I'm one of the AsiaCoin bagholders. If the dev does not come back with
version #2, then we will have to come up with solutions to fix this.
I'm going to start adding names to this list who are bagholders that
want this fixed. I'll start with my name.
AsiaCoin Bagholders 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)
X-Laboratories
You guys don't need the dev to come back. Let him rot in hell. Asiacoin
can still be saved. Create a new blockchain that destroys the hidden
premine and have people exchange their coins to the new blockchain. It
happened with ADT and with Federation Credits.
Get a bounty together and contact the developers.
by looking at the blockchain and the movement of the hidden premine you
can determine where the coins went and how many.
with the amount of people involved...it will be worth it. Rising like a phoenix from the ashes will actually generate more interest in the coin, people will be amazed at how communities can rally together in the face of adversity.
The exchanges will not ignore us, the amount of trading volume this coin brings is INSANE. We need to restore confidence. We will adapt and overcome.
Copying the blockchain would still require surgical removal of the premine transactions all the way through the blockchain. So you have to do that work anyways. At which point, there's no point in a new coin, unless it's just for a "rebrand".
Anyways I see 2 methods of fixing it:
1) Allows use existing wallet.dat and db:
- a) Pick a current block N, freeze things at that block (meaning any transactions after that is technically invalid)
- b) Walk through blockchain from the beginning and trace the premine transactions all the way to current block N.
- c) Find all addresses that have coins that originated from original premine transaction.
- d) Hard code in the wallet file transaction accept code to BLOCK those addresses from allowing to send those transactions, greater than the amount of the bad "premine".
- e) Compile, Release new wallet.
- PRO: you don't have to delete your wallet.dat or db
- CON: going to be some huge IF statements in the code somewhere..
2) Allows use of existing wallet.dat (but throw away old db):
- d) Do the same as above, except deviate from step d)
- e) Derive a new list of addresses and their "real" coin amounts at block N
- f) Code in the genesis block of a new chain, a distribution of those coins from this list.
- g) Compile, Release new wallet.
- PRO: more streamlined blockchain/db
- CON: you need to force all users to delete their DB but NOT their wallet.dat (may be some confusion here).