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

[dooglus]

Basically, the desired effect of distributing clams fairly to people who have other crypto was accomplished, but now is no longer an effective tool. Undug clams are either lost, or they are cached in large collections of addresses controlled by individuals who haven't realized it yet. And once they do, we have more whale diggers with a huge supply and no interest in holding clams.

Having this super massive cloud of clams that could start pouring into the market at any time hurts holders now, and it will continue to weigh on holders and buyers. Acknowledging the distribution "worked" and checking it off as complete (by limiting or ending future digging at some point), you remove all that uncertainty.

Right. About a week ago some newbie in the poloniex trollbox was asking why CLAMs was created to "reward only the early adopters of crypto", because you need to have be into crypt 18 months ago to qualify for free CLAM.

It amused me, because obviously at the time of release the snapshot was recent, but it is becoming increasingly "early adopters and old services only" as time goes on.

When I am Clamperor For Life (vote 7a69a853, you know you want to) you can be my second in command, webchris.

[dooglus]

I would argue that most clams are being bought by people already in clam and not a whole new group. 

I think it's easy to underestimate the amount of interest drawn to CLAM when it's regularly in the top three traded coins by volume at poloniex.

The recent volatility is something day traders seem to love.

To stop digging, is about the same as bitcoin saying, we're going to end the block rewards, there are enough bitcoins out there and the miners are just dumping them and lowering the price. 

Bitcoin says something like that every 4 years only instead of stopping block rewards they halve them. Bitcoin needs block rewards because without them almost nobody would run mining hardware. Without block rewards the network would be easy to attack. Digging doesn't benefit CLAM's security at all, and in fact is a threat to security if a big enough cache of undug CLAMs is dug by a single entity.

And yes I have a nice little cache of clams.       

I am honestly surprised by the number of people who are opposed to doing anything to reduce the impact of future big digs.

[bobboooiie]

Finally we are talking about this! This is really one though issue . On one hand I would like to ease up or end digging but on the other I fell in love with clam due to how interesting and innovative the digging part was.  So as I see it now something like halving or pointing out date in future when we will end the digging, to get people still chance to dig out their clams, would be probably the most rational thing to do.  I mean giving 2 or 3 years for "initial distribution" is quite enough time and as someone mentioned before the snapshot is getting old slowly and the number of average diggers (small ones) will go down rapidly so it kinda loses a purpose (not literally)

[Bitcoiner2015]

How many people first heard about CLAMs, then dug their own, then bought more and now are holders/stakers?  Why do we want to stop that from happening in the future?

If you have a few old addresses, then heard about CLAM just after the digging was stopped, would you then buy CLAMs, or just forget about it?

[Faust Roland]

Hi!

What about not removing digging, but just spread digging into next few years.
Something like allow digging only for 1/X undug addresses:
I.e. For X=20
year 2016 allows to dig only addresses where sha256hash(UNDUG_CLAM_ADDRESS)%20 == 16
year 2017 allows to dig only addresses where sha256hash(UNDUG_CLAM_ADDRESS)%20 == 17
...
So it takes 20 years to dig them all and then it can start new round.

What do you think?

EDIT:
http://www.opb.org/news/article/new-law-no-more-than-850-gold-mining-dredges-allow/

[smooth]

I would argue that most clams are being bought by people already in clam and not a whole new group. 

I think it's easy to underestimate the amount of interest drawn to CLAM when it's regularly in the top three traded coins by volume at poloniex.

The recent volatility is something day traders seem to love.

Why has the volume been so high recently? Where did that volatility come from?

Because of the digger, that's why.

I doubt it will turn out this way, but even if most digs in the future are people lucking into whale digs, that still brings interest, excitement, publicity, and vitality. Like someone finding a cache of gold coins in their grandmother's basement.

You seem to want stability and low volatility and being free of the risk of whale digs, but that is absolutely the worst thing for an altcoin to have these days. It is death.

[smooth]

If you have a few old addresses, then heard about CLAM just after the digging was stopped, would you then buy CLAMs, or just forget about it?

If digging had been scheduled to stop and I found out after the deadline, I would be disappointed but that's life. If I wanted some I might still buy some.

If I found out that there was originally no deadline but a bunch of cry baby bag holders forked the coin to steal my CLAMs, I would feel scammed and I'd never go near it.

[clf99]

it would be ok with me if every year the digging reward decreased until in 5 years it was zero

so this year is 1 to 1
next year is .8 to 1

etc

[SuperClam]

Digging doesn't benefit CLAM's security at all, and in fact is a threat to security if a big enough cache of undug CLAMs is dug by a single entity.

I think this is only half correct.

Digging has the potential to help increase the decentralization of CLAM.

Of course, I think you are correct that it does have the potential to also be a threat.

[NoobKidOnTheBlock]

This might sound like a stupid question but is it still possible to dig clams? Like is there still CLAMS out there to be found? Also if so how would one go about finding them?

