The idea is not to give everything away all at once.
As it is released in waves, each wave will have more publicity and more people applying for a decreasing amount of PMC. In this regard it works just like the block reward with higher difficulty resulting in less coins for each person.
Yes, because PMC already has value we are going to be giving away "free money" and a majority of people will just turn around and sell it. But many wont. Those that sell will be giving their PMC to people who believe PMC will have more value in the future, which is what we want.
Even though it is just being given away, each individual person will not have a lot of PMC, this results in less dumping because there are no "whales" per say.
When its very easy for people to obtain coins (at the start of PoW mining) you get a select few people holding a large amount of coins. This is why prices tend to tank before going up.
As for a name, PMC+ or PMCP I think would appeal to everyone (we don't want to move away from the "premine" name, only add to it).
I dont like the idea of giving the dumpers more coins to dump, which we already has done with PMC.
Do you think the dumpers wont dump, if the amount is small? Its all with the mind-set and those who are after quick money will always dump as every little helps to achieve their short term goal.
I havent seen much interest in this coin recently, when the prices has plummetted - so dont expect lot of people to buy this coin from dumpers at cheap prices.
Even though we are planning to give small amounts to individual accounts, how do we deal with sock puppet accounts?
And for the name, 'premine' kind of has a stigma associated with it in the crypto community and I would try to move away from it, if we can.
Every newbie who comes to the crypto community, will soon find out / or given advise to avoid all premine coins as most of them are scams.
If we stick with the premine term, most of the new people will ignore this coin, just because of the name I am afraid.
Even though we are doing justice to our coin with the name, not everyone will look into the details of every coin as there are tonnes of them out there now.
Thats my 2 patoshis.
I like free giveaways as it increases the user base and more people will know about the coin.
I missed the original PMC one, looking forward to this one now.
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