Although some think that Ethereum’s upcoming shift to proof-of-stake (PoS) may push the woking platform to eventually exceed Bitcoin (BTC), other medication is using this chance to create snarky remarks on Twitter, triggering a rebuttal from Vitalik Buterin, a co-founding father of Ethereum.
Inside a tweet, Bitcoiner Nick Payton known as out “Proof of Stakers” and contended that voting to alter the qualities on PoS platforms proves that PoS assets are securities.
Dear Evidence of Stakers,
Because you can election on something to alter its qualities is proof that it is security.
Love, Bitcoin
— Nick (@NickDPayton) This summer 11, 2022
Buterin responded towards the publish, describing Payton’s notions being an “unmitigated bare-faced lie.” Based on Buterin, PoS doesn’t include voting on protocol parameters, just like proof-of-work (Bang) doesn’t. Buterin also described that nodes reject invalid blocks both in PoS and Bang.
A week ago, author Jimmy Song also came after PoS, questioning the decentralization from the consensus mechanism. Based on Song, the mechanism does not solve the Byzantine generals problem. Buterin known as out Song’s notions inside a tweet:
Pro-tip: should there be a lengthy-established tradition of individuals debating A versus B according to deep arguments referring to math, financial aspects and moral philosophy, and also you arrive saying “B is dumb due to a one-line technicality involving definitions”, you are most likely wrong. https://t.co/22N0OaHyz1
— vitalik.eth (@VitalikButerin) This summer 3, 2022
Fellow Ethereum founder and PoS proponent Charles Hoskinson also gave his take, stating that the “level of stupid” in Song’s tweet is “beyond explanation.”
Related: BTC bull Michael Saylor: Ethereum is ‘obviously’ a burglar
Meanwhile, Vivek Raman, a decentralized finance investigator, offered positive ideas around the approaching Merge. Inside a Twitter thread, Raman stated the switch to PoS gives Ethereum the economic structure to challenge Bitcoin’s supremacy within the crypto space.
Earlier in This summer, Ethereum completed a substantial trial for that Merge around the Sepolia testnet, pushing the woking platform closer to the shift towards the PoS consensus mechanism. Developers pointed out that although there are several hiccups, they’re not going to delay the Merge.
