There is an increasing trend to move to PoS. I'm guessing you don't see the importance of that. Maybe you're right, but only to a certain point. I don't see how it matters at all, considering more than half of the industry is on the verge of a shift away from mining or already is. In fact, all of the new chains being developed are over PoS. This is an antiquated argument currently. In fact, more miners are switching off due to regulations (look at China), due to alternatives (look at hydro powered farms in Africa, Asian countries, etc. and the solar trend picking up).
You think this is a good enough excuse, but it isn't. This is a tangential and briefly temporary problem at best and it isn't good enough FUD for it to amount to anything. Like I said, the whole industry is currently pivoting and this argument is even already antiquated.
I think you'll need to explain it to me. I even double checked after your comment. Your comment addresses nothing I've stated (or I woefully misunderstand the PoS implications).
Yes, optimizations which prevent work duplication are obvious improvements but it addresses zero of my position. As such, absolutely nothing of my position is antiquated. My comment is based on the foundation of the generation of the blocks, regardless if it can be optimal dedupliclation or not.
Please feel free to correct or explain what I'm missing.
You suggested PoS has anything to do with petro. It doesn't. Pow has some facets that rely on petro, like the industry sector, which we obviously know is indeed propped up by petro. The more innovative iterations of chains these days, however, do not suffer these complications. Further, Pow is increasingly moving away from hinging upon legacy energy generation methods. Solar, wind, geothermal and hydro are not reliant upon petrol and this is extremely apparent in African, Asian and SA villages. The only time this implication has bearing is in China (who's energy sector is crumbling; they just shut off most or all of their mining within the last month) and the USA. In USA, as the hash rate has changed and the price has decreased, more miners switched off. This was clearly observed within the last few dips and basic analysis shows this. So, the main point is petro has little bearing these days and there's a great deal of evidence pointing toward a trend that makes this argument entirely obsolete; maybe not fully as of right now, but I don't see this argument having teeth in the short term even.
Ya, that's what I thought. It's a petro currency.
All energy production is relative to petro. Even solar and wind subsist on petro infrastructure. In turn driving up energy costs. Which remains part of the equation for the good.
There are no free rides. It's simply dishonest to claim a new protocol changes how humanity produces and consumes energy. The infrastructure and requisites remain untouched.
I encourage you to learn why green sources are not (except nuclear). And why they increase energy costs and or lower grid stability and reliability.
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