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Author Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"  (Read 917981 times)
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creativecuriosity
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May 29, 2014, 08:41:10 AM
 #141

Trying to do the math on the Proof-Of-Chain distribution.

CLAMS has a total POSSIBLE distribution of 15 Million.

I think that is not taking everything into consideration, however.

Actual Total Distribution = Total Possible - Lost BTC/LTC/DOGE privateKeys - Destroyed BTC/LTC/DOGE privateKeys - Un-Redeemed BTC/LTC/DOGE privateKeys


The question is, what does that mean?

I would expect the total distribution of CLAMS to be EXREMELY LESS than 15 Million at any given time.  In order to get to the full 15 Million possible distribution it would have to be one of if not THE world's leading crypto-currency.

Mining inflation normally destroys coins.
For every coin created by mining, there must be an equal in-flow of dollars of demand.  If there isn't then the value of the coin drops.

With CLAMS, there is no mining and only 1% Proof-Of-Stake.
So each unit of demand should only be counter-acted by new users who redeem their CLAMS.  And, new users who redeem their CLAMS are in and of themselves a source of demand.

If you add to that equation the kHashier.com multi-pool, which has been stacking BTC while waiting for the markets to adopt and have a stable market for CLAMS.....

I still think those who dump their CLAMS immediately after redeeming, or those who don't keep an eye on this one will deeply regret it.
I don't see a single negative when the economics are considered.

Just my two-cents.

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May 29, 2014, 08:45:41 AM
 #142

Trying to do the math on the Proof-Of-Chain distribution.
CLAMS has a total POSSIBLE distribution of 15 Million.
I think that is not taking everything into consideration, however.
Actual Total Distribution = Total Possible - Lost BTC/LTC/DOGE privateKeys - Destroyed BTC/LTC/DOGE privateKeys - Un-Redeemed BTC/LTC/DOGE privateKeys
The question is, what does that mean?
I would expect the total distribution of CLAMS to be EXREMELY LESS than 15 Million at any given time.  In order to get to the full 15 Million possible distribution it would have to be one of if not THE world's leading crypto-currency.
Mining inflation normally destroys coins.
For every coin created by mining, there must be an equal in-flow of dollars of demand.  If there isn't then the value of the coin drops.
With CLAMS, there is no mining and only 1% Proof-Of-Stake.
So each unit of demand should only be counter-acted by new users who redeem their CLAMS.  And, new users who redeem their CLAMS are in and of themselves a source of demand.
If you add to that equation the kHashier.com multi-pool, which has been stacking BTC while waiting for the markets to adopt and have a stable market for CLAMS.....
I still think those who dump their CLAMS immediately after redeeming, or those who don't keep an eye on this one will deeply regret it.
I don't see a single negative when the economics are considered.
Just my two-cents.

^^ We think all of those assumptions are reasonable.

We designed CLAMS with the idea that inflation cause by claiming CLAMS would correlate to and be counter-balanced with an increase in demand.

The idea was to create stability, instead of the extreme mining pump and dump inflation cycle.

You seem intelligent, and we are glad you agree Grin

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
xploited
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May 29, 2014, 09:15:58 AM
 #143

I don't know much about economics, I'm more of a tech guy myself.. but I suspect because of the way clams were distributed the total clam distribution will trend with the total users. aka The more people that claim their Clams the more clams there will but the more demand there would be also which would possible lead to a constantly rare coin.

Should be very interesting to see this progress.

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May 29, 2014, 09:21:18 AM
 #144

