XMR is not the most legitimate and economic initial distribution of any cryptocoin existing. There are other people(myself included) who have gone to great lengths to attempt to create the fairest possible initial distribution for a cryptocurrency.
Hah, contradiction already in the second line. Sorry to say but your logic has been going down since last year.
There have been other currencies that have been launched with no premine, no instamine, no IPO, with development entirely funded by donations. And that didn't have a crippled hash function at launch.
Monero has had a relatively fair launch. But to make a claim as grand as you just did is quite strong. There are many other positive aspects of Monero that are based in fact and can be proudly trumped instead. One of which is the solid dev team that takes an honest approach to communication and doesn't sugar coat the issues. This is rare and exceptional in my opinion.
I think what he probably meant was not only no premine, etc. but also a relatively huge amount of trading that redistributed the coins to people willing to pay a market price for them. And it is true. For a young altcoin the volume has been huge. So much so that the trolls accuse it of being "fake."