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

[Hippie Tech]

Why haven't I ever heard about this ?
http://www.coindesk.com/poloniex-loses-12-3-bitcoins-latest-bitcoin-exchange-hack/

The hacker discovered that if you place several withdrawals all in practically the same instant, they will get processed at more or less the same time. This will result in a negative balance, but valid insertions into the database, which then get picked up by the withdrawal daemon. ~ D'Agosta

If I did not make this adjustment, people would most likely withdraw all their BTC as soon as possible in order to make sure they weren't left in that remaining 12.3%.

Does anyone else notice the same "oh noes how did that happen ??!! I'm a stupid noob and/or I got hacked" narrative ?

If I am not mistaken, Poloniex quite swiftly paid back the "12.3%" via exchange fees.
Don't quote me though, as I am not positive.
Remember hearing about it ages ago.

Let's try to stay on topic.

Right.. they gave the customers a "hair cut" then robbed them again with higher fees.. and you consider this acceptable ? GTFO lolz

I was implying that your/Dooglus' story about "the digger" sounds just as made up as Polo's. lol

Who are/were you before you made this account ? hmmm ? (we will eventually find out.. )

If I/we were to clone the original CLAM client and move the snapshot back 1 year, how many coins will you, I mean Dooglus, I mean BayAreaCoins lose ?

[dave23]

If I/we were to clone the original CLAM client and move the snapshot back 1 year, how many coins will you, I mean Dooglus, I mean BayAreaCoins lose ?

Are you suggesting that dooglus, superclam, and BayAreaCoins are the same person? or that they are working together to somehow benefit?

[DrkLvr_]

Ah, Ok. And I guess I agree. Just figured that if you were to dig what could have been $1 million worth of CLAM's, figuring out a way of doing so without crashing market price would be a priority.

Yes. Price in late August when dumps began (pre-dating any discussion here) price was 10X what it is now. Best way would have been to prop up market with BTC gains and sold slowly.

YES!!! This would be prudent and sane behavior. The fact he s not doing that and continues stubbornly dumping without any plan show you he does NOT care about CLAM and his only plan is to get as many BTC as fast as possible. He s also aware of the fact the amount of CLAM he s about to insert into the market over this short period of time is going to seriously, SERIOUSLY decimate the coin, if not kill it completely. If my hypothesis is correct, pls tell me again again why wouldn't the dev team eliminate digging? Cause the way I see it, they can choose between CLAM survival and changing the code.

If I m mistaken, pls do offer some other theory why this guy keeps dumping and crashing the price down? There s more then one way to sell your CLAM.

Lol, i can't believe what i'm hearing. You would prefer that the mega whale prop the price up while he dumps on everyone? Ask yourself what would have happened in that case.. the price would have dumped when he was finished dumping at 0.01+ BTC / coin and the propping stopped.

Your "Prudent and sane" behavior would have only delayed the inevitable dumps. the CLAM community would have paid ~$2,000,000 for his 500k CLAMS, instead of the $225,000 at current prices.

This scenario is the best for everyone except the digger. The coins are getting distributed at a much lower price. So be thankful he fucked up. Place your orders at 100k, 80k, 50k, 25k or whatever and wait until he runs out of CLAM.

[rocoro]

This scenario is the best for everyone except the digger. The coins are getting distributed at a much lower price. So be thankful he fucked up. Place your orders at 100k, 80k, 50k, 25k or whatever and wait until he runs out of CLAM.

^ This.  This is the way the coin was originally designed with its distribution.

Things are as they should be,  I agree if people don't like this coin - then find something else more suited to you.

But to go changing parameters now is just crazy and will only lead to less confidence in the coin.  (How many more times will things change??)

[AltcoinScamfinder]

Ah, Ok. And I guess I agree. Just figured that if you were to dig what could have been $1 million worth of CLAM's, figuring out a way of doing so without crashing market price would be a priority.

