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Ask HN: A better way to distribute cryptocurrency coins?
2 points by peculiar 3275 days ago
Online payments without middlemen is a very exciting thing. There's however an aspect I'm not quite excited about. The initial coins distribution. I was under the impression that common currency is not someone's company shares and thus there should be equal opportunities for everyone.

Is "mining" (in combination with ICOs, decreasing block rewards and other tricks to get the vast portion of currency for initial members) the best we can do?

Is it possible to somehow reuse the Facebook data, use ipv4 addresses (ipv4 blocks are distributed among different regions, right), and so forth? Or it wouldn't work without a "get rich fast" scheme for a limited group of people?