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Cardano Founder, Joins Vitalik Buterin to Slam Bitcoin Developer Jimmy Song for Shading PoS Consensus Networks


thecryptobasic.com 05 July 2022 08:44, UTC
Reading time: ~2 m

Charles Hoskinson has joined his former colleague Buterin in condemning the comments made by Bitcoin developer Jimmy Song.

Shortly after Ethereum’s Vitalik Buterin called out popular Bitcoin contributor Jimmy Song for his comments about Proof-of-Stakes (PoS) networks being the worst consensus system, Charles Hoskinson, the founder of Cardano, also expressed his displeasure about the post.

Hoskinson took to Twitter to describe Song’s post on the microblogging platform as stupid. “The level of stupidity here is beyond explanation,” Hoskinson said.

The level of stupid here is beyond explanation https://t.co/2ARGkcpBgG

— Charles Hoskinson (@IOHK_Charles) July 4, 2022

Song’s Criticism of PoS Systems

Recall that Song took a direct shot at Proof-of-Stake systems like Cardano and other networks that used a similar algorithm over the weekend for not being able to solve the Byzantine Generals problem, thus failing to provide true decentralization.

“Proof-of-stake does not solve the Byzantine Generals Problem. Therefore, it does not provide a decentralized consensus. If you didn’t understand this tweet, then you are completely unqualified to make any claims about proof-of-stake,” Song disclosed earlier.

Apparently, the comment did not go down well with Buterin, who is currently working on Ethereum’s transition from a Proof-of-Work (PoW) consensus algorithm to Proof-Stake.

The Ethereum founder reacted to the post in a more polite manner, saying:

“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.”

The Byzantine General’s Problem

The Byzantine Generals problem is a major issue affecting various networks that rely on consensus. The problem occurs as many actors are required to come to an agreement for a system to work, but none of these actors usually trust one another.

However, Bitcoin was the first blockchain to provide a fix to the problem via its use of an immutable public ledger to disincentivize bad actors.

Cardano Boss Has Time for Critics

Meanwhile, Hoskinson is not someone who takes shades lightly as he always comes to defend his project even if it means being seen as rude.

This is not the first time Hoskinson will publicly speak against a post or comment that he considers a direct or indirect attack on Cardano.

The Cardano exec had previously trolled Terra founder and CEO Do Kwon for making derogatory comments about ADA cryptocurrency.

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