Speaker unverified: belief

Transcript context

…These are like what you're talking about, for folks who aren't as deep into crypto communities or religious concepts? Yeah. Proof of stake is something that Vitalik started publishing about pretty early on, I think, almost right after Ethereum. Super early on. This is not a new concept. The idea with proof of stake is that instead of using this thermodynamic energy, you have a bunch of keys that represent some value in the native token itself. Based on weighting of those keys, you can then verify the consistency of the chain because that token is monopoly money. It's virtually manufactured inside this computer, but it's not real. It doesn't have this thermodynamic weight to it. It's something that you have to establish this first trust. I have to find its first Root of Trust, like my browser has VeriSign as its Root of Trust and then everything's derived from that. That first establishing a trust is this hard problem of me asking the world, hey, am I talking to the right network? Am I in the right network? That first thing is not strongly objective, it's weakly subjective. Once you bite that apple of weak subjectivity... You might as well go all the way in and start farming the orchard.…

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