[ANN][AC]AsiaCoin - Relaunch

[silencesilence]

MintPal tell me they removed AC as soon as they were made aware of the hidden block. It's amazing how the price had to drop to the centre of the earth before anything was done. Sounds dodgey to me.

MintPal also claim they have no duty to audit the code associated with coins. Perhaps they should. Perhaps more should be expected from such places.

MintPal go on to claim there has never been any reason to mistrust AsiaCoin up until last night, although this thread does suggest otherwise. And this thread was the first thing that MintPal directed me to when I raised my issues.

Ladies and Gentlemen, I give you MintPal, the friendly exchange that are here to help. Help themselves to all your hard earned money. Fuck you MintPal. Fuck you cryptocurrency.

they received huge amounts of coin to add, they are one of the exchanges that tolerate only Pump and dump coins

Unseen know what volumes is too UP are there and exchange a few months, there is no year of its opening, this is the false market of all time

Many quality coins with very good developers are not added to it because they do not pay to Mintpal

they sold their coins took the money all through transactions, not by accident it exchange volume was the greatest ... I'm sure that the exchange is associated with the largest groups in the crypto black market and all new coins of this common market

RIP MINTPAL

[Collegestudent]

Hi there,

I've been offline for few days and I don't get what's happening rigth now.

Theasiacoin website is down, AC is no longer listed on mintpal or cryptsy.

I'm holding 75k AC in my wallet, am I save or what?
Where do I change bagholded AC for AC2 ?

Do I need to be added to the list too? What's that list about anyway?

Sorry for dumb questions, but if somebody give me a short answer, I'll really appreciate it.

Thanks

Its like a big FUD again on a different coin this time. Altho i assume we have to et more ppl to make it survive

[Ho]

Add me also ~5K on Cryptsy

[Beaucoupnice]

So it turns out a forensic look into the code of various other coins has revealed more damn scamming.

How can anyone trust cryptocurrency or exchanges like Mintpal again when the industry is rife with crooks.

See here: https://asktom.cf/index.php?topic=595056.0

Why on earth attacking mintpal? If you are buying, it s at your own risk. The code is open source. They don t have to check anything. They take responsability for their exchange that s all. But if you want to buy a coin, that s on you. They are not at fault here.


Stop looking for someone to take the blame. You are only to blame. You!

FFS, people don t take responsability anymore.
Next time, you buy a coin, put a bounty together and ask someone with good reputation to review the code. In fact, it is as necessary as escrows.

So you are saying MintPal have no duty whatsoever to review the legitimacy of their wares? Does a Sunday marketplace care if a kiddie porn seller sets up a stall? Does Ebay care if someone tries to sell Marijuana? Does a Car salesman care if his product crashes immediately after purchase and kills all occupants?  I think MintPal has a contractual connection between us and the AC dev and as the AC dev is conspicuous in their absence, a court of law would acknowledge that MintPal has a duty of care to ensure their customers are not getting swindled.

Might I remind you that AC hasn't just dropped in price. It has disappeared from existence.

MintPal are the contractual link. Their operations must be fair and reasonable. Letting AC drop as far as they did over such a long timespan strongly suggests criminal collaboration.

[Collegestudent]

I also called Summercoin dev, seeing his great coding skills fixing the summercoin POS

[Klarisskin]

IMPORTANT

So from the block explorer (thanks for that) it looks like the dev scammer cashed out 30,130,175.27 of the premine.  He did so slowly over the course of the 2 weeks, in 300-1m increments.. (to not crash the price).. smart..

With an average 1000 sat pricing, that's about 300 BTC.. ~130k USD for this scam in his pocket..

The good news:

It looks like though the rest of the premine is just sitting at address: 2gqkfhoGMLpuwfXsRrSekhBAKRwmRH8sjEg  as of block 18013

http://199.231.191.241:2750/tx/3688b23d8dfa7e770697497247dcd0c037f2869495fd0e44a532c9ab9f1b28e0#i0

This means.. it's may be still possible to salvage this coin.  Even if the coin takes the 30m dilution.. which is effectively 10% and then just block this address...  That dilution could even be recouped by just reducing the staking % over the year to something like 50%, so that the final output can still be 360m.  

There hasn't been that many coins introduced outside of the scam premine wallet address...

Anyways technically this makes it actually much easier to repair, even if you just take the dilution loss of 30m.

Excellent news and analysis! Hopefully, community will take over this coin and make a hardfork locking that address out. 30 million unauthorized dilution is not a big problem.

P.S.: 18K AC bagholder @ Mintpal.

