Jimmy Song, a long-time Bitcoin developer took to Twitter (NYSE:TWTR) on June 13 and stated that Proof of Stake (PoS) is the ultimate horse 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,” says the developer.
Charles Hoskinson, the founder of Cardano (ADA), who was not a fan of Song’s opinion criticized the take and even went to the extent of saying “stupid is back.”
I didn’t know Jimmy did sequels, but the stupid is back and boy it did not disappoint https://t.co/ofOw6pTOXd— Charles Hoskinson (@IOHK_Charles) July 13, 2022