Just-Dice.com : now with added CLAMs : Play or Invest

[dooglus]

Due to numerous requests, CLAMS is now added on ShapeShift.io

That's great, thanks!

This is now the fastest/easiest way to buy or sell CLAMS. No account or signup needed.

Give it a try...

I would like to, but all I see is:

[1715324474]

1715324474

[1715324474]

1715324474

[1715324474]

1715324474

[ShapeShift.io]

Due to numerous requests, CLAMS is now added on ShapeShift.io

That's great, thanks!

This is now the fastest/easiest way to buy or sell CLAMS. No account or signup needed.

Give it a try...

I would like to, but all I see is:

Just try a reload of page if it ever happens, sorry about that.

[dooglus]

I would like to, but all I see is:

Just try a reload of page if it ever happens, sorry about that.

OK, I reloaded, set it to change CLAM to BTC (an annoying box popped up when I was trying to select 'BTC'. It told me you weren't available right now. I guess I hovered too close to the bottom right corner).

Then I saw this:



It's weird that it says to sent "any amount of Clams" but then says "Deposit Limit: 62.5032 CLAM 0.02666667 CLAM". Are those the maximum and minimum amounts I can send? 62 CLAM is around 0.4 BTC which is less than a lot of people are looking to spend.

I tried switching the currency pair the other way, to change BTC to CLAM, but couldn't see how. Hitting 'back' on the browser takes me back to the first screen but the currency menus aren't active any more. I ended up having to reload the page.

Then after I put in my CLAM address it told me "Deposit Limit: 0.5893 BTC 0.00000000 BTC" so again the maximum is quite low. Nobody can argue with that minimum though but it looks like it could be a bug.

[ShapeShift.io]

I would like to, but all I see is:

Just try a reload of page if it ever happens, sorry about that.

OK, I reloaded, set it to change CLAM to BTC (an annoying box popped up when I was trying to select 'BTC'. It told me you weren't available right now. I guess I hovered too close to the bottom right corner).

Then I saw this:

It's weird that it says to sent "any amount of Clams" but then says "Deposit Limit: 62.5032 CLAM 0.02666667 CLAM". Are those the maximum and minimum amounts I can send? 62 CLAM is around 0.4 BTC which is less than a lot of people are looking to spend.

I tried switching the currency pair the other way, to change BTC to CLAM, but couldn't see how. Hitting 'back' on the browser takes me back to the first screen but the currency menus aren't active any more. I ended up having to reload the page.

Then after I put in my CLAM address it told me "Deposit Limit: 0.5893 BTC 0.00000000 BTC" so again the maximum is quite low. Nobody can argue with that minimum though but it looks like it could be a bug.

Thanks for the feedback Dooglus!

The maximum is only around half a bitcoin now as we just launched it. If people start to use it then we'll increase those limits (we also keep them low initially in case there are bugs with new coins).

Are you able to tell us what the avg size of deposits or withdrawals is?

Will check on that zero deposit minimum... could be a bug indeed, thank you.

You can only switch the pair if you haven't already moved to step 2. Before moving to step 2, specify the currency you want to deposit and what you want to receive.

1) Select your pair
2) Enter your receive address
3) Click start and send coins to deposit address
4) Get your coins within 0-1 confirmation of your deposit

Easy peasy!

EDIT: zero minimum bug fixed now

[dooglus]

The maximum is only around half a bitcoin now as we just launched it. If people start to use it then we'll increase those limits (we also keep them low initially in case there are bugs with new coins).

Well that makes sense.

Are you able to tell us what the avg size of deposits or withdrawals is?

They really come in all sizes. I suspect that the bigger traders probably aren't going to be in the market for your service because they're more price sensitive, and I assume you charge a fee on top of the exchange fee. Also, a lot of the trading that happens on JD happens in the form of off-chain transactions - one user with "tip" another some CLAM from his balance in exchange for (real) bitcoin. That's a reasonable solution for two users who trust each other or who can find a mutually acceptable escrow. I would think your service would be more useful for newcomers who want an easy way to get started without the tedious business of finding someone to deal with. Having said that, 1 BTC or so is probably enough for most.

You can only switch the pair if you haven't already moved to step 2. Before moving to step 2, specify the currency you want to deposit and what you want to receive.

