Ah, the socialist solution to ASIC!
I'm in, if this isn't just a pipe dream. But what's to stop unknown groups from buying huge chunks of this proposed new hashing power? Wouldn't this just be another opportunity for the well-funded profiteers to make even more money?
Make a finite batch and have a lottery for each one, make it random distribution for fairness. One persons money then becomes as good as anothers.