Ok I'm confused.
According to the initial post on this thread, the dev states that he will get 7000 coins every 5000 blocks, and he will use it for promotion.
This means that thus far (block 44,120) the dev has collected 61,768 CYC coins.
(44120/5000)*7000 = 61,728
It seems that everyone mining this coin is part of the slave matrix!
Please correct me if I'm wrong.
* No IPO, Premine or Instantime but 7000 coins every 5000 blocks are used to support promotion of the coin.
I think this kind of support for coin is fair. Better than IPO, Premine ... every coin needs support from Dev and community. Many people in our community support it now (please have a look for rapid Mintpal votes increase) so they approve this kind of policy.