Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
Thanks for the reply, since these posts are getting gigantic, I'll try to cut a bit my replies too.
The speculation "A whale is dumping down the price" which I saw in many posts and yours too, seems purely dictated by fear and not by rational thinking. If a whale is really 'forcing' the price, then no problem, in few time the price will recover.
Please convince me this is not fearmongering, in that case I doubt the 'right' decisions will be taken.
More demand? Surely you can stop supply, but this doesn't mean you'll have more demand, and so you don't necessarily have an increase in price. But I can think of a way for having more demand: a low price so that people can 'buy and play on JD'
I like the inflation of CLAMs, I am just saying that currently is "too much".
In so far as the digger is dumping and forcing the price down, yes.
The speculation "A whale is dumping down the price" which I saw in many posts and yours too, seems purely dictated by fear and not by rational thinking. If a whale is really 'forcing' the price, then no problem, in few time the price will recover.
I think the concern is that we don't have two or three years. If the price continues dropping for another year will anyone still be interested in the coin?
Please convince me this is not fearmongering, in that case I doubt the 'right' decisions will be taken.
I really do think that if the rules were changed to stop new CLAMs being dug up then there would be less supply, more demand, and an increase in price. I'm surprised you don't. As I understand it, nobody is claiming that stopping the digging wouldn't cause the price to rise. The objection is only whether it is fair to do such a thing.
More demand? Surely you can stop supply, but this doesn't mean you'll have more demand, and so you don't necessarily have an increase in price. But I can think of a way for having more demand: a low price so that people can 'buy and play on JD'
This seems to be a common misconception:
"Staking is like inflation, and inflation is bad"
"Staking is like inflation, and inflation is bad"
I like the inflation of CLAMs, I am just saying that currently is "too much".