Chapter
The Consistency of the Universe Informs Cryptocurrency
54:49 - 59:06 (04:16)
The universe has a way of updating the ledger of physics that stays consistent, similar to cryptocurrency's hybrid proof-of-work and proof-of-stake system. Meanwhile, proof-of-work adherents hold that this is the only valid system.
Clips
The universe has a way of updating the ledger of physics consistently and without manipulation, much like a blockchain.
54:49 - 57:34 (02:45)
Summary
The universe has a way of updating the ledger of physics consistently and without manipulation, much like a blockchain. It is difficult to audibly track when multiple entities are updating the ledger simultaneously but they must ultimately reach a consensus on the order of transactions.
ChapterThe Consistency of the Universe Informs Cryptocurrency
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
Peercoin's hybrid proof of work and proof of stake model suffered from short-term thinking just like shareholder models.
57:34 - 59:06 (01:31)
Summary
Peercoin's hybrid proof of work and proof of stake model suffered from short-term thinking just like shareholder models. Proof of work maximalists may be limiting their view of what is valid and legitimate in the cryptocurrency space.