BTC022: Dr. Adam Back & Bitcoin's Proof Of Work
ฝัง
- เผยแพร่เมื่อ 5 พ.ค. 2024
- On today's show I talk with Dr. Adam Back. Adam is a Bitcoin core developer, inventor of Proof of Work, and CEO/founder of Blockstream. On the show we talk about his early developments and where he's taking Blockstream in the future.
IN THIS EPISODE, YOU’LL LEARN:
0:00:00 - Intro
0:01:01 - How did Dr. Back discover Proof of Work (PoW)?
0:25:15 - Is Proof of Work a vital component of Bitcoin's price floor
0:27:21 - Blockstreams new initiative into mining
0:31:42 - How mining can reduce volatility while still capturing significant upside
0:36:25 - Blockstreams new issuance of a debt note that pays Bitcoin coupons
0:38:32 - Using digital tokens on liquid for registry purposes for the note
0:55:58 - Dr. Back's thoughts on the Bitcoin contango trade
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Thank you Adam we know who you are and what you've done for the world 🙏🏼
We must protect this man
hehe
Adam Backs voice is great to listen to right before you fall asleep. Very calm and pleasant.
I had to drop everything I was doing tonight and watch this, was blown away thanks for hosting Adam he is a bloody legend we wouldn't have bitcoin without him!
A legend? He only invented it!
@@markpalmer8083 What good does this message bring to the world outside of painting a target onto someones back?
Great interview, thanks guys! And thanks for your contributions to what became bitcoin, Adam.
Thanks for inventing it
Who better to explain Bitcoin.
It's always wonderful to hear from Satoshi himself.
Why do you think he's Satoshi?
Bro so true 😂
hehe
@@charliewalter1274 because of the several dozen "coincidences" that convince me that he is satoshi
One day he'll admit it. He's obviously Satoshi.
Hey look its Satoshi Nakamoto
I think I see it as well... maybe a combination of Adam Back, Hal Finney, and Len Sassaman
No its Len Sassaman
hehe
Adam has such incredible empathy. The way he channels the spirit of Satoshi and can so eloquently discuss things as they would be from Sitoshi's position is nothing short of amazing.
@@dogshiin feelin like you missed my dripping sarcasm lol
@@cryptolion3357 what good is cryptocurrency if the government can ultimately control your access to it?
Lmao
Solid comment
Maybe he is Satoshi , never mo
GFY
Mind blowing.
Crazy smart guy
The genius “Adam”
There are certain points in this video where Back says something ‘i did this thing in research…’ and then ‘thats what bitcoin does’
Hes basically telling us Nakamoto is his pseudonym
Satoshi Nakamoto is on the line
Cool to see satoshi speak
How does this currency pan out if the government institutes a "great firewall", like another country we know?
With btc the power is transferred back to private control instead of gov run presses. I wouldn't imagine the gov will appreciate losing that control. Does something stop them from just...taking that control back at some point? What good is a currency if your access to it can be controlled?
ive been saying that since it was $13 and I was 16 years old. Invested in crypto first time today.
4k views in 2021... and people say its too late to buy bitcoin
@Cole-Con O Buy DOT / BTC and never sell.
hehe
@Cole-Con O The best investment advice is to put your money into things that change the way people live for the better. Bitcoin will be the reserve currency of the cyberspace, so hold that long term. Ethereum is interesting so buy a little of that. Otherwise, inflation goes up every year, so capital injection will always occur in many assets, and the rich will usually invest in things that change the way people live for the better, so that will raise the price too. Buy in and hold. Buy every dip. The majority of things are not to invest in, just a few. Look at what each company etc is doing, ignore what they say. ie. Cardano is like ethereal but open source, so that seems cool, which is why it's rising, but in actions, nothing much is happening and they are still too slow etc. so don't buy that. That's all
@@satoshinakamoto7253 I echo this 100%. Polkadot much better than cardano and 2/3 the market cap
NICE
Thank you!
Hi Satoshi
Hey Satoshi
Dr Back talks really lazily, just like me. Maybe I'm a genius who will change the world too.
I hope you do go on to change the world for the better, but the “laziness” with which one speaks has nothing to do with any qualities generally possessed by geniuses.
You got the smol peep he’s got the big peep
If Adam back is satoshi, satoshi is a traitor. He capped the block size so that blockstream could exist and try to centralize bitcoin with the lightning network
I heard Adam is really bill gates!
LN doesnt centralize btc at all
I don't think a hard fork early on in the rise of bitcoin would have been favorable
Regardless, LN doesn't centralize btc. Be better Duke
The block size is supposed to stay small to ensure decentralisation, and Blockstream exists to help make Bitcoin available everywhere at high speed. Different chains also exist with various fee structures (ie. long term investors vs traders).
@@satoshinakamoto7253 Thank you Satoshi, you have once again explained it for us