Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
nicolaennio
on 20/11/2015, 16:54:01 UTC
I've found out about Clams before August and didn't think much about it because it wasn't worth much. In August, I came back to it and realized it was actually worth a lot. So decided to dig them up. I was extremely excited and happy about it obviously.

Somehow this gives evidence to the horrible truth that prospective diggers are harmful to CLAMs (of course unwillingly):

- When CLAMs are not worth much they just don't bother or participate at the coin's success.
- When CLAMs are worth something they step in and flood the market, leading to price lowering and uncertainty.

EDIT: Basically if they control a big wallet they have been given a powerful tool for market manipulation, they sort of know the 'real' amount of available CLAMs (which is the actual number plus what they can dig) and they have an insider information which they can use only at their advantage. In this perspective I'd like to review if it's really "right" to allow them to do so. What if you create a coin and you unwillingly give a detrimental (for you) advantage to a stranger not interested in the coin? Is it wrong to remove that advantage? To put it in a catchy sentence, Clams have given to unknown people the 'right' to damage them. They are masochistic Smiley.