Topic: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin" - page 479. (Read 1151252 times)

importprivkey console command will work just fine

User dooglus brought up a valid point earlier concerning paper wallets though; be aware that although the CLAMClient software is safe, you are still exposing your paper wallet to an internet connected computer, and all the risks that come along with that.

Hello, can we use import privat key from paperwallet or it realy need a wallet file ?
Thank's

I am taking questions about the update in the Poloniex Trollbox, feel free to stop in and say "hi"
 Poloniex.com

Done.

You are absolutely correct: there is a great deal of organization and such that needs to get completed.

Please try to understand that up until about a week ago CLAMS was our own little "labor of love" that absolutely no one paid attention to 
We primarily communicate via irc; a good first step to getting involved would likely be to /query creativecuriosit.

The information I mentioned concerning the Lottery that was previously released was primarily via Twitter.

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I tried to add some more detailed information concerning the update to the OP Post.
I hope that explains things somewhat more clearly.

We believe that the changes to block reward will level the playing field and adds excitement to participating in the CLAMS network.

We've done our best to test the update back-to-front; but CLAMS is still evolving and rapidly changing.
We likely aren't the best match for someone who wants a static coin to invest in; as we have a long list of ideas we intend to flesh out over the coming months.

In fact, the previous 1% interest would likely better be served by a conventional bond or security investment; if that is your cup-of-tea.

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To those concerned about the ramifications of the update, please give it a chance.
More importantly, let's get the CLAMS network nice and healthy!

Get your CLAMS to your wallet, and lets stake some Lottery Blocks 

Where is the "bunch of information"?

I see commits to the git repo. Most of them have lot messages like "update" and "updates" and no code comments.

There are no pull requests being submitted and discussed that I see.

So what is the open source strategy you're using? It sounds to me like I'm missing out on most of the discussion. Where does it happen?

I'm noticing the "Pearl Payouts Percentage Rankings" are offline?

http://khashier.com/workers

Any chance they can be restored?

Thanks!

I get the confusion .

There is a bunch of information concerning the changes and reasoning behind the changes in the update coming in a very short while to the OP Post.

It likely won't satisfy everyone, but hopefully you will at least understand the reasoning behind it.

More importantly, we hope you will compete in the CLAMS network and stake some Lottery blocks.

Afterall, more folks staking == a more secure CLAMS network with more predictable block times.

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Be nice!  
That is pseudo code written by "creativecuriosity" which has to be painstakingly translated from time to time when there is a decision to implement one of her ideas.

We don't hide our commits.  
We invite anyone who has "chops" to contribute to the CLAMS project: we believe in open source software.

What is?

Weird unannounced changes out of nowhere? Or the discussion of such changes?

Thank you so far. This is the type of shit that kills coins imo.

Me too.

Look at the commit that implemented the change:

https://github.com/nochowderforyou/clams/commit/4bd0451c080d572dbd4214910216f2d146835117

It has statements without terminating semicolons:


and it has weird non-C language:


I don't understand how code like that gets written. It looks like it was done by someone with no C++ experience at all.

To cap it all, the commit log message for the big change is "clam diggity".

Not exactly confidence-inspiring...


No, not at all.

If I have 1000 CLAM in one single address, I get to mine 1 block for 1 random reward every 510 blocks.
If I have 100 CLAM in each of 10 different addresses, I get to mine 10 blocks for 10 random rewards every 510 blocks.

That messes up the incentives, as I see it.

Clams are 'evolving'.

They have completely changed the proof of stake reward model.

https://github.com/nochowderforyou/clams/blob/master/src/main.cpp
Read function at line 996:
int64_t GetProofOfStakeReward(const CBlockIndex* pindex, int64_t nCoinAge, int64_t nFees )
[...]
const int64_t maxReward = 1000 * COIN; //1000 CLAMS
const int64_t minReward = 10000000; //.1 CLAM
[...]

