It makes me sad too but it has enough other things going for it to allow me to get over the fact that it is senselessly destroying resources. If some competent developer were to come along and fork over to pos, I would move a portion of my holdings over to that fork. So long as block authors were selected randomly and not with something like peercoins coinage concept.
Some of the following questions may apply:
- Have you found the way to secure the network without expending resources?
- Have you found the way to secure the network with only a part of the value of new emission?
- Have you found the way to code this to the p2p software?
- Have you found the way to create value out of nothing and distribute it fairly?
- Who gets the newly created value?
PoW has its issues, but from the theoretical standpoint PoS issues are even greater if we are to build a system for the future where all can participate and have the incentive to do so. CKG has tried to alleviate these issues, yet is not a crypto, because securing a crypto takes energy.
PoS is also not a decentralized crypto, it is a centralized fiat.