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A Chat with Dan Held about PoW
Manage episode 311154650 series 3085505
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The Case for PoW - We managed to get Dan Held to come onto the show & discuss his Medium article 'PoW is Efficient.' People have critiqued PoW by saying that the environmental cost is not worth it and other consensus algorithms have born out of this concern in; like PoS. Dan Held thinks differently and if you listen to this podcast, you'll learn why.
(1:54 - Money is Energy)
(6:06 - Why PoW isn’t a waste of electricity)
(13:00 - Why immutability makes Bitcoin a Supercommodity)
(17:30 - Eco-Bitcoin Mining)
(20:50 - Is PoW hard to decentralise?)
(25:23 - "Blockchain not Bitcoin")
(27:31 - The Energy Dollar)
(29:40 - Personal Q&A)
You can listen to our Podcast Show on any major Podcast platform including Apple Podcasts & Spotify. If you want to support the channel, just click 'Subscribe,' that way we can grow and bring you even better content in the future! Our Site: www.cryptoauthority.co.uk Our Twitter: twitter.com/cryptoauthorit Dan's 'PoW is Efficient': www.blog.picks.co/pow-is-efficient-aa3d442754d3
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