Trying to do the math on the Proof-Of-Chain distribution.
CLAMS has a total POSSIBLE distribution of 15 Million.
I think that is not taking everything into consideration, however.
Actual Total Distribution = Total Possible - Lost BTC/LTC/DOGE privateKeys - Destroyed BTC/LTC/DOGE privateKeys - Un-Redeemed BTC/LTC/DOGE privateKeys
The question is, what does that mean?
I would expect the total distribution of CLAMS to be EXREMELY LESS than 15 Million at any given time.  In order to get to the full 15 Million possible distribution it would have to be one of if not THE world's leading crypto-currency.
Mining inflation normally destroys coins.
For every coin created by mining, there must be an equal in-flow of dollars of demand.  If there isn't then the value of the coin drops.
With CLAMS, there is no mining and only 1% Proof-Of-Stake.
So each unit of demand should only be counter-acted by new users who redeem their CLAMS.  And, new users who redeem their CLAMS are in and of themselves a source of demand.
If you add to that equation the kHashier.com multi-pool, which has been stacking BTC while waiting for the markets to adopt and have a stable market for CLAMS.....
I still think those who dump their CLAMS immediately after redeeming, or those who don't keep an eye on this one will deeply regret it.
I don't see a single negative when the economics are considered.
Just my two-cents.
^^ We think all of those assumptions are reasonable.
We designed CLAMS with the idea that inflation cause by claiming CLAMS would correlate to and be counter-balanced with an increase in demand.
The idea was to create stability, instead of the extreme mining pump and dump inflation cycle.
You seem intelligent, and we are glad you agree Grin
I don't know much about economics, I'm more of a tech guy myself.. but I suspect because of the way clams were distributed the total clam distribution will trend with the total users. aka The more people that claim their Clams the more clams there will but the more demand there would be also which would possible lead to a constantly rare coin.
Should be very interesting to see this progress.

I think people will look back on these posts in some months and wonder how the hell they missed it.  Maybe not.  But with all the billion coin supply cryptos, it is rare to see one that makes economic and adoption sense.

More Users = More Coins.

So simple, yet it makes so much sense.

If this one ever catches fire, watch out world.

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May 29, 2014, 09:40:06 AM
 #145

It is interesting ,
But how many coins can i get once?

 Huh

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May 29, 2014, 09:43:24 AM
 #146

It is interesting ,
But how many coins can i get once?
 Huh

That entirely depends.

Any BTC, LTC, or DOGE address that you control, that had a balance when the chain was scraped, should have been given a ~4.6 CLAM share.

So, anywhere from 0 to ~30 CLAMS would likely be average?

^^^ Just a guess, as there is no way to tell which addresses belong to which wallets.

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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May 29, 2014, 10:36:21 AM
 #147

Interresting, but should wait for the MAC OSX client Cry

Have no fear, the OSX Client will be here very soon  Wink

I hope so, really love the idea behind your coin, want to take part.
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May 29, 2014, 11:36:53 AM
 #148

Interresting, but should wait for the MAC OSX client Cry
Have no fear, the OSX Client will be here very soon  Wink
I hope so, really love the idea behind your coin, want to take part.

Thanks so much Grin

Will put a rush on it for you Grin

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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May 29, 2014, 05:23:46 PM
 #149

Interresting, but should wait for the MAC OSX client Cry
Have no fear, the OSX Client will be here very soon  Wink
I hope so, really love the idea behind your coin, want to take part.

Thanks so much Grin

Will put a rush on it for you Grin

Got one working here on OS X 10.6.

I was able to run ./Clam.app --salvagewallet successfully in a terminal window. All working fine so far, staking successfully.

Will send you a PR for the .icn file to replace BC graphic with CLAM.

Cheers,

Graham
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May 30, 2014, 12:32:43 AM
 #150

Interresting, but should wait for the MAC OSX client Cry
Have no fear, the OSX Client will be here very soon  Wink
I hope so, really love the idea behind your coin, want to take part.
Thanks so much Grin
Will put a rush on it for you Grin
Got one working here on OS X 10.6.
I was able to run ./Clam.app --salvagewallet successfully in a terminal window. All working fine so far, staking successfully.
Will send you a PR for the .icn file to replace BC graphic with CLAM.
Cheers,
Graham

Awesomeness!!

I'm sure you can understand how important security is when it comes to compiled binary files, especially a crypto like CLAMS.
As soon as our primary tech guy comes around, we will have to have a chat.

Thanks for being pro-active tho!!  Grin Grin Cheesy

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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May 30, 2014, 01:52:38 AM
 #151

Will send you a PR for the .icn file to replace BC graphic with CLAM.

Awesomeness!!
I'm sure you can understand how important security is when it comes to compiled binary files, especially a crypto like CLAMS.
As soon as our primary tech guy comes around, we will have to have a chat.

I wasn't clear. The PR is for just a clams-rebranded OS X .icns resource file to replace the existing Blackcoin one for when you compile the app.

