If everyone only has a fraction of an amount, the "dumping" will be very mild.
As well, the entirety of new PMC will not be given out all at once.
Obviously because we are not retarded we won't be giving any PMC+ to sock puppets or any account with less than 20 activity.
I also don't think the name is negotiable. This is not something I can just arbitrarily decide to change. we can add to the name, but not change it. Or else we are not reviving PMC, but making a completely new coin with a bonus for PMC holders.
I would say the PMC name is ironic, as none of the premine is going to the developer. PMC was the first ethical premine.
If both coins remane alive I could understand calling PMC+ premiumcoin to differentiate between the two. They're still both 'PMC' since PMC is being used to buy into PMC+. That relationship is enough to call it a PMC revival in my opinion.
Also, I think we need to push the launch date for this our at least a few weeks to give time for interest to grow.
And instead of creating an exchange, where once the coin is launched you can exchange out PMC for PMC+,
I think you should create a Proof of burn IPO where you ONLY accept PMC.
This will give PMC a nice bump in price in anticpation for the launch, give PMC+ a real starting value (the whole problem with PMC's concept to begin with) since money was invested to get initial stakes, and will also give you a great advertising opprotunity to gain more support with good headlines. "IPO is 78% complete in less than two days,CryptoCommunity demands PMC+!!"
I'd also limit the Giveaways significantly to bounties and only a few initial giveaways. No more than 5-10% of the coin. Leave the rest there for POS mining to give this coin longterm life and support.
Premiumcoin has nothing to do with the actual concept of the experiment so I don't think we will be going with that.
Heres my reasoning: The name "Premine" is antagonistic and actually makes people curious to know what it is. Even if initially they associate the word premine negatively, most people wonder why the coin was called premine and will spend a minute or two to check it out. You wouldn't call your coin premine if there was just a small premine of 2% or 3%. It would have to be a pretty big premine (25%, 50% 75% or 100%), and people are curious to know the details of what its for.
If only 5% of the coins are to be given away, and the rest can only be obtained by buying them with PMC1, we might as well call the coin Trade-InCoin or Cash-OutCoin. Because that is what it will be seen as, a method for PMC1 holders to cash out.
There was no "money invested to get initial stakes". It was freely distributed to anyone who asked.
I'm willing to discuss the distribution strategy with anyone who would like to. I've been in the IRC all day, and most of yesterday. But no one wants to talk to me!