Crypto Stories: Dr. Adam Back shares his life of hacks

Must read

Pending Home Sales Improve In January As More Buyers Return

More demand from buyers and less supply from homeowners is holding prices steady. getty The housing market is showing early signs of recovery with...

Biden-⁠Harris Administration Announces New Actions To Protect Renters And Promote Rental Affordability

The Federal Trade Commission has issued a request for information exploring unfair practices in the ... rental market. getty The Biden-Harris administration announced...

A 5-Minute Fix for People Who Sit All Day

A growing body of research tells us that sitting for too long is bad for our health. It has been linked to obesity,...

8 Topics to Tackle If You Want to Survive Retirement With Your Spouse

wavebreakmedia / Shutterstock.com This story originally appeared on NewRetirement. Before you got married, you probably discussed where you wanted to live, whether or...

A cartoon version of Dr. Adam Back recounts stories of hacking coded doors at university and the inception of Hash Cash in the latest of Cointelegraph Crypto Stories.

2065 Total views

31 Total shares

Crypto Stories: Dr. Adam Back shares his life of hacks

Own this piece of crypto history

Collect this article as NFT

It’s been a life of hacks for Dr. Adam Back, the CEO and co-founder of Blockstream. One of the few people quoted on the Bitcoin Whitepaper, hacking highlights of Back’s life are brought to life in the latest animated Crypto Story from Cointelegraph’s video team. 

Over a game of Jenga in a park, Back told Cointelegraph that he’s always had a “kind of security mindset.” From his days as a student, he tinkered with door codes, pin pads and locks, testing out code and gaining access to places he “wasn’t supposed to have access to.”

Back talks through the creation of Hash Cash, one of the early attempts at digital money. He uses the “Birthday collision” as an allegory for hash functions, demonstrating his aptitude to breaking down complex functions into intelligible language:

“If you have a room full of people at a party or something, there’s a question which is how many people need to be in the room before there’s 50/50 chance that there are two people with the same birthday.”

He explains that while people would expect the outcome to be related to the number 365–because of how many days there are in a year, the reality is far lower. This line of thinking, combined with an understanding of spam email, led to Back’s coding up of Hash Cash.

Related: Blockstream CEO Adam Back talks Bitcoin over a game of Jenga

Bitcoin stands on the shoulders of Hash Cash, but Bitcoin caught on because Bitcoin ˙as a high level of decentralization, vital for the cryptocurrency’s success. Back adds that Bitcoin is also “Understandable at lots of different levels, right?”

“You can understand it from a user level or from an economics level. It’s surprisingly complex to fully appreciate all of it, including the game theory and things like that.”

The cartoon interview comes to a close with a reference to Blockstream’s decision to beam Bitcoin into space and an affirmation that there will be “More Bitcoin,” from one of the Bitcoin economy’s OGs.

More articles

Latest article

Pending Home Sales Improve In January As More Buyers Return

More demand from buyers and less supply from homeowners is holding prices steady. getty The housing market is showing early signs of recovery with...

Biden-⁠Harris Administration Announces New Actions To Protect Renters And Promote Rental Affordability

The Federal Trade Commission has issued a request for information exploring unfair practices in the ... rental market. getty The Biden-Harris administration announced...

A 5-Minute Fix for People Who Sit All Day

A growing body of research tells us that sitting for too long is bad for our health. It has been linked to obesity,...

8 Topics to Tackle If You Want to Survive Retirement With Your Spouse

wavebreakmedia / Shutterstock.com This story originally appeared on NewRetirement. Before you got married, you probably discussed where you wanted to live, whether or...

How to Overcome the 8 Biggest Challenges of Remote Work

Arts Illustrated Studios / Shutterstock.com Editor's Note: This story originally appeared on FlexJobs.com.Are you ready to dip your toes into the world of...