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Distribution is bad when minority owns more than 50% and has power to take it all from majority through dumping or disruption of network.
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Distribution is bad when minority owns more than 50% and has power to take it all from majority through dumping or disruption of network.
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Nobody has the power to take your bitcoins from you no matter how many they own.
Can't a crypto coin be developed in which there is a fair and equal distribution 
No. There is no such thing as a fair and equal distribution.
They cannot take away my bitcoin, but they can sell their huge stake and take away value of my bitcoins.
And, obviously, I care only about value of my wallet, I don't care about number of bitcoins in my wallet.
I agree that there is no fair distribution, but disagree that there is no equal distribution.
All it takes is to collect passports data and give each person equal share.
I am not suggesting that this is needed, I just state my disagreement.