Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
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.
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.
No, he sounded like he did not make the price crash by selling. So if he did not want to crash i would have posted in this thread that iam to dig a certain amount of clams and that i will invest them in jd or so. And i would ensure that i would do a public auction when i would want to sell clams. Because i would have no interest in crashing the price and devalueing my asset. That would clammers set at peace and the biggest price drops would not have happened.
Depends on what your definition of 'crash' is.
I may have it wrong, but i was actively trading clam on Poloniex at the time. There came wave after wave of selling. The price was on its way down because of the selling pressure. Doog subsequent to that picked up on the digging and detailed his analysis. The selling pressure coupled with the 'outing' of there being a whale digger, is what imo crashed the price. There would not have been a crash but for the initial selling.
What the digger said was:
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.
So if you saw "waves of selling" either:
A. Digger isn't telling the truth about not dumping
B. Digger is telling the truth and the dumper was:
1. Unrelated
2. Someone else who figured out the same thing dooglas figured out before he posted it
3. Someone doggias told about his findings before posting them
4. Dooglas
5. Someone spooked by the increase in above market sell orders.
6. BayAreaCoins
7. KeyserSozeMC
