A Conversation with Adam Back, Co-Founder & CEO of Blockstream
Bitcoin Rapid-Fire
00:00
Floating Value Coins
Some cypher punks decided to try and run an experiment. And i you know, let's this. Just try it. We can probably boot strap some value if it's really actually scarce. Because it had bucks in the name, people just treat it as a dollar. I had no redeemability. But they figured they could float a value, and new that experiment might have worked and gone somewhere. The company went bankrupt in the middle of it, and so that the double spent dato base disappeared,. So you couldn't tell any more if a coin was spent or not. Say, there's some kind of e, you know, leap there.
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