If someone wins the entire bankroll of JD aka 100k clams, then he'll have extreme trouble cashing them out
The bankroll of JD is 1,144,036 CLAMs, or about 11.5 times more than your guess of 100k.
I might have miscounted 1 zero...
Topic: Just-Dice.com : now with added CLAMs : Play or Invest - page 22. (Read 454769 times)
Is it just me, or is the site down right now? Tried to access it and it gave me a cached version.
The bankroll of JD is 1,144,036 CLAMs, or about 11.5 times more than your guess of 100k.
I might have miscounted 1 zero...
The bankroll of JD is 1,144,036 CLAMs, or about 11.5 times more than your guess of 100k.
I might have miscounted 1 zero...
If someone wins the entire bankroll of JD aka 100k clams, then he'll have extreme trouble cashing them out
The bankroll of JD is 1,144,036 CLAMs, or about 11.5 times more than your guess of 100k.
At these stage Just-Dice on CLAM is pointless. Imagine if you win, you will lose too much money when you try to sell CLAMs on Polo, with little volume and lower and lower price every day.
For that reason you will still play and lose at the end. These is good for the house but still will end bad with lots of worthless CLAMs.
If you win 10.000 CLAMs you will need to sell them for half of the price. Over that amount is impossible to sell.
To put it simply; CLAM is copy-shit-coin and will ruin Just-Dice reputation.
For that reason you will still play and lose at the end. These is good for the house but still will end bad with lots of worthless CLAMs.
If you win 10.000 CLAMs you will need to sell them for half of the price. Over that amount is impossible to sell.
To put it simply; CLAM is copy-shit-coin and will ruin Just-Dice reputation.
Actually, that is very true. If someone wins the entire bankroll of JD aka 100k clams, then he'll have extreme trouble cashing them out. He might even lose bitcoin in the end since he probably bought his clams with BTC. If someone wins even 10% of that bankroll, the clam price would crash like hell.
Or, the person who won them could be smart about how he sells them and not crash the price. He'd have to be patient, but there are actually plenty of CLAM buyers. The trick is obviously not to overwhelm them, instead, sell off a little per day and you're fine.
At these stage Just-Dice on CLAM is pointless. Imagine if you win, you will lose too much money when you try to sell CLAMs on Polo, with little volume and lower and lower price every day.
For that reason you will still play and lose at the end. These is good for the house but still will end bad with lots of worthless CLAMs.
If you win 10.000 CLAMs you will need to sell them for half of the price. Over that amount is impossible to sell.
To put it simply; CLAM is copy-shit-coin and will ruin Just-Dice reputation.
For that reason you will still play and lose at the end. These is good for the house but still will end bad with lots of worthless CLAMs.
If you win 10.000 CLAMs you will need to sell them for half of the price. Over that amount is impossible to sell.
To put it simply; CLAM is copy-shit-coin and will ruin Just-Dice reputation.
Actually, that is very true. If someone wins the entire bankroll of JD aka 100k clams, then he'll have extreme trouble cashing them out. He might even lose bitcoin in the end since he probably bought his clams with BTC. If someone wins even 10% of that bankroll, the clam price would crash like hell.
At these stage Just-Dice on CLAM is pointless. Imagine if you win, you will lose too much money when you try to sell CLAMs on Polo, with little volume and lower and lower price every day.
For that reason you will still play and lose at the end. These is good for the house but still will end bad with lots of worthless CLAMs.
If you win 10.000 CLAMs you will need to sell them for half of the price. Over that amount is impossible to sell.
To put it simply; CLAM is copy-shit-coin and will ruin Just-Dice reputation.
For that reason you will still play and lose at the end. These is good for the house but still will end bad with lots of worthless CLAMs.
If you win 10.000 CLAMs you will need to sell them for half of the price. Over that amount is impossible to sell.
To put it simply; CLAM is copy-shit-coin and will ruin Just-Dice reputation.
Oh Wowzers, that was some serious money-blow-job there...
What is the current inflation rate and how frequently does it drop? Is it at set intervals?
