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

[dannnyboy]

I just bought clams to bet on jd and this is my withdrawal from poloniex to jd. how is this possible?

http://blocktree.io/transaction/CLAM/9578cfb913a27d2d39a3616bdd184a51e71de674bfc81c80755e2ecb9b62f474

[Q7]

Just wondering what makes this coin so special in terms of coding compared to the other pos coins? Isn't this a splinter from the previous novacoin? I'm pondering on the idea to diversify my btc holdings so until i find a good reason for it, I'm going to hold my decision. Still looking at other options though.

[TheFuneral]

Just wondering what makes this coin so special in terms of coding compared to the other pos coins? Isn't this a splinter from the previous novacoin? I'm pondering on the idea to diversify my btc holdings so until i find a good reason for it, I'm going to hold my decision. Still looking at other options though.

It's special in that it's the coin dooglus chose to use for just-dice instead of bitcoin. Without that there wouldn't be much utility or any interest in it as you can see on the older price charts.

[kolloh]

I just bought clams to bet on jd and this is my withdrawal from poloniex to jd. how is this possible?

http://blocktree.io/transaction/CLAM/9578cfb913a27d2d39a3616bdd184a51e71de674bfc81c80755e2ecb9b62f474

Can you elaborate on what the issue is or what you are concerned about in this transaction?

Did you have issues receiving your coins?

[Glucose]

Just wondering what makes this coin so special in terms of coding compared to the other pos coins? Isn't this a splinter from the previous novacoin? I'm pondering on the idea to diversify my btc holdings so until i find a good reason for it, I'm going to hold my decision. Still looking at other options though.

It's special in that it's the coin dooglus chose to use for just-dice instead of bitcoin. Without that there wouldn't be much utility or any interest in it as you can see on the older price charts.

yeah, as long as JD is online, you have a "guarantee" this coin will me worth something.

But I'm affraid if JD close somehow its doors, the clams will be worth nothing in a few days.

[dannnyboy]

I just bought clams to bet on jd and this is my withdrawal from poloniex to jd. how is this possible?

http://blocktree.io/transaction/CLAM/9578cfb913a27d2d39a3616bdd184a51e71de674bfc81c80755e2ecb9b62f474

Can you elaborate on what the issue is or what you are concerned about in this transaction?

Did you have issues receiving your coins?

it looks like poloniex is digging for clams and also it sells it on the market. Imo this is a huge conflict of interests... Maybe they are the misterious digger.

[chilly2k]

I just bought clams to bet on jd and this is my withdrawal from poloniex to jd. how is this possible?

http://blocktree.io/transaction/CLAM/9578cfb913a27d2d39a3616bdd184a51e71de674bfc81c80755e2ecb9b62f474

Can you elaborate on what the issue is or what you are concerned about in this transaction?

Did you have issues receiving your coins?

it looks like poloniex is digging for clams and also it sells it on the market. Imo this is a huge conflict of interests... Maybe they are the misterious digger.

   Or...   The digger is sending his 4.6 clam outputs to poloniex...  Poloniex was the first exchange to have clams,  They had a large clam giveaway.  I thought it had to do with them digging their clams at that time. 

[dannnyboy]

and after the digger send the outputs to poloniex they remain separate in thos addresses?

[kolloh]

and after the digger send the outputs to poloniex they remain separate in thos addresses?

It actually looks like those didn't stay in their original addresses. They look to have been moved once to Polo, before they got sent to you.

[chilly2k]

and after the digger send the outputs to poloniex they remain separate in thos addresses?

   I took a quick look, and I'm no expert by a long shot.  I selected one of the 4.6 clam inputs, and that wallet had several 4.6 clam inputs, looking back at one of those, they came from the digger.  So it almost looks like the digger has several accounts on Poloniex.  That's one way around the withdrawal limits...    

