[AC] AsiaCoin | Pure PoS | 100% Interest - page 189.

Maestro1

full member

Activity: 210

Merit: 100

Quote from: slavo on May 04, 2014, 09:14:50 PM

Quote from: Maestro1 on May 04, 2014, 09:09:25 PM

Quote from: ryanb on May 04, 2014, 09:08:13 PM

i didn't mine any of AC but i bought all my coins and i have around 600k AC will i lose any of my coins if they were from the premined?

or the new code will only kill the premined coins in the dev's wallet?

No you won't lose them, and yes, it will only kill the premined coins in the dev's wallet.

you should delete the scam description on twitter. Start fresh, and this scam is not your fault. just saying Grin

Official Fork sounds better to me.

I edited and removed the "scam" word. Please retweet and spread the word, especially if you have a lot of followers which helps a lot. I know there are a lot of AC investors who don't even know about this thread.

micryon

full member

Activity: 154

Merit: 100

Quote from: Deathtoallptots on May 04, 2014, 09:03:29 PM

I'm sorry, but I think you're forgetting something

the first 1000 blocks only contain 100 coins per block

Looking back at the old forum post it was a total of 141,195,037 AC

Ahh, you're right.. anyways would be great for someone to calculate the POS % that would have to be adjusted to hit the original goals.

ac2

newbie

Activity: 50

Merit: 0

We should leave the staking at 100% the first year.

There are for and against arguments, the negatives of inflation.

The main positive is this is actually the eye candy that probably got all of us interested. It's what is different about this coin.

Can i actually make 100% on my investment guaranteed??
Well yes, yes you can.

Don't touch this. Leave every spec exactly the same, except the adjustment for the shit code.

slavo

hero member

Activity: 784

Merit: 500

Quote from: Maestro1 on May 04, 2014, 09:09:25 PM

Quote from: ryanb on May 04, 2014, 09:08:13 PM

i didn't mine any of AC but i bought all my coins and i have around 600k AC will i lose any of my coins if they were from the premined?

or the new code will only kill the premined coins in the dev's wallet?

No you won't lose them, and yes, it will only kill the premined coins in the dev's wallet.

you should delete the scam description on twitter. Start fresh, and this scam is not your fault. just saying Grin

Official Fork sounds better to me.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

I have hosting so we could put up a website for this but we need a domain name.. Any suggestions? I am not very good at designing, but I am sure we could come together as a community and customize a cloned version of a legit cryptocoin site like blackcoin. I think that would be quite fitting to say the least seeing that we are essentially cloning this coin to fix it.

Anyone who wants to get together with me about this website and the hosting, lets brainstorm as a community. PM ME I am serious about this and I know I can have a site up by tomorrow if we agree on what we want the site to look like and have the basic source code for a template to customize. If we have a site, I can upload that in less than 45 minutes, just need some help from you guys so pm me with designs and shizzit

Maestro1

full member

Activity: 210

Merit: 100

Quote from: ryanb on May 04, 2014, 09:08:13 PM

i didn't mine any of AC but i bought all my coins and i have around 600k AC will i lose any of my coins if they were from the premined?

or the new code will only kill the premined coins in the dev's wallet?

No you won't lose them, and yes, it will only kill the premined coins in the dev's wallet.

ryanb

legendary

Activity: 1148

Merit: 1000

i didn't mine any of AC but i bought all my coins and i have around 600k AC will i lose any of my coins if they were from the premined?

or the new code will only kill the premined coins in the dev's wallet?

Deathtoallptots

newbie

Activity: 14

Merit: 0

Quote from: micryon on May 04, 2014, 08:59:01 PM

Quote from: Deathtoallptots on May 04, 2014, 08:54:07 PM

If I remember correctly (correct me if I'm mistaken) when the 20106 blocked was mined there was only 141million coins ? So with the premine wouldn't that make it 171mil?

Hmm but 20106/2 * 10000 + 20106/2 * 5000 = 150795000 .. guess it would be 180m or so.

[/quote]

I'm sorry, but I think you're forgetting something

the first 1000 blocks only contain 100 coins per block

Looking back at the old forum post it was a total of 141,195,037 AC

Maestro1

full member

Activity: 210

Merit: 100

Announcement:

Now we believe it's time to give out a timeframe. The fix will be released within the next 72 hours.

