Fair, unfair, doesn't really matter.
Red wrote a great summary a while ago. https://bitcointalk.org/index.php?topic=48521.0

I personally think that he's spot on. Most people won't care about Bitcoin at all seeing how the vast majority of the coins in existence are in the hands of a tiny minority. I personally have no interest in giving my (real)money to someone who happened to mine a gazillion coins on their PII on blind luck a few years ago.  I mainly hang around here to get a good laugh from the extreme libertarian views one can find in some threads.