wow this is the stupidest coin idea to date. When I read the OP I thought it was a joke. But now I realize you are being serious with this idea.
Could you explain why you find it so "stupid" ?
Granted it moves to a specially tuned PoS, and some other points are also better tuned, it actually is a nice experiment ...
In PoW only coins (bitcoin, litecoin, etc.), we are essentially wasting increasing amount of energy and money to buy more and more tickets and hoping to win the worlwide (block) lottery.
In PoW+PoS coins (PPC, NVC, etc.), the PoW is used to dispatch an initial amount of coins. This distribution should be as fair as possible. Then PoW is gradually shut down and PoS keeps the network alive.
This proposition is basically to skip the initial PoW dispatching and use instead a manual dispatch ... A little time consuming, but not really less fair than mining anyway, and much more energy efficient.
Of course, having the people trust the manual dispatch process may be tricky ^^
Also, this is kind of similar to the way ripple are dispatch, isn't it ?
PS:
In this spirit, even giving the coins to facebook accounts created before the coin announce kind of would do !
