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

[dooglus]

Trying to do the math on the Proof-Of-Chain distribution.
CLAMS has a total POSSIBLE distribution of 15 Million.
I think that is not taking everything into consideration, however.
Actual Total Distribution = Total Possible - Lost BTC/LTC/DOGE privateKeys - Destroyed BTC/LTC/DOGE privateKeys - Un-Redeemed BTC/LTC/DOGE privateKeys
The question is, what does that mean?
I would expect the total distribution of CLAMS to be EXREMELY LESS than 15 Million at any given time.  In order to get to the full 15 Million possible distribution it would have to be one of if not THE world's leading crypto-currency.
Mining inflation normally destroys coins.
For every coin created by mining, there must be an equal in-flow of dollars of demand.  If there isn't then the value of the coin drops.
With CLAMS, there is no mining and only 1% Proof-Of-Stake.
So each unit of demand should only be counter-acted by new users who redeem their CLAMS.  And, new users who redeem their CLAMS are in and of themselves a source of demand.
If you add to that equation the kHashier.com multi-pool, which has been stacking BTC while waiting for the markets to adopt and have a stable market for CLAMS.....
I still think those who dump their CLAMS immediately after redeeming, or those who don't keep an eye on this one will deeply regret it.
I don't see a single negative when the economics are considered.
Just my two-cents.

^^ We think all of those assumptions are reasonable.
We designed CLAMS with the idea that inflation cause by claiming CLAMS would correlate to and be counter-balanced with an increase in demand.
The idea was to create stability, instead of the extreme mining pump and dump inflation cycle.
You seem intelligent, and we are glad you agree

I think people will look back on these posts in some months and wonder how the hell they missed it.  Maybe not.  But with all the billion coin supply cryptos, it is rare to see one that makes economic and adoption sense.

More Users = More Coins.

So simple, yet it makes so much sense.

If this one ever catches fire, watch out world.

Now I'm confused. Aren't you two the same person?

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[dooglus]

Aww Doog, that's not an appropriate analogy. In context, his statement was about dismissing the threat of JD being over 70% of all CLAM holders because all the money on JD belongs to investors, not you, which as we both know is not a salient point re: CLAM concentration. To use your analogy, my claim to "ownership" of the car in your example is completely irrelevant to your ability to smash it into the wall after I hand you the keys. No one is disputing the legal/moral claim to ownership of the coins on JD, but the ability to control them is what is in question. If you don't like the term "ownership," substitute it with Custody, which is what it's called in the financial world. That reflects that you don't rightfully own it, but you have full ability to control it.

I think the analogy works just fine. I don't own the borrowed car, but can totally drive it into a wall if I want to.

Custody works better, yes.

My tone on this page and the last may seem more antagonistic than it really is, doog, but this is typical open source rhetoric - we're not all coders.

And that's typical open source rebuttal. Nobody says you have to write the code yourself. You can pay someone to write it for you.

What you can't reasonably do is expect "the higher ups" to write it for you.

[SuperClam]

Trying to do the math on the Proof-Of-Chain distribution.
CLAMS has a total POSSIBLE distribution of 15 Million.
I think that is not taking everything into consideration, however.
Actual Total Distribution = Total Possible - Lost BTC/LTC/DOGE privateKeys - Destroyed BTC/LTC/DOGE privateKeys - Un-Redeemed BTC/LTC/DOGE privateKeys
The question is, what does that mean?
I would expect the total distribution of CLAMS to be EXREMELY LESS than 15 Million at any given time.  In order to get to the full 15 Million possible distribution it would have to be one of if not THE world's leading crypto-currency.
Mining inflation normally destroys coins.
For every coin created by mining, there must be an equal in-flow of dollars of demand.  If there isn't then the value of the coin drops.
With CLAMS, there is no mining and only 1% Proof-Of-Stake.
So each unit of demand should only be counter-acted by new users who redeem their CLAMS.  And, new users who redeem their CLAMS are in and of themselves a source of demand.
If you add to that equation the kHashier.com multi-pool, which has been stacking BTC while waiting for the markets to adopt and have a stable market for CLAMS.....
I still think those who dump their CLAMS immediately after redeeming, or those who don't keep an eye on this one will deeply regret it.
I don't see a single negative when the economics are considered.
Just my two-cents.

^^ We think all of those assumptions are reasonable.
We designed CLAMS with the idea that inflation cause by claiming CLAMS would correlate to and be counter-balanced with an increase in demand.
The idea was to create stability, instead of the extreme mining pump and dump inflation cycle.
You seem intelligent, and we are glad you agree

I think people will look back on these posts in some months and wonder how the hell they missed it.  Maybe not.  But with all the billion coin supply cryptos, it is rare to see one that makes economic and adoption sense.
More Users = More Coins.
So simple, yet it makes so much sense.
If this one ever catches fire, watch out world.

Now I'm confused. Aren't you two the same person?

SuperClam was much more of a 'combined' account around the launch of CLAM, with all of the messages being cross-pasted back and forth and cross-edited.

