It is way more distributed than wealth in the normal fiat system in which only a few owns 50% of all the wealth.
Unlike that system you are also free not to use it.
You also have the opportunity to get other coins or versions that are cheaper.
throwaway96581
joined 4 years ago
It’s negated all gains made by renewable energy
Last time there were research it was driven by 70% of renewable energy. More than most industries.
It actually increases investment into renewable energy by making it more profitable to produce renewable energy.
Proof of stake is simply giving new money for free to those who are already rich. Proof of work means that there was a verifiable cost behind each coin produced, so was not just handed out for free to the rich.