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BTC120: Preston's Top 5 Bitcoin Fundamental Moments, w/ Michael Saylor, Jeff Booth, Gigi, Alex Gladstein, Cory Klippsten, & Pablo Fernandez (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Proof of Work Versus Proof of Stake
Gigi: Let's talk about proof of stake versus proof of work. This is, in my opinion, one of the most important things for somebody that's new coming into this space to fully understand. So if you are going to characterize the two of them, please do so. And then talk to us about the concerns that you have for proof of stake,. Okay, I'll have to collect myself. I did not anticipate this question. Proof of stake is basically a scam period. Like it doesn't work, it cannot work. Just in terms of timing, proof of stake systems, always need to do some proof of work in secret to fight off these race conditions and so on.
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