How do you know how much the developer owns of Faircoin? He could create a thousand accounts and have assigned him 50% of all Faircoin.
If however he had used proof of work mining to distribute the coins (Blackcoin or almost any other coin) he wouldn't have been able to do this.
just for your information:
http://agran.net/bc_getbalance.php?top=100http://fac.blockx.info/richlist/Dont talk about fair distribution lol ur not helping ur case.
Are you naive? You do realise that a single wallet owned by a single person can contain hundreds of addresses?
If anything that makes it MORE likely that the dev has a shit ton of the coins. Steps:
1. Create a shit ton of accounts
2. Send premined money to each of these accounts
3. Really these accounts all belong to one person but look like they belong to other people
Blackcoin distribution compares extremely well to any other proof of work mined coin which can be mathetically verified independently. It's nonsense comparing that to a method where some dude randomly gives away coins however he wants. You are comparing a method which is decentralised, verifiable, AND CANNOT BE GAMED, vs a method that requires complete trust, is centralised, cannot be verified, can be gamed and in all probability has been gamed.
This is how a real faircoin should be done:
1. ZERO premine
2. Proof of work mining period to distribute the coins fairly
3. No shadiness
That coin already exists and it's called Blackcoin. The true faircoin.