How is this "fair" distribution if some people are creating 10+ addresses?
I thought this was going to be somehow fair and one address per person.
what makes it unfair if you input more than one address ? Fair means that if you DO want to input more than one address, it's done in a way that everyone has access to the same amount of "fairness". So in this scenario, 10 addresses would take you 10+ hours to do so... The barrier is discouraging enough to prevent bots, scammers, or greedy people to get a monopoly on this. 10 addresses would give you 10 000 coins. out of the 50 000 000 possible, it's a decent 0.02% of the distribution and leaves plenty of room for anyone that wants to participate, to have their fair share. It looks pretty fair and honest to me.
You are going to have a lot of people creating accounts around the clock to game the system. Why should those people have several times higher stake than those who don't have time to do this?
This also leaves open the ability for the developer to claim as much stake as he wants in the background.
One account per user ensures the developer doesn't have a majority stake because you can see exactly how many people have applied for stake, you can't just create "phantom accounts".
On the issue of people creating accounts (and I assume you mean sending more addresses) the process is so long that this wont affect a vast majority of the people. If you don't have time, well that is your particular situation and this is the same as saying why people WITH time can't benefit from this.
I think fair doesn't/shouldn't mean equally distributed... That's a "socialist" type of idea that I won't get into here.
As for the dev abusing their own system... it is a valid concern. I think it would be stupid from their part and kill the long term possibilities of this coin but hey, it's been done before... Stupid people are stupid people. I guess we need to have some kind of faith and trust there that this won't happen here.
Blind faith and blind trust have no place in the cryptocurrency world.The whole point of cryptocurrency is we can't trust people not to be abuse that trust. If you believe this schmuck isn't going to take advantage of possibly millions of dollars (see auroracoin) then.. I really don't know what to tell you.
If people really were making these coins out of the goodness of their hearts and not to get rich they would strive harder to make them fair and equally distributed. Not leave glaring holes in their systems which only they can take advantage of.
I wasn't talking about blind trust here. I'm not sure I agree with you when you say that the "whole point" of cryptocurrency is we can't trust people to abuse that trust. A major point of cryptocurrency is to be able to be just that, a currency... now how is it going to go mainstream if mining farms and the already whealty can "buy" there way in.
Where ever you look, this is going to be injustices... But considering all we know, this is by far the fairest distribution I have seen. you don't have to be a nerd, have a gazillion MH/s farm or be already rich to start with crypto... My grandma could get her address and be part of the revolution without going through too much pain.
Heck it's given for free !!!! what's to lose?
Why should I care if the guy that put time and effort in putting this together makes money, even if he makes a lot? He's trying to scam us? well shame on him and move on.
Maybe I am crazy, but I still have faith in people, that some of us really work for this to be a better part of our collective future. And besides the money that can/will be made out of this... I believe that this concept of "fair" distribution is worth that we test it out as a community. I'll say it again, this might not be perfect, but it's one of the best I've seen this far and a step in the right direction IMHO.