Why Bitcoin Now: David Chaum and Adam Back Reflect on the Crypto Wars - Ep.186

Ғылым және технология

David Chaum, the inventor of eCash and CEO of xx network, and Adam Back, the inventor of Hashcash and the cofounder and CEO of Blockstream, discuss their involvement in digital currency well before Bitcoin existed. In this episode, they discuss:
how they each became enamored with the idea of digital currency years before such an idea was widely discussed
the crypto wars of the 1990s and the U.S. government’s attempts to control access to advanced cryptography
Digicash, the creation of eCash, and the difficulties of implementing the system with the technology available at the time
the innovation of blind signatures used in eCash
what caused the demise of Digicash, and David's role in that
the development of Hashcash and the problems Adam was trying to solve by creating it
their initial reactions to learning about Bitcoin for the first time
how they think Bitcoin might improve in the future
the stock-to-flow Model, and where they believe the Bitcoin price might go next
why the Hashcash proof-of-work mechanism became so widely used
Thank you to our sponsor!
Crypto.com: crypto.com/
Episode links:
Adam Back: / adam3us
Blockstream: blockstream.com
Adam's website: www.cypherspace.org
David Chaum: / chaumdotcom
Elixxir: elixxir.io
XX Network: xx.network
Previous Unchained episode on the history of digital currency: unchainedpodcast.com/why-bitc...
Wired article on “e-money”: www.wired.com/1994/12/emoney/
Translated Dutch article on why DigiCash failed: cryptome.org/jya/digicrash.htm
Aaron Van Wirdum's Bitcoin Magazine series on the history of digital currency: www.whatbitcoindid.com/podcas...
David Chaum's e-Cash: bitcoinmagazine.com/articles/...
Hashcash: bitcoinmagazine.com/articles/...
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Пікірлер: 88

  • @btc_noob
    @btc_noob Жыл бұрын

    Can't really express my feelings regarding this podcast. The historical perspective and value presented... and 86 comments and 11k views as of my comment, leaves me speechless. This is a gem.

  • @mr.BobbySingh
    @mr.BobbySingh3 жыл бұрын

    the most under rated podcast on KZread

  • @gainknowledgeandinsight
    @gainknowledgeandinsight3 жыл бұрын

    This looks good! Downloaded for my bike ride. Great job!

  • @decentralizedlife1021
    @decentralizedlife10213 жыл бұрын

    These guys are passively going at each other. David knows Adam is Satoshi and is letting him know that he is the OG of crypto and don’t forget.

  • @TheBossEntrepreneur

    @TheBossEntrepreneur

    3 жыл бұрын

    He is even sitting in a empty room with the light exactly at half of is face just to hint that you are looking at 2 faces...Adam and Satoshi!

  • @dude7740

    @dude7740

    3 ай бұрын

    @@TheBossEntrepreneur There are many developments happening at XX Network. It might be good to take some time for that. There's an XX member named (patcrypt) who has written and explained all the developments. Very informative!"

  • @llauram3650
    @llauram36503 жыл бұрын

    'If David Chaum was Satoshi I get the impression he wouldn't stop telling people.

  • @alphabalde9824

    @alphabalde9824

    3 жыл бұрын

    That's exactly how I felt about him. Very smart guy though.

  • @Ryan-xq3kl

    @Ryan-xq3kl

    Жыл бұрын

    😂

  • @MrDeleoAndre
    @MrDeleoAndre3 жыл бұрын

    Really good questions, thank you :)

  • @dionfilippini8482
    @dionfilippini84823 жыл бұрын

    45:00 -48:00 is just an awkward misunderstanding. I suggest you skip it.

  • @cj1359
    @cj13593 жыл бұрын

    Another phenomenal choice of guests. How do you to it?

  • @frantzpedersen2886
    @frantzpedersen28862 жыл бұрын

    Obviously, David Chaum IS the OG of this space, it seems almost a coincidence that his technology didn't prevail instead of Bitcoin and later iterations.

  • @victoriamanley9961
    @victoriamanley99613 жыл бұрын

    Nice guys!

  • @Chillmann2k
    @Chillmann2k3 жыл бұрын

    who else believes in barely sociable? I do! - Adam is Satoshi But both of them are epic. Great guests u git this time!

