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"In practice, the Proof-of-Stake approach proves to be problematic in systems where the coins \u201cat stake\u201d were not created through Proof-of-Work."\nToday we explore how Proof-of-Work enables the Bitcoin system to achieve consensus without any central point of control.\xa0 Concluding\xa0Section 5\xa0of the incredible Thesis by\xa0iterative.capital, "Machine Consensus Via Proof-of-Work."\nFeel free to send some satoshis or open a channel with the official\xa0Cryptoconomy.Life\xa0Lightning Node:03609e92ab6dff378b6a7aca6f856bf5e9d56cadd622bd402a9b03d9a583c817b5@45.37.168.76\nDonate Bitcoin to help the show & provide Liquidity for my #Lightning Node:31sBReBuAA9QznVRRrcsjdGp9oc4ajnS4t\n\nSupport the show:Shop.Trezor.io Affiliate LinkThe Drunkard\u2019s Walk: How Randomness Rules Our LivesMastering Bitcoin\n\n--- \n\nSend in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message