Sorry, but however this coin's scheme sounds at least interesting, it makes no sense what so ever.
It is a shameless self pump, actually, or maybe I name it wrong, but it is a failed design.
Imagine this coin from thermodynamic perspective, where your particular system (this coin system)
is a closed one. Now you put energy inside- namely- BitCoins. The total potential (value) of a system
over any available amount of time, stays exactly the same-not taking into account any loss, or dissipation.
Now your system translate the potential (BTC value) into its own new scale- STD. Now the most important
part goes: no matter to how many (thousands or millions) you divide those BTC, the total potential
(value) of a system stay exactly the same. It always will.
Now second most important part, that make me see this as a self pump: because of value of single
particle being connected with a fixed divider of the total potential of a system (value), you will gain
most buying those particles early/low (accumulation) then waiting for others to participate (add potential
to a system), and then dumping your particles- namely- STD, which in turn render other coins to have
less total potential. After all, if you consider the edge of the example- someone will stay with ALL coins,
that has exactly 0 potential (0 BTC in system). It is the starting state of the system, and will be the
ending point of a system, like everything in nature. The most important thing is to know, when to
go out, but you can easily use a half-life point of a system to get most of potential out with you.
If above is not working- then it is even worse! At this point it would be not only a fail, but also a scam.
Many people do not notice this, but as long as the whole chain of work-money-spending is not running
directly in alt coin, the whole system, and each and every coin is exactly the same scheme.
And a simplified version: obstructing the market laws in an encapsulated system means it is dead on arrival.
But I do not mean to hurt anyone, it is really refreshing to see something new.
Also not wanting to lie that I undermined your ideas without any means of profit- soon you will
see something of a true value, something that will not try to hide the fact that it is designed to
scam BTC from others; but not from people who participate (investors, miners), but from the whole coin market,
mostly the ignorants, pump&dump'ers, lazy, and stupid people.
Nothing new under the sun, that's a good old Ponzi.
Two major flow to add:
- They can't centralize the exchange forever, it will leak sooner or later and there is nothing they can do about that.
- If miners leave the game for some reasons, the coin die.
Panic with a 75% premined coin (heavily controlled), ends up with tears.