I thought this when I first learned about the idea, but the name doesn't give away the true nature of, at least, most implementations... It's like 'mining requires less energy', and not that the tokens aren't mined at all.
Of course, theoretically you could've an initial distribution defined and shared without effort, but what really happens is a points system that makes it easier for people to... uh... mine, but it's obviously still the same awful idea.
Of course, theoretically you could've an initial distribution defined and shared without effort, but what really happens is a points system that makes it easier for people to... uh... mine, but it's obviously still the same awful idea.