Co-founder Jake Yocom-Piatt discusses alternate stores-of-value to Bitcoin
- Jake Yocom-Piatt got into Bitcoin in 2013 before getting "bored"
- He is a Co-Founder of Decred, the alternate store-of-value claiming to be superior
- We talk PoW vs PoS, flaws of Bitcoin, what the future holds and more
I love Bitcoin.
Having said that, I definitely don’t consider myself a Bitcoin maxi. I enjoy listening to different viewpoints and arguments against this magic Internet money, and my portfolio is diversified among many assets.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.
This is what is interesting about Decred Co-Founder and Project Lead Jake Yocom-Piatt. Decred purports to be a community-driven, superior store-of-value than Bitcoin. We sat down with Jake for a pretty intriguing interview about Bitcoin, Decred and more. He has written code that has been used in the composition of several Bitcoin-related projects, including the creation of Lightning Network Daemon, and claims after getting into Bitcoin in 2013 that he got “bored of it”.
Of particular note is the hybrid Proof-of-Work/Proof-of-Stake mechanism that Decred utilises, which Jake claims offers the best of both worlds and minimises the trade-offs. With all the talk about the advantages and disadvantages of Proof-of-Work, it was fun to discuss this with someone so close to the ground on this much-debated topic in crypto.
For any Bitcoin doubters, this will likely serve as an interesting watch for obvious reasons. But so, too, for the mega-bulls; it’s always educational to open your mind to both sides of the argument, and Jake and I even discussed the mindless tribalism, and stubborn refusal to debate, that is often seen in this otherwise-wonderful industry.
The full interview is below – enjoy!
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- Capital.com, simple, easy to use and regulated. Register here >
*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.