Proof of Work vs Proof of Stake From a Socialist POV


After being pulled in many different directions the past couple of months, I’ve finally had time to record this episode which was based on the results of the last patron poll. This one also required a little bit more research and thinking on my part because it started to get more complicated the more I thought about the similarities and differences between proof of work and proof of stake.

The imperfect analogy that I settled with as a way to think about this was to think of proof of work as industrial capitalism and proof of stake as financial capitalism. While these two consensus mechanisms are very different, especially in terms of energy output and equipment needed, they both largely only work because of the societal mode of production in which they reside in. They only work because of capitalism at large but there are important differences.

You can access the full episode through Patreon or below through the Unlock Protocol integration by purchasing a one month TBS Membership NFT for 10 BREAD which can be created through the Breadchain Crowdstaking Application for 10 DAI on Polygon. Note that this mechanism works similarly to Patreon in that it is a subscription paid monthly (every 30 days). For however long the membership is paid for is how long you will have access to all of the token gated content on the website.

CLICK BELOW FOR ACCESS TO THE FULL EPISODE

▼▼▼

Liked it? Take a second to support The Blockchain Socialist on Patreon!
Become a patron at Patreon!
, ,

Enable Notifications OK No thanks