This is a scam. Will be going down 1 satosi. & after that it will be dead forever. Sell all coins & save your money.
Before you declare a coin as scam, do you even know how the proof-of-work functions?
Once a block-chain is launched, nobody owns it not even the devs, the network is supposed to be maintained by the users including devs to keep blocks moving and help with confirmations by mining, and the reward you get is in the form of PHILS
The reason for the issues we have now is that miners keep bringing up the difficulty, mine when its easy and leave the network at a higher difficulty which makes it difficult to mine anymore, we are still trying our best to move the block-chain appropriately
before you ask anybody about proof-of-work, you should learn something by your self about
PREMINE, and is it worth to say community anything about it...
for example why there is
12000000 PHILS mined by you (Phils addy: PifZYxHJWKNbjwqVqb3qA9t2N4LiMArCcq ) and you did not make any statement about it.