Ep. 143 Why Proof of Stake Failed & Proof of Work Is Back

Author: Joe Chui & Brian McNutt
Published: Tue 02 Sep 2025
Episode Link: https://redcircle.com/shows/c11eb79b-e68b-419a-ae44-6060f1663b3b/episodes/9282a0b1-ed7d-45c4-812c-e5ea937f64a9

In this episode of Crypto Mavericks, we sit down with Psy Protocol to explore the future of blockchain consensus and scalability. We dive into the debate of Proof of Work versus Proof of Stake, why PoS has created validator oligarchies, and how modern PoW 2.0 can reclaim crypto’s original values. Carter shares his journey from building billion-dollar PoS infrastructure to becoming a PoW maxi, and explains how Psy is using zero-knowledge proofs to break the blockchain trilemma by scaling without sacrificing decentralization or security. We also discuss why real on-chain commerce, like an “on-chain eBay,” doesn’t exist yet and how Psy’s approach could finally make it possible. Whether you’re new to crypto or deep into the tech, this conversation offers a clear look at consensus, zero-knowledge proofs, and the bold vision Psy has for the future of decentralized infrastructure.

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Guest Links:

psy.xyz

https://x.com/cmpeq

**THIS IS NOT FINANCIAL OR LEGAL ADVICE**

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Podcast Music:

Vinyl Moonlight by Pop Villains