Just started looking at Clams. Is this a typo on the website where it mentions May 2013?
http://clamclient.com/start/download/
Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 313. (Read 1151252 times)
August 25, 2015, 12:06:29 PM
August 25, 2015, 12:02:34 PM
Wow where is all that buy support on Polo suddenly coming from? Is it fake ?
Probably whoever just dug/dumped is now realizing he has a lot of CLAM and better to pump it back up
Seems possible, but its allready removed. The total amount of buy orders went from 200 BTC to 1500 BTC in a few minutes. Now back to 200 again.
August 25, 2015, 11:49:43 AM
Wow where is all that buy support on Polo suddenly coming from? Is it fake ?
Probably whoever just dug/dumped is now realizing he has a lot of CLAM and better to pump it back up
May be its true... its better if he dump when price is more rather than when its down !
August 25, 2015, 11:41:03 AM
Wow where is all that buy support on Polo suddenly coming from? Is it fake ?
Probably whoever just dug/dumped is now realizing he has a lot of CLAM and better to pump it back up
August 25, 2015, 11:39:35 AM
Wow where is all that buy support on Polo suddenly coming from? Is it fake ?
August 25, 2015, 10:53:00 AM
Notice how the digs are all from initial distribution blocks 9121 and 9122... Looking back further, I see that the digging took ~3.6% of the rewards from block 9128 (256 of 7120), then took 3.6% of the rewards from block 9127 (261 of 7120), then took 3.3% of the rewards from block 9122 (164 of 4984). Blocks 9123 through 9126 only had 356, 0, 712, and 356 rewards each, so I didn't bother checking the percentage claimed from those.
So it looks like this guy, whoever he is, is able to claim around 3.5% of the rewards in each block, and is working his way backwards through the blocks. According to xploited, the initial distribution ordered the rewards randomly, so there's no reason to think that he won't be able to claim a similar percentage of the rewards from all the blocks.
Regarding the discussion on why he might be digging the clams in this fashion, one of the Dev's mentioned that it would be more difficult for them to do it this way because of the randomization, and the assumption is that they're doing it this way to perhaps send a message to us of their motivation. I disagree that it would be more difficult.So it looks like this guy, whoever he is, is able to claim around 3.5% of the rewards in each block, and is working his way backwards through the blocks. According to xploited, the initial distribution ordered the rewards randomly, so there's no reason to think that he won't be able to claim a similar percentage of the rewards from all the blocks.
I wonder if they didn't just grab a dump of the whole CLAM blockchain up to the last block where the initial distribution took place, exported all the diggable addresses in the order they were funded, and is just backtracking their way through the list while matching each funded addresses to ones that they own. This makes the most sense to me, anyways.
August 25, 2015, 09:47:56 AM
Just found this list on Just-Dice:
biggest cumulative amount wagered in last 12 hours
+---------+-----------------+
| uid | wagered |
+---------+-----------------+
| 986902 | 26,766.11726771 |
| 1192330 | 4,826.64010714 |
| 1208485 | 4,048.47193957 |
| 1159336 | 2,286.08000000 |
| 1192465 | 1,410.33322550 |
| 120 | 1,176.11407621 |
| 1125335 | 844.62820072 |
| 1131019 | 710.79843750 |
| 1209281 | 701.37071454 |
| 777777 | 648.37109375 |
Seems like the guy who is digging up all these Clams likes to take a risk
biggest cumulative amount wagered in last 12 hours
+---------+-----------------+
| uid | wagered |
+---------+-----------------+
| 986902 | 26,766.11726771 |
| 1192330 | 4,826.64010714 |
| 1208485 | 4,048.47193957 |
| 1159336 | 2,286.08000000 |
| 1192465 | 1,410.33322550 |
| 120 | 1,176.11407621 |
| 1125335 | 844.62820072 |
| 1131019 | 710.79843750 |
| 1209281 | 701.37071454 |
| 777777 | 648.37109375 |
Seems like the guy who is digging up all these Clams likes to take a risk
No... He's running a bot.
