I might be jumping the shark here, but I think the Ethereum "elite community" are probably going to get into a situation of "be careful what you wish for".
There is a reason why most of mining is happening in China, Iran, Libya and other "poor" countries. These countries have big players in mining but not in trading/legislation (except for China).
By creating a PoW crypto, you are able to do something really cool: You can move value (energy) out of a country, without having a connection with any institution either inside or outside. This happens in a permission-less, indirect manner.
There is a reason why most of mining is happening in China, Iran, Libya and other "poor" countries. These countries have big players in mining but not in trading/legislation (except for China).
By creating a PoW crypto, you are able to do something really cool: You can move value (energy) out of a country, without having a connection with any institution either inside or outside. This happens in a permission-less, indirect manner.