Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
Faust Roland
on 13/12/2015, 07:59:46 UTC
Petition Id: e2ef93da
Link: http://txti.es/e2ef93da
Transaction: 5c24c6f636f0ed3a8b0ea792cd65218b2e2f218d52b7a425b42983cbb6023a33

Postpone digging into the future

- At the exact moment of time will be possible to dig only fraction of initial distribution
- All address from the initial distribution is possible to dig, but only in specific time-frame.

- It lowers amount of clam entering the market.
- No one will be harm, everybody will be able to claim their Clams, they should only have to wait.

I.e.
Allow digging only for 1/X undug addresses:  
Code:
Example for X=20  

year 2016 allows to dig only addresses where sha256(ADDRESS)%20 == 16  
year 2017 allows to dig only addresses where sha256(ADDRESS)%20 == 17  
year 2018 allows to dig only addresses where sha256(ADDRESS)%20 == 18  

So it takes 20 years to dig them all and then it can start new round.  
In year 2037 everyone had the chance to claim all their Clams.  

Value of X and exact address hashing algorithm is for future discussion. (May be is not necessary to hash it, as the address itself is just number)

Note: Petition hash is made from the raw txti source.