Yes. Price in late August when dumps began (pre-dating any discussion here) price was 10X what it is now. Best way would have been to prop up market with BTC gains and sold slowly.

YES!!! This would be prudent and sane behavior. The fact he s not doing that and continues stubbornly dumping without any plan show you he does NOT care about CLAM and his only plan is to get as many BTC as fast as possible. He s also aware of the fact the amount of CLAM he s about to insert into the market over this short period of time is going to seriously, SERIOUSLY decimate the coin, if not kill it completely. If my hypothesis is correct, pls tell me again again why wouldn't the dev team eliminate digging? Cause the way I see it, they can choose between CLAM survival and changing the code.

If I m mistaken, pls do offer some other theory why this guy keeps dumping and crashing the price down? There s more then one way to sell your CLAM.

Lol, i can't believe what i'm hearing. You would prefer that the mega whale prop the price up while he dumps on everyone? Ask yourself what would have happened in that case.. the price would have dumped when he was finished dumping at 0.01+ BTC / coin and the propping stopped.

Your "Prudent and sane" behavior would have only delayed the inevitable dumps. the CLAM community would have paid ~$2,000,000 for his 500k CLAMS, instead of the $225,000 at current prices.

This scenario is the best for everyone except the digger. The coins are getting distributed at a much lower price. So be thankful he fucked up. Place your orders at 100k, 80k, 50k, 25k or whatever and wait until he runs out of CLAM.

That's my point. Anyone with a nugget of trading smarts could have squeezed much more money out of the community over time than the digger has. Ergo, malicious intent.

[gamblingbad]

Ah, Ok. And I guess I agree. Just figured that if you were to dig what could have been $1 million worth of CLAM's, figuring out a way of doing so without crashing market price would be a priority.

Yes. Price in late August when dumps began (pre-dating any discussion here) price was 10X what it is now. Best way would have been to prop up market with BTC gains and sold slowly.

YES!!! This would be prudent and sane behavior. The fact he s not doing that and continues stubbornly dumping without any plan show you he does NOT care about CLAM and his only plan is to get as many BTC as fast as possible. He s also aware of the fact the amount of CLAM he s about to insert into the market over this short period of time is going to seriously, SERIOUSLY decimate the coin, if not kill it completely. If my hypothesis is correct, pls tell me again again why wouldn't the dev team eliminate digging? Cause the way I see it, they can choose between CLAM survival and changing the code.

If I m mistaken, pls do offer some other theory why this guy keeps dumping and crashing the price down? There s more then one way to sell your CLAM.

Lol, i can't believe what i'm hearing. You would prefer that the mega whale prop the price up while he dumps on everyone? Ask yourself what would have happened in that case.. the price would have dumped when he was finished dumping at 0.01+ BTC / coin and the propping stopped.

Your "Prudent and sane" behavior would have only delayed the inevitable dumps. the CLAM community would have paid ~$2,000,000 for his 500k CLAMS, instead of the $225,000 at current prices.

This scenario is the best for everyone except the digger. The coins are getting distributed at a much lower price. So be thankful he fucked up. Place your orders at 100k, 80k, 50k, 25k or whatever and wait until he runs out of CLAM.

clap clap clap. Finally someone logical. There is around 350 btc left of clam digger has at this price, not give the digger 1k btc.  People who bought over .01 should double up if they want ever get in profit. 

[dooglus]

Ah, Ok. And I guess I agree. Just figured that if you were to dig what could have been $1 million worth of CLAM's, figuring out a way of doing so without crashing market price would be a priority.

Yes. Price in late August when dumps began (pre-dating any discussion here) price was 10X what it is now. Best way would have been to prop up market with BTC gains and sold slowly.

YES!!! This would be prudent and sane behavior.

Lol, i can't believe what i'm hearing. You would prefer that the mega whale prop the price up while he dumps on everyone? Ask yourself what would have happened in that case.. the price would have dumped when he was finished dumping at 0.01+ BTC / coin and the propping stopped.

