCoin | Pure PoS | 100% Interest - page 176.

CryptoSteam

full member

Activity: 126

Merit: 100

Quote from: micryon on May 05, 2014, 09:56:17 PM

Quote from: CryptoSteam on May 05, 2014, 09:50:22 PM

keep it at 2% every year forever to keep the blockchain secure.

Forever is the problem.. max coins is a hardcoded value you can't just keep adding 2% every year.. and even without the hardcode protections, it will overflow int64 - 12bits (from static decimals).

There will be a limit..

For exmaple even though Blackcoin says it's 1% inflation "forever", but in their code, the real max coin is 2 billion hardcoded.. it's 75m in circulation right now.. so at 1% it'll take awhile to get there.... like around 400 years.

Anyways max money will have to be adjusted to some amount to account for it...

Understood. Thank you for the clarification. I trust you to do the best job for it. Set the limit if you have to.

Community, what do you think. Let us know!

fonzerrellie

legendary

Activity: 1190

Merit: 1000

Kaspa

website looks great btw

micryon

full member

Activity: 154

Merit: 100

Quote from: CryptoSteam on May 05, 2014, 09:50:22 PM

keep it at 2% every year forever to keep the blockchain secure.

Forever is the problem.. max coins is a hardcoded value you can't just keep adding 2% every year.. and even without the hardcode protections, it will overflow int64 - 12bits (from static decimals).

There will be a limit..

For exmaple even though Blackcoin says it's 1% inflation "forever", but in their code, the real max coin is 2 billion hardcoded.. it's 75m in circulation right now.. so at 1% it'll take awhile to get there.... like around 400 years.

Anyways max money will have to be adjusted to some amount to account for it...

CryptoSteam

full member

Activity: 126

Merit: 100

Quote from: micryon on May 05, 2014, 09:43:07 PM

We might need to change it though, otherwise our money supply will be over the original specs...

Can someone run the calculations? What do we need to set as the rate if we want to hit 300m in 1 year?, and then 360m in 10 years?

Consider we could also do 100% for the first 6 months and 80% for the 2nd half.. or something of that nature

I do want to put in that code tonight.. even just as a placeholder..

The other thing to consider is .. does the original spec even make sense. If there's no rewards after 10 years.. why would you stake.. just for transaction costs? Maybe that's a good thing though.. if we're wanting a static currency in 10 years...

Anyways, discuss..

This is just my opinion but I would get the numbers as close as possible to get it staking to the 300 million coins in the first year, then I think it would be best to keep it at 2% every year forever to keep the blockchain secure. (Another thought, I like 1% better so we can have less coins than WC)

shanshan5858

member

Activity: 71

Merit: 10

Why is canceled to Mintpal？

micryon

full member

Activity: 154

Merit: 100

Quote from: ?? on ??

I have a question about the Revival.
If the original anthor have transfered to pre-mined ACs to different wallet or exchange platform, can we still avoid them?

yes.. he's already transferred it like 8 times. we'll block it from a certain block (currently that block height is 18015 where was the last time it moved)

micryon

full member

Activity: 154

Merit: 100

We might need to change it though, otherwise our money supply will be over the original specs...

Can someone run the calculations? What do we need to set as the rate if we want to hit 300m in 1 year?, and then 360m in 10 years?

Consider we could also do 100% for the first 6 months and 80% for the 2nd half.. or something of that nature

I do want to put in that code tonight.. even just as a placeholder..

The other thing to consider is .. does the original spec even make sense. If there's no rewards after 10 years.. why would you stake.. just for transaction costs? Maybe that's a good thing though.. if we're wanting a static currency in 10 years...

Anyways, discuss..

fonzerrellie

legendary

Activity: 1190

Merit: 1000

Kaspa

Quote from: LegendaryAnvil on May 05, 2014, 09:34:30 PM

Quote from: slavo on May 05, 2014, 09:33:19 PM

i saw that you want to change the pos rate; i think it's bad because people are buying on specs; fixing the blockchain is ok but changing conditions after all that shit; i think it's a bad idea.

let's +1 if you agree that will be easier to count Tongue

good luck dev team

cheers

+1 keep it the same 100%

+1

cbutters

sr. member

Activity: 294

Merit: 250

Quote from: slavo on May 05, 2014, 09:33:19 PM

i saw that you want to change the pos rate; i think it's bad because people are buying on specs; fixing the blockchain is ok but changing conditions after all that shit; i think it's a bad idea.

let's +1 if you agree that will be easier to count Tongue

good luck dev team

cheers

+1
changing the specs isn't what this coin is about.

