Adam Back denies being Satoshi Nakamoto. Yesterday, in a tweet, the CEO and co-founder of Blockstream reiterated that he is not the creator of Bitcoin.
some claim to be Satoshi, days google research blogging stories, and in court, to widespread non-belief.
seems I need the opposite: I am not Satoshi despite recent video / reddit claiming so. some factors & timing may look suspicious in hindsight; coincidence & facts are untidy.
— Adam Back (@adam3us) May 11, 2020
If on the one hand there are those like Craig Wright of Bitcoin Satoshi Vision who file lawsuits and do everything possible to associate his name with that of Satoshi Nakamoto, on the other, there are those like Back who want to distance themselves from these rumours, explaining that he is not the inventor of the blockchain, contrary to what is rumoured on Reddit and other forums and social networks.
The HashCash project
It’s certainly true, however, that Adam Back was among the first to exchange emails with Satoshi on the topic of coins based on encryption when Bitcoin was not yet called like that.
In 1997 he was also the creator of a system similar to the Proof of Work used today as a consensus method on Bitcoin’s blockchain, theorizing a coin called HashCash, formally described in a document dated 2002 and from which Satoshi Nakamoto perhaps took inspiration for his creation.
HashCash aimed at resisting a series of potential hacker attacks including DDoS attacks. The use of a form of PoW also had to limit its distribution thanks to a deflationary system.
The latest developments concerning Adam Back
Last January, Adam declared that the price of Bitcoin (BTC) will sooner or later reach staggering values such as $10 million.
In addition, Back had recently been the focus of media attention for almost allying with Justin Sun, CEO of the TRON Foundation, in order to fight the superpower of Ethereum and Vitalik Buterin.
In fact, this collaboration subsequently led TRON to land on the Lightning Network thanks to Liquid and the help of Back.