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

[smooth]

Clamcoin shits 1440 new coins every day for ever.

A number which will eventually become insignificant when the total supply becomes large enough.

With 50- or 100-million coins, would 1440 coins/day (roughly half a million per year) matter at all? I think not. In practice an appropriate equilibrium will be reached sooner.

[1715261359]

1715261359

[1715261359]

1715261359

[1715261359]

1715261359

[1715261359]

1715261359

[BayAreaCoins]

Clamcoin shits 1440 new coins every day for ever.

A number which will eventually become insignificant when the total supply becomes large enough.

With 50- or 100-million coins, would 1440 coins/day (roughly half a million per year) matter at all? I think not. In practice an appropriate equilibrium will be reached sooner.

1,440 new coins per day is the same regardless of if there is 1 million coins or 100 million coins. 

The only thing that will matter will be the exchange rate and I imagine that will be significant... or none existent by that point.

[smooth]

Clamcoin shits 1440 new coins every day for ever.

A number which will eventually become insignificant when the total supply becomes large enough.

With 50- or 100-million coins, would 1440 coins/day (roughly half a million per year) matter at all? I think not. In practice an appropriate equilibrium will be reached sooner.

1,440 new coins per day is the same regardless of if there is 1 million coins or 100 million coins. 

The number is the same. Its significance is not the same.

The only thing that will matter will be the exchange rate and I imagine that will be significant... or none existent by that point.

On that I agree.

[xboxsold]

So if miners are paid in Clam then the reason its going down without a end in sight is paying Miners is expensive and without new money coming in the value will further go down til the bottom ??

[dooglus]

So if miners are paid in Clam then the reason its going down without a end in sight is paying Miners is expensive and without new money coming in the value will further go down til the bottom ??

Assuming the market cap stays constant, any increase in the total supply of CLAM should result in a corresponding decrease in the price per unit.

1 million CLAM worth $1 each gives a market cap of $1 million.
2 million CLAM worth $0.50 each also gives a market cap of $1 million.

In the absence of any reason for the market cap to change each doubling in supply should see a corresponding halving in price per unit.

And that's not a bad thing, since each doubling in supply also corresponds to a doubling in each staker's holdings.

SuperClam's point is key here. CLAM inflation is different from USD inflation. In CLAM the inflation is shared between the stakers. With USD the inflation isn't shared out, it goes to the people who are lending new dollars into existence.

Edit: with the exception of digging, of course. But digging is limited.

I forgot the reason I came back to this thread... I wanted to post an updated digging chart, so here it is:

[smooth]

So if miners are paid in Clam then the reason its going down without a end in sight is paying Miners is expensive and without new money coming in the value will further go down til the bottom ??

The reason the price is going down (you don't know with or without end as that would require knowing the future) is declining interest in the value proposition here. Staking inflation could explain some price decline (only a few percent per month though), but the market cap is dropping as well.

[bugsywugsy]

I have a question - I deposited some clam into my wallet. a few months later, I sent that balance to another address and it said the transaction came from a new address. how is this possible? does my wallet have multiple addresses, or does it change the address regularly? I had one address a few months ago, and now I have a different one. Confusing.

[SuperClam]

I have a question - I deposited some clam into my wallet. a few months later, I sent that balance to another address and it said the transaction came from a new address. how is this possible? does my wallet have multiple addresses, or does it change the address regularly? I had one address a few months ago, and now I have a different one. Confusing.

When coins are received, they are received in a single 'output' at the address they were sent to.  
That 'output' is a single unit.  

When you make a transaction, every 'CLAM' of that output must be accounted for - not just the amount you are sending.  
For this reason, even if you send a single 0.00000001 'clamoshi', the entire output must be spent.  
So, the remainder, the 'extra', the 'change' is sent to a different address you control.  
This is likely what happened in your situation.  

Receive 10 CLAM at address 'A'.
Send 1 CLAM to address 'X'.
The other 9 CLAM goes to address 'B', your change address (9 + 1 = 10).
Now, all your CLAM is at address 'B', a different address from the one they were sent, initially, to.

Send another 1 CLAM to address 'Z':

"Why did the CLAM come from address 'B', and not 'A'?"

Edit for clarity: 
The entire 'output' doesn't actually have to be sent to an address, though I left this out to keep it simple.
Any amount not accounted for actually goes to fee.

