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

[presstab]

Finally getting some time to play with this "staketo" code of using alternative addresses in the coinstake transaction. Really a cool idea and a bit of fun to play with. +1 to you dooglus and whoever came up with this idea.

[dooglus]

Finally getting some time to play with this "staketo" code of using alternative addresses in the coinstake transaction. Really a cool idea and a bit of fun to play with. +1 to you dooglus and whoever came up with this idea.

I came up with the idea when I wanted to switch the majority of the JD coins from one staking address to another.

Moving them would have killed their age and caused a 4 hour period of no staking - so I figured I would have them move themselves over to the new address the next time they staked.

Doing this made the chart nice and smooth too. Unfortunately the chart page stopped working about a week ago, presumably because it now has too many transactions on that address - oh, but it's working again now:

[presstab]

Finally getting some time to play with this "staketo" code of using alternative addresses in the coinstake transaction. Really a cool idea and a bit of fun to play with. +1 to you dooglus and whoever came up with this idea.

I came up with the idea when I wanted to switch the majority of the JD coins from one staking address to another.

Moving them would have killed their age and caused a 4 hour period of no staking - so I figured I would have them move themselves over to the new address the next time they staked.

Doing this made the chart nice and smooth too. Unfortunately the chart page stopped working about a week ago, presumably because it now has too many transactions on that address - oh, but it's working again now:

Yeah definitely a cool idea. I have successfully done this for HYP now, and am trying to add multiple outputs to different addresses to my next stake that came in. I think I remember you having quite a few outputs sent in one of your transactions?

Concerning the chart... my HyperStake address is now starting to do this as well, so this will bump up the priority of patching up that problem

Edit: Just got that stake

[dooglus]

Yeah definitely a cool idea. I have successfully done this for HYP now, and am trying to add multiple outputs to different addresses to my next stake that came in. I think I remember you having quite a few outputs sent in one of your transactions?

For CLAM, the consensus only insists that the 1st input and 2nd output have the same pubkey when staking. Later inputs and outputs can have any pubkey you like.

I use this as a free way of tidying up the 'dust' outputs that collect in my wallets from faucets.

There's also -rewardto, which sends just the staking reward to the specified address. This would be useful if you wanted to keep your principal but send the staking income to an exchange for selling, for example.

[SuperClam]

I advice people who want to claim their free CLAMS to do it themselves.
I downloaded the clam client, waited (a long time, that's true) for sync, imported my old empty BTC wallet and got CLAMS that I sold for BTC on poloniex. But it's worth the effort
Don't use these profiteers' sites that give you dust for your BTC/LTC/DOGE addresses!

Awesome

Wish we could have convinced you to join the CLAM family; but, we are happy to hear things went well, regardless.

Hope you'll reconsider in the future 

[hermesesus]

Wish we could have convinced you to join the CLAM family; but, we are happy to hear things went well, regardless.

Hope you'll reconsider in the future 

Oh, I can still purchase CLAMs. Who knows? 

I like the "spirit" of the project: equal initial distribution and the POWS system ("staking CLAMs"). But you have to own many CLAMs in your wallet to hope for a reward.

Anyway, good luck 

[SuperClam]

Wish we could have convinced you to join the CLAM family; but, we are happy to hear things went well, regardless.
Hope you'll reconsider in the future 

Oh, I can still purchase CLAMs. Who knows? 
I like the "spirit" of the project: equal initial distribution and the POWS system ("staking CLAMs"). But you have to own many CLAMs in your wallet to hope for a reward.
Anyway, good luck 

True.

Clam IS very competitive.

But, let us ponder why.

In conventional proof-of-stake, you can save up your "age" and "claim" by staking for an interest gain at any time.
This provides a situation where inflation is distributed regardless of the contribution to the network.
Leaving the incentive structure aside (less reason to secure the network consistently), this creates a very different economic situation.

The CLAM block reward is a static amount and it is apportioned based on the individual stakers' contribution to securing the network.
What does this mean?
 
It can be assumed that not every CLAM will be staked (though our percentage actively staked is likely the highest in crypto).
In short, it allows a staker to "beat" inflation.

In my honest opinion, this makes the economics of Proof-of-Working-Stake in CLAM much more similar to Proof-Of-Work mining than the interest based Proof-Of-Stake employed by other networks.

[BayAreaCoins]

I advice people who want to claim their free CLAMS to do it themselves.
I downloaded the clam client, waited (a long time, that's true) for sync, imported my old empty BTC wallet and got CLAMS that I sold for BTC on poloniex. But it's worth the effort
Don't use these profiteers' sites that give you dust for your BTC/LTC/DOGE addresses!

Awesome

Wish we could have convinced you to join the CLAM family; but, we are happy to hear things went well, regardless.

Hope you'll reconsider in the future  

At least they have the client downloaded .



Hermesesus how did you find out about CLAM?

[Bluewaffle]

Yeah definitely a cool idea. I have successfully done this for HYP now, and am trying to add multiple outputs to different addresses to my next stake that came in. I think I remember you having quite a few outputs sent in one of your transactions?

