[ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 233.

nicolaennio

member

Activity: 99

Merit: 10

I've found out about Clams before August and didn't think much about it because it wasn't worth much. In August, I came back to it and realized it was actually worth a lot. So decided to dig them up. I was extremely excited and happy about it obviously.

Somehow this gives evidence to the horrible truth that prospective diggers are harmful to CLAMs (of course unwillingly):

- When CLAMs are not worth much they just don't bother or participate at the coin's success.
- When CLAMs are worth something they step in and flood the market, leading to price lowering and uncertainty.

EDIT: Basically if they control a big wallet they have been given a powerful tool for market manipulation, they sort of know the 'real' amount of available CLAMs (which is the actual number plus what they can dig) and they have an insider information which they can use only at their advantage. In this perspective I'd like to review if it's really "right" to allow them to do so. What if you create a coin and you unwillingly give a detrimental (for you) advantage to a stranger not interested in the coin? Is it wrong to remove that advantage? To put it in a catchy sentence, Clams have given to unknown people the 'right' to damage them. They are masochistic

.

Hippie Tech

legendary

Activity: 1624

Merit: 1001

All cryptos are FIAT digital currency. Do not use.

Quote from: ?? on ??

Ok, guys. I'm the whale digger. I can prove it if necessary.

Yes, it is true that I am digging and selling my CLAMs for BTC. Though I am not dumping hard. I usually just put asks above the market price. I rarely ever do a market sell order. So although I am adding sell pressure to the price by adding asks to the orderbook, I am not "dumping" technically. The main reason why the price crashed hard is because the fear of me dumping. This lead everyone else to dump. Unfortunately, I made a error in my digging code when I did not randomize my dig addresses. Dooglus noticed this and was smart to figure out the total coins that I have yet to dig. He posted a comment on this thread and THAT was the reason why the price dumped hard. That's how markets work. Oh, and the chat about forking the coin made the price dump even harder.

I decided Yesterday to accelerate the dig but not change my selling strategy. So I should finish digging up all my coins in a few days. Maybe that will alleviate some of the fear. Sure, I will still sell CLAM for BTC when I feel it's a good price. I am not stupid. I will not dump the price to nothing and kill the coin. The market was doing that and not me.

Ask me anything, though I may or may not answer some questions. Cheesy

Talk about some innovative damage control..

Bring your earlyADOPTERwhoHELPtoFUCKtheCRYPTOcommunity ass over to our community driven investigation of Cryptsy and join in on the trolololol'n fun ! Grin

https://bitcointalksearch.org/topic/cryptsy-stopping-withdraw-locking-accounts-without-notifying-users-class-action-1173703

Tongue

kolloh

legendary

Activity: 1736

Merit: 1023

I am glad to see "curious" finally come forward. Though we still have quite a few questions but at least there is a bit less uncertainty now.

I didn't see anyone ask the following question:
Why were you digging at such a slow pace as opposed to digging all the addresses at once? I suppose this was intended to hide the true number of coins you had access to?

Trent Russell

full member

Activity: 132

Merit: 100

willmathforcrypto.com

Quote from: dooglus on November 20, 2015, 12:49:01 AM

Quote from: alrachid on November 20, 2015, 12:28:47 AM

Having a digger reveal himself gave me 0% more trust in this coin. All seems fishy to me, like there is more to the story.

I don't understand how it could have given anyone any more confidence. We already knew he existed. I don't think we've learned anything new.

The posts of curious in this thread seem coherent and rational. That eases my mind a bit. As far as we knew before, it could've been someone who isn't even following the thread.

Probably the most rewarding thing curious could do is stake with what he or she hasn't sold, and sell both the rewards and the distribution more slowly. I suspect the price fall has been exaggerated by fear and uncertainty. Standard disclaimer: none of this should be taken as investment advice.

Nthused

legendary

Activity: 1554

Merit: 1001

You should create a new coin with the same kind of layout but with extended altcoin distribution instead of just btc, ltc and doge addresses and by that I mean the most popular and been around for a while coins.

