Can someone explain this problem that Daniel Larimer raises about Bitcoin?

Started by Frodo03, August 27, 2014, 11:29:40 AM

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Frodo03

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August 27, 2014, 11:29:40 AM Last Edit: August 27, 2014, 11:36:10 AM by Frodo03
He starts talking about the issues with Bitcoin mining and PoW at 1:01:20 and goes until 1:03:34. Only a few minutes long.

https://www.youtube.com/watch?v=tBcJ5rsAGaI

Anyone care to "dumb down" what he's saying? I'm still new to crypto, if you can't already tell.

Thanks :)
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