actually this wont work.. we need block signers. we can give interest in addition to block reward... but thats besides the point.
pob - requires a single block signer, and the reward is the incentive. we can make reward just transaction fees and give out the 1 million in interest, i suppose.. but i still feel like the coin will be more secure with the added incentive of large block rewards.
You misunderstand. What I mean is that you earn your interest when you are lucky enough to sign a block.
Each Bergstake share, no matter what the size as long as it is above some threshold (e.g. $25.00 at ICO prices), can sign a block if it wins the lottery for a given block. Upon signing the block it gets a constant block reward times a stake multiplier proportional to the size of the Bergstake share.
[edit] All shares, no matter the size have the same chance to sign a given block.
That keeps micro-investors from signing a lot of blocks for tiny rewards. It allows small time investors to have a chance at earnings on their stake, and rewards big investors proportionally.
[edit]And when I help a team that I can convince to use Bergstake for a coin, that's what I'm going to talk them into doing.