its 10 minute blocks target time not 60 sec.. its been 3.5 hrs and theres ~180 blocks only. Half in first 30 min. Retargeting is trying to play catchup to the hash coming online.
It will take a long time to catch up with that 2.5% premine/210,010 coins
its ok we lived through this stuff before right? you want to be able to mine or pay for ICO, dev's gotta make money some how.
Damn...the devs coins will be the ONLY coins on the market for months. Glad to see people are starting to sniff this one out before people get burned...again.
Soo..4-5 month 2% IPO?
Do you think it really matters? I see that you have obvious discomfort with it and I'm sorry, but the reality is that even if all the premine coins get sold, the worst that can happen economically is that the price is cheap for months if nobody's on board with the idea.
You're still dealing with a potentially working implementation of ZeroCoin.
They could have IPO'd the entire 100%, but they didn't.
They could have IPO'd the eintre 2.5%, but they've set aside .5% of that for free giveaways.
The developer did all the work, did you expect to get rich?
There's far more to worry about than the price, if this is a working ZeroCoin implementation.