WTF? "buying old used bitcoin private keys for $2 each"

Bitcoinpro

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Quote from: franky1 on January 18, 2016, 03:50:58 PM

though it appears to be clam related. i have previously seen people also want old private keys for other reasons..

one of the other reasons was to fake when they were introduced to bitcoin.
one person asked for a priv key used in 2010, so that they could then add the public key to their profile and then use the blockchain as proof that they were sending and receiving coins from 2010, and signing a message to prove they own the address used back in 2010..

i laughed and ignored the users as it smelled like they were trying to scam trust by pretending to be more involved in bitcoin then they actually are..

but it never surprises me that people will pay anything for anything these days

some of biggest accounting fraud and tax evasion tricks in the future may involve

proving ownership of old coins now that they have tax status, which is also one reason

why the mega pumps will continue and impossibility that Bitcoin can fail as claimed

by kid hearn

BayAreaCoins

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Quote from: Quickseller on January 18, 2016, 08:50:18 PM

Quote from: DaddyMonsi on January 18, 2016, 08:36:51 PM

Quote from: tobacco123 on January 18, 2016, 08:25:38 PM

What is the exchange rate between ClamCoin and Bitcoin?

Looking at Poloniex, 1 Clam = 0.00246809BTC. I have a few Clams idle in Poloniex account and it has been stable for quite some time, for me Clam is a great investment unlike other alt coins out there.

This is not true. CLAM is horribly centralized with one person (with a history of endorsing scams, and a very sketchy past) controls over 7% of the clams in circulation, plus an unknown additional amount in other addresses. Taking into account that most of the addresses in circulation are probably not attempting to stake, there is a very high chance that any block found will be found/mined by that one person.

This means that any transaction involving CLAMs can potentially be reversed even several days (or longer) after it has been initially confirmed.

*INFO from Just-Dice.com*
20:19:15 INFO: 179,953 of 3,208,032 sets of 4.60545574 CLAM were dug up so far from the initial distribution
20:19:15 INFO: 828,766 CLAM were dug up and 718,831 CLAM were staked for a total of 1,547,596 CLAM
20:19:15 INFO: Just-Dice's onsite bankroll of 1,145,256 CLAM represents 74.00% of that amount

Actually JD controls 74% of the current outstanding shares of CLAM.

They are willing to change (or at least threaten to change) the code on a whim to weed out "competitors"... worked verse me.

The problem with it being so centralized is that even if Dooglus is a good guy and wouldn't do anything bad with the power... what if a Carl Force type character took control on Doogs computer or USA based server... they could literally rob the ecosystem blind over night. This would result in huge losses for any exchange or service supporting CLAM.

They could put Poloniex and others out of business over night.

DaddyMonsi

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Quote from: Quickseller on January 18, 2016, 08:50:18 PM

Quote from: DaddyMonsi on January 18, 2016, 08:36:51 PM

Quote from: tobacco123 on January 18, 2016, 08:25:38 PM

What is the exchange rate between ClamCoin and Bitcoin?

Looking at Poloniex, 1 Clam = 0.00246809BTC. I have a few Clams idle in Poloniex account and it has been stable for quite some time, for me Clam is a great investment unlike other alt coins out there.

This is not true. CLAM is horribly centralized with one person (with a history of endorsing scams, and a very sketchy past) controls over 7% of the clams in circulation, plus an unknown additional amount in other addresses. Taking into account that most of the addresses in circulation are probably not attempting to stake, there is a very high chance that any block found will be found/mined by that one person.

This means that any transaction involving CLAMs can potentially be reversed even several days (or longer) after it has been initially confirmed.

Hey thanks QS for clarifying that. I am not aware of that one. All I do to collect Clams is buy and hold in Poloniex, never used it with any transaction yet or sell it anyone yet.

Quickseller

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Quote from: DaddyMonsi on January 18, 2016, 08:36:51 PM

Quote from: tobacco123 on January 18, 2016, 08:25:38 PM

What is the exchange rate between ClamCoin and Bitcoin?

Looking at Poloniex, 1 Clam = 0.00246809BTC. I have a few Clams idle in Poloniex account and it has been stable for quite some time, for me Clam is a great investment unlike other alt coins out there.

This is not true. CLAM is horribly centralized with one person (with a history of endorsing scams, and a very sketchy past) controls over 7% of the clams in circulation, plus an unknown additional amount in other addresses. Taking into account that most of the addresses in circulation are probably not attempting to stake, there is a very high chance that any block found will be found/mined by that one person.

This means that any transaction involving CLAMs can potentially be reversed even several days (or longer) after it has been initially confirmed.

DaddyMonsi

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Quote from: tobacco123 on January 18, 2016, 08:25:38 PM

What is the exchange rate between ClamCoin and Bitcoin?

