I'm admittedly rather disappointed with Chia after reading up on it, as I thought it was closer to Sia [0] or Storj [1] where you got rewarded in coin to provid

I'm admittedly rather disappointed with Chia after reading up on it, as I thought it was closer to Sia [0] or Storj [1] where you got rewarded in coin to provide storage space, but instead it's more akin to Burstcoin [2] and indeed, proof-of-capacity cryptocurrencies are nothing new and the only supposedly added value would be on Chialisp for (safer?) smart contracts. It IS factually correct to say proof-of-capacity is far less resource intensive than proof-of-work crypto as even the least efficient hard drive will consume orders of magnitude less energy than a mining rig, but it's still based on tying up a resource, this time it's just a majority of hardware and a minority of electricity instead of the other way around. One issue that most people advocating for proof-of-stake gleefully ignore is to work through the initial distribution of the coin- can't stake what you don't have. So you either have a sizable premine, you bootstrap your coin using someone else's ledger or you start out with proof-of-work (or like Chia, proof-of-capacity) and then move on to proof-of-stake once there's a stable ecosystem for it. It does seem like Chia comes with a sizable premine, which is also disappointing but not entirely surprising as practically every new cryptocurrency that has come out as of late has had it to "financially bootstrap" its development and what not. I'd also have some choice words about Bram Cohen, but they'd be rather out of scope here. [0] https://sia.tech/ https://sia.tech/ [1] https://www.storj.io/ https://www.storj.io/ [2] https://www.burst-coin.org/ https://www.burst-coin.org/