Get the "Ultimate Guide to Bitcoin" course:https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoinUse the discount code YT99 to get the best price. In this video, I discuss the differences between Proof of Work and Proof of Stake (which I have renamed as "Proof of Wealth" to better highlight what it really is).Only decentralized consensus achieved through Proof of Work can provide neutral and ethical money for the world.The global financial system already runs on a version of proof of stake (where those with the most coins exert the most power over the money and the system), and it would be a shame to recreate this system by relying on proof of stake cryptocurrencies.Proof of Stake is easy to fake or game.By contrast, there is no way to fake or game Proof of Work.Proof of Stake doesn't solve the Byzantine Generals Problem.There is no way to achieve decentralized consensus with Proof of Stake, no matter how much smoke and how many mirrors you deploy.Remember this the next time you hear Vitalik or Charles Hoskinson try to muddy the waters.Not investment advice! Consult a financial advisor.Proof of work:https://manofmany.com/wp-content/uploads/2019/03/Arnold-Schwarzeneggers-Diet-and-Workout-Plan.jpgProof of stake:https://preview.redd.it/anyone-know-the-context-for-this-pic-of-reagan-and-crew-v0-caskioppvq981.jpg?auto=webp&s=ef574c515e2aa502e2c5ad59a2383e90e6729346https://www.atlantafed.org/-/media/images/economy-matters/inside-the-fed/2021/03/24/20210315_ecm_fomc_hero.jpg?h=auto&w=100%25Do you like the current proof of stake system?https://twitter.com/PelosiTracker_https://www.bbc.com/news/world-europe-38369822https://www.politico.com/news/2022/01/10/federal-reserve-vice-chair-resigns-ethics-scandal-526849https://www.cnn.com/2022/10/14/business/bostic-trading-violations-fed/index.htmlI am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.#bitcoin #proofofstake #proofofwork DisclaimerNeither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading....https://www.youtube.com/watch?v=AHr0An9GF9A