Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 360. (Read 1151252 times)

I guess if you're using it only for small amounts that you can afford to lose then it can be OK. You're trading security for convenience, which isn't bad so long as you understand the risks.

The whole on-line wallet thing scares the crap out of me!!

That's great news.

I'm wondering the same as BayAreaCoins:

What percentage of the staking reward do you give to your depositors?

Does this wallet give the customers their stakes?

Would be really sweet to give folks 100% of what they stake and charge the fee on the withdraw.... just food for thought!!!!

Clams has now been added to the CoinWallet.co online wallet service.

https://www.coinwallet.co

Running since Nov 2013.

As always use online wallets with caution and store the majority of your coins in cold storage or a secure / encrypted wallet on your computer.

Coinwallet.co serves as an easy to use web based wallet that you can access with just an internet connection. Handy to aggregate your mining income or have a small amount of coins accessible when you don't have access to your main wallet.

Free deposits.

0.5% fee on withdrawals.

2 Factor email authentication option on withdrawals.

Google Authenticator option on login.

I asked in their thread[1] about it and got the following answers:



My main problem is the conversaion rate. I would pay 0.03 to get 84 CLAM converted to BTC in comparison to the rate JD displays. I would probably pay a similarly high rate (or fee) in order to withdraw CLAM.


[1] https://bitcointalksearch.org/topic/dadicecom-next-gen-social-gambling-dice-experience-progressive-jackpot-973765

There's always a time lag between 'accepting' and 'converting', so even if Bitpay converts after a few minutes, that's at least a few minutes that coins are unavailable and decreasing supply - any use is better than none.

I'm not sure whether that's a good thing for CLAM or not if they "accept" CLAM but immediately sell them.

Kind of like people getting excited about merchant adoption of BTC when it reality the merchant uses BitPay or similar to instantly convert the "accepted" BTC into USD.

I guess overall it just gets the brand out there to more people, so I guess it's a net positive for CLAM.

Thank you for the heads up!

Would rather they allow betting and withdrawal in CLAM; but utility is utility.
As usual, if we see some reports of positive experience concerning deposit/withdrawal, we are are happy to add them to the website and OP post!

Dadice recently adopted CLAM deposits, but Im afraid they sell the CLAMs right away and buy BTC for them. Not entirely sure, I still didnt ask. Its certainly not possible to play with CLAM directly. Might be an indicator for more casinos adopting CLAM though, which would in turn increase its usefulness and thus possibly the price.

I can understand your point, but one thing that is very unique about this project is the community behind it. Its been through hacks and attacks and it keeps getting stronger.

Its good to have different points of view and even though you are out for the most part, I hope you keep a few just so you can be a small part of the community.

If things go south you can come back and tell us what fools we are and dance on our graves!

No need to feel reprimanded -> "CLAM" stands for Caritas, Libertas, Aequitas, Monetas.
Liberty and equality necessitate your ability to express your opinion; here and elsewhere.

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Disclaimer:
Despite the urge to do so, we do our best to not make market predictions.
We aren't experts and certainly have no place in giving investment advice.

That said, we personally feel that there are strong fundamentals behind CLAM.

There are only currently approximately 620k CLAM in circulation.  This value is based on those distribution outputs/coins which have moved since distribution in addition to block rewards.  You can review the number yourself directly in the client via the console.  Supply is by no means the only relevant metric, but any attempt at calculating potential risk/reward should consider the relatively conservative distribution.

There are two ways in which the circulating supply can increase: additional distribution outputs/coins are claimed, additional blocks are staked for reward.

The CLAM network uniquely enjoys a positive externality when users choose to expand the supply via claiming. Unlike most networks, this claim distribution is directly offset by the demand, awareness, and participation the claiming user brings to the table. I would argue that there is no greater asset for a network than user awareness. More importantly, this feature blunts the deadly blade of initial distribution inflation that lays asunder so many networks, especially those implementing proof-of-stake.

The CLAM proof-of-stake system operates with an incentive system that differs from conventional proof-of-stake.  Block staking provides a static 1 CLAM reward. The reward/incentive structure of this system has little in common with the percentage based proof-of-stake networks in existence. The return of staking blocks on the network has historically resulted in a net increase of value for staking users.  There is no guarantee that this trend will continue, given difficulty and other factors. However, difficulty seems to suggest that the desire to stake and enjoy the fruits of block creation continues and remains strong.

So, we have a conservatively and reasonably equally distributed token, which enjoys the inherent benefit of increased awareness and demand during the process of inflation. We have a staking system which incentivizes persistent, consistent staking and does not suffer from the compound inflation problems of other proof-of-stake systems.

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CLAM is an open source project, administered by volunteers.
You are invited to contribute yourself (there is no greater security than that which comes from distilling the value of your own labor and contribution).

You're fun doog.  In fact I have considered it and my intended implication is that CLAMCOINS are surprisingly high and the price wil be going towards 0 over the next year (have any altcoins lasted more than 2 years?  besides, say, LTC or something?).  On the other hand, I suspect that bitcoins will be valuable for quite a long time.

I feel bad like I came into the CLAMCOIN thread and trolled it.  I apologize you guys.  Please consider me reprimanded

Have you seen what bitcoins are fetching? It's even higher. Maybe you should sell those too. But individual satoshis are cheap, so don't sell any satoshis.

See how the logic doesn't work? Price per unit doesn't matter; all that matters is whether the value is likely to increase or decrease in the future relative to whatever you are trading for, which you don't seem to have considered.

Yah, I was quite happy to be one of them when I saw what these clamcoins are fetching!

Dear Forum Members!

ClamCoin [CLAM] is listed on YoBit.net Exchange! ( Twitter: https://twitter.com/YobitExchange/status/585430126474723328 )

English: https://yobit.net/en/trade/CLAM/BTC
Chinese: https://yobit.net/cn/trade/CLAM/BTC
Russian: https://yobit.net/ru/trade/CLAM/BTC

ClamCoin Dice: https://yobit.net/en/dice/CLAM

Our topic on BitcoinTalk: https://bitcointalksearch.org/topic/yobitnet-cryptocurrency-exchange-multicoin-dice-free-coins-every-1-24-hrs-914975



Logo img: https://yobit.net/i/small_logo.png

Sell sell sell that $1 million dollar market cap!

Happy to see sellers on the market.

Price is pretty high on this one.  I'm suspecting it has something to do with just-dice.  I've sold most of mine and I'm telling my friends.  I suspect there's no reason to hold these things and cashing in now is not too bad.

I do it like this:

How can I convert Clam private keys to bitcoin private keys?