Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
smooth
on 06/12/2015, 19:38:41 UTC
Someone whose coins aren't staking for just 24 hours out of a month will lose 1% value (coins are ineligible to stake for 4 hours after moving and can't be moved for 8 hours after staking). This will likely lead to increase concentration of ownership over time.

People should manage their wallets such that transacting with a portion of their coins doesn't affect the rest of their coins. The Just-Dice hot wallet transacts constantly, and yet is very able to continue staking at all times.

That is entirely missing the point. JD can have a large staking wallet backing a relatively smaller amount of activity because it has a large amount of capital. People who aren't as well-endowed with their CLAM will have a much smaller ratio between backing stake and active coins. In other words, this will further concentrate ownership, and discourage activity.