Proof-of-Work to Proof-of-Stake — Vlad Zamfir on Ethereum’s ‘Casper’
How does systems designer Vlad Zamfir plan to migrate a multi-million dollar crypto network from one mining type to another? What might be lost in the process, and what might be gained? What is not yet decided? Questions submitted by viewers via r/TheDailyDecrypt and r/Ethereum.
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Show links:
Vlad’s blog regarding Casper: https://blog.ethereum.org/2015/08/01/introducing-casper-friendly-ghost
Daniel Larimer of Bitshares’ critique of PoS: https://bytemaster.github.io/2015/08/08/Review-of-Casper-Ethereums-proposed-Proof-of-Stake-Algorithm
Questions submitted via The Daily Decrypt subreddit: https://www.reddit.com/r/TheDailyDecrypt/comments/460hgc/i_have_an_upcoming_interview_with_vlad_zamfir
Questions submitted via Ethereum subreddit: https://www.reddit.com/r/ethereum/comments/460hx5/i_have_an_upcoming_interview_with_vlad_zamfir
Coin anlysis of Ethereum: https://www.cryptocompare.com/coins/eth/overview
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One of the best interviews into Ethereum tech ive seen. An interviewer with insight and charm asking great questions that make the interloquetor feels home.
Sounds like a Huge Greed and Power Trip by the guys at the top for sure. Rich get richer and can do what they want with the coin
don't you give up control of your coins when you stake your coins to create a masternode?
So basically we're using the term "validators" instead of "banks". Right?
Love the user names on Reddit
Its so refreshing to have a girl in this industry, thank you 🙂
im donating my hashing power for this guy to cut his hair
I'm more of a researcher… lol….yeah sounds important… saving cancer important? No douche stfu.
Proof of stake is a scam.
I don't see any skeletons in his closet… hope it will stay like that 😀
so, in addition to losing money (as a disincentive to misbehave as a validator) is there also the removal of your validator 'license' – you can't play the validator game any more?
This channel is awesome
Snooze fest.
Well, it's been over a year since the intro to POS. As someone who's been in BTC (since 2011) and other cryptos as they launch, Vlad's answers, and general ideas and motivation for switching to POS are 1) the antithesis of the philosophy behind cryptos and 2) a recipe for failure. 3) Speculation has caused an inflation in ETH price, shortage of hardware, and more importantly 4) is a thinly veiled scheme to inflate the value of their own holdings indefinitely. These are folks who believe decentralized currencies should be free of manipulation of from the powers that be; state/gov actors who have an arsenal of tactics at their disposal to inflate or deflate prices while benefitting themselves. Well, POS, at it's core, is 1) control 2) inflation if their own wealth in perpetuity 3) centralized control and power over it. Want to watch ETH die? Pay attention when they force POS. Vlad speaks like a freshman research assistant who isn't even sure of his own general statements. Hard fork it
Hey bitcheeees
I know this video is old, but great work on structuring the questions/topics so the interview flowed really well.
Listen up people not everybody is gifted in all areas. Look in the mirror.
lol. eli5
I Don't like the idea of "Proof of Stake". The entire concept breads hoarding of currency rather than robust commerce. There's nothing stopping nation states from printing unlimited fiat currency and buying major swaths of economic stake. Essentially "Proof of Stake" allows banks and governments to enter the cryptocurrency financial world. This system rewards individuals and entities that already own lots of cryptocurrency. It also lends itself to major manipulation considering that they're devising a complicated process whereby only a select few (i.e. Banking Cartels, The Wealthy & Crypto Developers ) control the currency just like centralized banks already do. This is NOT good for Ethereum or any other cryptocurrency…
mathematical statistics, yeah
The daily brainwashed bitchez…
If a node gets the stake stolen, then the hacker will be able to run a validating node. No way to censor stolen funds.
He forgot to say, Bitcoin mining creates business interest divisions BUT also adds security, 4.6 exa hashes per second in Bitcoin. Will I have the same secuity just because a node pledged some ETH?
Amanda dont' look straight into his eyes you're causing him to lose focus
All I know is that Amanda is HOT!!!!!!!
Are these people using Economics or are they inventing all by themselves?
I see Evans ginger pubes in your teeth
Is she from the 1960's Star Trak, or just part of the women's movement who have nothing to lose.
Hey Amanda beautiful, smart girl you are! Question Please let me know asap as I'm looking to invest in a gpu rig when will etherium be no longer minable with GPU's?
Pos = ethereum doomed… At least if its the way he explains it. Words like hard fork should not even be part of the vocabulary.
This Ethereum stake sounds expensive and risky, I don't think many people would want to stake.
she's hot
man! This girl is so sharp! :)) Such an amazing interview, thank you 🙂
I must of watched that into 7 times now… welcome to the daily decrypt bittchhess… Amanda you rock.
is she interviewing a human or a computer generated voice that can't quite sync to a normal speaking cadence?
subscribed. thanks!
Wonderful show, subbed to both channels
I do want this guy designing my video games. I don't want this guy designing my financial systems.
good questions you asked.. good work..
What was Vlads twitter account?
Will the stake (deposit) start out close to the 2014 prebuy rate due to the number of investors with BTC?
Or will this be closer to the everyman that just bought in with 20usd worth ?
Btw,what was the prebuy price and payout ?