I feel like it doesn’t make sense for there to be more than one “proof of work coin”

That is literally wasteful and dumb, and pointless. That’s a main reason why Ethereieuem™️ switched to PoS (just my theory)

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Sure but POS have literally no value. Pow coin have some people actually spending energy to make them still. Of course we agree they are retarded for doing so. Bitcoin is in another league. No way anything catches up with it's network effect at this point. But people will continue to be retarded.