In Today’s Episode of Essential Investing, The Founder Of Ethereum, Vitalik Buterin reveals exactly why he made the Risky Decision To Transform The Ethereum Network from a Proof of Work to a Proof of Stake system despite criticism.
Vitalik Buterin's opinion is then challenged by one of the world’s largest holders of Bitcoin, Michael Saylor. Michael Saylor lays into Vitalik Buterin, Ethereum & Proof of Stake because he does not believe it is as secure & effective as Bitcoin’s Proof of Work system for creating sound money.
In the comments below, let us know what points you agree with & disagree with from our guests & which crypto you think is the best!
0:00 Introduction to Vitalik Buterin & Michael Saylor 0:45 Vitalik Buterin discusses future plans for Ethereum 1:00 Vitalik Buterin explains why he likes Proof of Stake more than Proof of Work 4:10 Lex Freidman questions Vitalik Buterin on the safety of Proof of Stake 6:45 Vitalik Buterin explains the process of what would happen in an attack on the network 8:59 Michael Saylor discusses why crypto has to run on Energy with Proof of Work 9:35 Michael Saylor discusses the problem with Proof of Stake & Ethereum 11:52 Michael Saylor reveals the real reason people are protesting Bitcoin's energy consumption 13:30 Michael Saylor reveals the biggest problem with Ethereum & why its nothing like Bitcoi
