Very good video, not the easiest stuff explained in a very understandable manner.
Would've preferred this over all the reading I did for sure, haha.
Topic: Proof of Work and Proof of Stake explained for beginners (Read 1273 times)
Thanks, I need this man
Nice production values, and easy to understand, but I can't say much positive about the content of the latter half of the video.
For one thing, it's very one-sided, claiming that proof-of-stake is strictly superior to proof-of-work. The link to the forums below isn't very useful, either. I might suggest a more recent thread which includes more enlightened views on proof-of-work and proof-of-state (and proof-of-idle too): https://bitcointalksearch.org/topic/energy-efficiency-776541
There's also a strong implication that Bitcoin is on its way towards switching to a proof-of-stake system, which seems extremely unlikely to happen given the problems it has (see that link for details).
For one thing, it's very one-sided, claiming that proof-of-stake is strictly superior to proof-of-work. The link to the forums below isn't very useful, either. I might suggest a more recent thread which includes more enlightened views on proof-of-work and proof-of-state (and proof-of-idle too): https://bitcointalksearch.org/topic/energy-efficiency-776541
There's also a strong implication that Bitcoin is on its way towards switching to a proof-of-stake system, which seems extremely unlikely to happen given the problems it has (see that link for details).
Thanks for the feedback. I didn't mean to sound biased, I personaly don't think there's any solution to this problem yet. The whole idea was just to explain the concepts. I've taken your discussion link and replaced it on the site - thanks for that info.
There's also a strong implication that Bitcoin is on its way towards switching to a proof-of-stake system, which seems extremely unlikely to happen given the problems it has (see that link for details).
I agree that the video sounded a bit biased towards PoS. It didn't mention a word on the problems of PoS like forking and distribution problems. Bitcoin forking to PoS is very unlikely at the moment. I can imagine all miners staying on the PoW fork and nothing happening on the PoS fork.
Nice production values, and easy to understand, but I can't say much positive about the content of the latter half of the video.
For one thing, it's very one-sided, claiming that proof-of-stake is strictly superior to proof-of-work. The link to the forums below isn't very useful, either. I might suggest a more recent thread which includes more enlightened views on proof-of-work and proof-of-state (and proof-of-idle too): https://bitcointalksearch.org/topic/energy-efficiency-776541
There's also a strong implication that Bitcoin is on its way towards switching to a proof-of-stake system, which seems extremely unlikely to happen given the problems it has (see that link for details).
For one thing, it's very one-sided, claiming that proof-of-stake is strictly superior to proof-of-work. The link to the forums below isn't very useful, either. I might suggest a more recent thread which includes more enlightened views on proof-of-work and proof-of-state (and proof-of-idle too): https://bitcointalksearch.org/topic/energy-efficiency-776541
There's also a strong implication that Bitcoin is on its way towards switching to a proof-of-stake system, which seems extremely unlikely to happen given the problems it has (see that link for details).
Great Video for new people. We need more tutorial videos like this to bring new people into crypto. That way the same questions don't get asked 100x. There should be a site dedicated to teaching with multiple videos for all different aspects of crypto.
I've just came up with a new video tutorial about POW and POS. It's pretty basic but will get you at least understanding the concepts.
I've also linked to a discussion on BitcoinTalk regarding the future of Bitcoin and Proof of Work.
I've also linked to a discussion on BitcoinTalk regarding the future of Bitcoin and Proof of Work.
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