dont forgot one think: pog is creating coins like bank of zimbabwe
do you need more coins? here you are...
with no effort, almost 0 costs of electricity, wallet could be running on few watts device
there will be more and more coins with no value, staking is no answer as it is one time thing, not repeating with new coins
why btc is still dumping? because there are lots of coins mined when value was less (e.g mined with costs ~1000/btc) so it is no problem for somebody to sell it now for 3400
same will be here if you allow low value coins (replace podc with pog)
for fun it is ok to have small pog like now and trying gamble there
Although I agree with a certain element of this theory (that in pure POW each coin had a high electric cost), the new system is not quite the bank of Zimbabwe either.
In the new system, we still have individual single PC's running at least 1 POW thread of POBH, so that may drop electric consumption but its still there per distinct user-pc.
The other element is (and this is what I'm hoping for) is a change in our user base.
Before we had 200 rich people with 10 machines each. Now we are hoping for 2000 average people with 1 machine each.
The question is, will this materialize, and, are 2000 thriving positive community members better for us than 200 who like to count coins every day (Im just joking, but you get my point).
Also we have PIVX to consider and they have 0 POW and are valued based on the ingenuity of POS with Dash alone.