Very informative write up. Was about to invest in FRST but seemed sceptical due to the fact I couldn't find the whitepaper or an adequate explenation of services. Not even google fetches anything useful!
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Yes you are right. If you will find on internet for firstcoin then you will not find any good comments , information and content about firstcoin. You will listen good words from the people who have firstcoins and selling. Well I also bought few coins but I am still confused on my investment. :)
It is valid to be sceptical on this coin, the fact is that it is there are not any analysis about what are the Proof of Staking rewards programs, there are several coins with that rewards as NavCoin, Cloakcoin, Peercoin, Mintcoin and others, this post is very old and I do not agree it be a ponzi or scam, also in this momment i had not heard about somebody who did not the promised reward, neither about lost their money in this project, it looks very serius if you check that it started in Dubai and there is heavy consecuences for any scam, i guess that it is better to research more