
Bitcoin’s founder, Satoshi Nakamoto, has remained hidden for 17 years. A trail of clues — and a year of digging by our reporter, John Carreyrou — led us to a 55-year-old computer scientist in El Salvador named Adam Back. nyti.ms/4bXWC3V
Sam Lyman
1.1K posts

@SamLyman33
Head of Research @bitcoinpolicy | Fmr Senior Advisor & Chief Speechwriter to @SecScottBessent | @Forbes Contributor | @PrincetonSPIA alum

Bitcoin’s founder, Satoshi Nakamoto, has remained hidden for 17 years. A trail of clues — and a year of digging by our reporter, John Carreyrou — led us to a 55-year-old computer scientist in El Salvador named Adam Back. nyti.ms/4bXWC3V





The conventional wisdom says Bitcoin threatens the dollar. The data says the opposite. BTC's primary trading pairs are dollar-denominated, and dollar-pegged stablecoins settle the vast majority of crypto volume globally. Much like the petrodollar system priced oil in dollars starting in the 1970s, Bitcoin transactions run on dollar rails. Every new BTC user generates new demand for the dollar. @SamLyman33 via @Cointelegraph




📄NEW RESEARCH (from @JakeLangenkamp): Taiwan holds $602B in reserves, over 80% in USD. In a PRC blockade, gold is stranded and dollar access could be leveraged against Taipei. Bitcoin is the only reserve asset that stays sovereign and spendable under both scenarios.



Even more concerning news today on the Bitcoin tax front. We’re going to need the Cyber Hornets for this one. 👇 Today’s new draft **leaves the double taxation on bitcoin mining in place** and only provides relief to staking. So now the proposal is: - De minimis for stablecoins but not Bitcoin - Fixing tax treatment for “passive validation” (I.e. staking) but not Bitcoin mining This contradicts all prior proposals on this issue. This is not tech neutral and picks winners and losers for no reason. Full statement from BPI coming soon about @RepHorsford and @RepMaxMiller’s draft. We need strong community push back to show that this language sets America and Bitcoin back.

If banks prevail in the stablecoin battle, the biggest winner won't be the banks themselves; it will be China. The future of global currency competition is BTC & stablecoins vs. the digital yuan. The CCP knows this. US policymakers do not. My latest in the @washingtonpost


“While DC policymakers have spent the past several months dithering over the yield question, the CCP has rolled out a historic update to its digital yuan to compete with U.S. dollar-based stablecoins.” Congress needs to wake up and realize what time it is. My latest in WaPo 👇







Bitcoin and stablecoins are essential tools of economic statecraft. Yet legacy banks have fought for years to block their adoption, both here at home and abroad. No country benefits from this hostility more than China. In an effort to protect their competitive moat in recent digital asset legislation, America’s banks are unwittingly doing Beijing’s bidding. They are undermining our nation's global economic influence and strengthening the digital yuan. To understand how, read our latest op-ed in the @WashingtonPost @PostOpinions: