Proof of stake is what we have had in legacy financial institutions for hundreds of years and what has brought us to where we are now, and this place is not good.

Proof of work is required to build actual, long lasting structures such as the pyramids, bridges, and houses. The very existence of these structures is the proof that work was done and this is no different when it comes to a money who’s value you don’t have to trust a third party to describe or dictate.