When I see premine, I immediately think scamcoin.
I agree but it doesn't have to be that way.
A premine can be ok, but I have to say that's the easiest way to do a pump and dump.You have your answer to your own poll. Every alt-coin is worth crap until proven otherwise. It's nothing against the developer, it's just that premining them just lower even more their crappy value.
Agreed but that doesn't answer the poll.
What is a fair way to pay the developer of a new coin.
My idea was a preset % of all mined coins - be it 5% or 25%. That way his pay is gradual and he will have the incentive to work to make the coin more popular and more valuable.
But it seems few agree with this protocol. Most want no payouts of any kind and that's silly. We would have no bill gates or Steve Jobs if there was no incentive to get rich. There has to be a fair and happy medium.
Capitalism and the promise of large profits will bring about the biggest and best coins we've ever seen. Without those potential profits we'll keep getting the same crap coins with basically a name change.