Cheers,

Graham

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May 30, 2014, 01:56:49 AM
 #152

Will send you a PR for the .icn file to replace BC graphic with CLAM.
Awesomeness!!
I'm sure you can understand how important security is when it comes to compiled binary files, especially a crypto like CLAMS.
As soon as our primary tech guy comes around, we will have to have a chat.
I wasn't clear. The PR is for just a clams-rebranded OS X .icns resource file to replace the existing Blackcoin one for when you compile the app.
Cheers,
Graham
Hardly familiar with OSX at all, to be honest.
Which is why I should hold my tongue until the brainy ones of the operation are about Tongue

That is help none-the-less and appreciated Grin

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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May 30, 2014, 02:09:17 AM
 #153

so essentially, import private key from our doge/btc/ltc wallet to clam wallet and voila?

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May 30, 2014, 02:11:24 AM
 #154

so essentially, import private key from our doge/btc/ltc wallet to clam wallet and voila?

Yup!

Though if you import the entire wallet, don't forget to use the --salvagewallet parameter, as the additional meta-data in the wallet will gum the gears.

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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May 30, 2014, 02:20:28 AM
 #155

so essentially, import private key from our doge/btc/ltc wallet to clam wallet and voila?
Yup!
Though if you import the entire wallet, don't forget to use the --salvagewallet parameter, as the additional meta-data in the wallet will gum the gears.

I should also mention (in case someone reads this and doesn't understand how "change" addresses work) that your Bitcoin, Litecoin, Dogecoin might NOT be associated with the address you think it is.  Every time you send coins, the remaining coins of the outputs used are silently sent to what is called a "change" address.

So, we would suggest that most users import the entire wallet.

If you are an advanced user and choose to import individual keys: make sure that the keys you import were associated with your coins roughly ~2 weeks ago (which can be very difficult to ascertain).

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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May 30, 2014, 06:14:13 PM
 #156

https://twitter.com/devnullius/status/472440520405704704

Quote
@ClamClient When copying btc/ltc/doge wallet.dat to %AppData%\Clam as instructed, wouldn't I overwrite Clam's own wallet.dat??

Please explain like I'm a five year old ;p

Devvie

I support #EmpoEX https://empoex.com | @EmpoEX twitter | @devnullius
https://bitcointalk.org/index.php?topic=824587.0
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May 30, 2014, 07:48:10 PM
 #157

REMOVED AN ADVERTISEMENT FROM DEDICATEDPOOL.COM FOR A DARKCOIN POOL.

Please do not post advertisements not related to CLAMS in this thread.

Thank You.

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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May 30, 2014, 07:52:01 PM
 #158

https://twitter.com/devnullius/status/472440520405704704
Quote
@ClamClient When copying btc/ltc/doge wallet.dat to %AppData%\Clam as instructed, wouldn't I overwrite Clam's own wallet.dat??
Please explain like I'm a five year old ;p
Devvie

Sure!

Your coins are associated with privateKeys (just strings of cryptographic letters stored in the wallet.dat file).

When you first start the CLAM Client, it creates an empty (no coins) wallet.dat file in the AppData/Clam folder.

However, if you already had coins associated with that wallet.dat (privateKeys) then you want to rename the file and back-up it up in another folder!

If you have no coins associated with the wallet.dat file, then it should not matter -> However, we recommend that you always keep a secure back-up of every wallet.dat that is manually moved, renamed, or fiddled with!

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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May 31, 2014, 03:41:45 AM
 #159

I think this coin would rock the major exchanges!

I got my 9 clams!

I think they are precious than BTC Tongue
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May 31, 2014, 05:05:14 AM
 #160

I think this coin would rock the major exchanges!
I got my 9 clams!
I think they are precious than BTC Tongue

We thought the concept was quite "precious" as well Grin

Still working with a few exchanges as we speak to get listed.
At least one is looking into how to go about implementing CLAMS such that exchange held CLAMS are distributed to their users!

https://bitcointalk.org/index.php?topic=623147
Proof-Of-Chain, 100% Distributed BEFORE Launch.
Everyone who owned BTC, LTC, or DOGE at launch got free CLAMS.
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