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Episode 14: What is Proof of Work? Why you should know about it

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Manage episode 307011120 series 2950921
Content provided by Alexandre Fuchs and Gabriel Riesco, Alexandre Fuchs, and Gabriel Riesco. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Alexandre Fuchs and Gabriel Riesco, Alexandre Fuchs, and Gabriel Riesco or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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.
Questions? Comments?
Find us on Twitter at:
https://twitter.com/PodcastNoobs
Find us on Facebook at:
https://www.facebook.com/thecryptonoobs
Thanks again for the interest. We really appreciate it!
We encourage discussion, feedback and topical suggestions. Please reach out anytime!

The information provided in this podcast is for educational and informational purposes only and should not be construed as financial, investment, tax, or legal advice. Always consult with a qualified professional before making any financial decisions.

  continue reading

42 episodes

Artwork
iconShare
 
Manage episode 307011120 series 2950921
Content provided by Alexandre Fuchs and Gabriel Riesco, Alexandre Fuchs, and Gabriel Riesco. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Alexandre Fuchs and Gabriel Riesco, Alexandre Fuchs, and Gabriel Riesco or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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.
Questions? Comments?
Find us on Twitter at:
https://twitter.com/PodcastNoobs
Find us on Facebook at:
https://www.facebook.com/thecryptonoobs
Thanks again for the interest. We really appreciate it!
We encourage discussion, feedback and topical suggestions. Please reach out anytime!

The information provided in this podcast is for educational and informational purposes only and should not be construed as financial, investment, tax, or legal advice. Always consult with a qualified professional before making any financial decisions.

  continue reading

42 episodes

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