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Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 470. (Read 1151252 times)

legendary
Activity: 963
Merit: 1002
hero member
Activity: 700
Merit: 500
I think "pooled staking" is a bad idea.  One of the few good things about Proof of Stake is that there are no mining pools representing a massive portion of the network.
legendary
Activity: 2940
Merit: 1333
I like the idea.

Unfortunately I don't think there's any way to make it zero-trust. You'll have to trust the person with your coins.

I don't see why you would have to have everyone contribute the same amount. Just keep track of how much each person has in their balance, and split all stakes in proportion to their balance. If you have 2 CLAM and I have 18, I get 90% of all stakes (lotto or otherwise) and you get 10%.

It would be worth limiting withdrawals I guess, because coins stake better when they're old, and servicing withdrawals kills their age.

Really we're just talking about a web wallet I suppose.

Each user could have an option "share stakes" which lets them decide whether they're pooling their stakes or working alone. One consideration here is that I think it is possible to look a short distance into the future and see whether your coin is going to stake soon. I don't fully understand how it works, but I think the staking algorithm depends on a "stake modifier" which changes every 10 or so minutes based on recent block hashes - so we can't look very far ahead since we don't know future block hashes.

We would need to prevent people from checking "share" only when they're not about to "win"...
legendary
Activity: 2940
Merit: 1333
Basically we set up a 'public' staking wallet ( controlled by a trusted member ) Everyone who wants to participate sends like 2 Clams to it.

Say 40 people send 2 clams each... that's 80 clams staking.... you must stake for x-amount of time then you can withdraw your 2 clams + 1/40th of the profit. Or roll it over... then start the next enrollment period...

Perhaps we have open enrollment on the last day of the month, then end at the last day of the next month....

What you all think?

I like the idea.

Unfortunately I don't think there's any way to make it zero-trust. You'll have to trust the person with your coins.

I don't see why you would have to have everyone contribute the same amount. Just keep track of how much each person has in their balance, and split all stakes in proportion to their balance. If you have 2 CLAM and I have 18, I get 90% of all stakes (lotto or otherwise) and you get 10%.

It would be worth limiting withdrawals I guess, because coins stake better when they're old, and servicing withdrawals kills their age.
legendary
Activity: 2940
Merit: 1333
Quick question:

I bought 1.5 CLAM from Polo and transferred it to my wallet... it is not staking either...

Do transferred coins have to go 510 confirmations to be considered 'mature' as well? ( for staking purposes )

The protocol allows you to stake a coin 4 hours after it was last transferred, but the wallet software won't try staking it until it has 510 confirmations.

I expect this is a bug, and have reported it as such:

https://github.com/nochowderforyou/clams/issues/13
legendary
Activity: 1302
Merit: 1000
Bass Player
Basically we set up a 'public' staking wallet ( controlled by a trusted member ) Everyone who wants to participate sends like 2 Clams to it.

Say 40 people send 2 clams each... that's 80 clams staking.... you must stake for x-amount of time then you can withdraw your 2 clams + 1/40th of the profit. Or roll it over... then start the next enrollment period...

Perhaps we have open enrollment on the last day of the month, then end at the last day of the next month....

What you all think?

legendary
Activity: 1302
Merit: 1000
Bass Player
Much like POW mining pools, I bet there would be some sort of way to do a CLAM POS staking lottery pool....

Any ideas?

sr. member
Activity: 283
Merit: 250
404 Clam REWARD!  http://khashier.com:2750/block/32e48075a661e0c1e49b682afb81df0dad4b95be7885d96e5e2f6ef525c2f32b
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Error 404: Coins not found  Grin
sr. member
Activity: 432
Merit: 250
404 Clam REWARD!  http://khashier.com:2750/block/32e48075a661e0c1e49b682afb81df0dad4b95be7885d96e5e2f6ef525c2f32b
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
wow congrat!
legendary
Activity: 1302
Merit: 1000
Bass Player
full member
Activity: 223
Merit: 100
404 Clam REWARD!  http://khashier.com:2750/block/32e48075a661e0c1e49b682afb81df0dad4b95be7885d96e5e2f6ef525c2f32b
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
member
Activity: 92
Merit: 10
Quick question:

I bought 1.5 CLAM from Polo and transferred it to my wallet... it is not staking either...

Do transferred coins have to go 510 confirmations to be considered 'mature' as well? ( for staking purposes )

Yes, it'll be 510 confirmations until the arrow turns green and then a "while" yet before you get a reward. I don't pretend to understand the relationship between "difficulty", "weight" and "netstakeweight" though; nor how the number and "maturity" of coins affects it!

As a datapoint I transferred approx. 10 coins on 17/07/2014 00:36 and got 0.1CLAM mining reward on 18/07/2014 16:58.
hero member
Activity: 700
Merit: 500
Quick question:

I bought 1.5 CLAM from Polo and transferred it to my wallet... it is not staking either...

Do transferred coins have to go 510 confirmations to be considered 'mature' as well? ( for staking purposes )
Some investigation is needed into exactly how mature coins need to be to stake.  4hr as listed in the OP doesn't appear to be correct.
legendary
Activity: 1302
Merit: 1000
Bass Player
Quick question:

I bought 1.5 CLAM from Polo and transferred it to my wallet... it is not staking either...

Do transferred coins have to go 510 confirmations to be considered 'mature' as well? ( for staking purposes )
hero member
Activity: 666
Merit: 500
wallet is hanging after a launch.. already tried to clean data folder. What can be the reason?
legendary
Activity: 1302
Merit: 1000
Bass Player
two more 0.1's

Still hoping for a lotto block  Smiley
hero member
Activity: 784
Merit: 1002
CLAM Developer
A short but sweet video; created by community member Minaphure:

"Teaser Video!"
hero member
Activity: 784
Merit: 1002
CLAM Developer
is Clam on the vote list in Mintpal?
MintPal should be a last resort exchange at this point, after what happened with VRC.  I wouldn't touch them with a 10ft pole now.
Consider: someone apparently had database access at MintPal sufficient to inject withdrawals, yet MintPal claims no data was accessed? Ya right... shit exchange lieing thru their teeth.

A very valid argument.
Our application with MintPal was submitted about a month ago now.
We haven't talked with them since then.
hero member
Activity: 700
Merit: 500
is Clam on the vote list in Mintpal?
MintPal should be a last resort exchange at this point, after what happened with VRC.  I wouldn't touch them with a 10ft pole now.

Consider: someone apparently had database access at MintPal sufficient to inject withdrawals, yet MintPal claims no data was accessed? Ya right... shit exchange lieing thru their teeth.
sr. member
Activity: 433
Merit: 250
Dev, how about a sidechain?
It's name could be Pearls and they could be claimed with high reward stakes of Clams.
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