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BTC098: Proof of Stake (PoS) Versus Proof of Work (PoW) w/ Jason Lowery (Bitcoin Podcast)

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IN THIS EPISODE, YOU’LL LEARN:

  • Why are property rights an important starting point for understanding the differences between Proof of Work (PoW) and Proof of Stake (PoS)?
  • Why do the rules around property rights keep breaking down throughout time?
  • Explain the importance of basic computer science and how computer programs work so we can understand the differences in PoS and PoW.
  • A general introduction to PoS and PoW.
  • Hal Finney and Adam Back’s contributions to developing the first blockchain.
  • What is Abstract Power versus Physical Power and why are they important for understanding PoS Vs PoW?
  • If you were going to exploit a PoS or PoW system, how would that work?
  • Creative destruction and how it applies to protocols.
  • How has the faculty at MIT responds to your research?
  • Jason’s thoughts on Jamie Dimon liking everything but PoW.
  • Vitalik Buterin’s comments on PoS not being tethered to physical reality.
  • If you had a message to policy makers, what would it be?


BOOKS AND RESOURCES


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