[Xuorc]

IMPORTANT

So from the block explorer (thanks for that) it looks like the dev scammer cashed out 30,130,175.27 of the premine.  He did so slowly over the course of the 2 weeks, in 300-1m increments.. (to not crash the price).. smart..

With an average 1000 sat pricing, that's about 300 BTC.. ~130k USD for this scam in his pocket..

The good news:

It looks like though the rest of the premine is just sitting at address: 2gqkfhoGMLpuwfXsRrSekhBAKRwmRH8sjEg  as of block 18013

http://199.231.191.241:2750/tx/3688b23d8dfa7e770697497247dcd0c037f2869495fd0e44a532c9ab9f1b28e0#i0

This means.. it's may be still possible to salvage this coin.  Even if the coin takes the 30m dilution.. which is effectively 10% and then just block this address...  That dilution could even be recouped by just reducing the staking % over the year to something like 50%, so that the final output can still be 360m.  

There hasn't been that many coins introduced outside of the scam premine wallet address...

Anyways technically this makes it actually much easier to repair, even if you just take the dilution loss of 30m.

Morning all ... OK so this sounds a bit more positive.  Thank you micryon for your time and effort on this.  Do you sleep, you seem to be on here helping permanently, much appreciated 

[Xuorc]

Twitter page has gone ... https://twitter.com/AsiaCoinProject

[Collegestudent]

IMPORTANT

So from the block explorer (thanks for that) it looks like the dev scammer cashed out 30,130,175.27 of the premine.  He did so slowly over the course of the 2 weeks, in 300-1m increments.. (to not crash the price).. smart..

With an average 1000 sat pricing, that's about 300 BTC.. ~130k USD for this scam in his pocket..

The good news:

It looks like though the rest of the premine is just sitting at address: 2gqkfhoGMLpuwfXsRrSekhBAKRwmRH8sjEg  as of block 18013

http://199.231.191.241:2750/tx/3688b23d8dfa7e770697497247dcd0c037f2869495fd0e44a532c9ab9f1b28e0#i0

This means.. it's may be still possible to salvage this coin.  Even if the coin takes the 30m dilution.. which is effectively 10% and then just block this address...  That dilution could even be recouped by just reducing the staking % over the year to something like 50%, so that the final output can still be 360m.  

There hasn't been that many coins introduced outside of the scam premine wallet address...

Anyways technically this makes it actually much easier to repair, even if you just take the dilution loss of 30m.

Excellent news and analysis! Hopefully, community will take over this coin and make a hardfork locking that address out. 30 million unauthorized dilution is not a big problem.

P.S.: 18K AC bagholder @ Mintpal.

I agree, you seem pretty capable and so far we have 190 million "legitment" coins. If we can reduce the stake pos to 10% that would add much more value and overall much less inflation. Whos up for it? You think u can become the new dev? I have donations, bounties etc ready

[micryon]

So you are saying MintPal have no duty whatsoever to review the legitimacy of their wares? Does a Sunday marketplace care if a kiddie porn seller sets up a stall? Does Ebay care if someone tries to sell Marijuana? Does a Car salesman care if his product crashes immediately after purchase and kills all occupants?  I think MintPal has a contractual connection between us and the AC dev and as the AC dev is conspicuous in their absence, a court of law would acknowledge that MintPal has a duty of care to ensure their customers are not getting swindled.

Might I remind you that AC hasn't just dropped in price. It has disappeared from existence.

MintPal are the contractual link. Their operations must be fair and reasonable. Letting AC drop as far as they did over such a long timespan strongly suggests criminal collaboration.

In the real, and regulated economy there are laws and consequences.. if Mintpal or any of the other exchanges were operating in the real economy... (or if anyone big enough cared).. yeah they'd go down, or at least be slapped with penalties.  Not profit from other's misery.

However, this is the crypto economy, and it's the alt crypto economy on top of that... it's still kind of underground, completely unregulated.  

Morally.. it's not right.. I hope they feel bad about it (though likely not)... but outside of that there's no laws that govern here... that's just the unfortunate reality.  

[CryptoBull]

Is forking to X11 even possible?
If it is can somebody who knows the code dothe job for some bounty? If all the community donate some coins maybe somebody will take this hard task and make us all happy again
I can personaly donate 10% of my 100k !

[seattletu]

IMPORTANT

So from the block explorer (thanks for that) it looks like the dev scammer cashed out 30,130,175.27 of the premine.  He did so slowly over the course of the 2 weeks, in 300-1m increments.. (to not crash the price).. smart..

