What is the exchange rate between ClamCoin and Bitcoin?
Looking at Poloniex, 1 Clam = 0.00246809
BTC. I have a few Clams idle in Poloniex account and it has been stable for quite some time, for me
Clam is a great investment unlike other alt coins out there. This is not true. CLAM is horribly centralized with one person (with a history of endorsing scams, and a very sketchy past)
controls over 7% of the clams in circulation, plus an unknown additional amount in other addresses. Taking into account that most of the addresses in circulation are probably not attempting to stake, there is a very high chance that any block found will be found/mined by that one person.
This means that any transaction involving CLAMs can potentially be reversed even several days (or longer) after it has been initially confirmed.
*INFO from Just-Dice.com*
20:19:15 INFO: 179,953 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
20:19:15 INFO: 828,766 CLAM were dug up and 718,831 CLAM were staked for a total of 1,547,596 CLAM
20:19:15 INFO: Just-Dice's onsite bankroll of 1,145,256 CLAM represents
74.00% of that amount
Actually JD controls 74% of the current outstanding shares of CLAM.
They are willing to change (or at least threaten to change) the code on a whim to weed out "competitors"... worked verse me.
The problem with it being so centralized is that even if Dooglus is a good guy and wouldn't do anything bad with the power... what if a Carl Force type character took control on Doogs computer or USA based server... they could literally rob the ecosystem blind over night. This would result in huge losses for any exchange or service supporting CLAM.
They could put Poloniex and others out of business over night.
