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

[dooglus]

The inflation is far more than 1%/year. There are about 500 000 CLAM and 1 new CLAM created every minute + CLAM dugged out of non dust bitcoin addresses during the CLAM distribution on May 2013.

I think the 1% is meant to be of the total amount in existence, including the coins that weren't dug up yet.

If you include those, there are around 15 million coins in existence.

That gives an annual inflation rate of 3.5%:

>>> 60*24 * 365 * 100 / 15e6
3.504

So I'm not sure where they get the 1% figure from.

The official website says:

Proof-Of-Stake reward is designed to replace coins lost, unclaimed or inaccessible over time. The block reward of 1 CLAM means that 526,000 new CLAMs are created each year. The annual rate of return varies in relation to the current active money supply. Accordingly, the present annual rate of return is 234%, and the daily return is 0.64%

I thought it used to say that inflation was 1% annually, but maybe I'm wrong about that. The current figure is pretty inaccurate too, since as of now:

17:20:52 INFO: 280,131 CLAM were dug up and 189,096 CLAM were staked for a total of 469,227 CLAM

so that's not much over 100% growth per year. If something grows from 100 to 105 in a year you call that a 5% return, right? Not a 105% return?

[1715319893]

1715319893

[1715319893]

1715319893

[picolo]

The inflation is far more than 1%/year. There are about 500 000 CLAM and 1 new CLAM created every minute + CLAM dugged out of non dust bitcoin addresses during the CLAM distribution on May 2013.

I think the 1% is meant to be of the total amount in existence, including the coins that weren't dug up yet.

If you include those, there are around 15 million coins in existence.

That gives an annual inflation rate of 3.5%:

>>> 60*24 * 365 * 100 / 15e6
3.504

So I'm not sure where they get the 1% figure from.

The official website says:

Proof-Of-Stake reward is designed to replace coins lost, unclaimed or inaccessible over time. The block reward of 1 CLAM means that 526,000 new CLAMs are created each year. The annual rate of return varies in relation to the current active money supply. Accordingly, the present annual rate of return is 234%, and the daily return is 0.64%

I thought it used to say that inflation was 1% annually, but maybe I'm wrong about that. The current figure is pretty inaccurate too, since as of now:

17:20:52 INFO: 280,131 CLAM were dug up and 189,096 CLAM were staked for a total of 469,227 CLAM

so that's not much over 100% growth per year. If something grows from 100 to 105 in a year you call that a 5% return, right? Not a 105% return?

If you take into account the CLAM dugged it's a bigger inflation. The CLAM inflation should be decreasing over time.

Did you consider creating a new coin for just-dice instead of using CLAM?
There were a lot of advantages to use CLAM but also some disavantages.
How would you estimate the probability to reintroduce BTC (at least partially not to crash the CLAM market) for just-dice in 2015? An estimate to the best of your capabilities would be nice even if it's hard to guess

[Dabs]

How would you estimate the probability to reintroduce BTC (at least partially not to crash the CLAM market) for just-dice in 2015? An estimate to the best of your capabilities would be nice even if it's hard to guess

My guess is zero. For BTC anyway.

[picolo]

How would you estimate the probability to reintroduce BTC (at least partially not to crash the CLAM market) for just-dice in 2015? An estimate to the best of your capabilities would be nice even if it's hard to guess

My guess is zero. For BTC anyway.

My guess is 3%, I would like to have dooglus guess

[uvwvj]

12:28:05 INFO: 61,021 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
12:28:05 INFO: 281,030 CLAM were dug up and 191,498 CLAM were staked for a total of 472,527 CLAM
12:28:05 INFO: Just-Dice's bankroll of 330,507 CLAM represents 69.94% of that amount
12:28:05 INFO: if all the distributed CLAMs were dug up, the total money supply would be 14,965,899 CLAM

Market Cap of CLAM 472.527k (472,527) CLAM = 341.0541338071k (341,054.1338070636) USD

JD opened 6 weeks
JD Profit 33222 JD Site Staked 37564  = 70786

Value of Coins if not exchanged
70.786k (70,786) CLAM = 51.3164661461k (51,316.466146056) USD

Today

Daily USD Cummulative Staked and Profit



JD Market Cap if Doog sold his earned weekly Clam for USD -  $10,000 USD (10% in 6 weeks) x 8 (6weeks week segements in a year) x 10 years = $860,000 USD

** With the value of BTC sub $200 and Clams in theory being a JD Coin at this point the Clam/BTC 0.0040 should increase **

My Thought would be Doog needs to sell Clams for BTC or USD to put back liquidity into CLAMS as JD now has 70% centralization.  THIS IS A CARTEL

[dooglus]

My Thought would be Doog needs to sell Clams for BTC or USD to put back liquidity into CLAMS as JD now has 70% centralization.

I don't know if you noticed, but I'm actively working towards reducing the centralization to below 50%.

THIS IS A CARTEL

No, it isn't.



There's no association conspiring to maintain high prices. There's a free market with thousands of CLAM available much cheaper now than they were a few days ago. Anyone is able to buy CLAM and invest it in JD, or divest their CLAM from JD and sell it on the markets. The issue is that JD has been paying great returns, and so has attracted a lot of coins. There's nothing anti-competitive about it. If you make something which pays a better return I'm sure coins will flock to it. Maybe don't associate the 'uv' name with it though.

Edit: jinx you owe me a soda!