There are two things that inflate the active money supply:
1) staking
2) digging
Staking: every time a new block is found, 1 new CLAM is created. The network stakes 1 block per minute on average. That's 1440 new CLAMs per day. There are currently a little less than 1.6 million CLAMs in the active money supply, so the 1440 new CLAMs created daily correspond to 0.09% inflation per day, or around 33% over the next year.
>>> 1440.0 * 100 / 1.6e6
0.09
>>> 365 * 1440.0 * 100 / 1.6e6
32.85
Digging: CLAM was initially given out free to all BTC, LTC, and DOGE holders. Most of those holders didn't claim their CLAMs, but they still can if they want to. So far only 832,961 CLAM were claimed out of around 15 million. It's possible that someone will start claiming thousands of old BTC addresses which will cause sudden massive inflation. And it's possible they won't. We just can't tell.
So how often does the inflation rate drop?
Staking: inflation is 1 CLAM per minute, but the total supply is constantly increasing, so as a percentage that 1 CLAM per minute is less each time.
Digging: it depends entirely on when people dig, and how much.
Ok, turns out I knew more than I thought. I knew all of this, so when you said the inflation rate was dropping over time, I was wondering if the rate of *new* clams was dropping (as in, instead of a new clam every minute, a new clam every two minutes or half a clam per minute) so that the inflation rate slows. But I see now that you're talking about the inflation rate as a function of what already exists, not in absolute terms.
Isn't 33% a huge inflation number?
Will staking be reduced at some point?
Will staking be reduced at some point?
CLAM consensus rules are guided by CLAMour, the community petition system. If the majority want a change they'll likely get it.
The current rules specify a fixed 1 CLAM per block reward, so the inflation percentage is constantly reducing.
CLAMour has a long way to go to meet the high standards of intellectual discussion and decorum on display in the block size debate. Anonymous unlimited comment on the internet - that's the way to gauge and reach consensus.
Isn't 33% a huge inflation number?
Will staking be reduced at some point?
Will staking be reduced at some point?
CLAM consensus rules are guided by CLAMour, the community petition system. If the majority want a change they'll likely get it.
The current rules specify a fixed 1 CLAM per block reward, so the inflation percentage is constantly reducing.
Isn't 33% a huge inflation number?
Will staking be reduced at some point?
Will staking be reduced at some point?
Don't the staked CLAM stake again? Would mean 1.0009^365=1,389, so around 39% over the next year.
The staked CLAM stake again, but the money supply grows each time they do, so the percentage increase goes down each time. That means you need to use a simple interest calculation, not compound interest.
A simpler example:
Suppose the money supply was 100k, and 1k was staked per day for 10 days. That's 1% growth in the first day, 0.99% the 2nd day, 0.98% the 3rd day, and the rate keeps dropping each day. But after 10 days the total supply has risen 10k to 110k, which means it has grown by exactly 10%.
Does that make sense?
Staking: every time a new block is found, 1 new CLAM is created. The network stakes 1 block per minute on average. That's 1440 new CLAMs per day. There are currently a little less than 1.6 million CLAMs in the active money supply, so the 1440 new CLAMs created daily correspond to 0.09% inflation per day, or around 33% over the next year.
>>> 1440.0 * 100 / 1.6e6
0.09
>>> 365 * 1440.0 * 100 / 1.6e6
32.85
Don't the staked CLAM stake again? Would mean 1.0009^365=1,389, so around 39% over the next year. >>> 1440.0 * 100 / 1.6e6
0.09
>>> 365 * 1440.0 * 100 / 1.6e6
32.85
What is the current inflation rate and how frequently does it drop? Is it at set intervals?
There are two things that inflate the active money supply:
1) staking
2) digging
Staking: every time a new block is found, 1 new CLAM is created. The network stakes 1 block per minute on average. That's 1440 new CLAMs per day. There are currently a little less than 1.6 million CLAMs in the active money supply, so the 1440 new CLAMs created daily correspond to 0.09% inflation per day, or around 33% over the next year.
