Guys, guys... try to understand.
If the programmer does not hold a serious amount of tokens, why the hell should he care about the coin after release? It will just die sooner or later then..
The previous scheme was, that the programmer keeps a few as a "premine" (what was completely fine for me). But then you guys complain about not fair and so on.
Thats why iota even chose to give ALL for sell and buy some themselves. They want to show, that they believe in their coin.
Of course we have a little problem now because of the following calculation:
founderBTCout = x BTC + founderBTCin
founderBTCsum = founderBTCout - founderBTCin = (x BTC + founderBTCin) - founderBTCin = x BTC (as xeelee said left pocket - right pocket)
and
foundertokens = founderBTCin * allTokens / (x BTC + founderBTCin)
wich becomes more, if more founderBTCin are spent, what doesn't matter, because they will get it back. So - theoretically - if they borrow and put 1 million BTC there, noone gets a shit any more and after they can give them back without a problem.
Maybe it looks like, they want to "cheat", but I am pretty sure iota did not think about that conflict in the first place.
Internal the BTC will probably not flow flow one pocket to the other but from one guy to another, so it looks only that simple outside...
@iota: imho the only way to get out of that dilemma is tell us exactly, what you are planning to spend.
We have to face, that it's an indirect "premine".