Just-Dice.com : now with added CLAMs : Play or Invest - page 67.

Keyser Soze

sr. member

Activity: 470

Merit: 250

Quote from: picolo on December 16, 2014, 06:02:58 PM

Quote from: ranlo on December 16, 2014, 05:19:15 PM

Quote from: uvwvj on December 16, 2014, 02:19:49 PM

14:12:36 INFO: 47,758 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
14:12:36 INFO: 219,947 CLAM were dug up and 150,163 CLAM were staked for a total of 370,110 CLAM
14:12:36 INFO: Just-Dice's bankroll of 179,232 CLAM represents 48.43% of that amount
14:12:36 INFO: if all the distributed CLAMs were dug up, the total money supply would be 14,924,564 CLAM

Am I reading this right, that only 1.5% of the initial distribution has been claimed?

2.5%

1.5% is correct for initial distribution, 2.5% is the current supply divided by total possible supply.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: ranlo on December 16, 2014, 05:19:15 PM

Quote from: uvwvj on December 16, 2014, 02:19:49 PM

14:12:36 INFO: 47,758 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
14:12:36 INFO: 219,947 CLAM were dug up and 150,163 CLAM were staked for a total of 370,110 CLAM
14:12:36 INFO: Just-Dice's bankroll of 179,232 CLAM represents 48.43% of that amount
14:12:36 INFO: if all the distributed CLAMs were dug up, the total money supply would be 14,924,564 CLAM

Am I reading this right, that only 1.5% of the initial distribution has been claimed?

2.5%

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: uvwvj on December 16, 2014, 02:19:49 PM

14:12:36 INFO: 47,758 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
14:12:36 INFO: 219,947 CLAM were dug up and 150,163 CLAM were staked for a total of 370,110 CLAM
14:12:36 INFO: Just-Dice's bankroll of 179,232 CLAM represents 48.43% of that amount
14:12:36 INFO: if all the distributed CLAMs were dug up, the total money supply would be 14,924,564 CLAM

Am I reading this right, that only 1.5% of the initial distribution has been claimed?

Vani

full member

Activity: 140

Merit: 100

Nice to see that JD is back Cool

uvwvj

full member

Activity: 145

Merit: 100

My analysis of Just-Dice -

Treat Clams like a "sidechain" coin used for JD with JD's Market Cap being the Clam Market Cap and USD being the basis since it is gambling based

JD is up 3% in profit - 15k Clams at 0.00057 at $336 = $2,872.80
$2,872.80 x 26 weeks (2 weeks openish) = $74,692.80 - x 10 years = $746928.00
total of 370,110 CLAM
370,110 x 0.00057 * 336 =$708kUSD

Therefore JD right now is worth $750K and thus the reason the pricing of the Clam

Until JD does more profits (mainly volume) the price of Clams should remain the same or go down as Clams come on line -

Just be careful with the ability to dig Clams

14:12:36 INFO: 47,758 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
14:12:36 INFO: 219,947 CLAM were dug up and 150,163 CLAM were staked for a total of 370,110 CLAM
14:12:36 INFO: Just-Dice's bankroll of 179,232 CLAM represents 48.43% of that amount
14:12:36 INFO: if all the distributed CLAMs were dug up, the total money supply would be 14,924,564 CLAM

pascal257

sr. member

Activity: 493

Merit: 262

Quote from: ranlo on December 16, 2014, 01:36:59 AM

You're missing something I think:

JD opens: BTC can be traded to fiat BUT it's not considered as a currency ANYWHERE
BTC becomes legally recognized as a currency in the U.S., and to some degree, abroad. JD closes due to legal concerns

CLAM releases earlier this year
CLAM can't be traded to USD. JD opens accepting CLAM (just like they did with BTC before BTC was a legal concern), likely under the assumption that it's not a currency (read: just like BTC was when they first opened)

This.

JD probably closed because they were operating a "real-money" gambling site. (At least in their jurisdiction). I guess with CLAM this changes pushing JD back into some kind of grey area. Maybe that's also why doog is often hinting that CLAM can't be exchanged for (US/Canadian) dollars.

Cyrax89721

sr. member

Activity: 321

Merit: 250

I have no idea what you guys are even trying to argue over.

picolo

hero member

Activity: 1022

Merit: 500

Quote from: BayAreaCoins on December 16, 2014, 02:47:54 AM

Quote from: picolo on December 16, 2014, 02:28:51 AM

Just-Dice is great but you are re-writing history, not even dooglus, or especially not dooglus will say that just-dice had an impact on Bitcoin being recognized or going to 1000$/BTC a year ago.

Just-dice being open certainly didn't hurt Bitcoin last year and I'm 100% sure it helped the price.

60,000 BTC is no bullshit

I watched BTC go from $80 to >$1000 during JD life time and I do believe in my heart of heart that the Bitcoin price was directly related to the site and the troll box as well. (Plus obviously Willy bot ect!)

