POW vs. POS

<p><strong>Chapters and Timestamps From This Episode:</strong></p> <ul> <li>[00:47] Chapter 1: What inspired Nic and Lucas’ new article for Bitcoin Magazine? Plus, clarifying how blockchains actually work.</li> <li>[01:46] Chapter 2: Misconceptions circling the Bitcoin space: Does POW = high transaction fees?</li> <li>[05:00] Chapter 3: POW 101.</li> <li>[12:27] Chapter 4: What POW does and does not do.</li> <li>[20:11] Chapter 5: What is “pruning?”</li> <li>[24:16] Chapter 6: POW has nothing to do with how scalable a network is.</li> <li>[31:05] Chapter 7: Diving into POS. Does POS have a purpose and can it be decentralized?</li> <li>[42:38] Chapter 8: Is POW a projection of power?</li> <li>[53:00] Chapter 9: The group’s takes on ETH attempting to switch over to POS.</li> <li>[57:44] Chapter 10: What could a majority validator do for Bitcoin?</li> <li>[1:02:40] Chapter 11: How is Coin Metrics currently involved with ETH and what does it mean for the crypto landscape?</li> <li>[1:08:50] Chapter 12: Thoughts on Bitcoin’s incentive structure and uncertainties about the mining ecosystem.</li> <li>[1:20:30] Chapter 13: Arguments against those saying Bitcoin’s POW doesn’t have utility.</li> <li>[1:25:44] Chapter 14: Closing comments. What Bitcoin’s energy consumption is really bringing to the world.v</li> </ul>