There is so much wrong with this concept.
People please stop.
Why am I wasting my time.... ok, first he has a 50% premine, and we are just going to trust this guy not to run off with that?
Allright, thats negative mark number one.
Secondly, how is 100% of this coin supposed to equal any established altcoin, let alone 1%?
you think you are going to be able to buy all leafcoin for 1% of this coin?
Thirdly, if this coin does somehow become so valuable that he can buy out several alts (which he can't) then we are then trusting him not to steal the 50% premine that has now become worth millions and millions of dollars?
Fourthly, you can't just buy 100% of any alt coin. Not everyone will be willing to sell, some will have been lost, etc.
Fifthly, Even if you bought 90% of all bitcoin in existence, not only are new coins being mined every day, but that remaining 10% is divisible down to the eighth decimal place. The rest of the world could continue using that remaining 10% of the coin.
Ultimately this is a fucking retarded idea.
Please don't encourage him.
deletecoin = shitcoins lol