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 11, 2022 01:15:01
Episode Cover

Read_609 - The Invisible Cost of War - Part 1 [Alex Gladstein]

"As detailed in Saifedean Ammous’s “The Fiat Standard,” in November 1914 the British government “issued the first war bond, aiming to raise 350 million...

Listen

Episode

December 14, 2023 00:39:46
Episode Cover

Ai_010 - Tools for Running Local LLMs

Today we dive into a few of my favorite tools for running LLMs locally on your machine, even the average consumer machine. With a...

Listen

Episode

November 22, 2023 01:10:31
Episode Cover

Guy's Take_075 - A Global Monetary Rebellion

The election of Javier Milei is unlikely the be the next El Salvador, but I don't think it needs to be in order to...

Listen