In my opinion it is not the premine itself that is 'scammy'. It is many factors that weight in. But if a coin is premined, has rigged block reward and makes it to a marketplace in 48 hours... well. It it walks like a duck...
And here is some required reading
As soon as next retarget CNC will surpass feathercoin in value like a rocket.
Just BUY all the CNC you can get your hands on and you have a few 100% easy in a matter of hours or days.
I'm still bullish. Sold off enough to 'break even' at around 0.0035 and still sitting on 30k+ for the long haul. Either it will stagnate around 0.20-0.30 in a day or so, or it will take off. I don't see it going 'away' anytime soon with China just now becoming seriously interested in crypto currency. I can see if becoming the 'LTC of the far east' and if so, having a position is always nice if you are willing to take some risk.
I think you are setting your hopes too high for this one. The author went off the grid (hasn't posted in 3 days) and interest is waning. I find it hard to support when the author hasn't taken any initiative to promote services or participate in the community. It may well be a scamcoin.
I think the 'disappearance' could very well be a PR stunt though. Satoshi anyone?
