Thank you for some constructive input jancsika, that's exactly what we have been hoping for.

You hit the nail on the head for why bootstrapping is so much harder now then it was in early Bitcoin days, mining is so industrial now the solo miner using a normal computer is immediately pushed out.  Proof of work is just not a viable distribution medium in our opinion, we have said that the distribution of the new money should be as democratic as possible and the ideal would be to simultaneously give everyone on earth an equal quantity, that's just not logistically possible so were going to need to come up with the closest equivalent.

Mandating a time frame to complete the distribution would be a good idea, this is typical in many foundations (Bill and Malinda Gates for example) to prevent the funds from being 'sat on' forever.  I'd say something like 5 to 10 years as a maximum period for the foundation to be distributing all the funds, if they aren't distributed by then then they could all be 'destroyed' aka sent to an inaccessible address, demurrage will gradually recycle them of course.

I think your right that we are to a degree over our heads, that making a foundation is harder then writing code.  But we did it because we felt it was necessary for crypto-currency to grow to a wider community.  But that's why people should be HELPING us form that foundation and setting it on a Legal footing that will show how such a thing can be done, or should we fail at least how not to do it.  Many of the abuses that people are accusing us of planning to do would indeed be terrible, so tell us specifically how the bylaws of the foundation should be written to prevent abuse.