Vitalik Buterin: "PoW supporters are outright nonsense"

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Ethereum co-founder VitalikButerin harshly criticized supporters of the Proof-of-Work (PoW) consensus algorithm, who are spreading rumors about the Proof-of-Stake (PoS) algorithm.

As Buterin stated on Twitter, the idea thatPoS involves voting based on protocol parameters and is “outright nonsense.” The reason for Buterin’s sharp remark was a tweet from a blogger under the nickname @NickDPayton.

The blogger claimed that ether isan unregistered security because its users can participate in a voting process to change its properties. This message caused widespread resonance and discussion in the cryptocurrency community.

“A small 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 secure.” I know these nuances are difficult for some to understand, so I forgive the mistake. Nodes reject invalid blocks in both PoS and PoW. It’s not difficult,” Buterin wrote.

In June, the co-founder of Ethereum spoke out against the Stock-to-Flow model for calculating BTC price movements, arguing that it is incorrect and only gives people false hopes.