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Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 240. (Read 1151373 times)

legendary
Activity: 4018
Merit: 1250
Owner at AltQuick.com
BTW price has not recovered from last dump...not because of fear future dumps from digger, but because fear and uncertainty sourounding the future development of CLAM, which was brought into question with the notion of creating a competing coin, to be distributed to only some current holders of CLAM and to no new purchasers of CLAM.  

That and the fact market is being suppressed i.e. that 25K sell wall @0.004 Do you really think that guy's intention is to sell or to buy more at a cheaper price? You guys are being played like a violin.

It appears it is being left alone for the time being and all is well.

CreativeClam is going to make a proposal that the CLAM rich vote be worth more than the CLAM poor ppl in the community here soon.

Dooglus is back in his JD tinkering hole for the moment and no new coin from there it seems.  He is letting CreativeClam (superclam) take "control" of the project again since shes back. *shrugs*

Creative are you still prego?
hero member
Activity: 710
Merit: 500
BTW price has not recovered from last dump...not because of fear future dumps from digger, but because fear and uncertainty sourounding the future development of CLAM, which was brought into question with the notion of creating a competing coin, to be distributed to only some current holders of CLAM and to no new purchasers of CLAM.  

That and the fact market is being suppressed i.e. that 25K sell wall @0.004 Do you really think that guy's intention is to sell or to buy more at a cheaper price? You guys are being played like a violin.
hero member
Activity: 710
Merit: 500
Why would someone buy now when they might end up with CLAMS alone, whereas other holders will have CLAMs + Doogs

I have explained many times by now that the best way to create a new coin as a variant of an old coin* is to set the cutoff date well in the future, and shortly before the actual launch of the second network (theoretically at the same time but practically a short interval might be preferable).

Anyone buying CLAM before the launch of the other coin would also receive the new coin, so there is no loss of trust or value. Regardless of which coin thrives (or if by chance both do), anyone who bought in before the split would receive the same value.

This approach is economically the same as forking the chain with an update, without the technical risks associated with transactions that are portable between forks. The trade off is some extra effort needed to get buy in from exchanges and other participants to handle the split correctly, but this largely substitutes for the effort necessary to get consistent upgrades across the entire network for a fork. So in the end, especially for a smaller coin with only one exchange and a few sites, the extra effort seems small.

Once the new coin does exist, then both would trade independently and people can buy whichever one they like (or both or neither).

Of course, I've also said that anyone can create any coin at any time, or for that matter fork code and create update clients that fork the existing network if they want (as long as they can get people to use their code). So following my proposed procedure is not and can't be made mandatory. It just has the least negative effects all around.

* Except when it is clear that virtually everyone prefers the variant in which case it is perfectly fine to make the change "in place" on the existing network.

I have no idea why there is resistance to this idea.  A future snapshot would bolster CLAM market and provide some resistance to short term dumps from digger.  And if people are worried that a future snapshot would lead to decline in CLAM price after snapshot, is that not infinitely preferable to the complete obliteration of CLAM price forever if adherence to a previous snapshot is announced (not to mention, the negative effect on trust this would have).  Ultimately, any short term dip in CLAM price after a future snapshot would not matter because everyone who owned CLAM would have the opportunity to either receive new token or exit CLAM at a higher price.
legendary
Activity: 2968
Merit: 1198
Why would someone buy now when they might end up with CLAMS alone, whereas other holders will have CLAMs + Doogs

I have explained many times by now that the best way to create a new coin as a variant of an old coin* is to set the cutoff date well in the future, and shortly before the actual launch of the second network (theoretically at the same time but practically a short interval might be preferable).

Anyone buying CLAM before the launch of the other coin would also receive the new coin, so there is no loss of trust or value. Regardless of which coin thrives (or if by chance both do), anyone who bought in before the split would receive the same value.

