3min chapter

Lex Fridman Podcast cover image

#192 – Charles Hoskinson: Cardano

Lex Fridman Podcast

CHAPTER

Is Bitcoin a Proof of Work or Proof of Stake?

Charles Garcia: Currently you feel like the square and cash wrap they support Bitcoin. He's kind of all in on the proof of work idea, not all in, but currently kind of that's the one supported idea. If he's running a company that makes money off of these things, it makes absolutely no sense to be a maximalist. You want transaction volume. That's how you make your damn money. The only question I'd ask their team is, can you please provide me a definition of one? Doing POW is more secure than proof of stake as a tweet is not really a proof.

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