Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 219. (Read 1151373 times)

I replied:

Depends on what your definition of 'crash' is.

I may have it wrong, but i was actively trading clam on Poloniex at the time. There came wave after wave of selling. The price was on its way down because of the selling pressure. Doog subsequent to that picked up on the digging and detailed his analysis. The selling pressure coupled with the 'outing' of there being a whale digger, is what imo crashed the price. There would not have been a crash but for the initial selling.

I own CLAM.
I am sitting on a paper loss.
I am not the whale digger.
I've been following the discussion.

What i dont really get is why such an issue because it's "one person". Why does 500k being dug/owned buy one person differ from 100k people digging/owning 5 each? We all knew what the possible total available of supply of clams were. As luck would have it, one guy hit the lottery (assuming of course that there wasn't any pre-seeding).

No, he sounded like he did not make the price crash by selling. So if he did not want to crash i would have posted in this thread that iam to dig a certain amount of clams and that i will invest them in jd or so. And i would ensure that i would do a public auction when i would want to sell clams. Because i would have no interest in crashing the price and devalueing my asset. That would clammers set at peace and the biggest price drops would not have happened.

Were it not for the fact that the CLAMs were dug in a particular order (probably a mistake by the digger), it never would have been clear how many there were to dig by one person. He could have simply dug slowly and essentially invisibly for a long time. Whether that would have netted a larger payoff or not is not clear to anyone, but that doesn't stop people from having opinions on it.

Do you think that if he had announced before he sold a single CLAM that he had 500k CLAMs to dig but would be selling slowly that the price would not have dropped dramatically? I think that whether he announced or whether he was found out, the price drop was inevitable and unavoidable. Thinking that selling slowly wouldn't have crushed the price once we all knew how many extra CLAMs were being dug is not a view that makes a whole lot of sense to me.

So you say it wasn't you who sold but the fear of other clam owners? I thought they checked things and found that the digged coins were sold. Though i did not observe it closely.

If you are right then i imagine it is no fun watching the price for you. Especially the current discussion about stop of claiming.

I think it would have been way wiser to come clear in the beginning, you could have brought confidence to the market and stop the price drop when you would have claimed that you won't sell or that, when you want to sell, you will make a public auction.

   Ah, I don't know of any, but presstab runs an explorer for clams.

http://www.presstab.pw/phpexplorer/CLAM/index.php 

   He might have something already in place there.

I gave that answer on the coinmarketcap thread. But he doesn't run wallets, he needs to get the info from an web API.

   getinfo shows

"moneysupply" : 15418603.13048927,
    "digsupply" : 818675.02325388,
    "stakesupply" : 644201.72641731,
    "activesupply" : 1462876.74967119,

Instead of bickering about the digger,  I wish we would focus on the petition system and look forward to what is going to be done *or* options to be voted on / offered available. 

My point is the digger happened, get over it.  Can we move on?

OK, but i still don't get what you're trying to accomplish. Yes you think the digger is stupid. So what now? Are you going to continue to repeat this indefinitely?

Where are you staking your CLAMS?

I never said it would,  I'm asking what will happen..  I thought we were going to be given more info!

Please learn the difference between asking questions and making statements.

Don't add context to posts or try to look more into it in a negative way - that to me is trollish.

Thanks.

I don't understand why this was cut out ..

Which is what I mainly want to know.
Uggghhhh

Is there an API to retrieve the current active supply? This has become an issue for coinmarketcap. Please reply there:

No one has proposed or discussed making CLAMs being staked worthless. Please stop the FUD.

While I don't think the tone of DrkLvr_'s reply was helpful, I think I see things the same way as him.

If the digger makes more money, the rest of us make less. There's no way for everyone to make more.

You talked about how when you are a "top 10" holder of a coin and want out, you sell it slowly so that you get a better price for it. That means you make more than if you would by dumping it quickly, but the buyers *pay* more than they would if you had dumped it quickly. That's good for Ivan, and bad for everyone else.

Somebody selling 500k CLAMs into an 800k market is always going to depress the price. Selling them cheap is better for *us* than selling them expensive.

If you're looking for someone to "blame", I think you need to look at the developers who came up with the initial distribution method. They're the ones who (probably unknowingly) gave 500k CLAMs to a single person. In retrospect, rewarding people with CLAMs for filling the BTC blockchain with unspent outputs wasn't the best idea. The rest was pretty much inevitable from that point. Each market participant acts in their own perceived best interest.

wow great news and so proud DMD visible as the best earning coin!

but i would love to see clam there too can devs get in touch with them please

This kind of BS reply can write only the digger himself or someone who uses the same tactics. What s the problem in selling slowly? He d make more money and the rest of the CLAM community would make more money. The only ones who would pay more are new CLAM entrants and event them would make money from staking a highly valueble coin.

Instead of that, let us see what we have now.

The digger has obviously lost money cause he dumped so many coins and crushed the price. His current stash of 350k coins s worth significantly less compared to what he could have received if he opted for slow selling. So the digger lost.

The rest of the community lost cause we purchased at higher price and sold at lower price to avoid being stuck with an asset with constantly decreasing price. Worst case scenario are people who have not been able to sell and they lost big time. So the community lost.

New entrants. Who? Where re those? Who the fuck is insane to get into CLAM now when the trend is clear, dumping, dumping, dumping. So who s gonna be smart enough to get into CLAM now? In conclusion, new entrants lost cause they never had the opportunity to become part of a nice project which CLAM was before the digger arrived.

So, Albert Einstein, who actually gained from this moronic digger tactics? Pls do explain it to me since I m so dumb. When you get to home more then 56 posts, maybe you ll understand crypto. It s all about community and join efforts. If the entire CLAM is about the digger, then this is what we get.

What solutions are currently mainly being considered?  

A soft-fork ?   What does that all entail?

Does that render all current new clams being staked worthless??

I thought we were going to receive more info on this and the petition system a couple days ago?

I guess I'm confused by the phrasing of "scamming faucet payouts." Scamming denotes fraud to me, as in malicious intent. Are you claiming that there is some kind of fraud here, or he was just lucky in that something he was doing anyway had the unintended benefit of also being worth a ton of CLAMs later on?