How Bitcoin's Proof-of-Work Creates a Cryptocurrency That is Equal and Secure While Proof-of-Stake Benefits the Rich at the Expense of the Poor

I'd Rather Be Right with Luc & Nate

English - April 07, 2022 19:00 - 1 hour - 56.8 MB - ★★★★★ - 1 rating
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Previous Episode: How Russia's Invasion of Ukraine Should Change Your Predictions For 2022

Next Episode: The best topic in the world: Taxes! Also Biden and Mitch McConnell being amoral.

After some banter about the vodka and the best letter in the alphabet, it's onto Ripple and Greenpeace's coordinated attack on Bitcoin.

We break down why the arguments are flawed, the real benefits of Bitcoin's energy-intensive proof-of-work process, and why it's superior to proof-of-stake. If you've enjoyed our other Bitcoin deep dives you should really like this one. We haven't touched as much on how proof-of-work operates.

Then we finish off with some discussion about the slap heard 'round the world.

If you want to start dollar-cost averaging into bitcoin, Nate's favorite service is Swan Bitcoin. You can get $10 of free bitcoin using this referral link: https://www.swanbitcoin.com/NathanCPerry/

The book mentioned in the podcast: The Blocksize War: The Battle Over Who Controls Bitcoin's Protocol Rules by Jonathan Bier

Our two podcasts involving Bitcoin's energy use:

A Bitcoin Lightning Round! With Special Guest Evan Bolick!
Is Bitcoin's Environmental Impact Something to Worry About?

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