Does this not show a complete failure of PoS against PoW?What about the next ETH,who will it be,ETC,ERGO,RVN or ETHW as I don't see any other alternative except this ones.Nevertheless mining is much better than staking as we are seeing with Ethereum and the bullshit of saving energy is just that bullshit,PoW is and will always be the winner between these two protocols.
In a way I agree with you, that PoW will always be the most secure and decentralized form for a digital currency.
The problem at the moment of mining is the cost of energy in many countries of the world, especially in Europe. This makes it difficult for some people to continue to mine coins that are currently of very little value. This can lead many to prefer to bet on PoS.
Even so, I am of the opinion that it would be better to take part of the money that would be to pay for energy, and use it to buy BTC.
That is the way most people should adopt,those who cannot afford energy and are not willing like me to mine at a loss,they would be better to buy their favorite crypto in which they believe will skyrocket and use money that they would otherwise use on energy for mining to buy their beloved crypto.Personally I am mining at a loss,many consider it a gamble and that is what it is normally,I mine ETHW and hope the price of it to skyrocket.
Those who bet on PoS are already on the losing side as they are having difficulty to get any reward by their staked coins so let's wait and see what happens there.