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

thats cool, I sent about 300mh there for about a day, zero clams so far Sad

Feel your pain, really do. There is a bit of coinage sitting on exchange, but by time you figure exchange fees and what-not withdrawing it would mean a massive percentage in fees Angry

So sitting it remains, for now.

Sorry ;(

I would estimate you got about 3 BTC of hash on that pool before it bit the dust...
It was just too much of a black box... and running ASICs is expensive...
So that's about 4,000 CLAM less expenses that you should pay out.

The ONLY reason to have a multipool is to pump the price...
This is a Zero Sum game... you take cap from other alts... or they take cap from you...
You play to win or you don't play.

It's a miracle that CLAM is still hanging at 70K sat... and viable.

Here's what I think you should do...
Get ClamStake into the thick of the High Stake niche with HYP, HBN, CAP, etc...
That niche is rocking and has quality devs and communities...
You have to increase the float any way you can and re-brand this thing.

Cool

Forget about the innovative launch... it's irrelevant at this point.

I'd have to strongly disagree. The launch is most relevant because it was the most fair launch of any coin (my opinion) as far as per-user coin supply. No handouts, and furthermore no coins that can be mined on a whim to instantly pump the price. This was on purpose, as market cap should increase at an almost even rate along with user adoption. Sure, coin supply is slow, but it was never absurd like some of the other coins you mentioned(Read: I love most of these other coins, no disrespect intended). No other coins can say this as their stake rates are massive and/or coin supply suffers from unequal distribution, mining farms, handouts, developer faucets, short term holding, etc.

If Johnny(buttcoin millionaire) comes in tomorrow, he has his fair share, just as he did from day one. The same amount of coin. But, he wasn't staking to support the network, so he hasn't gotten any interest. That doesn't mean he's not going to dump it all, but I'd consider it less likely because there's not some huge machine churning out CLAMS that can outdo him. Just because someone doesn't recognize our coin NOW doesn't mean they shouldn't be able to get a whole lot later. Nor does it mean they shouldn't get more for supporting the network consistently, even if they have a small amount; hence the lotto system. A few weeks ago someone staked a lotto of ~700 CLAM from a pile of just 2 CLAM.

TLDR:
I fail to see any flaws in our distribution method other than not having a huge gaping supply to hype the shit out of CLAMS?
We're not a pump and dump coin; but yes, if you're going to compare us to other pump and dump coins, we're going to look like just another turd.

As far as the multipool thing goes, yeah, it's not real profitable now. There's never a whole lot of CLAMS for sale, which makes them expensive. Our most common stake is 0.1 CLAM, and when you're relying on these kind of small numbers for a "supply", it's a less preferable option than simply mining other coins (Unless you really love CLAMS like me, I'm #1 on our hash list =D). If you look at the QBK multipool, it dropped almost 1GH of x11 in one day due to a price drop after the recent pump. On the other hand, the CLAMS multipool is more intended to maintain current exchange prices rather than create a massive pump. Many users keep their CLAMS originally from importing their personal wallets, as this is just for fun (for now at least), thus the amount in circulation becomes even smaller.

That's not to say I won't run a faucet if I stake a large lotto block, though =p =D Just to get the word out, if anything.

	Author	Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" (Read 1151204 times)
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