Maybe issuance shouldn't have been so front loaded but Satoshi did make an effort to allow others to mine early coins instead of him and seems to have set aside the coins he mined as off limits. "seems to" being the operative term. Time will tell.
From what I understand, the first mined block was not done by Satoshi. He waited until someone else had mined it until he then started mining himself. Allowing an outsider mine the first block set the hashing difficulty rate independently.
This, as it turns out, was a key aspect for the Howey test as it clearly demonstrates that there was no specific "insider" allotment
(Note: I haven't watched the video, perhaps it goes thru this....)
reply
In these sorts of situations, I really don't think fairness is that relevant. It is something people bring up, though.
reply