2004 sats \ 0 replies \ @Brunswick 13 Jul 2022 \ on: Ethereum co-founder responds to PoS critics amid upcoming Merge bitcoin
Vitalik's refutation to Song's argument against proof of stake was accusing Song of Ad Hominem where there was none, then a direct appeal to authority. No actual counter given...
Proof of stake "validators" are anticompetitive actors acting in a socialist system where the system operates on authority based on trust of stakeholders rather than egalitarian competition based on effort. The difference between bitcoin and POS is the quite literally the difference between socialism and capitalism.
The whole point of bitcoin is its trustlessness. Shitcoiners are going to shitcoin.