I've already verified my identity and address with JohnK as part of his identity escrow service for Stumptown Miners, so he should know what address to redirect the chips to if that is indeed the direction we're going.

So...

We've got an unresponsive group buy leader, whose sample chips still haven't arrived (even though other group buys have had sample chips for weeks), who was supposed to be running an assembly service whose website account is now suspended, who is moving to a new location of which the escrow service is unaware.  

Tell me again why I shouldn't be a little sketched out?

WTS 100,000 TDC for 1LTC

Well that is not true.

I'm not defending the coin, there is a great chance it is going nowhere just like most of these coins.  Just saying that in comparison to other premines/instamines it is nothing to bitch about.  Remind me again just how many LTC were insta-mined in the first few days of launch?

Yes, Satoshi mined his coin from the start when practically no one in the world knew about them or gave a shit about them.  So he basically gave himself a fuckton of coins when BTC was still incubating.  And this is effectively different from a premine........how?

These days a dev doesn't have that luxury when every new coin announced immediately has 300 MHs thrown at it.  Unless the dev also owns a whole lot of 7950's or ASICs, he can't even compete with the horde of miners.

Also, these days no one has the time to mine for years before a coin reaps a reward, we have expensive ASICs and GPUs to pay for.  I'm sure it didn't set Satoshi back much dough to CPU mine 100 BTC a day.

Spout all the idealistic rhetoric you want, but fact of the matter is 95% of the crypto community doesn't give a shit about any of these coins.  All they care about is making more BTC and at the end of the day, more fiat because we can't pay our mortgage with BTC or sheets of LSD ordered off SR.

Fact is crypto's are business these days, if no one ever started buying BTC with USD, Satoshi would still be CPU mining to this day and hoping the world would wise up to his wonderful creation.

BTC rise to $266 was the best and worst thing that ever happened to it.  Now it is all about the money.  If we actually used BTC as Satoshi envisioned, we wouldn't even trade them for fiat, we would have no need for fiat anymore!  Yet we all still have clarkmoody loaded up 24/7 so we can obsessively monitor it's worth in filthy dirty fiat.

And I love sunny king and PPC and XPM, he is one of the true innovators in the community, but look at the debacle with the XPM client shortly after launch.  It was terribly optimized, and resulted in a ridiculous amount of client mods thrown together by the community.  It was anything but a smooth launch.

Do you think if devs were properly compensated for their labor, that we would issues such as this?  A high quality coin painstakingly developed for a long time by talented devs would have, at launch, innovative features, a flawless client, services and shops accepting the coin, mining pools, block explorer, official websites localized for all major countries and languages, and I'm sure many other things that I lack the creativity to even think up.

Instead, we just get devs who view their coin as at best a hobby to work on in their spare time, clients just slapped up on a forum and we basically just mine and pray we aren't wasting our time.

BTC was premined to fuck, so, I guess BTC is a scam coin too.
I don't pick and choose. I go into Cryptsy, I shout, first GILL address, gets free GIL!!! and I send it to them.
I created this coin. It took a lot of work. I paid, out of my pocket, for a VPS to have a fast, dedicated node. I paid, out of my own pocket, to have the windows client compiled for me, because I couldn't get it to compile. I paid a bounty of 20K, to have a pool setup, within hours of release. The pool was up and ready, before the block reward had increased to 1. Most coins release, and after a couple hours, you see threads, with people who have thousands of coins to sell. Noone had thousands of GIL. Block reward was 2, until a couple hours ago.
GIL is fast, 45 secoond block times, 3 confirmations. Difficulty adjusts both up and down, very quickly. It's very secure. The block reward right now, is random, between 10 and 50. That's a whole lot of randomness, which should help prevent it being attacked. I have a theory here. Lets say, someone wanted to launch a 51% attack, on GIL...So, they create  their own offline version of the blockchain. Now, GIL's blockchain, is completely impossible to duplicate, due to the random block rewards. The attacker brings their version of the blockchain online, the network sees it, and, see's that the block rewards for their version, is completely different than what the other 50 clients on the network, are showing. So, in theory, and this is just a theory, mind you, the network rejects their version, and no fork is created.
Now, I created GIL, with a specific goal and purpose in mind. I clearly outlined this, and, asked for volunteers, and support from the community, to join my team, and make this happen. So far, I have had interest from 1 person, and the rest of this community, has done but bash it.
So, on that note, if you have an issue with the premine, fine, what ever, don't mine it. The other 35 MH/s that is pointed at it, please, continue to mine it, and have fun

As long as the coins are legitimately used for giveaways, bounties, and the like to get a coin going, I see no problem in a reasonable premine.  I don't expect a dev to spend his free time designing, programming, and promoting their coin and on top of it sink his own BTC into it to promote it.  Honestly, I don't even mind a dev premining and holding a reasonable amount of coins (what a reasonable amount is is up for debate though, and yes, I screwed up the math, it is a .16% premine) for himself if that means he is going to invest his time and energy into making the coin successful.  Face it, if a dev stands to gain from the creation of his coin, we will get better and more innovative coins.  This is simple free-market capitalism at play, same reason phizer invests billions into new and better pharmaceuticals, same reason GM invests billions into creating safer and more efficient cars, they sure as shit aren't doing it out of the kindness of their hearts.  So why should a coin dev be looked at any differently?  If we as a community decide a dev isn't allowed to profit off his creation, we will continue to be stuck with shitty copy-paste scrypt coins.

I don't understand the arrogance of some in the crypto community.  "why can't we have a real innovative coin that I get to profit off of, but fuck the dev who spent his time and energy on it, if he profits a cent I will scream scam-coin, oh and I also expect him to sink his own BTC into it to promote it because pre-mine = scam coin"  Meanwhile the miners sit back and bitch and mine and dump and cash out.

Or even better, merged mine bitcoins, namecoins, devcoins, groupcoins, coiledcoins, ixcoins, i0coins and geistgeld all at once and trade them all in for gold?

Or even keep the bitcoins to pay the electric bill and trade the others in for gold?

-MarkM-

I'm sorry, why should this stuff timeout of my own pocket? I don't really care so much about profit, but I'm not really a fan of losing money. I premised a tiny bit, I used it to get a pool up within hours of release. I prevented anyon. From install mining huge amounts, and I have been distributing coins, a lot of them, to people who lack the hardware to mine much themselves. So, what was your problem? Move along

In all fairness, he was doing large giveaways on cryptsy yesterday, so from what I am seeing so far that premine is going out to the community.  And anyway, the premine is only .0016% of the total coins to be produced.  Plus, it took over a day to get to full rewards, so he did what he could to prevent instamining.  Say what you want about this coin, but there are far, far worse offenders in the premine/instamine department.

I was thinking some of those chips must be ours... I like my chips like I like my women: fast, pretty, and dangerous.