10k coins per block would really be 1k or 100 IPBC, much like every MIOTA traded on an exchange is actually 1 million IOTA tokens. If exchanges traded in IOTA instead of MIOTA then they would have to use less-than-one Satoshi for valuing IOTA tokens. This is why MIOTA exists. IPBC can do a similar thing to keep their circulating supply the same as originally intended. It’s quite simple. This is the best solution in my opinion. Second best solution is to just deal with it and wait for the supply to dilute the instamine. This is only a good solution if the devs are committed to a 2+ year effort here without seeing much price appreciation because it’s likely the random whales will cause extra downward price movement.

The “mishap” is in quotes because it implies to others that a mistake was made that may have not been a mistake. It doesn’t matter what you or I think about the intentions of the devs because no one can know that for sure. What does matter is the way it definitely looks to people at a glance. Mitigating this PR issue is as important as deciding what to do with the code and the coins.

Other projects have premine and bigger mistakes and survive because people spend time thinking of and proposing solutions. This thread is a “shitshow” because a mistake was made and there are conflicting opinions about the best path forward. It’s all constructive criticism as far as I can tell