My God...I thought I was Orange pilled before listening to this. That was absolutely incredible, relating POW to evolution and sapiens development. With this young man advising the upper echolons of Government and defense, I think the future of Bitcoin and POW could be absolutely mind blowing.
Jason’s ability to breakdown complex subjects keeps you engaged the entire time. Request for a quarterly Jason deep dive into various subject matters that match with the shows vision.
In the past two years I've listened to hundreds and hundreds of podcasts about bitcoin. I have a list of 10 podcasts that I always send to people who want to learn about bitcoin and proof of work. This will now be the 11th. Great great podcasts. Mind blown
Jason brings a truly unique perspective to help our understanding of Bitcoin. The Bitcoin network is so much more valuable than just a monetary system.
This is the Tip of the Spear of knowledge to be able to understand WHY Bitcoin POW is Superior to all other consensus mechanisms (POS.). I have goosebumps listening to this and can’t believe I get to participate and learn “real time” as the World’s powers structures are at war with each other (currency wars, God King’s, and Protocols.). All I can say is THANK YOU Jason & Preston!You both are improving the depth of my understanding and the quality of my life!🙏❤️
WOW! This. Was. Genius. Mind blown, unbelievable interview! Going to watch this again, so many amazing points. Profound, well thought through, just awesome. Thank you for this work!
The whole POW analogy to violence and physical power is great and makes complete sense. But we must ask ourselves, why did humanity begin to abstract power in different ways? For progress and scale. If POW is truly the unbreakable and one true system to rule all, then by the analogy we would still be living in a world of neanderthals who are essentially driven by physical power. The analogy is great because it's true, neanderthals could not scale into groups larger than 20, just like Bitcoin can't be the underlying framework for scalable, complex, systems. Homo sapiens arrived with the ability to make abstractions of power, which in history proved the long term winner - a natural evolution into a "POS" society. "Theres no limit to how many Watts someone can summon to defend POW". Watts cost money. Stake costs money. Through inference you can say: Theres no limit to how much stake can be summoned to defend POS. In fact, staking is far more streamlined than having to deploy physcal servers to mine, so defence can be summoned quicker in POS. As far as blockchain POW vs POS goes, we need both
Proof of work is the best 'spent' energy you could use. PoS is just a fiat model, thats why the WEF is in love with ETH all of a sudden. Can be controlled by large stake.
Without a doubt this is the most impressive video about cyber currency and points brought up by Jason Lowery. After watching your video Preston I cannot say enough good things about it. The one profound statement that hit the hardest was what Jason said about letting Bankers be in charge of bitcoin. For God's sake they should not be in charge of protecting our Cyber Dome and only allow those people who can keep up with what Jason is trying to convey to America. Thanks again Preston for this was a very important video.
Oh, Jason! I far from understand all you say, but from day one when you transitioned from LinkedIn to Twitter, I have greatly appreciated your insights. CONGRATULATIONS on being invited to advise the WH Exec. Ofc. on strategic security benefits of Bitcoin. I have confidence you'll give it your best. EXCELLENT pod here with Preston! 🧡🧡
I just re-watched this vid and, oh boy, I've noticed so many new things I 'missed' the previous time. I will watch it again in a few months. Everybody that thinks POS is the "right" way should follow Jason's work and really and truthfully apply their intellect to Jason's arguments. And if they're honest, they will convert to POW.
As a former software engineer I was looking into Algorand's PPOS (Pure Proof of Stake) to see whether I am (as a Bitcoin user) really not missing something important... it seems the whole network actually relies on some 100 so called Relay Nodes, which need to be servers handling many connections, with public address AND publicly listed. So this again boils down to the problem of authority taking over the protocol.
Great stuff with Jason Lowery. Thanks Preston Pysh. We need to redefine the whole Bitcoin maxi narrative, because it's too easy to pick at. This is a PoS vs PoW issue, and how any property, no matter what it is, must be protected. Imagine if cryptographic algorithms in general could be challenged by PoS instead of PoW.
Lol all the people who shit on Jason on Twitter for being a spook or something are so dumb. Listen to what he says. What he’s saying is factual and provable. I don’t see any mental gymnastics going on here. It’s all based on first principles and historical references. Bravo!
If anything his thesis flies in the face of the high ranking members of our system who are corrupt and regularly choose to exploit and abuse their control authority over the money printer.
My question is this…what happens when you time-lock bitcoin future price/value appreciation to be split by the “communicating parties” to a future date? Not for every transaction but I certainly the major ones (whatever “major” means to the consumer)…specifically rent/mortgages. It seems like this would turn bitcoin into a method that literally sucks the “value/money” right out of real estate??? Probably all major assets/commodities…companies that offer it will flourish and customers (of all markets) will begin to demand it? Or am I wrong?
