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

BTC098: Proof of Stake (PoS) Versus Proof of Work (PoW) w/ Jason Lowery (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

NOTE

The Singer of a Honeybee Is Not Designed for Self-Defense

And it's just a great illustration of kind of that point. The really easy and simple way to think about it is everything has a benefit to cost ratio of attacking or being attacked. There's some benefit of attacking someone and there's some cost of attacking someone. And so if you want to be systemically secure, you need the cost of attacking you to be as high as possible and you need to strive to keep it high in order to keep your benefit to cost ratio as low as possible.

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