let me make this really simple:
two options:
#1 - One guy with 7.7 million coins who promises in anonymous net forum not to sell the coin and be a really good guy wile rest of the community only has a tiny fraction of total the coins.
#2 - hundreds of adopters (early miners) with coins who like to see it succeeded and last for a long time because they have invested time and resources.
Let me see now...
1 guy with 7.7 million coin or strong community with 7.7 million coins...
It seems
you have completely ignored the "redistribution drops per-coin price" part and have not addressed the simple observation that neither pre-mined chains nor "srs markets" with strong hoarder players (diamonds, gold, you name it) show any sign on collapse.
In fact, DeBeers have more influence on diamonds market than I have on fledgling TBX market and my influence is only gonna shrink.
Should we, by your logic, expect a collapse in the price of diamonds ? If no, why not ? DeBeers essentially have a "fuckton of diamonds, premined" for all practical intents and purposes.