I was thinking if the end user self affiliated because that is what I would do.
Would you really use clamchecker to dig your CLAMs? Would anyone who realised they could dig for free and avoid the 81% fee?
I don't think so.
If the end user was their own affiliate your "shit" would in fact be "not together" on that math.
I edited my comment because I understood where you were coming from, but I'm glad you grabbed it in a quote so I could point out where I was thinking from.
OK, so if they refer themselves they get an extra 0.002 BTC, and so 'only' end up giving you a 74% fee:
>>> 100 - (0.005 + 0.002) * 100 / 0.0276
74.63768115942028
That still doesn't seem overly reasonable.
The offer on the thread you linked to seems good - you're giving them 3.5 + 1.0 CLAM plus 0.002 BTC (= 0.33333 CLAM) for a total of 4.8333 CLAM per dig, which means you take a small loss for each dig. I would be a little worried about the small print that says "we do reserve the right to refuse this offer" but I have no CLAMs to dig anyway.
I'm sure you are doing the math right now for the end digger being the affiliate.
Good guess!
If the
500,000 CLAM holder dumped his entire stash right now... CLAM would drop even below the sites profitability mark for the BTC dig option. I'm just not ready to take that risk tolerance & we would like to become a "back bone" of CLAM as well, but that takes capital.
If by "back bone" you mean you want to prop up the price no matter how much is dug up, I think that's a silly thing to even try to do. There are millions of undug CLAMs out there. No way can anyone prop up the price if a significant portion of them are dug and dumped.
If you truly think CLAM is worth the level of BTC it is at at the moment... put 3,000 Bitcoins on the bid.
I have no view on the value of CLAM. I guess it's worth whatever people will pay for it. I'm not going to spend thousands of BTC propping up the price. Why would I?
That's a huge reason why Just-Dice was so successful in the first place because you used to put your BTC where your mouth was. I'd be happy to up our payments with a little security on the ass end. Right now all I see is the market dipping when people win big on Just-Dice.
I'm not sure what you're referring to. I used to be a big investor in Just-Dice when it was using BTC, much like I am a big investor now that it's using CLAM. Other than that, I don't know what you mean about money-where-my-mouth-is.
Give the gamblers and the market some confidence if you are so confident my fee's are so bad.
I think your fees are bad given the current price. It seems to me it would make sense to have the BTC price you offer depend on the exchange rate, rather than using an artificially low price "just in case".