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
?? Subscribe to the Preston Pysh channel: https://www.youtube.com/c/PrestonPysh
?? Access our free show notes and transcript here: https://www.theinvestorspodcast.com/bitcoin-fundamentals/proof-of-stake-versus-proof-of-work-jason-lowery/
? 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
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
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/
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
LISTEN OR WATCH ? OTHER SHOWS FROM OUR NETWORK:
? Dive into value investing and learn more about billionaires on We Study Billionaires: https://bit.ly/3dklKWR
? Learn from high-profile guests on how to succeed in markets and life on Richer, Wiser, Happier: https://bit.ly/3p3pcHZ
? Get introduced to the world of investing and business on Millennial Investing: https://bit.ly/3QakOTf
? Learn the ins and outs of real estate investing on Real Estate 101: https://bit.ly/3JDBXm1
? Learn everything you need to know about investing on The Investor’s Podcast Network: https://www.youtube.com/c/TheInvestorsPodcastNetwork
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
OUR FREE INVESTING COURSES/RESOURCES:
? Watch Preston’s interviews about bitcoin: https://www.theinvestorspodcast.com/cryptocurrency/preston-pysh-bitcoin/
?Stay up-to-date on financial markets and investing strategies with our daily newsletter, We Study Markets: https://www.theinvestorspodcast.com/newsletters/
?Check out our hosts’ favorite apps and services for investing, personal finance, and education: https://www.theinvestorspodcast.com/affiliates/
? Warren Buffet Investing Course: https://www.theinvestorspodcast.com/warren-buffett-investment-strategy/
? Asset Allocation Course: https://www.theinvestorspodcast.com/asset-allocation-video-course/
? Intrinsic Value Index: https://www.theinvestorspodcast.com/intrinsic-value/
? If that is not enough: https://www.theinvestorspodcast.com/tip-academy/
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
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.
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
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!
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
? 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.