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

Episode • Oct 5, 2022 • 2h 2m

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.

BOOKS AND RESOURCES

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Jason Lowery's Twitter
Jason Lowery’s website and writings on Bitcoin.

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