The fact that holders of a coin "value" it in an affectionate sense is no substitute for such an economic role. There are plenty of POS coins out there that can substitute for Blackcoin. So at the moment I'm thinking that this coin's value is based on the multipool effect and some strong promotion. I'm not saying thats bad, I'm just saying it's *it*.
I couldn't find any decent PoS substitutes for BlackCoin.
Peercoin - Don't like fixed 0.01 fee.
NXT - Don't like fixed 1.0 fee.
Faircoin and Mintcoin - You are penalized for sending and receiving coins as your coins have to be in your wallet for 21 days before you accumulate interest. MNT - Lose 20% the first year. FAC - Lose 6% the first year.
Why can't there just be a normal PoS coin? There is one right now. It's Blackcoin.
Low reward POS coins suffer the same than low reward POW, are less resilient to an attack.
So FairCoin and Mint have something in favour. interes also make people hold LONGER, and this is desirable.
I don't understand your first statement. PoW/PoS hybrid less resilient to attack?
About Faircoin & Mint - sure there will be holders. I, on the other hand, will be swearing everytime I move my coins to an exchange and reseting my 21 day coin age on top of losing withdrawal fees. Those coins aren't for me, but if the price gets low enough I might look into investing them.
Already sold all my MNT. Eyeing Faircoin.But doesn't that also bring up the point if you had fiat, BC, MNT, & FAC. What would you spend? BC or fiat of course The question after that is that good or bad?
No.
Low rewards pure POS coins suffer the same problem than Low rewards pure POW coins. are less resilient to an attack than higher rewards ones.
Why?
Think a bit and imagine how POS work for mining. When you put POS coins on an exchange that doesnt mine POS the coin, you are lowering the total security in the coin
Also if theres no reward for keeping the wallet open less people are gonna be willing to keep it open. less security. is just like POW only that mining doesnt requiere hardware but coins.
Less rewarded coins will be in theory less secure, less pay asociated in securing the network, less security.