Ethereum’s Vitalik Buterin Applauds Bitcoin Maxis mocking Proof of Stake

Vitalik Buterin takes to Twitter to defend Ethereum’s movement with proof of share.

this Ethereum The co-founder announced on Thursday that any cryptocurrency is a proof of share blockchainIt is a security that uses pledged or “stake” assets and validators to verify transactions.

“The fact that you can vote to change the properties of something is proof that it’s a security,” Payton said. The insult has reached a sensitive point for a crypto industry that it has. fought for years With the Securities and Exchange Commission – and someone who is particularly sensitive to Ethereum investors because of the issue of whether or not ETH should be considered a security. remains an open question.

Earlier on Friday morning, Buterin called Payton’s claim a “naked lie”.

“How do some [proof-of-work] fans just [proof-of-stake] involves voting on protocol parameters (this is just as [proof-of-work] no) and this is usually not questioned,” he said, adding, “Nodes reject invalid blocks, [proof-of-stake] and [proof-of-work]. Not hard.”

proof of workinvolving the participation of “miners” who spend large amounts of computing power to solve complex, mathematical problems. bitcoin and Ethereum verify transactions and secure their networks. However, Ethereum is now in the process of transitioning to proof-of-stake with a long-awaited update known as “Merge”.

In his proof-of-stake defense, Buterin took the retort a step further with a tongue-in-cheek “grammar” correction for the editor.

“In English, when we talk about things like proof-of-stake, we don’t say, ‘It’s a security,’ we say ‘secure,'” Buterin says.

Ryan Sean Adams, founder of Bankless, for the retort ” the most spicy The Vitalik tweet I’ve read so far states, “This is far from the first time Buterin has entered into an argument with anti-Ethereum Bitcoiners online.

Earlier this month, Buterin responded to Bitcoin maximalist Jimmy Song. argued this proof of stake does not “provide decentralized consensus” because, according to Song, it does not solve the Byzantine Generals Question. Song was referring to the problem of reaching consensus without dome centralization through a credible single party. Compromise It is achieved in crypto when multiple entities can agree on the same data without the intervention of a central authority – this makes blockchain transactions possible.

For Vitalik, however, Song’s argument hinges on a “technique”.

“If there is a well-established tradition of debating A versus B, rooted in deep debates that touch on mathematics, economics, and moral philosophy, and you come across saying, “B is stupid because of a one-line technique with definitions,” Buterin said.

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