Cardano (ADA) Founder Slams Bitcoin Developer Jimmy Song For Once Again Shading Proof-of-Stake (PoS) Networks


Cardano founder Charles Hoskinson has slammed long-time Bitcoin developer Jimmy Song for criticizing Proof-of-Stake (PoS) networks yet again.

Song, a veteran Bitcoin developer, called PoS networks “the ultimate dog and pony show” in a recent tweet.

According to Song, users in Proof-of-Stake consensus networks are required to vote in a way that pleases centralized controllers or risk losing their money.

“Proof-of-stake is the ultimate dog and pony show. You have to vote the way the centralized controllers want or else you lose your money. It’s got all the honesty of a 100% vote in a dictatorship,” Song noted in a recent tweet.

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Cardano’s Founder Responds to Song’s Remark

Since it was published, the tweet has received much attention from the cryptocurrency community. People used the microblogging platform to express their thoughts on the tweet. PoS network supporters slammed Song for making a disparaging post about the Proof-of-Stake network.

Surprisingly, the Cardano creator was among those who chastised the Bitcoin developer for his remarks about the Proof-of-Stake network.

“I didn’t know Jimmy did sequels, but the stupid is back and boy it did not disappoint,” Hoskinson said.

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Previous Criticism of PoS Networks by Song

It’s worth noting that Song has recently developed a penchant for shady Proof-of-Stake networks. Last week, the veteran Bitcoin developer called PoS the worst consensus network, prompting responses from Ethereum co-founders Vitalik Buterin and Hoskinson.

Song stated that PoS networks have been unable to solve the Byzantine Generals problem, preventing these projects from providing decentralized consensus.

The claim prompted a reaction from Ethereum’s Buterin, who said:

“Pro-tip: if there’s a long-established tradition of people debating A vs B based on deep arguments touching on math, economics and moral philosophy, and you come along saying ‘B is dumb because of a one-line technicality involving definitions’, you’re probably wrong.”

While Buterin chose to be diplomatic, Hoskinson reacted angrily, calling Song’s post stupid.

“The level of stupidity here is beyond explanation,” Hoskinson said.

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