It's great there is this much interested in mining it, but when will it be listed on an exchange and coinmarketcap?
The major exchanges don't normally list coins released as a vehicle to enrich the devs with a scandalous premine. Don't hold your breath.
Would like to address this again.
Limbaugh, thank you for your critique and I understand/hear the criticism loud and clear. Nothing I say here can make you feel at ease but I'm going to try anyway.
People have been trying to launch the ultimate balance of maths/coins/volume/premine/etc. since the alt scene hit. Some have premined 0%, 1%, 10%, 50% and recently 98%. None have really managed to get it right and all can be looked at as Limbaugh describes if one chooses to. If we did absolutely no premine, nobody would have incentive and we'd be doing everything in-house. If we did 10% people would freak out way more, 50% to 90% and ok you got yourself a very risky situation.
This balance of everything that we chose to try to enter the market with, and the rate we steadily see the coins being distributed/mined = by the time any exchanges open up - we hope there will be way more mined, bountied, givenaway than any of the bigger holders can dump on. I personally do NOT want to see anyone sell any for a long time but that's human nature, some will sell all fast - some won't. This project has personally been extremely taxing on my time/stress/dealing with the growth this fast/I don't think I could go down this journey again. Thus this one has to count and we will be doing anything we can to ensure that nobody has the ability to simply kill it, including anyone in the internal team.
While I can't preach that 'we got it right' just yet, a lot of thought went into how to roll out and no matter what the combo of variables I think we would still get some critics so no harm no foul. Just part of the process of entering an exploding industry that deserves criticism due to the risk involved.
Actions speak louder than words and we're trying our best to show you guys good strategy and a safe long term journey with good damage control for unforeseens and critics. However until that happens naturally - I welcome skeptics and critics to watch from the sidelines with eyebrow raised and let time tell if you'd like to be involved or not. Until then there is no need to assume anything negative please - give us a chance and at least some benefit of doubt before throwing this under the bus, and you just might be pleasantly surprised by this projects results in 2014.
Thank you.
It's pretty easy to make a premine transparent if you really want to do so. Don't shift coins around and post on your website a ledger of all the withdrawals/transfers with transaction ids and purpose (linking to giveaway threads for instance). You could dump most of that info out of the wallet so it would really only take an hour or two to setup. Once all your books were completely public I think most people would shut up about the premine and your coin would even be seen as setting a new standard in transparency and professionalism.
Actually you could do this in 5 minutes if you're worried about the effort. Click on the export transactions button in the wallet or wallets holding all the premined coins and post that CSV file along with links to the threads where you did giveaways or bounties. Put up a modest bounty for organizing this into a readable, semi-pretty form and you're done. This will give your coin an innovative feature (transparent premine) to set it apart from the rest. Even if the devs are planning on taking some of it later I don't think people would flip out as much if it were transparently done at a later date (so that people know that you have incentive to keep developing and not abandon the coin).
