Proof of Stake vs Proof of Work | Robert Breedlove and Lex Fridman

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GUEST BIO:
Robert Breedlove is a decentralized finance entrepreneur, philosopher, and podcaster.

PODCAST INFO:

SOCIAL:

[sacreds]

How is proof of stake any less centralized? Genuine questions I'm not well educated. One is based on staking tokens which implies more money is more responsible for more of the blockchain, the other is based on computing power which is dependent on how much money you have. The same thing no?

[jackied]

I don't really trust Bitcoiners that deflect from any possible flaw or trade off there might be. It comes off more like they are selling something rather then excited about a technology.

[dzolv]

Mining is obviously centralized(try to mine as a regular Joe in 2021 and you will make less than just buying the coin) and reduced the price of bitcoin as they constantly sell the coins they mint on the BTC holders below.

[gerontiusishady]

No miners means no decentralized finance

[davoodulhakeem]

Is it possible to make a coin on proof of habit coin..
Bitcoin’s proof of work is with computer can any work say habit gives you coin..

[derekkamm]

Very sharp guy that unfortunately misses the boat, Im a little let down. Love his other content, couldn’t disagree with him more in this topic however

[phiberoptick]

I disagree with this. On paper pow is better. In reality pos works better. Im on my phone so not going to get into detail. Pow is intentional obfuscation. Pos is actual scalability

[NityaStriker]

While the Proof of Stake variant used by variously cryptocurrencies could be centralized, the variant used by Algorand’s pPoS is much less so. PoW is much more centralized than the randomized 1000-member staking done during Algorand’s block validation. 1000 tokens from participation nodes (anyone can become a participation node and are one by default on Algorand’s official open source wallet app) are randomly chosen (using VRFs) among all tokens from participation nodes for block validation. This shares the gains from staking with all the participant nodes randomly. Additionally this reduces the risk of attack to such an extent that if a single entity owned 40% of all Algo tokens that will ever exist, the probability of them validating 501 out of 1000 is 2.3E-11 (Binomial theorem with p=0.4, n=1000, k=501). That would take them 300 years if 1 block is validated every second (currently 5 seconds).

[BigCarso]

I'd suggest to Breedlove to examine his assumption that property is a core tenant of morality. It appears he's accepted this ideal as fact without examination. I'm not saying property isn't important, but it's certainly not an absolute truth. All morality is flexible, and consensus depends on specific cultures. He's mistakenly taken his own capitalist culture as absolute fact

[dogstar]

Proof of stake is more environmentally sound. When all the Bitcoin is in circulation what is the incentive for miners to continue?

[Dudedubba]

A honest question: One of the good things about Ether is that the coin is inflationary (not all of us like deflation). Is there any coin with PoW that is continuously inflationary? Imagine bitcoin but without the cap.

[bfell]

How many bitcoin holders mine bitcoin. virtually 0. Proof of stake with ADA all holders can earn a yield. This guy is clueless.

[tradingwithwill]

Miners buy mining equipment which costs a lot, stakers buy a lot crypto and lock it up ie stake it. Seems similar.

[acarbajal]

PoS is superior technology & better for the environment because (say it with me) - peer-reviewed SCIENCE. #cardano

[samalmas]

Proof of stake is significantly better than proof of work. Another bitcoin maxi

[ShiroKage]

Bitcoin mining networks are getting more and more centralized because there cannot be profit without massive massive investment or pooling. That's centralization.

[toleratinguncertainty]

Not a good answer here by Breedlove. When Bitcoiners claim PoW cannot be centralized, they are simply not being honest. Same with PoS supporters who think PoS has no weaknesses. Both Pow and PoS have trade-offs. Both are solutions in different ways.