Hi. Would someone explain me why was proposed to change the staking reward from 1 Clam t o10 Clam?
Give me the good and bads.
Thanx.
Well I didn't make the petition, but it would dilute the supply which would benefit current owners of the coin and hurt future diggers. If you have 10k clams today, you will be staking 10x more clams. If you have 10k undug clams that you will discover and dig up next year, then your supply has not rising at all while the current owners now have more, meaning your value of clams should be less comparably.
This could have the effect of lowering the price of clams as there would be more supply, however stakeholders would have more clam so that should offset any losses in price. Also, the loss in value to future diggers would help offset some of the price/supply issues caused by the increased staking.
Not sure how this would work.. even though the supply is bigger any future whale diggers would be able to stake 10x as many coins
Is there a cost associated with submitting a proposal? Maybe that will dissuade some of the half-baked ideas that will inevitably be proposed