> In my opinion, all of this would be fun and games if it weren’t for the massive negative externalities all of this cause in terms of environmental damage and

> In my opinion, all of this would be fun and games if it weren’t for the massive negative externalities all of this cause in terms of environmental damage and accelerating the climate catastrophe. The climate externalities are significant, but they're not the only problem. If the whole cryptocurrencies space shifted to Proof of Stake tomorrow, cryptocurrencies would still have a tremendously bad effect by increasing wealth inequality (because just as with Proof of Work, it's baked in to the code).