June 6, 2023

Vitalik Buterin: "PoW supporters are outright nonsense"

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1 min.

Vitalik Buterin: "PoW supporters are outright nonsense"

Ethereum co-founder Vitalik Buterin has come out with harsh criticism of the 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 PoSincludes voting on the parameters of the protocol, is "outright nonsense." The reason for Buterin's sharp remark was a tweet by a blogger under the nickname @NickDPayton.

The blogger claimed that ether isan unregistered security because 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 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 safe". I know that some of these nuances are difficult to understand, so I forgive the mistake. 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.