Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
smooth
on 17/05/2016, 05:48:55 UTC
Edit: oh, but I see your point. The lottery created ~60k CLAMs into a market cap of maybe 70k, almost doubling the supply, whereas the whale digger created 500k into an existing supply of 800k, adding only around 60% to the supply, so it's possible that the lottery winners would have ended up with a bigger share of the supply than the whale digger, if they had held and staked their winnings.

Exactly. 60k coins way back when is not directly comparable with 500k coins much later. As I've pointed out before during the "let's ban digging" discussion, diggers are already being diluted by letting their CLAMs stay undug for so long, and it gets worse and worse for them as time goes on.

Now if someone had dug 500k during (or immediately after) the lottery era, then indeed 60k would have been worth a lot less in future staking, but that isn't what happened.