Ninjastic
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Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
xploited
on 14/11/2015, 14:29:43 UTC
Quote from: Hippie Tech on November 14, 2015, 01:56:15 PM
Quote from: xploited on November 14, 2015, 06:12:59 AM
Quote from: Hippie Tech on November 14, 2015, 05:52:05 AM
Quote from: SuperClam on November 14, 2015, 05:35:01 AM
Quote from: Hippie Tech
Blah Blah Blah
dooglus is a scammer
Blah Blah Blah
This coin is a scam
blah blah blah

Deleted for ad hominem attacks.
Congratulations you are the second moderation/deletion on this thread in it's well over a years existence.
The only deletion for non-spam/advertising.

Wow.. my new term for shitcoin pushin scammer, "eduffield", is really catching on ! hahaha

If I'm wrong.. they why didn't you just fix the exploit ?

"I dropped the stake reward from 1000 to 1 because ... " Roll Eyes

There was no fixing, the lottery was inherently broken and unfixable.  

Suggesting the reward was 1000 is misinformed. It was a max of 1000, and a min of .1, and the overwheming majority of blocks were .1 reward.  Doog posted the chart where inflation increased after the lottery was stopped, you can look back to the last page or two to see it.

I do not need to be a coder to know that its only code !

Those "in the know" used the same excuse 3 years ago when they duped some/most of the community into thinking that scrypt asics were an impossibility.

Would you like to try again ? Roll Eyes

In this case it would be greatly helpful if you were a coder. Or even if you understood how PoS works, also helpful. Maybe you should try to understand the issue before you make suggestions like "its only code".
It was an unforeseen side effect of PoS. I could explain it to you in detail but it seems you really don't care for the logic anyways, you've made your conclusions.

Were not all perfect here at CLAM.  Mistakes happen.. we fix them, we try to learn from them..  and move on.

Maybe it is possible to have a provable fair onchain lottery with the bitcoin scripting system. I, nor any one else looking at the problem was able to figure out how.

We also had the issue of needing to move quick. Once a flaw in something like this is found you can't wait around while you figure out a solution to a problem that arguable isn't even solvable within the context of the bitcoin script system.

It was being abused. The only logical recourse was to remove it.