About participation of exchanges in the distribution.

It is not the first time that people raise valid concerns about exchanges using their customers funds to get a large chunk of bytes, for themselves.  A few people offer to cap the amount on one bitcoin address but immediately admit that it is easily subverted by splitting the balance across multiple addresses, in other words, it doesn't work.

I see two solutions that work, both are something that I cannot do alone, and the community help is of utmost importance.

1.  Dilute the share of exchanges by bringing more people on board.  Fortunately, all individuals combined still hold much more bitcoins than the exchanges, hence this is achievable.

2.  Approach the biggest exchanges and ask them to give bytes straight to customers, as Jabbawa suggested above.  I'm going to do it but this will only work if there are enough customers who ask them about that.  If you are a customer, you can help.

(To avoid derailing this conversation into endless discussions about inequality, this post is about exchanges using funds that do not belong to them, not about whales using the BTC that they own)