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

[seedtrue]

Is nobody else concerned with the price these days? Noticed someone cleared out a bunch of the buy orders.

I think the problem is not many people know about clams, or they think it is the same coin as the defunct coin that shares the name. This is why I was pushing for more exchanges. If nothing else it will be a form of advertising. I tried to get it added to c-cex voting list, but the other clams is still on there so it did not work out.

[SuperClam]

Is nobody else concerned with the price these days? Noticed someone cleared out a bunch of the buy orders.

I think the problem is not many people know about clams, or they think it is the same coin as the defunct coin that shares the name. This is why I was pushing for more exchanges. If nothing else it will be a form of advertising. I tried to get it added to c-cex voting list, but the other clams is still on there so it did not work out.

The 'getCLAMS' people are an unfortunate situation.

They launched after us, and it appears they didn't even bother doing a cursory check to see if the name was taken.
At least the ticker symbol is different.

Alas, it is a free world.

[Zer0Sum]

Is nobody else concerned with the price these days? Noticed someone cleared out a bunch of the buy orders.

I think the problem is not many people know about clams, or they think it is the same coin as the defunct coin that shares the name. This is why I was pushing for more exchanges. If nothing else it will be a form of advertising. I tried to get it added to c-cex voting list, but the other clams is still on there so it did not work out.

The 'getCLAMS' people are an unfortunate situation.

They launched after us, and it appears they didn't even bother doing a cursory check to see if the name was taken.
At least the ticker symbol is different.

Alas, it is a free world.

What happened to the Clam Shell?

A 50% decline even on tiny volume should have rolled out the Clam Shell...
Meaning 100 or 200 size support bids just below the market... like we've seen previously.

In fact, the Clam Shell should not be predictable...
It should occasionally sweep the Order Book on the up side for no reason other than flex buying muscle.

As far as I understand...
Clam Shell buying is also the only way Pool Participants get paid....
And the Pool is not doing well because the payouts are a fraction of any other scrypt pool.

[SuperClam]

There seems to be a bit of misunderstanding as to how the CLAM Shell actually functions.

What happened to the Clam Shell?
A 50% decline even on tiny volume should have rolled out the Clam Shell...
Meaning 100 or 200 size support bids just below the market... like we've seen previously.

The CLAM Shell doesn't "roll out". 
It simply exists in the order book as buy orders.

In fact, the Clam Shell should not be predictable...
It should occasionally sweep the Order Book on the up side for no reason other than flex buying muscle.

There are no upward pushing, "moving" buy orders.
This would cause CLAMS to be purchased at above market price...
For? A pump? Not the purpose.

Clam Shell buying is also the only way Pool Participants get paid....

Not true.  The CLAM Shell is made up of exactly 25% (deposit amount * 0.25) of the pool's proceeds.

I think that would have likely been a superior idea, and was indeed the "original" idea -> why didn't we do it that way?

And the Pool is not doing well because the payouts are a fraction of any other scrypt pool.

^ This.  It is difficult enough maintaining hash @ the pool.
kHashier.com has the longest term payout system in existence.
It makes p2pool look like it was designed for instant gratification - and yet even p2pool receives complaints about the slow build up of payouts.

Crypto is a short-term mind-set community.
That is understandable; we get it.
However, the CLAMS multi-pool will NOT perform well for short-term mining or pool hopping.
It was designed to not perform well over the short-term.


Synopsis:

• The pool sells the block reward from mining for BTC, like any other multi-pool.
• The resulting BTC, minus fees is accrued at Poloniex in order to purchase CLAMS.
• 25% of arriving BTC is immediately placed into a Buy order at 75% of the highest current significant buy order.
• If the price goes up such that the buy order falls to less than 50% of the highest current significant buy order, it is canceled and placed again at 75% of the highest current significant buy order.
• If one of the buy orders is sold into, the resulting purchased CLAMS are periodically withdrawn and paid out to miners during the normal payout cycle.
• The remaining 75% of BTC arriving at Poloniex is used to place purchases of CLAMS that are periodically withdrawn and make up the normal payout cycle.
• All payouts, (25%)CLAM Shell or (75%)regular, are apportioned to miners in CLAMS based on their accrued percentage.
• This includes our fee; which we take in CLAMS.

If you have any additional questions, I am happy to answer them.

[garthkiser]

CLAMS State of the Chain

-Total number of public keys(BTC,LTC,DOGE) seen from initial distribution: 9,265
-Amount claimed from initial distribution: 42,670
-Lottery winnings: 12,534
-Staked earnings: 4021
-Total CLAMS in circulation: 59,272
-Approx. Market Cap: $30,000 USD

[SuperClam]

CLAMS State of the Chain
-Total number of public keys(BTC,LTC,DOGE) seen from initial distribution: 9,265
-Amount claimed from initial distribution: 42,670
-Lottery winnings: 12,534
-Staked earnings: 4021
-Total CLAMS in circulation: 59,272
-Approx. Market Cap: $30,000 USD

Careful with such math.