This approach is economically the same as forking the chain with an update, without the technical risks associated with transactions that are portable between forks. The trade off is some extra effort needed to get buy in from exchanges and other participants to handle the split correctly, but this largely substitutes for the effort necessary to get consistent upgrades across the entire network for a fork. So in the end, especially for a smaller coin with only one exchange and a few sites, the extra effort seems small.

Once the new coin does exist, then both would trade independently and people can buy whichever one they like (or both or neither).

Of course, I've also said that anyone can create any coin at any time, or for that matter fork code and create update clients that fork the existing network if they want (as long as they can get people to use their code). So following my proposed procedure is not and can't be made mandatory. It just has the least negative effects all around.

* Except when it is clear that virtually everyone prefers the variant in which case it is perfectly fine to make the change "in place" on the existing network.
sr. member
Activity: 304
Merit: 252
CLAM Dev
CC, somebody in JD chat has repeatedly stated that this coin is experimental.

All coins are experimental to one degree or another. All of crypto currency in fact is a giant experiment and the outcome still hasn't been decided from what I can tell.

Bitcoin, the least experimental of any coin at this point still has major debates about changing things that would effect the protocol and potentially the users of the network in unforeseen ways. If that doesn't scream experimental I don't know what does.

We all signed up to be part of the experiment when we became interested in crypto currency. Thats my opinion at least.

full member
Activity: 340
Merit: 164
How about an updated chart of this digging activity?
newbie
Activity: 38
Merit: 0


CC, somebody in JD chat has repeatedly stated that this coin is experimental.

Cryptocurrency in general is experimental, even Bitcoin, possible we have in some years another leading cryptocurrency or not, who knows.


 Due to this, he, let's call him Uck for the time being, the experiment can be changed at any time and therefore rules such as digging or staking can be altered for the sake of improvement. 


the question is not, if the coin can be altered or not, the main question would be in what way, by the community or the creators of the coin.


Unfortunately, his line of thinking has infected even hard sciences as publish or perish rules and the rankings game persist.


actually i feel quite infected by your strong believe nothing should be changed and all is set in stone..



I would write more but pain has returned.


Hope you feel better soon...

PS: Greet your buddy, lets call him Avaman..

legendary
Activity: 1183
Merit: 1000
Ah, I see. Interesting.

Thanks for the data.

Pablo.
legendary
Activity: 2016
Merit: 1115
Hey Guys,
    Is there a White Paper I can take a look at anywhere?

TL/DR: Whats this "Digger" issue?

Thanks,
  Pablo.

The short version: Someone with access to a great many CLAM-seeded addresses has been digging up a lot of new CLAMs and releasing them into the market. The sudden flood of CLAMs has pushed the price of CLAM very low. People are now debating what, if anything, to do about this.

See Doog's chart below for a visual representation of what is happening. The appearance of the "whale digger" is the cause of concern.


legendary
Activity: 1183
Merit: 1000
Hey Guys,
    Is there a White Paper I can take a look at anywhere?

TL/DR: Whats this "Digger" issue?

Thanks,
  Pablo.
legendary
Activity: 1652
Merit: 1007
DMD Diamond Making Money 4+ years! Join us!
If you continue with the new coin, watch as everyone loses instead. Nobody's going to trust that new coin, and the old clam will be left behind since the trust is broken.

Focus on just this coin and how to fix it.

totaly agree.

i like CLAM, i have some, but already price down nearly %50 last month. i'm still wait, if this continue, i will sell my coin and switch another, and i believe too many people thinking like me.
if you release new coin, you lost maybe half of clam user. After that who invest new coin, you and some people? i think too low change for new investor and new community.
Because everywhere coin, like coin trash, why i trust any new coin from this time.

sorry for bad language.

