I kind of like this idea.
The silver version of Digix.
I like POS, too. It would be like minting silver.
Either way, I am a lot happier/interested in this route for the coin.
well the reasoning behind going to POW for making new coins is so we can control it to be roughly 1 coin costs 1 gram of silver to mine, as we want the price to be around a gram of silver so that we can exchange the coin for silver to build up the reserve as thats what will give the coin its real value, fiat currencies had a similar setup before the 1980's roughly and thats why currencies like GBP were the strongest because they had to most gold behind each coin