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

[dooglus]

PrivkeyPart: LotHXdVV165XsNVtr9yV2gJEV3qwZbi59UUQtAMmtkkUGcHcY21b

08:35:56 INFO: sent 3.125 CLAM to (598917) <ri>

$0.10/kw/h

kilowatt-hour = kWh

Thanks for the correction.

*bows head in shame*

($0.10/kW)/h is just as valid as $0.10/(kWh), if less conventional, in the same way as (0.1/2)/3 is the same as 0.1/(2*3).

So don't be too ashamed...

[seedtrue]

And another 


Address: xJDCLAMZrrnxgLfXvN2Qe4J6cK9Gp3uuHk
PrivkeyPart: LopoGdZTuu8P65Mzw9FUPujtEb23vChUXka8XzrdeB7GgbnLzmma

[chilly2k]

Can someone explain what happened to the clamsprice? I thought the price crashed a bit when dental dumped part of his won clams. But that wasn't all that happened, right?

People are still worried(rightfully so) about the guy digging tons of clams. AFAIK he is only 30-40% done with digging his massive amount of btc addresses. Not sure though if anything else is in play.

   I'll throw out my theory (opinion).  

Assumptions: Digger does not follow the JD-Chat nor Bitcointalk.  ( If he did I think he would find an easier way to dispose of his clams).  

Price with the digger was holding steady between .0045 - .0055  He wasn't dumping them lower.

  So Dental wins 40K on JD.  People panic, worried that he is going to dump them all on Poloniex.  He did dump 4-6K from an earlier win.  People start dumping

and the chicken-little syndrome kicks in (sky is falling).  I believe the digger also noticed the price falling and added to the chaos.  The price dropped to around .002 before people calmed down.  

  Now most of the clams were scooped up by traders and are still on Poloniex.  As reg investors start to buy back in and move clams off the exchange the price is starting to recover..   We'll probably see the .0045 - .0055 range again in the not to distant future.  

[P-Funk]

Pattern: xJDCLAMZ                                                             
Address: xJDCLAMZBRAhGZognJfhqa5YpAobQGNTXT
PrivkeyPart: LgZo4jYamBKkqBhYvQkMKHgPnJ5br21s6vTQP9vcgrrijndTjsTS

[SebastianJu]

Can someone explain what happened to the clamsprice? I thought the price crashed a bit when dental dumped part of his won clams. But that wasn't all that happened, right?

People are still worried(rightfully so) about the guy digging tons of clams. AFAIK he is only 30-40% done with digging his massive amount of btc addresses. Not sure though if anything else is in play.

It would be smart for that person or corporation to step out, provide a signed message as proof, and claim that he is the one digging.

That surely would help preventing the clam price to drop. I mean the dropping price means his wealth goes down all the time.

[P-Funk]

That's the last from me. Telling you what equipment I'm using would be pointless because they're not operating at full efficiency. Seems using 1x to 16x PCIe risers with oclvanitygen gimps performance, plus the board has PCIe 1.0.

[TooDumbForBitcoin]

As soon as BFL delivers my Jallys, I'll help look for keys.

[dooglus]

PrivkeyPart: LjcxPmJXYxUXNnmRa5ZtXhYTMgXPF73d9JpuHUsuZieXJWCFXhGK

12:17:30 INFO: sent 1.5625 CLAM to (598917) <ri>

PrivkeyPart: LopoGdZTuu8P65Mzw9FUPujtEb23vChUXka8XzrdeB7GgbnLzmma

12:17:54 INFO: sent 0.78125 CLAM to (598917) <ri>

PrivkeyPart: LgZo4jYamBKkqBhYvQkMKHgPnJ5br21s6vTQP9vcgrrijndTjsTS

12:18:56 INFO: sent 0.390625 CLAM to <you>

Thanks guys!

[dooglus]

  I'll throw out my theory (opinion).  

[...]

  Now most of the clams were scooped up by traders and are still on Poloniex.

