Another misleading article regarding PoW. There are two kinds of people here. The ones that think that crypto is pure speculation and a drug/criminal related te

Another misleading article regarding PoW. There are two kinds of people here. The ones that think that crypto is pure speculation and a drug/criminal related technology hence is waste in any sense, and those who believe that crypto is solving something. It's pointless to discuss the value of decentralization here for the first group, so I have no argument here. For the second group, the ones that believe that crypto is solving something, I will remark that the only reason we are using blockchain is for its decentralized nature. For several reasons, PoW nature is way more decentralized than PoS. A big argument for PoW is that literally anyone can join the network by transforming energy into cash. On the other side, with PoS, the only way you can join the network is by buying a PoS token. You can't mine it if you don't hold the token before. That can be a problem for people based in countries that restricts crypto. At the same time, the players who hold the majority of the tokens have most of the mining power in PoS. If we are willing to sacrifice decentralization, then we shouldn't be using blockchain as a data structure. The fact that the governments have printed more money than ever added to the current inflationary rates over the last years makes me believe that its worth spending 2-3% of the world energy on a deflationary asset that is not in control of any person or government. Having a trustable currency is one of the most important aspects of modern society.