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by zmaurelius 1313 days ago
I don't think fair distribution of cryptocurrency in the bootstrap phase is a solved problem. We got a long way to go if we are to come up with a fair system. Satoshi went with the best that he could come up with which is a no premine solution.

A slightly better solution would be a no premine coin with a global announcement for 5 years before the mining begins so everybody gets a fair shot at participation. I am sure we can develop even more fair forms of distribution with sufficient research.

1 comments

Honestly, that would give wealthy people (and possibly scammers) plenty of time to figure out how to game the rules.