Dear community, we need unity and support at this time. Please spread the word, follow our Twitter, and retweet our tweets to get the word out. Please read the second post as we need volunteers for website and marketing.

slavo

hero member

Activity: 784

Merit: 500

Quote from: Deathtoallptots on May 04, 2014, 08:44:12 PM

I don't think the interest rate should be changed either, but I can't get everything I want and if they change it I'll just be happy they resurrected the coin

Long Live AsiaCoin

I think you don't have to change anything except fixing the premine as people have bought asia reading specs; and specs said AC = 100% first year.

micryon

full member

Activity: 154

Merit: 100

Quote from: Deathtoallptots on May 04, 2014, 08:54:07 PM

If I remember correctly (correct me if I'm mistaken) when the 20106 blocked was mined there was only 141million coins ? So with the premine wouldn't that make it 171mil?
[/quote]

Hmm but 20106/2 * 10000 + 20106/2 * 5000 = 150795000 .. guess it would be 180m or so.

Robert Lewandowski

sr. member

Activity: 420

Merit: 250

Bayern

No more of this trash please. There is enough coins

CapSER2.0

member

Activity: 112

Merit: 10

And what good is have twice coins after a year?
If lower the price to perhaps a quarter?
You end up losing!

Deathtoallptots

newbie

Activity: 14

Merit: 0

Quote from: micryon on May 04, 2014, 08:44:00 PM

Quote from: tokyoghetto on May 04, 2014, 08:38:53 PM

Quote from: micryon on May 04, 2014, 08:33:41 PM

Quote from: CapSER2.0 on May 04, 2014, 08:32:24 PM

What I never liked of AC is that has a very high interest rate in the first year, And this will bring down its price in the medium and long term! With 5 % is OK!

If you can change that too much better!

Already there are enough coins over with hidden premine sold!

yes POS rewards *will* be adjusted via patch , and hard fork..

shouldn't the PoS mining rewards remain intact. 100% interest first year is one of the few reasons why i bought AC.

It is going to have to change to account for the extra 30M premine that was already distributed.. basically instead of starting at 160m -> 320m to end of the year with 160m paid out through staking. we must take a dilution of the 30m.. so that it goes from 190m->320m within the year.

If I remember correctly (correct me if I'm mistaken) when the 20106 blocked was mined there was only 141million coins ? So with the premine wouldn't that make it 171mil?

Maestro1

full member

Activity: 210

Merit: 100

Quote from: Deathtoallptots on May 04, 2014, 08:44:12 PM

I don't think the interest rate should be changed either, but I can't get everything I want and if they change it I'll just be happy they resurrected the coin

Long Live AsiaCoin

It will only be changed to take account of the extra 30 mil dumped coins. Otherwise it will remain the same.

Deathtoallptots

newbie

Activity: 14

Merit: 0

I don't think the interest rate should be changed either, but I can't get everything I want and if they change it I'll just be happy they resurrected the coin

Long Live AsiaCoin

micryon

full member

Activity: 154

Merit: 100

Quote from: tokyoghetto on May 04, 2014, 08:38:53 PM

Quote from: micryon on May 04, 2014, 08:33:41 PM

Quote from: CapSER2.0 on May 04, 2014, 08:32:24 PM

What I never liked of AC is that has a very high interest rate in the first year, And this will bring down its price in the medium and long term! With 5 % is OK!

If you can change that too much better!

Already there are enough coins over with hidden premine sold!

yes POS rewards *will* be adjusted via patch , and hard fork..

shouldn't the PoS mining rewards remain intact. 100% interest first year is one of the few reasons why i bought AC.

It is going to have to change to account for the extra 30M premine that was already distributed.. basically instead of starting at 160m -> 320m to end of the year with 160m paid out through staking. we must take a dilution of the 30m.. so that it goes from 190m->320m within the year.

sonysasankan

sr. member

Activity: 280

Merit: 250

Link to the logo files uploaded here:

https://mega.co.nz/#!sBUVGZDQ!ChIEoPnjp6NCzEZDkyLWJTRTmJM2xokQgGAeLUKuW5c

Maestro1

full member

Activity: 210

Merit: 100

Quote from: fonzerrellie on May 04, 2014, 08:29:18 PM

right on people, If you can make the premine disappear your going to make a bunch of people very happy. thanks for the hard work.

so the wallets have sound coding? and are safe? or will there be a client update?

There will be a client update which will have the *bad* codes removed from them.

johnny_non

sr. member

Activity: 252

Merit: 250

don't change the interest rate

Topic: [AC] AsiaCoin | Pure PoS | 100% Interest - page 189. (Read 264588 times)