   Depending on the system load on Poloniex, your deposit could be used to fund someones withdrawal, with out being merged into another address.  So just because you see a lot of 4.6 input's doesn't mean Poloniex is digging.  it only means Poloniex has a lot of clams broken up into 4.6 clam piles.  Which make sense since the digger is using Poloniex to unload.  


    This is not to say it could not be Poloniex, Just that based on them giving away clams in the beginning (via a dig???) and the fact the digger is using poloniex, makes it more unlikely.  

[tspacepilot]

it looks like poloniex is digging for clams and also it sells it on the market. Imo this is a huge conflict of interests... Maybe they are the misterious digger.

Just curious if you can say what the conflict is?  As I understand a conflict of interest, it's when someone has two (or more) competing financial interests: for example, say I am hired to regulate the oil industry in the name of the public interest and say I hold massive amounts of stock in that industry---here promoting either of my interests has a direct cost to the other.  Or say, for a smaller scale example that I am paid to police the forums and mark scammers with negative trust and at the same time I sell accounts for a living---clearly neg-repping many accounts bumps the value the accounts I sell.

In your case, poloniex sells clams, so like any other clamholder they have an interest in getting a good price on the clam they sell.  What's the conflict?  What's the other interest?

[dannnyboy]

well, if they are trading they arecompeting with their customers sincethey will not pay fees ...

[tspacepilot]

well, if they are trading they arecompeting with their customers sincethey will not pay fees ...

I guess that kinda makes sense.  But then again, imagine that any exchange owner starts trading on their own exchange, surely they don't have to pay fees to themself, but I can't really see how this hurts other customers in that marketplace.

[BayAreaCoins]

Only cost 1000 CLAMS to trade 500,000 CLAMS at poloniex.

I don't think it would be worth it for BTCE or someone like that to list yet (OKcoin ect.)

[dooglus]

I just bought clams to bet on jd and this is my withdrawal from poloniex to jd. how is this possible?

http://blocktree.io/transaction/CLAM/9578cfb913a27d2d39a3616bdd184a51e71de674bfc81c80755e2ecb9b62f474

it looks like poloniex is digging for clams and also it sells it on the market. Imo this is a huge conflict of interests... Maybe they are the misterious digger.

The transaction you linked to is spending a bunch of 4.60535574 CLAM outputs.

Digging gets you 4.60545574 CLAM outputs.

The outputs being spent are each 0.0001 CLAM less than the dig amount. The 0.0001 was spent on a transaction fee as the digger moved the outputs from his wallet to his poloniex deposit address(es).

Check the address of the first input:
  http://khashier.com/address/x9Va3QTU2Rtt9MJtv24ZY1ddUGX9tT6ypo

The digger sent 10 separate 4.6 amounts there. Outputs don't merge when they're sent to the same address. The same is true of every other Bitcoin-like coin I'm aware of.

Edit: of course, if you spend multiple outputs in a single transaction then they merge together. But he's sending them individually, in separate transactions, so they don't merge.

[jd1959]

Hi guys
good to see your keeping up the high standards of you work dooglus
As for the Poloniex question, I've never had a problem withdrawing Clams or any other POS coin. As for Crypsty totally the opposite so much so I don't trade there at all any more

Jon 

[o0o0]

hey guys/gals I bought 120 clams off cryptsy just to play with (its what I usually do with new stake coins).

I split the main address into 6 inputs of 20 clams each... its been 3 days now and I have the wallet open for staking. I read initially it was 4 hours maturity then 8 hours should get a stake or something but i'm a little confused... my weight after 3 days for a 20 clam input is only 34 but the network weight is like 800,000 or something. It says estimated 4-5 days but its said that for ages...

I guess my question is... if I want to get a stake per day what sort of input size are we looking at based on current clams out there? I looked at just dice inputs which is what I based my size on but just dice has like a shit load of the available coins like 50 percent and if all their inputs are 20 i'm thinking it'll be a long time before I stake.

Depending on return through stake on this is whether its worth me continuing with more or just selling the 120 back. Seems a bit crazy if just dices input splits can dominate the stake potential due to the sheer amount they hold of customer funds :/.

so tldr

How many clams do I need in 1 input to get a stake in 24 hours... or the shortest possible time?

