Very much so.
If this coin’s math and mechanics actually work in transferring wealth from rich to poor … it’ll be swamped in poor people wanting their cut, and rich people will want nothing to do with a shitcoin that’s explicitly going to take their money and give it to other people.
There’s the necessary info, thank you! - I’ve heard horror stories about hosting exit nodes, and was immediately spooked this would result in the same issues.