This is John, the original dev of Earthcoin. Since there are too many wrong rumors about me. I feel that I need to post something to let you know the facts.

I created Earthcoin back in December. To better handle the communications with community, I found Norb. With whom we launched the coin together. Norb is good at graphics, and his professional graphics certainly helped Earthcoin. He later found Wes and Zark to help him on the communications side, while I was handling all the code/tech issues and new releases. We had a good partnership but unfortunately the communications between us was always an issue. We had a very different view on what is the "teamwork". Anyway I am not going to details, but at some points this was beyond the limit, and sadly I decided to quit the team.

Now on the premine. There was a 270 mil EACs premine. Of which 70 mils are spent at various giveaways and bounties (see OP for a list of giveaways, which do not include all the giveaways, many are not in the list). I handled main giveaway thread where giveaways were distributed to close to 1000 users, small giveaways are done by community members where we handed off lump sums. The remaining 200M Norb and I each took 100M. I'll leave Norb to disclose whereabouts of his 100M. For me, I contributed 26 mils to the bounty fund we created in the team (to encourage helps for EAC), including the 10 mils granted to Wes. I also spent various amount to charities, support games/faucets etc. This left about 65 mil for myself. I am not going to disclose my wallet address, or say what I will do with the coins. All I can say is that I still hold most of them. The recent down turn is clearly a confidence issue, the amount being dumped is much more than 65 mils (remember the outstanding coins are about 1.8 billions now).

With the new team in place, I wish the Earthcoin will go back to the right track, and I wish Earthcoin the best.

PS, Norb, please change password for earthcoin account, it's still the one I set originally.