Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
jaysabi
on 27/11/2015, 21:51:12 UTC
Oh wow. Interesting. Did he provide proof? Where's the wallet coming from and why did he chose to crash the price the way he did instead playing the game calmly and earning more that way?

Guess the recent talk of stopping the digging ability of clams was the next bad result coming from that wooden hammer method he used.

I did not choose to crash the price. The unfortunate revealing of my large potential dig caused the price to crash, because everyone sold fearing that I will crash the price. That's how market works. It will find the true price based on available information.

So you say it wasn't you who sold but the fear of other clam owners? I thought they checked things and found that the digged coins were sold. Though i did not observe it closely.

If you are right then i imagine it is no fun watching the price for you. Especially the current discussion about stop of claiming.

I think it would have been way wiser to come clear in the beginning, you could have brought confidence to the market and stop the price drop when you would have claimed that you won't sell or that, when you want to sell, you will make a public auction.

Do you think that if he had announced before he sold a single CLAM that he had 500k CLAMs to dig but would be selling slowly that the price would not have dropped dramatically? I think that whether he announced or whether he was found out, the price drop was inevitable and unavoidable. Thinking that selling slowly wouldn't have crushed the price once we all knew how many extra CLAMs were being dug is not a view that makes a whole lot of sense to me.