"How are you going to distribute the initial coins, if not by proof-of-burn?"
For protocoin(let's just call it that for now) standard genesis address funding, most likely using the Angelshares model. We would rather use the BTC to further development then destroy it. I'm thinking of a very interesting equity and mining distribution. I'll be combining all the models that have seemed to have worked over the few months, and adding some of my own.
Quick question about an old post: Have you thought about using peershares for the initial ipo/coin distribution?
Because Storj is multi-token and multi-blockchain, we could perhaps release a token once peershares is stable and has a good feature set. As the Peercoin web lead, I'm watching Peershares very carefully anyways.