Which is why I find it inevitable that any future cryptocurrency project will either have to start with Proof-of-Work during an initial minting phase then switc

Which is why I find it inevitable that any future cryptocurrency project will either have to start with Proof-of-Work during an initial minting phase then switch to Proof-of-Stake, OR use an existing blockchain to bootstrap itself, either as a fork or through airdropping. To these effects, any alternative consensus mechanism that is based on tying up a resource that's not the coin itself could be considered akin to Proof-of-Work (Such as Chia and its proof-of-capacity). Anything resembling an ICO is a non-starter if it were to survive, especially with a shifting regulatory landscape. I was among the opponents to Ethereum's initial distribution (premine) but to wit, ETH has no supply cap so Vitalik's slice has shrunk over the years.