5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC099: Michael Saylor's Deep Dive on Bitcoin Energy Misconceptions (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Is Proof of Stake a Proof of Work?

Vitalik Buterin: No proof of stake protocol was bigger than this announcement that was recently made with the merge and Ethereum. He says it's basically letting us create a simulated universe that has its own laws of physics. That just gives the us as protocol developers a lot more freedom to optimize the system around having all of the different security properties we want, he says. If you're actually promoting your crypto network as a commodity, nobody should be able to force their views onto the asset holders, And if you can force your views on the Bitcoin on e-thliners, then that doesn't sound like good consensus.

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