No Keith. Visualize a pair of capacitors in series formed by a conductor-the power line, and air gap, another conductor-the chains, another air gap and a third conductor-the effective ground.
The first capacitor is formed by the power lines and the chains,
The second conductor is formed by the chains and the effective ground.
With very dry conditions, the effective ground may be some distance below the surface of the actual ground.
If paint or corrosion is insulating the chain links from each other it gets more complicated.
Working under the 500 kV lines, we found that if you could take the shock, similar to a static discharge, you could hold on without feeling any more current.
If you touched the charged component with a wrench, a spark would jump between the wrench and the component, but you would not feel the shock.
If you first touched the object with a wrench you culd then touch and hold it with the other hand and thrn work with the wrench.
However it was almost impossible to remember to hold on with one hand. Every time that you forgot and released and then touched the object with your free hand, you got another poke.
The charging current to charge the chain as one plate of a capacitor was too small to feel.
However when you first touched the object you would discharge the stored charge. That you could feel.
We ended up wrapping one end of a bare #14 AWG stranded wire around one wrist and attaching the other end of the wire to the object that we were working on.
The voltage gradient mentioned by HH is there and his bonding method will work to avoid shocks by effectively shorting out the lower capacitor.
Bill
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"Why not the best?"
Jimmy Carter