.BillyM2k tells IOHK_Charles why he should not worry about BTC maxis attacking Cardano over ethereum PoS issues after Merge
Hoskinson commented on an article published in late August by a Bitcoin maxi, in which he explains to Bitcoiners how proof of stake works, saying that it is important to know that for future narrative battles in order to be able to"punch back" at the ETH community.Once Ethereum cleanses itself of the “dirty” and “wasteful” externalities from PoW, we can expect the gloves to come off in the narrative war, and I think Bitcoiners should be ready to punch back.
Among other stones thrown at Ethereum and the proof-of-stake algorithm, the author names the fact that PoS is based on a"negative incentive system." Among the things these penalties are given for is"slashing." This is when a miner’s stake in ETH gets slashed for creating ambiguity on the network or by being inactive. Hoskinson stated that Cardano must not be blamed for Ethereum's PoS problems only because both chains now run on the same consensus algorithm.
Dogecoin cofounder Billy Markus assured Hoskinson that he should not worry about what he wrote in his tweet since the majority of crypto users do not understand how PoS and PoW works, though many pretend to. don’t worry, there’s like 8 people out of the millions of people in cryptocurrency who truly actually understand anything
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