- Jimmy Song said that Proof of Stake is the last word horse and pony present.
- Charles Hoskinson, the founding father of Cardano (ADA), was not a fan of Song’s opinion.
- This Tweet was profitable in drawing reactions from different massive names within the business like Ethereum founder Vitalik Buterin.
Jimmy Song, a long-time Bitcoin developer took to Twitter on June 13 and said that Proof of Stake (PoS) is the last word horse and pony present. “You have to vote the way the centralized controllers want or else you lose your money. It’s got all the honesty of a 100% vote in a dictatorship,” says the developer.
Charles Hoskinson, the founding father of Cardano (ADA), who was not a fan of Song’s opinion criticized the take and even went to the extent of claiming “stupid is back.”
The Tweet additionally attracted a lot of traction from the crypto neighborhood normally. Proof of Stake followers thus additionally took to Twitter to offer Song a piece of their thoughts.
It is value noting that these sorts of feedback and posts should not a first-time prevalence for Song. The Bitcoin developer has made it his mission to bash Proof-of-Stake networks.
Only final week, Song took to Twitter to explain PoS as absolutely the worst consensus community. This Tweet was profitable in drawing reactions from different massive names within the business like Ethereum founder Vitalik Buterin.
One of the components on which Song bases his opinion is the truth that PoS networks haven’t but been capable of clear up the Byzantine Generals Problem, which has hindered these tasks from proving decentralized consensus.
Buterin responded to this by stating, “Pro-tip: if there’s a long-established tradition of people debating A vs B based on deep arguments touching on math, economics, and moral philosophy, and you come along saying ‘B is dumb because of a one-line technicality involving definitions’, you’re probably wrong.”
Disclaimer: The views and opinions expressed on this article are solely the creator’s and don’t essentially replicate the views of CoinQuora. No data on this article ought to be interpreted as funding recommendation. CoinQuora encourages all customers to do their very own analysis earlier than investing in cryptocurrencies.
