Vitalik Buterin recently engaged in a discussion that touched on both Bitcoin and its controversial off-shoots, Bitcoin Cash (BCH) and Bitcoin SV (BSV).
He claimed that BTC was “cool tech”, but Bitcoin Cash SV is “a pure dumpster fire”.
In a Twitter discussion with cryptocurrency commentator and entrepreneur Tuur Demeester December 25, Buterin debated the pros and cons of two algorithms used by many cryptocurrencies: Proof-of-Work (PoW) and Proof-of-Stake (PoS).
As part of its long-term upgrade schedule, Ethereum plans to transfer from PoW to PoS, with Buterin saying he “doesn’t believe” in the former.
While Buterin has clearly expressed his disdain for Proof-of-Work (PoW) and broadly disagrees with the leading digital currency’s roadmap, it’s clear he is excited by the tech currently in development. This sentiment is not shared with Bitcoin SV, which claims to be created in Bitcoin’s original vision.
Ethereum has been working towards shifting its protocol to Proof-of-Stake, a much-anticipated change that has been delayed. The PoW consensus is resource-intensive and lends itself to being monopolized by a few mining pools with the equipment required to mine increasingly time-consuming blocks.