Except:

12:21:12 INFO: 497,454 CLAM were dug up and 592,785 CLAM were staked for a total of 1,090,238 CLAM
12:21:12 INFO: Just-Dice's onsite bankroll of 837,052 CLAM represents 76.78% of that amount

That percentage stays pretty constant, so the CLAMs weren't scooped up by traders, and are still on JD.

I suppose the traders could be storing them in the JD bankroll until the price recovers.

[chilly2k]

  I'll throw out my theory (opinion).  

[...]

  Now most of the clams were scooped up by traders and are still on Poloniex.

Except:

12:21:12 INFO: 497,454 CLAM were dug up and 592,785 CLAM were staked for a total of 1,090,238 CLAM
12:21:12 INFO: Just-Dice's onsite bankroll of 837,052 CLAM represents 76.78% of that amount

That percentage stays pretty constant, so the CLAMs weren't scooped up by traders, and are still on JD.

I suppose the traders could be storing them in the JD bankroll until the price recovers.

   That would be assuming the sold clams came from JD.  So assuming the sold clams were on poloniex to begin with (or at least not JD), and the fact the JD bankroll hasn't increased by a lot, and the fact the poloniex clams for sale has increased. 

   And yes that's a hell of a lot of assuming....     

[SuperClam]

Can someone explain what happened to the clamsprice? I thought the price crashed a bit when dental dumped part of his won clams. But that wasn't all that happened, right?

People are still worried(rightfully so) about the guy digging tons of clams. AFAIK he is only 30-40% done with digging his massive amount of btc addresses. Not sure though if anything else is in play.

It would be smart for that person or corporation to step out, provide a signed message as proof, and claim that he is the one digging.
That surely would help preventing the clam price to drop. I mean the dropping price means his wealth goes down all the time.

If they did come forward (even privately to dooglus, xploited, or I) I think there is a good chance an over-the-counter sale could be completed.

Alas, they do not seem to be doing so.

[dooglus]

If they did come forward (even privately to dooglus, xploited, or I) I think there is a good chance an over-the-counter sale could be completed.

Alas, they do not seem to be doing so.

This is the first public mention of such a proposal I have seen.

I think making a more concrete offer might help.

[SebastianJu]

So you think it's safe to assume that the clams price did find its bottom unless not big claimer wants to dump his claimed clams? No panic anymore?

Can someone explain what happened to the clamsprice? I thought the price crashed a bit when dental dumped part of his won clams. But that wasn't all that happened, right?

People are still worried(rightfully so) about the guy digging tons of clams. AFAIK he is only 30-40% done with digging his massive amount of btc addresses. Not sure though if anything else is in play.

   I'll throw out my theory (opinion).  

Assumptions: Digger does not follow the JD-Chat nor Bitcointalk.  ( If he did I think he would find an easier way to dispose of his clams).  

Price with the digger was holding steady between .0045 - .0055  He wasn't dumping them lower.

  So Dental wins 40K on JD.  People panic, worried that he is going to dump them all on Poloniex.  He did dump 4-6K from an earlier win.  People start dumping

and the chicken-little syndrome kicks in (sky is falling).  I believe the digger also noticed the price falling and added to the chaos.  The price dropped to around .002 before people calmed down.  

  Now most of the clams were scooped up by traders and are still on Poloniex.  As reg investors start to buy back in and move clams off the exchange the price is starting to recover..   We'll probably see the .0045 - .0055 range again in the not to distant future.  

[dooglus]

So you think it's safe to assume that the clams price did find its bottom unless not big claimer wants to dump his claimed clams? No panic anymore?

I wouldn't say it's "safe to assume".

Dumping 19k CLAMs on the poloniex market right now would set a new bottom.

It would be a waste of money to do it, but we've seen similar moves before by butthurt CLAM holders.

[SebastianJu]

So you think it's safe to assume that the clams price did find its bottom unless not big claimer wants to dump his claimed clams? No panic anymore?

I wouldn't say it's "safe to assume".

Dumping 19k CLAMs on the poloniex market right now would set a new bottom.

It would be a waste of money to do it, but we've seen similar moves before by butthurt CLAM holders.

