{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"The PoW vs. PoS Debate | Lyn Alden &amp; Justin Drake","description":"Lyn Alden is the Founder of Lyn Alden Investment Strategy and an expert in macro markets who\u2019s also a strong Bitcoin, proof-of-work proponent. Her friendly counterpart, Justin Drake is a researcher at the Ethereum Foundation and is pro proof-of-stake. Both are recurring guests on Bankless! The two experts debate which is better: proof-of-work or proof-of-stake for creating a global-crypto money system? Other topics include: economic security, deterrence and recoverability in the face of the dreaded 51% attack, minimization of governance power, economic fairness, commodity vs. equity money, and so much more! Which is your preference, proof-of-work or proof-of-stake? Warning: after this debate, your preference may change. ------ \u2728 DEBRIEF \u2728 | Ryan &amp;amp; David's Unfiltered Thoughts on the Episode https:\/\/shows.banklesshq.com\/p\/debrief-the-pow-vs-pos-debate-lyn&amp;nbsp; ------ \ud83d\udce3 ZERION | Trade Across 7 Networks and 500+ protocols https:\/\/bankless.cc\/Zerion&amp;nbsp; ------ \ud83d\ude80 SUBSCRIBE TO NEWSLETTER: https:\/\/newsletter.banklesshq.com\/&amp;nbsp;  \ud83c\udf99\ufe0f SUBSCRIBE TO PODCAST: http:\/\/podcast.banklesshq.com\/&amp;nbsp; ------ BANKLESS SPONSOR TOOLS: \ud83d\udc40 POLYGON | LAYER 2 DEFI https:\/\/bankless.cc\/Polygon&amp;nbsp; \u274e ACROSS | BRIDGE TO LAYER 2 https:\/\/bankless.cc\/Across&amp;nbsp; \ud83e\udd8a METAMASK | THE CRYPTO WALLET https:\/\/bankless.cc\/metamask&amp;nbsp; \ud83d\udcb3 LEDGER | THE CRYPTO LIFE CARD https:\/\/bankless.cc\/Ledger&amp;nbsp; \ud83e\uddd9\u200d\u2642\ufe0f ALCHEMIX | SELF REPAYING LOANS https:\/\/bankless.cc\/Alchemix&amp;nbsp; \ud83e\udd84 UNISWAP | DECENTRALIZED FUNDING https:\/\/bankless.cc\/UniGrants&amp;nbsp; ------ Topics Covered: 0:00 Intro 6:15 Backgrounds 8:12 The Better Monetary Premium 11:00 Equity, PoS, Commodity, PoW? 23:30 Hypothetical PoS Bitcoin 30:25 Lyn\u2019s Rebuttal to Multiple Justin Claims 36:05 Justin\u2019s Rebuttal to Multiple Lyn Claims 44:50 Inherently Fair or Unfair? 53:27 Different Kinds of Risk 57:30 Client Diversity 1:03:00 Lyn\u2019s Macro Perspective 1:13:00 Justin\u2019s Technical Perspective 1:17:42 Governance &amp;amp; Memes 1:29:55 The Rich Get Richer? 1:32:35 Closing Arguments ------ Resources: Lyn\u2019s Proof of Stake Article https:\/\/www.lynalden.com\/proof-of-stake\/&amp;nbsp; Economic Security &amp;amp; Efficiency  https:\/\/docs.google.com\/spreadsheets\/d\/1KdzhgbTqhRd0LndK4R8c50OK-s6W568Ydd1aytokwbs\/edit#gid=0&amp;nbsp; Lyn\u2019s Twitter https:\/\/twitter.com\/LynAldenContact&amp;nbsp; Justin\u2019s Twitter https:\/\/twitter.com\/drakefjustin&amp;nbsp; ----- Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research. Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here: https:\/\/newsletter.banklesshq.com\/p\/bankless-disclosures&amp;nbsp; ","author_name":"Bankless","author_url":"http:\/\/podcast.banklesshq.com\/","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/22591019\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/22591019"}