Why are 800k+ coins for dev?
Isn't that a bit much compared to the low supply of ~10k coins per day?!
Yes.
At current exchange rates (I'm seeing .01BTC on bittrex right now) that's 8000BTC, or roughly $3.6m if he could get someone to buy all of them. I'd like to see someone fork this project with zero premine and have the blocks pay out 80% to fold, 20% to miner, in much the same way devcoin does it. And also, there is no good reason not to merge mine this.
Why don't you go ahead and do that while we continue folding here while supporting the actual developers of the project.