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Currents 094: Matthew Pirkowski on Blockchain Consensus Mechanisms

The Jim Rutt Show

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The Evolution of Proof of Stake Systems

I would say that would be a question on whether the proof of stake system was mutable with respect to its parameters or not. If it was designed such that its parameters were not subject to arbitrary political capture, then it would be just as robust as Bitcoin. So, I mean, my hypothesis would be like, let's imagine a world in which all the proof of work systems are subtracted from that set of network processes. Then you will see whichever system is able to prove itself most effective in its relationship and managing its relationship with extrinsic reality could become the central node in that network.

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