And how do you ABSOLUTELY know for certain that the Monero dev have under 1% of the coin? Do you have proof that the dev have no other address that they mined with at the beginning nor any other friends that mined at launch?
omg people will never get it, the point is if they had it was under fair market conditions, but the math isn't there for devs owning 1% of the coin
Exactly. There never was a perior where you could have created value out of nothing. In private placements (pre-IPO) we do it all the time. Company is owned by its directors who typically paid not much for their own shares. Then investors come and it's marked up +10000%. This is fine and pretty much the only way to do things in that world. But coins are not stocks, and doing it with a coin hurts the coin.
The devs have had the same chances to buy it as anyone else. The devs' average buyins are in the same
BTC0.004 range. The devs own a lot compared to their total stash, but none of them is even listed in the TOP-5 holders. This is rare. This is precious. This bodes well for the economy because it creates the possibility for those interested in economy to take the leadership, which is lacking in nerd-controlled coins.