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

[kolloh]

Yikes, that 49.31 was so close to the 49.99 cut of point.

[1714059473]

1714059473

[1714059473]

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[Faust Roland]

I think his point is that in that scenario he would be better of just staking the coins himself since the 10% he pays in staking fees is not covered by the additional revenue source of just-dice.

Oh, of course!

And he's right in that case. Even if the bankroll rewards did cover the staking fee it might still be better to stake the coins yourself to avoid the risk of losing coins to a lucky player, site hack, or doog-running-off-with-the-coins scam.

I set the staking commission high in an attempt not to monopolize CLAM staking. It hasn't worked, but at least the incentives to solo-stake are in place.

Yes, that was my point. Thanks superbit for better explanation :-)

I decided to stake myself now, just to help decentralisation of clams (as I would make more or JD with offsite 10x)

[jaysabi]

Suddenly, without warning:

You're the Japan to his whale!

[altcoinlinks2]

Suddenly, without warning:

You're the Japan to his whale!

lol thats funny but whoa thats alot of clams

[tspacepilot]

Suddenly, without warning:

You're the Japan to his whale!

Wow, site profit through roof.  Sorry for starfish, but I'm glad I went offsite max a few days ago.  Myohmy.  I think that's the largest single bet yet, isn't it? (the 25K one).

By the way, what's the latest on the changes to offsite?  Are you getting rid of it altogether?

[ClamGaming]

Damn that was a crazy loss guy has some balls for sure.

[dooglus]

I think that's the largest single bet yet, isn't it? (the 25K one).

Yeah. The previous biggest was 24k...

By the way, what's the latest on the changes to offsite?  Are you getting rid of it altogether?

I said I wouldn't reduce it below 25x until after offering a 'staking only' option.

The maximum offsite multiplier is currently at 25x.

[freedomno1]

Suddenly, without warning:

I was wondering where that came from
All of the sudden bam

(lol sent my 30x to 25x pre-change)

[Bitcoiner2015]

Suddenly, without warning:

More than $32k in no time at all! People are crazy! Oh well, 33 extra clam for me Also good to see that if he had been lucky I wouldn't be wiped out.

[jaysabi]

Hi, I did some math on my commision history and I figured out, that if you have offsite less than 6 you are paying more on the staking fees, that you make on the bankroll.

I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.

With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).

I don't know if you understand how it works or not, so I'll explain:

 1) Bankroll profits are charged 10% commission on new net profits at the end of each week.

 2) Staking profits are charged 10% commission at source.

So if in a week you earn 10 CLAMs from staking and 10 CLAMs from bankrolling, you will pay 1 CLAM commission twice and end up with 18 CLAMs profit.

You seem to be saying that if you are at offsite 6x then the staking profit is 10 times the bankroll profit, and so the commission on staking is equal to the profit from bankrolling. That may be the case, but I don't understand your point. What of it? If your bankroll profit didn't cover your staking commission you're still making a profit on both.

Currently, CLAM inflation is pretty high, and so staking rewards tend to swamp bankroll profits. The rate of inflation drops constantly, and so over time we can expect bankroll profits to become increasingly significant.

I don't know very much about this. What is the current inflation rate and how frequently does it drop? Is it at set intervals?

[andulolika]

Hi, I did some math on my commision history and I figured out, that if you have offsite less than 6 you are paying more on the staking fees, that you make on the bankroll.

I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.

With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).

I don't know if you understand how it works or not, so I'll explain:

 1) Bankroll profits are charged 10% commission on new net profits at the end of each week.

 2) Staking profits are charged 10% commission at source.

So if in a week you earn 10 CLAMs from staking and 10 CLAMs from bankrolling, you will pay 1 CLAM commission twice and end up with 18 CLAMs profit.

You seem to be saying that if you are at offsite 6x then the staking profit is 10 times the bankroll profit, and so the commission on staking is equal to the profit from bankrolling. That may be the case, but I don't understand your point. What of it? If your bankroll profit didn't cover your staking commission you're still making a profit on both.

Currently, CLAM inflation is pretty high, and so staking rewards tend to swamp bankroll profits. The rate of inflation drops constantly, and so over time we can expect bankroll profits to become increasingly significant.

I don't know very much about this. What is the current inflation rate and how frequently does it drop? Is it at set intervals?

Think that every day is staked a clam per minute, but diggers are uncommon events that you dont know when will happen and may increase the supply

[dooglus]

What is the current inflation rate and how frequently does it drop? Is it at set intervals?

There are two things that inflate the active money supply:

1) staking

2) digging

Staking: every time a new block is found, 1 new CLAM is created. The network stakes 1 block per minute on average. That's 1440 new CLAMs per day. There are currently a little less than 1.6 million CLAMs in the active money supply, so the 1440 new CLAMs created daily correspond to 0.09% inflation per day, or around 33% over the next year.

