Re: MC2 ("Netcoin"): A cryptocurrency based on a hybrid PoW/PoS system
A new coin has come out that addresses the inflation vs dollar valuation issue. Ela coin is going to launch in like, ~8-9 hours from now, and it increases the block reward based on the network hashrate, as more people mine, each block becomes more valuable. It's not a straight 1:1 increase, but I still think it's a bit over the top. But it's nice to see that people are actually trying 
This is a nice idea, but it is a) an extremely resource intensive b) unlikely to have major effects on price volatility. c) undermines the PoW security model
Obviously a) is true, but could you explain your reasoning behind b) and c)?