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.
That seems a bit excessive. Especially if Ethereum clones go PoS with minimal new coin generation in less than a year from today. Using this distribution method, this coin may end up being DApp heavy. DAPp are probably the most important thing. More important than miners, especially once it goes PoS.
I have no idea which distribution method is the best so I'm going to support this coin. I will mine it, buy it and hopefully develop a DApp for it.