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

[dooglus]

Sorry my post was badly phrased, I rephrased it. On one hand, it is likely that CLAM will be more used as time passed which is bullish for CLAM. But on the other hand right now most CLAM use is for just-dice so it is bearish for CLAM because it means CLAM high price is very dependent of one bitcoin casino and one bitcoin user dooglus.

I'm working on a feature for Just-Dice that will allow investors there to only deposit a fraction of their CLAMs and still have them all invested. It will use the CLAMs they deposit as collateral, and effectively lend them the rest to invest.

I'm hoping this will solve the issue we have with centralisation. If the biggest holders of CLAM at JD take advantage of this feature and move the majority of their balance offsite, Just-Dice should end up with way less than 50% of the CLAMs, which would be good for CLAM as a whole. Nobody wants to see over 50% of the CLAMs in a single centralised location.

On the other hand, what if as well as moving their coins offsite they also then dump them on an exchange, deciding that it's safer to hold them in BTC. That would be bad for the price, and may well end up with the coins being bought on the exchange and redeposited back onto JD by their new owners...

I guess we'll see how it goes.

I have a prototype up and running with play coins at doge-dice.com - you get 1000 free play coins when you visit, and you can get your 'loan' by typing /cold in the chat after investing.

[picolo]

i just started using this ha solo mine?

Sorry? I don't get your question. If you mean can you solo mine, then the answer is no.

Clam is a PoS coin. You earn by holding coins and keeping an unencrypted client open (or daemon).

Or on the just-dice bankroll. 1 CLAM is awarded every minute. If you have 1% of all CLAM coins you have 1% chance of getting 1 CLAM (+transactions fees) every minute.

[omahapoker]

Sorry my post was badly phrased, I rephrased it. On one hand, it is likely that CLAM will be more used as time passed which is bullish for CLAM. But on the other hand right now most CLAM use is for just-dice so it is bearish for CLAM because it means CLAM high price is very dependent of one bitcoin casino and one bitcoin user dooglus.

I'm working on a feature for Just-Dice that will allow investors there to only deposit a fraction of their CLAMs and still have them all invested. It will use the CLAMs they deposit as collateral, and effectively lend them the rest to invest.

I'm hoping this will solve the issue we have with centralisation. If the biggest holders of CLAM at JD take advantage of this feature and move the majority of their balance offsite, Just-Dice should end up with way less than 50% of the CLAMs, which would be good for CLAM as a whole. Nobody wants to see over 50% of the CLAMs in a single centralised location.

On the other hand, what if as well as moving their coins offsite they also then dump them on an exchange, deciding that it's safer to hold them in BTC. That would be bad for the price, and may well end up with the coins being bought on the exchange and redeposited back onto JD by their new owners...

I guess we'll see how it goes.

I have a prototype up and running with play coins at doge-dice.com - you get 1000 free play coins when you visit, and you can get your 'loan' by typing /cold in the chat after investing.

hope this works dooglus, seems like only select few own all clam. got to get more people aware of CLAM. and got to get more places to accept CLAM

[ranlo]

Sorry my post was badly phrased, I rephrased it. On one hand, it is likely that CLAM will be more used as time passed which is bullish for CLAM. But on the other hand right now most CLAM use is for just-dice so it is bearish for CLAM because it means CLAM high price is very dependent of one bitcoin casino and one bitcoin user dooglus.

I'm working on a feature for Just-Dice that will allow investors there to only deposit a fraction of their CLAMs and still have them all invested. It will use the CLAMs they deposit as collateral, and effectively lend them the rest to invest.

I'm hoping this will solve the issue we have with centralisation. If the biggest holders of CLAM at JD take advantage of this feature and move the majority of their balance offsite, Just-Dice should end up with way less than 50% of the CLAMs, which would be good for CLAM as a whole. Nobody wants to see over 50% of the CLAMs in a single centralised location.

On the other hand, what if as well as moving their coins offsite they also then dump them on an exchange, deciding that it's safer to hold them in BTC. That would be bad for the price, and may well end up with the coins being bought on the exchange and redeposited back onto JD by their new owners...

I guess we'll see how it goes.

I have a prototype up and running with play coins at doge-dice.com - you get 1000 free play coins when you visit, and you can get your 'loan' by typing /cold in the chat after investing.

I wasn't considering people dumping, but that makes sense as well. In any case, I am thinking it's probably better to have the outcome come out now, rather than later. It will help better analyze the market and see how things are going to work out.

