Don't you think that distributing 50% of pre-mined coins among country population is socialistic or even communistic approach ?
I know several examples of similar asset distribution in post-commie countries in the past and every of these approaches was doomed to fail and lead to economic collapse. Most of the public assets ended up in pockets of a few oligarchs.
That's because they never were in te hands of "the many" in the first place.
Make your mind up - either you want crypto to succeed and gain a foothold or not. Icelanders are being distributed with something that's next to worthless with the prospect that they will "give it value" through gradually increasing adoption by their economy.
It's got nothing to do with "socialism" or any other political philosophy nonsense.