between all the people?
I don't see the reason why a few people who were the first could gain a big share of the coins and people who want to buy coins now have to pay for them. and why would people will cooperate with such system.
I mean I only heard about this today, I would participate earlier if I knew about it.
What exactly would you propose people do? If competition for Bitcoins wasn't a motivating factor then the BTC economy would be a lot less robust. The people who found BTCs first were the ones who helped Bitcoin grow in the first place. It's also not like they "stole" anything or ripped anyone off by being the first to mine Bitcoin.