A good software engineer like Chris costs at least $85/hour in the US. I don't think that the bounty being offered here is fair! You guys made tons of money and based on the donations seen here the developer did not make more than $500 dollars. If writing software was easy then the cost of Bitcoin solutions would be lower including the cost of asics.
To be fair the bounty for this type of work should be 10 BTC or equivalent in LTC.
I made 15€ with maxcoin, so I think your idea of "tons of money" is different than mine
However I see your point there - it's not much of a offering on individual level. The idea would be to gather hundreds of people willing to donate.
I think I'm backing out from organizing this for a couple of reasons, biggest being that no one would seriously give it out to the community if they can create it in all silence, split their hashing power to multiple pools (assuming it would work in ordinary pools) to avoid detection and just keep mining for months with huge profits. You wouldn't sell it for 10 BTC, you could milk out much, much more if you'd keep it steady and silent instead of hashing at one pool with 100x better speed than the other guy = )