EVERY SINGLE coin with a premine and/or IPO requires a certain amount of trust in the developers. Period. This is why I usually don't invest in premines. With CAI, I decided to trust and invest. The change to proof of stake has not substantially changed anything about this coin with regards to the premine. I asked Stuhlman in IRC if the premine would be allowed to mint coins, and he said no. I still think something needs to be done with the premine to substantially reduce or remove it as a threat, but then I have always felt that way.
If you don't want to invest because of the premine, fine, but its not a "scam" until they sell the premine on the market and screw us all. If that happens then you guys can laugh until your blue in the face.
If they intent to keep 28% of coins, I'm advising you all get the fuck out till you can.
The intentions are clear. They probably didn't want anyone to know about them keeping all the coins. It had to be spelled out by the community. The fact that they would even think about keeping the coins, let alone have no response but yelling trolls is absolutely nuts. Get the fuck out of this coin now and don't support anymore of these shit coins trying to ruin the crypto industry.