Adam Back, an expert in blockchain scaling and mining hardware, and James Macedonio discuss topics such as building ASICs, testing the reliability of mining rigs, layer 1 bitcoin scalability, drivechains, and the need for more scripting on layer 1 for Bitcoin. They also explore the economic competition and technological advancements in Bitcoin mining, shortage of hosting capacity in the industry, analyzing Bitcoin mining hardware, channel splicing for layer two scaling, and the controversy around drive chains as a scaling solution.

Join Cathie Wood, founder of ARK Invest, and Adam Back, a Bitcoin pioneer and CEO of Blockstream, along with Matt Corallo, a prominent Bitcoin developer, and Matt O'Dell, a Bitcoin advocate. They dive into the looming threat quantum computing poses to Bitcoin's security and discuss post-quantum cryptographic advancements. The conversation also touches on Bitcoin’s evolving role as a financial asset, user-friendly wallets, and growing institutional interest, providing insights into the future landscape of cryptocurrency.

support dispatch: ⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/donate⁠⁠⁠⁠⁠⁠⁠⁠ EPISODE: 102BLOCK: 791518PRICE: 3734 sats per dollar TOPICS: Good Money vs Bad Money, Early Bitcoin History, Onboarding the Next Billion People, Silk Road, Anti Fragility, EnergyThis chat was a continuation of our conversation on stage at Bitcoin 2023 to end the conference: https://youtu.be/kAdPCHY_RzYAdam on Twitter: https://twitter.com/adam3usJack on Twitter: ⁠https://twitter.com/jackmallersnostr live chat: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://citadeldispatch.com/stream⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠nostr account: ⁠https://primal.net/odell⁠youtube: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.youtube.com/@citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠podcast: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.podpage.com/citadeldispatch⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠stream sats to the show: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.fountain.fm/(00:00:37) Introduction and bitcoin events(00:02:11) Thanks to supporters and donation options(00:04:20) Introduction of guests(00:05:47) Discussion on the value of bitcoin(00:19:30) Bitcoin as a savings technology(00:27:17) Volatility and challenges in emerging markets(00:38:14) Why bitcoin has been successful compared to previous attempts(01:08:12) Volatility of bitcoin and its potential stability in the long term(01:22:53) Onboarding the next billion users to bitcoin(01:27:14) Different trade-offs in using exchanges and custodial lightning(01:28:10) Liquid as a trade-off between centralized exchanges and noncustodial options(01:29:44) Advantages and risks of using Liquid for trading and rebalancing Lightning channels(02:09:29) Bitcoin's future and scalability(02:10:26) The value of free markets and the maturity of bitcoin(02:11:24) Disappointment in backtracking on bold predictions

On this episode, Adam Back, CEO of Blockstream, discusses topics such as the Bitcoin halving, self-custody, Blockstream's BASIC Note, the Liquid side-chain, Greenlight Lightning solution, and collaborative custody with Swan Vault. They also explore Bitcoin's evolution, scaling, and the future of side chains and Lightning Network.

Adam Back, een invloedrijke cryptografie-expert en mogelijk één van de grondleggers van Bitcoin, deelt fascinerende inzichten over de oorsprong van cryptocurrency. Hij legt uit hoe zijn creatie, Hashcash, de basis vormde voor digitale valuta. De rol van cypherpunks en de opkomst van privacy in digitale transacties komen aan bod, samen met de uitdagingen van Bitcoin's schaalbaarheid. Back reflecteert op zijn bijdrage aan de crypto-geschiedenis en de toekomst van deze technologie. Een waardevolle inkijk in de wereld van cryptografie!

In this discussion with Adam Back, co-founder and CEO of Blockstream and a pioneer in blockchain technology, listeners explore a range of fascinating topics. Back shares insights from his appearance in the HBO documentary 'Money Electric' and discusses the emergence of Lugano as a vibrant bitcoin city. The conversation uncovers the mystery of Satoshi Nakamoto and reminisces about bitcoin's early days and adoption hurdles. Back also delves into innovations like eCash protocols, Nostr's potential for decentralized social media, and the future scalability of Bitcoin.

In this discussion, Adam Back, the CEO of Blockstream and a renowned cryptographer, dives into the innovative BMN2 financial instrument designed to democratize Bitcoin mining investment. He explains the mechanics of Blockstream’s mining operations, including energy management and strategic locations. Back also unpacks the financialization of mining notes and their implications for secondary markets, investing strategies, and market behaviors. The conversation highlights the lessons learned in Bitcoin mining and the evolution of the sector towards more accessible financial products.

Adam Back, a blockchain pioneer, joins Paolo Ardoino, a key developer of tokenized securities, to discuss the evolution of financial assets. They explore the benefits of tokenized securities over traditional options, focusing on improved transparency and reduced costs. The duo highlights Kazakhstan and El Salvador's progressive reforms in this arena. They also address Bitcoin ETFs, weighing their advantages against potential risks, and emphasize the need for regulators to adapt to the fast-changing landscape of digital finance.

Adam Back, CEO of Blockstream, predicts a $700k Bitcoin price during this halving cycle. The podcast discusses the upcoming Bitcoin conference in Portugal, secure storage of seed phrases using titanium plates, the power of Bitcoin amidst rising global issues, and the progress of Bitcoin adoption in Madeira. Adam Back's bullish prediction is contrasted with Christine Lagarde's remarks and the impact of the Bitcoin hash rate crash.

Adam Back, Co-Founder & CEO of Blockstream, discusses Bitcoin cycles, lightning network developments, Bitcoin ETF, and undervalued Bitcoin. The podcast also covers the mining sector, Bitcoin's path to $100,000, correlation between hash rate and security, and Blockstream's ASIC product.