Premine: a small stake of the total economy is distributed among founders and friends or otherwise distributed arbitrarily to other people
Bitcoin was instamined (cousin of the premine) by SN. Personally, I have no problem with a premine as long as the founders are upfront about it and are transparent as to its use. For example, using it to fund activities which bolster adoption of the currency.
No it was not instamined. Stop spreading nonsense. Bitcoin was released to the public on time. The problem is that nobody really wanted to mine it. That's the peoples fault.