Issue #455: Checking in on hell
I'm not very well educated on the nuances and mechanics of an IEO, but it seems like exchanges are making it easy for projects to facilitate an ICO-like offering. Essentially taking on all the grunt work for these projects and making it easier to scam retail.
Issue #311: Bitcoin wasn't pre-mined
So Satoshi definitely wasn't mining alone in the early days. Though, the number of people participating in Bitcoin during the early days was definitely slim. These early pioneers mined and lost a crazy amount of bitcoins before Bitcoin entered the planet's vernacular in earnest.