30s Summary

Blockstream’s CEO, Adam Back, believes the anonymity of Bitcoin’s creator, Satoshi Nakamoto, is beneficial for the cryptocurrency. Back suggests that lacking a central figure like Ethereum’s Vitalik Buterin makes Bitcoin seem like a precious, elusive treasure rather than just another tech innovation. He also believes that Bitcoin’s dual function as digital gold and currency is crucial to its long-term survival.

Full Article

Blockstream’s co-founder and CEO, Adam Back, thinks we’ll never find out who Bitcoin’s creator, Satoshi Nakamoto, really is. And that’s a good thing for Bitcoin. As he explains, people have been Sherlocking all over Satoshi’s online trail for over a decade and found nada—zip—zilch.

Back, an early Bitcoin developer who emailed Satoshi back in the day, says he actually thinks Bitcoin’s better off without a central figure, like Ethereum’s Vitalik Buterin. Unlike other digital currencies, having no face behind it makes Bitcoin feel more like a hard-to-find treasure than just another tech invention or startup.

He also reckons Bitcoin’s ability to act like digital gold and money simultaneously is critical for it to survive in the long run. As his logic goes, you need both to save and spend your wealth in the future.

Check out Adam’s full chit-chat on our YouTube channel. Don’t forget to hit subscribe! And for my fellow crypto-geeks interested in the ins-and-outs of everything, there’s a link to the full interview below. Enjoy!

Source: Cointelegraph