Earlier quoted context omitted.
Correct but efficacy of this process is pretty much irrelevant for the founders because the whole "fair distribution" is just a marketing gimmick to promote yet another shitcoin. Only losers will provide their real retinas. Smart players will obviously game the system and then dump the shitcoin on yet another group of losers.
Wait until you see the retina mining camps they set up in China.
Unlimited money!