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

[tspacepilot]

Aaand it's dropping again.  

And yet, the asks spread thinner.  
Currently, 44 BTC in purchases to a price of 0.01 BTC.
At a certain point a large portion of the entire CLAM moneysupply is purchasable for a 'relatively' small amount of BTC.
Not attempting to make price predictions - simply pointing out the fact that the distribution is no less conservative.
Fundamentals haven't drastically changed with the exception of a large amount of CLAM, which already existed, coming into circulation via claims.

Need a 300 Bitcoin wall @ .001....
Someone needs to nut up and get this shit done.  (I got my bid in my service)
I'm standing tall on it and I expect other people around the project to hold firm or else all your digs are belong to Clamchecker!  

No one is going anywhere - this is our network.

When this is all finished we can thank the digger for increasing the money supply and hence the coefficient for 'market cap'

EDIT:
My 142% biased prediction that no one should pay any attention to: 5 million market cap within two months of the digger finishing 

When do you expect him to finish? Also, how do you know his total supply?

We know an upper bound on it (the amount of clams deposited in the initial distribution).  That may be large, but it's finite and in theory, it was expected to be hit sooner or later.  Everyone is fretting about uncertainty and whatnot, if someone digs up all the CLAMS, that removes uncertainty about how many are left to be dug.

[dooglus]

I find it hard sometimes to understand what you're saying.

Need a 300 Bitcoin wall @ .001....

Who needs a 300 BTC wall, and why? It sounds like you're encouraging us to buy the digger's CLAMs for more than it will be necessary to spend. Who does that benefit?

Someone needs to nut up and get this shit done.  (I got my bid in my service)

"Nut up" as in "grow a pair"? It's not fear that's stopping me from paying 0.001 for all the digger's remaining CLAMs. I think he's going to end up selling them cheaper than that. I don't see any reason to pay more than is necessary for them.

Once the price falls below 0.001 per CLAM, your offer of 0.005 BTC per private key means that you will be losing money every time someone uses your service. How many digs are you prepared to handle if you're losing 0.002 BTC for each one? Let's say the digger has 50k private keys left. Would you buy them off him for 0.005 BTC each, losing 100 BTC in the process? I think that's what you have claimed in the past, that you will continue paying 0.005 BTC per private key even if it means taking a loss.

I'm standing tall on it and I expect other people around the project to hold firm or else all your digs are belong to Clamchecker!  

"Holding firm" doesn't really mean anything. There's no reason to try to keep the price artificially high in the face of constant sell pressure. It is best to allow the price to fall so as little value as possible leaves the community. Buying private keys for over 100% of their value is even more silly than offering to buy them for less than 20% of their value.

[Noolz39]

CLAMs prise go to 0.0009 or less
see it soon

[andulolika]

Aaand it's dropping again.  

And yet, the asks spread thinner.  
Currently, 44 BTC in purchases to a price of 0.01 BTC.
At a certain point a large portion of the entire CLAM moneysupply is purchasable for a 'relatively' small amount of BTC.
Not attempting to make price predictions - simply pointing out the fact that the distribution is no less conservative.
Fundamentals haven't drastically changed with the exception of a large amount of CLAM, which already existed, coming into circulation via claims.

Need a 300 Bitcoin wall @ .001....
Someone needs to nut up and get this shit done.  (I got my bid in my service)
I'm standing tall on it and I expect other people around the project to hold firm or else all your digs are belong to Clamchecker!  

No one is going anywhere - this is our network.

When this is all finished we can thank the digger for increasing the money supply and hence the coefficient for 'market cap'

EDIT:
My 142% biased prediction that no one should pay any attention to: 5 million market cap within two months of the digger finishing  

Finally someone that agrees that this is good for clam, and for all of us who want cheap clams, after the digger we will only need to worry bout bac.

Aaand it's dropping again. 

And yet, the asks spread thinner. 
Currently, 44 BTC in purchases to a price of 0.01 BTC.