Your "Prudent and sane" behavior would have only delayed the inevitable dumps. the CLAM community would have paid ~$2,000,000 for his 500k CLAMS, instead of the $225,000 at current prices.

You misunderstand. He's talking about what would have been "prudent and sane behavior" *for the digger*, who presumably wants to maximize his BTC take.

If there was some way to keep the price high which he sold his stash, then of course that would have been best, *for him*. If the price of CLAM crashed immediately after, well, that doesn't matter to him since he's done at that point.

By the time I realised what was going on and warned everyone, the price had already fallen from over 0.01 to somewhere in the 0.007 - 0.008 range, and I'm sure it would have kept falling even without my warning. Nobody needs to understand the bigger picture in order for a massive increase in supply coupled with no corresponding increase in demand to cause the price to drop. At best my warning helped drop the price more quickly to minimize the amount we as a community bled to the digger.

[Cyrax89721]

Ah, Ok. And I guess I agree. Just figured that if you were to dig what could have been $1 million worth of CLAM's, figuring out a way of doing so without crashing market price would be a priority.

Yes. Price in late August when dumps began (pre-dating any discussion here) price was 10X what it is now. Best way would have been to prop up market with BTC gains and sold slowly.

YES!!! This would be prudent and sane behavior. The fact he s not doing that and continues stubbornly dumping without any plan show you he does NOT care about CLAM and his only plan is to get as many BTC as fast as possible. He s also aware of the fact the amount of CLAM he s about to insert into the market over this short period of time is going to seriously, SERIOUSLY decimate the coin, if not kill it completely. If my hypothesis is correct, pls tell me again again why wouldn't the dev team eliminate digging? Cause the way I see it, they can choose between CLAM survival and changing the code.

If I m mistaken, pls do offer some other theory why this guy keeps dumping and crashing the price down? There s more then one way to sell your CLAM.

Lol, i can't believe what i'm hearing. You would prefer that the mega whale prop the price up while he dumps on everyone? Ask yourself what would have happened in that case.. the price would have dumped when he was finished dumping at 0.01+ BTC / coin and the propping stopped.

Your "Prudent and sane" behavior would have only delayed the inevitable dumps. the CLAM community would have paid ~$2,000,000 for his 500k CLAMS, instead of the $225,000 at current prices.

This scenario is the best for everyone except the digger. The coins are getting distributed at a much lower price. So be thankful he fucked up. Place your orders at 100k, 80k, 50k, 25k or whatever and wait until he runs out of CLAM.

That's my point. Anyone with a nugget of trading smarts could have squeezed much more money out of the community over time than the digger has. Ergo, malicious intent.

It must be nice having all this brilliant intuiton.  God forbid somebody makes errors and learns from their mistakes.  Also don't forget that cryptocurrency trading is a zero sum game.

[dooglus]

I was implying that your/Dooglus' story about "the digger" sounds just as made up as Polo's. lol

I don't have a story about "the digger". Digging is happening, provably so. I pointed it out.

If I/we were to clone the original CLAM client and move the snapshot back 1 year, how many coins will you, I mean Dooglus, I mean BayAreaCoins lose ?

Ignoring the fact that if you were to make a clone of CLAM not a single fuck would be given, and not a single CLAM lost, if the snapshot had happened in May 2013 instead of in May 2014, that would have been about a month before Just-Dice first launched. I would probably have had something like 5 funded addresses instead of the ~30 I had in May 2014. So I would lose 25*4.6 = 115 CLAMs.

Are you suggesting that Creative, BAC, and I are all the same person? Do you know how silly that makes you look?

[crazyivan]

Ah, Ok. And I guess I agree. Just figured that if you were to dig what could have been $1 million worth of CLAM's, figuring out a way of doing so without crashing market price would be a priority.

Yes. Price in late August when dumps began (pre-dating any discussion here) price was 10X what it is now. Best way would have been to prop up market with BTC gains and sold slowly.

