Chapter
The Problems with Centralization and Delusion
3:28:45 - 3:36:32 (07:47)
In this podcast, the speaker talks about how a small group of people in charge can result in corruption and coercion, and the importance of being introspective about biases. They also discuss a tweet from a few years ago comparing proof of work to the invention of flight.
Clips
The speaker believes that proof of stake is a buzzword being used to promote a worthless scam like Ethereum, stating that Bitcoin operates based on proof of work, which is the reason the entire digital currency space exists.
3:28:45 - 3:31:56 (03:11)
Ethereum
Summary
The speaker believes that proof of stake is a buzzword being used to promote a worthless scam like Ethereum, stating that Bitcoin operates based on proof of work, which is the reason the entire digital currency space exists.
ChapterThe Problems with Centralization and Delusion
Episode#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
PodcastLex Fridman Podcast
The small group of people in charge can be easily corrupted and coerced, and individuals need to be self-introspective about their biases in order to break out of them.
3:31:56 - 3:36:32 (04:35)
Leadership
Summary
The small group of people in charge can be easily corrupted and coerced, and individuals need to be self-introspective about their biases in order to break out of them.