Erm, huh? What does age have to do with PoW being crap? I'm a millennial, but that doesn't make Bitcoin not use ~1% of the world's power
How much power and pollution do cars make? yet here you are and I bet you drive or ride along in cars. For the rest see below. PoW will soon be gone for everything except bitcoin.
Explain it all away with ageism.
He seems to be one of those "crypto mining is killing the planet" type people. I don't totally disagree with him... the Ethereum team needs to get off their butt and migrate to Proof Of Stake already.
All new blockchains with any kind of traction are already using a form of PoS. Ethereum will fully switch to PoS in June this year (aka "the merge"). This is all public available knowledge. The only offender that really matters will be bitcoin and bitcoin has really no use case vs all the newer blockchains. The only use-case is storage of value. However it's unclear what happens when all bitcoins are mined (or very close to it) and it is simply not worth the effort anymore to mine. Bitcoin will simply disappear in the long run. One can store value by staking (investing) it which is almost always more profitable.
So if you want to complain about cryptos power use, be specific and complain about bitcoin. But of course explaining anything with just a minor nuance takes up 100 tweets and doesn't get any attention or traction. but from a technical person, that is what I would expect and say they should exlude bitcoin and for now ethereum due to energy consumption and not just blindly complain looking like he has 0 clue. that is what I expect from celebrities or politicians and not technical competent people.
Plus I have never seen mozilla being a green hippie foundation. It's about privacy.
Yeah, honestly I think that the Ethereum team is trying to stretch this transition out as long as possible because there is still good money to be made from mining crypto and selling it if you already have a ton of hardware.
If I was a tinfoil hat wearing conspiracy theorist, I would think that they don't really want to do switch to PoS at all and they're just promising it to keep the government from getting involved.
You are wearing tinfoil and a huge one at that. The plan is
public available. Just have to go looking for it. This stuff is obviously hard and involves software development which also means a potential for very, very bad bugs. It is simply not something that can and should be rushed. If it fails Ethereum is pretty much dead and will impact crypto in general as well. There hardly is a second chance.
Test networks for after the merge are already running. You can join them and see for yourself if it works. You can probably also try to break it or attack it if you wish to do so.