CryptoQuikRead_332 - Proof of Stake, Private Keys Attacks & Unforgeable Costliness [Hugo Nguyen]

December 19, 2019 00:37:21
CryptoQuikRead_332 - Proof of Stake, Private Keys Attacks & Unforgeable Costliness [Hugo Nguyen]
Bitcoin Audible
CryptoQuikRead_332 - Proof of Stake, Private Keys Attacks & Unforgeable Costliness [Hugo Nguyen]

Dec 19 2019 | 00:37:21

/

Hosted By

Guy Swann

Show Notes

Is there a single key factor in the difference between the assurances in PoS vs PoW? The knowledge and proof that there is a real world, inescapable cost to both producing the currency, & editing the chain history - unforgeable costliness.  Learn about this, the private keys attacks that risk entire contesting histories in PoS systems, and to the nothing-at-stake problem. This and more in today's read!

Check out the original (hit that applause button) plus the other great pieces Hugo has on his Medium page!
https://medium.com/@hugonguyen/proof-of-stake-private-keys-attacks-and-unforgeable-costliness-the-unsung-hero-5caca70b01cb

For a deeper dive into unforgeable costliness, listen to the absolute essential read, by Nick Szabo, "Shelling Out, The Origins of Money."
https://anchor.fm/thecryptoconomy/episodes/Shelling-Out---The-Origins-of-Money-Nick-Szabo-e2ndom

If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below!
https://patreon.com/thecryptoconomy

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

March 14, 2024 00:48:38
Episode Cover

Ai_019 - What if You Had a Personal Software Developer

With the announcement of Devin, the "First AI Software Engineer" by Cognition Labs, some are calling it a breakthrough, while others aren't so impressed...

Listen

Episode

April 24, 2023 00:34:26
Episode Cover

Read_723 - Alchemy - Everything Divided By 21 Million [Knut Svanholm]

"Central Banking is successful alchemy in this sense. The money- issuing institutions of the world have found a way to create new money with...

Listen

Episode

October 06, 2021 01:10:47
Episode Cover

Read_566 - Revenge of the Nodes - Part 1 - 20th Century Authoritarianism... [Aaron Segal]

"The individual investor is professionalizing at the end of one of the biggest, most Homeric blow-out parties of all time. Forgive the cliched baseball...

Listen