Adam Back, Blockstream's Chief Scientist and a Bitcoin cryptography pioneer, joins James Macedonio to discuss the cutting-edge developments in ASIC miners. They compare ASIC building to crafting a high-performance race car and delve into the challenges of market reliability. The duo also addresses the oversupply of ASICs and the implications for Bitcoin's scalability, particularly regarding drivechains. With a focus on Bitcoin's scripting capabilities and innovative technologies, their insights provide a fascinating glimpse into the future of mining and blockchain transactions.

Adam Back, Co-founder and CEO of Blockstream, discusses the thrilling trajectory of Bitcoin toward a potential $1 million valuation. He reflects on the early days of Bitcoin and Satoshi Nakamoto’s impact, elucidating Bitcoin’s evolution from a niche asset to a mainstream investment. Back highlights the growing institutional adoption and the implications for its future, including its potential as a digital currency and store of value. He also examines Bitcoin’s cultural influence and transformative potential in economies worldwide.

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.

Dr. Adam Back, co-founder and CEO of Blockstream, discusses Blockstream's projects, Bitcoin's second layer solutions, Drivechain debate, Liquid adoption, threat to Bitcoin, ownership, CBDCs, and Bitcoin adoption.

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.