[ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"

[dooglus]

So you're basically running a CLAMs staking pool? 

Yeah, Dooglus stake the investors fund, and get 1 or 2 CLAM per minutes. So far, JD has made 4100 CLAM just from staking.

The site has been up for a little over a week, and has seen 271k CLAM wagered. That's roughly 40k per day and with a house edge of 1% we expect to have won 1% of that, or 400 CLAMs per day.

As it happens, the site has been very lucky and won 3.37% of the wagered amount, but that's pretty much irrelevant.

The CLAM network as a whole stakes 1 block per minute on average, for 1440 CLAMs per day in block rewards. JD's bankroll wallet right now is showing:

    "weight" : 160374.82242101,
    "netstakeweight" : 213492.02905202,

ie. we are 75% of the global network staking weight

>>> 160374.82242101 * 100 / 213492.02905202
75.11981741572782

and so can expect to stake 75% of the blocks, and so earn 1080 CLAM (plus transaction fees) per day. Less than the "1 or 2 CLAM per minute" you stated - 0.75 CLAM per minute in fact on average (assuming the weight stay the same, which they won't).

So with the current rate of wagering, we expect to earn more from staking (1080 per day) than from wagering (400 per day).

So we're basically running a CLAMs staking pool! 

[dooglus]

I got that error when the pathname to the wallet.dat file contained a space. I put the file in "C:\temp\" and then it worked.

I also found that I could only successfully import wallet.dat files that are *older* than mid-May.

I've seen quite a few reports of errors opening the wallet file when importing, but this is the first time I've seen it explained.

I wonder if this is only occurring on Windows.

The initial CLAM distribution was made to all BTC, LTC, and DOGE addresses which held a non-dust balance on May 12th 2014, which explains your mid-May observation.

[istvandv]

How the hell is the network weight 21513656323222?

you have to divide it by 100,000,000

so 21513656323222 / 100000000 = 215,136.56323222

the next release will address this

[dooglus]

How the hell is the network weight 21513656323222?

you have to divide it by 100,000,000

so 21513656323222 / 100000000 = 215,136.56323222

the next release will address this

Yeah, it's in CLAM-satoshis. Probably by mistake. It's kind of arbitrary which units are used, so long as your stake and the network stake us the same units. It's more readable with a decimal point separating whole CLAMs from the satoshis though, so that's how it will be in the next release - which is coming soon by the way.

[Arsenay]

How the hell is the network weight 21513656323222?

you have to divide it by 100,000,000

so 21513656323222 / 100000000 = 215,136.56323222

the next release will address this

Yeah, it's in CLAM-satoshis. Probably by mistake. It's kind of arbitrary which units are used, so long as your stake and the network stake us the same units. It's more readable with a decimal point separating whole CLAMs from the satoshis though, so that's how it will be in the next release - which is coming soon by the way.

imho
to be honest
general release was not to be
without correcting such "basic stuff" for coins with pos
I would be easier to fix it,
  rather than explain each absurd values and "then fix".

[dooglus]

imho
to be honest
general release was not to be
without correcting such "basic stuff" for coins with pos
I would be easier to fix it,
  rather than explain each absurd values and "then fix".

I know, right.

I have a similar complaint about my height. Am I 2 metres tall or 200 centimetres? Surely they should have standardised this before my release.

My point is that the units don't matter, especially when you're just comparing one number to another.

[Arsenay]

My point is that the units don't matter, especially when you're just comparing one number to another.

when I see these deficiencies by experienced and competent people,
I think that they keep for the rest of idiots.  

time award - the absurd
weight value of coins in qt - absurd
Why would I go shove your money and wait for years as Pinocchio?))
What is the motivation?

[BayAreaCoins]

My point is that the units don't matter, especially when you're just comparing one number to another.

when I see these deficiencies by experienced and competent people,
I think that they keep for the rest of idiots.  

time award - the absurd
weight value of coins in qt - absurd
Why would I go shove your money and wait for years as Pinocchio?))
What is the motivation?

First off you should ALWAYS move your coins before claiming clams and your should ALWAYS thinking about taking what is free in life before making a investment of any kind.... this seems like DUH shit?

No one is asking for your investment, please claim your free clam and sell them by all means !

[Arsenay]

My point is that the units don't matter, especially when you're just comparing one number to another.

when I see these deficiencies by experienced and competent people,
I think that they keep for the rest of idiots.  

time award - the absurd
weight value of coins in qt - absurd
Why would I go shove your money and wait for years as Pinocchio?))
What is the motivation?