You've uncovered two super-secret treasures:

• A cross-compliment between xploited and I, and
• A failed attempt to bump the thread so people actual found out about CLAM

[danonthehill]

Dooglus noticed this and was smart to figure out the total coins that I have yet to dig. He posted a comment on this thread and THAT was the reason why the price dumped hard. That's how markets work. Oh, and the chat about forking the coin made the price dump even harder.

Told ya....played like a violin.

[clf99]

i have stupid questions.  where do i ask those?  such as why does my client say spendable 300 stake 0?

[SuperClam]

i have stupid questions.  where do i ask those?  such as why does my client say spendable 300 stake 0?

Stop into freenode IRC, #clams. 
Talk to creativeCLAM.

Happy to walk you through basic usage

[P-Funk]

Ok, guys. I'm the whale digger. I can prove it if necessary.

Yes, it is true that I am digging and selling my CLAMs for BTC. Though I am not dumping hard. I usually just put asks above the market price. I rarely ever do a market sell order. So although I am adding sell pressure to the price by adding asks to the orderbook, I am not "dumping" technically. The main reason why the price crashed hard is because the fear of me dumping. This lead everyone else to dump. Unfortunately, I made a error in my digging code when I did not randomize my dig addresses. Dooglus noticed this and was smart to figure out the total coins that I have yet to dig. He posted a comment on this thread and THAT was the reason why the price dumped hard. That's how markets work. Oh, and the chat about forking the coin made the price dump even harder.

I decided Yesterday to accelerate the dig but not change my selling strategy. So I should finish digging up all my coins in a few days. Maybe that will alleviate some of the fear. Sure, I will still sell CLAM for BTC when I feel it's a good price. I am not stupid. I will not dump the price to nothing and kill the coin. The market was doing that and not me.

Ask me anything, though I may or may not answer some questions.

Howdy, glad to see the situation of uncertainty changing now! Congratulations on lucking out with Clams. I have a couple things I've been wondering:

Did you find out about Clam in August? Or did you know about it and wait until it was worth digging to you? What were your thoughts/feelings on all these seemingly worthless private keys for old empty addresses being suddenly worth good money?

How come you didn't come forward earlier? One thing that confused me about the anonymous digging was that it ultimately reduced the amount of bitcoin you'll be able to trade the Clams for.

[EGStrategies]

Isn't it a curious curiosity that your name is so similar to the creative creator of CLAM?

Congrats on digging so many CLAMs.

Some random intrusive questions - feel free not to answer any you don't like, of course:

* is this mostly all one big BTC wallet, or have you been collecting a bunch of wallets?
* is it from a real service, or was it created just for the sake of having a lot of addresses?
* how many BTC did you make so far from digging and selling?
* do you have an account on Just-Dice? I'm sure people there would like to talk to you "live"

If I was the creator of CLAM, I would not have picked a name so similar or I would just use a new account to post.
I believe that the CLAM creator was honest and did not pre-seed a lot of addresses before the launch.

What do you mean by one big wallet versus a bunch of wallets. Wallet is just a virtual concept. It holds a lot of addresses. Does it matter if I separated my addresses into multiple wallets versus 1 big one?

Sorry, but not going to answer some questions. And I do not have an account on JD.

That is one crazy coincidence that your account was made before clam and your name is what it is. Did you consider the value implications, regardless of whether you are or aren't, of using this name rather than just making a new account? I believe you btw, just saying that it's an extreme coincidence and will be perceived in a way that creates uncertainty. I guess at this point it would be pretty hard to bring CLAM's price much lower but is that something you're committed to doing? How do you value sale rate vs price (are you trying to get out fast or slow?) Are you planning on just selling and leaving or being involved in clam somehow long term?

[AltcoinScamfinder]

Howdy, glad to see the situation of uncertainty changing now! Congratulations on lucking out with Clams. I have a couple things I've been wondering:

Did you find out about Clam in August? Or did you know about it and wait until it was worth digging to you? What were your thoughts/feelings on all these seemingly worthless private keys for old empty addresses being suddenly worth good money?

How come you didn't come forward earlier? One thing that confused me about the anonymous digging was that it ultimately reduced the amount of bitcoin you'll be able to trade the Clams for.

I've found out about Clams before August and didn't think much about it because it wasn't worth much. In August, I came back to it and realized it was actually worth a lot. So decided to dig them up. I was extremely excited and happy about it obviously.

I didn't come forward earlier because I didn't know what good it would do. I think I was wrong.

Where did you get all the addresses to dig?

[Coinonomous]

Howdy, glad to see the situation of uncertainty changing now! Congratulations on lucking out with Clams. I have a couple things I've been wondering:

Did you find out about Clam in August? Or did you know about it and wait until it was worth digging to you? What were your thoughts/feelings on all these seemingly worthless private keys for old empty addresses being suddenly worth good money?

How come you didn't come forward earlier? One thing that confused me about the anonymous digging was that it ultimately reduced the amount of bitcoin you'll be able to trade the Clams for.

