BTC098: Proof of Stake (PoS) Versus Proof of Work (PoW) w/ Jason Lowery
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 – Intro
00:00:41 – Why are property rights an important starting point for understanding the differences between Proof of Stake (PoS) and Proof of Work (PoW)
00:07:19 – What is Abstract Power versus Physical Power and why are they important for understanding Proof of Stake (PoS) vs. Proof of Work (PoW)
00:22:08 – Why do the rules around property rights keep breaking down throughout time
00:40:07 – Explain the importance of basic computer science and how computer programs work so we can understand the differences in Proof of Stake (PoS) and Proof of Work (PoW)
00:50:21 – A general introduction to Proof of Stake (PoS) vs. Proof of Work (PoW)
01:00:44 – Hal Finney and Adam Back’s contributions to developing the first blockchain
01:19:09 – If you were going to exploit a PoS or PoW system how would that work
01:23:33 – Creative destruction and how it applies to protocols
01:33:56 – Jason’s thoughts on Jamie Dimon liking everything but PoW
01:40:47 – Vitalik Buterin’s comments on PoS not being tethered to physical reality
01:45:05 – How has the faculty at MIT responds to your research
02:03:19 – If you had a message to policy makers, what would it be
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? BOOKS MENTIONED:
– The Rise and Fall of the Great Powers by Paul Kennedy: https://amzn.to/3e9GyB1
– The Collapse of Complex Societies by Joseph Tainter: https://amzn.to/3ruaBq3
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