  • @ACruz-kq9di

    @ACruz-kq9di

    3 жыл бұрын

    I got my money on Hal Finney being the original Satoshi before Adam joined the project

  • @SAL-fs1mr

    @SAL-fs1mr

    3 жыл бұрын

    Hal Finney and Nick Szabo are more likely satoshi candidates than Adam.

  • @Chillmann2k

    @Chillmann2k

    3 жыл бұрын

    @@ACruz-kq9di adam couldn't join earlier, because he was alrdy in as satoshi

  • @markpalmer8083

    @markpalmer8083

    3 жыл бұрын

    @@Chillmann2k Correct!

  • @mehmeterdem742

    @mehmeterdem742

    2 жыл бұрын

    Nick Szabo.

  • @willworkfordoge
    @willworkfordoge3 жыл бұрын

    To be able to do such an incredible interview while sick is such a feat. You didn't pull punches with these titans of blockchain. Well done my girl!

  • @DomesticArt
    @DomesticArt3 жыл бұрын

    Feel better Laura, that’s real determination.

  • @matiasmorandi9033
    @matiasmorandi90333 жыл бұрын

    57:23 priceless nakamoto alert

  • @TheBossEntrepreneur

    @TheBossEntrepreneur

    3 жыл бұрын

    Dude both guys reactions was so freaking telling...wow! That little smile from Adam and laugh from David!

  • @thomasmullee3049

    @thomasmullee3049

    2 ай бұрын

    What did he say ?

  • @permaweave5104
    @permaweave51043 жыл бұрын

    Wow. Great interview Laura. Greatly appreciated.

  • @seriouslyyoujest1771
    @seriouslyyoujest17713 жыл бұрын

    This is a deep dive 🕳

  • @Pax_Et_Veritas
    @Pax_Et_Veritas3 жыл бұрын

    Heroes of freedom

  • @happios
    @happios3 жыл бұрын

    Wow Laura got Satoshi nakamoto on her podcast !

  • @malkaandben
    @malkaandben2 жыл бұрын

    Question! Is David Chaum still working on Elixxir/Praxxis/XX Network? Can’t find any official news on it

  • @malkaandben

    @malkaandben

    2 жыл бұрын

    Because it seems that potentially XX network is the new name of Elixxir.. or a bunch of potential scammers are running on behalf of David Chaum.. Anyone?

  • @dude7740

    @dude7740

    3 ай бұрын

    There are many developments happening at XX Network. It might be good to take some time for that. There's an XX member named (patcrypt) who has written and explained all the developments. Very informative!"

  • @philipp3351
    @philipp33513 жыл бұрын

    Really excited for Davids xx network project. This guy is brilliant

  • @dude7740

    @dude7740

    3 ай бұрын

    There are many developments happening at XX Network. It might be good to take some time for that. There's an XX member named (patcrypt) who has written and explained all the developments. Very informative!"

  • @cobravoadora
    @cobravoadora3 жыл бұрын

    Crypto Super Nova its on the way!

  • @rwandadrives
    @rwandadrives3 жыл бұрын

    So basically David Chaum was a decade ahead of anything Adam Back did.

  • @User-z3d

    @User-z3d

    3 жыл бұрын

    David Chaum - "I did....I invented....I first thought of....and because of me...."

  • @noanyobiseniss7462

    @noanyobiseniss7462

    3 жыл бұрын

    @@User-z3d Must be tough to be first and then watch others get all the accolades. I doubt you will ever be in that position.

  • @latorregolf

    @latorregolf

    Жыл бұрын

    Chaum is at least a decade older. But clearly age and wisdom not always correlated. He seems insecure about his contributions, which admittedly are very significant.

  • @bigmuchknow342
    @bigmuchknow3423 жыл бұрын

    AA I remember you, you're the my own boss tedx girld xD

  • @jubbafrubby4561
    @jubbafrubby45613 жыл бұрын

    what will bitcoin mining look like in 2050 in terms of computing power required, memory required, geographical location, whales etc. thanks

  • @uria702

    @uria702

    3 жыл бұрын

    Nobody can predict the future

  • @seriouslyyoujest1771
    @seriouslyyoujest17713 жыл бұрын

    I ♥️ Satoshi, Bitcoin and the great gift to civilization, sound money. Generations in the future will owe a great debt to those that made bitcoin possible. Thank you for this wonderful interview.