Looking at Poloniex, 1 Clam = 0.00246809BTC. I have a few Clams idle in Poloniex account and it has been stable for quite some time, for me Clam is a great investment unlike other alt coins out there.

BayAreaCoins

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Quote from: dooglus on January 18, 2016, 08:32:29 PM

Quote from: BayAreaCoins on January 18, 2016, 08:13:40 PM

CLAM is a centralized coin. It's basically whatever Dooglus says since he is basically the King/President of CLAM. He can change core rules, reverse transactions and pretty much anything else he'd like or felt was "fair".

So you are saying I could have stopped digging if I wanted to, but I didn't stop digging.

Doesn't that imply that I don't want to?

Basically, if the CLAM developers wanted to remove digging it would be gone already. We can change the client code and we control the majority of the coins. And yet we didn't do it.

I don't think any of us want to make an unpopular change to the rules, but we are all happy to make a change if the community shows sufficient support for it. That is all.

You saw my business as a competitor to your business and I believe if I didn't close my doors when I did then you would have changed the client code in order to put me out of business.

I closed my shit completely so other people wouldn't get robbed of their "free" coins.

Plus Xploited broke his deal with me and the site still wasn't running sound even though I paid for a working site. (Gave a Alienware laptop for it)

BayAreaCoins

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Quote from: tobacco123 on January 18, 2016, 08:25:38 PM

What is the exchange rate between ClamCoin and Bitcoin?

Around .0025 BTC per clam, so a little over .01BTC per "empty" BTC, LTC and/or DOGE wallet.

dooglus

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Quote from: BayAreaCoins on January 18, 2016, 08:13:40 PM

CLAM is a centralized coin. It's basically whatever Dooglus says since he is basically the King/President of CLAM. He can change core rules, reverse transactions and pretty much anything else he'd like or felt was "fair".

So you are saying I could have stopped digging if I wanted to, but I didn't stop digging.

Doesn't that imply that I don't want to?

Basically, if the CLAM developers wanted to remove digging it would be gone already. We can change the client code and we control the majority of the coins. And yet we didn't do it.

I don't think any of us want to make an unpopular change to the rules, but we are all happy to make a change if the community shows sufficient support for it. That is all.

justspare

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Quote from: AgentofCoin on January 18, 2016, 03:37:45 PM

Yes, this is related to CLAM coin.
CLAM coin is an altcoin that was distributed by whether you were holding BTC, LTC, or DOGE, in a address on a certain date.
If you do, that address can be "harvested" or "dug" as they call it, to get the CLAM coins.

So what the hell is this "clam coin". I have never heard of it. Could you please explain for the people that haven't been into Bitcoin for a long time.

tobacco123

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What is the exchange rate between ClamCoin and Bitcoin?

fortunecrypto

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Quote from: dooglus on January 18, 2016, 07:55:12 PM

Quote from: BayAreaCoins on January 18, 2016, 07:23:05 PM

You should claim your money before the developers remove the digging in order to protect their and early diggers coins "value"... this was a big talk not very long ago... they want to completely change the core distribution of the coin because there was to many sellers.

This isn't true. I don't think any of the CLAM developers want to stop digging.

What we want is for the community to decide whether it happens or not. Currently it appears that the community wants digging to continue, and so digging is continuing.

Can I get a clamcoin my bitcoin address was established march 2014 what is the process of doing or digging it I am interested this is the first time I heard of such thing neither of my friends ,can you send me the exact guide on how to get those clams using an old bitcoin address?

BayAreaCoins

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Owner at AltQuick.com

Quote from: dooglus on January 18, 2016, 07:55:12 PM

Quote from: BayAreaCoins on January 18, 2016, 07:23:05 PM

You should claim your money before the developers remove the digging in order to protect their and early diggers coins "value"... this was a big talk not very long ago... they want to completely change the core distribution of the coin because there was to many sellers.

This isn't true. I don't think any of the CLAM developers want to stop digging.

What we want is for the community to decide whether it happens or not. Currently it appears that the community wants digging to continue, and so digging is continuing.

I stand by my statement. I believe it is true from the conversations I've had with Creative, Xploited and even Dooglus.

CLAM is a centralized coin. It's basically whatever Dooglus says since he is basically the King/President of CLAM. He can change core rules, reverse transactions and pretty much anything else he'd like or felt was "fair".

dooglus

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Quote from: BayAreaCoins on January 18, 2016, 07:23:05 PM

You should claim your money before the developers remove the digging in order to protect their and early diggers coins "value"... this was a big talk not very long ago... they want to completely change the core distribution of the coin because there was to many sellers.

This isn't true. I don't think any of the CLAM developers want to stop digging.

What we want is for the community to decide whether it happens or not. Currently it appears that the community wants digging to continue, and so digging is continuing.

