News
The Bybit hack has sparked debate between Bitcoin and Ethereum advocates, with Adam Back blaming EVM security flaws, while others point to multisig vulnerabilities.
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Adam Back News
Adam Back is a crypto-hacker and cryptographer born in London in 1970 and is currently living in Malta. Adam Back’s hashcash proof-of-work system is used in counterspam technologies and cryptocurrency mining. Adam Back is one of the first people to work on Bitcoin and was contacted by Nakamoto in 2009 to give his thoughts on hashcashes usage in Bitcoin. Adam Back is a founder of the technology company Blockstream, which is one of the main contributors to Bitcoin Core. As Blockstream’s CEO, Adam brought the company into being a leading developer of the Lightning Network, liquid sidechains and other interesting projects. Adam’s contribution to Bitcoin and cryptography development has made him one of the main cryptocurrency experts today. He is actively doing talks on such topics as privacy, scaling and the future development of Bitcoin.
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Some of the industry’s leading innovators, including Adam Back, say that Bitcoin’s “floor price” is above $40,000.
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The post-quantum era is still “several decades away,” but it could be a net positive for the Bitcoin network’s security.
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The strategic Bitcoin reserve could set up Bitcoin’s price for an over $1 million valuation this market cycle, according to Adam Back.
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Other key indicators suggest that Bitcoin’s long-term floor price is above $40,000.
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Back was an early Bitcoin developer and the first person to receive an email from pseudonymous Bitcoin creator Satoshi Nakamoto.
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In an exclusive interview with Cointelegraph, Back explains why Bitcoin’s value relies on its dual identity as hard money and digital gold.
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The Blockstream founder was favored as the most likely figure to be revealed as Satoshi Nakamoto in the HBO documentary by Polymarket users.
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Sassaman’s odds tanked after the HBO documentary’s producer said he confronted the person he thinks is Satoshi Nakamoto, ruling out Sassaman, who died in 2011.
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Bitfinex tech chief Paolo Ardoino and Blockstream chief Adam Back talked about BTC adoption and asset tokenization in a livestream.
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Resolving recent systemic failures in the cryptocurrency ecosystem and the prospect of spot Bitcoin ETF approvals could drive Bitcoin to $100,000 in 2024.
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“I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party,” Satoshi wrote in an Oct. 31 email in 2008.
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Adam Back has joined a growing roster of market commentators who are bullish on the price of Bitcoin ahead of next year’s halving event.
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Venture capitalists have favored ICOs in recent years, but Bitcoin-related startups are seeing renewed interest from investors.
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If Adam Back and Hal Finney’s $10 million price prediction were to come true, the BTC market cap would be approximately $200 trillion.
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