Maestro1

full member

Activity: 210

Merit: 100

Quote from: slavo on May 05, 2014, 09:33:19 PM

i saw that you want to change the pos rate; i think it's bad because people are buying on specs; fixing the blockchain is ok but changing conditions after all that shit; i think it's a bad idea.

let's +1 if you agree that will be easier to count Tongue

good luck dev team

cheers

We don't want to change anything, some people suggested a change in PoS rate, so we put it up for debate and asked people to share their opinions

LegendaryAnvil

newbie

Activity: 42

Merit: 0

Quote from: slavo on May 05, 2014, 09:33:19 PM

i saw that you want to change the pos rate; i think it's bad because people are buying on specs; fixing the blockchain is ok but changing conditions after all that shit; i think it's a bad idea.

let's +1 if you agree that will be easier to count Tongue

good luck dev team

cheers

+1 keep it the same 100%

slavo

hero member

Activity: 784

Merit: 500

i saw that you want to change the pos rate; i think it's bad because people are buying on specs; fixing the blockchain is ok but changing conditions after all that shit; i think it's a bad idea.

let's +1 if you agree that will be easier to count Tongue

good luck dev team

cheers

choppy123

sr. member

Activity: 383

Merit: 250

Quote from: cbutters on May 05, 2014, 09:00:45 PM

Quote from: choppy123 on May 05, 2014, 08:37:02 PM

Hi guys, is there any evidence that the old wallet contains keyloggers or malware to steal other coins from other wallets? I can't get a straight answer on this. Any help would be appreciated.

thanks

I can't say if it does or not, my guess is that it doesn't... the original dev was probably trying to make it as clean as possible other than his original scam of the hidden pre-mine. He probably wouldn't risk a keylogger on the software for fear it might be discovered before his premine was.

That is all pure speculation on my part though. anybody ran a wireshark on the asiacoin program to see if it tries to connect to anything besides the asiacoin network?

ya i agree, his scam worked perfectly and a keylogger and/or other virus/malware add-on would've been caught early as you say. As a result, he wouldn't of been able to steal as much $$$

choppy123

sr. member

Activity: 383

Merit: 250

Quote from: CryptoSteam on May 05, 2014, 09:03:42 PM

I've left my original AsiaCoin wallet running since it was launched over two weeks ago and I also have other wallets running as well. It's fine.

thanks cryptosteam....i believe it's fine too...ive done full scans for both malwarebytes and microsoft security essentials and all is clear

choppy123

sr. member

Activity: 383

Merit: 250

Quote from: Maestro1 on May 05, 2014, 08:57:52 PM

Quote from: choppy123 on May 05, 2014, 08:37:02 PM

Hi guys, is there any evidence that the old wallet contains keyloggers or malware to steal other coins from other wallets? I can't get a straight answer on this. Any help would be appreciated.

thanks

I don't think there's any evidence that the old wallet specifically contained anything that could steal other coins (and never seen any report of it), but a couple of people found some questionable things in memory when the wallet was running.

Quote from: crackfoo on May 05, 2014, 08:50:39 PM

This will still continue our PoS?

Yes.

Thanks Maestro, that's what I thought....i won't be opening the old shatbox of a wallet ever again (it's been about a week since ive opened it). Looking forward to the relaunch. I only hold 7,500 AC (not that significant) but I'm 110% percent behind the relaunch...I'm sick and tired of these low life scammers....Karma is not something that you want to fuk with and unfortunately the dirt bag dev has fuked with it.... sucks to be him/her. I'm glad to be part of this historic relaunch...I would like to personally thank the old dev for proving to me that this community is one that I want to be part of. The future for AC2 is bright...looking forward to it Grin

CryptoSteam

full member

Activity: 126

Merit: 100

I've left my original AsiaCoin wallet running since it was launched over two weeks ago and I also have other wallets running as well. It's fine.

cbutters

sr. member

Activity: 294

Merit: 250

Quote from: choppy123 on May 05, 2014, 08:37:02 PM

Hi guys, is there any evidence that the old wallet contains keyloggers or malware to steal other coins from other wallets? I can't get a straight answer on this. Any help would be appreciated.

thanks

I can't say if it does or not, my guess is that it doesn't... the original dev was probably trying to make it as clean as possible other than his original scam of the hidden pre-mine. He probably wouldn't risk a keylogger on the software for fear it might be discovered before his premine was.

That is all pure speculation on my part though. anybody ran a wireshark on the asiacoin program to see if it tries to connect to anything besides the asiacoin network?

Maestro1

full member

Activity: 210

Merit: 100

Quote from: choppy123 on May 05, 2014, 08:37:02 PM

Hi guys, is there any evidence that the old wallet contains keyloggers or malware to steal other coins from other wallets? I can't get a straight answer on this. Any help would be appreciated.

thanks

I don't think there's any evidence that the old wallet specifically contained anything that could steal other coins (and never seen any report of it), but a couple of people found some questionable things in memory when the wallet was running.

Quote from: crackfoo on May 05, 2014, 08:50:39 PM

This will still continue our PoS?

Yes.

johntseng

member

Activity: 84

Merit: 10