[picolo]

Sorry my post was badly phrased, I rephrased it. On one hand, it is likely that CLAM will be more used as time passed which is bullish for CLAM. But on the other hand right now most CLAM use is for just-dice so it is bearish for CLAM because it means CLAM high price is very dependent of one bitcoin casino and one bitcoin user dooglus.

I'm working on a feature for Just-Dice that will allow investors there to only deposit a fraction of their CLAMs and still have them all invested. It will use the CLAMs they deposit as collateral, and effectively lend them the rest to invest.

I'm hoping this will solve the issue we have with centralisation. If the biggest holders of CLAM at JD take advantage of this feature and move the majority of their balance offsite, Just-Dice should end up with way less than 50% of the CLAMs, which would be good for CLAM as a whole. Nobody wants to see over 50% of the CLAMs in a single centralised location.

On the other hand, what if as well as moving their coins offsite they also then dump them on an exchange, deciding that it's safer to hold them in BTC. That would be bad for the price, and may well end up with the coins being bought on the exchange and redeposited back onto JD by their new owners...

I guess we'll see how it goes.

I have a prototype up and running with play coins at doge-dice.com - you get 1000 free play coins when you visit, and you can get your 'loan' by typing /cold in the chat after investing.

I wasn't considering people dumping, but that makes sense as well. In any case, I am thinking it's probably better to have the outcome come out now, rather than later. It will help better analyze the market and see how things are going to work out.

doge-coin now redirects to just-dice.
The new feature will allow potential bigger profit so it could be bullish for CLAM Some investors will get burn and lose their CLAM which means they will have to buy more CLAM to re-invest.

[cloverme]

I'm working on a feature for Just-Dice that will allow investors there to only deposit a fraction of their CLAMs and still have them all invested. It will use the CLAMs they deposit as collateral, and effectively lend them the rest to invest.

I'm hoping this will solve the issue we have with centralisation. If the biggest holders of CLAM at JD take advantage of this feature and move the majority of their balance offsite, Just-Dice should end up with way less than 50% of the CLAMs, which would be good for CLAM as a whole. Nobody wants to see over 50% of the CLAMs in a single centralised location.

On the other hand, what if as well as moving their coins offsite they also then dump them on an exchange, deciding that it's safer to hold them in BTC. That would be bad for the price, and may well end up with the coins being bought on the exchange and redeposited back onto JD by their new owners...

I guess we'll see how it goes.

I have a prototype up and running with play coins at doge-dice.com - you get 1000 free play coins when you visit, and you can get your 'loan' by typing /cold in the chat after investing.

I've been trying to follow the /cold feature that you're working on adding, but I guess I'm a little confused. I applaud the feature to reduce the centralized risk, I think it's brilliant. The part that i'm confused about is the trust part since it looks like you don't do a recurring check to see if the public address still has funds with it. So, what prevents people from lying about what they have and earning against that?  Maybe I misunderstood.

[dooglus]

The part that i'm confused about is the trust part since it looks like you don't do a recurring check to see if the public address still has funds with it. So, what prevents people from lying about what they have and earning against that?  Maybe I misunderstood.

I don't check that you have any funds other than those you deposited.

When the coins you deposited and invested are no longer sufficient to cover the loss you would incur if a max-profit bet was won, your "offsite investment" is immediately zeroed.

In other words, your offsite investment is used to increase the rate at which your onsite investment grows and shrinks, but you're never allowed to run up a negative balance.

[osoverflow]

May I ask you what are the requirements to mint with PoS? I read that the funds should be about 8 hours old, but I didn't catch if there is a minimum amount to have in an address to be able to stake a block.

Thank you

[Vortex20000]

May I ask you what are the requirements to mint with PoS? I read that the funds should be about 8 hours old, but I didn't catch if there is a minimum amount to have in an address to be able to stake a block.

Thank you

No minimum, in fact, you can mint with 0 coins if I've got my head around the concept.

To be safe, have one [coin].

[Vortex20000]

I'll be modifying this **Bitcoin** faucet I just made for CLAM and then we'll have another CLAM faucet/earning site.

