Guys there was no premine. I know first hand because I mined from pretty much the first second the pool was open and can tell you that any old regular joe was able to mine and still is.
Read what I posted. There was no premine just problem with difficulty adjustment that allows 900,000+ coins to be mined in the first 24 hours.
Yes man, I get that, but whats important is who mined those 900,000 see?
Instead of the hands of one (Satoshi) or solely a dev team. The coins were mined by regular people like us including the dev team all at once. They did as they promised with no premine. It was an open landrun free for all mine. Bro get what I'm saying. YOU could have even mined part of them. Whats most important is what people decide to do with them. Its not absolutely doomed to fail and dump. If there is a concensus to hold and let the project flourish (there is) then the mined coins won't enter the market right away and kill the coin.
I understand your point but it's worse than if Satoshi had them or the devs because now everyone is going to run for the exit. These forked coins only get a very small percentage claimed, I would bet less than a million. Now with this mine of 1 million coins the market is going to be flooded. Plus it wasn't a fair mine, there was 1 pool, no one else could fully sync wallets and no announcement of when the code will be released (which they said they would give us)
Also don't be fooled by this projects potential. The devs have shown their incompetence with this flaw and delays from not coding/testing before the fork date. I don't know why you think people wont dump this like every other fork. If you like this project then you should be very mad at this and demanding the coins removed/reset but I guess you mined some of them and are thinking to yourself "Wow I can sell each of these for $20!" well you can't. Once any exchange allows deposits the price is going to $0.0x. Yobit has less than 2 BTC on the buy wall so whoever deposits their mined coins first can claim that 2 BTC.