Bitcoin is Enough, Satoshi Should Stay Out By Cointelegraph

Bitcoin is Enough, Satoshi Should Stay Out By Cointelegraph


Adam Back: Bitcoin is Enough, Satoshi Should Stay Out

In a Cointelegraph interview, Adam Back provided additional clarity on his perceived (BTC) maximalism. Blockstream’s CEO believes that Bitcoin is enough and there is no need for a multitude of derivative projects. Back said, “I think it’s like TCP/IP the internet exists. We don’t need 5800 TCP/IP copies trying to monetize and profiteer off pumpanomics or such. It detracts from value (I gather there are about 5,800 altcoins as of today)”. He noted that innovators should focus on Bitcoin instead:

Discussing Satoshi rumors, Back noted that it would be unwise for Satoshi to reveal himself “I’m not sure if that would be a wise idea for him, nor for bitcoin”. Yet Back agreed that even if Satoshi were to come back, he would likely not be able to take back control of Bitcoin’s development:

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link

Cointelegraph


Leave a Reply

Your email address will not be published. Required fields are marked *


About us

InvestLab is a financial services technology company focused on the global trading market. Founded in 2010 in Hong Kong, the company develops trading, market data, and social research products that enable individual investors and small to mid-size brokers to access global markets. We provide brokers and financial institutions cross border capabilities for retail investors into 43 markets globally.


CONTACT US

CALL US ANYTIME