Adam Back: Bitcoin is Enough, Satoshi Should Stay Out
Cointelegraph
Published Aug 11, 2020 01:27PM ET
Updated Aug 11, 2020 03:00PM ET
In a Cointelegraph interview, Adam Back provided additional clarity on his perceived Bitcoin (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:
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Written By: Cointelegraph
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