Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
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.
OK, but I think the late 500k dig is still 'bigger' than the 60k lottery, even when adjusted for inflation.
The 60k lottery winnings diluted a 70k supply, so the lottery winnings represented 60/130 of the supply. By the time the whale digger appeared, a further 450k had been staked. The lottery winnings would have staked 60/130 of that, or 207k, and so would have been worth around 207k+60k = 267k in total. The digger dug up 500k coins, so around twice as much even after adjusting for inflation.
But yeah, the whale digger was only twice as big as all the lottery winners combined, not ten times as big as I previously claimed.
