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by um_ya 1927 days ago
This is only a short term issue. ETH is currently transitioning to proof of stake with ETH 2.0
1 comments

OK read the article again because it addresses two different and significant reasons why that doesn't solve the problem.
Their arguments seem to be

1) Eth2 has been "coming soon" for a long time, so it will never happen. (Yes progress has been slow, but it's happening, with phase 0 live now.)

2a) In PoS, the rich get richer. (Not true in a meaningful sense. Staking rewards are neutral with respect to economic inequality, since everyone has access to the same rate of return.)

2b) PoS is a social issue. Climate change is also a social issue. Therefore, a PoS is a climate issue. (This is a converse error.)