Proof of Stake will eventually overtake Proof Of Work and all that waste of energy. Tech is moving forward.I'm not against PoW I mine BTC myself but PoS is for everyone PoW is not.
The coin has to be distributed fairly first, then do the PoS. Ethereum did ICO, it is now in the PoW phase. It will become PoS within a year.
As far as I can tell a small premine with a well advertised ICO is just about the fairest way of initially distributing a coin that exists.
People just hating on ethereum because they weren't perceptive enough to invest in the ICO. Probably also buttblasted litecoin bagholders.