What is the true set of differences between Proof of Work, and Proof of Stake? What are the engineering mindsets behind them both, and which is built explicitly to survive in the worst-case scenarios?
Find out this and more in today’s read of Hugo Nguyen’s excellent piece “Proof of Stake & the Wrong Engineering Mindset.” This will be the beginning of a short series that will finish out our week attacking the PoS design from all angles. Subscribe so you don’t miss it.
Follow Hugo on Twitter and Medium to explore his other great work and so you don't miss his next one!
https://twitter.com/hugohanoi
https://medium.com/@hugonguyen/proof-of-stake-the-wrong-engineering-mindset-15e641ab65a2
Other great Episodes and works mentioned in today’s commentary:
Nassim Taleb's "Block Swan"
https://www.amazon.com/Black-Swan-Improbable-Robustness-Fragility/dp/081297381X/ref=sr_1_1?keywords=black+swan+nassim&qid=1576710842&s=books&sr=1-1
CarCampit's "Bitcoin Blockade runner"
https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_160---Bitcoin--Blockade-Runner-of-the-Information-Age-CarCampit-e2ndpf
The Drunkard's Walk
https://amzn.to/2Mzzr2K
The Bitcoin Survivor's Book List
https://thecryptoconomy.com/bitcoin-survivors-book-list/
Hugo Nguyen's other great articles in audio:
Ethereum Architecture is Flawed
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_223---Ethereum-Architecture-is-Flawed-Hugo-Nguyen-e3i5k1
Anatomy of Proof of Work
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_158---Anatomy-of-Proof-of-Work-Part-1---Hugo-Nguyen-e2ndpg
Bitcoin, Chance, and Randomness
• https://anchor.fm/thecryptoconomy/episodes/CryptoQuikRead_159---Bitcoin--Chance--and-Randomness-Part-2---Hugo-Nguyen-e2ndpi
If you want to support the show and join the Cryptoconomy Telegram crew, become a patron below!
https://www.patreon.com/thecryptoconomy
"The reverse of that process – a so-called “death spiral” – was inevitable. Any time the immeasurably over-levered global fiat monetary system, for whatever...
"This rationale also completely demolishes the “blockchain not Bitcoin” mantra as the Schelling point is purely based on bitcoin the money, not blockchain the...
“In my lifetime I have seen many technologies emerge. The Internet. Pocket super computers. Digital music. And the old guard fought it, tried to...