Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"

Just another HYIP..wondering how long this will last..lol

Too low trading volumes, you need a lot more

I'd have thought the opposite. The higher the throughput of a HYIP, the more "interest" you need to find from somewhere, and so the less able you are to meet your obligations in a timely manner.

It's all very well to say that any shortfall will be made up from staking, but that fails to take into account just how long it takes to earn a 25% return on the total throughput when only part of a single deposit (and possibly the operator's 2% fee on all throughput) is staking at any given time.

Currently the stake rate is over 4% per month so staking 25% wouldn't really take that long. Were it not for the risk of exit fraud this doesn't seem like a bad idea. You get the ponzi/gambling appeal of possibly getting paid back sooner and an expected payment in several months. If claims continue at a high rate than the 4% will drop rapidly, so it could take longer, but even so 25% should be achievable from staking, probably.

But the risk of exit fraud with an unknown operator on a newly registered newbie account is nearly 100%.

EDIT: Correction, this won't work because as dooglus correctly pointed out most of the investment will already be paid out to earlier investors (thus not available to stake). Just a pozni. Avoid.