Post
Topic
Board Announcements (Altcoins)
Re: [AC] AsiaCoin | Pure PoS | 100% Interest
by
bittcoinn
on 16/06/2017, 22:39:58 UTC
What's the total amount of asiacoin?
And what's the money supply of asiacoin now?

ad.1. according to explorer there is 860,188,643 AC - how many is missing, lost, etc... we don't know, (https://chainz.cryptoid.info/ac/)
       getinfo command is showing: "blocks" : 1669181,
                                              "moneysupply" : 860200134.31513202,

ad.2. there is info on 1st page (May 04, 2014,) :  PoS Specification:     Interest: 100% annually, decreasing gradually to 1% within 3 years - so from May 04 2017 we should be 1% POS inflation only.

1. on my wallet i have exactly same "moneysupply" as explorer

as your wallet shows different value - it's serious, quite possibly is forking

2.as for now, Asiacoin wallet is staking 100% indefinitely (that makes Asiacoin very inflationary)

and we have no developer to compile new wallet with slower staking

TL;DR

original 2014 Asiacoin wallet had never in-built stopping 100% stake (as well as had tons of other mistakes)

if someone has patience - can check line by line on github

in 2015 we concentrated on repairing basic functions of wallet, did not concentrate on stopping 100% staking

nowadays hi-staking coins have fallen out of favor and are depressed - TEK HYP and so on

problem is different

Asiacoin is difficult source to compile on Windows
in 2015 when wallet crashed i had contacted several average quality devs listed on bitcointalk.
all had said cannot compile Asiacoin on Windows
only for fsb4000 it was possible

actually, stopping 100% staking is not the biggest headache for Asiacoin

problem is, nobody knows how to position Asiacoin to survive in present scenario

so many different new coins mostly with near 100% premine are occuping coinmarketcap

because of tightly controlled supply these coins can print any price

total coinmarketcap went from around 5 billion us in 2015 do around 100 billion us now

what to do?