Adam Back Linked to Jeffrey Epstein? Vitalik Buterin Refutes Claims

Adam Back Linked to Jeffrey Epstein? Vitalik Buterin Refutes Claims

Vitalik Buterin deemed the link between Adam Back and deceased billionaire Jeffrey Epstein as tenuous at best. But social media posters noted potential flows of funds between MIT Media Lab and Blockstream, a company for Bitcoin-related services.

Vitalik Comes to Adam Back’s Aid

Adam Back, the co-founder of Blockstream, was the next in line to receive bad publicity from an alleged connection to the funding of billionaire Epstein. Ethereums co-founder Vitalik Buterin tweeted in his defense, stating that the connection was too far-fetched. Buterin found too many degrees of separation between the billionaires money and the actual activity of Blockstream.

The link between Bitcoin Core, it turns out, started with a mention of Bitcoin (BTC) and its features of scarcity, in an old interview for TheNextWeb from 2017. Epstein mimicked some of the tenets of Bitcoin Core, in that BTC is not a currency, but a scarce store of value, even superior to gold. However, many so-called Bitcoin maximalists have shared a similar sentiment.

At that time, Epstein was already convicted for his predatorial ways and soliciting prostitution from underage women.

MIT Media Lab Linked to Crypto Projects

But Redditors also dug up a deeper connection, through the now-reviled Joi Ito, the recently resigned head of the MIT Media Lab. Ito, a proponent of cutting-edge technology, apparently led funding rounds for Blockstream through his venture capital firm, Digital Garage. Ito himself only kept a materially insignificant share of Blockstream, based on the investment of Digital Garage.

MIT Media Lab also spawned the Digital Currency Initiative, which is another potential link of Epsteins funds to the crypto space. One of the beneficiaries of the Initiative was Wladimir Van der Laan, a Bitcoin Core developer. Van der Laan was at the helm of the merge process for writing any new Bitcoin Core code.

MIT Media Lab became notorious after Ito continued to accept funding from Epstein. For years even after his crimes were known, Ito even covered up the actual source of financing.

Ethereums co-founder, Buterin, receives credit for the term Bitcoin maximalist. Initially, the term worked as an insult, as ETH was rather competitive back in 2017, with the potential to take over BTC still seen as a viable possibility. But more recently, Bitcoin maximalist became a positive expression for supporting BTC before altcoins.

What are your thoughts on Epsteins links to Bitcoin? Share your thoughts in the comments section below!

Images via Bitsonline, Twitter @Vitalikbuterin

The post Adam Back Linked to Jeffrey Epstein? Vitalik Buterin Refutes Claims appeared first on Bitcoinist.com.

10.09.2019 / 05:50 11
Vitalik Buterin: “Bitcoin SV is a Complete Scam” Vitalik Buterin: “Bitcoin SV is a
Vitalik Buterin is not particularly a fan of Bitcoin SV. For the creator of Ethereum, the fork of Bitcoin Cash (BCH) is nothing more than a scam
Blockstream CEO Adam Back on Bitcoin ETFs Blockstream CEO Adam Back on Bitcoin
What may have seemed like a frivolous Twitter poll, prompted some interesting insight from Blockstream CEO, Adam Back. He covered bitcoin’s status,
Shapeshift’s CEO about Vitalik Buterin: “Ethereum Is Better Because He’s Involved.” Shapeshift’s CEO about Vitalik Buterin:
Erik Vorhees In a short conversation with Ran Neuner host of CNBC’s Crypto Trader, Eric Vorhees, CEO of ShapeShift shared his views on the future of
Ethereum 2.0, Pure Casper and Never Seen Before Scalability – Vitalik Buterin Ethereum 2.0, Pure Casper and Never
Co-founder of the second largest coin – Vitalik Buterin, spoke about the most anticipated upgrade – Ethereum 2.0 projectSerenity during the Ethereum
Ethereum’s Vitalik Buterin Receives Proposition from Google Ethereum’s Vitalik Buterin Receives
According to a tweet from the Vitalik Buterin, founder of the worlds second largest cryptocurrency Ethereum, Google has approached him to see if he
Vitalik Buterin has no Multi-Year Plan for Ethereum and That’s OK Vitalik Buterin has no Multi-Year Plan
In the world of cryptocurrency, having a long-term vision is of the utmost importance. Where Vitalik Buterin is concerned, that vision is not
Comments (0)
Add a comment
Comment on