This is the first proposed coin for the Honest Coin Initiative (for more info on the Honest Coin Initiative, see https://bitcointalk.org/index.php?topic=541165.0).

Algorithm: modified scrypt-jane (NFactor 9) + PoS
Block time: 30 seconds
Retarget time: 30 blocks (15 minutes)
Rewards: first 5000 at 1 per block, then 50 per block, halving in 2 years
Premine: 0%


I really like scrypt-jane for it's memory-hard approach and reduced stress on GPUs, but I get annoyed by the NFactor changes.  My idea is to pick an NFactor and stay there until there's a good reason to change, then hard-fork if need be.  I picked NFactor 9 just because it's the most analogous to Scrypt, so people will get similar hash rates. 

I considered X11, but a.) it's not ASIC-resistant in theory because it's not memory-hard, and b.) there appears to be some more efficient GPU miners that are not being shared with the general public.

I picked the block time purely because I want to have quick confirmations.

I want to give everyone time to start mining, so I picked 5000 blocks at almost no reward to create a smooth launch (should take 1-2 days before the blocks start paying out).  After that I picked 50 just because it's the standard.

Please review my proposal and provide feedback.