I like the idea because I'm a developer. Devs need money, miners need money. Why not go 50/50 split?
It's fine that devs need money. However, at this moment premine is >90%.
I actually have no idea how much the premine is. I doubt it's 90%.
Block Reward: 8
Gas Limit: 31415926
Block Target: 60 seconds
Listen Port: 60606
RPC Port: 9659
Reserve: 11 Million (Community Managed)
Premine: 11M
after 1st day: 11M + 8 * 60 * 24 = 11M + 11520, premine is 99.9%
after 1st week: 11M + 8 * 60 * 24 * 7 = 11M + 80640, premine is 99.3%
after 1st month: 11M + 8 * 60 * 24 * 30.5 = 11M + 351360, premine is 96.8%
after 1st quarter: 11M + 8 * 60 * 24 * 30.5 * 3 = 11M + 1054080, premine is 90.4%
after 1st year: 11M + 8 * 60 * 24 * 365 = 11M + 4204800, premine is 61.8%
Call it however you want.