As an investing non miner I really don't care the how when who of mining and neither will average joe when he gets into cryptos.
Really irrelevant now considering how many are 50%-100% premine.
Doesn't matter how they start, what matters is who holds them over time.
2 of your statements seem incongruent.
not at all, exchanges overtime is the real distribution method, no matter the how when why or who of mining.
I mean you cant not care about the how and the when of mining and then say what matters is who holds them over time. Because in the case of the worst offenders, someone is holding a huge lump of coin and can destroy the market at any time they chose or when your innocent traders get the price to a certain point, dump dump dump.
That's all I meant, I know what you mean about traders wont care (or more accurately will probably never know and wouldn't necessarily see it as relevant to their day trading only looking for price trends) the thing is those trends are potentially exposed to faking by the first part of the equation (prem/inst whales) so unequivocally linked.