With an average 1000 sat pricing, that's about 300 BTC.. ~130k USD for this scam in his pocket..

The good news:

It looks like though the rest of the premine is just sitting at address: 2gqkfhoGMLpuwfXsRrSekhBAKRwmRH8sjEg  as of block 18013

http://199.231.191.241:2750/tx/3688b23d8dfa7e770697497247dcd0c037f2869495fd0e44a532c9ab9f1b28e0#i0

This means.. it's may be still possible to salvage this coin.  Even if the coin takes the 30m dilution.. which is effectively 10% and then just block this address...  That dilution could even be recouped by just reducing the staking % over the year to something like 50%, so that the final output can still be 360m.  

There hasn't been that many coins introduced outside of the scam premine wallet address...

Anyways technically this makes it actually much easier to repair, even if you just take the dilution loss of 30m.

interesting. hope you guys can salvage it.

[rudius]

So it turns out a forensic look into the code of various other coins has revealed more damn scamming.

How can anyone trust cryptocurrency or exchanges like Mintpal again when the industry is rife with crooks.

See here: https://asktom.cf/index.php?topic=595056.0

Why on earth attacking mintpal? If you are buying, it s at your own risk. The code is open source. They don t have to check anything. They take responsability for their exchange that s all. But if you want to buy a coin, that s on you. They are not at fault here.


Stop looking for someone to take the blame. You are only to blame. You!

FFS, people don t take responsability anymore.
Next time, you buy a coin, put a bounty together and ask someone with good reputation to review the code. In fact, it is as necessary as escrows.

So you are saying MintPal have no duty whatsoever to review the legitimacy of their wares? Does a Sunday marketplace care if a kiddie porn seller sets up a stall? Does Ebay care if someone tries to sell Marijuana? Does a Car salesman care if his product crashes immediately after purchase and kills all occupants?  I think MintPal has a contractual connection between us and the AC dev and as the AC dev is conspicuous in their absence, a court of law would acknowledge that MintPal has a duty of care to ensure their customers are not getting swindled.

Might I remind you that AC hasn't just dropped in price. It has disappeared from existence.

MintPal are the contractual link. Their operations must be fair and reasonable. Letting AC drop as far as they did over such a long timespan strongly suggests criminal collaboration.

1) cryptocurrency markets are not regulated. You are well aware of that. So no responsability other than yours

2) Mintpal have no obligation ro review the code. It facilitates exchange between 2 crypto currency driven by the blockchain. If you get fooled by the creator of a crypto currency, they can t be taken accountable.

3) AC did not disappeared. You still have them in your wallet. That s why you bought them in the first place: to OWN them. Guess what now you own them. The only markets at fault is the markets who are not allowing for withdrawals (cryptsy by the way)


So let me sum up. You did ask Mintpal to buy some AC with your BTC. You were delivered and you want to accuse them?
Let them stake and give Mintpal a rest.

[Collegestudent]

Is forking to X11 even possible?
If it is can somebody who knows the code dothe job for some bounty? If all the community donate some coins maybe somebody will take this hard task and make us all happy again
I can personaly donate 10% of my 100k !

Many ppl care, looking good guys once we fix code what not, i will get mintpal to add us again.

[Xuorc]

IMPORTANT

So from the block explorer (thanks for that) it looks like the dev scammer cashed out 30,130,175.27 of the premine.  He did so slowly over the course of the 2 weeks, in 300-1m increments.. (to not crash the price).. smart..

With an average 1000 sat pricing, that's about 300 BTC.. ~130k USD for this scam in his pocket..

The good news:

It looks like though the rest of the premine is just sitting at address: 2gqkfhoGMLpuwfXsRrSekhBAKRwmRH8sjEg  as of block 18013

http://199.231.191.241:2750/tx/3688b23d8dfa7e770697497247dcd0c037f2869495fd0e44a532c9ab9f1b28e0#i0

This means.. it's may be still possible to salvage this coin.  Even if the coin takes the 30m dilution.. which is effectively 10% and then just block this address...  That dilution could even be recouped by just reducing the staking % over the year to something like 50%, so that the final output can still be 360m.  

There hasn't been that many coins introduced outside of the scam premine wallet address...

Anyways technically this makes it actually much easier to repair, even if you just take the dilution loss of 30m.

Excellent news and analysis! Hopefully, community will take over this coin and make a hardfork locking that address out. 30 million unauthorized dilution is not a big problem.

P.S.: 18K AC bagholder @ Mintpal.

