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Crypto’s Fatal Flaw: Trust, Scale, and the Economics of Blockchain
Manage episode 474509491 series 3531228
Content provided by Becker Friedman Institute at UChicago. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Becker Friedman Institute at UChicago or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Crypto’s most groundbreaking innovation, permissionless consensus, may also be its greatest vulnerability. In this episode, Chicago Booth economist Eric Budish breaks down the core mechanics of blockchain trust, the staggering energy costs behind mining, and why these systems are fundamentally exposed to majority attacks. Tune in for a deep dive into the economic limits of cryptocurrencies, and what they mean for the future of decentralized finance.
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Manage episode 474509491 series 3531228
Content provided by Becker Friedman Institute at UChicago. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Becker Friedman Institute at UChicago or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Crypto’s most groundbreaking innovation, permissionless consensus, may also be its greatest vulnerability. In this episode, Chicago Booth economist Eric Budish breaks down the core mechanics of blockchain trust, the staggering energy costs behind mining, and why these systems are fundamentally exposed to majority attacks. Tune in for a deep dive into the economic limits of cryptocurrencies, and what they mean for the future of decentralized finance.
101 episodes
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Similar to The Pie: An Economics Podcast
Interviews with Anthropologists about their New Books Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/anthropology
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continue reading
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…
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