  >>> 1440.0 * 100 / 1.6e6
  0.09

  >>> 365 * 1440.0 * 100 / 1.6e6
  32.85

Digging: CLAM was initially given out free to all BTC, LTC, and DOGE holders. Most of those holders didn't claim their CLAMs, but they still can if they want to. So far only 832,961 CLAM were claimed out of around 15 million. It's possible that someone will start claiming thousands of old BTC addresses which will cause sudden massive inflation. And it's possible they won't. We just can't tell.

So how often does the inflation rate drop?

Staking: inflation is 1 CLAM per minute, but the total supply is constantly increasing, so as a percentage that 1 CLAM per minute is less each time.

Digging: it depends entirely on when people dig, and how much.

[marilyn4325]

Staking: every time a new block is found, 1 new CLAM is created. The network stakes 1 block per minute on average. That's 1440 new CLAMs per day. There are currently a little less than 1.6 million CLAMs in the active money supply, so the 1440 new CLAMs created daily correspond to 0.09% inflation per day, or around 33% over the next year.

  >>> 1440.0 * 100 / 1.6e6
  0.09

  >>> 365 * 1440.0 * 100 / 1.6e6
  32.85

Don't the staked CLAM stake again? Would mean 1.0009^365=1,389, so around 39% over the next year.

[dooglus]

Don't the staked CLAM stake again? Would mean 1.0009^365=1,389, so around 39% over the next year.

The staked CLAM stake again, but the money supply grows each time they do, so the percentage increase goes down each time. That means you need to use a simple interest calculation, not compound interest.

A simpler example:

Suppose the money supply was 100k, and 1k was staked per day for 10 days. That's 1% growth in the first day, 0.99% the 2nd day, 0.98% the 3rd day, and the rate keeps dropping each day. But after 10 days the total supply has risen 10k to 110k, which means it has grown by exactly 10%.

Does that make sense?

[Alexis]

Isn't 33% a huge inflation number?
Will staking be reduced at some point?

[dooglus]

Isn't 33% a huge inflation number?
Will staking be reduced at some point?

CLAM consensus rules are guided by CLAMour, the community petition system. If the majority want a change they'll likely get it.

The current rules specify a fixed 1 CLAM per block reward, so the inflation percentage is constantly reducing.

[TooDumbForBitcoin]

Isn't 33% a huge inflation number?
Will staking be reduced at some point?

CLAM consensus rules are guided by CLAMour, the community petition system. If the majority want a change they'll likely get it.

The current rules specify a fixed 1 CLAM per block reward, so the inflation percentage is constantly reducing.

CLAMour has a long way to go to meet the high standards of intellectual discussion and decorum on display in the block size debate.  Anonymous unlimited comment on the internet - that's the way to gauge and reach consensus.

[jaysabi]

What is the current inflation rate and how frequently does it drop? Is it at set intervals?

There are two things that inflate the active money supply:

1) staking

2) digging

Staking: every time a new block is found, 1 new CLAM is created. The network stakes 1 block per minute on average. That's 1440 new CLAMs per day. There are currently a little less than 1.6 million CLAMs in the active money supply, so the 1440 new CLAMs created daily correspond to 0.09% inflation per day, or around 33% over the next year.

  >>> 1440.0 * 100 / 1.6e6
  0.09

  >>> 365 * 1440.0 * 100 / 1.6e6
  32.85

Digging: CLAM was initially given out free to all BTC, LTC, and DOGE holders. Most of those holders didn't claim their CLAMs, but they still can if they want to. So far only 832,961 CLAM were claimed out of around 15 million. It's possible that someone will start claiming thousands of old BTC addresses which will cause sudden massive inflation. And it's possible they won't. We just can't tell.

So how often does the inflation rate drop?

Staking: inflation is 1 CLAM per minute, but the total supply is constantly increasing, so as a percentage that 1 CLAM per minute is less each time.

Digging: it depends entirely on when people dig, and how much.

Ok, turns out I knew more than I thought. I knew all of this, so when you said the inflation rate was dropping over time, I was wondering if the rate of *new* clams was dropping (as in, instead of a new clam every minute, a new clam every two minutes or half a clam per minute) so that the inflation rate slows. But I see now that you're talking about the inflation rate as a function of what already exists, not in absolute terms.

[pablotextoris]

Oh Wowzers, that was some serious money-blow-job there...

[kunac]

At these stage Just-Dice on CLAM is pointless. Imagine if you win, you will lose too much money when you try to sell CLAMs on Polo, with little volume and  lower and lower price every day.
For that reason you will still play and lose at the end. These is good for the house but still will end bad with lots of worthless CLAMs.
If you win 10.000 CLAMs you will need to sell them for half of the price. Over that amount is impossible to sell.
To put it simply; CLAM is copy-shit-coin and will ruin Just-Dice reputation.