46 - Vitalik Buterin on Why Proof of Stake?
Bankless
Bankless
4.7 • 1.2K Ratings
🗓️ 4 January 2021
⏱️ 107 minutes
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Vitalik Buterin on Why Proof of Stake?
Vitalik Buterin comes to the Bankless YouTube to discuss a number of topics surrounding Proof of Stake!
We begin discussing the Beacon Chain launch, and the Ethereum's road so far up to this point.
We also discuss the theory and thought-process behind Proof of Stake! Vitalik recently wrote a blog piece 'Why Proof of Stake', and we walk through this piece with him!
Why Proof of Stake:
https://vitalik.ca/general/2020/11/06/pos2020.html
Lastly, we discuss one of Vitalik's blog pieces 'Concave and Convex Dispositions, and how these different personality types characterize Bitcoin and Ethereum, as well as the design of social groups and human governance organizations.
Convex and Concave Dispositions
https://vitalik.ca/general/2020/11/08/concave.html
Other pieces mentioned: Trust Models
https://vitalik.ca/general/2020/08/20/trust.html
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Transcript
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| 0:00.0 | Welcome to Bankless, where we explore the frontier internet money and internet finance. |
| 0:19.1 | This is how to get started, how to get better, and how to front-run the opportunity. |
| 0:23.3 | This is Ryan Sean Adams. |
| 0:24.3 | I'm here with David Hoffman, and we're here to help you become more Bankless, David |
| 0:29.9 | and we have a fantastic episode with Vitalik. |
| 0:33.5 | What do we walk through with Vitalik today? |
| 0:35.4 | Yeah, a number of different topics. |
| 0:37.9 | We wanted to get Vitalik on the podcast on the YouTube to go through some of the current |
| 0:42.3 | events in Ethereum as he is digesting them, as we are digesting them, and also go through |
| 0:47.8 | some of the blog posts that he has written on his website, Vitalik.ca. |
| 0:53.1 | We begin talking about this conversation of the Beacon Chain launch, what that was like, |
| 0:57.6 | what that felt like, just the emotional response from Vitalik, but then we go into his |
| 1:01.9 | article, Why Proof of Stake, which he wrote in November of 2020, a really important article |
| 1:07.5 | to understand the arguments behind why proof of stake is so valuable, why it's uniquely |
| 1:12.4 | compelling, and why it's security assumptions seem to be really, really strong, and that |
| 1:17.1 | is something that we are going to see being tested in 2021. |
| 1:21.0 | Then we finish off with a conversation of convex and concave dispositions, which Vitalik |
| 1:26.4 | characterizes people as either being concave or convex, and we'll get into what that means |
| 1:31.5 | in the podcast. |
| 1:33.9 | I think listening to all of these different topics, it's a diverse podcast with a number |
| 1:38.0 | of different topics, but framing it in a convex versus concave disposition, I think adds |
| 1:43.6 | an extra flavor or actually layer to really appreciate as to how people will come to argue |
... |
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