  




This discussion can move on for months and nothing ll be done about it. It s so simple. Digging is the main issue. Let Clam users vote, if majority of addresses votes for abolishing of digging, fork the coin and do it. If not, do whatever majority wants. I repeat, if CLAM is designed to server the digger and few selected users, then the community needs to know this so we can move on into something else. Pls stop offering complicated solutions which need 3 years to get implemented. The coin 3/4 of its value since the digger emerged so it s clear, he or they are the biggest problem. So, solve the problem, do not be afraid to say this digging model does not work as it should. The most simple solution is often the best one.
full member
Activity: 163
Merit: 100
SuperClam, coins are not corporations. In the latter case, there is a legal right to elect a board, which in turn gives control over management and ultimately the assets (shareholders can even vote to dissolve the corporation, which gives them access to the assets directly).

There are no such powers that exist on the part of coin holders. There are really only two things that coin holders can do:

2. Individually or in collusion with other coin holders, stake maliciously and "51% attack" the network. This can include: a) blocking all transactions in a sort of doomsday button to destroy the coin, b) selectively blocking transactions (and/or blocks) to gain some advantage for the attacker, c) rewrite the chain to perform double spend attacks.

This idea of coin holder voting is creating a system that facilities and to an extent legitimizes #2. It makes the entire system less secure and therefore ultimately less valuable, even though it may seem expedient in the short term for the purposes of "governance", especially if you happen to be in the majority.


I am going to steal this.



CC, somebody in JD chat has repeatedly stated that this coin is experimental.  Due to this, he, let's call him Uck for the time being, the experiment can be changed at any time and therefore rules such as digging or staking can be altered for the sake of improvement.  What is your position on the experimental nature Clams?  Were the people who sunk $1000's into the coin aware of this?  How do you feel about changing an experiment mid-stream because you don't like the outcome?  This is assuming of course that the hypothesis is along the lines introducing a digital currency as a means of exchange and not technical.  Should we get into a discussion of his fallacy that any change is good or an improvement.  Unfortunately, his line of thinking has infected even hard sciences as publish or perish rules and the rankings game persist.

I would write more but pain has returned.

legendary
Activity: 2016
Merit: 1115
This conversation has been quite muddled with people advocating for a very broad range of things, and I'm a bit lost. Where do we stand currently? Are we determining the best way to have a vote or solicit feedback from the community, or are we still determining the merits of even having a vote?
legendary
Activity: 1624
Merit: 1007
If you continue with the new coin, watch as everyone loses instead. Nobody's going to trust that new coin, and the old clam will be left behind since the trust is broken.

Focus on just this coin and how to fix it.

I tend to agree with this. If the whole problem with the coin is a super-digger, then there isn't really a problem at all.
Whatever happens, it needs to be done soon.  Why would someone buy now when they might end up with CLAMS alone, whereas other holders will have CLAMs + Doogs

There is little incentive to buy with so much uncertainty around the future of CLAMS.  Essentially whichever coin JD uses will be the coin of value, so I would back Dooglus generally.  If he wants to limit digging, then I would rather that to a new coin.

It really is hard to know where this road goes but i have to agree that the coin that JD uses will be the more profitable (i know there is a chance that both will be used, but have a feeling most would move into only "Doog's" coin) and so many of the investors would abandon CLAM. I really hope there is a good solution to the issue.
legendary
Activity: 1108
Merit: 1002
If you continue with the new coin, watch as everyone loses instead. Nobody's going to trust that new coin, and the old clam will be left behind since the trust is broken.

Focus on just this coin and how to fix it.

totaly agree.

i like CLAM, i have some, but already price down nearly %50 last month. i'm still wait, if this continue, i will sell my coin and switch another, and i believe too many people thinking like me.
if you release new coin, you lost maybe half of clam user. After that who invest new coin, you and some people? i think too low change for new investor and new community.
Because everywhere coin, like coin trash, why i trust any new coin from this time.

sorry for bad language.

  


legendary
Activity: 1218
Merit: 1003
If you continue with the new coin, watch as everyone loses instead. Nobody's going to trust that new coin, and the old clam will be left behind since the trust is broken.

Focus on just this coin and how to fix it.

