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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 Basis of Abstract Power Hierarchies

They had the judges, they had the kings and like they had the resource control authority and based off of what they say, you get to do all the things that you need to do to manage resources. But there are, of course, major systemic differences when you do that. Okay, so we've already established that when you take the will to fight out of domesticated animals, they become systemically exploitable. The same thing repeated itself when a grarian society first adopted these abstract power hierarchies because these god kings essentially exploited their populations at like egregious scales.

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