27 Dec '14, 7pm

Epicenter Bitcoin Ep. 58: Vitalik Buterin on Proof-of-Stake and the Future of Crypto-Economics

Epicenter Bitcoin Ep. 58: Vitalik Buterin on Proof-of-Stake and the Future of Crypto-Economics

"With Bitcoin, we're paying $600 million a year on a 5-of-10 multisig." In the latest episode of Epicenter Bitcoin , our guest was a man who needs little introduction in this community, Vitalik Buterin. We were very excited to finally have him on the show and go deep in some of Bitcoin's most crucial issues. Having covered Ethereum at great length in previous episodes with Stephan Tual and Gavin Wood, we wanted to talk to Vitalik about an area in which he holds much interest, consensus systems. In the past year, Vitalik has written extensively about consensus systems, in particular, the advantages of proof-of-stake (PoS) over the more widely used proof-of-work (PoW) algorithm. My co-host, Brian Fabian Crain, recently wrote a fantastic article breaking down the debate between PoW and PoS , which I strongly recommend. When we look closely at PoW, several big issues become ap...

Full article: http://cointelegraph.com/news/113203/epicenter-bitcoin-ep...

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