20.3 CLAMs inside wallet (1.4.5)

Your weight: 20
Network weight: 444182
15 days

No staking few weeks. Sync ok. Any idea?

Thank You. Now I understand I'm just a poor man with so many coins

How about one with a small amount? I don't think your empirical testing scales.

103 CLAMS here, last stake was just over 10 days ago. Based on your back of the envelope calcs, I probably should have staked about 3 times over that period.

It's not elitism that made me ask about people with a large amount. If you're staking a small amount, variance is going to play a huge part in things, and your anecdotal evidence isn't going to be very useful. If you're staking a large amount, you'll be much more likely to be staking roughly the same amount each day.

Over the last week, for instance, Just-Dice has staked these amounts:


It's different each day, but only by around 5%. If you have 100 CLAMs it could easily take a few weeks to stake even once, or you could stake twice in a single day. Neither of those outcomes would be surprising. If JD was to stake 500 or 2000 in a day, that would be surprising. It's the law of large numbers at work.

tldr: Just-Dice.com adopted it on 6th December

I like the initial distribution - CLAMs were effectively all pre-mined by the developers and then all given away, to everyone, equally.

Every BTC, LTC, and DOGE address that had a non-dust balance on 12th May 2014 received 4.6 CLAM. There was a little left over, and that was all burned.

After that, CLAM is only created by staking.

This suits my needs at Just-Dice because I didn't want it to get out of hand again like it did when we accepted Bitcoin. In those days we attracted over 60,000 BTC worth of deposits, which is a silly amount to have to be responsible for looking after.

With CLAM there are some 15 million CLAM waiting for people to "dig up" from the initial distribution. The threat of that actually happening keeps the price from going up too much (there are only half a million CLAM that have ever moved, so the unclaimed 15 million is very significant).

tldr: small(ish) and fair(ish)

Shouldn't we assume that the developers moved their own BTC/LTC/DOGE into many addresses, sometime before May 12th, and that CLAMS are maybe one of the greatest premines in altcoin history?

It's brilliant because we don't know if the unclaimed CLAMS belong to random people, an exchange's hot wallet, or the devs.

They claim they didn't do this, but there's no way to know for sure.

One thing I'd point out is that CLAM was around for 6 months before Just-Dice started using it, and for that 6 months the price was pretty steadily falling to zero. I would expect most people knowingly sitting on a big pile of unclaimed CLAM would have dug it up and sold it at some point during that 6 months rather than watching as it became increasingly worthless.

That argument possibly doesn't apply to the CLAM developers themselves who would be more likely to be optimistic about CLAM's future, having so much time and energy invested in it.

I think the higher the price goes, the more people are willing to sell. It was around 0.0055 for so long that 0.007 seems like a good price for people to sell at. I doubt we'll go much higher for a while.

Would it be smart to make an online-wallet service for CLAM?