#646 Building A Multi-Billion Dollar Bitcoin Company with Adam Back

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 29 August 2021

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Adam Back is a cryptographer and cypherpunk. He is the CEO of Blockstream, which he co-founded in 2014. He invented Hashcash, which is used in the Bitcoin mining process. In this conversation, we discuss bitcoin, mining, Liquid side-chain, Lightning Network, ASIC chips, decentralization, bitcoin maximalism, Blockstream, and whether he is Satoshi or not. ======================= BlockFi provides financial products for crypto investors. Products include high-yield interest accounts, USD loans, and no fee trading. To start earning today visit: http://www.blockfi.com/Pomp ======================= Choice is a new self-directed IRA product that I'm really excited about. If you are listening to this, you are likely part of the 7.1 million bitcoin owners who have retirement accounts with dollars in them, but not bitcoin. I was in that situation too. Now you can actually buy real Bitcoin in your retirement account. I'm talking about owning your private keys and using tax-advantaged dollars to do it too. Absolute game changer. https://www.retirewithchoice.com/pomp

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to
0:07.1	the Pomp podcast, simply the best podcast out there. Now let's kick this thing off. Adam Back is a
0:13.2	cryptographer and cypherpunk. He is the CEO of Blockstream, which he co-founded in 2014. He also
0:19.6	invented hash cash, which is used in the Bitcoin mining
0:22.1	process. In this conversation, we discuss Bitcoin mining, liquid side chain, the lightning
0:27.7	network, ASIC chips, decentralization, Bitcoin maximalism, Blockstream, and whether Adam is Satoshi
0:34.1	or not. I really enjoyed this conversation with Adam, and I hope you do as well.
0:39.6	Before we get into this episode, I want to quickly talk about our sponsors.
0:43.2	First up is BlockFi. BlockFi provides financial products for crypto investors.
0:47.3	Those products include a high-yield interest-bearing account, a U.S. dollar loan product against your crypto collateral,
0:52.8	a no-fee cryptocurrency trading platform,
0:55.7	and a Bitcoin rewards credit card where you swipe a normal credit card, but you get paid back in Bitcoin
1:00.5	rather than cashback or airline miles. To start earning today, go visit blockfi.com slash pomp.
1:06.1	I'm an investor in the business, and I'm a very happy user. I think you will be too.
1:10.1	Go to blockfi.com slash pomp today, and you can sign up for an account and get that Bitcoin Rewards credit card. Again, blockfi.com slash pomp. I use mine every day and I think you'll enjoy it. Next up is choice. Choice is a new self-directed IRA product that I'm really excited about. If you're listening to this, you are likely part of the 7.1 million Bitcoin owners who have
1:29.4	retirement accounts with dollars in them, but not Bitcoin.
1:32.5	I used to be in that situation too, but Choice helped me fix that.
1:36.1	Now you can actually buy real Bitcoin in your retirement account.
1:39.3	I'm talking about owning your private keys and using tax advantage dollars to do it too.
1:43.5	It's an absolute game changer go
1:45.4	to retire with choice.com slash pomp again retire with choice dot com slash pomp today and you can get
1:53.4	that self-directed IRA product lets you buy bitcoin in a tax advantaged way and hold your private
	...

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