Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
Ok, guys. I'm the whale digger. I can prove it if necessary.
Yes, it is true that I am digging and selling my CLAMs for BTC. Though I am not dumping hard. I usually just put asks above the market price. I rarely ever do a market sell order. So although I am adding sell pressure to the price by adding asks to the orderbook, I am not "dumping" technically. The main reason why the price crashed hard is because the fear of me dumping. This lead everyone else to dump. Unfortunately, I made a error in my digging code when I did not randomize my dig addresses. Dooglus noticed this and was smart to figure out the total coins that I have yet to dig. He posted a comment on this thread and THAT was the reason why the price dumped hard. That's how markets work. Oh, and the chat about forking the coin made the price dump even harder.
I decided Yesterday to accelerate the dig but not change my selling strategy. So I should finish digging up all my coins in a few days. Maybe that will alleviate some of the fear. Sure, I will still sell CLAM for BTC when I feel it's a good price. I am not stupid. I will not dump the price to nothing and kill the coin. The market was doing that and not me.
Ask me anything, though I may or may not answer some questions.
Yes, it is true that I am digging and selling my CLAMs for BTC. Though I am not dumping hard. I usually just put asks above the market price. I rarely ever do a market sell order. So although I am adding sell pressure to the price by adding asks to the orderbook, I am not "dumping" technically. The main reason why the price crashed hard is because the fear of me dumping. This lead everyone else to dump. Unfortunately, I made a error in my digging code when I did not randomize my dig addresses. Dooglus noticed this and was smart to figure out the total coins that I have yet to dig. He posted a comment on this thread and THAT was the reason why the price dumped hard. That's how markets work. Oh, and the chat about forking the coin made the price dump even harder.
I decided Yesterday to accelerate the dig but not change my selling strategy. So I should finish digging up all my coins in a few days. Maybe that will alleviate some of the fear. Sure, I will still sell CLAM for BTC when I feel it's a good price. I am not stupid. I will not dump the price to nothing and kill the coin. The market was doing that and not me.
Ask me anything, though I may or may not answer some questions.
Howdy, glad to see the situation of uncertainty changing now! Congratulations on lucking out with Clams. I have a couple things I've been wondering:
Did you find out about Clam in August? Or did you know about it and wait until it was worth digging to you? What were your thoughts/feelings on all these seemingly worthless private keys for old empty addresses being suddenly worth good money?
How come you didn't come forward earlier? One thing that confused me about the anonymous digging was that it ultimately reduced the amount of bitcoin you'll be able to trade the Clams for.