This article is so bad on so many levels. For starters, has the author not heard of the US war on staking, the Howie test, the inability to unstake staked ether, the lack of security on the ethereum blockchain after switching to POS. Speaking of POS, that's what this article is.

Have fun getting rekt.

LOL. Miner revenue has been getting cut in half every four years since 2009. According to this article, it's something to be concerned about this time. It then goes on to misnomer things and promote a plutocratic directionally centralizing consensus mechanism. Ethereum has unfixed monetary policy and a variable price. That excludes it from ever being money, its consensus excludes it from decentralization, and on and on.

Capital: concentrated Energy: distributed

This [garbage] article's source is on CoinDesk (of course):

Why Bitcoin Miners Need to Take Ethereum Seriously https://www.coindesk.com/consensus-magazine/2023/02/14/why-bitcoin-miners-need-to-take-ethereum-seriously [Archive]

Short it down to ZERO!!!