[Kefkius]

I have a question - I deposited some clam into my wallet. a few months later, I sent that balance to another address and it said the transaction came from a new address. how is this possible? does my wallet have multiple addresses, or does it change the address regularly? I had one address a few months ago, and now I have a different one. Confusing.

When coins are received, they are received in a single 'output' at the address they were sent to.  
That 'output' is a single unit.  

When you make a transaction, every 'CLAM' of that output must be accounted for - not just the amount you are sending.  
For this reason, even if you send a single 0.00000001 'clamoshi', the entire output must be spent.  
So, the remainder, the 'extra', the 'change' is sent to a different address you control.  
This is likely what happened in your situation.  

Receive 10 CLAM at address 'A'.
Send 1 CLAM to address 'X'.
The other 9 CLAM goes to address 'B', your change address (9 + 1 = 10).
Now, all your CLAM is at address 'B', a different address from the one they were sent, initially, to.

Send another 1 CLAM to address 'Z':

"Why did the CLAM come from address 'B', and not 'A'?"

Edit for clarity: 
The entire 'output' doesn't actually have to be sent to an address, though I left this out to keep it simple.
Any amount not accounted for actually goes to fee.

Commendable that you explained it in full instead of linking to this explanation. bugsywugsy, the link I just posted applies directly to CLAM as well as BTC.

[s@toshiClaims]

You can play with clam @ https://satoshislots.top

Good luck !

[Vin]

You can play with clam @ https://satoshislots.top

Good luck !

Do you think about a login-system without email/password?

[s@toshiClaims]

You can play with clam @ https://satoshislots.top

Good luck !

Do you think about a login-system without email/password?

yes but that will be for the next big update. working at the provable fair system now and highroller contest

[andulolika]

You can play with clam @ https://satoshislots.top

Good luck !

Do you think about a login-system without email/password?

yes but that will be for the next big update. working at the provable fair system now and highroller contest

Shouldnt the fair system be the most primordial thing?

[MRKLYE]

You can play with clam @ https://satoshislots.top

Good luck !

Do you think about a login-system without email/password?

yes but that will be for the next big update. working at the provable fair system now and highroller contest

Shouldnt the fair system be the most primordial thing?

Lol no shit eh andu? no provable == bad time

[andulolika]

You can play with clam @ https://satoshislots.top

Good luck !

Do you think about a login-system without email/password?

yes but that will be for the next big update. working at the provable fair system now and highroller contest

Shouldnt the fair system be the most primordial thing?

Lol no shit eh andu? no provable == bad time

Till like a week ago i think it was the only thing done for dcd

[NUFCrichard]

Some big buys of CLAM today, good to get the price back to a more 'normal' level.

Like I said before, I am happy to be invested in CLAM in the short and medium term, I wasn't trying to be negative before, honest! As long as JD accepts CLAM, I will be investing them

[Noolz39]

Some big buys of CLAM today, good to get the price back to a more 'normal' level.

Like I said before, I am happy to be invested in CLAM in the short and medium term, I wasn't trying to be negative before, honest! As long as JD accepts CLAM, I will be investing them

but price go down and down

[andulolika]

Some big buys of CLAM today, good to get the price back to a more 'normal' level.

Like I said before, I am happy to be invested in CLAM in the short and medium term, I wasn't trying to be negative before, honest! As long as JD accepts CLAM, I will be investing them

but price go down and down

Its not going that down, it started going down because yall fucker bitching is going down with .000001 , obv its going to go down if yall want it to be so, dont forget that YOU is who is taking the price down, with pesimism.

[s@toshiClaims]

is there a new wallet .? my wallet is stuck it has all conections but it keep at  out of sync

[tspacepilot]

Some big buys of CLAM today, good to get the price back to a more 'normal' level.

Like I said before, I am happy to be invested in CLAM in the short and medium term, I wasn't trying to be negative before, honest! As long as JD accepts CLAM, I will be investing them

but price go down and down

Its not going that down, it started going down because yall fucker bitching is going down with .000001 , obv its going to go down if yall want it to be so, dont forget that YOU is who is taking the price down, with pesimism.

It seems to me that price has been pretty stable in the 0.0015--0.002 range.  Sure, it's a far cry from the glory days of 0.015, but then again, that was ostensibly some sort of a bubble that was bound not to last.