This kind of even distribution basically ends up helping people being whales who can overcome the limitation. By having no value I meant that it's not listed on any exchanges.
Unfair distribution is all about limited access. Anyone can download an app, anyone can ask a friend to download an app, the problem with unfair mining is you need a lot of expertise and money outlay to mine big and be a whale.
This gives access to anyone with a phone. This is about true fairness ie the mainstream, selfish miners on here shouldn't apply.
The only way I can see to game the system is have loads of phones going around in a tumble dryer or loads in a backpack. I know some have already done this but it still takes some human effort. I've bought some of guys doing this, fair play to them. I prefer this to some nerdy twat with a massive Mining computer in his parents basement
Right, so let me point out all the issues I found with mangocoinz:
- it's an android app, an .apk file which can be easily decompiled and manipulated.
- by default, it tracks the movement of the accelerometer and once it reaches a certain value, it add coins. And while I don't know much about android apps, I'm fairly certain you could shape or even completely eliminate the need for shaking to reach the maximum amount of coins you can get.
- the app identifies devices by their IMEI number so 1 device can only have 1 account, however it is pretty easy to emulate a huge amount of android instances with individual custom IMEI numbers on PC as there are several android emulators out there (I just mined 1 coin in an emulator with the unmodified version as a test). Or you could just might build a version without the IMEI verification so you could in theory run the app on the same device as many times as possible.
- it is very likely centralized and there's no proof of the amount of coins generated so far other than a counter on the official website.
- lack of transparency, no information regarding the coin details, future plans, no block explorers or richlists, total users, etc that I could find.
- mining has no cost associated which means it's value will be based on scarcity but some people probably went through the hoops to amass a lot of coins and they will dump them once it will get on an exchange.
So I think in essence this has too many red flags to be taken seriously.
^^All of this!
If i can download a modded Simpsons: Tapped Out APK with 9999999 donuts, all old items, hacked to shit, ect... and play it on EA servers then imagine what a motivated programmer could do with this platform, it would be complete anarchy. For almost all apps with IAP content there is a hacked version that removes all protections. It's too easy to manipulate the Android platform. And i'm a loyal Android user, I'm not saying that's a bad thing!
