Can someone explain to me what will happen when the pure PoS is going to happen? I understand the idea I'm wondering about the state of the coin.
With no mining the only way to start minting is by trading which imo would drastacly reduce the coin growth. On top of that everyone would save their coins, none spending which means it will be less likely to see people adding mint to their services. Or am I wrong?
Yes you are wrong.
First of all, couldn't the same thing be said about NXT?
And yet people trade it and use it and perform "forging".
The problem with NXT was that it was not distributed through a mining process and on exchanges immediately, instead the original 73 investors who bought their coins before anyone else had a chance got to distribute it.
Mintcoin allowed anyone who wanted to mine it start mining, and then sell those coins on a exchange for very low prices. These ultra-low prices allowed a lot of people to get in early and put the coins in their wallet. Most of them have sold their coins at higher prices and now more people can mint.
I am pretty tired right now so I don't feel like explaining it all, but just imagine how you would build a network of people if you wanted to make a coin that would last.
Would you rely upon only miners? Or would you want coin-holders to be able to "mint" or mine coins without needing special hardware? This secures the network without requiring tons of electricity and miners that can create headaches through pool monopolization!
Mintcoin offers a really great distribution mechanism and a great interest generating process that will allow the coin to become well-distributed in a 4 year period, rather than distributed all at once, or distributed over such a long-time that only miners are really rewarded