Preston Pysh interviews MIT Graduate student Jason Lowery, who's a security researcher from the Department of Defense on Proof of Work and Proof of Stake protocols.

IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:41 - Why are property rights an important starting point for understanding the differences between Proof of Stake (PoS) and Proof of Work (PoW)
00:07:19 - What is Abstract Power versus Physical Power and why are they important for understanding Proof of Stake (PoS) vs. Proof of Work (PoW)
00:22:08 - Why do the rules around property rights keep breaking down throughout time
00:40:07 - Explain the importance of basic computer science and how computer programs work so we can understand the differences in Proof of Stake (PoS) and Proof of Work (PoW)
00:50:21 - A general introduction to Proof of Stake (PoS) vs. Proof of Work (PoW)
01:00:44 - Hal Finney and Adam Back's contributions to developing the first blockchain
01:19:09 - If you were going to exploit a PoS or PoW system how would that work
01:23:33 - Creative destruction and how it applies to protocols
01:33:56 - Jason's thoughts on Jamie Dimon liking everything but PoW
01:40:47 - Vitalik Buterin's comments on PoS not being tethered to physical reality
01:45:05 - How has the faculty at MIT responds to your research
02:03:19 - If you had a message to policy makers, what would it be

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📖 BOOKS MENTIONED:
- The Rise and Fall of the Great Powers by Paul Kennedy: https://amzn.to/3e9GyB1
- The Collapse of Complex Societies by Joseph Tainter: https://amzn.to/3ruaBq3

Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀

💡 OTHER RESOURCES
- Connect with Jason: https://twitter.com/JasonPLowery
- Check out his website: https://mutuallyassuredpreservation.com/
- Seeking Alpha is a crowd-sourced content service for financial markets. Take control of your financial future — Use our link here for a special $140 discount: https://bit.ly/3PVyNfF

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ABOUT OUR SHOW 🎙

On Bitcoin Fundamentals, Preston Pysh talks about the fundamentals of bitcoin, investing in bitcoin, news, deep dives and more on interviews with prominent people in blockchain technology.

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WHO I AM:
I’m Preston Pysh, an entrepreneur, investor, author, and cryptocurrency ₿ proponent. I’m the founder of BuffettsBooks.com and Pylon Holding Company. I have authored and co-authored 🖊️ a number of investment and autobiographical works and also wrote multiple finance and investing-related articles for Forbes from 2016 and 2018. I take great pleasure in taking complex ideas 💡 and making them accessible.

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GET IN TOUCH WITH ME 💬:

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