Adam Back: How Blockchain Can Prevent a Banking Crisis
Trust in the financial industry has weakened since the worst of the global recession in 2008 and again during the Greek debt crisis. For some experts, the current system is no longer appropriate and there may be a need to explore new technologies like the blockchain when it comes to preventing another meltdown from taking place. Blockchain is the public ledger of transactions in bitcoin. While the cryptocurrency has hogged the spotlight in the past few years, the underlying technology in updating and storing entries on the blockchain is proving to have several practical applications in....
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About a week ago, at the NYC Consensus conference I was fortunate enough to get to spend four hours over dinner with Adam Back of Blockstream, and Kristov Atlas of Blockchain.info My Dinner with Adam Back. I’ll do my best to summarize the topics of conversation over those four hours, although I’m sure I will miss some important points. Firstly, Adam....
Bitcoin has enjoyed a pivotal moment, thanks to the ongoing Greek debt crisis, which resulted in capital controls and an influx of funds towards the cryptocurrency. Indeed bitcoin prices have eventually landed back above the $300 mark, following a long period of consolidation around $220 earlier in the year. The prospect of shifting back to a potentially worthless drachma has led several Greeks to move their money to bitcoin, as some websites have offered bitcoin loans and investments while others offered to purchase Greek products using the cryptocurrency. This could allow Greek citizens....
Open source bitcoin startup Blockstream, notable for its foray into developing sidechains for the bitcoin blockchain will now see a CEO at its helm. In a recent announcement, Blockstream revealed a unanimous decision by the company’s board of director that saw Blockstream co-founder Adam Back become CEO of the company. Back held the role of President before his new position and has also operated as the chief operating officer in the past. Blockstream revealed outgoing CEO Austin Hill will “pursue other opportunities” and has also stepped down from the board. A prominent academic in the....
Bitcoin Knowledge Podcast host Trace Mayer interviewed legendary cryptographer Adam Back on his role in the creation and deployment of some of the most potent privacy software to ever affect the world of Bitcoin. A transcript of the podcast is published in We Use Coins. Trace Mayer is an entrepreneur, investor, journalist, an expert on the Austrian School of economic thought of Murray Rothbard and Ludwig von Mises, and a staunch defender of freedom of speech. Adam Back is the inventor of Hashcash, the proof-of-work system used by Bitcoin and other cryptocurrencies as part of the mining....
In an exclusive interview with Adam Back at Bitcoin Amsterdam, the co-founder of Blockstream shared his vision for the Bitcoin space. Adam Back, the co-founder of Blockstream, took a timeout from the mainstage of Bitcoin Amsterdam, a three-day Bitcoin conference in the Netherlands, to talk with Cointelegraph. Perched at a park table amid tulips and bicycles, the man behind the proof-of-work algorithm challenged Cointelegraph to a game of Jenga and made a case for beaming Bitcoin into space. One of the few people to be cited in the Bitcoin (BTC) white paper, Back also discussed his....