a little correction - there was a little premine on sc1 for bounties. I remembered hurrying with a pal to bring up the third SC1 exchange, which would have gotten us some SC, I just pulled the log, at that time that bounty was worth like 800 USD in (tradable) SC. and with volume, I meant trading volume. Just ask doublec(the guy who runs bitparking and did the first sc1 exchange).
First, you should quote what you are correcting or who you are responding to. Otherwise, your message is confused and imprecise. Not that we are unused to such things from the SoiledCoin folks. Like I said, the problem with SC1 was security. The SC1 premine was 30,080 coins. That is a big difference from 12 million.
And just to be correct. Even though BitcoinEXpress claims otherwise, there wasnt any premine in SC2. The 12 million coins have been put into the generate transaction of the first solidcoin 2 block. And as it was stated before, everyone who can read the source can see that the clients will not accept transactions with any of their inputs being from one of those 12 1m coin addresses. the coins from these adresses have as much value as the coins stolen from bitcoinica lately: next to none.
When you come with such obvious disinformation, straight from soiledcointalk, you get flamed.
First of all, many people here can read and understand source but there was none when SC2 was released. Big red flag.
Second, giving coins to yourself before you release the blockchain is the textbook definition of pre-mined coins.
Third, RealSolid transfers the coins from the pre-mine to the CPF which is spendable (in fact, it is double spendable since he controls the tyrant nodes).
Fourth, the only place you can get client code is from RealSolid. If he were to change an if statement those coins would become directly spendable. The tyrant nodes enforce which versions of the client can be on the network. You cannot modify the SoiledCoin client without permission from RealSolid so you can't run your own private version of the client on the network. So when ever he wants to spend those coins, he can. Or he can double spend the CPF. Or just dump the CPF into btc-e whenever he feels like it.