[ybalkind]

Can you spell out why is that fundamentally bad? I'm asking in good faith not to be oppositional, apologies if its a stupid question. But if you were buying shares in a company it would not matter if most the shares were held by the company (as long as there is enough liquidity to sell your shares in future). Why is it different with the currency? I get that its making the founders rich so perhaps they have greedy intentions, but why does this inherently undermine the validity of the currency?

[monokh]

A cryptocurrency is generally more easily spendable in an open market. The sell potential that a founder has with 75% of the supply is massive.

If I created a coin today and sold 1% of the supply to you alone, on what basis would you want to store any value in that currency? Given constant buy demand, The currency's market value is defined by what I do. This is why organic price discovery for a currency is important.