POW shitcoins aren't scams they're just ngmi next to Bitcoin
Proof of stake on the other hand is truly an outright scam.
They pre-mined coins then use them to control the network, nothing else needs to be known.
Discussion
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If you start a new pow coin, but mine to a burn address to get it going. Ok. Its fine, but otherwise you are premining just the same as pos coins.
Nah fam, most of them don't even pre-mine! They literally just print the shit, keep most, hand some out to their friends, and they all start selling it. Then they have the audacity to call it decentralized because anyone can run a node.
Can I get an example of a POW shitcoin that's not a scam? I suppose doge started out ok 🤷