Changing the rules is bullshit - clam scammers unite and buy bitcoins now before its completely ruined
Be productive; or go somewhere else.
Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 201. (Read 1151369 times)
December 10, 2015, 09:56:18 PM
Be productive; or go somewhere else.
December 10, 2015, 09:52:54 PM
Changing the rules is bullshit - clam scammers unite and buy bitcoins now before its completely ruined
December 10, 2015, 09:21:20 PM
I believe most services, properly designed, will have swept their wallets and not have such a large amount of addresses.
A service small enough that it can afford to not sweep their wallets is likewise less of a threat.
I think a service that sweeps out addresses and does NOT backup the private keys and/or let these addresses stay in a different wallet, would not be trusted by me. It always can happen that users use very old deposit addresses. I would hate to tell them that we deleted the privkey and so the coins vanished into nirvana.A service small enough that it can afford to not sweep their wallets is likewise less of a threat.
A backup of the private keys should be the minimum.
In fact i think it would be not a bad idea when mtgox would claim his clams if possible. A lot of people wait for compensation, around 20 to 25% were in the conversation mentioned some months ago. With digged clams, handled correctly in order to not crash the market, would likely be able to raise that percent.
I think you mis-understand.
It doesn't matter if they keep a "backup".
Those backed up addresses didn't have a balance, and thus didn't get CLAM.
December 10, 2015, 09:14:25 PM
I believe most services, properly designed, will have swept their wallets and not have such a large amount of addresses.
A service small enough that it can afford to not sweep their wallets is likewise less of a threat.
A service small enough that it can afford to not sweep their wallets is likewise less of a threat.
I think a service that sweeps out addresses and does NOT backup the private keys and/or let these addresses stay in a different wallet, would not be trusted by me. It always can happen that users use very old deposit addresses. I would hate to tell them that we deleted the privkey and so the coins vanished into nirvana.
A backup of the private keys should be the minimum.
In fact i think it would be not a bad idea when mtgox would claim his clams if possible. A lot of people wait for compensation, around 20 to 25% were in the conversation mentioned some months ago. With digged clams, handled correctly in order to not crash the market, would likely be able to raise that percent.
December 10, 2015, 09:08:28 PM
Quote
Before this whale digger appeared, around 72k old addresses had been dug up. That's 2.2% of the initial distribution.
Now that the whale digger has apparently finished, around 178k old addresses have been dug up. That's 5.5% of the initial distribution.
Now that the whale digger has apparently finished, around 178k old addresses have been dug up. That's 5.5% of the initial distribution.
These numbers are misleading because of staking. The latest dig was only 60% of the active supply, not 150% of it. Future digs will be even smaller relative to active supply, both because more digging has already occurred but because staking will continue to dilute undug coins.
You mention a good point. Digging is not the only way to raise the total amount of clams in use. But i guess the fear factor is the most important role in this game now. And fear is a hard thing to deal with.
December 10, 2015, 09:05:38 PM
Reducing the entire problem to "(current) block-creators decide everything" is oversimplifying to a dangerous degree.
OK, so who should "decide everything", if not the coin's stakeholders?
Exactly that is what i thought too. Though i think that danger is now avoided isn't it? Price stabilizes and the fork is dead or am i missing something?
I think this is what you are missing:
Before this whale digger appeared, around 72k old addresses had been dug up. That's 2.2% of the initial distribution.
Now that the whale digger has apparently finished, around 178k old addresses have been dug up. That's 5.5% of the initial distribution.
There's 94.5% of the initial distribution still undug.
People seem to be thinking that the whale digger's 3.3% is somehow significant, rather than being only 1/30th of the initial distribution.
This is a single guy who probably abused a bunch of faucets. Think about what happens if the Silk Road wallet ever gets dug up. Or the MtGox wallet. BTC-e. SatoshiDice. MyBitcoin. Pirate's Ponzi wallet. The various big mining pools. And so on. There are many more potential whale diggers out there.
BAC was actively petitioning the government to release the confiscated Silk Road private keys so he could dig the associated CLAMs.
tl;dr: one guy digging 3.3% of the initial distribution != "danger is now avoided". His actions are tiny in the scale of things.
Edit: some people find a graphical representation easier to understand. Everyone was freaking about about the impact of the orange area, but we're supposed to somehow not worry about the yellow area?
I do agree with the sentiment that some have expressed that We Survived the Great Digging Panic of 2015 and with the right response that can make the coin stronger and more resilient. But then you still have some people approaching it more from a FUD perspective ("Okay, but what about the next whale digger?! zOMG!!"), sadly.
Why do you call that "FUD"? 94.5% of the initial distribution is still unclaimed. Are you arguing with that number, or you think it doesn't matter that this massive inflation we've just seen could happen again repeatedly in the future?
Though i think that is the rule everyone agreed on when going into clams. It was nice claiming clams when it was usefull for oneself but now it's not not convenient anymore because clammers fear diluting of their wealth.
