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Dr. Adam Back & Bitcoin's Proof of Work:    • BTC022: Dr. Adam Back & Bitcoin's Pro...  

Preston Pysh interviews MIT Graduate student Jason Lowery, who's a security researcher from the Department of Defense on Proof of Work and Proof of Stake protocols.

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

Access the transcript and learn more about the guest here: https://www.theinvestorspodcast.com/b...

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

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going!

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ABOUT OUR SHOW
On Bitcoin Fundamentals, Preston Pysh talks about the fundamentals of bitcoin, investing in bitcoin, news, deep dives and more on interviews with prominent people in blockchain technology.

Website: https://www.theinvestorspodcast.com/b...

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