Topic: [AC] AsiaCoin | Pure PoS | 100% Interest - page 22. (Read 264518 times)

Where we going brothers? This half mill wallet running nonstop... How can I help?

Bter has resumed operations with the promise to compensate everyone's BTC, and you can now withdraw your AC. I recommend trading on Cryptsy for the time being, at least until we're confident that everything on Bter is OK.

Nice idea... What do you think people?

I think you should make a giveaway or something to promote this coin. It can't be on a 10th page

Thanks for the explanation

Protocol should always be 60006 while version should be 2.0.1 or 2.0.0.

The protocol zero is what is reported by the wallet's getpeerinfo to the explorer.

I'm not 100% sure what it is, though it pops up occasionally on various wallets wallets.

My best guess so far is not that it is a sign of a hack, but either a connection problem by a peer, or a cloned wallet where the "magic bytes" were not changed to something unique, so the cloned wallets passes initial connection check which allows it to get listed in the peer list, then fails all the further checks.

Difficulty rise was caused by one of the largest stakeholders staking.

If you check the explorer, the high difficulty were caused by one of the top 5 wallets staking. A wallet on protocol 0 is likely using the same code base but with a different protocol version but it will be rejected by the rest of the network. Do correct me if this is wrong. I am not sure about you but at the moment, I am seeing only wallets on protocol 60006 under 'Network Clients seen in the last 24 hours'.

Speaking in hindsight is always easy because you are looking back on things that already happened. Given that, I am sure no one knew MintPal was going down.

Perhaps you have some suggestion on how to protect the blockchain?

agree

very good question

BTW - does (bad) experience with OMC suggests any clues - something could be done to secure AC blockchain? anything feasible?

Never trust the new altcoins stick to the old ones which have market and community.

i am for instance one of the guys who lost OMC on allcrypt due to a 51% attack.
now chasing the devs / allcrypt to get my investment back.

no fun if this happens.

often enough smaller alts kill themselves quickly or get kicked out from the exchanges if people finished dumping.

how safe is AC to prevent that ?

At any point you can find things like this for any coin, that doesn't mean there's an attack forthcoming. An attack starts and ends in minutes, there's no sign post days before an attack. Chill out man. All these things are pretty normal and are not indicative of any trouble.

unclear danger ? several items of fuzzy reasoning as for example:
1.major ''hacker'' attacks on exchanges happened last 2 to 3 months
   that means:
 -vultures (hackers) are circling above altcoins market
 -vultures have fresh capital to crash the markets or pay for hacker software
2.last weeks there were quite strong pumps on many altcoins
 -astonishingly such major moves soon after these major exchanges hacked and fresh capital came for ''hackers''
3.there was a thread on bitcointalk this year : someone boasted he has killed some small altcoin blockchain and he promised he would be ''serial killer of altcoins''.
Did not follow that thread ( due lack of time ) - what has happened later in that thread?
4.protocol number ''zero'' showing on AC explorer
 -possiblility that someone hacked this wallet?
5.as protocol ''2.0.1'' was professionally explained by Maestro1 , nobody ever explained what is ''zero'' protocol
 - actually - after some discussion on this page, protocols '2.0.1' disapperared from explorer today. accident or something ?
same for ,zero, protocol - today is not shown
one actually could start guessing if there is a correlation of ''zero'' and ''2.0.1'' protocols shown and higher difficulty on our blockchain ?
and if there is such an correlation - does it mean anything?
during last rise of difficulty till 3.01 - on the explorer it always was shown 5 to 7 wallets with ''2.0.1'' protocol and roughly two wallets with ,,zero,, protocol
6.if a hacker would like to kill a small coin blockchain- he would possibly hit smaller coin where is not enough attention
-as for AC : nobody notices as difficulty unexplainably rises from usual 0.09 ( as today ) till 3.01 ??
7.there always is theoretical possibility that promoters of major altcoins or even bitcoin would like to kill some altcoins from time to time.
do not know if AC could be perceived as threat by anyone from bigger coins now.
Actually this was a business Mintpal was in all the time : it was proverbial at that time : when some altcoin started trading on Mintpal it was soon to be killed
Mintpal - as some serious altcoin traders claimed - was generating up to 90% of turnover with army of bots - all with intention to kill most of coins and pump some chosen coins.

taking all this together - see some possible troubles?

Heads up for interested AC investors. Bter.com has re-opened trading. AC is selling much cheaper there compared to Cryptsy but do trade with care!

UPDATE: There don't seem to be any trading ongoing on the re-opened Bter.com platform.

Being open source, anyone can compile an AC wallet version themselves with a protocol number and version number that they want. As mentioned by Maestro1, the blockchain only accept stakes that follow the same rules as everyone else's. Any developer interested in AsiaCoin can tinker and compile the wallet. I don't find it illogical given that AsiaCoin's source code is freely available. At the moment, I am looking at a sub-1 difficulty.

I am not sure what is the 'unclear danger ahead' that you are implying.

I've already replied to that:

thanks for info

then - what would constitute an attack ?

when wrote this post about difficulty shooting up  to 3.0 considered this:
1.it was never seen this high before
2.lately: strange wallets from explorer : protocol number ''zero'' wallets and ''2.0.1'' wallets occurring and no word on these versions on this page
2.for what reason someone should build new AC wallet (to show wallet versions of ''zero'' and ''2.0.1'') and keep it secret?
3.most obvious explanation : some unclear danger ahead

At the moment, we don't have an Android developer who can work on the wallet anymore.

Higher difficulty doesn't mean AC network is under attack. You might want to take a chill pill.

Android wallet coming soon? How soon is your soon? I'm looking for a light wallet for AsiaCoin..