That's how I read it, they're launching a new coin that will include the grandaddy of all pre mines.... seriously if you have new concepts and improvements, launch with the genesis block. All you're trying to do here is pump a dead chain to make a few folks wealthy.
As it stands, this alone makes it a joke.
I understand your skepticism, with a dash of cynicism. There seems to be more haters than supporters of this project and it's been that way since day one. Any time someone tries to say anything positive about Solidcoin/Microcash, especially if you it's coming from an "insider", it's a race-to-confront. And, it's easy to get caught up in that attitude because everyone else is doing it.
Ultimately we want people to use Microcash as a currency, not strictly as an investment commodity. To do this, we need to get it in peoples hands. Excessive hoarding is of no great benefit, but neither is "dumping" what we own when we've poured our blood, sweat and tears into the project shortly after it is released. Yes, we hope to profit from our efforts but, be honest, who wouldn't (or doesn't.)
Our own "blue-sky" of success is to see a system that is complementary to Bitcoin (and other alt-currencies,) that offers services and functionality that the standard block-chain mechanism cannot.
I personally have no doubt that when we release Microcash there will be no shortage of people who will point at our decisions and call them "scam" decisions. But, again, this is because what we are doing is significantly different than the way Bitcoin operates. All I ask is for the more objective types tune out those who immediately write it off and come check out our work. I'll admit, there isn't much to show for it at the front web page. When we are ready for a beta release, there will be more details. The primary source will be the project site, but we will certainly post some details here on bitcointalk. Especially when it's near the transition period since most of the old supporters hang out around here.
We don't want anyone's coins to be left behind. The proverbial "pie" that will be the pool of initial Microcash funds is big enough for everyone. Losing your coins doesn't benefit anyone. In fact, we need people to actively use the system as a currency for the system to function well.
Alas, I'm getting ahead of myself. More details will be released when we are closer to the transition phase. Details that should be interesting to everyone. Including the trolls.
Have a good night guys. Will try to catch up tomorrow morning if I get the time.