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Hey Everyone,
It was at Bitcoin's 10th birthday party that I first met Adam Back.
There was a crowded club, talented waitresses and even fireworks, but he didn't seem interested in any of those things.
Instead, Back maintained a relatively low profile outside, holding steady conversation with a circle of blockchain enthusiasts.
The man is certainly a legend, whose work is cited clearly in the Bitcoin White Paper, and even though he vehemently denies it, some believe he may actually be Satoshi.
Now, he can add founding a unicorn to his long list of achievements. |
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| With some quick math, we can calculate that Blockstream only sold about 6.5% of their total company for that $210 million, funding that will allow them to continue Satoshi's work by modifying and updating the Bitcoin network. |
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Crackling money raises concerns In a CoinDesk interview with surprisingly poor sound quality given the ginormous microphone on the desk, Back explains how manufacturing bitcoin mining rigs in the U.S. provided a critical alternative to Chinese-made machines.
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Indeed, as Back points out, the geographic diversification of bitcoin is important for the network, but he certainly falls short of answering whether or not the new focus in America may represent an issue.
In a way, he may have been saved by the crackling sound, but it would be nice to see a more rambunctious interviewer, like Anthony "Pomp" Pompliano or Nic Carter, grill him on this point.
All in all, it's been a fantastic year so far to raise money in the crypto space. Let the good times roll.
Have a wonderful afternoon/evening.
Best regards, |
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Mati Greenspan Analysis, Advisory, Money Management |
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