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Hal Finney was right about $10mm bitcoin with Adam Back

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Manage episode 485268409 series 3516333
Content provided by Unchained Capital, Inc and Unchained Capital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unchained Capital, Inc and Unchained Capital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Bitcoin might still be wildly undervalued—and Adam Back explains why. In this episode, we sit down with Adam Back, CEO of Blockstream, early cypherpunk, and inventor of hashcash, the proof-of-work system that inspired bitcoin mining. Adam shares the story of receiving the first known email from Satoshi Nakamoto, why he didn’t buy bitcoin until it hit $100, and how early ideas like b-money and bit gold shaped Satoshi’s breakthrough. We explore the importance of a fixed supply, why halvings still move the market, and how doubt keeps bitcoin underpriced. Adam weighs in on treasury adoption, supply shocks, and whether this cycle could break the diminishing returns theory. We also discuss volatility, long-term thinking, and the $100 trillion opportunity bitcoin is unlocking.

SUPPORT THE PODCAST:

→ Subscribe

→ Leave a review

→ Share the show with your friends and family

→ Send us an email [email protected]

→ Learn more about Unchained: https://unchained.com/?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description

→ Book a free call with a bitcoin expert: https://unchained.com/consultation?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description

→ Read Joe Burnett’s new report, Repricing the Economy in Bitcoin: https://www.unchained.com/go/repricing-the-economy-in-bitcoin?utm_campaign=strivereport&utm_medium=podcast&utm_source=tbf&utm_content=youtube

TIMESTAMPS:

0:00 - Intro

1:00 - Why selling bitcoin is like playing against a rigged casino

7:38 - Why Adam didn’t buy bitcoin until it hit $100

10:11 - Realizing bitcoin had bootstrapped into something real

13:35 - The underrated role of Nick Szabo, Wei Dai, and Hal Finney

19:24 - Why the 2008 financial crisis was perfect timing for bitcoin

22:32 - Is bitcoin drifting from its cypherpunk roots?

26:01 - How doubt keeps bitcoin undervalued

27:52 - Why $10 million bitcoin is still possible

31:19 - Why volatility makes bitcoin hard to sell

36:36 - Why halvings still impact the price despite being predictable

42:35 - Why this cycle could invalidate the diminishing returns theory

46:14 - The global unbanked: a $100 trillion bitcoin market

48:12 - The 200-week moving average as a price floor

50:10 - Price reflexivity: why people buy because it’s going up

53:07 - The shrinking tradable supply and why halvings still matter

WHERE TO FOLLOW US:

→ Unchained X: https://twitter.com/unchained

→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom

→ Unchained Newsletter: https://unchained.com/newsletter

→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

→ Jose Burgos (Director of Media Production) on Twitter: https://x.com/DeFBeD

→ Adam Back’s Twitter: https://x.com/adam3us

  continue reading

87 episodes

Artwork
iconShare
 
Manage episode 485268409 series 3516333
Content provided by Unchained Capital, Inc and Unchained Capital. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Unchained Capital, Inc and Unchained Capital or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Bitcoin might still be wildly undervalued—and Adam Back explains why. In this episode, we sit down with Adam Back, CEO of Blockstream, early cypherpunk, and inventor of hashcash, the proof-of-work system that inspired bitcoin mining. Adam shares the story of receiving the first known email from Satoshi Nakamoto, why he didn’t buy bitcoin until it hit $100, and how early ideas like b-money and bit gold shaped Satoshi’s breakthrough. We explore the importance of a fixed supply, why halvings still move the market, and how doubt keeps bitcoin underpriced. Adam weighs in on treasury adoption, supply shocks, and whether this cycle could break the diminishing returns theory. We also discuss volatility, long-term thinking, and the $100 trillion opportunity bitcoin is unlocking.

SUPPORT THE PODCAST:

→ Subscribe

→ Leave a review

→ Share the show with your friends and family

→ Send us an email [email protected]

→ Learn more about Unchained: https://unchained.com/?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description

→ Book a free call with a bitcoin expert: https://unchained.com/consultation?utm_source=youtube&utm_medium=video&utm_campaign=TBF-podcast-description

→ Read Joe Burnett’s new report, Repricing the Economy in Bitcoin: https://www.unchained.com/go/repricing-the-economy-in-bitcoin?utm_campaign=strivereport&utm_medium=podcast&utm_source=tbf&utm_content=youtube

TIMESTAMPS:

0:00 - Intro

1:00 - Why selling bitcoin is like playing against a rigged casino

7:38 - Why Adam didn’t buy bitcoin until it hit $100

10:11 - Realizing bitcoin had bootstrapped into something real

13:35 - The underrated role of Nick Szabo, Wei Dai, and Hal Finney

19:24 - Why the 2008 financial crisis was perfect timing for bitcoin

22:32 - Is bitcoin drifting from its cypherpunk roots?

26:01 - How doubt keeps bitcoin undervalued

27:52 - Why $10 million bitcoin is still possible

31:19 - Why volatility makes bitcoin hard to sell

36:36 - Why halvings still impact the price despite being predictable

42:35 - Why this cycle could invalidate the diminishing returns theory

46:14 - The global unbanked: a $100 trillion bitcoin market

48:12 - The 200-week moving average as a price floor

50:10 - Price reflexivity: why people buy because it’s going up

53:07 - The shrinking tradable supply and why halvings still matter

WHERE TO FOLLOW US:

→ Unchained X: https://twitter.com/unchained

→ Unchained Linkedin: https://www.linkedin.com/company/unchainedcom

→ Unchained Newsletter: https://unchained.com/newsletter

→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

→ Jose Burgos (Director of Media Production) on Twitter: https://x.com/DeFBeD

→ Adam Back’s Twitter: https://x.com/adam3us

  continue reading

87 episodes

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