Issuing a ASIC-mineable PoW/PoS coin with an extremely high PoS leads to a whale club:

- 10K%/y is roughly +200% per week or 3x the coins.

- First movers have an advantage mining, but soon enough the difficulty goes through the roof, latest when a couple of pools hit the coin. GPU miners are out and even older ASIC Litecoin miners will have a hard time making profits

- Shortly after, those early whale-lets switch to PoS. With compound interest, an early advantage multiplies fast, but with a hiPoS coin, the % of reward to the whales goes parabolic:

Miner A mines 100 coins, then stakes them. Once it hits a 10K% block, he is up 2x after a week. Week1 = 300coins

Miner B mines 100 coins one week after B. He also is up 2x after a week, but one week later. Week 1 = 0; Week 2 = 300

Miner A still stakes, so after week 2 he is up 2x his 300 coins = 900 coins. While both mined 100 coins, A now has 3x the amount B has, or 600 coins more

A week later, its 2700 for A, 900 for B, still 3x, but now 1800 coins more. Week after week the difference grows. Those who enter after a month will have 1/8000 of what A makes.

For a community, you need a relatively equal wealth distribution, for otherwise whales will be able to pump and dump the coin as they like once it hits exchanges. If it ever gets a community governance system, the early whales will dominate the votes.