Is there a single key factor in the difference between the assurances in PoS vs PoW? The knowledge and proof that there is a real world, inescapable cost to both producing the currency, & editing the chain history – unforgeable costliness. ¬†Learn about this, the private keys attacks that risk entire contesting histories in PoS systems, and to the nothing-at-stake problem. This and more in today’s read!

Check out the original (hit that applause button) plus the other great pieces Hugo has on his Medium page!

For a deeper dive into unforgeable costliness, listen to the absolute essential read, by Nick Szabo, “Shelling Out, The Origins of Money.”—The-Origins-of-Money-Nick-Szabo-e2ndom

If you want to support the tons of work in making audio versions and expanding on all the best written works around Bitcoin and the Cryptoconomy, become a patron below!

This episode is sponsored by
· Anchor: The easiest way to make a podcast.

Send in a voice message:
Support this podcast: