Stakeminers doesn't do anything for you other than shift your value and hope to hell they are a more intelligent investor to get you bigger gains. You lose control of your investment by trusting someone else. You don't get to choose when to sell the coin to cut your losses etc and you only get weekly or whatever payouts and have to wait ages to have your initial investment returned...
At the current reduced value people should be able to request a withdrawal of their investment value in a parictular altcoin percentage. Theres no reason that they shouldn't be able to do that. If your investment lost 50% of its initial value e.g. 10btc down to 5btc.. you should be able to take 5btc of altcoins out. There is no loss to stakeminers to do that as they don't have to sell. The only other place i know that ties up your investment is a bank but they make it clear at the start of your term deposit that if you withdraw you lose your interest but you can do it. I'd personally never throw someone 10btc with knowledge it would take me 5 years to get it back if i changed my mind... thats just friggen bizarre.
The theory is that one wallet with 10 MUC (made up coin) will generate more via staking than 10 wallets with 1 MUC each. Also, apparently, there are ways to organize the coins in your wallets/addresses to increase your earnings via staking. So if you and a bunch of people all gave your coins to someone smart enough to do this, you would make more money than doing it on your own.
That's why some people were wondering how much experience Leroy had and calling out the discrepancies in his stories.
Of course, all of that is useless because even if done legitimately and correctly, there's no reason for the price of the coin to not drop down to keep up with the increasing supply.
Yeah but a lot of staking coins with a flat rate or whatever that give percentages based on balance you can do yourself with 1 big block for cheap.
The other ones i agree with you that are competitive staking coins with a constant reward e.g. paycon, hyperstake, tek. The difference here is you have to know the ever changing block sizes to maximise return. The coins are still cheap enough to acquire so again you can do it yourself. Losing control of your funds for 0.0001 btc more a day isn't worth it... theres no large enough gains. If the returns were large sums then you'd question how legitimate it was since that person could go to the bank get a loan and do it themselves right?
Can't go to a bank for a loan because banks are evil and no one in their right mind would give him a loan.
Not sure on how all the math works out, I never looked deeply into any of this because POS coins make no sense to me. We tried to stop people from investing, and due to the lack of people freaking out about not being able to withdraw I'm guessing that most of the "investments" are completely imaginary so not too many people got ripped off.