Edit2: BayAreaCoins deleted his post and now my first edit makes no sense at all!

[BayAreaCoins]

Edit2: BayAreaCoins deleted his post and now my first edit makes no sense at all!

hehe my bad!

I figured having a voice of reason would be best next to dipshit calling it a Cartel rather than me comparing CLAM to a festival

[russianptr]

so when will this new feature be available on the real CLAM site?
(not doge shitcoin test site)

mention a date when we will be able to enjoy this feature dooglus 

[dooglus]

so when will this new feature be available on the real CLAM site?
(not doge shitcoin test site)

mention a date when we will be able to enjoy this feature dooglus 

The testing is going well. I still need to limit changes in user offsite balances to maybe 5 changes per day, because the test site suggests that otherwise people will mess with it constantly which is annoying for players. Aiming at a constantly changing maximum profit gets tiresome fast.

I also need to add some documentation and warnings. It's easy to lose your whole balance very quickly if you use the /cold feature without understanding it.

I have it sharing out the stakes based only on onsite investment amounts now.

I guess I'll be putting it on JD in 2 or 3 days.

[russianptr]

I guess I'll be putting it on JD in 2 or 3 days.

gonna hold you to that one 

Happy coding, looking forward to it!

[chilly2k]

I guess I'll be putting it on JD in 2 or 3 days.

gonna hold you to that one 

Happy coding, looking forward to it!

   Can't wait...

[MRKLYE]

JD is currently down while doog investigates a possible database derp.
User "Catman-dude" had his balance go to "NaN" and doog stopped the site and took it offline to investigate.
No need to panic, Your CLAM is safe on the site and I expect that JD will be up within the next few hours.

[dooglus]

JD is currently down while doog investigates a possible database derp.
User "Catman-dude" had his balance go to "NaN" and doog stopped the site and took it offline to investigate.
No need to panic, Your CLAM is safe on the site and I expect that JD will be up within the next few hours.

True story.

Nothing to worry about - I took the site down because I was worried that the problem could be more widespread, but it looks like onto Catman was affected.

I will put the site back up ASAP. I'm guessing within the hour.

Sorry for the inconvenience.

[MRKLYE]

Thanks for confirmation doog.

Figured I'd post here to let everyone know what was going on. 

[BayAreaCoins]

Thanks for staying on top of it Doog.

mmmmmmmm bb 

[ranlo]

JD is currently down while doog investigates a possible database derp.
User "Catman-dude" had his balance go to "NaN" and doog stopped the site and took it offline to investigate.
No need to panic, Your CLAM is safe on the site and I expect that JD will be up within the next few hours.

True story.

Nothing to worry about - I took the site down because I was worried that the problem could be more widespread, but it looks like onto Catman was affected.

I will put the site back up ASAP. I'm guessing within the hour.

Sorry for the inconvenience.

When the site's back up can you give a short tl;dr about what happened to cause it? Just for curiosity's sake. Love edge cases in programming, :p.

[marilyn4325]

Hush, bad kitty! Don't chew on the server cable!

[dooglus]

I will put the site back up ASAP. I'm guessing within the hour.

When the site's back up can you give a short tl;dr about what happened to cause it? Just for curiosity's sake. Love edge cases in programming, :p.

The issue is resolved and we're back up.

tl;dr: I wrote a nice "validate_number()" function to check the validity of all user input that I expect to be a number, then for some reason didn't use it when checking the tip amount value but basically re-wrote the function in place. It accepted all valid numbers, and rejected all invalid numbers except for a single "." with no digits, which parseFloat() correctly tells me is Not a Number.

Tomorrow I hope to put the "offsite investment" feature live, which will allow investors to move the bulk of their coins offsite while leaving them invested. Hopefully they'll move them somewhere less buggy. 

[ranlo]

I will put the site back up ASAP. I'm guessing within the hour.

When the site's back up can you give a short tl;dr about what happened to cause it? Just for curiosity's sake. Love edge cases in programming, :p.

The issue is resolved and we're back up.

tl;dr: I wrote a nice "validate_number()" function to check the validity of all user input that I expect to be a number, then for some reason didn't use it when checking the tip amount value but basically re-wrote the function in place. It accepted all valid numbers, and rejected all invalid numbers except for a single "." with no digits, which parseFloat() correctly tells me is Not a Number.

Tomorrow I hope to put the "offsite investment" feature live, which will allow investors to move the bulk of their coins offsite while leaving them invested. Hopefully they'll move them somewhere less buggy. 

Interesting bug, thanks for explaining it (as a still-learning programmer, these things are invaluable for learning)! And looking forward to the update tomorrow!

[picolo]

I will put the site back up ASAP. I'm guessing within the hour.

When the site's back up can you give a short tl;dr about what happened to cause it? Just for curiosity's sake. Love edge cases in programming, :p.

The issue is resolved and we're back up.

tl;dr: I wrote a nice "validate_number()" function to check the validity of all user input that I expect to be a number, then for some reason didn't use it when checking the tip amount value but basically re-wrote the function in place. It accepted all valid numbers, and rejected all invalid numbers except for a single "." with no digits, which parseFloat() correctly tells me is Not a Number.

Tomorrow I hope to put the "offsite investment" feature live, which will allow investors to move the bulk of their coins offsite while leaving them invested. Hopefully they'll move them somewhere less buggy. 

The "offsite investment" feature will be great and I predict we will have some fun with it
It may not move the CLAM market price significantly.