The PoW vs. PoS Debate | Lyn Alden & Justin Drake
Bankless28 Maalis 2022

The PoW vs. PoS Debate | Lyn Alden & Justin Drake

Lyn Alden is the Founder of Lyn Alden Investment Strategy and an expert in macro markets who’s also a strong Bitcoin, proof-of-work proponent. Her friendly counterpart, Justin Drake is a researcher at the Ethereum Foundation and is pro proof-of-stake. Both are recurring guests on Bankless!

The two experts debate which is better: proof-of-work or proof-of-stake for creating a global-crypto money system? Other topics include: economic security, deterrence and recoverability in the face of the dreaded 51% attack, minimization of governance power, economic fairness, commodity vs. equity money, and so much more!

Which is your preference, proof-of-work or proof-of-stake? Warning: after this debate, your preference may change.

------
✨ DEBRIEF ✨ | Ryan & David's Unfiltered Thoughts on the Episode
https://shows.banklesshq.com/p/debrief-the-pow-vs-pos-debate-lyn

------
📣 ZERION | Trade Across 7 Networks and 500+ protocols
https://bankless.cc/Zerion

------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/

------
BANKLESS SPONSOR TOOLS:

👀 POLYGON | LAYER 2 DEFI
https://bankless.cc/Polygon

❎ ACROSS | BRIDGE TO LAYER 2
https://bankless.cc/Across

🦊 METAMASK | THE CRYPTO WALLET
https://bankless.cc/metamask

💳 LEDGER | THE CRYPTO LIFE CARD
https://bankless.cc/Ledger

🧙‍♂️ ALCHEMIX | SELF REPAYING LOANS
https://bankless.cc/Alchemix

🦄 UNISWAP | DECENTRALIZED FUNDING
https://bankless.cc/UniGrants

------
Topics Covered:

0:00 Intro
6:15 Backgrounds
8:12 The Better Monetary Premium
11:00 Equity, PoS, Commodity, PoW?
23:30 Hypothetical PoS Bitcoin
30:25 Lyn’s Rebuttal to Multiple Justin Claims
36:05 Justin’s Rebuttal to Multiple Lyn Claims
44:50 Inherently Fair or Unfair?
53:27 Different Kinds of Risk
57:30 Client Diversity
1:03:00 Lyn’s Macro Perspective
1:13:00 Justin’s Technical Perspective
1:17:42 Governance & Memes
1:29:55 The Rich Get Richer?
1:32:35 Closing Arguments

------
Resources:

Lyn’s Proof of Stake Article
https://www.lynalden.com/proof-of-stake/

Economic Security & Efficiency
https://docs.google.com/spreadsheets/d/1KdzhgbTqhRd0LndK4R8c50OK-s6W568Ydd1aytokwbs/edit#gid=0

Lyn’s Twitter
https://twitter.com/LynAldenContact

Justin’s Twitter
https://twitter.com/drakefjustin

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(1271)

LIMITLESS: U.S. vs China's Race to Superintelligence | Jeremie & Edouard Harris

LIMITLESS: U.S. vs China's Race to Superintelligence | Jeremie & Edouard Harris

In this episode, Jeremie and Edouard Harris, co-founders of Gladstone AI and national security advisors, join us to break down the real score in the U.S.–China AI race. We unpack what it actually mea...

18 Kesä 20251h 34min

EigenLayer Introduces EigenCloud: The First Crypto-Native Cloud Service | Sreeram Kannan & JT Rose

EigenLayer Introduces EigenCloud: The First Crypto-Native Cloud Service | Sreeram Kannan & JT Rose

EigenLayer is back with a major announcement: EigenCloud. Sreeram Kannan and JT Rose unveil the first crypto-native cloud platform—a verifiable, programmable environment for building applications bey...

17 Kesä 20251h 10min

Ryan's Personal Reboot: 5 Types of Wealth with Sahil Bloom

Ryan's Personal Reboot: 5 Types of Wealth with Sahil Bloom

In this deeply personal episode, Sahil Bloom joins Ryan Sean Adams to explore what it truly means to be wealthy and why so many high achievers get it wrong. After hitting burnout, Ryan stepped away fr...

16 Kesä 20251h 27min

ROLLUP: Circle’s $25B IPO Mania | Genius Act Passes? | Stripe Buys Privy | Polymarket Meets Twitter

ROLLUP: Circle’s $25B IPO Mania | Genius Act Passes? | Stripe Buys Privy | Polymarket Meets Twitter

This week, Ryan and David unpack Circle’s stunning IPO debut, soaring to a $25B market cap and triggering Wall Street’s stablecoin frenzy. They break down the landmark Genius Act vote, bringing unprec...

13 Kesä 202557min

Ethereum is Digital Oil: The Bull Case for ETH with Vivek & Danny Ryan from Etherealize

Ethereum is Digital Oil: The Bull Case for ETH with Vivek & Danny Ryan from Etherealize

Etherealize is back with a bold new thesis: ETH is digital oil. In this episode, Vivek and Danny Ryan unpack their freshly released report, The Bull Case for ETH, which positions ether as the next gre...

12 Kesä 20251h 12min

ROUNDTABLE: Crypto's IPO Era | HYPE vs. SOL vs. PUMP | Jon & Bread

ROUNDTABLE: Crypto's IPO Era | HYPE vs. SOL vs. PUMP | Jon & Bread

Crypto markets are buzzing and institutional appetite is peaking. With Circle’s IPO wildly oversubscribed and a new wave of companies racing to go public, we unpack what this means for the industry. ...

11 Kesä 202557min

How Should ETH Be Valued? | Ryan Berckmans vs. Jon Charbonneau

How Should ETH Be Valued? | Ryan Berckmans vs. Jon Charbonneau

Jon Charbonneau and Ryan Berckmans join Bankless to debate Ethereum’s future: is ETH undervalued, or has the market already spoken? We unpack whether Ethereum can rival Bitcoin as a store of value, i...

10 Kesä 20251h 13min

Is Joe Lubin the Michael Saylor of Ethereum? | The $SBET Opportunity

Is Joe Lubin the Michael Saylor of Ethereum? | The $SBET Opportunity

Joe Lubin returns to Bankless to break down his latest bold move—launching SBET, a publicly traded vehicle designed to accumulate and deploy Ether as a strategic treasury asset. We unpack whether Lub...

9 Kesä 202555min

Suosittua kategoriassa Politiikka ja uutiset

uutiscast
aikalisa
viisupodi
ootsa-kuullut-tasta-2
politiikan-puskaradio
rss-ootsa-kuullut-tasta
rss-vaalirankkurit-podcast
tervo-halme
rss-podme-livebox
rss-asiastudio
rss-pinnalla
aihe
the-ulkopolitist
et-sa-noin-voi-sanoo-esittaa
rss-kaikki-uusiksi
rss-ulkopoditiikkaa
yksilla-raahessa-podcast
lotta-paakkunainen
rss-hyvaa-huomenta-bryssel
rss-girls-finish-f1rst