Welcome to Block012 of The Bitcoin Journey. In this episode, Tim & CJ discuss proof-of-stake, the supposed next generation of decentralised consensus (spoiler alert, it isn't).

They discuss:

• What is proof-of-stake and how it differs from proof-of-work


• Countering arguments against PoW


• Why PoS centralises control of a network


• Why PoS doesn't achieve consensus

And many more ramblings inbetween! We really enjoyed recording this one, we learned a lot researching into and feel we can better combat some of the FUD thrown at PoW. We hope you find it useful too!

Some of resources used in this discussion:

Yanmaani's Blog post
Proof of stake is a scam and the people promoting it are scammers

Vitalik's Blog Detailing PoS

Interview with Vitalik that Tim references

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Video versions of our episodes can be found on bitcointv.com, as well as on youtube.

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We release regular episodes discussing the best bitcoin related articles, news, and technology.

Follow and get in contact with the hosts on Twitter:

CJ  @CharlieJBitcoin

Tim  @BitcoinTimO

Podcast  @BTCJourneyPod

And visit the website for all our shows:

thebitcoinjourney.org

Any other questions please email hi@thebitcoinjourney.org

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Theme music is Good Times by Sensho

Music from Uppbeat (free for Creators!): https://uppbeat.io/t/sensho/good-times License code: NTRNICT65K6COIPU