In my opinion, ByteCoin is not premined. Others who are butthurt tend to disagree, but the fact of the matter is that it is debatable because the coin wasn't "premined" in the strict sense of the word. FUDsters throw that around way too much. If anything DarkCoin was 50% premined because half of the current coins were instamined within 48 hours of launch! Look at all the DarkCoin fanboys, blind to reality. ByteCoin was relatively unknown to the public, so they scream premined!!1 when in actuality it was mined by thousands of people for a few years. BCN is the real deal...Monero is a poorly marketed and branded copy cat and DarkCoin has it's many flaws which I don't need to get into. BCN and ducknote FTW.
I myself was one of the buthurts that wined about it, and I still think it would be better to launch the coin in a way that involves as many people as possible. But I've come to realize that in the end it really doesn't matter whether a coin launch involves 10, 100, or a 100 thousand people, because there will still be a big part of humanity that's left out.
This is no organized national economy, I view it more as an asset, like gold. And I bought my share at an affordable price. Either you invest, or you dont - simple as that. This world ain't fair, mother nature has never been fair (or at least in the way that we define that word).
Monero is just a sad copy, and my bet is that the developers of that coin barely can understand half of the bytecoin code. Bytecoin is undoubtedly a very creative and innovative piece of technology.
And who knows what plans the developers/huge holders have for the future, I mean, in two years they could figure out a less selfish way(than selling it) to make their coins accessible to the public.