Obviously if you premine a coin to have most of the monetary base for yourself or cheating the other users this is bad and the currency has no future. But my point is that premining used with a fair transparent distribution policy could be more fair than let the monetary base in the hands of big boys of cluster mining that can easily grab the largest part of the monetary base for personal speculation crushing the possibilities of all others normal users that with their little home pc cannot compete.
There is no such thing as a "fair transparent distribution policy". Coins come from mining. Mining is necessary to run a blockchain. I'm not a miner but i prefer buying coins from a miner instead of hoping for "fair transparent distribution policy" because that's just some scam-artistery normally. I've seen enough of these "fair distributions" over other avenues than mining. None of it was fair. Pow mining is the fairest distribution possible even if you're not a miner.
Remember: the miner did not create the coin. Letting the creator distribute his own coin "fairly" is an hilarious idea. You obviously have no clue about human nature.
This make no sense. Suppose that I have An altcoin X and its monetary base is limited to N coins.
If I start to annunce the currency as public and put all these premined coins in a reserve wallet that cannot be used by me but is used by a service where each user can get freely a fixed amount of these coins. This would be way more fair than let all the monetary base to strongest miners and there are tons of technological way to avoid that developers or greedy people can scam other users using multiple account getting more coins that allowed.
I find hilarious that so many people consider fair a system where basically the rich who has insanely powerful miner cluster get all the coins and the rest of the people can only melt their PC to grab some little crumb and are forced to buy the coins from these few people.
The only way to make fair the mining approach in the real world is creating a system that doesn't depend on mining power but assign a limited number of coins to each miner wallet that must use a real identity to assure the net He is not faking the system using multiple miner accounts.