I find this coin interesting from a creative perspective although I'm not sure why other than the slick website and clear market momentum. If I may ask a moronic Monday question about POS. How is POS any different from a instamined scam coin if the POW stage ends so quickly that the distribution is definitely consolidated to a bunch of greedy SOBs?
SilkCoin had 2 PoW phases to ensure that there was a good distribution of the coins. The first PoW phase was pre-announced, allowing miners enough time to regroup their resources to mine SilkCoin. After the initial PoW phase there was a one month phase of full PoS.
This month long PoS phase allowed us time to build a proper foundation for SilkCoin before the second PoW phase and hence SilkCoin had grown a lot more popular and had garnered a lot more attention and visibility than in the first PoW phase.
This meant that there were far more miners in the second PoW phase leading to better distribution of the coin supply. Evidence as to the distribution can be found here :
http://explorer.silk-coin.com/richlist/ where you can see how well distributed SC is.
OK just being the devils advocate here yes the distribution is fairly even according to that list but just 403 wallets. Is that all the interest ATM in creative and slick alt coins with clear technical prowess behind them. I would think the bare minimum number to find at leaat 2000 unique and verified individual wallets to be called fairly distributed in my book, but I guess I may be a overly optimistic type person.