The guy is a financist. He probably heard somewhere that “the masses are coming to alt coins soon” and decided that he can get ahead of the train by creating a scamcoin as soon as possible. He started to look for original ideas but could not come with anything better than “a miner’s coin”, then he even did not want to use his brain to think for a while and made a flawed design due to misundertstanding of probability, how do you like that? And lastly, he found some “programmer” who decided to cheat on the noob and did not bother to write the code well. Haste makes waste, so they say.