I agree, you seem pretty capable and so far we have 190 million "legitment" coins. If we can reduce the stake pos to 10% that would add much more value and overall much less inflation. Whos up for it? You think u can become the new dev? I have donations, bounties etc ready

I always liked the 2% interest after one year, thought that was about right and competitive with other coins.  Was never so sure about the 100% first year, so I'd be up for having a discussion on what to set the interest rate at.

[MCOnyx]

Thanks micryon for your work, perhaps some competent people can take this coin over, like it happened with WhiteCoin.

[ac2]

The list is growing. Please let me know so I can add your name to the

list. I lost tons of money in AC and would like this to be fixed. The

list so far:

AsiaCoin holders who wants to see a fix:

CryptoSteam
Nicolaas.R
silencesilence
bluebit25
WildChaser777
istop08
GröBkAz
Maxikosw (Maxikose on freenode irc)
hrt
cjp007
kache
minuchi.str
amit2007gunjan
noobthegreat
EEKman (Lost 3K USD. I feel you. I lost tons myself)
Maestro1
Xuorc
probrian
artem6662
Shkembe
Wolden
probrian
bittcoinn
voisina
jarserk
dirtypolecat
masterboy
nin7672
syrota
AC2 (1.35 million AsiaCoin)
Alpinist (200K AC)
Gambiman
Deathtoallptots (130K AC)
goldmann (Claimed to sell all of it with huge loss)
bitsta (Lost 25 BTC) (Claimed to sell all of it with huge loss)
ra1nb0wdash (Lost 3 BTC) (Claimed to sell all of it with huge loss)
ApoloTwo (lost 10BTC or 20 BTC on it ( i am not sure). ) (Claimed to sell all of it with huge loss)
georgeblair (680K AC)
minuchi.str (Lost 17 BTC)
BitcoinStacker
crypto_bull (700K AC)
Maestro1 (1 Million AC)
Final
nekokenny (49660 AC)
CycleSurfer360
tarzanbigcity
gaazje
milan74 (5K AC)
teringlijer (All his money in it)
kalenen (Lost 440k of AC)
LisboaKuya (lost 80k AC)
richwang (The post growing fast, I am holding 100 000AC)
bloodyboy (just when i was away for a while and have buy offer for about 900 satoshi this shit happend ;/ now i'm bagholder too...)
ORiN (13K AC)
surgexvb (lost 9620.63971700 AC)
ryanb (i have 593874.35376400 AC)
slasherzx (I lost my hard earned 45k AC due to this scam.. Fuck all my btc went to investing because  I fucking believe in the coin.. FUCK you im pissed.. I only have my total btc of 0.8 btc thrown into the air.. That is all my ROI for my rigs that I bought.. I want this fixed and compensated.. The devs have lost a lot of potential for being the next big coin.. Pls fix this.. I need my 0.8 btc, I'm no rich person like other people. If this can be fixed then I will support it.. )
nxt123.cn 30K AC
remulan (add me too 11839 AC)
LISSIE 4.5K AC Lost
juca_br2002 (500 AC)
Collegestudent (Please add me to the list: Lost over 15BTC or around 926064.79581800   Asiacoins
I hope the fix comes soon so the fud goes xD)
blindminer (I lost 700K AC)
DoomDumas (70K AC)
raggitor
Lsrwolf 24309.21914134 AC still sitting in Bittrex... this sux.
CapSER2.0 862907.454445 I have AC in my wallet
joewills (150K AC)
altcoiner
cryptojo
gaazje
donnyd413
Shurugwi
whatdidshedo
rsturtle (11K AC)
EEKmanc (3K AC)
zqjqiu (I lost 56000 AC)
skidog (lost a lot to maybe 70k)
syrota (35K AC)
cryptojo (350k AC)
skidog (70K AC)
Hoof-arted (43K AC)
jaayruu (only out 4 AC lol)
Escher (6K AC)
abel1337 (209K AC)
spcrypt
X-Laboratories
ChrisLandin 64K AC
noobthegreat 5K AC
drmadcat
wanvo 41K AC
eVilzOmbie
alekzander 274K AC
CryptoClub around 300K
tekke 10K to 15K


I woke up for a hour but I'm going back to sleep. Added names to the list.

Hi add me pls

56K shahim

Yay I'm winning! 1.35 million ac. Yep, I'm king of the losers!!! Woot woot!

[silencesilence]

+1

[Collegestudent]

IMPORTANT

So from the block explorer (thanks for that) it looks like the dev scammer cashed out 30,130,175.27 of the premine.  He did so slowly over the course of the 2 weeks, in 300-1m increments.. (to not crash the price).. smart..

