I want miners opinion about PoW altcoins and non PoW altcoins, do you think that Proof of work projects are more reliable than other projects that people raised money for? Which is more likely to fail than the other? It seems IEO and ICO projects die faster than mineable coins, the only PoW coins that failed are bad from the beginning (shitcoins) what do you say.
Proof of Work is obviously superior. Not just from a security standpoint, but also from a distribution standpoint. It's also easier to see if there's real life support behind the coin, or just some rich people who spent some money and now want to get free coins forever from new entrants.
That being said, there are times when Bitcoin level security isn't necessary and a smaller carbon footprint would be appreciated. Also, once coins have had their initial distribution, PoW does lose one of it's talking points (fair distribution). So I can see why there is a market for PoS chains, but they're obviously not as good as PoW, which is why they have other advantages like a smaller carbon footprint.