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

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1270)

MegaETH Mainnet is Live! — The Next Era of Ethereum Scaling

MegaETH Mainnet is Live! — The Next Era of Ethereum Scaling

MegaETH mainnet is live, kicking off a new frontier for Ethereum scaling: ultra-low latency, massive throughput, and an execution environment built to unlock apps that can’t exist on L1. Lei Yang & ...

9 Feb 1h 22min

Vitalik Signals the End of the Rollup-Centric Roadmap: What's Next?

Vitalik Signals the End of the Rollup-Centric Roadmap: What's Next?

A single Vitalik tweet just snapped Ethereum’s scaling narrative into focus: the rollup-centric roadmap is over, and a new path is here. Ryan and David break down what Vitalik actually said (and what ...

7 Feb 52min

ROLLUP: Crypto in Free Fall | Vitalik’s L2 Pivot | Warsh Fed Pick | Clarity Act Showdown

ROLLUP: Crypto in Free Fall | Vitalik’s L2 Pivot | Warsh Fed Pick | Clarity Act Showdown

Crypto enters a full-blown pain market as Bitcoin, ETH, tech stocks, and even gold sell off together. Ryan and David break down why crowded trades are unwinding across markets, what the Warsh Fed chai...

6 Feb 1h 4min

AI on Ethereum: ERC-8004, x402, OpenClaw and the Botconomy | Austin Griffith & Davide Crapis

AI on Ethereum: ERC-8004, x402, OpenClaw and the Botconomy | Austin Griffith & Davide Crapis

AI agents aren’t “coming” to Ethereum—they’re already here, spinning up on dedicated machines, clicking through wallets, deploying contracts, and even building apps for themselves. In this episode, Ry...

5 Feb 1h 37min

Where Do We Go From Here? | Michael Nadeau

Where Do We Go From Here? | Michael Nadeau

Michael Nadeau went risk-off in October and has been targeting Bitcoin's fair value near $65K. In this episode, he joins Ryan to unpack what changed after BTC broke below $80K, why he does not think t...

3 Feb 59min

Capitalism’s Endgame: The Last Companies That Will Ever Exist

Capitalism’s Endgame: The Last Companies That Will Ever Exist

Capitalism may be heading toward an “event horizon,” where a handful of firms become so entrenched they’re effectively the last companies standing. We break down the four “Infinity Gauntlet” pillars...

2 Feb 1h 29min

ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

ROLLUP: Gold & Silver ATHs | Fidelity’s Stablecoin | Ethereum’s Quantum Pivot | Tether Buys Gold

Markets wobble as gold and silver hit all time highs, raising the big question of what comes next for crypto. Ryan and David unpack the macro shock driving the move, from Fed independence and shutdown...

30 Jan 1h 4min

The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

The Most Underrated Chain: Celo’s Surprising Traction Around the World | Marek Olszewski

Celo is quietly powering real-world payments at global scale. In this episode, David and Ryan sit down with Marek Olszewski, CEO of cLabs, to unpack how Celo became a fast, low-cost payments layer use...

29 Jan 1h 12min

Populært innen Politikk og nyheter

giver-og-gjengen-vg
aftenpodden
forklart
aftenpodden-usa
popradet
stopp-verden
fotballpodden-2
lydartikler-fra-aftenposten
det-store-bildet
nokon-ma-ga
rss-gukild-johaug
dine-penger-pengeradet
rss-ness
rss-espen-lee-usensurert
hanna-de-heldige
aftenbla-bla
grasoner-den-nye-kalde-krigen
e24-podden
rss-dannet-uten-piano
frokostshowet-pa-p5