Although it's not an insane % "Premine: 0.5%" is a huge amount of this coin. Thats 5 coins of the 1000 coin pile. most folks will likely have Satoshi amounts of this coin after mining. something like .0002200 SyncCoin. Who will hold the 5 coin bag coins and will they be accounted for and will they be used for the coin or is it just a grab for the dev and friends? I like this coins concept and will mine but this premine disturbes me. why not just have none and mine with everyone else at the start. Fair start for all. Will the blockchain explorer be ready at launch as well as a richlist so we know there is any ninja premines and who holds the coins?
Um, so are you saying the pre-mine is big because there are only 1000 coins? So if there were 10 million coins then a 0.5% pre-mine would be ok?
Ignoring the maths debate I see you would prefer no pre-mine at all, but if that was the case how do the coin developers get rewarded for their work? I don't mind a small pre-mine, ok it gives the devs a pile of coins but that's more of an incentive for them to ensure that the coin is successful because then that pile will be worth more. Ideally I'd like to see the pre-mine in a locked wallet that only releases 10% of its holding for every 1000 blocks mined in order to stop a dump and run but I'm not sure that's technically possible
