If he dumped all his coins he made at least 50 bitcoins. Not so bad.
Read the thread - I repeat again. He has given more than 60% to bounties and giveaways - it has been checked by block explorer many times.
Read from the beginning...
The premine was 1% of 50,000,000,000 coins, or 500,000,000 to start.
What amounts were sent as bounties and giveaways from the 500 million? Even if 60% was given away (which is still far too low) that leaves approximately 200 million.
- Checking the block explorer only confirms coins were sent to another wallet address. It doesn't tell you the owner.
- 192-200 million remaining still makes up a large (too large) percentage of total coins in circulation.
You guys were mislead from the start.
Premined or not, it is not up to the developer to get his coin accepted as a viable alternate to BTC. It's the communities job to endorse it and get it integrated. Even if he did pump and dump, it doesn't affect the GRAs I have. They are worthless if I deem them so. If I (the community) sees fit to get this coin going, and get it integrated into shops, mainstream, etc, and the price goes up, then his pump and dump scheme becomes null and void. The ones holding out while the price skyrockets, would be the smart ones.
You're absolutely right. The matter is:
1) Let's wait for Bosian yet a bit. Bosian or bee7, if you're following the thread in readonly - this would be a great time to appear.
2) If he doesn't come - we should think about who would make the project run on - like, we need programmers. For example, in order to make a wallet whe the block reward splits.
3) We need to think over and decide what the next steps should be in order to develop the coin.