Fantastic! A lesson in Ontology! Proof of Stake - a sign with a drawing of a guard dog. Proof of Work - a real snarling dog guarding your house. It's like saying the sign can do the same thing as the real dog. The drawing of the dog is an abstraction from the real thing. The communication is meant to make you believe there is a real dog there. And it is using the fact of the real thing (guard dogs) already existing to deceive you.
Wish this was in my curriculum growing up together with all the stories being told in religion class., like an interesting story nature class, but a simpler word for it, not using the word bitcoin.
Time stamp for reference 1:24:36. Governments could also simple print fiat to purchase mining equipment to capture control of a proof of work system. Kinda easy actually. How is this any less cunerable than proof of stake? Actually with a organically grown proof of stake network, so much of the supply is out of circulation. This actually stands to function better than proof of work in your analogy if the impacts of money printing.
The point of bringing up this analogy is to highlight unbounded vs bounded systems. In PoS, it would be indefinite for an entity to capture 60% of circulating supply as there is a cap on circulating coins. While in PoW capturing 60% would cause honest miners to increase there hash rate as there is no cap on energy abundance.
@@TheIaTaI Thanks for the comment, but just not getting it. But back to the question, couldn't " a bad actor" print a bunch of fiat and purchase miners to steal a pow system? That is if they captured 51% of the hash power?
@@robleduc2410 In both PoW and PoS a "bad actor" can technically print money and attempt a chain attack - albeit at the expense of said money debasing (a heavily defended chain would require more printed money in order to have a successful attack, which would lead to more currency debasement). As an analogy, imagine an attacker discovering two honeypot chains and both are in the best interest of the "bad actor" to attack: One is heavily guarded by real world limitations (Power/Watts) and the other is guarded by an abstract version of power. Regarding my previous comment. In case of an attack, it is in the best interest of honest actors to defend their chains. PoW is defended by honest actors plugging in more miners to increase their % of hash rate (hash wars), there is no upper bound to how much energy can be plugged in. In the case of PoS there is an upper bound, which is the total supply of coins that are circulating, once a bad actor acquires a majority stake, it is over
@@TheIaTaI That makes sense. So if the majority of coins in a POS chain are staked and supporting the networki a bad actor would not be able to achieve majoirity stake. Which chains with thousand of nodes and a large distribution is so important
@@TheIaTaI the state attacker could also just seize mining operations for free. Yes, pow is a quasi unbounded resource, but also jot really. You need the energy and the hardware. So you might be able to regain power at some point, but it might be too late then.
37:48 One remark regarding bees' stingers. Bees sting to defend themselves from other insects that threaten the hive and when this happens, the bees manage to survive. In fact, a bee does not always die after using the sting. For example, if a bee attacked an insect with a rigid exoskeleton , it would be able to retract the sting without problems. The situation is different when the bee attacks the human being, or better yet, defends itself against the human being or other mammals. In that case you are right, when the bee flies away, its sting remains stuck in our epidermis, detaches itself and with it also part of the bee's internal organs remain attached. In this way, the bee dies.
Unpopular opinion We do not fully understand bitcoin yet. Is it important? Yes Is it secure? Yes Is it money? Yes Is it time? Yes Is it energy? Yes Is it property? Yes It is power projection? Yes Is it neutral? Yes Is it a transportation device? Yes Is it defensive? Yes Is it truth? Yes Is it fair? Yes Could it be more? Yes Could it be used in ways we haven't even imagined? Yes Could it be a part of everything? Yes
Wattage is not enough explanatory. It's also about where and how that power is delivered. A wolf with less wattage could overpower a wolf with more wattage, if it's more cunning and smarter about its power allocation/delivery.
Bitcoin technology as nextgen power projection… paraphrasing: it makes no more sense to ask a banker about Bitcoin tech than it does to ask a medical doctor about gunpowder. Brilliant insights.
consider: Discussion relative to 'abstract power projection' relative to presumptive trust conferred upon those using abstract power to control property or resources. Note: given common law, public servant (principal) in "office", is bound by oaths or affirmations to support and defend constitutional language. The abstract power cannot exceed common law.... cause harm, injury, loss or damage.
I’m a huge fan of bitcoin. Buttt what is your take on feasibility of blockchain tokens issued by third parties backed by gold? Many people argue that it requires third party trust and bitcoin does not. I agree, but insurance requires third party trust aswell and everyone has car insurance.
