Bitshares, Steem and EOS all share the “delegated proof of stake” blockchain architecture. I’ve found it to support community and scale to support mass adoption.
Before his blockchain days, Luke built an online shopping cart named FoxyCart which was later rebranded to Foxy.io. What started off as a “weekend project” turned in to a 10-year business venture with a partner of his. Luke recently sold his stake in Foxy.io and now his sole income relies on “chasing virtual internet tokens”. Risky? Maybe, but Luke wanted to follow his new passion and has gone head-first into crypto and blockchain and for him, there’s no turning back.
In this episode, we discuss the Delegated Proof of Stake technology and the role that both Witnesses and Block Producers play in securing the blockchain. We also chat about the concept of “voluntary inflation” and how new money creation, if used correctly, can actually build and support a community rather than decrease the value of everyone’s money over time (which is what happens when governments print and inflate the money supply).
This episode offers a mix of economics, politics, technology, philosophy all intertwined with the foundation of the Non-Aggression Principle. We may even chat a bit about Ron Paul for those of you who remember the 07-08 and 11-12 campaigns. I don’t know about you, but that was my entry point in to personal liberty.
I hope you enjoy this episode as much as I did. Luke was one of the main reasons that I found out about Delegated Proof of Stake and I too dove head in. I’m really glad to see him so active in the EOS community. The smartest minds in crypto are in EOS.
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