It connects to the security narrative. 1 to 2 dimensional thinkers can't see why POW is so damn efficient and such a GOOD use of energy, that will actually transform the entire power industry in 50 years. But there is ZERO chance for a distributed system, much less a decentralized one without it.
Care to explain your reasoning why a system like POS can't work? (genuinely interested)
Basically it is no different then a corporate bond or even a bank. Except in one way
It is centralized. Controlled by a handful of people.
Worse not much regulation to protect investors.
Here is how it is different than a corporate bond or a bank "No real collateral"
A bank has deposits and loans to back itself.
A business has inventory and income to back its bonds.
Ripple has no real backing of the coin.
Did they put 100 million USD in escrow with Lloyd's of London nope.
Most pos coins don't have any 'real' backing.
Most pow coins have real backing in the form of gear and power infrastructure.
I see ripple's failure as a plus for crypto coins. Certainly a plus for BTC.