I've found out about Clams before August and didn't think much about it because it wasn't worth much. In August, I came back to it and realized it was actually worth a lot. So decided to dig them up. I was extremely excited and happy about it obviously.

I didn't come forward earlier because I didn't know what good it would do. I think I was wrong.

Hey, we all do what we think is best at the time, fuck it. At least you came forward at all, otherwise, everyone would be dumping right? (I don't even own any anymore, but following the thread still).

cheers.

[AltcoinScamfinder]

That is one crazy coincidence that your account was made before clam and your name is what it is. Did you consider the value implications, regardless of whether you are or aren't, of using this name rather than just making a new account? I believe you btw, just saying that it's an extreme coincidence and will be perceived in a way that creates uncertainty. I guess at this point it would be pretty hard to bring CLAM's price much lower but is that something you're committed to doing? How do you value sale rate vs price (are you trying to get out fast or slow?) Are you planning on just selling and leaving or being involved in clam somehow long term?

It's not a crazy to have an account earlier than the birth of clams. And I'm not sure why you think the name curious is close to creative. Sure, they both start with a c. And no, it did not occur to me that it would create uncertainty and that I should use a new account.

I am not committed to decreasing the price of clam. I obviously want the price to go back up. So hopefully, by coming forward, it can help the price.

I am selling relatively slowly. Basically what the market can bear. The recent drop was because of the fear of me dumping and not because my selling actually caused it.

I probably will stick around. Clam is one of the few good altcoins. I was disappointed to see people wanting to change the rules because of me. That would kill the coin a lot quicker than anything I could do. When I'm done selling, the price will recover. But if you change the rules, you lose trust and clams will just become like all the other scamcoins.

Not exactly unbiased to claim that Clam would die if we changed the rules, coming from someone that is gaming the current system to make $100,000s..

[doothewop]

coming from someone that is gaming the current system to make $100,000s..

What are you, kidding?  Do you even know what the system is?

If you had a bunch of funded addresses, I suppose you wouldn't dig them up?

[seedtrue]

Not exactly unbiased to claim that Clam would die if we changed the rules, coming from someone that is gaming the current system to make $100,000s..

It's pretty unbiased. Changing rules for Clam will not have any affect on me liquidating my clams. You can't make the change without a hardfork and you need at least a couple weeks (if not months) to do the hardfork. I can always accelerate my digging if that's the case. Which you can see, I'm doing right now.

A I wrong in assuming most of these addresses were funded from faucets originally? When the digging started I had analyzed a few of the addresses, and that is the conclusion I came to. Looking over the 2 addresses you signed, I am still under the same assumption.

[SuperClam]

A I wrong in assuming most of these addresses were funded from faucets originally? When the digging started I had analyzed a few of the addresses, and that is the conclusion I came to. Looking over the 2 addresses you signed, I am still under the same assumption.

I won't say, but wouldn't it be so sad if I was just scamming faucet payouts for tiny amounts of bitcoin. And those faucets payout didn't make me much but it made me a ton of clams!

Why not stake your bounty; and, set-up a host of bounties to ensure a growth in value over time?

Plenty of areas CLAM could use bounties and work, such as privacy, services, etc.

[jpcfan]

thank god BAC isnt the digger.




j/k BAC

[dooglus]

Clam is one of the few good altcoins. I was disappointed to see people wanting to change the rules because of me. That would kill the coin a lot quicker than anything I could do. When I'm done selling, the price will recover. But if you change the rules, you lose trust and clams will just become like all the other scamcoins.

THIS.

Well, I don't think so.

When he's done selling, someone else will (eventually) start. There are another 14 million or so undug CLAMs out there.

I think a lot of what separates CLAM from "all the other scamcoins" is that an established service requires its use. That is the case whether or not the rules change.

[alrachid]

Having a digger reveal himself gave me 0% more trust in this coin. All seems fishy to me, like there is more to the story.

[dooglus]

Having a digger reveal himself gave me 0% more trust in this coin. All seems fishy to me, like there is more to the story.

I don't understand how it could have given anyone any more confidence. We already knew he existed. I don't think we've learned anything new.

[marilyn4325]

Having a digger reveal himself gave me 0% more trust in this coin. All seems fishy to me, like there is more to the story.

I don't understand how it could have given anyone any more confidence. We already knew he existed. I don't think we've learned anything new.

We've learned that he doesn't do big dumps and crash the price too much (at least he says that), and we can be more sure of some upper limit of how much more CLAMs are going to be sold at Poloniex in the near future, if no other whale finds some coins.

[jpcfan]

Having a digger reveal himself gave me 0% more trust in this coin. All seems fishy to me, like there is more to the story.

I don't understand how it could have given anyone any more confidence. We already knew he existed. I don't think we've learned anything new.

We've learned that he doesn't do big dumps and crash the price too much (at least he says that), and we can be more sure of some upper limit of how much more CLAMs are going to be sold at Poloniex in the near future, if no other whale finds some coins.

before the digger started clam was $3.83 now its at $0.43