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.
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!
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!🙏❤️
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! 🧡🧡
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.
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.
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?
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.
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
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.
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.
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.
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
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.
Still struggling to see the clarity in some of these arguments, some amount of watts go in to the stake system as well via conversion of economic activity into fiat into eth? Any super realistic computer game rendering demands a lot of physical power in the form of watts
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.
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.
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.
@@OPIXdotWORLD if I was verifying block times as a peer miner or whatever, why wouldn’t I use the max time stamp from the last block to create the biggest revision down in difficulty and I could wipe blocks out faster and faster?
@@caesars7hills892 a) why r u verifying block times ? no real need... b) what is "the max time stamp"? c) what do u mean..." create the biggest revision " ? d)what do u mean.."wipe blocks out "?
@@OPIXdotWORLD Ok, the difficulty adjustment is made every 2 weeks. It is based on real world time. How is this time determined? If it is determined by gossip from the nodes, is anyone incentivized to lie? I would say miners would like to say that the time took longer than it did in the real world. This will allow the difficulty adjustment to reduce artificially. This will allow miners to complete blocks very rapidly. That is my concern.
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 would not talk like this on a first date lol I think this totally explains the power of Bitcoin while at the same time explaining why it might take some time for the general public to get it….
This kind of stuff being free to watch on the internet is truly amazing.
Not only are we lucky to have Jason, we need him.
And Preston 😎
Jason lowery is a modern day hero
We don't need him, or anyone. But I do appreciate his work.
need implies lack of decentrali2ation / single point of potential failure
I'm glad he's on OUR side.
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.
I know, right!? It's like re-orange pilling yourself.
Probably the best interview I've listened to in over 5 years.
Damn right
I almost never do this, but this is one of those rare times I'll have to listen again, back to back.
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.
He's basically been doing that on Breedloves channel
Absolutely stunning conversation.
Outstanding indeed. Just right on the money.
Magnificent. Thank you for doing this Jason and Preston!
Thank God for Jason Lowery! The depth of knowledge that flows from this young man’s mind is simply amazing!
Mind fully blown.
Without doubt the best articulation of the merits of PoW i have seen
EPIC! MUST WATCH!!! Thank you Preston and Jason!
Just when I thought I understood everything about Bitcoin.. this is amazing content.
Cutting edge thinking, absolutely grounded in reality and logic. Fantastic to listen to
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
Can you list the Top10 please? Would be really interested to see it. Thanks
what are the other ten?
I’ve compiled a similar list and would love to see yours
2 of my favorite guys to listen to. Thanks Preston and Jason!!
I’ve listened to this 3 times over the last year and it gets better every time.
Great high level convo
Fantastic conversation. Thanks Preston and Jason!
I keep coming back to this interview and it keeps blowing my mind 🤯
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.
Need to watch this several times. Mind blowing.
Good shit Jason, best explanation on computer and software abstraction i have ever heard.
Thank you, Jason. I have just begun my journey down the rabbit hole. Wow, this interview has opened my eyes.
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!
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!🙏❤️
lots of wow moments. Thank you guys.
Wow! This, indeed, is one of the best interviews I've watched! Saved for future re-watching. Thank you gents. Cheers!
I just rewatched this amazing episode, which is stille one of the best content about Bitcoin
Always fascinating listening to Jason and Preston discuss PoW vs. PoS.
This is a brilliant interview and inspires what I want to do professionally. Great work, thank you
Thanks so much for this great conversation!!!
Incredible conversation.
This is great. Listening to Jason makes me want to get some more hashpower
Masterpiece podcast to keep in the shelve with what is money show Saylor/Breedlove… 🙏🙏🙏thank you so much gentlemen’s !
Thank you gents!! Excellent stuff.
Jason is incredibly intelligent & knowledgeable. Great to see how interested he is in these subjects
This is one of the most informative and useful discussions I have heard. Thank you to Jason and Preston for putting this out!
Jason is king
God King
Mind blowing! Thank you!
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! 🧡🧡
Great. Good explanation of pow
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.
Eth is crap.
@@robertrichards4930 That's why the community is slowly moving to Ethereum Classic
Thanks for your effort guys, great video
This was mind blowing. Excellent conversation.
