how will you delete other alts with your 50% premine?
he explained it.
imagine trying to delete bitcoin
1mill deletecoins will be worth 21mill bitcoins (1 delete = 0.0476191btc)
he then swaps the coins at that constant rate with bitcoin users until he owns all the btc...
then simply send it to a random address that he or anyone doesnt have a privkey for.
please note this is for the worthless altcoins currently riding their prices to the ground. and hopefully shouldnt affect bitcoin
Unfortunately, this system relies trust which would probably be the failure of the coin. Unless the dev can develop a trustless system, the coin will never work.