there is very little pow, and after a year there are under 2 million minted, also pos is paid equal % to rich and poor so everyone gets richer at the same rate.
That doesn't make much sense.
The percentage is the same but the rich get richer!
Person A: Holds 100,000 coins -> 40% -> 40,000
Person B: Holds 1,000 coins -> 40% -> 400
or am I wrong here?
At least the basic supply is small.
Total supply : 1,000,000 -> 40% -> 1,400,000
Person A: Holds 100,000 coins -> 40% -> 140,000
From 10% to 10 %
Person B: Holds 1,000 coins -> 40% -> 1,400
From 1% to 1%
The same.
so everyone gets richer at the same rate.
No. No one get any richer.
If you hold 10%, you still hold 10% after inflation.
The inflation reduce the value of the coin proportionally.
You get 10% more coins but coins are worth 10% less.
The same.
Minting is retarded but it works : some people really believe they get richer from inflation.
That's why central banks use massive inflation.