Like the groestl algo, but that premine....c'mon son!

Not sure what premine are you talking about? We will have max 2 days running-in period with limited resources - to keep the diff low.
There will be
0 premine. Few coins created during running-in period will be transferred to charity account. Charity (10%) and dev (3%) contributions will be created gradually, block by block. This design did complicate lots of low level stuff, but premine was out of the question from the start.