Episode 14: What is Proof of Work? Why you should know about it
Description
We are often asked for a super basic, first principles explanation of Proof of Work. We make our best attempt to boil down PoW to its most basic points.
We discuss:
- What are the basics of Proof Of Work and how to think of it simply
- What's a good analogy and how it can be thought at as a game
- Some elegant aspects of PoW in the Bitcoin network design
- Data on ESG concerns and how to think about Bitcoin's energy use long-term
- Why energy in the Bitcoin network is programmed to go down over time
- What makes an attack so difficult?
We do not provide financial advise in any form. All information is our opinion and for entertainment use.
Every Podcast we add a video or podcast we think of as Value add:
Anthony Pompliano: EXCLUSIVE Michael Saylor Interview
https://www.youtube.com/watch?v=c3E91-RGjQE
Here, Saylor discusses how Microstrategy came to buy Bitcoin initially, the thought process at the time and how he looks at it one its one-year anniversary.
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