Why can't the Bitcoin blockchain just go from proof of work to proof of stake? Doesn't that seem like sort of an elegant solution? Well, it would seem like it on this surface, right? But you actually have to look a little bit more deep. There's a strong argument to be made that there's a centralizing force with proof of stake over time. And one of the keys that Bitcoin has been designed around is decentralization and security.
Bloomberg News Technology Reporter Jackie Davalos discusses Lyft shares taking a big hit after forecasting dramatically lower profits than expected and saying it will cut prices in an attempt to attract and keep customers. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Economics Reporter Rich Miller provide the details of Rich's Businessweek Magazine story Forget Hard or Soft Economic Landing: Meet the Rolling Recession. Bloomberg News Managing Editor for Crypto stacy-marie ishmael breaks down crypto staking and the impact on Kraken and Coinbase. Kent Halliburton, President and COO of Sazmining, talks about sustainable Bitcoin mining. And we Drive to the Close with David Dietze, Senior Portfolio Strategist at Peapack Private Wealth Management.
Hosts: Carol Massar and Katie Greifeld. Producer: Paul Brennan.
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