Chapters and Timestamps From This Episode:

• [00:47] Chapter 1: What inspired Nic and Lucas’ new article for Bitcoin Magazine? Plus, clarifying how blockchains actually work.
• [01:46] Chapter 2: Misconceptions circling the Bitcoin space: Does POW = high transaction fees?
• [05:00] Chapter 3: POW 101.
• [12:27] Chapter 4: What POW does and does not do.
• [20:11] Chapter 5: What is “pruning?”
• [24:16] Chapter 6: POW has nothing to do with how scalable a network is.
• [31:05] Chapter 7: Diving into POS. Does POS have a purpose and can it be decentralized?
• [42:38] Chapter 8: Is POW a projection of power?
• [53:00] Chapter 9: The group’s takes on ETH attempting to switch over to POS.
• [57:44] Chapter 10: What could a majority validator do for Bitcoin?
• [1:02:40] Chapter 11: How is Coin Metrics currently involved with ETH and what does it mean for the crypto landscape?
• [1:08:50] Chapter 12: Thoughts on Bitcoin’s incentive structure and uncertainties about the mining ecosystem.
• [1:20:30] Chapter 13: Arguments against those saying Bitcoin’s POW doesn’t have utility.
• [1:25:44] Chapter 14: Closing comments. What Bitcoin’s energy consumption is really bringing to the world.v