Adam Back: bitcoin at $300,000 in five years- The Cryptonomist
Adam Back: bitcoin at $300,000 in five years- The Cryptonomist
Adam Back: Why The Originator Of Bitcoin Should Stay ...
New theory claims Adam Back is Satoshi Nakamoto - Decrypt
Adam Back Denies Being Bitcoin Creator, Claims No One ...
Bitcoin Prognose: Adam Back vermutet BTC Kurs bei $300.000
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Adam Back: Bitcoin is Enough, Satoshi Should Stay Out
In a Cointelegraph interview, Adam Back provided additional clarity on his perceived Bitcoin (BTC) maximalism. Blockstream’s CEO believes that Bitcoin is enough and there is no need for a multitude of derivative projects. Back said, “I think it’s like TCP/IP the internet exists. We don’t need 5800 TCP/IP copies trying to monetize and profiteer off […]
Adam Back: "Bitcoin was created in Windows, which is atypical" and "Satoshi most likely was just one person".
Here is the link to the video. It is almost unwatchable because Adam Back is the worst speaker ever, but when you listen to it, you'll realize that his description of Satoshi Nakamoto matches Craig Wright.
Facts about Adam Back (Bitcoin/Blockstream CEO) you heard it right, he himself thinks he is in charge of Bitcoin.
Via: u/ydtm Who is Adam Back? Why do people think he's important? If he hadn't convinced some venture capitalists to provide $75 million to set him up as President/CEO of Blockstream - would he be just another "nobody" in Bitcoin? Consider the following 4 facts: (1) Go to the list of Bitcoin "Core" contributors do a Find for "adam": https://github.com/bitcoin/bitcoin/graphs/contributors Hmm... Apparently, he is not a Bitcoin "Core" dev. Here is his GitHub page: https://github.com/adam3us Hmm... zero contributions zero repositories Now, ask yourself:
Do you want a "leader" for Bitcoin?
If you do want a "leader" for Bitcoin... Do you want someone who has never contributed any code for it?
What gives him the right to position himself as a "leader" at a roundtable in Hong Kong with Chinese miners?
"bitcoin is hashcash extended with inflation control"
Both of these statements have been publicly exposed as false - but he still refuses to take them down.
" 'Bitcoin is Hashcash extended with inflation control.' ...[is] sort of like saying, 'a Tesla is just a battery on wheels.' " -- Blockstream's Adam Back #R3KT by Princeton researchers in new Bitcoin book
Do you trust someone who puts false statements like this on their Twitter profile?
(3) Recall his history of failures regarding Bitcoin: He was personally informed by Satoshi about Bitcoin in 2009 via email - and he did not think it would work. He did not become involved in Bitcoin until it was around its all-time high of 1000 USD, in November 2013.
He opened his Github account within 48 hours of Bitcoin's all-time high price. Presumably he sat and watched it go from zero to 4 figures before getting involved.
Why didn't Adam understand the economics of Bitcoin from 2009 until 2013?
If you want a "leader" of Bitcoin, do you think it should be someone who didn't understand it for 4 years?
Do you think he can really understand the economics of Bitcoin now?
(4) Adam wants to radically "fork" Bitcoin from Satoshi's original vision of "p2p electronic cash" and instead encourage people to use the highly complicated and unproven "Lightning Network" (LN). However, unfortunately, he hasn't figured out how to make LN decentralized.
Lightning network is selling as a decentralized layer 2 while there's no decentralized path-finding.
If Adam wants to reject Satoshi's vision of Bitcoin as "p2p electronic cash" plus increased "max blocksize" - don't you think it would be better for him to experiment with an alt-coin, rather than radically "forking" Bitcoin away from Satoshi's roadmap?
It's time for people to start asking some serious questions about Adam Back:
about his lack of contributions to the Bitcoin codebase;
about his unethical style of communication;
about his rejection of Satoshi's vision for Bitcoin;
about his lack of understanding of economics, p2p, and decentralization.
Bitcoin was never even supposed to have a leader - but somehow (because some venture capitalists and Adam found each other), now we apparently have one: and it's Adam Back - someone who never contributed any code to Bitcoin, never believed in the economics of Bitcoin, and never believed in the decentralization of Bitcoin. Whether you're decentralization-loving libertarian or cypherpunk - or a Chinese miner - or just someone who uses Bitcoin for your personal life or business, it's time to start asking yourself:
Who is Adam Back?
Why hasn't he contributed any code for Bitcoin?
Why is he lying about Bitcoin and HashCash on his Twitter profile?
Why did he fail to understand the economics of Bitcoin from 2009 to 2013?
