The basic problem is that an ipo/ico etc shows the coin needs marketing to get off the ground, and worse, it usually does indicate a coin that will not last. Most ipo/ico coins are pumped up and then collapse.
As for "it costs a lot of money...", if a person really has a good idea it doesn't cost a lot of money to start. A bad idea is expensive to promote, a good idea usually is not. We can argue any point but that is a pretty basic fact.
If this is just a random clone of coin, it costs absolutely nothing. But if you develop from scratch, it gets more complicated.
Applebyte ABY seems to have a massive premine but it has a sort of original idea in a way. Market cap $62,000.
Shadowcash $600,000 and moderated thread.
Blackcoin $1,000,000 and moderated thread.
Whitecoin $100,000 and moderated thread.
Syscoin is overtraded as is mentioned by the poster, also moderated and premined. $147,000.
Blackcoin has an unmoderated thread too, but lately they created a moderated thread because of the trolls. Anyway, you are free to create an unmoderated thread about any of these coins.
True, any person can create an unmoderated thread for any coin. Any person can run for president too or apply for a job as an astronaut. In practical terms if a dev chooses to use a moderated thread then that is pretty much the thread for the coin. And generally, in my opinion, a competent dev does not make that choice.
There is always a justification people can find for bad choices like limiting comments. "We need to keep out the trolls" or whatever. The first step in limiting any kind of free speech is the step to avoid.
The problem is because the trolls turn impossible to have a normal discussion, you loose a lot of useful content in the middle of the trolling posts. Also, the message is clear:
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
And more, trolls are a serious problem against free speech. They talk in a more louder way than the rest of people in order to prevent you to talk, so, they are attacking your free speech rights when the do this.
PayCon has unique POS only mining, in PayCon every Block is worth 30 CON each which creates a type of byzantine mining. Higher security against double spends than POW coins for a couple dollars in electricity a month plus you gain over and above the money supply inflation. Since all POS rewards are the same, you gain the Coins that other people are not Staking so instead of your Coins losing value over time, you actually gain value over time, plus there is the added bonus that Stakers don't need to sell Coins to pay for mining costs so you have far less sell pressure and all sell pressure comes only from investors. If you sell Coins (or don't Stake), other people gain more.
Sorry, although I think proof-of-stake is an interesting innovation, because it helps in the question of full nodes and sustainability of the minting process, I don't think it's the right solution. This doesn't necessarily creates a more secure solution than POW, and strongly discourages spending. I think the solutions which BURST and NODE bring are much better than proof-of-stake.
I'm not against IPOs/ICOs at all. The process of development of a coin costs a lot of money. Programmers, computers, testnet network, time...
I think the most important thing is doing this process in a fair way.
Development and marketing does not cost a lot of money, this is the great fallacy of the Crypto world. If you have moderate coding skills and a good idea along with commitment you can do the entire Coin with under $1000 spent on development. PayCon is a testament to that fact as it had no ICO/IPO and so far we've added a huge host of features and Blockchain improvements, social media, video production, forums, games with a total of $500 spent!
And how much time you spent on it?
