This is completely wrong in premise and conclusions. We should be avoiding Proof Of Stake cryptocurrencies because they are building an oligarchical nightmare. Of course the author does not understand this, because they are obsessed with magnitudes of energy, and consider this bad. Energy usage is a good thing actually, and secures the network. You cannot throw out the energy without throwing out censorship resistance, security, decentralization, etc.<p>PoW is the most fair, egalitarian distribution strategy that has been invented. It requires ongoing capital maintenance to prevent rentseeking from existing wealthy holders. Just say no to PoS.