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

[dooglus]

it would be extremely helpful for clams and just-dice when margin trading would be possible.

Do you mean you want an exchange to allow margin trading with CLAMs, or are you talking about Just-Dice itself somehow doing margin trading?

Poloniex has a BTC/CLAM market and recently added margin trading. CLAM isn't one of the currencies they allow margin trading with right now, but I think they probably launched with just a few currencies to try it out. They'll presumably add CLAMs if there's demand.

[cowbay]

what a waste of a perfect roll:

https://just-dice.com/roll/247001866

[dooglus]

what a waste of a perfect roll:

https://just-dice.com/roll/247001866

Nice:



Now I need to update the 'milestones' page...

Edit: I thought I would be adding your 0.0002% win, but it turns out rubyjane beat you to it:

[Taxidermista]

it would be extremely helpful for clams and just-dice when margin trading would be possible.

Helpful how?

[v1rtu0so]

Guess I should join the forum party 

[nakaone]

it would be extremely helpful for clams and just-dice when margin trading would be possible.

Helpful how?

just-dice and dooglus are in my opinion the most trusted entities in crypto gambling. for gambling the counterparty risk with just-dice is extremely low - nevertheless one is confronted by exchange rate risk due to the usage of clams.

using margin trading on poloniex one could hedge the currency volatility of clams against bitcoin: it would cost some money (interest rate for borrowing as well as transaction fees) but it would reduce, or even kill the volatility.

well basically you can also argue that in the long term, when just-dice succeeds clam will also succeed but it is still a risk to use this altcoin.

[chriswen]

it would be extremely helpful for clams and just-dice when margin trading would be possible.

Helpful how?

just-dice and dooglus are in my opinion the most trusted entities in crypto gambling. for gambling the counterparty risk with just-dice is extremely low - nevertheless one is confronted by exchange rate risk due to the usage of clams.

using margin trading on poloniex one could hedge the currency volatility of clams against bitcoin: it would cost some money (interest rate for borrowing as well as transaction fees) but it would reduce, or even kill the volatility.

well basically you can also argue that in the long term, when just-dice succeeds clam will also succeed but it is still a risk to use this altcoin.

But the interest rate would probably be similar to your interest rate at just-dice.

[dooglus]

But the interest rate would probably be similar to your interest rate at just-dice.

I estimate that coins in the JD bankroll make about 0.2% per day just from staking. Any loans made would presumably have to charge at least that much.

[nakaone]

But the interest rate would probably be similar to your interest rate at just-dice.

I estimate that coins in the JD bankroll make about 0.2% per day just from staking. Any loans made would presumably have to charge at least that much.

which also had some serious implications since the interest rate for btc is around 0.04%, for dash is around 0.03% and for xmr is 0.004 % (!)

[bhokor]

The only question is about clam price if it will be stable without doubt it is a great invest

[Timetwister]

The only question is about clam price if it will be stable without doubt it is a great invest

Buying CLAM seems to be like buying Just Dice shares. The problem is that we don't know how many CLAMS will be claimed in the future, making them worth less.

[Timetwister]

Can we know how many CLAMS have been claimed relative to the total potential supply?

[andulolika]

Can we know how many CLAMS have been claimed relative to the total potential supply?

Just write /supply in just dice chat.

[chilly2k]

The only question is about clam price if it will be stable without doubt it is a great invest

Buying CLAM seems to be like buying Just Dice shares. The problem is that we don't know how many CLAMS will be claimed in the future, making them worth less.

   First you can type getinfo on the console in the clam QT wallet to get the active supply.

Currently there are 690K active.  Those are dug up, and staked clams that are in circulation. 
The total potential money supply is currently  15,147K 

   Now you know how many clams could be claimed, so are they now worth something? 

By your logic (not knowing the true money supply) all crypto is worthless. 

   Sorry, but maybe I took your comment wrong.  If you meant worth less then something else, and not worthless, as in having no value.  I apologize..     

As with anything in the world, clams are worth "what someone is willing to pay for them".   

[Timetwister]

The only question is about clam price if it will be stable without doubt it is a great invest

Buying CLAM seems to be like buying Just Dice shares. The problem is that we don't know how many CLAMS will be claimed in the future, making them worth less.

   First you can type getinfo on the console in the clam QT wallet to get the active supply.

Currently there are 690K active.  Those are dug up, and staked clams that are in circulation.  
The total potential money supply is currently  15,147K  

   Now you know how many clams could be claimed, so are they now worth something?  

By your logic (not knowing the true money supply) all crypto is worthless.  

   Sorry, but maybe I took your comment wrong.  If you meant worth less then something else, and not worthless, as in having no value.  I apologize..      

As with anything in the world, clams are worth "what someone is willing to pay for them".    

Thank you. I wonder how many more CLAMS will be claimed. Staked ones come from the non claimed supply, are they created from nowhere or how does it work?

Worth less, a lower amount, not nothing.

[chilly2k]

The only question is about clam price if it will be stable without doubt it is a great invest

Buying CLAM seems to be like buying Just Dice shares. The problem is that we don't know how many CLAMS will be claimed in the future, making them worth less.

   First you can type getinfo on the console in the clam QT wallet to get the active supply.

Currently there are 690K active.  Those are dug up, and staked clams that are in circulation.  
The total potential money supply is currently  15,147K  

   Now you know how many clams could be claimed, so are they now worth something?  

By your logic (not knowing the true money supply) all crypto is worthless.  

   Sorry, but maybe I took your comment wrong.  If you meant worth less then something else, and not worthless, as in having no value.  I apologize..      

As with anything in the world, clams are worth "what someone is willing to pay for them".    

Thank you. I wonder how many more CLAMS will be claimed. Staked ones come from the non claimed supply, are they created from nowhere or how does it work?

Worth less, a lower amount, not nothing.

   Clams are POS (proof of stake) So to keep the network moving Wallets that have clams are able to stake those clams for stake rewards.  Each time a block is found a 1 clam reward is given to the finder.  Also the finder gets any fees from the found block.  The more clams you have the better the chance to stake, and get the reward.  So the staked clams are actually just part of the coins inflation.  1440 per day are created (1 minute block times).  This is a lot less then most coins.

    

[dooglus]

I estimate that coins in the JD bankroll make about 0.2% per day just from staking. Any loans made would presumably have to charge at least that much.

which also had some serious implications since the interest rate for btc is around 0.04%, for dash is around 0.03% and for xmr is 0.004 % (!)

CLAM is proof of stake. Everyone holding it has the opportunity to stake it and get that 0.2% interest per day. So while it is a kind of inflation, it is a fairly distributed inflation. It should still lead to the price per CLAM decreasing, but in step with the money supply increasing. The net result should be that the value in any particular staking wallet stays about the same.

Compare this to the dollar or other fiat currency, where the new coins aren't distributed to the current holders fairly. Your dollars become a smaller and smaller percentage of the money supply each time new dollars are issued, since none of them are being issued to you.

[dooglus]

TigerTatas finally hit a losing streak.

See the legendary Does martingale really works? thread for a chart etc.

His loss sent the site profit to a new all-time high, breaking us out of a 3 week lull:



Cyyy screenshotted the tail end of his losing streak:



The question now is whether he will write the loss off, or continue trying to find the end of the streak.

[chriswen]

ooh 9% martingale is difficult.

Now the question is whether to increase my leverage or to decrease it.

Invested looks a bit lower today.

[chriswen]

Also at 289,704,622 bets.  Getting close to 300 million.

Anyone know what velocity is at nowadays?