Proof-of-Stake is not an ideal solution because it reinforces the systems and organizations that already have influence and power, whether monetary or political, and pooling requires entrusting those parties with the crypto assets

I would love it if someone could break down how this is any different the PoW's mining pool. Also we need to clarafy which PoS system you are talking about. System that inhert from DPoS where you only have 1000 or so validators which users are required to delegate to, are not in my mind decentrilized and I think that statement make sense for those. Eth 2.0 on there other hand has no upper limit of fixed set size of validators. And there is no way to delegate to validators (by the base protocol, there are third party solution of this though).

So a couple things. The current power consumption is bad sure. You know our current financial system spends more energy right? The transit of money, the banks, wire transfers large server farms processing thousands of transactions per second etc. https://www.nasdaq.com/articles/research%3A-bitcoin-consumes-less-than-half-the-energy-of-the-banking-or-gold-industries

This is precisely what I mean when I say half baked. Now I think that you are genuinely trying to inform yourself. And I think you aren't consumed by anger like the folks I am criticizing. Power consumption is a valid concern, however there are people who waste lots of mental energy ruminating and being upset, and saying any negative thing they can say with 0 understanding.

While I think chia is great it's not the first proof of space/capacity coin. And some have brought up the energy to mine conflict minerals, manufacturing and the 3 year avg failure rate leading to over use of hard drives. And not to mention the energy required to plot the damn thing is as intensive as proof of work. So it needs to be quantified and it does show promise.

Proof of Stake can be problematic, however I think there are good implementations of it with no downside except for "long range attacks" which proof of space is also vulnerable to as well. Cardano is a great example because all funds can be spent while staking its useful to think of it as interest in a banking account. Delegation reduces power consumption and efficiency. Yes interest is not ideal, however that's not an issue with crypto it's about an issue with capitalism.

So it's all a trade off. However I have a solution that will make PoW seem not so bad. Have you ever heard of Merged Mining? It's when you mine many coins at once with the same hashes. It requires the developers to work together, but for example when you mine LTC you also get free DOGE. So imagine all the PoW coins adopting RandomX. No more ASIC e-waste, more egalitarian distribution, and less energy usage. All chains can be running on less power. Just a couple thoughts. What you think sorry for the wall of text lmao.

This is what we see during a bull-run, not what happens the 3 years no one pays attention to. And I get speculation being criticized, it just seems like they think they aren't participating in capitalism by not buying ebucks or something.