- A long-standing feud between Vitalik Buterin and Charles Hoskinson continues to drive a wedge between two crypto communities.
- Statements from Buterin have raised questions about the security of the Ethereum PoS application.
- Hoskinson has jumped at the chance to sling mud.
In the latest exhibition of this feud, Cardano’s Charles Hoskinson jumped at the opportunity to throw jabs at Ethereum’s staking model after a video showed its founder, Vitalik Buterin, expressing discomfort about using the service.
Hoskinson Derides Ethereum Staking
In a recent video that has made the rounds on crypto Twitter, Ethereum co-founder Buterin expresses that he stakes only a small portion of his ETH holdings due to security concerns.
"Probably the biggest reason why I personally am not like just staking all of my ETH instead like staking a fairly small portion is because if you stake your ETH it has to be like the key is that access it has to be public on some system that's online. And like for safety, it has to be a multisig and multisig for staking are still fairly difficult to set up. And, you know, it just gets complicated about in a bunch of ways," Buterin asserted.
Buterin’s statements have unsurprisingly sparked a flurry of shocked responses, including ridicule from the Cardano community and Charles Hoskinson, asserting that their staking model is superior.
In a separate tweet on Thursday, June 29, Hoskinson compared the Ethereum staking experience to a scene from “The Shield” where Forest Whitaker repeatedly screams, “he is pissing on us!”
It is not the first time Hoskinson has thrown mud at the Ethereum staking model. Around the launch of The Merge, the Cardano founder compared Ethereum’s proof-of-stake (PoS) model to “Hotel California,” a 1976 Rock Classic by Eagles with the famous line “You can check out any time you like, but you can never leave.”
At the time, Ethereum developers were yet to enable staking withdrawals.
Unlike the Ethereum network, Cardano network participants do not have to lock up their ADA tokens to participate in network validation.
On the Flipside
- Despite Buterin’s fears, there has yet to be a report of an exploit related to the Ethereum staking model.
Why This Matters
Hoskinson’s statements further underscore the rivalry between the Ethereum and Cardano communities. Still, Buterin’s statements raise doubts about the security of Ethereum’s PoS implementation.
Read this to learn more about the feud between the Ethereum and Cardano communities:
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