proof of work
6 statements across 6 episodes · 4 bullish · 1 bearish · 4 people on the record · first statement Dec 16, 2018 by Ali Yahya · across every show →
Everything said about proof of work, oldest first
Dec 16, 2018 positive
Yahya: Proof of work aligns incentives among mutually distrustful network participants
“The insight is that you have to contribute something to the network in order to get to vote and to get paid. The result is an elegant incentive structure that encourages mutually distrustful participants to keep each other in check.”
Jan 2, 2019 bullish
Feb 26, 2019
Apr 19, 2019 bullish
Yahya: Proof of stake can theoretically match proof of work security
“Now the cost of actually participating in consensus and making the entire network work in real terms comes down dramatically. And it's just as secure, or at least theoretically can be made just as secure. And that's a controversial statement, but I will sort o…”
May 8, 2019 negative
Dixon: Sub-second transaction finality is impossible in proof-of-work systems
“You just simply can't have, ah, like sub-second transaction finality in a proof of work system. Like, so Bitcoin, like you really need to wait, you know, each block is 10 minutes, and it has to do with the coordination among the network, and the network propag…”
Aug 29, 2019 positive
Narula: Bitcoin has operated reliably for 10 years without protocol compromise
“So proof of work has been, though it consumes a lot of electricity, it requires a lot of electricity to run the specialized hardware, has been working pretty reliably for 10 years. It's very impressive, actually. A lot of people never thought that it would wor…”