well all discussion here is somewhat advertisement for coins but I would seriously like to get opinions on the following situation:
was clams ever discussed here?
clams were distributed to all non-dust bitcoin, dogecoin and litecoin adresses somewhen a year ago - so every non-dust adress of the three coins got 4.6 clams (around 3,1 million coins initital distribution). they use a pows, which is in im my opion a proof of stake which randomly (?) gives 1 clam every minute to every supporter of the decentralised network.
well all of this is quite boring but clams have a purpose. they are the in-house-currency of one of the most trusted dice sites: just-dice. I think dooglus is a well known person within the cryptosphere - he managed days back a very large amount of btc on just-dice and never ran. now his casino has an inhouse investment of around 540k clams (around 650k$)
what is interesting is that clams have an interest rate of around 0,2% per day on just-dice (according to dooglus) - this is all fine but you had this massive exchange risk given that clams are one of the hundreds of altcoins flying around. what basically changed today is that clams are now on margin trade on poloniex. theoretically you could insure the exchange rate of your casino investment, but you have to find someone who is giving a loan on clams.
since you have the interest rate of 0,2% per day on just-dice for clams, you have to find a good reason to give loans at a much lower rate on poloniex. the counterparty is risk is at least as low on just-dice as it is on poloniex etc. pp.
compare a 0.2% per day with the other interest rates: it think btc has around 0.07%, xmr around 0.004%, dash around 0.02% - this should have some implications.
given this special situation I assume we will see an interesting price discovery regarding clams
opinions regarding the situation?
was clams ever discussed here?
clams were distributed to all non-dust bitcoin, dogecoin and litecoin adresses somewhen a year ago - so every non-dust adress of the three coins got 4.6 clams (around 3,1 million coins initital distribution). they use a pows, which is in im my opion a proof of stake which randomly (?) gives 1 clam every minute to every supporter of the decentralised network.
well all of this is quite boring but clams have a purpose. they are the in-house-currency of one of the most trusted dice sites: just-dice. I think dooglus is a well known person within the cryptosphere - he managed days back a very large amount of btc on just-dice and never ran. now his casino has an inhouse investment of around 540k clams (around 650k$)
what is interesting is that clams have an interest rate of around 0,2% per day on just-dice (according to dooglus) - this is all fine but you had this massive exchange risk given that clams are one of the hundreds of altcoins flying around. what basically changed today is that clams are now on margin trade on poloniex. theoretically you could insure the exchange rate of your casino investment, but you have to find someone who is giving a loan on clams.
since you have the interest rate of 0,2% per day on just-dice for clams, you have to find a good reason to give loans at a much lower rate on poloniex. the counterparty is risk is at least as low on just-dice as it is on poloniex etc. pp.
compare a 0.2% per day with the other interest rates: it think btc has around 0.07%, xmr around 0.004%, dash around 0.02% - this should have some implications.
given this special situation I assume we will see an interesting price discovery regarding clams
opinions regarding the situation?
