The greatest irony here is that protection against socialist ideologues like the author of this article is one of the main motivations for using cryptocurrencies.

Maybe if they would fix their ideology, people wouldn't have to resort to decentralized solutions.

As for the actual content, I plainly don't trust the calculations of the anti-crypto crowd.

And while I also had lost faith in Proof of Stakes ever making it into Ethereum (unfortunately also selling all my Ethereum when I gave up on them), they have now activated the PoS chain and run it in parallel to PoW, with the goal to switch completely.

The stuff about "social justice" is also nonsense, at least with respect to mining in PoS: it is not that much Eth you need to participate, and if you don't want to invest as much, you can join a mining pool. Everybody can participate, if they want to. It is also not "unjust" if people who invest (or stake) more receive higher rewards. The opposite would be unjust.