Great first attempt. But I'm going to call a fail on this one as it doesn't meet neutral control .
Should have been at least 90% premined with a verification of about one year.
Then should have had an EQ reward.
Scrypt is not bad as everyone can technically participate but much better would be either CPU ie Quark or actually Sha256 this way Icelanders would have been able to buy ASICs at least.
A 50% premine and a fixed cap means that the "other" 50% can still be owned by large GPU farms or ASICs.
Think about if the Government issued debt free currency they wouldn't issue just 50%
That's where you are missing an official "inflation" rate .
So close but no cigar, does not mean I still wont participate , you essential will have created a type of Bitcoin .
http://forum.qrk.cc/thread/1416/neutral-control-principal-theoryIf you want to learn more about neutral Control have a read also if you are legit and want help or advice with this project Pm me.