I might not be the best PoS enthusiast but i'm definitely not a fan of Pow, today a new bill was introduced into the EU parliament named (MiCA) legislation, the bill lost votes but it had 28 votes, this bill says that All tokens to stay Legal must move away from the high energy consumption it currently has, I suggest all the PoW people to stop dragging BTC to the mud because of their pride and ruin the whole cryptocurrency movement. this is a dark point in the history for crypto people. Energy isn't free and Bitcoin uses lots of it. and we are playing Russian roulette because bills like MiCA will keep coming and oneday one will pass and it would be too late.
Your Post is reasonable, but you won't get a logical reply from illogical people that support PoW flawed design.
Just do your crypto trading in preparation for what you see as the conclusion of the folly know as PoW mining.
At some point in the future, a worldwide PoW ban will be in effect, because if they don't, the miners greed will destroy their power grids.
Destruction of a power grid is not fud, it is a massive death toll for the citizens of any country dumb enough to not ban it.
Only BTC & LTC are refusing to evolve , so take that into consideration during your trading.
Ethereum and the rest of the coins will be unaffected by POW Bans, because they are willing to Evolve to a better system.
Even Doge is moving to PoS.
https://www.binance.com/en/news/top/6912062It is officially confirmed that Dogecoin, the meme-based cryptocoin, will now migrate from POW to the POS model.
It is because the POS offers an unmatched advantage over the POW model
It was confirmed by Vitalik Buterin, who said he is helping the Dogecoin Foundation migrate the doge consensus method to PoS.
Buterin also pointed out that most major crypto assets are slowly migrating to the POS model.
Ethereum co-founder Vitalik Buterin is the main driving force behind ETH 2.0 update.
The major update aims to migrate the second-largest crypto asset in the world from the current proof-of-work (PoW) model to proof of participation (PoS).
Other significant crypto assets are also contemplating making the switch.
Last year the Dogecoin Foundation, the organization responsible for developing DOGE, had already reported that it was counting on Buterin’s help to make the migration. Buterin, in an interview with UpOnly, confirmed the news that he was involved in this project, saying that virtually all cryptocurrencies will follow the same steps.
Buterin added that all major cryptocurrencies are switching to Proof-of-Stake and Dogecoin’s plans are more advanced, and Zcash’s plans are more advanced.
I think in the future we will look back at this moment either in sorrow or as a moment of change and admitting that pow is like coal and we either change with the times or be left behind, bitcoin holders have a moral responsibility to aware of the impact mining does to grids.