YES!!! This would be prudent and sane behavior. The fact he s not doing that and continues stubbornly dumping without any plan show you he does NOT care about CLAM and his only plan is to get as many BTC as fast as possible. He s also aware of the fact the amount of CLAM he s about to insert into the market over this short period of time is going to seriously, SERIOUSLY decimate the coin, if not kill it completely. If my hypothesis is correct, pls tell me again again why wouldn't the dev team eliminate digging? Cause the way I see it, they can choose between CLAM survival and changing the code.

If I m mistaken, pls do offer some other theory why this guy keeps dumping and crashing the price down? There s more then one way to sell your CLAM.

Lol, i can't believe what i'm hearing. You would prefer that the mega whale prop the price up while he dumps on everyone? Ask yourself what would have happened in that case.. the price would have dumped when he was finished dumping at 0.01+ BTC / coin and the propping stopped.

Your "Prudent and sane" behavior would have only delayed the inevitable dumps. the CLAM community would have paid ~$2,000,000 for his 500k CLAMS, instead of the $225,000 at current prices.

This scenario is the best for everyone except the digger. The coins are getting distributed at a much lower price. So be thankful he fucked up. Place your orders at 100k, 80k, 50k, 25k or whatever and wait until he runs out of CLAM.

I keep hearing this argument on all PoS coins forums when the price keeps tanking, for whatever reason. We should welcome this price decrase, cause we ll snatch cheap coins and when the price goes back up later, we ll be able to stake, sell them and make money. Yeah.....well.....there s just one small problem. Crypto s not growing that fast as your theory suggests.

If the current price is the position where current supply of CLAM and current demand of CLAM intersect and if he injects 350k of CLAM, which brings the price down to, let us assume 1/2 of what it is now, this means that once we have such increased number of coins staking, we ll need to double our current CLAM community to foster demand enough to get back to push the price up. Cause if current community generates current demand, this means this is the number of coins we currently need. Small increase per day in the form of CLAM staking gets offset by the increase of current demand and new people getting into the CLAM. If you significantly increase the price without matching it in increased demand, that is the number of new people getting into the CLAM or current people buying more CLAM, the price tanks. Economics 101. So, what u re saying is that once we get flooled with cheap CLAM, somehow, mysteriously, we ll be able to increase our community fast, which ll result in price bouncing back. Even if this would have happened, it would take years to do so cause Crypto s not growing as fast as we expect it to, I m sure we all feel that way. I d like to see BTC and CLAM reaching $2k by now but the number of people buying Crypto s still small and we re mostly some version of computer geeks and IT professionals being into this.

I m not saying 2 years s something people cannot wait, I m saying there are other PoS coins which do not have this problem and people can easily switch there not wanting to wait those 2 years. Also, saying, if you do not like CLAM, move to that other coin is not really a prudent advice to a member of CLAM community. Cause it s all in the number of hands wanting to buy CLAM. I used to own 5k CLAM. Cause of the digger, I dont anymore. I m sure there s ton of people around being able to create 5k CLAM demand.

[rocoro]

Due to the nature of new technology and what we've seen with cryptocurrencies - if you can't handle the price swings, you shouldn't be in it; period.

Stop whining like little bitches.

Just my opinion.

[AltcoinScamfinder]

Due to the nature of new technology and what we've seen with cryptocurrencies - if you can't handle the price swings, you shouldn't be in it; period.

Stop whining like little bitches.

Just my opinion.

You are prob quite the bitch if your coin of choice drops 90%. Just saying.

[smooth]

Due to the nature of new technology and what we've seen with cryptocurrencies - if you can't handle the price swings, you shouldn't be in it; period.

Stop whining like little bitches.

Just my opinion.

You are prob quite the bitch if your coin of choice drops 90%. Just saying.

