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Currents 094: Matthew Pirkowski on Blockchain Consensus Mechanisms

The Jim Rutt Show

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The Future of Proof of Stake Systems

Bitcoin is such a piss poor place in design space, that the fact that radical trustlessness can be achieved with a self referential system would lead me to believe these proof of stake systems will out compete Bitcoin. You do not want a currency that's deflationary for a bunch of reasons. The last thing you want is your currency to be used as a store of value. That's a sign you have a mal designed currency. It's literally the same as being $100 bills stuck on your mattress.

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