At a certain point a large portion of the entire CLAM moneysupply is purchasable for a 'relatively' small amount of BTC.
Not attempting to make price predictions - simply pointing out the fact that the distribution is no less conservative.

Fundamentals haven't drastically changed with the exception of a large amount of CLAM, which already existed, coming into circulation via claims.

Need a 300 Bitcoin wall @ .001....

Someone needs to nut up and get this shit done.  (I got my bid in my service)

I'm standing tall on it and I expect other people around the project to hold firm or else all your digs are belong to Clamchecker!   

Yeah im pretty sure there will be some support there.

[BayAreaCoins]

Once the price falls below 0.001 per CLAM, your offer of 0.005 BTC per private key means that you will be losing money every time someone uses your service. How many digs are you prepared to handle if you're losing 0.002 BTC for each one? Let's say the digger has 50k private keys left. Would you buy them off him for 0.005 BTC each, losing 100 BTC in the process? I think that's what you have claimed in the past, that you will continue paying 0.005 BTC per private key even if it means taking a loss.

We will most likely be purchasing 30,000-100,000 fresh Clamcoins at a "loss" (this could change of course because of shit going on in life & other markets... but that is my goal.)

Here is our hot for purchasing fresh clammies & paying affiliates: https://blockchain.info/address/18U3uQqGviBHAfExC8iQQE9i6mcUtkc5q8

"Holding firm" doesn't really mean anything. There's no reason to try to keep the price artificially high in the face of constant sell pressure. It is best to allow the price to fall so as little value as possible leaves the community. Buying private keys for over 100% of their value is even more silly than offering to buy them for less than 20% of their value.

Sometimes you have to "lose" today to "win" tomorrow with trading.

It reminds me when I first bought into CLAM... I "lost" over 50% because I slapped the Ask, but if I would have only sat on the Bid then I wouldn't have acquired the number of Clamcoins that I did... Well looking back at that "50% loss" I must say I'm fairly pleased .

(My earlier post wasn't intended as being shitty or anything... this market just needs some confidence and I truly feel my # is fair and accurate... I've felt that way for a while now.  I totally could be wrong of course... I'm not a know it all and time will tell I suppose.)

[BayAreaCoins]

No one is going anywhere - this is our network.

In case you forgot

https://www.youtube.com/watch?v=h4TTedpirFs

(teasing)

When this is all finished we can thank the digger for increasing the money supply and hence the coefficient for 'market cap'

I'm so happy to see you say this.

I agree 1000%.

[jpcfan]

I can add 0.001btc to that 300btc buy wall if you need me

[jpcfan]

I think we have to do something doog. like try to contact the digger and make him an offer to dig all his clam and sell it all in 1 buy from us


make him a fair deal where he doesnt have to drag this out 6 months or more.




you know i love clam. but i see clam dying if we just try to wait it out

[andulolika]

I think we have to do something doog. like try to contact the digger and make him an offer to dig all his clam and sell it all in 1 buy from us


make him a fair deal where he doesnt have to drag this out 6 months or more.




you know i love clam. but i see clam dying if we just try to wait it out

shhh we want cheap clams why yall do this lol.

[fast2fix]

I think we have to do something doog. like try to contact the digger and make him an offer to dig all his clam and sell it all in 1 buy from us


make him a fair deal where he doesnt have to drag this out 6 months or more.
you know i love clam. but i see clam dying if we just try to wait it out

shhh we want cheap clams why yall do this lol.

it's already cheap atm i don't know how much more cheaper you want lol.

[andulolika]

I think we have to do something doog. like try to contact the digger and make him an offer to dig all his clam and sell it all in 1 buy from us


make him a fair deal where he doesnt have to drag this out 6 months or more.
you know i love clam. but i see clam dying if we just try to wait it out

shhh we want cheap clams why yall do this lol.

it's already cheap atm i don't know how much more cheaper you want lol.

