We need this coin to be launched as a Proof-of-stake. Do you really want massive miners coming in here to mine and then dump our coin on the exchange, thus bringing down its value. Go for the more long term and stable solution by leaving it strictly POS; if someone is truly interested in our coin they'd be willing to pay for our coin to be apart of the community.
The coin stockpile should be distributed to those who are actually interested in reviving the dead currency (those who start pools, host nodes, create block explores, manage faucets, even those who have followed the progress of its revamp) and thus we shall earn the first staking rewards.
killing pow is what killed this coins network the total reward for all the mining possible in 1 day is 70000 coins although i have not seen the 1400 block target a day hit one time in the last two weeks i would be open to reducing the block reward but not stopping pow .. pow keeps the chain moving even if pos fails
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