Cryptocurrency News

Charles Hoskinson Takes a Dig at Jimmy Song After New Twitter Post

2022.07.14 06:45

Charles Hoskinson Takes a Dig at Jimmy Song After New Twitter Post
Charles Hoskinson Takes a Dig at Jimmy Song After New Twitter Post

    • Jimmy Song stated that Proof of Stake is the ultimate horse and pony show.
    • Charles Hoskinson, the founder of Cardano (ADA), was not a fan of Song’s opinion.
    • This Tweet was successful in drawing reactions from other big names in the industry like Ethereum founder Vitalik Buterin.

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.”

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