What kind of bullshit red herring is this? Who said anything about "stealing"? He paid himself a huge portion of the coins. When the time is right he will dump it and crash the coin, and walk off with the cash. No "stealing" is necessary.
Well if that's what you believe, then don't fold for it if you don't want to, no one is forcing you to. You were pointed to the relevant post explaining who the dev is and what the dev coins are for, etc. and completely dismiss it, yet you're trolling and spreading FUD about the dev's future actions as if it is fact with nothing to back up what you're saying. Do you know the dev? Is he a pathological liar? Repeat offender of criminal theft? What is the basis for your conclusion? Just your perception of human nature?
The latter one. Name me a coin that has a significant premine and hasn't seen a massive dump that killed the value, and maybe I'll change my mind.
I'm not calling the dev a thief, or even a scammer. I'm saying that at some point he will see the value dropping, think about his mortgage, and panic sell. He can do that, it's his coins - 3% of all the coins that will ever be created in the 10 years or whatever that this is planned to pay out.
That's why I call for the devcoin approach. I don't mind if he gets 3% of the coins. Hell, I'd rather he have 10% of the coins, but only have them paid out as they're mined.
This is not a terrible project, I'm just disappointed that there was so much thought put into the concept, and so little in the implementation.