Less than 3 BTC of buys and the price would be 0.01 and the marketcap just under:
$300,000


Still, it is helpful to visualize

[Zer0Sum]

There seems to be a bit of misunderstanding as to how the CLAM Shell actually functions.

What happened to the Clam Shell?
A 50% decline even on tiny volume should have rolled out the Clam Shell...
Meaning 100 or 200 size support bids just below the market... like we've seen previously.

The CLAM Shell doesn't "roll out". 
It simply exists in the order book as buy orders.

In fact, the Clam Shell should not be predictable...
It should occasionally sweep the Order Book on the up side for no reason other than flex buying muscle.

There are no upward pushing, "moving" buy orders.
This would cause CLAMS to be purchased at above market price...
For? A pump? Not the purpose.

Clam Shell buying is also the only way Pool Participants get paid....

Not true.  The CLAM Shell is made up of exactly 25% (deposit amount * 0.25) of the pool's proceeds.

I think that would have likely been a superior idea, and was indeed the "original" idea -> why didn't we do it that way?

And the Pool is not doing well because the payouts are a fraction of any other scrypt pool.

^ This.  It is difficult enough maintaining hash @ the pool.
kHashier.com has the longest term payout system in existence.
It makes p2pool look like it was designed for instant gratification - and yet even p2pool receives complaints about the slow build up of payouts.

Crypto is a short-term mind-set community.
That is understandable; we get it.
However, the CLAMS multi-pool will NOT perform well for short-term mining or pool hopping.
It was designed to not perform well over the short-term.


Synopsis:

• The pool sells the block reward from mining for BTC, like any other multi-pool.
• The resulting BTC, minus fees is accrued at Poloniex in order to purchase CLAMS.
• 25% of arriving BTC is immediately placed into a Buy order at 75% of the highest current significant buy order.
• If the price goes up such that the buy order falls to less than 50% of the highest current significant buy order, it is canceled and placed again at 75% of the highest current significant buy order.
• If one of the buy orders is sold into, the resulting purchased CLAMS are periodically withdrawn and paid out to miners during the normal payout cycle.
• The remaining 75% of BTC arriving at Poloniex is used to place purchases of CLAMS that are periodically withdrawn and make up the normal payout cycle.
• All payouts, (25%)CLAM Shell or (75%)regular, are apportioned to miners in CLAMS based on their accrued percentage.
• This includes our fee; which we take in CLAMS.

If you have any additional questions, I am happy to answer them.

I very much appreciate your detailed response

I'm a Pro Trader on the NYSE for 20 years (millions of trades)...
And I'm #3 with about 8% on your Payouts Rankings (view it as a donation)...
Plus I have a mathematical interest in how a multipool can best support a coin's price.

Corporations often set aside billions of $$$ for share buybacks...
With the whole point = boost the share price by retiring shares and shrinking the float...
No one on Wall Street views this as a "pump"...
Because the #1 job of a CEO is to increase the share price for investors...
That's the whole point of capital markets... and Polo is a capital market.

Anyway, a fixed-in-cement algo like yours is very sub-optimal for any purpose...
It really should be a discretionary, creative program managed by an experienced trader.

[SuperClam]

We have another bounty for an enterprising CLAM out there!

Bounty:
75 CLAMS.

Title:
Create or re-purpose an open source Reddit or Twitter CLAMS tip bot.

Requirements:

• Functions as a full-service tip bot.
• Able to target certain keywords, boards, hashtags, etc. to spread the CLAM gospel.

Hope we can get this finished; I think it would be great for the CLAMS community

[fireblond]

We have another bounty for an enterprising CLAM out there!

Bounty:
Starts at 50 CLAMS.

Title:
Create or re-purpose an open source Reddit or Twitter CLAMS tip bot.

Requirements:

• Functions as a full-service tip bot.
• Able to target certain keywords, boards, hashtags, etc. to spread the CLAM gospel.

Hope we can get this finished; I think it would be great for the CLAMS community

Hey, I'm no expert coder But I found something useful that will help!
Here is the source for the tippercoin: https://github.com/BitcoinMafia/twittercoin
You can check that!

[KriszDev]

Will the --salwagewallet remove my DOGEs from my wallet?

[xploited]

Will the --salwagewallet remove my DOGEs from my wallet?

It wouldn't, no, it would remove all the info aka settings/tx data etc but your DOGE's private keys would remain.

The proper way to import a wallet now is directly thought the UI in 1.4.2.2. Doing it this way ensure's all the invalid DOGE data in the wallet.dat is removed.

--salvagewallet is more destructive and should only be used in the normal cases where you would want to use salvagewallet. 

