| LEO'S TV 2024 | EP034

Welcome to this Bitcoin podcast,

🎙️ Adam Back Interview: Insights from a Bitcoin Pioneer:
Join us for an exclusive interview with Adam Back, the legendary cryptographer, CEO of Blockstream, and inventor of Hashcash—the foundational Proof-of-Work mechanism that inspired Bitcoin. In this thought-provoking conversation, we delve deep into Bitcoin’s past, present, and future, exploring Adam’s unique perspectives on topics shaping the bitcoin landscape today.


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OUTLINE:
0:00 - Introduccion
0:32 - Satoshi
18:10 - What would Adam do as president of the US?
25:00 - Can a company acquire too much bitcoin
30:00 - Non - KYC Bitcoin
33: 00 - Why are centralized exchanges winning?
45:50 - Environmental mining debate & China Ban
50:15 - Why are people selling now?
57:20 - Proof of work solves a physical problem
1:00:00- Privacy
1:02:40 - Is Adam Back Satoshi?
1:07:00 - Is lightning scalable?
1:10:00 - what is the meaning of life for Adam Back?
1:15:00 - what is Adam Back working on now?
1:19:10 - Bitcoin & Stoicism


Topics Covered:

* Breaking News:
* The partnership between Tether and Cantor Fitzgerald for Bitcoin-backed loans—what does it mean for institutional adoption?
* How the U.S. elections might influence Bitcoin regulation and market dynamics.
* Bitcoin Price & Market Trends:
* The unprecedented profit-taking by long-term holders in November—what does it signal for Bitcoin’s market maturity?
* Predictions for a U.S. strategic Bitcoin reserve and its potential to push Bitcoin into the seven-figure price range.
* Insights into market psychology: why the majority of Bitcoin’s upward movement occurs in just 12 days each year.
* Bitcoin’s Origin and Adoption:
* Reflecting on Satoshi Nakamoto’s genius design—did targeting predictable supply over stable value redefine digital money?
* Adam’s early conversations with Satoshi and the untapped questions he wishes he had asked.
* Concerns over entities like MicroStrategy owning significant Bitcoin reserves—could it pose risks to decentralization?
* Self-Custody and Privacy:
* The importance of self-custody in Bitcoin’s ethos and the ongoing tension between KYC and non-KYC Bitcoin.
* Can self-custody solutions scale for mainstream adoption, or will it remain a niche?
* Mining and Proof-of-Work:
* Is mining a better strategy than buying Bitcoin, especially with cheap energy access?
* Debunking environmental criticisms and exploring AI’s role in optimizing Bitcoin mining.
* Decentralized Exchanges (DEX):
* Why centralized exchanges dominate despite repeated failures.
* The challenges and future of P2P exchanges and Blockstream’s innovations in decentralized trading.
* Scalability Challenges:
* Can the Lightning Network scale to serve a global population of 9 billion?
* What additional solutions are needed to make Bitcoin the world’s dominant medium of exchange?
* Privacy and Recognition:
* How does Adam feel about being rumored as Satoshi Nakamoto?

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