Ah, excellent explanation thanks. So I would think that proof-of-capacity is ASIC proof then?
Yup, Proof of Capacity is ASIC proof and energy efficient too.. without the security complications of Proof of Stake. It's a very nice algorithm.

And I agree regarding the dev, I've had a few conversations with the dev trying to poke holes in the coin and suggest improvements.. he's thought through things quite well and I'm very impressed by him.
Also, why are we calling Smart Contracts Automated Transactions? Seems to me like everyone knows them as Smart Contracts and that might be better from a marketing point of view... what does other people think about this? At the moment, I'm calling them Smart Contracts and mentioning they are also known as Automated Transactions in the version of the press release I'm writing.