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

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

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📖 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! 😀

💡 OTHER RESOURCES
– Connect with Jason: https://twitter.com/JasonPLowery
– Check out his website: https://mutuallyassuredpreservation.com/
– Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a special $140 discount: https://bit.ly/3PVyNfF

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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/bitcoin-fundamentals/

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WHO I AM:
I’m Preston Pysh, an entrepreneur, investor, author, and cryptocurrency ₿ proponent. I’m the founder of BuffettsBooks.com and Pylon Holding Company. I have authored and co-authored 🖊️ a number of investment and autobiographical works and also wrote multiple finance and investing-related articles for Forbes from 2016 and 2018. I take great pleasure in taking complex ideas 💡 and making them accessible.

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GET IN TOUCH WITH ME 💬:

I’d love to hear from you! Send me a tweet 🐦 directly at https://twitter.com/PrestonPysh if you’d like to have a quick exchange of thoughts!

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❗ DISCLAIMER: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.

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