10:37:11 *** (986902)
August 25, 2015, 09:37:42 AM
Just found this list on Just-Dice:
biggest cumulative amount wagered in last 12 hours
+---------+-----------------+
| uid | wagered |
+---------+-----------------+
| 986902 | 26,766.11726771 |
| 1192330 | 4,826.64010714 |
| 1208485 | 4,048.47193957 |
| 1159336 | 2,286.08000000 |
| 1192465 | 1,410.33322550 |
| 120 | 1,176.11407621 |
| 1125335 | 844.62820072 |
| 1131019 | 710.79843750 |
| 1209281 | 701.37071454 |
| 777777 | 648.37109375 |
Seems like the guy who is digging up all these Clams likes to take a risk
biggest cumulative amount wagered in last 12 hours
+---------+-----------------+
| uid | wagered |
+---------+-----------------+
| 986902 | 26,766.11726771 |
| 1192330 | 4,826.64010714 |
| 1208485 | 4,048.47193957 |
| 1159336 | 2,286.08000000 |
| 1192465 | 1,410.33322550 |
| 120 | 1,176.11407621 |
| 1125335 | 844.62820072 |
| 1131019 | 710.79843750 |
| 1209281 | 701.37071454 |
| 777777 | 648.37109375 |
Seems like the guy who is digging up all these Clams likes to take a risk
August 25, 2015, 09:33:24 AM
I'd be interested to hear what others have to say. I've seen quite a few people in the Just-Dice chat arguing that the 15 million "undug" CLAM is a huge liability, and makes people hold back from investing in the coin.
I am no guru on this but a couple thoughts from my side
1. This person has to own allot of Btc address, incl private, to even claim these free clam digs!
Q: How would anyone have access to so many addresses?
Q: Person has not made themselves known, surely if you had all these addresses and clams, you would shout - not in this case
Q: - Based on the above have the required amount of btc in each address before May 12 2014?
-- all seems questionable and illegitimate claims of clam
If not, then i would love to hear from this person or group of people involved?
Any successful service that has a wallet per user will control MANY funded addresses. Think about online wallets, markets, laundry services, gambling sites, etc. etc. etc.
You could be looking at hundreds of thousands of addresses controlled by a single entity.
That's in fact the major tradeoff with "blockchain distribution" - service operators will get the lion share of the pie, while their users will get nothing.
August 25, 2015, 09:30:48 AM
I'd be interested to hear what others have to say. I've seen quite a few people in the Just-Dice chat arguing that the 15 million "undug" CLAM is a huge liability, and makes people hold back from investing in the coin.
I am no guru on this but a couple thoughts from my side
1. This person has to own allot of Btc address, incl private, to even claim these free clam digs!
Q: How would anyone have access to so many addresses?
Q: Person has not made themselves known, surely if you had all these addresses and clams, you would shout - not in this case
Q: - Based on the above have the required amount of btc in each address before May 12 2014?
-- all seems questionable and illegitimate claims of clam
If not, then i would love to hear from this person or group of people involved?
August 25, 2015, 09:30:22 AM
What makes CLAM interesting is precisely its distribution - the fact that everyone who had some BTC in May 2014 was rewarded with a few CLAM has huge marketing potential. The fact that there's still 15M CLAM "undigged" is NOT a liability, on the contrary it is a demonstration that there's still a lot of people that could potentially enter the market and community.
Stopping the digging would be pretty lame - and CLAM would become "yet another scamcoin". Furthermore, if such a change is announced (the end of digging), I'm sure you would see the opposite reaction you'd expect: people would hurry to claim their CLAMs to dump them asap.
Stopping the digging would be pretty lame - and CLAM would become "yet another scamcoin". Furthermore, if such a change is announced (the end of digging), I'm sure you would see the opposite reaction you'd expect: people would hurry to claim their CLAMs to dump them asap.
August 25, 2015, 09:25:21 AM
Agree, changing rules during the game is very unfair
Such a change is extremely unlikely.