First off you should ALWAYS move your coins before claiming clams and your should ALWAYS thinking about taking what is free in life before making a investment of any kind.... this seems like DUH shit?

No one is asking for your investment, please claim your free clam and sell them by all means !

Уes, stupidity is always voluntary
Thank you that is not referred to GPL 

[Joca97]

price going up

nice to see this

its at o most 800k sat/clam

[paulc010]

My point is that the units don't matter, especially when you're just comparing one number to another.

when I see these deficiencies by experienced and competent people,
I think that they keep for the rest of idiots.  

time award - the absurd
weight value of coins in qt - absurd
Why would I go shove your money and wait for years as Pinocchio?))
What is the motivation?

Knowing the history and the limited time available to get a new wallet release out there would explain why trivial details weren't addressed - also why nobody serious about the coin actually cares (or has patched the source themselves).

[Arsenay]

My point is that the units don't matter, especially when you're just comparing one number to another.

when I see these deficiencies by experienced and competent people,
I think that they keep for the rest of idiots.  

time award - the absurd
weight value of coins in qt - absurd
Why would I go shove your money and wait for years as Pinocchio?))
What is the motivation?

Knowing the history and the limited time available to get a new wallet release out there would explain why trivial details weren't addressed - also why nobody serious about the coin actually cares (or has patched the source themselves).

src  = badly
src from git = badly
but the author has a normal version
https://bitcointalk.org/index.php?topic=623147.msg9793740#msg9793740
 and do not rush to remove minor bugs
ulterior motive is everything  

[MadGhost]

price going up

nice to see this

its at o most 800k sat/clam

yeah as the price goes up there will be more trust in the coin.

[fox19891989]

Wow, top 5 market cap coin soon.

24-hour Volume: 102.8208737 BTC / 14334.5459679 CLAM

I have a question, clam has 14 million current coin supply, why 24-hour trading volume is only 14k clams? Are whales hold the large amount of clams and they seldom trade on Polo?

[MICRO]

Wow, top 5 market cap coin soon.

24-hour Volume: 102.8208737 BTC / 14334.5459679 CLAM

I have a question, clam has 14 million current coin supply, why 24-hour trading volume is only 14k clams? Are whales hold the large amount of clams and they seldom trade on Polo?

I guess most of that 14m will never be claimed. There are not a lot of people that even know that they can claim . And also there are some that probably don't have private keys of that addyes anymore.

I think that most of it won't ever be claimed.

[Cablez]

I agree,  why should I risk my private keys for pennies or singles.  That does not make sense.   Now someone who has a lot of dust addresses with very little to lose and much to gain is another story completely.

[MICRO]

I agree,  why should I risk my private keys for pennies or singles.  That does not make sense.   Now someone who has a lot of dust addresses with very little to lose and much to gain is another story completely.

U don't risk anything. U can just make new wallet and transfer btc there , and then claim CLAMS.

Also they are working on an offline way to do it.


That said , i can't be 100% sure that they didn't count on people to share keys that they use everyday with balances. And i know 2 people that done that.

But seen the code and everything i don't think that is the case here.

I think this was just a pretty fun idea on how to create yet another alt coin that doesn't make much sense .

Dooglus liked it coz its "easy" to get and for a lot of people its free.


Im not complaining i invested 0.2 into clams at 0.0025 per clam , i sold 25 yesterday at 0.007 to get my investment back, and im still left with 75 clams that i will risk waiting for better price like 0.01 or something.

[J. J. Phillips]

Wow, top 5 market cap coin soon.

24-hour Volume: 102.8208737 BTC / 14334.5459679 CLAM

I have a question, clam has 14 million current coin supply, why 24-hour trading volume is only 14k clams? Are whales hold the large amount of clams and they seldom trade on Polo?

I guess most of that 14m will never be claimed. There are not a lot of people that even know that they can claim . And also there are some that probably don't have private keys of that addyes anymore.

I think that most of it won't ever be claimed.

I think you're probably right that most of it won't be claimed. On the other hand, I suspect there'll be a moment soon when a lot of people do notice. Then they're be a wave of digging. I doubt it'll hit 50% of them though.

This distribution scheme was brilliant. Good work to whoever came up with it.

[RD965]

So guys I just import my wallet.dat old files to the clams client and ill have free clams? (even the wallet is encrypted?)

[MICRO]

So guys I just import my wallet.dat old files to the clams client and ill have free clams? (even the wallet is encrypted?)

It needs access to all the keys in that wallet.

And there is no guarantee that u will get clams u will get them only if some of ur addresses had some balance on them in May when screen shot of blockchain was taken.