Bingo. Even if person premined 50% and he created alot of value everybody wins. Also each person can decide what is acceptable for him/her
Thanks for the replies. Concesus is 0% premine . Now my next question is how do you determine when a coin has had a fair launch? If he posts it on a crypto forum? Does it need a pre anouncement? Does he have to post it on btcointalk? or are a few other smaller forums are all thats needed?
A coin has had a fair launch when the value goes to the people who created that value. If a coin doesn't involve the creation of any value at all, then all distributions are equally fair. You can't unfairly divide a zero. The early Bitcoin miners created the value they gained from their mining by making Bitcoin secure and usable.The focus in the crypto-currency community on *dividing* value rather than *creating* value is disturbing to me.