Quote from: eCoinomist on July 07, 2013, 11:09:38 AM

Let me clarify the pre-mine and closed source accusations:
There will be EMU Foundation at the beginning, as stated in this latest update:
http://forum.emunie.com/threads/emunie-latest-technical-and-feature-set-ramblings-29th-june-2013.143/

The foundation will consist of several key members who contributed to the project, and not just the founder Fuserleer. The members of the Foundation will be voted by others and no one can just buy their way into the foundation without genuine contribution.

The Foundation will have a certain amount of reserve set at the beginning for these purposes:

giveaway to people
fund project development
bounties for various services
buffer the high initial interest rate due to rapid network growth (so early adopters will not gain huge unfair advantages like Bitcoin or all other altcoins so far)

All spending from this Foundation reserve will be reported publicly on a quarterly basis.

eMunie will be closed source at the begining because of these reasons:

agile deployment (the client will be constantly updated, improved until we find a nice balance where the network becomes stable), after this period, it will be open-source
stop copycat alt munies

What is the hype surrounding emunie again? This sounds exactly like Ripple but with a 'mining' network.