[*Sakura*]

Thanks dooglus for your help with the restore access to my Just-Dice.com account. You're a real man!

[dooglus]

hey guys/gals I bought 120 clams off cryptsy just to play with (its what I usually do with new stake coins).

I split the main address into 6 inputs of 20 clams each... its been 3 days now and I have the wallet open for staking. I read initially it was 4 hours maturity then 8 hours should get a stake or something but i'm a little confused... my weight after 3 days for a 20 clam input is only 34 but the network weight is like 800,000 or something. It says estimated 4-5 days but its said that for ages...

I guess my question is... if I want to get a stake per day what sort of input size are we looking at based on current clams out there? I looked at just dice inputs which is what I based my size on but just dice has like a shit load of the available coins like 50 percent and if all their inputs are 20 i'm thinking it'll be a long time before I stake.

Depending on return through stake on this is whether its worth me continuing with more or just selling the 120 back. Seems a bit crazy if just dices input splits can dominate the stake potential due to the sheer amount they hold of customer funds :/.

so tldr

How many clams do I need in 1 input to get a stake in 24 hours... or the shortest possible time?

If the network weight is 800k, and 1 CLAM is staked each minute, that's 60*24 = 1440 stakes per day, and 800k/1440 = 555.555 is the number of CLAMs you need to expect to stake once per day.

Splitting is kind of irrelevant. It only affects your "recovery time" after staking. If your whole 120 CLAMs was in a single output, the whole 121 CLAMs would be frozen for 8 hours after it staked while it matured. If you split it into 6 sets of 20 each, only 21 CLAMs would get frozen for 8 hours and the other 5 sets of 20 would continue trying to stake.

The estimate shouldn't change much. It's not like you make "progress" towards staking. You can expect to stake every 4 or 5 days on average, but it's random. You could stake twice in a single day or you could go 10 days without staking.

[o0o0]

hey guys/gals I bought 120 clams off cryptsy just to play with (its what I usually do with new stake coins).

I split the main address into 6 inputs of 20 clams each... its been 3 days now and I have the wallet open for staking. I read initially it was 4 hours maturity then 8 hours should get a stake or something but i'm a little confused... my weight after 3 days for a 20 clam input is only 34 but the network weight is like 800,000 or something. It says estimated 4-5 days but its said that for ages...

I guess my question is... if I want to get a stake per day what sort of input size are we looking at based on current clams out there? I looked at just dice inputs which is what I based my size on but just dice has like a shit load of the available coins like 50 percent and if all their inputs are 20 i'm thinking it'll be a long time before I stake.

Depending on return through stake on this is whether its worth me continuing with more or just selling the 120 back. Seems a bit crazy if just dices input splits can dominate the stake potential due to the sheer amount they hold of customer funds :/.

so tldr

How many clams do I need in 1 input to get a stake in 24 hours... or the shortest possible time?

If the network weight is 800k, and 1 CLAM is staked each minute, that's 60*24 = 1440 stakes per day, and 800k/1440 = 555.555 is the number of CLAMs you need to expect to stake once per day.

Splitting is kind of irrelevant. It only affects your "recovery time" after staking. If your whole 120 CLAMs was in a single output, the whole 121 CLAMs would be frozen for 8 hours after it staked while it matured. If you split it into 6 sets of 20 each, only 21 CLAMs would get frozen for 8 hours and the other 5 sets of 20 would continue trying to stake.

The estimate shouldn't change much. It's not like you make "progress" towards staking. You can expect to stake every 4 or 5 days on average, but it's random. You could stake twice in a single day or you could go 10 days without staking.

I thought the point of splitting was each input stakes for a potential reward i.e. 1 clam. So if I run 20 per input and all 5 stake in say 3 days by miracle I get more return than if it was in 1 and happened in 24 hours? Am I thinking wrong?