It would require near complete consensus of all of the Devs as well as the community and would take a reasonable amount of time to test, implement, and announce, among other requirements.
August 25, 2015, 09:22:45 AM
Agree, changing rules during the game is very unfair
August 25, 2015, 09:18:27 AM
I don't think changes to the coin should be considered. It's no surprise that there are some people with access to a Satoshi-level supply.
With a half million clams, someone can crash the price temporarily. However, as has been mentioned, this isn't the most profitable move.
Compare it to the block reward. With 1 clam reward being produced roughly every minute, there are roughly half a million clams produced every year. If the new big holder decides to sell his supply over the course of a year, it's similar (in terms of supply) to the block reward doubling. In that case it's reasonable for the price to drop by half. If the new big holder decides to sell his supply over the course of a month, it's similar to the block reward increasing to roughly 13 clams per minute. In that case it's reasonable for the price to drop to roughly the 1 mbit level.
Incidentally, while this is obviously bad for the price, it may ultimately cause Clams to climb higher on coinmarketcap.com, since for some reason coinmarketcap.com does not count still-buried clams in the supply.
With a half million clams, someone can crash the price temporarily. However, as has been mentioned, this isn't the most profitable move.
Compare it to the block reward. With 1 clam reward being produced roughly every minute, there are roughly half a million clams produced every year. If the new big holder decides to sell his supply over the course of a year, it's similar (in terms of supply) to the block reward doubling. In that case it's reasonable for the price to drop by half. If the new big holder decides to sell his supply over the course of a month, it's similar to the block reward increasing to roughly 13 clams per minute. In that case it's reasonable for the price to drop to roughly the 1 mbit level.
Incidentally, while this is obviously bad for the price, it may ultimately cause Clams to climb higher on coinmarketcap.com, since for some reason coinmarketcap.com does not count still-buried clams in the supply.
Both creative and xploited remember me arguing with them long ago about maybe suspending "digging" at some point in the future. I have no recollection of the argument, but apparently my position was that it would be unfair to suspend digging, and I convinced them both of that point of view.
I can see both sides: it's understandable that the people who already "dug" their CLAMs would want to suspend future digging so that their own share of the CLAM supply isn't diluted by newcomers. But it's also great for CLAM that we can tell newcomers "hey, check CLAM out - you probably already have some". We've seen people come to Just-Dice to dig their CLAM and stick around as part of the community, purely because they were able to claim "free money" to get started with. I don't think there's any doubt that CLAM is only as well known as it is today because of the widespread initial distribution. Shutting that off now turns CLAM into "just another shitcoin" in some ways. As I see it, the initial distribution is really what sets CLAM apart from the crowd.
I'd be interested to hear what others have to say. I've seen quite a few people in the Just-Dice chat arguing that the 15 million "undug" CLAM is a huge liability, and makes people hold back from investing in the coin.
IS the sky falling? Again!!!
As long as this is not an exploit, I have no problems with the clams being dug. We shouldn't change the rules in the middle of the game.
I would bet 80% of clam holders would want to freeze digging, just to hold their stake and value. I'm in the 20% club, that says let it ride....
Once this person finishes digging/dumping, the price will stabilize for a little and then continue to rise. But there should then be more clams on the market to help the growth without it getting to out of hand, to quick.
Now's the chance to by fresh clams, cheap....
August 25, 2015, 09:15:18 AM
hi have not been on here for a while.
August 25, 2015, 09:09:47 AM
CLAMS dropped by a lot today. It even dropped lower than 0.004 when it was more than 0.01 a week ago.
Someone dug up lots of CLAM to dump today.
Someone dug up lots of CLAM to dump today.
Really? If something like this would happen, I'd expect multiple pages of discussion, but apparently nothing. /s
Regards,
Joust
August 25, 2015, 09:04:26 AM
CLAMS dropped by a lot today. It even dropped lower than 0.004 when it was more than 0.01 a week ago.
Someone dug up lots of CLAM to dump today.
Someone dug up lots of CLAM to dump today.
