Bram Cohen was quoted explaining his Chia project to investors in November 2017:"
The idea is to make a better bitcoin, to fix the centralization problems".
https://techcrunch.com/2017/11/08/chia-network-cryptocurrency/But in reality he did
95% PrefarmSourceFrom that statement, he owns of 95% of coins and for community left only 5%.
It seems, it is just another corporate cryptocurrency under the hood of folk coin and words are at odds with deeds.
Am I painting the devil blacker than he is ?!
No need to paint a darker devil and just get rid of that worry in your heart, because whatever new cryptocurrencies will be built for the future by very smart people, they will also not be able to compete with old coins like Bitcoin and Ethereum, because both old and new investors are still very interested in Bitcoin and Ethereum even though they sometimes try to glance at the others.