I repeat again, I have a feeling we re dealing with the person, the digger, who simply does care about anything at all but unloading every single CLAM he s about to get his hands on.
The data from the last couple of weeks support that. FFS, he s making the market drop at 10-25% PER DAY. Yes, @chriswen, you responded to my post about 10% per day drop as being exaggeration. Well, CLAM has gone down 25% today, compared to yesterday. Let see what s going to happen tomorrow but according to the sell side at Polo, it s gonna be the same, if not even worse. Buy orders have dropped to 35 BTC cause no single sane person s going to buy having in mind his actions.
I agree with one of the previous posts about the simplest solution being the best one, that s Occam's razor, among competing hypotheses, the one with the fewest assumptions should be selected. What is the simplest solution in our case, which ll prevent him from destroying the market? Obviously a hard fork which would cut all digging.
This is not something unheard of, other coins do it as well. If there s some external issue which hampers development of the coin, you fix it. I see TEK community s been discussing a similar hard work solution due to certain number of individuals trying to influence the system by intentionally and artificially increasing PoS TEK difficulty by splitting their holding into dozens of small blocks. There s one guy holding 500k of TEK, all divided in 1k blocks. The more competing blocks are there trying to stake, the higher is the PoS difficulty.
I know some of you re going to say I am too pessimistic but I strongly feel, if devs dont react, we ll have CLAM at 0.0001 by the end of this week and there will be NO return after that cause even at that price, he wont stop. HE WILL NOT STOP as long as he can get 1/10 of cent from each of this CLAM.