Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
And when your bank sends you a letter like that what will you think?
Your money is still there, but you can't claim it for the next x years because we are worried about inflation...
There was a big digger, the market crashed, now the market is recovering/recovered (market cap higher than earlier except the bubble peak). The coin works, just leave it be. If you had undug addresses you wouldn't be suggesting we postpone or cancel digging, don't screw over other people just because you got yours.
Well.
I personally am against removing digging and changing the initial rules at all. But Petiton:5afa074c for remove digging has currently the strongest support (36.65% on just-dice). So I wanted to create alternative that does not harm the unaware clam holders so much. They will be able to claim whats theirs one day. (Compare with removing digging)
Also, comparing initial distribution with the bank account is not fair. When you have bank account, then you have to deposit your own money first.
The initial distribution is more like natural resources. Its like gold vein under your garden. In the initial phase of gold rush, everyone was able to dig/mine/pan gold. But now the countries have rules and quotas when you want to do that.
Voted for your petition - because of two evils I choose the less. Personally I'd like to support postponed spending of digging rewards but it seems - it technically impossible to restrict digging speed or speed of spending digging reward performed by same person.
And again, comparison with the bank account is incorrect. It' more like social grant or award but now with postponed spending permission.
Of course I doubt it could be implemented from beginning of year 2016. Better to start it from date of 14 May 2016.
That petition is the real way to give meaning for "Long live the great CLAM!" slogan.
Edit: agree we need to calibrate that X from 20 to 16 years, maybe, or less.
But 16 years from year 2016 sounds good.