Perhaps call it SuperClam and the holders of coins of the original CLAM adresses get a significant ammout more of dig/if above a certain deposit size per address then other accepted blockchains.

It's just an idea but also to keep CLAM relevant.

Zenithar

hero member

Activity: 504

Merit: 500

Quote from: jpcfan on November 20, 2015, 01:16:49 AM

Quote from: marilyn4325 on November 20, 2015, 01:10:05 AM

Quote from: dooglus on November 20, 2015, 12:49:01 AM

Quote from: alrachid on November 20, 2015, 12:28:47 AM

Having a digger reveal himself gave me 0% more trust in this coin. All seems fishy to me, like there is more to the story.

I don't understand how it could have given anyone any more confidence. We already knew he existed. I don't think we've learned anything new.

We've learned that he doesn't do big dumps and crash the price too much (at least he says that), and we can be more sure of some upper limit of how much more CLAMs are going to be sold at Poloniex in the near future, if no other whale finds some coins.

before the digger started clam was $3.83 now its at $0.43

post hoc ergo proctor hoc

jpcfan

hero member

Activity: 905

Merit: 502

I miss dooglus

Quote from: marilyn4325 on November 20, 2015, 01:10:05 AM

Quote from: dooglus on November 20, 2015, 12:49:01 AM

Quote from: alrachid on November 20, 2015, 12:28:47 AM

Having a digger reveal himself gave me 0% more trust in this coin. All seems fishy to me, like there is more to the story.

I don't understand how it could have given anyone any more confidence. We already knew he existed. I don't think we've learned anything new.

We've learned that he doesn't do big dumps and crash the price too much (at least he says that), and we can be more sure of some upper limit of how much more CLAMs are going to be sold at Poloniex in the near future, if no other whale finds some coins.

before the digger started clam was $3.83 now its at $0.43

marilyn4325

full member

Activity: 229

Merit: 134

Quote from: dooglus on November 20, 2015, 12:49:01 AM

Quote from: alrachid on November 20, 2015, 12:28:47 AM

Having a digger reveal himself gave me 0% more trust in this coin. All seems fishy to me, like there is more to the story.

I don't understand how it could have given anyone any more confidence. We already knew he existed. I don't think we've learned anything new.

We've learned that he doesn't do big dumps and crash the price too much (at least he says that), and we can be more sure of some upper limit of how much more CLAMs are going to be sold at Poloniex in the near future, if no other whale finds some coins.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: alrachid on November 20, 2015, 12:28:47 AM

Having a digger reveal himself gave me 0% more trust in this coin. All seems fishy to me, like there is more to the story.

I don't understand how it could have given anyone any more confidence. We already knew he existed. I don't think we've learned anything new.

alrachid

member

Activity: 101

Merit: 10

Just another man trying to find his way.

Having a digger reveal himself gave me 0% more trust in this coin. All seems fishy to me, like there is more to the story.

dooglus

legendary

Activity: 2940

Merit: 1333

Quote from: ?? on ??

Clam is one of the few good altcoins. I was disappointed to see people wanting to change the rules because of me. That would kill the coin a lot quicker than anything I could do. When I'm done selling, the price will recover. But if you change the rules, you lose trust and clams will just become like all the other scamcoins.

THIS.

Well, I don't think so.

When he's done selling, someone else will (eventually) start. There are another 14 million or so undug CLAMs out there.

I think a lot of what separates CLAM from "all the other scamcoins" is that an established service requires its use. That is the case whether or not the rules change.

jpcfan

hero member

Activity: 905

Merit: 502

I miss dooglus

thank god BAC isnt the digger.

j/k BAC

SuperClam

hero member

Activity: 784

Merit: 1002

CLAM Developer

Quote from: ?? on ??

Quote from: seedtrue on November 19, 2015, 09:32:43 PM

A I wrong in assuming most of these addresses were funded from faucets originally? When the digging started I had analyzed a few of the addresses, and that is the conclusion I came to. Looking over the 2 addresses you signed, I am still under the same assumption.

I won't say, but wouldn't it be so sad if I was just scamming faucet payouts for tiny amounts of bitcoin. And those faucets payout didn't make me much but it made me a ton of clams!

