Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 354. (Read 1151252 times)

It depends. I think shapeshift.io is the easiest, but probably not the cheapest. poloniex.com has pretty good volume if you have/are willing to create an account there. If you're looking to buy a significant amount, I think dooglus (of just-dice.com) has said he's open to buying/selling privately. He obviously has enough clams to sell. 

Where is the best place to buy some CLAM at the moment? I think I'll put a few in a just-dice bankroll

How about reducing CLAM reward to 0.46 after first year. That will be good for price.

I see a lot of selling pressure on polo, anyone who would like to sell a big bulk please PM me .

Indeed. I've heard from some people who have hundreds of paper wallets with 1 BTC in each. They're wondering whether it is worth the hassle of making hundreds of new paper wallets and moving their coins over just to claim 4.6 CLAM per address. If each address has 1 BTC and 4.6 CLAM, then you gain 0.0055 * 4.6 = 0.0253 BTC per address you claim. That results in a one-off 2.53% increase in your BTC worth, assuming you trade the CLAM for BTC at 0.0055 BTC/CLAM.


If you're talking to me, it's not "my" distribution model, and I didn't choose anything. I found out about CLAM a while after it launched.

The model does favour people who had a lot of funded addresses. There have been a few examples of people taking advantage of that, too. Someone had a litecoin wallet with thousands of funded addresses in it, and so they were able to claim thousands of CLAM. They were probably running an exchange or some similar service, but we never found out who it was.

In another case some guy made himself thousands of DOGE addresses shortly before the initial CLAM distribution, and funded them all with small amounts of DOGE. He was also able to claim large amounts of CLAM. We don't know whether he created all those DOGE addresses because he had found out that CLAM was going to launch, or whether he did it for some other reason, and just got lucky.

It's also worth pointing out that only a small percentage of the initially distributed CLAM have ever moved so far:


That's only a little over 2% of them. It's quite possible that one day an old MtGox hot wallet will be used to dig up a whole lot of CLAMs. Or the hot wallet from any other BTC/LTC/DOGE service that was popular in May 2014.

The model doesn't favor people arriving after the fact 

BTC price of CLAM should increase this summer.

It was for addresses with any non-dust amount. The model certainly does favor those who had a lot of addresses with small amounts rather than those keeping all amounts in single addresses.

yeah your right, bit of a stupid question by me, you would empty addresses.

I guess that a bit of a hassle for cold storage.

Your distribution model is interesting, however does it favor people or encourage people who have lots of addresses with small amounts.

or did you chose some min amount of BTC on an address before you sent.

The thread is kinda long so hard to plow through and find this

Well, first off, it is safest to assume that they *will* be stolen, and so to empty your address and commit to never using it again before importing your wallet into the CLAM client.

But the fact is that the CLAM client doesn't send the private keys anywhere. You import your old BTC wallet, and the CLAM client uses them to sign transactions which claim the 4.6 CLAMs from the initial distribution. Only the signature is broadcast over the network, not the private keys themselves.

The problem is that you have to trust that that is true, or spend a lot of time checking the code to make sure that it is true. And so it is easier to assume it isn't true, that the client is going to try to steal your keys, and so it's best to make sure the keys are worthless before giving them to the client.

tl;dr: the client won't steal your keys, but "better safe than sorry" so why not empty them first anyway?

I don't know if anyone is working on it, but I have definitely seen the core devs of CLAM talking about using CLAMspeech as a field to hold counterparty-type information.

There's also some talk (and code) about using the speech field to hold hashes of documents, and providing some kind of "notary" feature, where you can use the CLAM client to notarize the existence of a document, and to search the blockchain for such data.

hi....so how is it ensured that your priv keys are not stolen?

Thanks dooglus.

Some of the meta-coins on bitcoin like counterparty encode their data in bitcoin txs using OP_RETURN outputs. In CLAMs someone could use CLAMspeech for this purpose. I know that wasn't the intention of CLAMspeech, but unless I'm missing something it seems to fit the need more directly than OP_RETURN outputs. Does anyone know of someone working on something like this?

When signing a transaction, we copy the transaction, blank out the details we don't want to include, serialise the transaction and hash it.

The serialisation is done like this:


so yes, the CLAMspeech is included. It makes sense because otherwise the guy staking a block could change the speech in all the transactions he is including to whatever he wanted.

Anyone can buy CLAMS instantly on ShapeShift.io (pay with Bitcoin, Litecoin, Dogecoin, or about 25 other altcoins)

Hot wallets work too as long as you are in control of the private key.

The address just needs to have been funded on May 12th, 2014 in order to have received free CLAMS.

Small technical question: Is the clamspeech message a part of the transaction that's signed?

so if i didn't own btc/ltc/doge in any cold wallets before late 2014, i have no clams ?? 

Hopefully helpful?

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We didn't forget about your translation offer
There's just lots of other work going on lately.
When website work does come up again, you'll be remembered.