Re: "I personally won't buy cloak because of the 7 day proof of work instamine."
my problem with the cloak instamine was that they mined the total initial coin supply (4.5m) in 7 days and went to a highly inflationary 6% POS reward. this unfairly gave all the coins that could ever be mined to a very small group of people who then staked it @ a whooping 6% and controlled the supply. i knew that type of distribution model was doomed to fail.
I'm pretty sure the masternode PoS rewards rate is higher than 6% and certainly was much higher when the number of masternodes was lower.
troll harder next time, or better yet work on an official gui. over half your coin supply is mined and y'all still don't have a official gui, lol. and you call yourself a dev, pathetic. start deving and quit trolling.
That's like saying "a mechanic is not a mechanic unless he can paint cars and detail their exterior" (even though he works under the hood on the internal components of cars to make sure they actually run efficiently and without fault).
Do you have any software engineering or software developer credentials? As your statement appears to be ignorant of what developers do in the full spectrum of the term.