Dr. Adam Back, CEO of Blockstream and inventor of Hashcash, discusses his early work on Bitcoin and the development of Blockstream. He emphasizes the decentralized nature of Bitcoin and how it has operated successfully without the need for a CEO or founder. Back explains how Blockstream is working on both scalability and retail payments through its Lightning and Liquid platforms. He also highlights the use of stablecoins on the Liquid platform and the potential for Bitcoin to serve as a store of value in emerging markets. Back discusses the recent $210 million fundraising round for Blockstream and the shift in investor interest towards Bitcoin. He notes that many of the initial risks around Bitcoin, such as regulatory uncertainty, have subsided as the cryptocurrency has gained traction and institutional support.
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