Why not stake your bounty; and, set-up a host of bounties to ensure a growth in value over time?

Plenty of areas CLAM could use bounties and work, such as privacy, services, etc.

seedtrue

legendary

Activity: 963

Merit: 1002

Quote from: ?? on ??

Quote from: AltcoinScamfinder on November 19, 2015, 08:43:44 PM

Not exactly unbiased to claim that Clam would die if we changed the rules, coming from someone that is gaming the current system to make $100,000s..

It's pretty unbiased. Changing rules for Clam will not have any affect on me liquidating my clams. You can't make the change without a hardfork and you need at least a couple weeks (if not months) to do the hardfork. I can always accelerate my digging if that's the case. Which you can see, I'm doing right now.

A I wrong in assuming most of these addresses were funded from faucets originally? When the digging started I had analyzed a few of the addresses, and that is the conclusion I came to. Looking over the 2 addresses you signed, I am still under the same assumption.

doothewop

sr. member

Activity: 332

Merit: 250

I like the clowns and the little dogs

Quote from: AltcoinScamfinder on November 19, 2015, 08:43:44 PM

coming from someone that is gaming the current system to make $100,000s..

What are you, kidding? Do you even know what the system is?

If you had a bunch of funded addresses, I suppose you wouldn't dig them up?

AltcoinScamfinder

hero member

Activity: 840

Merit: 500

Quote from: ?? on ??

Quote from: EGStrategies on November 19, 2015, 08:09:41 PM

That is one crazy coincidence that your account was made before clam and your name is what it is. Did you consider the value implications, regardless of whether you are or aren't, of using this name rather than just making a new account? I believe you btw, just saying that it's an extreme coincidence and will be perceived in a way that creates uncertainty. I guess at this point it would be pretty hard to bring CLAM's price much lower but is that something you're committed to doing? How do you value sale rate vs price (are you trying to get out fast or slow?) Are you planning on just selling and leaving or being involved in clam somehow long term?

It's not a crazy to have an account earlier than the birth of clams. And I'm not sure why you think the name curious is close to creative. Sure, they both start with a c. And no, it did not occur to me that it would create uncertainty and that I should use a new account.

I am not committed to decreasing the price of clam. I obviously want the price to go back up. So hopefully, by coming forward, it can help the price.

I am selling relatively slowly. Basically what the market can bear. The recent drop was because of the fear of me dumping and not because my selling actually caused it.

I probably will stick around. Clam is one of the few good altcoins. I was disappointed to see people wanting to change the rules because of me. That would kill the coin a lot quicker than anything I could do. When I'm done selling, the price will recover. But if you change the rules, you lose trust and clams will just become like all the other scamcoins.

Not exactly unbiased to claim that Clam would die if we changed the rules, coming from someone that is gaming the current system to make $100,000s..

Coinonomous

full member

Activity: 205

Merit: 100

Quote from: ?? on ??

Quote from: P-Funk on November 19, 2015, 08:00:39 PM

Howdy, glad to see the situation of uncertainty changing now! Congratulations on lucking out with Clams. I have a couple things I've been wondering:

Did you find out about Clam in August? Or did you know about it and wait until it was worth digging to you? What were your thoughts/feelings on all these seemingly worthless private keys for old empty addresses being suddenly worth good money?

How come you didn't come forward earlier? One thing that confused me about the anonymous digging was that it ultimately reduced the amount of bitcoin you'll be able to trade the Clams for.

I've found out about Clams before August and didn't think much about it because it wasn't worth much. In August, I came back to it and realized it was actually worth a lot. So decided to dig them up. I was extremely excited and happy about it obviously.

I didn't come forward earlier because I didn't know what good it would do. I think I was wrong.

Hey, we all do what we think is best at the time, fuck it. At least you came forward at all, otherwise, everyone would be dumping right? (I don't even own any anymore, but following the thread still).

cheers.

AltcoinScamfinder

hero member

Activity: 840

Merit: 500

Quote from: ?? on ??

