Now that is funny! Peter may have singlehandedly killed off all past, current and future alts that do not use this method of initial coin distribution, including Ethereum. Fastest destruction of an alt in history. Ethereum dead before it even made it to the starting blocks. He is my new hero. This also has the potential of eliminating most of the incentive to make new alts for the pump and dump of it and reducing the entire alt space to serious coins only.
Exactly why IPOs are pure scams.... too many greedy pigs got slaughtered.
Imagine Linus had IPOs for his linux kernel.... it would have died in 1993.