I finished reading this whole thread from the OP to here and I found there is a lot of concern about the pre-mined coins and I have some ideas to share
1- I do not understand and actually reject the idea behind premined coins, by any means. True devs do not need such tactics. Once you have a code base (forked or written from scratch, having new and brilliant ideas or not) and you have managed to create the genesis block and start a new blockchain, you and your team and the few people who share their hash power for the first days and weeks, all of you have a privilege which is more than enough to gain huge benefits from your wise choice if it is wise at all.
2- IMO, the above argument is absolutely solid when we are dealing with a simple fork (switching the POW in this case is a simple fork yet).
3- Recently, a wiseman in a cryptocurrency conference said something like this:
In the cryptocurrency ecosystem we have scammers, these days. who are not aware of themselves being scammers.It is so right about many ICOs and about the dude who have started this thread and this coin ... he is an unconscious scammer (no offense) and it is because of the pre-mined coins he holds and his ignorance about the paradox he has created: If you believe in your coin to become a "peer-to-peer payment system" which is to function like USD, each coin should eventually worth millions of dollars, so how in the hell you can justify holding the coins that their future value is going to exceed trillions of dollars, in exchange of some tweaks in the bitcoin code base?! And if you are not a believer, why do you initiated it all?
@Carsen argues like "I'm full time on this project", "everybody does the same" , or "CEOs keep more shares" , blah, blah ... very bad excuses for a very bad decision.
But it is done this way and I'm not trying to be destructive, I have a proposal to fix everything:
90% The pre-mined coins should be locked right now, forever, at least, it includes what he claims have already spent.
Buying back the spent coins may be somewhat hard, so, just manage for a hard fork, increase the block reward and the total coins ceiling by multiplying them to 10 ( don't panic, nothing ever changes) ... you have power here for a short time, use it and clean your mess, and for the god sake go get some education and insight about the playground you have chosen ... it is not a race between ill-minded people who invent imaginary, fake shits, it is crypto-currency and is gonna make spce elevators and flying cars besides fixing global warming and poverty and drought. Take care!