[everfree]

> In practice this won't happen, because PoS coins don't deliver the same features (security, decentralization, permissionless) or the market doesn't believe they do.

It's been what, 2 or 3 years since decent PoS designs were introduced to the market? The crypto market is still trying to tell the difference between their right foot and a private key. Give it a few more years and eventually the market will settle convincingly on a design it values the most, be it PoW, PoS, or something else.

In the mean time, it's silly imo to say that the market has decided. The crypto space is still a volatile bloodbath of old chains dying and new competitors rising.