Why is it that POW coins are preferred more than POS coins? Newb here, just curious. Is it because one can profit more with POW mining? I'm holding some of both.
A few reasons, none of them really good. One is just tradition, Bitcoin is a pure PoW coin and I suppose in the days of CPU mining it was believed to be a perfect system, but now that every CPU in the world couldn't keep up with one big ASIC farm the imperfection of it is apparent.
Another is certain alternative political and social beliefs where interest/inflation are the root of all evil, it's all controlled by the you-know-whats and the rich get richer, all of that stuff.
Another is that there is less distribution of the coin when people can't mine, but I think that's a carryover also from the old days of CPU mining. Although another popular anon coin is CPU mined, we don't know how much of that is being mined by malware and distributed to just a few bad actors. It's happened to other good coins.
Another is a perceived risk of forged blocks, but I don't think that would ever happen being to do it you would need to buy an enormous amount of coin, only to summarily make your coins worthless by corrupting the blockchain and destroying the reputation of the coin.