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London Real

‣ Proof of work vs Proof of stake - Bitboy Crypto

London Real

Brian Rose

Investing, Cardano, Crypto, Bitcoin, Brianrose, Ethereum, Londonreal, Technology, Cryptocurrency, Business, Defi

4.41.9K Ratings

🗓️ 11 June 2022

⏱️ 7 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Okay, it's a great way you articulated that because, again, if you look at back when Bitcoin

0:05.2

was created, at the time, it's solved a bunch of problems that the market had, and so,

0:10.8

again, the market tested it, it had a use case, which was Silk Road, and again, it brought

0:16.7

a lot of value to people, but then we needed the next stage, and then Ethereum came in

0:21.4

with all of these wish lists, all the antinopolis wish lists with the smart contract, etc.

0:26.2

But of course, it couldn't foresee that itself might have its own growth issues, and thanks

0:32.9

from seven years from now, and it looks like Charles is trying to look at 10, 20, 30 years

0:38.1

ahead.

0:39.1

Maybe now, since we at least have a base of what we maybe know what this is, we can maybe

0:43.6

see a little bit further ahead in time.

0:45.8

Now, probably you can't see 100 years out, but Charles is thinking 20, 30, 40 years

0:50.6

out, whereas that would probably be impossible with Bitcoin creation, because you didn't

0:54.4

even know if it was going to go anywhere.

0:56.2

So that's a really good explanation, and I think, look, even Vitalik has said in interviews

1:01.1

that he's the guy that builds it, and he's not the white paper guy, he's not a big fan

1:07.1

of white papers, because he thinks the use test is the real test, as opposed to all of

1:12.8

the theory.

1:13.8

And again, I'm an MIT grad, but I'm also an engineer, so I went to work for a motor company,

1:18.4

we built cars that went on the road, I didn't sit in the lab and create theories.

1:22.1

So I see where both have their places, and it looks like Charles is doing the longer

1:26.6

game, and that could create an amazing piece of infrastructure.

1:30.6

I guess we'll just have to see how that plays out.

...

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