With an average 1000 sat pricing, that's about 300 BTC.. ~130k USD for this scam in his pocket..

The good news:

It looks like though the rest of the premine is just sitting at address: 2gqkfhoGMLpuwfXsRrSekhBAKRwmRH8sjEg  as of block 18013

http://199.231.191.241:2750/tx/3688b23d8dfa7e770697497247dcd0c037f2869495fd0e44a532c9ab9f1b28e0#i0

This means.. it's may be still possible to salvage this coin.  Even if the coin takes the 30m dilution.. which is effectively 10% and then just block this address...  That dilution could even be recouped by just reducing the staking % over the year to something like 50%, so that the final output can still be 360m.  

There hasn't been that many coins introduced outside of the scam premine wallet address...

Anyways technically this makes it actually much easier to repair, even if you just take the dilution loss of 30m.

Excellent news and analysis! Hopefully, community will take over this coin and make a hardfork locking that address out. 30 million unauthorized dilution is not a big problem.

P.S.: 18K AC bagholder @ Mintpal.

I agree, you seem pretty capable and so far we have 190 million "legitment" coins. If we can reduce the stake pos to 10% that would add much more value and overall much less inflation. Whos up for it? You think u can become the new dev? I have donations, bounties etc ready

I always liked the 2% interest after one year, thought that was about right and competitive with other coins.  Was never so sure about the 100% first year, so I'd be up for having a discussion on what to set the interest rate at.

Yea bro loving my 920k ACs again i will do all i can help haha, lets make sure mircyon becomes dev. and p.s anything between 1-10% POS is best

[bdanyo]

Dear Asiacoin community,
 
We, the Pandacoin (PND) devs feel like giving back to the community with the recent Asiacoin blow up, as part of our coin’s origins and philosophy is to stand against cryptocurrency manipulation and scams. We would like to offer some sort of compensation to current Asiacoin bagholders that have lost money with the recent turmoil in the coin.
 
Compensation offer:
 
If you can provide proof of the amount of Asiacoin that you are currently bagholding, for the first 10 people that take up this offer, we will send you x10 amount the of Pandacoins (PND) that you hold in terms of Asiacoin! So for example, if you hold 10,000 Asiacoin, and is the first 10 to take this offer up, we will send you 100,000 Pandacoins (PND).
 
After the first 10 replies, we are still willing to send you the amount of Pandacoins (PND) to a 1:1 ratio for the amount of Asiacoin that you hold. For anyone with less than 50,000 Asiacoins, the minimum of Pandacoins (PND) received from us is still going to be 50,000!
 
Disclaimer: Maximum 150,000 Pandacoin (PND) per individual, wallet address, and bitcointalk account. Only bitcointalk accounts over 7 days old will be considered
 
Ok sounds good! How do I get some free Pandacoins? -
 
Step 1: Getting your Pandacoin (PND) wallet - Download our wallet by going to either https://asktom.cf/index.php?topic=568529.0 or http://thepandacoin.net/ and generating a Pandacoin (PND) deposit address
 
Step 2: Providing Proof
 

 
In your AsiaCoin wallet, go to File > Sign Message. Then click on the address book button next to the address input field and select your address. Then, enter your Bitcointalk forum username in the text box and click the sign message button. Finally, click the copy signature button next to the signature field and paste it in the message for Step 3.
 
Step 3: Contacting us with the information to receive our compensation offer - Go to https://asktom.cf/index.php?topic=568529.0 and reply with a post containing the proof of your signature embedded with the address from Step 2, along with your Pandacoin (PND) wallet address to receive our compensation offer for Asiacoin bagholders!
 
Your post should look something like this with the following example -
 
Asiacoin address: ALR6861XReyWD25RrJjzgY1GLe75MLH4DR
 
Balance: 1000.1234
 
Proof: IGkFFI3T29GrP55FqnmkOarblqUsmmfG7XxwwaYYQiwR8wV1hc2QpG7jEUshh1N4pk2uckdid3xDM4d 3AkA/WBY=
 
Pandacoin (PND) wallet address: PHFByB65qhEkG9SK8UjY94t7Phoqq8vnSr
 
 
 
Kind regards,
 
Pandacoin (PND) development team.
 
Edit: If your coins are trapped in an exchange, so you can't do step 2. You can provide a screenshot in your post over at https://asktom.cf/index.php?topic=568529.0in place of step 2 that was listed! I had many people telling me that their exchanges are trapping their coins, so there we go