boooooo
I liked the concept of this coin, and I even thought about making a playing bot, but then I saw the premine that I didn't find mentioned anywhere in the OP or in the website.
They premined 450000 coins and apparently forgot to tell about it. I'm staying out of this coin, I won't spend time playing for the devs if they are not honest about it.
There is special reward for 3 developers of Motocoin - each developer will get 150k motocoins. There will be tens of millions of motocoins so 150k is not very large amount (and some currencies are 100% premined). Also this reward ensures that developers will have strong reason to support Motocoin.
This was announced before release. I will add this information to the first post. This wasn't originally in the first post because it was written long before release and size of this reward was decided shortly before release.
also, I have my doubts about the difficulty adjustments.... is half the time the double of difficult? does having the double of time make it twice as easier? it probably doesn't work like that, after a retarget it may get to a point where it is too difficult to win. It will get to a point where it's so difficult only bots can win anyway.
Retarget is not that simple. It will never go to point where it is too difficult to win.