Proof of Waste & Chia w/ David Gerard
Bestselling author, David Gerard, goes in-depth into a seemingly harmless idea that has wreaked havoc on the hard drive market. The creator of the highly successful file-sharing software, Bram Cohen, gains new notoriety with his latest invention in the blockchain space. Chia is a mining-based distributed system, much like Bitcoin, but with a seemingly positive new contribution. Rather than wasting the electric capacity of Iceland, Chia purports to be the eco-friendly solution. With a reward system enticing to any consumer with a computer or a phone, it seems too good to be true. David Gerard talks proof of work vs proof waste, Tether, NFTs, crypto-investors' psychology and the blockchain industry as a whole. Much of this interview talks about his 2017 book, "Attack of the 50 Foot Blockchain", a bestseller that brought much needed skepticism towards crypto. His latest book. "Libra Shrugged", details the attempt of Facebook to try to take over money. Both are available on Amazon. Find more from David Gerard: https://davidgerard.co.uk/blockchain/ https://davidgerard.co.uk/blockchain/book/ Follow him on Twitter: @davidgerard https://twitter.com/davidgerard His recent blog on Chia: https://davidgerard.co.uk/blockchain/2021/05/23/foreign-policy-chia-is-a-new-way-to-waste-resources-for-cryptocurrency/ Want to come on the podcast? Reach out to me at aviv@blacktieconsultants.com Special thanks to the r/buttcoin community for encouraging skeptical inquiry. And special thanks to @Bitfinexed, my good friends Robin and Gavin, @CasPiancey and another big thanks to David for a great read and a great interview! Upcoming podcasts: Amy Castor talks NFTs! Buttcoin Redditor discusses Microstrategy & Will Bitcoin Save us from Inflation? As well as a very special secret guest who may be a moderator on our favorite subreddit. --- Send in a voice message: https://podcasters.spotify.com/pod/show/when-the-music-stops/message