2min chapter

Lex Fridman Podcast cover image

#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics

Lex Fridman Podcast

CHAPTER

Proof of Stake

The only way that a proof of stake system will take off is if you have a military to force people to use it. Ultimately there's no way that it's going to take off on a free market. The agreements between the banks and the Federal Reserve, it feels like a lot of those agreements are made by individuals behind the scenes. It's vaporware for all practical. I mean, you can do it in a centralized way, but can it survive? Can it last for a long time? I don't think so.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode