http://www.bjornaresolstad.com/piggycoin-en-kryptovaluta-barn/
Could someone translate to english? I will tip
hopefully this rough translation will suffice:
Sorry if this has already been covered, but could you explain how long the POS lasts for, and how many coins will be distributed this way?
In a nutshell, how will mining work now?
Please excuse my lack of knowledge!
Basically mining is now interest only. You can only gain coins via PoS which is set at 15% interest yearly. You wont gain exactly 15% its actually similar to mining. The more you have the more your "weight" is and the more likely you will gain PoS blocks.
I am no expert on PoS but there is a limit on coins still and its very high. The PoS should continue for many years to come (if I recall correctly ). I am sure @piggycoin can give you more information hopefully.