BayAreaCoins

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Activity: 4004

Merit: 1250

Owner at AltQuick.com

Quote from: isvicre on January 18, 2016, 06:02:44 PM

Seems pretty stupid idea to me. I never read about CLAM before but this type of distribution is ridiculous. I have hundreds of used BTC private keys so can I get some CLAM for this? And they give me free money? That sounds dumb. Who buy CLAM then?

It is free money. You should dig your coins and sell them for "free" Bitcoins (or whatever). The best place to sell is Poloniex at the moment.

You can also stake your coins... which basically means you let the coins sit in your online wallet and it "mines" more coins.

I think the most recent numbers are every 900 Clamcoins will earn 1 Clamcoin per day.

You should claim your money before the developers remove the digging in order to protect their and early diggers coins "value"... this was a big talk not very long ago... they want to completely change the core distribution of the coin because there was to many sellers. That is why I closed down all my Clamcoin services. It is similar to if people mined a bunch of Bitcoins in 2009-2013 and then wanted to remove Bitcoin mining because the China miners were selling what they mined.

Quote from: BTCBinary on January 18, 2016, 06:36:55 PM

The guy is most certainly trying to dig for Clam coins. Since it can only be obtained from a BTC address in a given date, the guy is probably doing a tresure hunt.

Bitcoin, Litecoin and Dogecoin

BTCBinary

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Quote from: bitpump on January 18, 2016, 03:23:43 PM

Can somebody explain this ad to me?
Is there a vulnerability in May 2014?
Is this for forensics?

Source: https://localbitcoins.com/ad/304391

Sell bitcoins using BTC Private Key (used) with US Dollar (USD)

Terms of trade with timeflux:
Hello I am buying old used bitcoin private keys for $2 each (paid in bitcoin)
- The btc address must have had funds in it (at least .0001) from May 1st, 2014 through May 13th 2014.
- the btc address has to have 0.0 in it now or less than .0001 ( so move your funds first is ok)
- The process takes about an hour, maybe sooner depending on blockchain confirmations
- you send me the addresses first (not the private keys yet.) so I can make sure they are valid before trade.
- If valid, then you send the private keys and I send you back $2 worth of bitcoin to whatever address you'd like. We can do a few at a time to ensure trust, $4 or $8 worth at a time etc. More if you'd like but this is safer for both of us.
- email me at chris.********@gmail.com to check availability and addresses etc.
Thanks

The guy is most certainly trying to dig for Clam coins. Since it can only be obtained from a BTC address in a given date, the guy is probably doing a tresure hunt.

Holdaaja

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Quote from: isvicre on January 18, 2016, 06:02:44 PM

Seems pretty stupid idea to me. I never read about CLAM before but this type of distribution is ridiculous. I have hundreds of used BTC private keys so can I get some CLAM for this? And they give me free money? That sounds dumb. Who buy CLAM then?

Not everyone has hundreds over 1 year old private keys saved.
I have zero.

isvicre

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Activity: 826

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Seems pretty stupid idea to me. I never read about CLAM before but this type of distribution is ridiculous. I have hundreds of used BTC private keys so can I get some CLAM for this? And they give me free money? That sounds dumb. Who buy CLAM then?

BayAreaCoins

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www.clamcoin.org (owned by me)

All Bitcoin, Litecoin and Dogecoin addresses that held a balance over "dust" amounts on May 12, 2014 were given 4.60545574 Clamcoins each (regardless of the wallets balance... aka 100BTC got the same as .01 BTC wallets.)

I ran Clamchecker.com for a while which was a automated service for purchasing private keys. It closed when the developers threatened to remove the dig feature because a old digger was digging to much and selling their coins.

I think CreativeCLAM and Xploited are scammers at heart (the main developers of this altcoin) and would advise people to proceed with cation investing wise.

If you do dig for Clamcoins be sure that the private keys are empty and completely retired.

franky1

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though it appears to be clam related. i have previously seen people also want old private keys for other reasons..

one of the other reasons was to fake when they were introduced to bitcoin.
one person asked for a priv key used in 2010, so that they could then add the public key to their profile and then use the blockchain as proof that they were sending and receiving coins from 2010, and signing a message to prove they own the address used back in 2010..

i laughed and ignored the users as it smelled like they were trying to scam trust by pretending to be more involved in bitcoin then they actually are..

but it never surprises me that people will pay anything for anything these days

bitpump

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Quote from: ?? on ??

I don't understand, can you explain this ?

apparantly, you can claim CLAM if you did own bitcoin in certain time period
instruction for this at: https://www.reddit.com/r/dogecoin/comments/2pjeh5/heard_about_this_clam_stuff_how_i_got_64_in/

nice distribution method

Topic: WTF? "buying old used bitcoin private keys for $2 each" (Read 1472 times)