The reason I don’t worry about 12 million premine is because you should have expected it. They are running this closer to an IPO meaning most coins early on will be from people who paid for their coins. This will help “protect” the investors in this case. You want people that had to pay for the coins to be major holders because they are less likely to dump for a loss early on. Miners on the other hand dump to cover their cost of mining. So with this part I see no problem. As long as all the coins go to their respective investor. Now of course you have to believe GAW a lot on this. You have to believe these coins were actually bought by outside investors and that they are not just split into a bunch of GAW addresses where they are going to sell them off before HP customers get theirs.