Yes i know, id buy them all if i could lol, the greed makes me want more but yeah it is.

[TRilon]

I can add 0.001btc to that 300btc buy wall if you need me

I think this will be very small

[SebastianJu]

We will most likely be purchasing 30,000-100,000 fresh Clamcoins at a "loss" (this could change of course because of shit going on in life & other markets... but that is my goal.)

Why don't you make your buyin rates dynamic simply? Or do you want to check how the buyin rates change with the clamprice dropping? So you can choose your perfect rate for later?

[BayAreaCoins]

Why don't you make your buyin rates dynamic simply?

There was a few concerns about making a rates dynamic:

• I don't trust these shitcoin API's and such.
• Concerns of a big digger eating our lunch and then eating the markets behind it. (Still could happen, but at least we are picking what time we set down to eat.)
• It would be more complicated to make for the gentleman who was generous to give me a shot.  I really just wanted to make it as easy and basic as possible to start.

I don't know why exactly, but I feel that .005 is a fair price per fresh address.

Or do you want to check how the buyin rates change with the clamprice dropping? So you can choose your perfect rate for later?

Honestly, the various altcoin exchange rates at this point mean very little to me.

I feel that the current Bitcoin offer (along with affiliate pay) is our perfect #.

I've had a lot of luck with CLAM and I think it's healthy to throw some back in the pot... plus I think it's kinda sweet watching people use my service and search for clammies.

Even if I lose 10% in order to be the "best" place to dig compared to Just-Dice or even the CLIENT... that would take less than a 100 days to make up in stakes I'd bet. (assuming the markets recover like I think they will once the digging market becomes stagnate again.)

[Bitcoiner2015]

I bought some at 0.006 after the first fall, I am considering buying more but do worry about having too much money invested in Altcoins.
People think it's odd having money in Bitcoin, telling them that I have significant amounts of money invested in something that was given away to people who had addresses at a certain time might make me look crazy!

I do think the price is too low at the moment though.

[smooth]

We know an upper bound on it (the amount of clams deposited in the initial distribution).  That may be large, but it's finite and in theory, it was expected to be hit sooner or later. Everyone is fretting about uncertainty and whatnot, if someone digs up all the CLAMS, that removes uncertainty about how many are left to be dug.

I never expected the actual limit to be hit and maybe not even close to it. People don't necessarily keep spent private keys around. But I certainly always expected a hell of a lot more than the current 1/2 million to be dug up. At least a few million if not eventually 10 million or more.

I agree with you that the more that are dug up now the fewer will be dug up later. I also think that the market got ahead of itself valuing CLAMs at >1 USD. That would make CLAMs a top 10 coin based on its likely supply and that doesn't make sense for a fork coin with some tweaks (even if the tweaks are generally meritorious) that it is used at exactly one web site two web sites.

Supply being dug up in response to price increases is exactly what is supposed to happen with this coin. Anyone who claims otherwise didn't understand the design

EDIT: Right after I posted, directbet announced support, so two web sites now!

[BayAreaCoins]

DirectBet is pleased to present...... Clam ...

Sweet!  Finally

Thank you very much and GL.

I think they are a worthy service to be listed in the OP.

[edmundduke]

It is really nice to see Directbet also started accepting CLAM. This hopefully spreads it around a bit. I would also be interested if it was added to the Sportsbook so +1 from me.

[jpcfan]

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im a big sportsbet bettor and i dont see you can use clam for the sportsbook. is that correct?

if it is can you add clam to your sportbook betting? i have many friends who bet and if you have clam, i can make you more rich

That is correct. Currently we accept CLAM in our Casino & Playing Wallet only.

We do have plans to add it to our Sportsbook if there will be sufficient interest.

that is good. i bet about 1btc a week on sportsbetting at a competing website. and if you add clam to sportsbook. i will use clam instead. im a big fan of CLAM

[jpcfan]

my first blackjack win with clam