People have successfully implemented proof of stake cryptos. Solana, cardano, avax,algorand just to name a few are all faster and cheaper than BTC or ETH (some

People have successfully implemented proof of stake cryptos. Solana, cardano, avax,algorand just to name a few are all faster and cheaper than BTC or ETH (some vastly so), and don’t have the horrifying resource usage that comes with proof of work. As far as I can tell, the fact that bitcoin/eth weren’t phased out for better alternatives tells me that: * a significant usage of crypto is pure speculation/investment * peoples identity gets tied to particular coins * people care more about existing network than usability (eth vs solana, for example) I have respect for the people in this space who are trying to do meaningfully new or interesting things, although its overshadowed by the wealth of blatant Ponzi schemes, memecoins, or copycats/scams just trying to make a quick buck.