Not as anything really other than an instrument for the rich to get richer and poor to get poorer. This is same as FIAT. You have not accomplished much anything really.
Proof of Work is doomed. Proof of Stake is the future.
Yes, let's just let all the rich people buy all the coins so they'll control the coin, but without the electricity costs.
Sounds like a wonderful and impactful change.
It's the same as now, but people don't have to invest in equipment for mining, instead they have to invest in a token. I also believe POS is the future.