Does he understand the economics of Bitcoin now?
If he rejects Satoshi's original vision of "p2p electronic cash" and prefers a centralized, "Level-2" system such as Lightning Network, then shouldn't be doing this on some alt-coin, instead of radically "forking" Bitcoin itself?
If he hadn't convinced some venture capitalists to provide $75 million to set him up as President/CEO of Blockstream - would you still be listening to him?
Bitcoin was supposed to be "trustless" and "leaderless". But now, many people are "trusting" Adam Back as a "leader" - despite the fact that:
he has contributed no code to Bitcoin "Core" - or any other Bitcoin code repository (eg: Classic, XT, BU);
he never believed in Bitcoin until the price hit $1000;
he is dishonest about the Lightning Network's lack of decentralization.
Maybe it's time for everyone to pause, and think about how we got into this situation - and what we can do about it now. One major question we should all be asking:
Would Adam Back enjoy this kind of prestige and prominence if he didn't have $75 million in venture capital behind him?
There is, of course, a place for everyone in Bitcoin. But Bitcoin was never about "trusting" any kind of "leader" - especially someone whose main "accomplishments" with Bitcoin have consisted of misunderstanding it for years, and now trying to radically "fork" it away from Satoshi's vision of "p2p electronic cash". TL;DR:
Adam Back's history with Bitcoin is a long track record of failures.
If he hadn't convinced some VCs into backing him and his company with $75 million, you probably wouldn't have ever heard of him.
So you should not be "trusting" him as the "leader" of Bitcoin.
Bitcoin Adam Back: bitcoin at $300,000 in five years. By Marco Cavicchioli - 3 Jun 2020. In a recent interview with Bloomberg, the CEO of Blockstream Adam Back said that bitcoin could reach $300,000 in value within five years. The interview was mainly focused on the hypothesis that Black is actually Satoshi Nakamoto, but the CEO of Blockstream denied this hypothesis again saying that it would ... Adam Back has a long history with Bitcoin that dates all the way back to protocols he wrote in the 1990s. He was an influence on Nakamoto, and he continues to be influential in the Bitcoin community today as the leader of Blockstream. While much of the criticism leveled at him and Blockstream has been unfair, it’s still reasonable to say his company plays a big role in Bitcoin development ... Adam Back Denies Being Bitcoin Creator, Claims No One Knows Satoshi Nakamoto's True Identity. Nicholas Otieno Aug 19, 2020 11:15 3 Min Read. Copied. On the latest episode of the Unchained podcast, David Chaum, the CEO of Elixxir and inventor of eCash, and Adam Back, the CEO of Blockstream and inventor of Hashcash, discussed their involvement in the digital currency before Bitcoin existed. Adam ... Warum Bitcoin laut einem langjährigen Befürworter bis 2025 $300.000 erreichen könnte. In einem Gespräch mit Bloomberg am 1. Juni sagte der CEO von Blockstream, Adam Back, dass er glaubt, dass Bitcoin innerhalb der nächsten fünf Jahre 300.000 Dollar erreichen wird. Dies entspräche einer Rallye von etwa 3.050% gegenüber dem aktuellen Preis. A new theory has been put forward which claims Blockstream CEO Adam Back is Satoshi Nakamoto, the pseudonymous inventor of Bitcoin. The theory, laid out in a video entitled ‘Bitcoin - Unmasking Satoshi Nakamoto,’ was posted on May 11 by YouTuber Barely Sociable.. The video draws comparisons between Adam Back and Satoshi based on the trail of breadcrumbs left by Satoshi before he ...
David Chaum, the inventor of eCash and CEO of xx network, and Adam Back, the inventor of Hashcash and the cofounder and CEO of Blockstream, discuss their inv... Cryptographer and inventor of Hashcash, Adam Back, does not think recent transactions from the 11-year-old wallet involve pseudonymous Bitcoin ( BTC ) creator Satoshi Nakamoto."People need to ... ️ Free Cryptocurrency Masterclass: http://class.cryptonewsalerts.net Blockstream CEO Adam Back says he believes retail investors alone can push the Bitcoin ... THE BITCOIN PRICE - IS ADAM BACK SATOSHI - WOULD WE GO ALL IN AGAIN AND HOW DO WE CALCULATE IT? - Duration: 20:36. The Bitcoin Family 1,522 views. 20:36. Bitcoin at 10: In Conversation with Adam ... Adam Back and Juan Galt talk about the next soft fork, "Taproot and Schnorr" and taking Bitcoin to the next level of fungibility. Donate Bitcoin: 3NqhJSAikoF...