[thefix]

This might sound like a stupid question but is it still possible to dig clams? Like is there still CLAMS out there to be found? Also if so how would one go about finding them?

Over 14 million still available give or take


If you controlled BTC, LTC or DOGE in May of last year, you can 'claim' by:

1. Download the client
2. Click File->Import wallet
3. Browse to your BTC, LTC or DOGE wallet.dat file.
4. Let the chain sync past block ~10,000

[smooth]

This might sound like a stupid question but is it still possible to dig clams? Like is there still CLAMS out there to be found? Also if so how would one go about finding them?

Over 14 million still available give or take


If you controlled BTC, LTC or DOGE in May of last year, you can 'claim' by:

1. Download the client
2. Click File->Import wallet
3. Browse to your BTC, LTC or DOGE wallet.dat file.
4. Let the chain sync past block ~10,000

Recommended to make sure the wallet is (now) empty before doing this.

[SuperClam]

This might sound like a stupid question but is it still possible to dig clams? Like is there still CLAMS out there to be found? Also if so how would one go about finding them?

Absolutely!

If you owned, in your private wallet, DOGE, LTC and/or DOGE in May of last year:
1. Download the CLAM client software.
2. Click File->Import Wallet.
3. Browse to the BTC, LTC or DOGE wallet.dat file.
4. If you have CLAM you should see them once you've sync'd to block 10,000.

[NoobKidOnTheBlock]

This might sound like a stupid question but is it still possible to dig clams? Like is there still CLAMS out there to be found? Also if so how would one go about finding them?

Absolutely!

If you owned, in your private wallet, DOGE, LTC and/or DOGE in May of last year:
1. Download the CLAM client software.
2. Click File->Import Wallet.
3. Browse to the BTC, LTC or DOGE wallet.dat file.
4. If you have CLAM you should see them once you've sync'd to block 10,000.

Oh nice thanks so much for answering that for me so quickly I appreciate that much

[thefix]

This might sound like a stupid question but is it still possible to dig clams? Like is there still CLAMS out there to be found? Also if so how would one go about finding them?

Over 14 million still available give or take


If you controlled BTC, LTC or DOGE in May of last year, you can 'claim' by:

1. Download the client
2. Click File->Import wallet
3. Browse to your BTC, LTC or DOGE wallet.dat file.
4. Let the chain sync past block ~10,000

Recommended to make sure the wallet is (now) empty before doing this.

Yes good call

[djhomeschool]

Finally we are talking about this!

Yeah, nobody has been talking about the digger or removing digging for the last few months.

[EdvinZ]

The best loans for poloniex, lovely coin.

[cryptolives]

how can i claim clams

If you controlled BTC, LTC or DOGE in May of last year, you can 'claim' by:

1. Download the client here: https://github.com/nochowderforyou/clams/releases/tag/v1.4.17
2. Click File->Import wallet
3. Browse to your BTC, LTC or DOGE wallet.dat file.
4. Let the chain sync past block ~10,000

so say i had 890 btc, how much clams would get would it be 850

[djhomeschool]

how can i claim clams

If you controlled BTC, LTC or DOGE in May of last year, you can 'claim' by:

1. Download the client here: https://github.com/nochowderforyou/clams/releases/tag/v1.4.17
2. Click File->Import wallet
3. Browse to your BTC, LTC or DOGE wallet.dat file.
4. Let the chain sync past block ~10,000

so say i had 890 btc, how much clams would get would it be 850

It's 4.6 CLAM per address that held non-dust amounts on that day in May 2014.

[chilly2k]

I would argue that most clams are being bought by people already in clam and not a whole new group. 

I think it's easy to underestimate the amount of interest drawn to CLAM when it's regularly in the top three traded coins by volume at poloniex.

The recent volatility is something day traders seem to love.

   Agreed about the Day traders, but they don't really care about the coin at all, just that it goes up and down. 

To stop digging, is about the same as bitcoin saying, we're going to end the block rewards, there are enough bitcoins out there and the miners are just dumping them and lowering the price. 

Bitcoin says something like that every 4 years only instead of stopping block rewards they halve them. Bitcoin needs block rewards because without them almost nobody would run mining hardware. Without block rewards the network would be easy to attack. Digging doesn't benefit CLAM's security at all, and in fact is a threat to security if a big enough cache of undug CLAMs is dug by a single entity.

    That was a poor analogy on my part.  The point was, Bitcoin is not going to change their initial distribution by cutting block rewards, forgetting network security.       

And yes I have a nice little cache of clams.       

I am honestly surprised by the number of people who are opposed to doing anything to reduce the impact of future big digs.

    To ME...   It would taint clams, and make me feel a little dirty...   Ever had tainted clams....   

I'm willing to roll with the punches of a big dig, but maybe we "should" be looking at the security issue.  Allow up to X% of the current active supply to be dug within Y time.  I don't think we should decrease the initial distribution, or stop digging completely.