At least they acknowledge the problem and are trying to solve it.
EDIT: Holy smokes, it is absolutely exhausting to say anything even neutral about a cryptocurrency on Hacker News. I'm gonna take a break. I wanna get back to talking about all the other interesting things out there.
They are trying to solve one of the problems, yes but there are broader issues with crypto beyond the large scale environmental issues. And even when Ethereum does switch to proof of stake, it seems likely that many of the people who run large scale mining farms will just move to a different chain that they can still dedicate their GPUs to.
> it seems likely that many of the people who run large scale mining farms will just move to a different chain that they can still dedicate their GPUs to
Not likely. Other chains do not have the economic incentives to support these ex-Ethereum miners. Mostly it will just cease.
"We created a problem...as a solution for an issue that didn't exist...and should now get brownie points for trying to solve it unsuccessfully for years"
Basically yes. If people on hn got their heads out of the sand they'd learn being in the space was pretty profitable because of all the incentives offered to users.
Also there are broader issues with crypto beyond its environmental impact and some issues with proof of stake specifically.