Ethereum co-founder Vitalik Buterin has come out with harsh criticism of supporters of the Proof-of-Work (PoW) consensus algorithm spreading rumors about the Proof-of-Stake (PoS) algorithm.
As Buterin stated on Twitter, the idea that PoS involves voting on protocol parameters is “blatant nonsense.” The reason for Buterin’s sharp remark was tweet blogger @NickDPayton.
The blogger argued that ether is an unregistered security since its users can participate in the voting process to change its properties. This message caused a wide resonance and discussion in the cryptocurrency community.
“A little grammatical nuance: in English, when we talk about things like proof of stake, we don’t say ‘it’s a security’, we say ‘it’s safe’. I know that some of these nuances are difficult to understand, so I forgive the error. Nodes reject invalid blocks in PoS and PoW. It’s not difficult,” wrote Buterin.
In June, the co-founder of Ethereum spoke out against the Stock-to-Flow model for calculating the movement of the BTC price, arguing that it is wrong and only gives people false hopes.
Source: Bits
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