before anyone gets any doubts i am here to help and have been from day one, mining and buying where i can. the reason i like magicoin is simple. im a magi. ;p
magicoin team know that i only make suggestion to help attract investors which i think will benefit us all. so take note of this..
http://minerdesk.com/vaultbreaker-the-worlds-first-500mhs-scrypt-miner/that's .5btc mining power per day when that gets released. enough to thrash magicoin market at such low volume. magicoin is now a victim of multipools and asics because it was unknowingly one of the most profitable coins to mine in all of crypto for a while. but now it is on the radar and so you will be seeing much more supply. and im sure now u see the need to switch to antiasic/antimultipool algo because supply outweighs demand too greatly even with your infrastructure. multipools dont care about investment potential. they just extract btc at whatever price is available. otherwise known as "heartless dumping".
so you will see now why you want to avoid asics and multipools with your chosen coin if you want it to thrive in the future. all of scrypt coins are dying because of
supply overflowing demand. and the asics just keep getting more powerful. so unless ur currency can generate 100,000 in buy orders per day, playing in a saturated market with saturated technology will lead to "unsatisfying results". if ur market is small, u want to keep supply low, yet profitable.. and the ony way you can do that is choose an algorithm that allows a decently even spread among miners whilst also keeping ridiculous advantage powerhouses off your coin.
just my 2 cents. i would like to work and help to build magicoin with you if you will allow. and reccommend you seek to pursue not only POS but also anon implementation.
anon is not as bad as it sounds. some will say it is just for criminals. but it is more than that. it is about not having your bank balance known to people you pay for services or donate to. it's about not being able to track the original sender's address to see how much money he has at that address on the blockchain and monitor his spending habits. yes it may be used by undesirables for illicit means, but the primary reason is simply the human basic right to privacy of their finances and expenditure. this is why it is much more attractive to large investors. they can buy large amounts and trade etc without having to worry that their wallets may become targets for hackers etc.
edit: underlined above