[KriszDev]

Will the --salwagewallet remove my DOGEs from my wallet?

It wouldn't, no, it would remove all the info aka settings/tx data etc but your DOGE's private keys would remain.

The proper way to import a wallet now is directly thought the UI in 1.4.2.2. Doing it this way ensure's all the invalid DOGE data in the wallet.dat is removed.

--salvagewallet is more destructive and should only be used in the normal cases where you would want to use salvagewallet.  

So I"will not lose any DOGE? I wanna be sure before i do it.

[almightyruler]

Will the --salwagewallet remove my DOGEs from my wallet?

It wouldn't, no, it would remove all the info aka settings/tx data etc but your DOGE's private keys would remain.

The proper way to import a wallet now is directly thought the UI in 1.4.2.2. Doing it this way ensure's all the invalid DOGE data in the wallet.dat is removed.

--salvagewallet is more destructive and should only be used in the normal cases where you would want to use salvagewallet.  

So I"will not lose any DOGE? I wanna be sure before i do it.

It will change the structure of your wallet.dat, so make sure you use a copy, rather than your 'original'

As far as changing your actual DOGE balance, no, it will not affect that, because CLAMS is a separate network.

[xploited]

Will the --salwagewallet remove my DOGEs from my wallet?

It wouldn't, no, it would remove all the info aka settings/tx data etc but your DOGE's private keys would remain.

The proper way to import a wallet now is directly thought the UI in 1.4.2.2. Doing it this way ensure's all the invalid DOGE data in the wallet.dat is removed.

--salvagewallet is more destructive and should only be used in the normal cases where you would want to use salvagewallet.  

So I"will not lose any DOGE? I wanna be sure before i do it.

You 100% will not lose any of your DOGE.  

I do suggest making a backup of your original DOGE. There have been no reports of wallet.dat files being corrupted and there have been a lot of imports at this point (at least 9300+ addresses). The way the import is done now lowers that risk significantly also as the wallet you import is left untouched.. but I always suggest backing up.

[xploited]

Will the --salwagewallet remove my DOGEs from my wallet?

It wouldn't, no, it would remove all the info aka settings/tx data etc but your DOGE's private keys would remain.

The proper way to import a wallet now is directly thought the UI in 1.4.2.2. Doing it this way ensure's all the invalid DOGE data in the wallet.dat is removed.

--salvagewallet is more destructive and should only be used in the normal cases where you would want to use salvagewallet.  

So I"will not lose any DOGE? I wanna be sure before i do it.

It will change the structure of your wallet.dat, so make sure you use a copy, rather than your 'original'

As far as changing your actual DOGE balance, no, it will not affect that, because CLAMS is a separate network.

The new importwallet UI will not actually change the structure of the original wallet.dat. Its opened temporarily in memory, the keys are copied into the clams wallet and then its closed. The previous method was destructive, this however is not.

[adjiadjo]

can anyone help me how to claim clam if i'm using multibit wallet?
thx in advance

[KriszDev]

So I'm just hit "Import wallet" in the GUI client and select the DOGE wallet?

[xploited]

So I'm just hit "Import wallet" in the GUI client and select the DOGE wallet?

Thats correct. If your wallet was password protected it will ask you for the password once you select the DOGE wallet.dat file.

You client will freeze for a time (length depends on the amount of keys it is scanning) so just wait for the UI to become responsive again.

[xploited]

can anyone help me how to claim clam if i'm using multibit wallet?
thx in advance

For sure.

Goto  Tools->Export Private Keys

put in your wallet password.

Select "Do not password protect export file"

and click on  "Export to ..." to select where to put the file.

You will see lines in the file like

5K13f6J8KySKqHhvME9rweRdV21hSNkcU5ZMd4rTWXwWusPFDrx 2014-01-24T00:04:35Z

For each of those lines go to the clam client ->Help->debug->console  and use the command

importprivkey 5K13f6J8KySKqHhvME9rweRdV21hSNkcU5ZMd4rTWXwWusPFDrx

You will need to do that with each key in the file. Theres not any scripts in the wild I'm aware of to automate it.

[adjiadjo]

can anyone help me how to claim clam if i'm using multibit wallet?
thx in advance

For sure.

Goto  Tools->Export Private Keys

put in your wallet password.

Select "Do not password protect export file"

and click on  "Export to ..." to select where to put the file.

You will see lines in the file like

5K13f6J8KySKqHhvME9rweRdV21hSNkcU5ZMd4rTWXwWusPFDrx 2014-01-24T00:04:35Z

For each of those lines go to the clam client ->Help->debug->console  and use the command

importprivkey 5K13f6J8KySKqHhvME9rweRdV21hSNkcU5ZMd4rTWXwWusPFDrx

You will need to do that with each key in the file. Theres not any scripts in the wild I'm aware of to automate it.

yeah its working
thank you for helping me