And there are a few people who hold a huge chunk of the Bitcoins. Does that make it a scam too? So a few people with big hash power were quick to mine a chunk of them. So what? More power to them. And if it is a bubble waiting to pop then what is wrong with other people taking advantage of it while they can? The same could be said for Blackcoin, Darkcoin, Bitcoin Plus, etc., etc., etc. Those are all coins with a few people holding huge amounts and doing everything they can to manipulate the prices in order to make big profits. That is the name of the game, isn't it? No different than the stock market.
And thanks for the reply A-tM. I wasn't getting any real response from gmcm.
In present times, if the developer wants the coin to be successful and distributed fairly among miners, then he should make sure the distribution is according to the plan. If the block time is 1 min, then it should take 10000 min to issue 10000 blocks. He can adjust the difficulty level to achieve that.
If the coin is not issued according to the specification, ie, instamine, then it is a scam. I will avoid those coins. It is as simple as that.