I think they're doing POS for two reasons.
1. It prevents a mass dumping of the coins for 3-6 months. The coins that are put into these wallets can't be dumped. It'll help prolong the artificial $20 floor that GAW is planing.
2. They can "sell off" mining hardware. So when / if there's an audit they can show a small amount of hardware and claim that this is all they need for the remaining Hashlet's.
This exactly.
Although there has been discussion on HT today if the 20$ wall was actually promised or not.
It seems like Josh was quite careful to not "guarantee" a $20 price. However, there are a lot of statements like this:
@GAW_CEO said:
> @Tradenow said:
> > and if paycoin decreases in value over time? Maybe 10$ instead of 20$ it would be a bad idea to stake?
>
> That will not happen. Our floor, to keep it from going bellow $20, is too large at this point
https://hashtalk.org/topic/20296/hashstaker-q-a/267Also, heads up for everyone:
Once you upgrade, you can not sell your Hashlet until the upgrade is complete
If you activate the "upgrade" to a Staker tonight; you can't sell your Hashlet on the market. Expect at least 2+ weeks until you can cash out.