I tend to agree with this. If the whole problem with the coin is a super-digger, then there isn't really a problem at all.
Whatever happens, it needs to be done soon.  Why would someone buy now when they might end up with CLAMS alone, whereas other holders will have CLAMs + Doogs

There is little incentive to buy with so much uncertainty around the future of CLAMS.  Essentially whichever coin JD uses will be the coin of value, so I would back Dooglus generally.  If he wants to limit digging, then I would rather that to a new coin.
hero member
Activity: 532
Merit: 500
If you continue with the new coin, watch as everyone loses instead. Nobody's going to trust that new coin, and the old clam will be left behind since the trust is broken.

Focus on just this coin and how to fix it.
full member
Activity: 145
Merit: 110
Hi. I´m not very active here, but there goes my opinion.
Me, as much of the people, don´t like to have to trust in a new coin. It´s very difficult event hold my clams and don´t sell.
I won´t like at all if I have to burn Clams for another currency, that we don´t know if will be trustable.
In the other side, if this new coin "takes the screenshot" of the Clam blockchain and "gift" the coins to all Clam users it will be ok, but, if we already have people that sod theys Clams becausse there get them free, will happend the same in this new coin?
Saludos.
legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
Actually, the best way to fork, I mean fuck, Tongue .. I mean fork the whales (namely SuperClam and Dooglus), would be to push the snapshot back 4-5 months. Wink

My share of the total active CLAM supply has been steadily shrinking over time due to dilution from the digger and the increase of the JD bankroll.

The further back you push the snapshot the better for my bottom line.

This will put the kabosh on their easy/instamine, if they did salt the blockchain with hundreds of thier addys during the time leading up to launch.

I didn't hear about CLAM until after it had launched. I was able to dig some small (2 digit) number of addresses. Maybe 27 of them. Something like that.

Name:    SuperClam
Date Registered:    April 26, 2014, 01:38:20 AM

CLAM snapshot : May 12, 2014

So the CLAM project account was created around the same time as the CLAM project itself? That's highly suspicious, eh?

Is there anyway to prove if these giant diggers are single wallets with dozens of valid addys ?

How many addresses does each BTC, LTC and/or DOGE wallet.dat hold again ? Roll Eyes

Sites like walletexplorer.com attempt to answer such questions by analyzing which addresses appear together as inputs to a transaction. If A and B are inputs to a transaction it's likely that A and B are in the same wallet. If B and C are inputs to another transaction then it's likely that all 3 of A, B, and C are in the same wallet. walletexplorer.com applies this across the whole blockchain to partition the set of all addresses into "clusters" of addresses which it's likely belong to the same wallet. Using coinjoin it is possible to thwart such analysis and cause independent clusters to merge, but for the most part walletexplorer.com's analysis is probably accurate.

Most of the "whale digger" addresses appear to be in a cluster labelled "BetVIP.com" by one of the wallet explorer sites. I never heard of that site, and find it hard to believe it was big enough to have created 100k funded BTC addresses organically, but I've not spent much time researching the whale digger. It doesn't really matter who he is.

Pardon the delayed response ..

You must be a narcissistic basket case if you expect us to believe that you and/or whoever cloned this shit, was able to resist salting the snapshot with thousands of your cryptofiat addresses.

Are you and/or SuperClam the evil digger ?

You and your sock/shill parade will soon be exposed.
newbie
Activity: 52
Merit: 0
See a couple of posts up - I wasn't considering a "swap" at all.

I was considering having the initial distribution of the new coin be such that everyone has the same as the amount of already-moved CLAM they had at that block. Coins which hadn't moved since the initial CLAM distribution wouldn't feature in the new coin's blockchain.

And so "the digger" would only have the 38% of his 500k that he moved already, and the next generation of large diggers would have nothing.

The idea being that since some people want digging to stop and others want it left alone, we need a 2nd coin in which digging has stopped.

For those who want digging left as it started, there's CLAM. For people who want it stopped, there's the other coin.

Again, it's just an idea someone brought up. So far I've heard nothing against it other than that "it's a bad idea". But is it? And if so, why so?

Do it. Smiley
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