Why is 3000 or 5000 or even 10000 stakeholder of NEM better than 70 in NXT. Nothing is fair when we talking about money. Money need to be transparent not fair. Is Bitcoin unfair because of his creator? Satoshi fortune is around 1M Bitcoins, maybe more.
its simple statistics. why do they use the word "fair distribution" "decentralized" ?
simply put.
if 5000 people took part and they are all unique shares (hence fair distributed). let say 10,000 coin for each.
even if no one else is interested into buying once it hits and exchange there is a 50-50 chance that it will be half sell and half hold between current share holders.
assuming half selling then its 25 000 000 coins sold.
half holding mean that there is 2500 shareholders who will probably buy all this 25,000,000 coins back
hence leaving 50,000,000 coin between 2500 people. or considering a mass panic sells then 50 mill coin between 1200 people who held their coins and bought more.
doing it the other way with only 70 people. at 50 mill coins thats ~714000 coins per person.
very low number to think it will be 50-50 sell or hold. it wont mater. (hence bad distributed)
even if 10 people sell , that is massive sell order. leaving 60 people hoarding and 10 out
as a buyer will you jump and buy this coin once its out in the exchange?
its a bad distribution model.