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

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By Stig Brodersen and The Investor's Podcast Network. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

IN THIS EPISODE, YOU’LL LEARN:

  • 01:58 - Why are property rights an important starting point for understanding the differences between Proof of Work (PoW) and Proof of Stake (PoS)?
  • 07:41 - What is Abstract Power versus Physical Power and why are they important for understanding PoS Vs PoW?
  • 20:45 - Why do the rules around property rights keep breaking down throughout time?
  • 40:45 - Explain the importance of basic computer science and how computer programs work so we can understand the differences in PoS and PoW.
  • 49:50 - A general introduction to PoS and PoW.
  • 57:25 - Hal Finney and Adam Back’s contributions to developing the first blockchain.
  • 01:15:15 - If you were going to exploit a PoS or PoW system, how would that work?
  • 01:23:08 - Creative destruction and how it applies to protocols.
  • 01:31:59 - Jason’s thoughts on Jamie Dimon liking everything but PoW.
  • 01:38:15 - Vitalik Buterin’s comments on PoS not being tethered to physical reality.
  • 01:42:17 - How has the faculty at MIT responds to your research?
  • 01:58:30 - If you had a message to policy makers, what would it be?

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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653 episodes