Bill wrote me that he has "mixed feelings" about reducing the initial distribution over time like this, but is "open to being persuaded." He suggested I ask for comments on the thread. I'll let him say more about his opinions on the matter if he wants.
Thoughts? Is this controversial?
It's perhaps fair to say that your proposal hasn't generated controversy. I don't have a strong objection to slowly decreasing the amount of initial distribution that can be claimed. It's consistent with the Spin-Off idea, so long as there is sufficient time for everyone to claim their part of the distribution. Five years certainly seems like enough time to become aware of the project and make a judgment about it.