  • @dude7740

    @dude7740

    3 ай бұрын

    There are many developments happening at XX Network. It might be good to take some time for that. There's an XX member named (patcrypt) who has written and explained all the developments. Very informative!"

  • @honkhogan21M
    @honkhogan21M3 жыл бұрын

    Say no to “crypto” and yes to BTC.

  • @trigunflowsgm487
    @trigunflowsgm4873 жыл бұрын

    We watch for Adam and David doesn't stop lol

  • @Maccalad
    @Maccalad3 жыл бұрын

    David chaum "the godfather of crypto" and Adam Backamoto 'inventor of bitcoin/GOAT'

  • @AB-wg7qe
    @AB-wg7qe3 жыл бұрын

    These two would give Ambien a run for its money

  • @NotraNaum
    @NotraNaum3 жыл бұрын

    What happened to chaums shitcoin he was launching?

  • @dude7740

    @dude7740

    3 ай бұрын

    There are many developments happening at XX Network. It might be good to take some time for that. There's an XX member named (patcrypt) who has written and explained all the developments. Very informative!"

  • @TheBitcoinRevolution

    @TheBitcoinRevolution

    2 ай бұрын

    Still shilling it.

  • @noanyobiseniss7462
    @noanyobiseniss74623 жыл бұрын

    I'd like to be in a room having a beer with these two to hear them without the static.

  • @johnunvaxxed1918
    @johnunvaxxed19183 жыл бұрын

    any Hashcash hodlers here?

  • @User-z3d
    @User-z3d3 жыл бұрын

    At 45:22 David Chaum makes everyone uncomfortable.

  • @noanyobiseniss7462

    @noanyobiseniss7462

    3 жыл бұрын

    No, SHE makes everyone uncomfortable.

  • @honkhogan21M

    @honkhogan21M

    3 жыл бұрын

    A Satoshi characteristic

  • @dude7740

    @dude7740

    3 ай бұрын

    There are many developments happening at XX Network. It might be good to take some time for that. There's an XX member named (patcrypt) who has written and explained all the developments. Very informative!"

  • @iampatoshi4537
    @iampatoshi45372 жыл бұрын

    Is it just me, or these guys do not know what they created..i mean honestly, i am no Natural English-speaking person, and i myself have no in their level regarding their titles, Phd. or have no real formal education regarding computers.. But i don't feel their technical and intellectual capacity or ability, about cryptography...atleast they can talk about what code they use?what language? And what they had input on their program to proof their digital-signature? AnywaY...Thank You.. We really need to know more a alot..

  • @AB-wg7qe
    @AB-wg7qe3 жыл бұрын

    Paint watches These guys talk

  • @edgardagosto1917
    @edgardagosto19173 жыл бұрын

    Pretty lady,smart on crypto

  • @kanne6737
    @kanne67373 жыл бұрын

    Are u aware u just interviewed satoshi nakamoto himself?

  • @markpalmer8083

    @markpalmer8083

    3 жыл бұрын

    Exactly!

  • @dude7740

    @dude7740

    3 ай бұрын

    There are many developments happening at XX Network. It might be good to take some time for that. There's an XX member named (patcrypt) who has written and explained all the developments. Very informative!"

  • @AB-wg7qe
    @AB-wg7qe3 жыл бұрын

    These two make Jeb Bush seem exciting

  • @noanyobiseniss7462

    @noanyobiseniss7462

    3 жыл бұрын

    Maybe because you have no clue?

  • @AB-wg7qe

    @AB-wg7qe

    3 жыл бұрын

    Noan YoBiseniss you thought Jeb was high energy?

  • @victoriamanley9961
    @victoriamanley99613 жыл бұрын

    Too much admin stuff at start of this yt.

  • @markpalmer8083
    @markpalmer80833 жыл бұрын

    Funny how Adam Back talks just like he developed Bitcoin! I wonder why!

  • @angryoak2921
    @angryoak29213 жыл бұрын

    Awesome podcasts! Please interview Andre Cronje of Yearn.Finance. He is a brilliantly smart and unique guy who developed one of the most valuable chains in DeFi by himself.

  • @Ryan-xq3kl

    @Ryan-xq3kl

    Жыл бұрын

    he did not develop fantom by himself

  • @taylorroberts8690
    @taylorroberts86903 жыл бұрын

    David is cringe.....

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