You have these early adopters (specifically the programer and his pals) becoming the mega rich for very little work.
this is a niche market. you don't think the market would react long before this scenario arose?
but you're missing my point
1.there are a finite number of bitcoins (yes they are divisible, but that's irrelevant)
2. the "early adopters" have some amount of them
the market value is only based on the available
BTC being bought/sold. if the early adopters are hoarding the BTC, then the value of the BTC they're hoarding is artificially diminished. you might as well just ignore that these exist and think of the BTC in circulation as the amount that determines the value. if this occurs, the early adopters cannot attain the value you are asigning their BTC down the road