I can't match this assertion with the Spreadcoin rich list. The distribution ratio is similar to what it was a couple of years ago, iirc and doesn't seem to have changed significantly. A statistical analysis would be definitive (to a known degree of error) but I don't have the time to hack one up right now.

But the obvious first question must be: is the rich list actually representative?

I've never been entirely comfortable with pricing stashes according to what they would bring at the current price assuming infinite liquidity.

There is a price history, so it is possible to make an informed assumption of the reigning price at the time of each contributing tx. That'll yield a rough'n'ready balance sheet for each of the accounts, give some idea of the relative position of the bagholders. If bagholders are an issue.

Cheers

Graham