Of course, the one with the power can decide but if the fork becomes reality it would look like clams and their community would be corrupted. Sure, i can speak easy about it when i don't hold clams at the moment but it sounds like misuse of position. Taking an advantage but negating the same right to others after that, locking profits for oneself while others are blocked from their clams. If i would own a good wallet and would find out that it is worthless now then i would be pretty angry about such selfishness of a community.
Guess the decision might be already made then. Only a couple of the biggest clammers will decide what will happen i guess.
December 10, 2015, 08:14:13 PM
i think the staking washes out most of the risk you're all concerned about
December 10, 2015, 08:04:04 PM
clam was fun but with all those private adresses out there ahaving had btc, that is way too many CLAMs influx on the market if, ever, it happens that the coins gets some notoriety.
Not sustainable if broader audience gets into it.
This is precisely why there is a petition to end digging. It was a beautiful addition to a unique coin that initially allowed for a large user base and community. Now, however, with stable innovative development and services, there is simply no need for it.Not sustainable if broader audience gets into it.
Furthermore, allowing digging is a huge security issue.
Imagine someone like Ross Ulbricht took their private key stash and redeemed their clams? Well that could very well be 400,000 priv keys... and this would be over 1.8 million clams. That right there is the possibility for a 51%+ attack.
Digging needs to end for the security of clams and for the sake of everyone's investment. http://txti.es/5afa074c.
Clam could very well climb to the levels we saw previously in August (over 0.01/BTC). With the decreased supply influx in the market this reality becomes more probable.
December 10, 2015, 05:44:13 PM
clam was fun but with all those private adresses out there ahaving had btc, that is way too many CLAMs influx on the market if, ever, it happens that the coins gets some notoriety.
Not sustainable if broader audience gets into it.
Not sustainable if broader audience gets into it.
Only time will tell, but I obviously disagree.
With the exception of very large single 'diggers', claims appear anecdotally to have a positive effect on the network.
December 10, 2015, 05:24:53 PM
clam was fun but with all those private adresses out there ahaving had btc, that is way too many CLAMs influx on the market if, ever, it happens that the coins gets some notoriety.
Not sustainable if broader audience gets into it.
Not sustainable if broader audience gets into it.
December 10, 2015, 01:16:37 PM
I bought some Clams ,
and i think its one of the best project right now
and i think its one of the best project right now
Good luck with your clams=)
December 10, 2015, 01:05:08 PM
I bought some Clams ,
and i think its one of the best project right now
and i think its one of the best project right now
December 10, 2015, 09:07:48 AM
Not that I don't greatly enjoy your mocking of VultureFund, dooglas, but if his trading comments are off topic, aren't your comments about his trading comments off topic too?
The odds of dooglus getting moderated on this thread are smaller than the odds that dooglus is Satoshi.If "dooglus gets moderated on CLAMs thread" were a JD bet, it would pay 21 million to one in BTC, and 15 million to one in CLAMs.
I believe there was a situation some time ago where he self-moderated.
Can we leave dooglus's sex life out of this, f
December 10, 2015, 08:48:28 AM
Not that I don't greatly enjoy your mocking of VultureFund, dooglas, but if his trading comments are off topic, aren't your comments about his trading comments off topic too?
The odds of dooglus getting moderated on this thread are smaller than the odds that dooglus is Satoshi.If "dooglus gets moderated on CLAMs thread" were a JD bet, it would pay 21 million to one in BTC, and 15 million to one in CLAMs.
I believe there was a situation some time ago where he self-moderated.
December 10, 2015, 08:47:31 AM
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 wallet.dat file.
4. Let the chain sync past block ~10,000
you mean my wallet.dat for btc
Clarified the post.
December 10, 2015, 08:30:13 AM
Not that I don't greatly enjoy your mocking of VultureFund, dooglas, but if his trading comments are off topic, aren't your comments about his trading comments off topic too?
The odds of dooglus getting moderated on this thread are smaller than the odds that dooglus is Satoshi.
If "dooglus gets moderated on CLAMs thread" were a JD bet, it would pay 21 million to one in BTC, and 15 million to one in CLAMs.
December 10, 2015, 07:29:18 AM
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 wallet.dat file.
4. Let the chain sync past block ~10,000
you mean my wallet.dat for btc
December 10, 2015, 06:20:13 AM
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
December 10, 2015, 05:43:14 AM
how can i claim clams
December 10, 2015, 03:07:39 AM
Also the diff s been going up big time which s gonna limit the supply of CLAM from staking.
Well, the difficulty adjusts to keep the network staking an average 1 CLAM per minute, so the increase in supply from staking is pretty much steady.
It presumably went up because curious finally dumped the rest of his big stash to buyers who started staking them.
http://www.presstab.pw/phpexplorer/CLAM/charts.php?type=posdifficulty&startheight=700000&mindifficulty=70000&maxdifficulty=100000 shows the difficulty over the last 70k blocks or so. It's not a huge increase really. The 20 block moving average going up from 80k to 90k in around 50 days:
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