Proof of Stake - Benefits and Flaws.

In this video I explain proof of stake, and some of its benefits as well as its flaws.

der8auer CHIA video

long range attacks explained in detail

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[NicholasHenkey]

Mental Outlaw's cooking videos already demonstrated his proof of steak

[ash.mystic]

1:14 “The real problem is how this electricity is produced.”

Shows a Tokamak Fusion reactor 😂

[wakematta]

You made a mistake in the minute 10:40, the "51% attack" in proof-of-stake is not 51% needs to be 67%. Then it's technically safer.

[fuckingpippaman]

I think as of today cpu mining asics resistant may have a resurgence (see the raptoreum craze) . There are many others similar to monero as in private but more or less mineable by everyday folks. Haven, Evox, Cpu Chain, Lethean etc

[najamcu]

So we all gonna ignore the fact at 1:03 that Gaming in California is using more electricity than whole Ghana 😂

[felixkunze]

Great and beginner friendly as always!

[MuchachoBorracho]

I like how you used a fusion reactor for your example of electricity generation.

[josephmauck]

Proof of Work gets a bit too slagged off in this video. By its very nature, PoW incentivizes cheap, renewable electricity. In the long term, it will be cheaper to use solar, wind, hydro, and geothermal power than burning an exhaustible resource. The "Digital" security problem is not negligible, as the entire point of crypto is to have a monetary system that cannot be manipulated. With Proof of Stake, that value is lost, and we may as well to back to fiat.

[SC-yysw]

1:16 > the real problem is how electricity is produced
> nuclearfusion.jpg
if only...

[joelchrono]

Talk about PASS, the Standard Unix Password manager, I would like to see your take on it

[FreeRoger]

Could you make a video on how to self-host a secure email?

[mathematicalninja]

I literally read proof of steaks given the type of videos mental outlaw produces

[friday]

Behold - blockchain feudalism (distinct from proof of work processing) born in the name of environmentalism. Sure the little guys can play too, (for now) but each node can write its own transaction rules, require their own permissions, recognize consensus or not [or fabricate their own; perhaps in a creditor cartel dominating more of the chain than anyone else, limiting transactions outside of their blessings and slowing the rest to a crawl, reproducing credit authority and thus subverting the entire principle of blockchaining via decentralized free market where capital still be like it always do.]

[steve_account]

etherium moves to the new model and all of those graphics cards go back to the market

[kyy.]

finally, needed a video from you about PoS

[G-u-z-i-o]

So basically, Ethereum wants to make it impossible for new people to enter into the crypto-mining industry who wouldn't have a steak yet.

[cherubinth]

Proof of stake = GPUs become affordable again, because you don't use them

[tanmay______]

Can you talk about Cardano? I don’t know what all the fuss is about

[XxjeffersonDkidxX]

So proof of stake is more centralized than proof of work...
Well shit...

[average_snmp_user]

the real problem is that this system is going to end up being centralized because stacking on an exchange is way easier and is less risky then stacking on your own system, also an other problem is that it costs too much to make your own node so most people will use an exchange witch again makes it more centralized. My second problem is that stacking is more expensive and has a higher commitment then to mining with a GPU, anyone that already has a GPU can do it they just need to download nicehash, but with stacking you need to invest a lot of money and time and use an exchange. My third problem is that is most of the stacking is going on in one place, like coinbase the gov will be able to regulate the crypto market way more easily.