Facts about Adam Back (Bitcoin/Blockstream CEO) you heard it right, he himself thinks he is in charge of Bitcoin.

http://unenumerated.blogspot.com/2005/12/bit-gold.html

Patrick said... Hi Nick, The "Bit Gold" of greatest interest is the string of bits that adds up to valuable new information. The effort involved in calculating a hash value is significant, but the really important effort is that involved in creating something like a substantive contribution to the Linux kernel, or a scientific paper describing original research. The previously unknown bit stream that describes a protein that cures cancer is REAL bit gold, no?

The work that I'm doing at http://infoeng.sourceforge.net is designed to create digital financial instruments that represent such bit streams (that is, software and other useful information).

Sorry for the marketing blurb, and an incomplete blurb at that, but I thought this would be appropriate. :)

Patrick 8:53 PM

/r/btc Thread Parent