[CryptoStar]

Hi community. Need some help. I use my dodge wallet ( DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr ) created January 2014. Go import and nothing( is it lottery or any wallet can claim coins?). Then I try put wallet in clam Appdata directory and after start wallet receive Warning: error reading wallet.dat!
Any idea? Thank You

[picolo]

Hi community. Need some help. I use my dodge wallet ( DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr ) created January 2014. Go import and nothing( is it lottery or any wallet can claim coins?). Then I try put wallet in clam Appdata directory and after start wallet receive Warning: error reading wallet.dat!
Any idea? Thank You

All non-dust BTC LTC and DOGE addresses present on the moment of the distribution (May 2013) have received CLAM. You can check if your DOGE addresses have CLAM on the just-dice chat, more informations on the just-dice FAQ.

[BayAreaCoins]

Hi community. Need some help. I use my dodge wallet ( DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr ) created January 2014. Go import and nothing( is it lottery or any wallet can claim coins?). Then I try put wallet in clam Appdata directory and after start wallet receive Warning: error reading wallet.dat!
Any idea? Thank You

All non-dust BTC LTC and DOGE addresses present on the moment of the distribution (May 2013) have received CLAM. You can check if your DOGE addresses have CLAM on the just-dice chat, more informations on the just-dice FAQ.

2014*

[SuperClam]

Hi community. Need some help. I use my dodge wallet ( DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr ) created January 2014. Go import and nothing( is it lottery or any wallet can claim coins?). Then I try put wallet in clam Appdata directory and after start wallet receive Warning: error reading wallet.dat!
Any idea? Thank You

Back-up all wallet.dat files before proceeding.
It is also recommended that wallet.dat files be retired before importing.

Click "File" -> "Import Wallet", then browse to the location of the wallet.dat file.

This ensures that the meta data associated with irrelevant transactions is not imported and also should initiate a rescan.

Once the client is sync'd past block 10k, you will see your CLAMS.

[picolo]

Hi community. Need some help. I use my dodge wallet ( DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr ) created January 2014. Go import and nothing( is it lottery or any wallet can claim coins?). Then I try put wallet in clam Appdata directory and after start wallet receive Warning: error reading wallet.dat!
Any idea? Thank You

All non-dust BTC LTC and DOGE addresses present on the moment of the distribution (May 2013) have received CLAM. You can check if your DOGE addresses have CLAM on the just-dice chat, more informations on the just-dice FAQ.

2014*

Yes! And 1440 new CLAM are created everyday.

[istvandv]

Hi community. Need some help. I use my dodge wallet ( DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr ) created January 2014. Go import and nothing( is it lottery or any wallet can claim coins?). Then I try put wallet in clam Appdata directory and after start wallet receive Warning: error reading wallet.dat!
Any idea? Thank You

you have clams waiting for you, i just checked:

<+SuperClam> DRiRh7H8Rho4ipFeg7PaJeA5n5iaq7Uajr was included in initial distrubution
<+SuperClam> current status: unspent

[Darwerft]

The part that i'm confused about is the trust part since it looks like you don't do a recurring check to see if the public address still has funds with it. So, what prevents people from lying about what they have and earning against that?  Maybe I misunderstood.

I don't check that you have any funds other than those you deposited.

When the coins you deposited and invested are no longer sufficient to cover the loss you would incur if a max-profit bet was won, your "offsite investment" is immediately zeroed.

In other words, your offsite investment is used to increase the rate at which your onsite investment grows and shrinks, but you're never allowed to run up a negative balance.

As I understand it you are implementing optional kelly control. Isnt that just what you are doing?

[shawn2025]

Then I try put wallet in clam Appdata directory and after start wallet receive Warning: error reading wallet.dat!
Any idea? Thank You

Ya, I had a similar problem with my Clam Mac Client.  For me, it saw the Clams on restart, however as I was on support chat with Clam tech, he said "Rescan".  But alas, I found a hefty amount of Clam and I need not rescan.  It's worth it. 

I actually mined 5 coins since that time.  Having missed out on the mining phase of crypto so last year, finding an extra coin in my client in the morning is quite rewarding! 

Good luck fellow Shibe and Cheers! 

/s/

[allejuppa]

Ya, I had a similar problem with my Clam Mac Client.  For me, it saw the Clams on restart, however as I was on support chat with Clam tech, he said "Rescan".  But alas, I found a hefty amount of Clam and I need not rescan.  It's worth it. 

I actually mined 5 coins since that time.  Having missed out on the mining phase of crypto so last year, finding an extra coin in my client in the morning is quite rewarding! 

Glad to hear you like Clam and the Mac client. It will be officially released soon.

[BayAreaCoins]

Is there a multipool for CLAM that I can direct our mining comrades to?

I think this could be helpful for stimulating the CLAM economy in a positive way.