Is Ethereum a Security? Vitalik Buterin slams critics on Twitter

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Vitalik Buterin responded to Bitcoiners and critics of Ethereum’s Proof-of-Stake, calling their claims a lie in a recent tweet.

Buterin argued that,
It’s amazing how some PoW proponents just keep repeating the unmitigated bare-faced lie that PoS includes voting on protocol parameters (it doesn’t, just like PoW doesn’t) and this so often just goes unchallenged. Nodes reject invalid blocks, in PoS and in PoW. It’s not hard.

For years the crypto industry has been struggling with the Securities and Exchange Commission’s position on cryptocurrencies. XRPArmy and several members of the crypto community have argued that ETH is a security and should be considered as such, but that is an open question. However, Buterin and Ethereum proponents argue that is not true.



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