well, I'm a MINT holder, mined MINT from its first week, still holding all my coins, and contributed my 2-3 months of time to MINT (including important fixes for main wallet, and also an android wallet I've been working on since April) -- and I don't think it's FUD.

I have to remind David Latapie is the founder of Mintcoin Fund, which means he is legally under obligation for its actions, in real life. It is a very large commitment.

Some of the other people which are curious of the premine (of which I know) are also contributers to Mintcoin (Let it be press releases, web sites, finding things to do like forestration projects, so on).


If you show the way out to the people who are actually contributing to the coin; who just have reasonable demands like seeing where the premine is spent (or how much is not spent yet), MINT would lose its community support. It is true everyone got onboard MINT knowing there is a 700M premine, but everyone from the beginning demanded to learn where it was being spent, and what is now happening is that they still do.

If you want a coin to build a community, gain traction, and increase in value, you have to get people spend their time for it. If you can't warrant people (who are spending their time on it) that it's really worth their time, then you will have just another bitcoin clone with good parameters. Spending time is an investment, if at any point anyone sees that his investments aren't worth it, he'll invest in better things instead.

I just don't understand how secret the devs have to be for 700M mint, it's just a premine, which is going to be spent for the coin at the end, it's not a strategic nuclear missile. MINT currently has good community support behind it. But people just want to be sure the premine is really being spent for the coin, and be able to track it. If not, why should they spend their time and continue contributing to the coin; just trust the words of anonymous devs who are seen only once in a while and who are every few pages argued to left the coin?

I'll really be surprised if MINT comes so far building a community behind it, and then can't manage to enlarge it due to some irrational secrecy.