according to the distribution, there should be about 2,500,000 coins after 1 year. but the block explorer says there are already 3.3mil coins! less than half a year! someone is instaming this, getting ready to dump as soon as there's any decent liquidity. can someone explain this??
The code behind Credits couldn't be tested with that much hashing power so when it launched and there were 4-5 Mh/s thrown at the network a bug was discovered. That bug made the network get stuck and then be flooded with thousands or tens of thousands of blocks. At block 250,000 we had a hard fork that solved this problem, blocks solved ahead of time no longer being accepted.
Right now we still face a few issues with the network (the chain still gets stuck for 30-40 minutes or more from time to time, it happens mainly when the total hashrate goes of over 1Mh/s) but we're investigating and working on it. We'll have a hard fork pretty soon and hopefully it will fix this and also it will allow for pool mining and the usage of standalone miners.