Time to panic sell. Devs have bailed on us...
Correct me if i'm wrong. The dev's had 700 million coins premine for development/promotions. They have not accounted for any of this publicly (fine, w/e). A few posts back they asked for 5 million from the community to get some Mintcoin/USD exchange going. Basically this says there is no development coin left. The way I see it, if there is no coin left for development/promotion then they must have been the ones that dumped and killed their own coin for profit. Try not to flame. If you see this differently then please logically explain your arguments.
I have sold 3/4 of my coin to pay for the power/time from mining all this. The last 1/4 I will probably hold onto in case the community continues to adopt this coin as we don't have to worry about the already spent pre-mine destroying the value a second time.
I don't mean to sound all negative here. This is my personal interpretation of what has happened since this coins launch.
Oh, and on another note, this has also scared me away from 'zeitcoin' after seeing the exact same setup and a 'Minting suspended due to locked wallet' message within their wallet. Maybe i'm just paranoid.
Well... that's my 2 satoshis on the situation.