Really vexing issue. The developers need to be paid, upfront. Who fronts the money for that?
Seems to be several ways.
- pre-mine. Mine a coin for a period before opening up to others.
- stealth-mine. Open up to all, but leave a residual advantage to the people who built it, who can get ahead and build up the warchest.
- Founder's reserve. Do the token issue but carve out a mandated / coded part of the emission to a Founder's
- Founding company with VC money. Raise money on a proposal, pay for it, then use the corporation's inside advantage to build or mine or something.
They all have disadvantages.