> The only problem is, PoW is considered harmful even by the larger crypto community, to the point where alternatives were not only considered, but also implemented (e.g. PoS).
I have nothing against proof of stake, I think it's fine but inherently less decentralized than proof of work. The whole idea was that anyone with a computer could participate and be rewarded for contributing to the decentralization of the network. In order to actually participate in ETH proof of stake validation, you need to own 32 ETH. That excludes vast amounts of people including myself.
It's a tradeoff and I'm not entirely sure it's worth it. Compared to the current status quo of huge centralized BTC mining operations it certainly looks attractive. There are better proof of work implementations though like Monero which better guarantee 1 CPU = 1 vote. I'm not ready to write it off yet.
I have nothing against proof of stake, I think it's fine but inherently less decentralized than proof of work. The whole idea was that anyone with a computer could participate and be rewarded for contributing to the decentralization of the network. In order to actually participate in ETH proof of stake validation, you need to own 32 ETH. That excludes vast amounts of people including myself.
It's a tradeoff and I'm not entirely sure it's worth it. Compared to the current status quo of huge centralized BTC mining operations it certainly looks attractive. There are better proof of work implementations though like Monero which better guarantee 1 CPU = 1 vote. I'm not ready to write it off yet.
> I think it's a perfectly reasonable compromise.
I don't accept that compromise.