There is no fairer way to distribute coins than with a premine.
I just woke out of a coma and found out about Bitcoin. Why have 11 million coins already been mined? Premine!!!! Some of you need to understand what a *PRE*mine actually stands for. It means you mine before the coin is released. I mined 10K coins *30* minutes after it was released and I was late to the party that had already started with others on the forum here.
You can criticize the amount of days there was that early block bonus but that isn't a *PRE*mine. And the same people can criticize Bitcoin for only having 3 years of 50coin blocks and call that a *PRE*mine too.
The early block bonus seems to have worked as there is a solid pool running, a faucet coming and an exchange about to adopt it. So pretty smart decision on the part of the creator in my opinion. BTW if anyone has any Mincoins I'm willing to buy some for the right price!

You never know which one of these altcoins are going to be successful and which ones are not and I don't mind taking a small risk.