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I think at this stage it's impossible to fairly distribute a coin to new users. Bitcoin was born into a unique environment. The world did not know what to thin

I think at this stage it's impossible to fairly distribute a coin to new users. Bitcoin was born into a unique environment. The world did not know what to think, and largely ignored it, so it was able to spread organically for years, detached from any notion it would ever be worth anything. Because it had no value, it could grow without having to worry about these kinds of attacks. Only once it spread far enough did it begin to take on economic value and an exchange rate, reaching one penny and beyond. Airdrops these days do the exact opposite. They're premined, listed day 1 on exchanges, and the creators try to pump the exchange rate in order to finance later development. The entire process is corrupted by users viewing projects through an economic lens, and creators trying to extract value before delivering value. Now that the cat is out of the bag, it's likely the conditions of bitcoin's creation will never happen again.

aluminaient 4y ago
Are you saying you think bitcoin was fair? That seems hard to support.
- aaaaaaaaata 4y ago
  They're saying it's as close to fair as they think we're going to see succeed.
drexlspivey 4y ago
grin started a couple years ago same as bitcoin, the day of the v1.0 release the devs hardcoded the latest bitcoin block hash in the genesis block (to prove there was no premine) and as soon as they pushed the commit people were able to build the code and start mining
- yieldcrv 4y ago
  people dont consider instamines any less unfair than premines there is zero consensus on fair and therefore it is impossible to have a fair launch all outcomes result in consolidation unless inflation/dilution is extremely high and uninteresting
  - aluminaient 4y ago
    Grin wasnt instamined or premined. One new coin per second is mined forever starting day one. So it is pretty interesting and very high inflation and widely considered to be the most fair distribution to date.
cowtools 4y ago
Well bitcoin's distribution in the early days also relied on faucets, which were susceptible to sibyl attacks

aluminaient 4y ago

Are you saying you think bitcoin was fair? That seems hard to support.

aaaaaaaaata 4y ago
They're saying it's as close to fair as they think we're going to see succeed.

drexlspivey 4y ago

grin started a couple years ago same as bitcoin, the day of the v1.0 release the devs hardcoded the latest bitcoin block hash in the genesis block (to prove there was no premine) and as soon as they pushed the commit people were able to build the code and start mining

yieldcrv 4y ago
people dont consider instamines any less unfair than premines there is zero consensus on fair and therefore it is impossible to have a fair launch all outcomes result in consolidation unless inflation/dilution is extremely high and uninteresting
- aluminaient 4y ago
  Grin wasnt instamined or premined. One new coin per second is mined forever starting day one. So it is pretty interesting and very high inflation and widely considered to be the most fair distribution to date.

cowtools 4y ago

Well bitcoin's distribution in the early days also relied on faucets, which were susceptible to sibyl attacks