>>> 1440.0 * 100 / 1.6e6
0.09
>>> 365 * 1440.0 * 100 / 1.6e6
32.85
Digging: CLAM was initially given out free to all BTC, LTC, and DOGE holders. Most of those holders didn't claim their CLAMs, but they still can if they want to. So far only 832,961 CLAM were claimed out of around 15 million. It's possible that someone will start claiming thousands of old BTC addresses which will cause sudden massive inflation. And it's possible they won't. We just can't tell.
So how often does the inflation rate drop?
Staking: inflation is 1 CLAM per minute, but the total supply is constantly increasing, so as a percentage that 1 CLAM per minute is less each time.
Digging: it depends entirely on when people dig, and how much.
Hi, I did some math on my commision history and I figured out, that if you have offsite less than 6 you are paying more on the staking fees, that you make on the bankroll.
I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.
With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).
I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.
With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).
I don't know if you understand how it works or not, so I'll explain:
1) Bankroll profits are charged 10% commission on new net profits at the end of each week.
2) Staking profits are charged 10% commission at source.
So if in a week you earn 10 CLAMs from staking and 10 CLAMs from bankrolling, you will pay 1 CLAM commission twice and end up with 18 CLAMs profit.
You seem to be saying that if you are at offsite 6x then the staking profit is 10 times the bankroll profit, and so the commission on staking is equal to the profit from bankrolling. That may be the case, but I don't understand your point. What of it? If your bankroll profit didn't cover your staking commission you're still making a profit on both.
Currently, CLAM inflation is pretty high, and so staking rewards tend to swamp bankroll profits. The rate of inflation drops constantly, and so over time we can expect bankroll profits to become increasingly significant.
I don't know very much about this. What is the current inflation rate and how frequently does it drop? Is it at set intervals?
Hi, I did some math on my commision history and I figured out, that if you have offsite less than 6 you are paying more on the staking fees, that you make on the bankroll.
I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.
With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).
I am investing on JD since January last year. Without offsite my bankroll profit would be 5 CLAMs while my staking profit is 300. It means I "paid" 30 CLAMs on staking fees while get only 5 on bankroll.
With offsite 10x its still ok, but if you are using offsite 1x is investing on JD pointless (in case you are investing only because of bankroll profit).
I don't know if you understand how it works or not, so I'll explain:
1) Bankroll profits are charged 10% commission on new net profits at the end of each week.
2) Staking profits are charged 10% commission at source.
So if in a week you earn 10 CLAMs from staking and 10 CLAMs from bankrolling, you will pay 1 CLAM commission twice and end up with 18 CLAMs profit.
You seem to be saying that if you are at offsite 6x then the staking profit is 10 times the bankroll profit, and so the commission on staking is equal to the profit from bankrolling. That may be the case, but I don't understand your point. What of it? If your bankroll profit didn't cover your staking commission you're still making a profit on both.
Currently, CLAM inflation is pretty high, and so staking rewards tend to swamp bankroll profits. The rate of inflation drops constantly, and so over time we can expect bankroll profits to become increasingly significant.
I don't know very much about this. What is the current inflation rate and how frequently does it drop? Is it at set intervals?
Suddenly, without warning:
More than $32k in no time at all! People are crazy! Oh well, 33 extra clam for me
Also good to see that if he had been lucky I wouldn't be wiped out. 
Suddenly, without warning:
I was wondering where that came from
All of the sudden bam
(lol sent my 30x to 25x pre-change)
I think that's the largest single bet yet, isn't it? (the 25K one).
Yeah. The previous biggest was 24k...
By the way, what's the latest on the changes to offsite? Are you getting rid of it altogether?
I said I wouldn't reduce it below 25x until after offering a 'staking only' option.
The maximum offsite multiplier is currently at 25x.
Damn that was a crazy loss guy has some balls for sure.
Suddenly, without warning:
You're the Japan to his whale!
Wow, site profit through roof. Sorry for starfish, but I'm glad I went offsite max a few days ago. Myohmy. I think that's the largest single bet yet, isn't it? (the 25K one).
By the way, what's the latest on the changes to offsite? Are you getting rid of it altogether?
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