Quote from: P-Funk on November 19, 2015, 08:00:39 PM

Howdy, glad to see the situation of uncertainty changing now! Congratulations on lucking out with Clams. I have a couple things I've been wondering:

Did you find out about Clam in August? Or did you know about it and wait until it was worth digging to you? What were your thoughts/feelings on all these seemingly worthless private keys for old empty addresses being suddenly worth good money?

How come you didn't come forward earlier? One thing that confused me about the anonymous digging was that it ultimately reduced the amount of bitcoin you'll be able to trade the Clams for.

I've found out about Clams before August and didn't think much about it because it wasn't worth much. In August, I came back to it and realized it was actually worth a lot. So decided to dig them up. I was extremely excited and happy about it obviously.

I didn't come forward earlier because I didn't know what good it would do. I think I was wrong.

Where did you get all the addresses to dig?

EGStrategies

member

Activity: 80

Merit: 10

Quote from: ?? on ??

Quote from: dooglus on November 19, 2015, 02:41:53 PM

Isn't it a curious curiosity that your name is so similar to the creative creator of CLAM?

Congrats on digging so many CLAMs.

Some random intrusive questions - feel free not to answer any you don't like, of course:

* is this mostly all one big BTC wallet, or have you been collecting a bunch of wallets?
* is it from a real service, or was it created just for the sake of having a lot of addresses?
* how many BTC did you make so far from digging and selling?
* do you have an account on Just-Dice? I'm sure people there would like to talk to you "live"

If I was the creator of CLAM, I would not have picked a name so similar or I would just use a new account to post.

I believe that the CLAM creator was honest and did not pre-seed a lot of addresses before the launch.

What do you mean by one big wallet versus a bunch of wallets. Wallet is just a virtual concept. It holds a lot of addresses. Does it matter if I separated my addresses into multiple wallets versus 1 big one?

Sorry, but not going to answer some questions. And I do not have an account on JD.

That is one crazy coincidence that your account was made before clam and your name is what it is. Did you consider the value implications, regardless of whether you are or aren't, of using this name rather than just making a new account? I believe you btw, just saying that it's an extreme coincidence and will be perceived in a way that creates uncertainty. I guess at this point it would be pretty hard to bring CLAM's price much lower but is that something you're committed to doing? How do you value sale rate vs price (are you trying to get out fast or slow?) Are you planning on just selling and leaving or being involved in clam somehow long term?

P-Funk

sr. member

Activity: 360

Merit: 250

Token

Quote from: ?? on ??

Ok, guys. I'm the whale digger. I can prove it if necessary.

Yes, it is true that I am digging and selling my CLAMs for BTC. Though I am not dumping hard. I usually just put asks above the market price. I rarely ever do a market sell order. So although I am adding sell pressure to the price by adding asks to the orderbook, I am not "dumping" technically. The main reason why the price crashed hard is because the fear of me dumping. This lead everyone else to dump. Unfortunately, I made a error in my digging code when I did not randomize my dig addresses. Dooglus noticed this and was smart to figure out the total coins that I have yet to dig. He posted a comment on this thread and THAT was the reason why the price dumped hard. That's how markets work. Oh, and the chat about forking the coin made the price dump even harder.

I decided Yesterday to accelerate the dig but not change my selling strategy. So I should finish digging up all my coins in a few days. Maybe that will alleviate some of the fear. Sure, I will still sell CLAM for BTC when I feel it's a good price. I am not stupid. I will not dump the price to nothing and kill the coin. The market was doing that and not me.

Ask me anything, though I may or may not answer some questions. Cheesy

Howdy, glad to see the situation of uncertainty changing now! Congratulations on lucking out with Clams. I have a couple things I've been wondering:

Did you find out about Clam in August? Or did you know about it and wait until it was worth digging to you? What were your thoughts/feelings on all these seemingly worthless private keys for old empty addresses being suddenly worth good money?

How come you didn't come forward earlier? One thing that confused me about the anonymous digging was that it ultimately reduced the amount of bitcoin you'll be able to trade the Clams for.

Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 233. (Read 1151373 times)