POS=no production cost=no value
If I can produce a coin without any cost, why should I pay any thing valuable to exchange it??? I will just go ahead to mine it
Fiat money can do this because there is a law to force its circulation, and the cost to make that law can be a war, which costs millions of times more energy than POW mining
https://bitcointalk.org/index.php?topic=848881.0Point 7