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Quite simply, it appears the rewards for staking are now random between .1 and 1000 clams.

CoinAge is no longer relevant to reward.  I'm a bit concerned as to why this hasn't been explained better...  So far, I really dislike this change.

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@SuperClam:
This doesn't seem very correct anymore?

I see the bold large text on the op about a hard fork but it is hard to find any information about what exactly is meant. I checked back to page 19 and didn't read anything. Imho if you are forking the least that could be done is a link to the page where the main information is in the posting.

I don't mind digging for clams, but i shouldn't have to for info!

That being said, anyone have any info on the hardfork? I even checked out the reddit but saw nothing about "hardfork; info" or something of that nature. Thanks in advance!

Pretty much.  I sold all my clams at around 0.0075 CLAM/BTC.  Cleared a solid 0.5 BTC profit with little effort.

I will probably re-buy clams at some point, but I don't think it's quite time yet.

I'm waiting for a better wallet interface that has a proper GUI interface for importing wallet.dat files from BTC/LTC/Doge.  Clams can only go so far without this, IMO.

Proof of Share coins aren't mined like that... ?

Encouraging people to leave their client open (through the incentive of small but consistent rewards) does benefit the network, especially since this is a PoS only coin. Orbitcoin moved to this model a few months ago. Yes, it does also mean that people who understand staking will probably split their balance so that they'll end up with more overall stakes, but don't forget that PoS minting is still limited network-wide, so you may not necessarily be able to mint every PoS block that you are entitled to.

Not really sure about random subsidies. If the subsidy is known in advance (eg seed based on hash of the previous block) it would be trivial to add some extra code to pick and choose, only staking when the subsidy is a good amount. This could give people with relatively small balances a distinct advantage because even though they may not be able to consistently generate blocks, their per-block reward will be much higher than average.

I just posted an "issue" on github:

    https://github.com/nochowderforyou/clams/issues/3

I'm worried that the coming change to a lottery system pretty much breaks the "proof of stake" system, by making the block reward completely independent of the size of your stake.

Under the current system I can chose to run the client once a month if I like, and collect my whole month's "interest" in one lump. Or I can collect it daily. There's no benefit to doing it either way.

Under the new system I get the same expected return each time I stake. If I only run the client once a month I get 30 times less interest than if I run it every day.

Is that right, or am I mistaken?

From what I understand, you only get to make one hash per second per transaction output, so using a GPU won't get you any more coins than using a CPU.

Also, even if it did get you more blocks, each block subsidy is proportional to the CLAM-days destroyed, and so doubling the number of blocks you mine would halve the average subsidy per block.

I've been tracking block rewards I received, and noting the corresponding "days destroyed" for each.

The ones I've seen:


ie. you get about 2738 CLAMoshis per day destroyed. Sometimes you'll see odd rewards (I saw 0.01052854 a while ago) - but that's just 0.00032854 (the reward for destroying 12 CLAM-days) plus 0.0102 (the sum of the transaction fees offered by people wanting their transactions confirmed)

I think when the price was north of 0.005 BTC each we had some dumpers... For many people even 0.02 BTC is a lot of money... ( explains all the micro-trades @ poloniex )

Pure POS, 1 minute blocks, awesome distribution, CLAM is pretty under priced right now..

"This website was NOT created by the original CLAMS developers. It was created by a cryptocurrency trader and his GIRLFRIEND who think that CLAMS is just about the coolest thing they’ve ever seen. "  http://clamclient.com

If the girls like it.... watch out! The sky is the limit!  

Also the low hashrate is good for people with GPU and even CPU's to get a few while it's early...

i "dug up" my clams
http://khashier.com:2750/tx/d461658062e513736f60f9df1f2896f166d3aa57eb82cabce6264f68bf17502e

of the 357 outputs, only 4 have been redeemed or only 1.12%

can that be used to determine how many actual clams are in circulation? the rest show in the block explorer as "not yet redeemed"