I was mostly wanting to switch so that I could see the exchange rate in each direction, and from that calculate your mark-up. But now I notice the rate is shown as soon as I select the currency pair. I'm not sure why I didn't notice that before.

As of right now I'm seeing:

  1.00 CLAM = 0.00559481 BTC
  1.00 BTC = 132.5177

Multiplying these together:

  0.00559481 * 132.5177 = 0.7414

So if I trade BTC to CLAM and back again, I end up with 74% of my starting amount of BTC.

Is that because of the market spread? Or are you really charging a 13.9% fee in each direction?

  100 - (0.00559481 * 132.5177) ^ 0.5 * 100 = 13.9

[ShapeShift.io]

The maximum is only around half a bitcoin now as we just launched it. If people start to use it then we'll increase those limits (we also keep them low initially in case there are bugs with new coins).

Well that makes sense.

Are you able to tell us what the avg size of deposits or withdrawals is?

They really come in all sizes. I suspect that the bigger traders probably aren't going to be in the market for your service because they're more price sensitive, and I assume you charge a fee on top of the exchange fee. Also, a lot of the trading that happens on JD happens in the form of off-chain transactions - one user with "tip" another some CLAM from his balance in exchange for (real) bitcoin. That's a reasonable solution for two users who trust each other or who can find a mutually acceptable escrow. I would think your service would be more useful for newcomers who want an easy way to get started without the tedious business of finding someone to deal with. Having said that, 1 BTC or so is probably enough for most.

You can only switch the pair if you haven't already moved to step 2. Before moving to step 2, specify the currency you want to deposit and what you want to receive.

I was mostly wanting to switch so that I could see the exchange rate in each direction, and from that calculate your mark-up. But now I notice the rate is shown as soon as I select the currency pair. I'm not sure why I didn't notice that before.

As of right now I'm seeing:

  1.00 CLAM = 0.00559481 BTC
  1.00 BTC = 132.5177

Multiplying these together:

  0.00559481 * 132.5177 = 0.7414

So if I trade BTC to CLAM and back again, I end up with 74% of my starting amount of BTC.

Is that because of the market spread? Or are you really charging a 13.9% fee in each direction?

  100 - (0.00559481 * 132.5177) ^ 0.5 * 100 = 13.9

It's because of market spread and the issue of market depth. ShapeShift prices coins without slippage (so your whole order processes at one price, instead of sliding through an order book).  The less deep the coin's exchange market, the wider that spread will be.   To compare it, you should do a couple BTC worth of instant exchange at a normal exchange, into CLAMS and then back to BTC, and see what happens. Consider also the time delay it takes to get money into and then back out of the exchange (can be 30 mins to a couple hours).

[ShapeShift.io]

We played around with some depth calibrations for CLAMS - the rate should be significantly better now.

[picolo]

Doog what is the average % per day profit atm?

I have weekly stats, for an account I made early on and have left with no offsite investment. So this is a "1x" investor:

Dec 12 2014     0.00%   100.00%
Dec 15 2014     3.64%   103.64%
Dec 22 2014     5.02%   108.85%
Dec 29 2014     2.09%   111.13%
Jan  5 2015     8.16%   120.20%
Jan 12 2015     5.28%   126.55%
Jan 19 2015     3.55%   131.04%
Jan 26 2015     2.10%   133.79% <-- this is the first week in which "offsite investing" was allowed
Feb  2 2015     2.10%   136.60%
Feb  9 2015     1.94%   139.24%
Feb 16 2015     1.93%   141.93%
Feb 23 2015     1.95%   144.70%
Mar  2 2015     1.81%   147.32%

Mar  4 2015     0.72%   148.38%

If we say that's 1.9% per week on average then that's about 0.27% per day, compounded

[ ((1 + 1.9/100) ** (1.0/7) - 1) * 100 = 0.269244 ]

Not bad considering the price of CLAM went up a lot in the same time. You could have created an other account on Jan 26 with 133.79 and offsite set to max to compare with offsite at 0.

[dooglus]

Not bad considering the price of CLAM went up a lot in the same time. You could have created an other account on Jan 26 with 133.79 and offsite set to max to compare with offsite at 0.

Yes, but I didn't think of it unfortunately.

I'll do it now though.

[picolo]

Not bad considering the price of CLAM went up a lot in the same time. You could have created an other account on Jan 26 with 133.79 and offsite set to max to compare with offsite at 0.

Yes, but I didn't think of it unfortunately.

