BTC120: Preston's Top 5 Bitcoin Fundamental Moments, w/ Michael Saylor, Jeff Booth, Gigi, Alex Gladstein, Cory Klippsten, & Pablo Fernandez (Bitcoin Podcast)
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Proof of Stake and Proof of Proof
There is no global state, you know, like you cannot snap with your finger and decide this is the global state of the world. And so if you reduce the block time to lower than 50 milliseconds, for example, it would be absolutely impossible to find consensus. That's also why chains that have slower, shorter block times, they have more orphan blocks because it's, youknow, like the risk of running into consensus problems is higher. Bitcoin's 10 minutes is just like, okay, that's good enough, even if you have latency issues and so on.10 minutes is long enough for the earth to agree on the state. Period. You need to have time stamp service that are
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