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

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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[@btc_noob]

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]

the most under rated podcast on KZbin

[@llauram3650]

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

[@alphabalde9824]

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

[@Ryan-xq3kl]

😂

[@decentralizedlife1021]

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]

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]

@@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!"

[@dionfilippini8482]

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

[@frantzpedersen2886]

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.

[@gainknowledgeandinsight]

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

[@matiasmorandi9033]

57:23 priceless nakamoto alert

[@TheBossEntrepreneur]

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

[@thomasmullee3049]

What did he say ?

[@DomesticArt]

Feel better Laura, that’s real determination.

[@Chillmann2k]

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]

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

[@SAL-fs1mr]

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

[@Chillmann2k]

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

[@markpalmer8083]

@@Chillmann2k Correct!

[@mehmeterdem742]

Nick Szabo.

[@MrDeleoAndre]

Really good questions, thank you :)

[@willworkfordoge]

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!

[@cj1359]

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

[@happios]

Wow Laura got Satoshi nakamoto on her podcast !

[@rwandadrives]

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

[@MatthewKuraja]

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

[@noanyobiseniss7462]

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

[@latorregolf]

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.

[@victoriamanley9961]

Nice guys!

[@Pax_Et_Veritas]

Heroes of freedom

[@seriouslyyoujest1771]

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]

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!"

[@permaweave5104]

Wow. Great interview Laura. Greatly appreciated.

[@seriouslyyoujest1771]

This is a deep dive 🕳

[@cobravoadora]

Crypto Super Nova its on the way!

[@malkaandben]

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

[@malkaandben]

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]

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]

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

[@dude7740]

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!"

[@jubbafrubby4561]

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

[@uria702]

Nobody can predict the future

[@honkhogan21M]

Say no to “crypto” and yes to BTC.

[@bigmuchknow342]

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

[@Maccalad]

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

[@trigunflowsgm487]

We watch for Adam and David doesn't stop lol

[@AB-wg7qe]

These two would give Ambien a run for its money

[@MatthewKuraja]

At 45:22 David Chaum makes everyone uncomfortable.

[@noanyobiseniss7462]

No, SHE makes everyone uncomfortable.

[@honkhogan21M]

A Satoshi characteristic

[@dude7740]

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!"

[@johnunvaxxed1918]

any Hashcash hodlers here?

[@noanyobiseniss7462]

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

[@NotraNaum]

What happened to chaums shitcoin he was launching?

[@dude7740]

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]

Still shilling it.

[@AB-wg7qe]

Paint watches These guys talk

[@iampatoshi4537]

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..

[@edgardagosto1917]

Pretty lady,smart on crypto

[@kanne6737]

Are u aware u just interviewed satoshi nakamoto himself?

[@markpalmer8083]

Exactly!

[@dude7740]

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]

These two make Jeb Bush seem exciting

[@noanyobiseniss7462]

Maybe because you have no clue?

[@AB-wg7qe]

Noan YoBiseniss you thought Jeb was high energy?

[@victoriamanley9961]

Too much admin stuff at start of this yt.

[@angryoak2921]

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]

he did not develop fantom by himself

[@markpalmer8083]

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

[@taylorroberts8690]

David is cringe.....