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

May 05, 2022 00:49:27
Episode Cover

Guy's Take #54 - CTV, Blockspace Debt, & TX Grenades

[Caveat - A critical piece of the puzzle I lay out in this episode was something I incorrectly understood, which makes this entire thought...

Listen

Episode

November 25, 2021 01:46:21
Episode Cover

Read_578 - The Irrelevance of Experts [Willem Van Den Bergh]

“as the internet has slowly but surely eroded the obstacle of restricted information access in the past decades, the limiting factor for an individual...

Listen

Episode

January 30, 2022 00:54:57
Episode Cover

Guy's Take #51 - AOPP & the Travel Rule

With Twitter up in arms about a potentially invasive privacy measure and compliance for an invasive regulatory requirement, it's time to break down exactly...

Listen