Mining is done already.
So this is now a POS coin I take it? I just posted a moronic Monday question about POS on the silk coin thread. But basically how is a quick POW stage not synonymous with a instamined scamcoin?
Just because its a fast POW phase it doesnt mean its a scamcoin, what is that based on? You were free to mine it when it was active POW and now you can buy the coin like everyone else.
I am only playing devils advocate to get some sort of idea of how we all think a broad and fairly distributed p2p currency needs to be to before the value of said coin is affected in a significant way. I believe the idea has been discussed in regards to bit coins distribution and I believe it may continue to remain a barrier to international adoption when the financial infrastructure and services are serveral thousand orders of magnitude larger than even the combined economy of coins.
The price is so cheap right now, anyone who wants coins can get them. Technically this allows for the most fair distribution.
+1 voot way way undervalued, if shit coloured coins can reach 1-2k sat, the sky is the limit for voot ) voot voot lol