Adam Back: bitcoin at $300,000 in five years- The Cryptonomist

Bitcoin - The Currency of the Internet

A community dedicated to Bitcoin, the currency of the Internet. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. A large percentage of Bitcoin enthusiasts are libertarians, though people of all political philosophies are welcome.
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Bitcoin - The Internet of Money

/btc was created to foster and support free and open Bitcoin discussion about cryptocurrency, Bitcoin news, and exclusive AMA (Ask Me Anything) interviews from top Bitcoin and cryptocurrency leaders. Bitcoin is the currency of the Internet. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Learn more about Bitcoin, Bitcoin Cash, cryptocurrency, and more.
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Adam Back: Bitcoin's Market Cap Will Reach $1Trillion By 2022 or 'Sooner'

Adam Back: Bitcoin's Market Cap Will Reach $1Trillion By 2022 or 'Sooner' submitted by ArnitaHayward to CryptoMarkets [link] [comments]

Adam Back: Bitcoin's Market Cap Will Reach $1Trillion By 2022 or 'Sooner'

Adam Back: Bitcoin's Market Cap Will Reach $1Trillion By 2022 or 'Sooner' submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Adam Back: Bitcoin is Enough, Satoshi Should Stay Out

Adam Back: Bitcoin is Enough, Satoshi Should Stay Out submitted by ShotBot to CryptoCurrency [link] [comments]

Adam Back: Bitcoin is Enough, Satoshi Should Stay Out

Adam Back: Bitcoin is Enough, Satoshi Should Stay Out submitted by Ranzware to BitNewsLive [link] [comments]

Adam Back: Bitcoin is Enough, Satoshi Should Stay Out

Adam Back: Bitcoin is Enough, Satoshi Should Stay Out submitted by InTheKnow_2016 to mrcryptolive [link] [comments]

Adam Back: Bitcoin is Enough, Satoshi Should Stay Out (x-post from /r/cryptocurrency)

Adam Back: Bitcoin is Enough, Satoshi Should Stay Out (x-post from /cryptocurrency) submitted by ASICmachine to CryptoCurrencyClassic [link] [comments]

Adam Back: Bitcoin es suficiente, Satoshi debería quedarse fuera

Adam Back: Bitcoin es suficiente, Satoshi debería quedarse fuera submitted by raaner12 to CryptoMonedas [link] [comments]

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 […]
submitted by FuzzyOneAdmin to fuzzyone [link] [comments]

Blockstream CEO Adam Back: Bitcoin is Better Without A Founder

submitted by cryptolobe to cryptolobe [link] [comments]

Blockstream CEO Adam Back: Bitcoin is Better Without A Founder

Blockstream CEO Adam Back: Bitcoin is Better Without A Founder submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

CEO de Blockstream, Adam Back: "Bitcoin es mejor sin un fundador"

submitted by CriptoinformeNews to Criptoinforme [link] [comments]

Adam Back: Bitcoin Blockchain is the foundation of the New Digital Age

Adam Back: Bitcoin Blockchain is the foundation of the New Digital Age submitted by CryptoCrunchApp to CryptoCrunchApp [link] [comments]

Citizen Bitcoin: Adam Back: Bitcoin's Past and Future

Citizen Bitcoin: Adam Back: Bitcoin's Past and Future submitted by BashCo to Bitcoin [link] [comments]

ADAM BACK: BITCOIN $100,000 PATH!! 🎯 MMT, Bitcoin Simplicity Programming Language

ADAM BACK: BITCOIN $100,000 PATH!! 🎯 MMT, Bitcoin Simplicity Programming Language submitted by FluidAttitude to btc [link] [comments]

Exclusive Dialogue with Blockstream CEO Adam Back: Bitcoin to $250,000? Turing Completeness a Mistake?

Exclusive Dialogue with Blockstream CEO Adam Back: Bitcoin to $250,000? Turing Completeness a Mistake? submitted by eviade8btc to Bitcoin [link] [comments]

Ivan on Tech - ADAM BACK: BITCOIN $100,000 PATH!! 🎯 MMT, Bitcoin Simplicity Programming Language

Ivan on Tech - ADAM BACK: BITCOIN $100,000 PATH!! 🎯 MMT, Bitcoin Simplicity Programming Language submitted by Yanlii to cryptovideos [link] [comments]

Fundador de Blockstream, Adam Back: Bitcoin pronto alcanzará los $100,000

submitted by CriptoinformeNews to Criptoinforme [link] [comments]

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.
submitted by N0T_SURE to bitcoincashSV [link] [comments]

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:
(2) Look at his profile on his Twitter home page:
https://twitter.com/adam3us
It says:
  • "inventor of hashcash"
  • "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
https://np.reddit.com/btc/comments/45121i/bitcoin_is_hashcash_extended_with_inflation/
Adam Back did not invent proof of work
https://np.reddit.com/btc/comments/46vq7i/adam_back_did_not_invent_proof_of_work/
Now, ask yourself:
  • 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.
https://np.reddit.com/btc/comments/45n462/adam_back_on_twitter_virtuallylaw_jgarzik/czyzso5?context=1
  • 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.
https://np.reddit.com/btc/comments/43oi26/lightning_network_is_selling_as_a_decentralized/
Unmasking the Blockstream Business Plan
https://np.reddit.com/btc/comments/42nx74/unmasking_the_blockstream_business_plan/
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 rejects Satoshi's vision of "p2p electronic cash";
  • he is dishonest about his academic achievements;
  • 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.
submitted by defconoi to btc [link] [comments]

Adam Back: Bitcoin Block Size Increase in Mid-Term is Possible

Adam Back: Bitcoin Block Size Increase in Mid-Term is Possible submitted by jeffrexsave to Bitcoin [link] [comments]

Adam Back: “Bitcoin 50 bin dolar hedefi çok uzakta değil”

Adam Back: “Bitcoin 50 bin dolar hedefi çok uzakta değil” submitted by yuksel1977 to koinmedya [link] [comments]

According to Adam Back, Bitcoin Cash cannot scale because it has no lightning network.

According to Adam Back, Bitcoin Cash cannot scale because it has no lightning network. submitted by WalterRothbard to btc [link] [comments]

Adam Back - Privacy & The Next Soft Fork Why Bitcoin Now: David Chaum and Adam Back Reflect on the ... ADAM BACK: BITCOIN $100,000 PATH!! MMT, Bitcoin Simplicity Programming Language Adam Back on a Decade of Bitcoin - YouTube Adam Back Thinks Recent BTC Move Wasn't Satoshi

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 ...

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Adam Back - Privacy & The Next Soft Fork

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...

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