For CLAM, the consensus only insists that the 1st input and 2nd output have the same pubkey when staking. Later inputs and outputs can have any pubkey you like.

I use this as a free way of tidying up the 'dust' outputs that collect in my wallets from faucets.

There's also -rewardto, which sends just the staking reward to the specified address. This would be useful if you wanted to keep your principal but send the staking income to an exchange for selling, for example.

Doog you dont even know about clam bro

[hermesesus]

Hermesesus how did you find out about CLAM?

Thanks to people wanting to buy empty BTC addresses
No hard feelings

[BayAreaCoins]

Hermesesus how did you find out about CLAM?

Thanks to people wanting to buy empty BTC addresses
No hard feelings

Go figure...  

Feel free to make a donation! (har har ya right)

Did you find someone trying to buy on BitcoinTalk, A-Ad-s, MellowAds, Adbit.co, CoinAds, Adwords or other?  (thanks for answering btw and feel free not to)

No hard feelings here!  Happy to see folks downloading the client.  We present it as one of our options for a reason .

[kolloh]

Dooglus,

Would you be so kind as to post an updated chart showing what percentage of the CLAMs have been given out in each distribution block similar to the one you posted about a month ago?

Thanks!

[BayAreaCoins]

Stumbled across a pretty nice Russian article this morning in regards to CLAM.

http://www.cryptonavigator.com/bitcoin/how-to-get-bitcoins/189-zarabotok-bitcoin-na-staryh-neispolzuemyh-adresah-btc-ltc-i-doge.html

[Esally]

Stumbled across a pretty nice Russian article this morning in regards to CLAM.

http://www.cryptonavigator.com/bitcoin/how-to-get-bitcoins/189-zarabotok-bitcoin-na-staryh-neispolzuemyh-adresah-btc-ltc-i-doge.html

Becareful with this, cryptonavigator is famous for spam articles. This one isn't about clam either, but "Зapaбoтoк Bitcoin" or roughly "How to make bitcoin" and doesn't promote or talk about clam but encourages people to just sell it for bitcoins on some rip off service.

[BayAreaCoins]

Stumbled across a pretty nice Russian article this morning in regards to CLAM.

http://www.cryptonavigator.com/bitcoin/how-to-get-bitcoins/189-zarabotok-bitcoin-na-staryh-neispolzuemyh-adresah-btc-ltc-i-doge.html

Becareful with this, cryptonavigator is famous for spam articles. This one isn't about clam either, but "Зapaбoтoк Bitcoin" or roughly "How to make bitcoin" and doesn't promote or talk about clam but encourages people to just sell it for bitcoins on some rip off service.

People earning Bitcoins off CLAM will be a important thing for Clamcoins long term success.

The article seems to clearly break down the pricing for the people and encourages CLIENT downloads.  (4.97 $ vs 3.77 $ vs .005 BTC at the time of their post)
 
That "rip off service" will be responsible for pushing Clamcoin into the next level.  (Also I don't think it is a rip off, but I'm fairly bias .)

If you think you can provide a better service and beat ClamChecker in the digging business... by all means get involved!

SuperClam, Is there a way we can tell how many Clients have been downloaded?  It appears to have 2 more watches.

[dooglus]

There was some 'interesting' price action on bittrex recently:





That looks a lot like someone buying 133 CLAMs for 66 BTC, with the last 6 CLAMs selling for 6 BTC. CLAM finally reached BTC-parity?

I expect it was just a costly typo - but who knows.

[dooglus]

Dooglus,

Would you be so kind as to post an updated chart showing what percentage of the CLAMs have been given out in each distribution block similar to the one you posted about a month ago?

Thanks!

That chart took multiple hours to generate, so I don't really want to do that again. It burns my fingers as I type due to the CPU getting so hot.

But I can tell you that "the digger" is down to block 7157 now. So the chart will almost certainly look the same, but with the jump from low to high happening at block 7157 instead of at a higher numbered block.

[BayAreaCoins]

CLAM hits 1 to 1 with BTC on Bittrex .

https://bittrex.com/Market/Index?MarketName=BTC-CLAM



Edit: Fuck dooglus beat me to the punch here

[freedomno1]

There was some 'interesting' price action on bittrex recently:





That looks a lot like someone buying 133 CLAMs for 66 BTC, with the last 6 CLAMs selling for 6 BTC. CLAM finally reached BTC-parity?

I expect it was just a costly typo - but who knows.

Now that was a costly typo
But now we can say that it has traded at parity with Bitcoin for a brief time somewhere

[kolloh]

Dooglus,

Would you be so kind as to post an updated chart showing what percentage of the CLAMs have been given out in each distribution block similar to the one you posted about a month ago?

Thanks!

That chart took multiple hours to generate, so I don't really want to do that again. It burns my fingers as I type due to the CPU getting so hot.

But I can tell you that "the digger" is down to block 7157 now. So the chart will almost certainly look the same, but with the jump from low to high happening at block 7157 instead of at a higher numbered block.

Oh yikes, didn't realize it was that intensive lol. The block number should be enough info. Thanks!