Post
Topic
Board Altcoin Discussion
Re: [ANN] Philosopherstone - PHS - A new PoW/PoS coin | launched! | No Premine
by
bitpar
on 28/07/2013, 15:34:58 UTC
diff 162K ?


am i missing something? Undecided

Edit:  i guess the high hash is because the reward is doubled for 5 days.

Personally im not going to bother with this coin.  50%  annual interest makes it worthless as a currency.  Should have called it Zimbabwe Coin.

If it was called Zimbabwe Coin, it would imply the 50% annual interest goes to a central authority. The people holding the coins get the interest so I don't see a problem. Even if the interest rate causes the price of a coin to fall, what's the difference if you get more coins so you end up with the same value?