So we have a coin that can't be counted, has no fixed supply limit, whose blockchain was rolled back at the whim of those "in charge" - in charge = no decentralisation. It was the first coin to be premined, opening the floodgates for more coin to use that grotesque concept.

The creator who gave himself the lion share of aforementioned coin then decides to shift how the coin is created to "proof of stake". Let's rephrase: "the holder of the most stake in a coin decides to make having stake the way to get more coin". This is total shit (coinery)