> It may be true that dumping energy into bitcoin can fund the adoption of a proof-of-stake coin, but that is no longer a new technology, it is simply adoption.

> It may be true that dumping energy into bitcoin can fund the adoption of a proof-of-stake coin, but that is no longer a new technology, it is simply adoption. I'm not sure that's true. Proof-of-stake is established as a concept but there is still lots of room for technological improvements in the implementation and user experience. New proof-of-stake coins can compete more effectively because of the trust which Bitcoin established.