Ideas are great but the innovative ones haven't even been developed yet, let alone will they work in practice.
Peercoin is eventually gonna become 99% proof of stake. It's the proof of work there that was in place to ensure a distribution system where anyone can get involved with mining for a couple of years.
This claims to be 100% initial proof of stake, and everyone gets the coins, but how the hell are you gonna distribute these? The excuse, oh they put in a lot of risk ($4,000 by 73 people is not alot of risk).
Whatever greed is going to kill this coin.
The thing I hate about PoW is the way it works which is why I mostly invest in coins in hopes of future gains (just like any investment). As I stated before, I was in DOGE from the real early days and gained a massive 30k DOGE after 2 full days of mining while others gained millions of coins. So I invested in DOGE(TO THE MOON) for 1 M DOGE and sold to gain back my investment while holding the rest in essence for free. Its what happens to the people that don't have a mining rig, and mine on their home computer or use an Nvidia Card.
There is always a point of investment somewhere in the line. People invested in mining rigs to mine coins right? Remember TINSTAAFL (There is No Such Thing As a Free Lunch). I wasn't lucky enough to purchase a computer that had an AMD graphics card, or hold the current funds or tech knowledge to purchase and create a mining rig.
If there is a better way to improve my earnings in mining, I want to know though

. I still mine alt-coins although not as much or as fast as others

I agree that greed can kill anything though.