In a recent conversation with Decrypt, Blockstream CEO and early Bitcoin pioneer Adam Back expressed his continued surprise at the slow adoption of Bitcoin among tech – savvy individuals.
Back, a legendary figure in the crypto space and one of the few mentioned by Satoshi Nakamoto in early Bitcoin communications, highlighted a persistent disconnect within the tech community. Despite having deep knowledge of the foundational technologies behind Bitcoin, many early tech adopters and even cypherpunks initially showed little interest in the concept.
Back noted that these were people who had the technical framework to grasp Bitcoin’s innovation immediately, yet many remained unconvinced. He also addressed the broader hesitation from the public towards digital assets that lack a physical form. He countered the notion that Bitcoin is “unbacked,” pointing out that the cryptocurrency is inherently tied to real – world resources, namely energy and mining infrastructure.
Back’s comments underscore a theme that has long persisted in the Bitcoin community: understanding Bitcoin requires more than just technical knowledge. It also requires a shift in how we view money, trust, and value in the digital age. And even those closest to the technology sometimes miss the bigger picture.
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