A dump of 7000 could crash the prce 30%... hm... it might be that some claimers only sit there and wait for the price reach a certain level to dump their next big amount of clams. Guess it's risky times for clams now.

[Faust Roland]

Isn't the price drop caused by raising price of bitcoin?
I mean, during the first bitcoin bubble back in 2013, the alt-coin prices was bound strictly to bitcoin.
Now, some alt-coins has its own value, so when the bitcoin goes up, the exchange rate to bitcoin goes down.

BUT

We are now experiencing larger drop CLAM/BTC exchange rate if it is only following internal value of clams.
I think, that lot of "investors" when saw, that the BTC/USD price goes up, but CLAM/USD not, started selling CLAMS and started current dump.

[seedtrue]

Address: xJDCLAMZpJR8odWH3QiwdNwJkwvD6eJwzW
PrivkeyPart: LnbKQWoXucYyHcr5YZ7RHhJtRbpVhoRdKswSW62oEiJDLSMzhVMS

Address: xJDCLAMZhTbxtQYE8v65tLWr76Af3rE6RW
PrivkeyPart: LkdFZaty97gN52rMuptGUbwwRsKTJZoMsRtTzodRvTxo8vNCCWho

[Jungian]

Isn't the price drop caused by raising price of bitcoin?
I mean, during the first bitcoin bubble back in 2013, the alt-coin prices was bound strictly to bitcoin.
Now, some alt-coins has its own value, so when the bitcoin goes up, the exchange rate to bitcoin goes down.

BUT

We are now experiencing larger drop CLAM/BTC exchange rate if it is only following internal value of clams.
I think, that lot of "investors" when saw, that the BTC/USD price goes up, but CLAM/USD not, started selling CLAMS and started current dump.

No, much more probable because there is a huge digger that has proven he's willing to just dump his clams on the market, and probably is nowhere near done digging. Who wants to buy into a dumper set on getting rid of his stack?

[andulolika]

This is the first public mention of such a proposal I have seen.

I think making a more concrete offer might help.

I think i mentioned something in jd chat today, i think you should do a pool to buy up his clams and make a public offer.

It would be a waste of money to do it, but we've seen similar moves before by butthurt CLAM holders.

Haha so subtile.

Isn't the price drop caused by raising price of bitcoin?
I mean, during the first bitcoin bubble back in 2013, the alt-coin prices was bound strictly to bitcoin.
Now, some alt-coins has its own value, so when the bitcoin goes up, the exchange rate to bitcoin goes down.

BUT

We are now experiencing larger drop CLAM/BTC exchange rate if it is only following internal value of clams.
I think, that lot of "investors" when saw, that the BTC/USD price goes up, but CLAM/USD not, started selling CLAMS and started current dump.

Id say that clams are independent, people invest in clam because btc doesnt offer that kind of profit, hence the value wont go down, its likely to go up since new investors come every day. The digger is seen as problem for the economy and current investors but its temporary, it will take few months but i consider all this just a small obstruction in clam path.

[SebastianJu]

Isn't the price drop caused by raising price of bitcoin?
I mean, during the first bitcoin bubble back in 2013, the alt-coin prices was bound strictly to bitcoin.
Now, some alt-coins has its own value, so when the bitcoin goes up, the exchange rate to bitcoin goes down.

BUT

We are now experiencing larger drop CLAM/BTC exchange rate if it is only following internal value of clams.
I think, that lot of "investors" when saw, that the BTC/USD price goes up, but CLAM/USD not, started selling CLAMS and started current dump.

Unfortunately the clam price is bound to the bitcoin price, not to the USD-Price.

When i first tried to invest in clams i bought clams but had to realize that i have to keep the bitcoin price in sight. Since when the bitcoin price drops then the value of your clams drop too. If the bitcoin price goes up and the clam-btc-price stays the same then your usd-value of your clams is rising too.

There is no real connection clam-usd unfortunately. So holding clams is a risk since you always have to keep the bitcoin price in mind. If you gain 10% profit form investing your coins in just-dice and the clam-btc-price stays the same, then you can easily lose 20% in reality when bitcoin drops in price.