Or someone could just fork the coin, give it a decent name like minibit or microblock, and replace the m7 algo with dual merge mining sha and scrypt like huntercoin; or even better triple merge mining with qubit or something gpu friendly too, to give the coin a wider distribution. I don't see the reason here for a new algo (m7) except to have private miners, so that a select few can have a mining advantage while the block reward is at its maximum.