Quote from: kryptologist on April 25, 2014, 08:11:19 PM

Quote from: kryptologist on April 25, 2014, 06:56:08 PM

Out of the current premine we will pay the 8 devs 4k CAI each to a total of 32k CAI which they will exchange with the rest of CAI owners. the rest of the premine will be transfered to an escrow trusted in this community and will act as a third party to insure this premine will never be exchanged to CAIx.
The original premine was 560k of which 68k went to the IPO owners and 92k were paid for services bounties and giveaways. The original developers in this project have not received any payments so far, although we did say we will get 8% of biweekly payments, this never materialized. All the devs will be getting from the premine is the 32k CAI.

Okay so assume we believe what the Devs are telling us:

There will be a total of 1,600,000 million CAIx.

68,000 (to IPO) + 92,000 (to bounties) = 160,000 premined and spent coins

Question: does the remaining 400,000 CAI form the original premine go into escrow?

If this is the case then the original 28% is correct.

If this is not the case then: 160,000 premined and spent coins / 1,600,000 total coins = 10% premine

Either way this seems terrible, please correct me if I'm wrong.

http://1.bp.blogspot.com/-ZpkIs_bHwK8/UrCsecFCZAI/AAAAAAAAA78/9TS_IOpSgic/s1600/WW-Hell-No-84353749801.jpeg

This message is specifically directed at the developer(s). It is a huge problem. How do you think is is okay? How is it not a problem that you spent minimum 160,000 which is way over the 2% premine (160,000 = 10% premine). How can you decrease the total number of coins to 1.6 million without this being a scam? Make no sense. Please clarify.