How about that title for an attention getting advice? Anyways, I have an important (to me) question...
Why not create an altcoin that has a reward based on an order of magnitude of hashing power of each miner such that reward(R) is equal to log base 10 of hashing power? For example:
1 MH/s = (log(1)=R); R=0 coins
2 MH/s = (log(2)=R); R=approx. 0.30103 coins
5 MH/s = (log(5)=R);R=approx. 0.69897 coins
10 MH/s = (log(10)=R); R=1 coin
1337 MH/s = (log(1337)=R);R=3.12613 coins
10 GH/s = (log(10000)=R);R=4 coins
10 TH/s = (log(10000000)=R);R=7 coins
This would create a vast wealth-gap reduction, so that 1% of addresses do not own 70% of coins. In doing so, there would be a great decrease in market-dumping and would be asic-proof in the code itself. If a miner with 10 TH/s mined 1 block with a reward of 7 coins, another miner could make the same profit with 10 MH/s of hashing power in 7 blocks. That discourages huge for-fiat-profit mining operations and encourages everyone to mine to make their coin, further supporting the network itself because everyone can generate coins even with an old CPU (every H/s counts!)
Thoughts, Concerns, "Fuck you, you socialist bastard"(s), etc.