I'll do it now though.

I didn't think of it at the time either

You could extrapolate the results from Jan 26 to now with offsite set to max (even if the result will be different depending on how often a player reset to max)

[dooglus]

Not bad considering the price of CLAM went up a lot in the same time. You could have created an other account on Jan 26 with 133.79 and offsite set to max to compare with offsite at 0.

Yes, but I didn't think of it unfortunately.

I'll do it now though.

I didn't think of it at the time either

You could extrapolate the results from Jan 26 to now with offsite set to max (even if the result will be different depending on how often a player reset to max)

I'm not sure it's worth the effort to go back and try to work out "what would have happened" - because you'll never get it right. My investment would have diluted others' investments, meaning they earned less, and so would have had less to gamble with, etc.

I've set up a new account with a 100x multiplier and will just leave it alone. I won't repeat the "/offsite max" at all, I'll just let it ride.

Remind me in a few weeks to post the results if I didn't do it already.

[BayAreaCoins]

Just-dice players:

A new faucet www.FreeClamCo.in has been added to the faucet directory.

Please remember to bookmark www.ClamcoinFaucets.com (AKA www.ClamFaucets.com)

I'm hoping to get some daily promos out to players who play over a certain point each day or something  

[chriswen]

nice site shapeshift.

[theskillzdatklls]

is there any chance of a bitcoin site coming back?

[chriswen]

BIG NEWS: "ShapeShift Raises $525k, Reveals @ErikVoorhees as Creator"- seed investors @RogerkVer @BarrySilbert http://ow.ly/K9Fvd

https://twitter.com/ShapeShift_io/status/575313996552761345

[ShapeShift.io]

Much higher limits now at www.ShapeShift.io for CLAMS, enjoy!

[picolo]

is there any chance of a bitcoin site coming back?

Yes but the question is what is the probability, maybe 5% that it comes back in the next 3 years.

[theskillzdatklls]

is there any chance of a bitcoin site coming back?

Yes but the question is what is the probability, maybe 5% that it comes back in the next 3 years.

did doog come up with those odds?

[arallmuus]

is there any chance of a bitcoin site coming back?

Yes but the question is what is the probability, maybe 5% that it comes back in the next 3 years.

did doog come up with those odds?

a quick search here

Does dooglus only plan to reopen with CLAM or does he plan to introduce BTC again?

I don't plan to introduce BTC again. Last time it really got out of hand. I don't want to be holding huge amounts of value for other people. It's scary. I said recently in the chat that I won't be opening for BTC again. That's overstating it since I'm not certain about that, but it's probably true.

So why was this reopened with CLAM? Why wasn't the reopening announced? Why add only CLAM and not BTC?

CLAM is cheap, and widely distributed. It's easy to get hold of, and many people already have it. BTC is expensive and an easy target for thieves. I didn't announce the reopening because I wanted a small, self-selected crowd to test it. There have been a small but loyal bunch of people hanging around the site ever since it shut down. It makes sense that they would be the most tolerant of the frequent restarts and even bugs that were likely to be part and parcel of the switch over to CLAM.

Does the site shut down again if a CLAM/USD exchange opens up?

No.

from the quote above it seems that dooglus got no intention to use BTC back, i might be wrong, but aslong as CLAMS are doing fine, it seems like the site will keep on using CLAMS, that 5% odds isnt something from dooglus i guess

[picolo]

Not bad considering the price of CLAM went up a lot in the same time. You could have created an other account on Jan 26 with 133.79 and offsite set to max to compare with offsite at 0.

Yes, but I didn't think of it unfortunately.

I'll do it now though.

I didn't think of it at the time either

You could extrapolate the results from Jan 26 to now with offsite set to max (even if the result will be different depending on how often a player reset to max)

I'm not sure it's worth the effort to go back and try to work out "what would have happened" - because you'll never get it right. My investment would have diluted others' investments, meaning they earned less, and so would have had less to gamble with, etc.

I've set up a new account with a 100x multiplier and will just leave it alone. I won't repeat the "/offsite max" at all, I'll just let it ride.

Remind me in a few weeks to post the results if I didn't do it already.

OK I will. I thought you could find someone that went x100 and never invested/divested since Jan 26 and see how much its investment increase.

What about showing how much we stacked ?
The site shows investors how much they profited but not how much they stacked and we have to extrapolate to know how much we stacked.