Stephan Livera Podcast cover image

SLP300 Adam Back Bitcoin, Privacy & Censorship Resistance

Stephan Livera Podcast

00:00

Proof of a Stake or Some Other Mechanism?

i'm very sceptical that proof of stake actually works. Even if it somehow magically was made to work, iwould say it's undesirable. It has the same factors that go into political money, government money. And people who are, you have close ties with the committees that are in control of these things get cheaper money,. or get free money, or get money for being promoters. So theyr is basically like fit, but instead of being run by world class military economists, run by some javescript developmers without prior economic training. I think old cons are kind of great for brute forcing all possible failer modes oft, often with warnings of, o don't do that,

Play episode from 12:47
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app