So miners gather around $1200 in total in one day(according to current market value)? Is this correct?
There are no miners. It is a proof of stake coin.
Stakes are paid in CLAM, not dollars. Inflation due to staking will tend to devalue each CLAM, leaving staker holdings worth approximately a constant amount.
How is this coin still alive?
Inflation isn't evil when newly created coins are fairly distributed.
Although CLAM is a good coin, and one of the few Altcoins that have real value due to JD, I think we can all agree that we won't be using it in 20 years time!
I agree that inflation isn't a bad thing, in fact in some ways it alleviates the problem of the whale diggers, as they will be diluted out of their idle fortunes.
That being said, in the long term the inflation will be too high, resulting in a low value of CLAM, so people will be less inclined to use it. I don't see that being a problem in the short term.
Although 'inflation' is an oft-repeated trigger word, it is important to be clear in your usage.
Inflation in the traditional sense represents a loss of purchasing power.
For those who do not contribute to the network, or allow their CLAM to sit on an exchange or idle somewhere:
Yes, 'inflation'/staking represents a loss in purchasing power.
In the case of CLAM, purchasing power is maintained to the degree to which those CLAM are staked.
This would be the equivalent of fiat magically multiplying in your wallet over time.
The question is, would you care if a 'dollar' was worth half as much, given that when you look in your wallet you have twice as many?
In truth, for active stakers, the expected value of staking is a net positive.
One can assume that at all times some amount of CLAM will
not be staking.
Those who
are actively staking during that time period earn that share of the reward.