🤯🤯🤯🤯🤯🤯The deeper I go, the more steadfast I get. Profound stuff, 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.
Amazing chat
Excellent discussion. Many thanks..
Is Entropy the decentralization mechanism of energy?
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?
Mind blown!🤯
the best podcast breakdown philosophic ideas
Most interesting video I’ve ever seen on pow vs pos. Amazing!!
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.
Incredible - thank you, Jason!
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
I hope you have taken the time to read the thesis now that it's published
Brilliant discussion, very philosophical and interesting comparisons
Need more of this
Elite interview, Jason does a great job of explaining the basis of human society and how exponentially impactful bitcoin is and will be
Mind opening. Thanks gents.
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.
Thank u for providing this amazing interview!!!
Finally more Jason P Lowery content!
Power projection is fueled by the Power of knowledge 💪🏾🔥
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.
Preston is good cuz he listens.
The Keys to the Kingdom. Pow!
Loved this you Blokes, well done!
This is blowing my mind
Sweet. Confirmation is wonderful 👍
Wow! Just wow!
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.
we need this guy talking with Michael Saylor on a podcast
So good!!
Dude is so smart and a joy to listen to. Can’t believe this shit is free!!
OneLove…
what Preston says at 1:53:00 is profound
thank you guys for the wonderful intellectual presentation and the clarity of your message. you and others are my god kings😁
wow..I want to send this out to everybody I know...but they just won't get it...I barely get it
How do we get Jason to speak to the US congress?
Should we start contacting senator Lummis?
A conversation at the highest level of human intelligence
Epic
Thank you 🙏 This is just the information i was looking for 👍 Watching the Michael Saylor episode next.
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.
Mind continuously expanded. Holy sh*t.
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
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.
Why does everyone have car insurance?
@@BugInJim good point
@@BugInJim because we have a crooked system run by crooks
third party trust ?...say no more... who can u trust to really verify gold that is not in your own hands...?
@@OPIXdotWORLDtrue
What do you think of a hybrid layer 1, primarily POW with stretch capabilities on POS? That should help address the blockchain tri-lemma
When I listen to Jason, Preston, Saylor, Saif, Breedlove… I realize my brain is a 4 cylinder rustbucket while these guys are rolling a v12 sedan! 🤯
01:23:34 Regarding Nations printing fiat to gain more stake. couldnt they print fiat to build more solar farms too and get more pow? thx
with this you just increase the demand for solar farms which increases the price. So at the end you have to buy solar farms for infinite price.
Still struggling to see the clarity in some of these arguments, some amount of watts go in to the stake system as well via conversion of economic activity into fiat into eth? Any super realistic computer game rendering demands a lot of physical power in the form of watts
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.
GOD DAMN
Jason the GOAT
fucking love this guy !
Did he write a book ?
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.
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.
The domestication of men in America is intentional. J. Peterson speaks to this as well. Great insight Jason.
Humans self-domesticated over thousands of years.
@ 1:35:50 -ish LOVE Jay's smile 😃!!
If bitcoin doesn't have a tie to the "physical" world, how does it do the difficulty adjustment? It must have some kind of reference to a wall clock.
total block count versus total time since last readjustment and algo determines if the difficulty should be higher or lowered...
system has "built in clock"... based on "gossip from nodes" via block times recieved
@@OPIXdotWORLD if I was verifying block times as a peer miner or whatever, why wouldn’t I use the max time stamp from the last block to create the biggest revision down in difficulty and I could wipe blocks out faster and faster?
@@caesars7hills892 a) why r u verifying block times ? no real need...
b) what is "the max time stamp"?
c) what do u mean..." create the biggest revision " ?
d)what do u mean.."wipe blocks out "?
@@OPIXdotWORLD Ok, the difficulty adjustment is made every 2 weeks. It is based on real world time. How is this time determined? If it is determined by gossip from the nodes, is anyone incentivized to lie? I would say miners would like to say that the time took longer than it did in the real world. This will allow the difficulty adjustment to reduce artificially. This will allow miners to complete blocks very rapidly. That is my concern.
Jason will become the Carl Sagan of cyberspace one day.
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 would not talk like this on a first date lol I think this totally explains the power of Bitcoin while at the same time explaining why it might take some time for the general public to get it….