Really? If something like this would happen, I'd expect multiple pages of discussion, but apparently nothing. /s
August 25, 2015, 09:01:56 AM
CLAMS dropped by a lot today. It even dropped lower than 0.004 when it was more than 0.01 a week ago.
Someone dug up lots of CLAM to dump today.
Someone dug up lots of CLAM to dump today.
August 25, 2015, 08:48:06 AM
I don't think changes to the coin should be considered. It's no surprise that there are some people with access to a Satoshi-level supply.
With a half million clams, someone can crash the price temporarily. However, as has been mentioned, this isn't the most profitable move.
Compare it to the block reward. With 1 clam reward being produced roughly every minute, there are roughly half a million clams produced every year. If the new big holder decides to sell his supply over the course of a year, it's similar (in terms of supply) to the block reward doubling. In that case it's reasonable for the price to drop by half. If the new big holder decides to sell his supply over the course of a month, it's similar to the block reward increasing to roughly 13 clams per minute. In that case it's reasonable for the price to drop to roughly the 1 mbit level.
Incidentally, while this is obviously bad for the price, it may ultimately cause Clams to climb higher on coinmarketcap.com, since for some reason coinmarketcap.com does not count still-buried clams in the supply.
With a half million clams, someone can crash the price temporarily. However, as has been mentioned, this isn't the most profitable move.
Compare it to the block reward. With 1 clam reward being produced roughly every minute, there are roughly half a million clams produced every year. If the new big holder decides to sell his supply over the course of a year, it's similar (in terms of supply) to the block reward doubling. In that case it's reasonable for the price to drop by half. If the new big holder decides to sell his supply over the course of a month, it's similar to the block reward increasing to roughly 13 clams per minute. In that case it's reasonable for the price to drop to roughly the 1 mbit level.
Incidentally, while this is obviously bad for the price, it may ultimately cause Clams to climb higher on coinmarketcap.com, since for some reason coinmarketcap.com does not count still-buried clams in the supply.
Both creative and xploited remember me arguing with them long ago about maybe suspending "digging" at some point in the future. I have no recollection of the argument, but apparently my position was that it would be unfair to suspend digging, and I convinced them both of that point of view.
I can see both sides: it's understandable that the people who already "dug" their CLAMs would want to suspend future digging so that their own share of the CLAM supply isn't diluted by newcomers. But it's also great for CLAM that we can tell newcomers "hey, check CLAM out - you probably already have some". We've seen people come to Just-Dice to dig their CLAM and stick around as part of the community, purely because they were able to claim "free money" to get started with. I don't think there's any doubt that CLAM is only as well known as it is today because of the widespread initial distribution. Shutting that off now turns CLAM into "just another shitcoin" in some ways. As I see it, the initial distribution is really what sets CLAM apart from the crowd.
I'd be interested to hear what others have to say. I've seen quite a few people in the Just-Dice chat arguing that the 15 million "undug" CLAM is a huge liability, and makes people hold back from investing in the coin.
August 25, 2015, 02:34:15 AM
3.5% of the initial distribution means around 517k CLAMs. In which case this digging spree is only just getting started.
So what do we do?
So what do we do?
I don't think changes to the coin should be considered. It's no surprise that there are some people with access to a Satoshi-level supply.
With a half million clams, someone can crash the price temporarily. However, as has been mentioned, this isn't the most profitable move.
Compare it to the block reward. With 1 clam reward being produced roughly every minute, there are roughly half a million clams produced every year. If the new big holder decides to sell his supply over the course of a year, it's similar (in terms of supply) to the block reward doubling. In that case it's reasonable for the price to drop by half. If the new big holder decides to sell his supply over the course of a month, it's similar to the block reward increasing to roughly 13 clams per minute. In that case it's reasonable for the price to drop to roughly the 1 mbit level.
Incidentally, while this is obviously bad for the price, it may ultimately cause Clams to climb higher on coinmarketcap.com, since for some reason coinmarketcap.com does not count still-buried clams in the supply.
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