I have been a bit out of the loop, but I see that another whale digger has appered!
Where are you seeing that?
I expect you are noticing that the price is down over the last few days, and jumping to the conclusion that new coins have been dug up, but checking the blockchain I see very little digging since the "whale digger" in December:
Here's a close-up of the time since the whale digger stopped digging:
Note how almost all of the inflation of the money supply in the last 5 months has been a result of staking, not digging, and how recently the total number of coins staked into existence overtook the number of coins dug into existence again.
I expect that this drop in price is the result of someone selling a big batch of CLAMs that they bought cheap from the whale digger in December. They've been holding them until now, hoping the price would go up further, and have just given up waiting. That's just my guess however.
OK, I see what he's saying: stopping the lottery reduced the reward from 1000 CLAMs to 1 CLAM per block, so that means the lottery system was like a pre-mine.
You cut my quote off too early. Check the following two paragraphs and you'll see why the lottery wasn't like a pre-mine at all. It earned you 0.1 CLAMs per block almost all the time, and more very rarely, for an average of *less* than 1 CLAM per block:
OK, I see what he's saying: stopping the lottery reduced the reward from 1000 CLAMs to 1 CLAM per block, so that means the lottery system was like a pre-mine.
Maybe this chart can help show the reality of the situation. Pay attention to how the green supply curve changed when the lottery staking system ended on October 25th last year:
Hint: stopping the lottery caused the supply to increase much more quickly than before.
The lottery was rigged though... which would be a fairly sneaky way of "premining".
Rat4 (the Blackcoin creator/what clam is forked from) allegedly did it.
He had around 30% of all the Clamcoins in existence at that point as I recall... or more.
I think the lottery was poorly thought out, but not intentionally exploitable. I didn't hear that Rat4 was ever thought to be a major holder of CLAMs. It's possible though.
Sorry Dooglus, I misread your other chart. So if there hasn't been a big digger, the price seems stupidly low at the moment, I guess because people are moving their money into other stuff.
I will be getting back into CLAMS, I like the coin, I like the idea of the distribution and I trust JD, enough reasons for me.