How CLAM were distributed is an entirely different topic. What I mean is that they aren't being used for anything else than betting/investing in Just Dice, so they are like casino coins/shares.

Thank you for the reply.

However, I fear that any CLAM holdings (measured in BTC value) would drop 90 % or more if dooglus
decides to close the site. This doesn´t even have to be for regulatory reasons, it could simply be that
he wants to move on to another project or hobby and calls it a day.

This would really crush the CLAM markets, because Just-Dice is arguably the largest use case - user Timetwister seems
to agree with me on this - of CLAM right now.

The same situation would happen if dooglus decided to accept altcoin X instead of CLAM.
After all there are many people that doubt the technical viability of PoS-based coins in the long-term and CLAM
is a PoS coin if I´m informed correctly.

Many things could motivate him to close the site:
-a new project that isn´t gambling related and/or dependent on user investment
-real life issues (illness of him or one of his loved ones) that force him to reevaluate his plans
-site investment exceeds an US$ equivalent of an amount that dooglus is uncomfortable in holding on to for people (after all this was one
of the reasons why he abandoned BTC as the just-dice currency)

Obviously, I´m just speculating, but if one of these things were to happen, the current investors would be pretty
disappointed with nearly a million CLAM invested.

Besides from these potential issues regarding dooglus as a person there are other potential situations, which could
plummet the CLAM price (e.g. PoS coins prove to be unviable in the long-term).

Don´t get me wrong, I trust dooglus and his intentions, but with the current investment amount (nearly a million CLAM), my concerns
have a place and are probably shared by other people as well.

Investors are forced to use a multiplier as big as the rest of investors, so their position isn't deluted

If someone comes and starts betting for max profit and winning it, investors wouldn't be able to buy the needed CLAMS to deposit them, even if they are online and ready to buy them in an exchange (totally unrealistic). Actually, there aren't even enough CLAMS being offered in exchanges to buy them in that scenario (357703 are available on Poloniex now, that's only about 40% of the insite bankroll, and that obviously includes those listed for way more than the current price, like a 190345 clams sell order for BTC0.008 each, about 4 times the current price). An scenario like a short squeeze would occur in that case. It's just not possible to buy back hundreds of thousands of CLAMS.

What you are allowing, which is basically leverage, wouldn't be that problematic if it wasn't because Just-Dice bankroll is about 1/3 of the total supply of this coin, and average leverage is 1:15. The scenario of someone betting for the max profit may be unlikely, but it just makes no sense to risk getting in that situation. In that scenario, only those that aren't lying with their insite+offsite bankroll (which is probably just a minority of people as you are forced to be at 1:25 not to be deluted) would be able to bear the downswing. Meanwhile the rest of investors would be losing about 7% of their CLAMS in each max profit lost bet, instead of the optimal 1% or a conservative 0.5%.

I don't see the problem? If there are 357.703 coins available to be bought on polonies (there are probably other sites who sell the coins as well), and the max win is 70k-ish, everyone would be able to buy their CLAMS back.



I don't see the problem here either. As an investor, you have the choise to take a higher risk, you don't have to if you don't want to.
Personally, I like to have more profit as an investor, so I do take a higher leverage when I invest. If I lose bigger, I realize that it's part of the game, but in the long run, I'm making more money.

Just-Dice.com

Check out the gambling site I made.  It's a dice game, with the following features:

* low 1% house edge
* near-instant rolls
* off-the blockchain, so no blockchain spam
* high limits - currently you can win 21 31 58 75 90 114 129 142 153 219 291 BTC per roll* - and the limits go up daily
* win up to 1 million times your bet
* pick your own odds of winning
* lively on-site chat room
* provably fair (of course)
* roll "high" or "low"
* keyboard shortcuts for quicker, easier play

The really neat thing about it though is that you can also "be the house", and invest any balance you're not using in the site's bankroll.  Then when other players lose, you win.

For investors, here's the feature list:

* massive 1% house edge
* investing is easy and instant; click the 'invest' tab for details
* take your investment out instantly too
* site operator (that's me) is a long-standing forum member in good standing with the community
* invest as little as 0.001 BTC; no upper limit
* net profit is split between the house and the investors as follows: house gets 10%, investors get 90%.

So now you can easily have your own share in a dice game without the hassle and expense of using stock exchanges, passthroughs, etc.  All investments received go instantly to the site's bankroll and increase the maximum bet size offered to players.  There's a separate thread in the Securities forum for discussion relating to Just-Dice investments.  I recommend that investors 'Watch' that thread since I'll use it to make announcements should I need to.

Just-Dice.com

I will credit the first 200 people who post their user ID (from the 'account' tab) in this thread with a free bitcent to get you started.  You are free to gamble, invest, or just withdraw it as you please.   Promo is over.  Thanks for taking part!

* the maximum profit per roll is currently 0.5% of the bankroll of the site.  The bankroll is provided by investors.  The bankroll has grown to become enormous, as can be seen by looking at the cold wallet address.