Anyone mining this scam coin is literally wasting electricity.. the difficulty retarget is still a huge issue.
You are right, it is a huge issue. But if we examine strictly the difficulty only, it is not a waste of electricity. With 25Mhash net rate the avarage time to find a block is around one day. Dev try to make some hype to convince people to mine, seems logical. The only way to solve the problem is to increase the net hash rate, so miners are needed.
With ten times the net hashrate we have now it would only take around 2-3 hours to find a block. In this case raterget could be achieved within one month. Unfortunately dev left us alone for too long time, so now only a few of us trust him.
You don't get it, do you? I mined this a couple of weeks back. The network hashrate was like 200mh, I was 1/10th of the total network hash rate. We weren't finding blocks, it took me almost 2 days to get like 50 giftcoin or something, and it'll NEVER get paid out to me because the difficulty is stupid.
Even in a perfect world with unicorns and fairies making love, it would still take almost a year for the difficulty to work out.