It is down 90% from where it was during a very brief pump right before the revelation of the 'whale digger'. I find the timing of that  pump a bit suspicious, but regardless, that's not at all what most people have paid for their CLAMS. For most of the past year it traded around half that price so it is down 80% not 90%. Still a lot though.

[gamblingbad]

That's my point. Anyone with a nugget of trading smarts could have squeezed much more money out of the community over time than the digger has. Ergo, malicious intent.

You're so smart. Good for you. Not everyone has trading smarts like you to know how to increase the money supply by 50% without dropping the price. But awesome that you do. If you ever get the chance, you can manipulate the market better.

Be happy that I did not manipulate the market. Would you have preferred that I pumped and dumped the coin? And made more money from this? Jeez...

That not why u come here to manipulate market higher?

[tex99]

[snip]

I can try to convince you of the timescales. At 2015-11-13 22:51:23 the digger dug the following addresses: [x9NXaGSz] [xA9338mM] [xPWEDmTS] [xEZKQHEU] [xPosuwLa] [xNNwmVoL] [xXL7bZ5s], all of which were funded in block 5763. Click each link and check which block the addresses were funded in, and which block they were emptied in. Before that he was working on block 5764, and so on back up to the newest distribution block. If you were to dig from block 9999 back to block 5764, you would have dug 38.32% of all the distribution CLAMs. Since the whale digger's CLAMs are uniformly distributed through the initial distribution we can say with pretty good certainty that he is around 38% of the way through digging the wallet he's currently working on.

[snip]

How do you know the whale digger dug those particular addresses, and is there a way to find which Bitcoin, Litecoin or Dogecoin addresses correspond to those clam addresses?

Is there a way to get a list of all the addresses this particular whale digger has already claimed his clams from?

Is there a way to get a list of all the addresses this particular whale digger can potentially claim clams from in the future?

[gregor12]

125k clam on polo at 0.0045 btc/clam, kinda scares me when I see that most of the clams is owned by 1 person :/ , would much prefer doogcoin xD

How much clams were digged by the whale digger already? like 300k? so still 200k+ to go?

https://i.imgur.com/6c4exHZ.png

[gamblingbad]

That's my point. Anyone with a nugget of trading smarts could have squeezed much more money out of the community over time than the digger has. Ergo, malicious intent.

You're so smart. Good for you. Not everyone has trading smarts like you to know how to increase the money supply by 50% without dropping the price. But awesome that you do. If you ever get the chance, you can manipulate the market better.

Be happy that I did not manipulate the market. Would you have preferred that I pumped and dumped the coin? And made more money from this? Jeez...

everyone knows you just talk bs about why u come out and dig up all over few days

[DrkLvr_]

I keep hearing this argument on all PoS coins forums when the price keeps tanking, for whatever reason. We should welcome this price decrase, cause we ll snatch cheap coins and when the price goes back up later, we ll be able to stake, sell them and make money. Yeah.....well.....there s just one small problem. Crypto s not growing that fast as your theory suggests.

The price of alts are tanking across the board, its not unique to PoS. Alts are highly speculative.. if/when money starts flowing back, certain altcoins may outperform others.

5k is a nice amount.. i hope the buyers are happily staking their CLAMs. Someone sent 1000 to smooth's 0% staking pool today https://bitcointalk.org/index.php?topic=1200703.0 ..  maybe a few of those CLAMs were once yours  

[HolyPizza]

The CLAM coin looks very interesting  . The price "looks" interesting too but there's too much sell pressure and from what I can read its a bit far from done.
Hope all the luck!

Cheers,
-HolyPizza

[tex99]

I have searched this thread, the clams website, the clams github, and the internet for a list of the Bitcoin, Litecoin and Dogecoin addresses whose snapshots were used in the clams distribution without success. Is there a list of those distribution addresses available?

I also searched the early blocks in the block explorer, but couldn't find any Bitcoin, Litecoin or Dogecoin addresses. Where are those addresses in the clams blockchain?