can we analyze how coin is distributed by looking at how much are most wealthies wallet address, and how it is distributed among wallet
anyone done that? it would help to confirm that this is indeed better in distributon
It is possible to create a rich list. You have to note however that it is too late now to draw any conclusions from a rich list regarding fairness of distribution for MIN. Many people have already bought tons of MIN on C-CEX and therefore the current rich list could have resulted from normal trade on an exchange. This makes me think however of general block explorer controls that I have been thinking about but not yet posted. I could have posted it anywhere as it is coin neutral but I post it here since my reply to your post triggered the thoughts again so I just post it here:
I suggest the following procedures regarding wallet balances before, during and after any coin launch. This will ensure the basic principles of accountability and transparency:
1. When a new coin launches, a rich list must be drawn up before launch using the blockchain at that point. The dev can submit the block chain to a trusted 3rd party who can run the script and publish the block explorer and rich list before the launch. This will indicate if there was any pre-mine by a dev. The addresses that exist just before launch will be the dev's pre-mine addresses. No coin may therefore be launched without a working block explorer and rich list. If this can be made compulsory for all coin launches, then we will know all pre-mines in advance and we can monitor the pre-mine address movement during the launch, POW and beyond. Here is an example of what must be created as a pre-requisite of all coin launches before the launch
http://explorer.payprocoin.com/2. When the coin hits the first exchange, the pre-mine addresses in point 1 can be monitored by the community and any large movement in it can be immediately picked up by a warning built into the pre-mine script and the community can be warned of imminent pre-mine dump. Dev's are accountable to the community on all pre-mine activity and have to explain any such movements to the community. This is a basic principle of public accountability. A bad dev might try to cipher the pre-mine to other addresses but those movements can immediately be picked up and the dev must explain the movements. It would also help is exchange addresses are made public so that large movements from pre-mine addresses to the exchange address can be picked up by the block explorer monitoring script and red flags raised.
3. Immediately after POW ends, the rich list will indicate how fair distribution was, although this might be tainted if there is an exchange listing before end of POW. This can be countered if there can be an agreement that no coin gets listed before POW ends unless it is a coin with indefinite POW.
Coin dev's that are open an honest will subscribe to these basic rules. An honest dev has nothing to hide. Coin devs that do not want to follow these points are probably scams and should be avoided as the only reason they would not agree to this is if they want to hide something or have ill intent.
I think the above procedures will limit the number of scam coin launches.