One of the few chats where you have a Billionaire, a Pool owner, a homeless person, a business person, a marketing person and whatever else all in the same room shooting the shit.

Just-dice is still the best Bitcoin/Dogecoin investment in my opinion even if it isn't Bitcoin or Dogecoin (or even Litecoin.)

Being a first market mover is a scary thing and I tip my hat to Doog.

No doubt Just-Dice had a positive impact on Bitcoin but you are overestimating it in my opinion. You are too close to Just-Dice and not enough to all other aspects of Bitcoin to judge accurately.

BayAreaCoins

legendary

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Owner at AltQuick.com

Quote from: ChocoBoy on December 16, 2014, 03:29:34 AM

Quote from: BayAreaCoins on December 16, 2014, 03:10:41 AM

Quote from: ChocoBoy on December 16, 2014, 03:06:40 AM

where can i buy clam?

You should always get your free coins first, but after that check out:

https://poloniex.com/exchange/btc_clam

Hopefully more to come so we can arb ect.

the free coins are in all my btc wallets with btc in them, right? is this exchange the only exchange to buy and is it safe to buy there?

First off ALWAYS be sure to move all the Bitcoins, Litecoins or Dogecoins before claiming clam.

Do not share secrets that have value with anyone if you expect them to be secrets!

After you move the coins then it is safe to "dig them".

Type /dig in the Just-dice troll box for further details (so no need to trust the CLAM client.)

Polo has always been good for me, but I try never to leave more than 5 Bitcoins with them at a time. Just to be safe... they had a hack at the start of their exchange, but they paid it all back... but still!

ChocoBoy

newbie

Activity: 8

Merit: 0

Quote from: BayAreaCoins on December 16, 2014, 03:10:41 AM

Quote from: ChocoBoy on December 16, 2014, 03:06:40 AM

where can i buy clam?

You should always get your free coins first, but after that check out:

https://poloniex.com/exchange/btc_clam

Hopefully more to come so we can arb ect.

the free coins are in all my btc wallets with btc in them, right? is this exchange the only exchange to buy and is it safe to buy there?

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: picolo on December 16, 2014, 02:28:51 AM

Quote from: ranlo on December 16, 2014, 01:36:59 AM

Quote from: BayAreaCoins on December 16, 2014, 01:22:54 AM

Quote from: ranlo on December 16, 2014, 01:13:09 AM

Quote from: BayAreaCoins on December 16, 2014, 12:57:01 AM

Quote from: picolo on December 16, 2014, 12:44:34 AM

Quote from: ranlo on December 15, 2014, 09:22:43 PM

Quote from: pascal257 on December 15, 2014, 08:39:50 PM

I really don't understand the switch to CLAM. I haven't researched that altcoin immensely, but from what I understand ~~it's quite stupid~~ it's initial coin distribution was meant to be fair, but for some cases absolutely wasn't. But that's not the point here.

The reasoning behind the usage of CLAM is because the amount of BTC was too high back in the days. What CLAM actually does is introduce exchange rate risks for players and investors. Because who are we kidding? How many players and investors are actually using their own CLAM instead of exchanging them.

CLAM prices ten-folded after the re-opening of JD. I don't know if there were any events beside that, but looking at the history of CLAMs exchange rate, it seems pretty obvious that JD played a huge role here.

So the only thing that's keeping players/investors back is CLAMs uncertain future. If that was the plan, then it will prolly work to some extent.

The reason for going to CLAM, as far as I understand, is that it isn't easily converted to fiat yet

But when it will dooglus will not close Just-Dice.

CLAM was a way to reopen without doing a bitcoin dice.

Kinda like owning a full auto weapon, a short rifle or a large magazine before they were against the law.... Grandfathered in.

JD was opened before bitcoins were considered a currency, so that isn't really true...

Bitcoin isn't considered currency where I am.

It is considered property and there was plenty of options to go straight to USD when JD opened... Not so much with ze CLAM.

You're missing something I think:

JD opens: BTC can be traded to fiat BUT it's not considered as a currency ANYWHERE
BTC becomes legally recognized as a currency in the U.S., and to some degree, abroad. JD closes due to legal concerns

CLAM releases earlier this year
CLAM can't be traded to USD. JD opens accepting CLAM (just like they did with BTC before BTC was a legal concern), likely under the assumption that it's not a currency (read: just like BTC was when they first opened)

Just-Dice is great but you are re-writing history, not even dooglus, or especially not dooglus will say that just-dice had an impact on Bitcoin being recognized or going to 1000$/BTC a year ago.

I'm not sure how your comment was in any way related to anything you quoted. You're bringing in a whole different conversation. If you read what you quoted, we were simply discussing why they closed (when accepting BTC) but reopened using a new currency (CLAM) instead of going back to BTC.