With the current difficulty, a single 4.6 CLAM output/claim would be likely to take a great deal of time for a user to "claim". So much time, in fact, that it may not even be economical to do so.
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It is definitely more simple than the idea I outlined yesterday; though without some of the additional advantages.
Will give it some thought.
All this just to make it fairer to require that distribution outputs stake before they can be dug? I don't see how that solves our "problem". Maybe it will slow down the digging, but it won't change the end result - the active supply is getting inflated 50% by someone who plans to dump all the new supply. Dragging that out so it takes 2 years instead of 1 year doesn't help us, I don't think.
Requiring that old outputs have to stake before they can move also destroys fungibility. Some coins in my wallet would be of a different class than others. That was one of things you seem keen to avoid.
I had a similar reaction. It doesn't really change much just provides a digging limit. It does provide a more solid expectation on the rate of dig's but ultimately like you say, it seems the same end result.
The way I see it is the current digger is already part of the network. Any plan that trys to stop or limit the current digger is going to fail imo. So it seems to me that any changes we might make are really meant to effect future digging. I don't think spreading out the length of time to dig large amounts has the net effect we would be looking for.
CC's first purposal is very interesting. One thing it doesn't seem to help is the supply inflation from digging. I'm not sure if thats a good thing or a bad thing. It would no longer be in the hands of someone who plans to dump them all but the supply still inflates at an unpredictable rate with potentially large jumps in total supply. We could choose to burn all or some of the fee's associated with dug outputs keeping the supply from inflating from the older dig outputs but Im not sure the implications of that to the model.
Mind you any change short of removing digging alltogether has that unpredictability inherent. Halfing the dig rewards on a set schedule and burning the excess would provide more predictability then currently which gets even better over time while still keeping around the digging aspect of clams.
I'm still not sure of the best way forward. In my mind this diggers 500k (or whatever he currently has left, 350kish) are going to be continued to be dumped until hes done. Im not sure theres anything to stop that. I also tend to believe the market will bare it and eventually recover. I'm not sure of time frames or bottoms but I don't see this one digger being enough to end clams. I know for sure I'm not prepared to let it die or give up and I know I'm not alone.
My real concern is directed to the next digger, and the one after them.
Interestingly (at least to me) there is no reason I can see the dig reward only has to go down in value. You could base the total possible current dig amount on a percentage of the total supply within a given window (like difficulty adjustment) making digs more valuable as the supply increased but still giving a much more predictable inflation rate.
Thats a really rough idea and I'm sure is full of holes.
Surely when the CLAM devs decided to distribute so many clams to BTC addresses they did this on the understand that someone might come along and dig them. Wait, more than "understanding", I think it's actually an invitation, right? So what justification is there to try to undo that invitation when someone comes along to take you up on it?
But I would say to move forward with any changes which devalue undug clams with extreme caution, give people 6 months to a year to prepare. Otherwise you risk impugning your own trustworthiness as developers of CLAM
Your right, it is an invitation.. and I don't think anyone is really on board with revoking any invitations. However, leaving the invitations open ended has created uncertainty and potentially needs to be addressed. I believe a balance needs to be found between investors / stakers and diggers. The fact that the amount available to be dug is 14x the amount that is currently active after almost a year and a half of clams is in my mind a problem.
I do absolutely agree. Any change needs to be considered carefully and ample time needs to be given.