The Ripple executive wants Bitcoiners to stop lying about having no intermediaries
His criticism comes in response to a Vitalik Buterin quote posted on Twitter. The Canadian programmer stressed the importance of removing intermediaries, arguing that blockchain would put Uber out of a job and let taxi drivers work directly with their customers.
Schwartz, however, says that that does not apply to proof of work and proof of stake blockchains. His argument is that block producers, just like Uber and credit card companies, are incentivized to keep fees as high as possible. Hence, the Ripple executive says that Buterin's claim does not make any sense.attempts to tax the rider, block producers attempt to tax the sender of a particular transaction.
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