What is Speedcash Coin?
The Speed Cash Coin or simply SCASH or SCS is a cryptocurrency which may enjoy very positive changes in their course.
Read More https://www.geekxplore.com/what-is-speedcash-coin.html
The Speed Cash Coin or simply SCASH or SCS is a cryptocurrency which may enjoy very positive changes in their course.
Read More https://www.geekxplore.com/what-is-speedcash-coin.html
there is a wrong info in the article about the supply
Total SCS coins supply is 476,918 SCS with 8% annual increase.
Expected coins supply:
▪Jan 2018 (now, while PoW is in progress): 262,835 SCS
▪Jan 2019 (PoW ended): up to 476,918 SCS
▪Jan 2020: up to 515,071 SCS
▪Jan 2021: up to 556,227 SCS
▪Jan 2022: up to 600,779 SCS
▪Jan 2023: up to 648,841 SCS
▪Jan 2024: up to 700,749 SCS and so on.
This means 8% inflation every year.
In case SCS capitalization is fixed, every balance not involved in PoS will lose 8% of its price every year, which promotes to do one of following:
▪Continue to support network by running PoS;
▪Run up successful business to get more coins;
▪Increase of total capitalization by increasing coin price.
Of course all successful projects are currently growing in cost but this can not last forever. Most of them have the similar issue: as long as coins price grows, it is far more profitable to keep coins than spend them. While everybody just holding their coins there will be no business involving these coins. Thus, any bearish trend can totally ruin price and capitalization of project actually used by nobody.
The second problem is limitation of total coin supply. For PoW it would be profitable to support network only if TX fees are higher than wasted electricity costs. Miners normally receive mined block rewards, except the case when the mined blocks are over. Thus all these costs would be included in everyday TX we commit. This is kind of normal situation for "Digital Gold" or other savings but surely will kill any cash-like systems.
PoS with annual interest of any non-zero % will produce unlimited money supply over years. The only way to keep coins amount limited in this case is to burn "extra" coins. It is probably okay in case they are not really needed, but are you sure you want your wallets used last time in 2010 to be cleared? Probably no. Otherwise it is far more closer to fiat than any "Digital Gold"-like system where supply limitation is one of key features.
And SpeedCash is (at least should be) cash-like. Technically we are aiming to have outstanding fast transaction speed, cheap TX fees and controllable overall supply. This would never replace Bitcoin anyway.
One reasonable question can be just like: "I don't wanna run PoS, I just want to buy some SCS to become rich one day by doing nothing extra. And you're telling me that money supply is just increasing. That means over years I will lose money instead of gaining them, so why do I need this project?".
At first, let's notice that at least 7 years is required to increase supply by 100% and reduce stakes (not backed by PoS) by 50% respectively. 7 years for cryptocurrency is just like the whole life - that wouldn't be major problem anyway. In comparison, average lifetime of small project is less than year.
Secondly, SCS project currently has very small capitalization and coin price respectively. Rapid growth is very likely and then even 100% supply increase over years wouldn't affect coin price negatively.
http://www.scash.ml/details-on-coins-supply/
Now I'm waiting for listing on some other more customer friendly exchange, I believe there's no reason to think it won't happen. 
