Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
Hi folks, I'd like to mention a couple of things on the subject of the digger and the future of CLAM that I feel are important and it seems are being left out (I tried to read back as far as I can and didn't find some of this stuff mentioned, forgive me if I am mistaken).
By the way, some of you may know me as "Fido" on JD, this here is an old account I made back in the day...
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Finally, I think the fundamental problem with CLAM value right now boils down to this: there simply isn't enough demand to absorb potential dumps by large players such as the digger. 76% of all clams are invested in JD, with another who knows how many being held in deposit for gambling. I've always said it, as much as I trust Dooglus, we need to diversify, and I even threw around the idea to some members for creating a good Poker site based on clams. God forbid something were to happen to Doog, or the legal climate in Canada, and the site goes down. We need to expand the markets where clams can be used, so that there is enough demand for all 15 million clams distributed, so we wouldn't even have to worry about that.
In conclusion, I'd like to point out that I myself have CLAM holdings and while a high value is obviously in my financial interest, I don't want that to happen at the expense of sacrificing the core values that made this coin acceptable to many. Money IS NOT EVERYHING. From my experience in business, I have come to realize that money always follows good business practices, staying true to one self and to the customer base.
I am still not certain as to the proper course of action here, other than my idea that large institutions with access to CLAM addy's don't represent the intention of this coin and there could be a case made for limiting them, but again, I am not sure how this could be implemented in practice. I hope I am not repeating anyone else here, and thanks for considering my points. Comments by everyone will be much appreciated!
-Fido
By the way, some of you may know me as "Fido" on JD, this here is an old account I made back in the day...
[...]
Finally, I think the fundamental problem with CLAM value right now boils down to this: there simply isn't enough demand to absorb potential dumps by large players such as the digger. 76% of all clams are invested in JD, with another who knows how many being held in deposit for gambling. I've always said it, as much as I trust Dooglus, we need to diversify, and I even threw around the idea to some members for creating a good Poker site based on clams. God forbid something were to happen to Doog, or the legal climate in Canada, and the site goes down. We need to expand the markets where clams can be used, so that there is enough demand for all 15 million clams distributed, so we wouldn't even have to worry about that.
In conclusion, I'd like to point out that I myself have CLAM holdings and while a high value is obviously in my financial interest, I don't want that to happen at the expense of sacrificing the core values that made this coin acceptable to many. Money IS NOT EVERYHING. From my experience in business, I have come to realize that money always follows good business practices, staying true to one self and to the customer base.
I am still not certain as to the proper course of action here, other than my idea that large institutions with access to CLAM addy's don't represent the intention of this coin and there could be a case made for limiting them, but again, I am not sure how this could be implemented in practice. I hope I am not repeating anyone else here, and thanks for considering my points. Comments by everyone will be much appreciated!
-Fido
I agree with you. That was a risk.
But I still don't understand why the digger didn't try to do something else than mindlessly dumping on exchanges.
We need to stay strong, hold, sink with the ship
. And then maybe CLAM will make a come back.