{"id":10359,"date":"2022-03-30T01:30:00","date_gmt":"2022-03-30T01:30:00","guid":{"rendered":"http:\/\/ci029d5ff1b0062613"},"modified":"2025-10-01T13:07:46","modified_gmt":"2025-10-01T18:07:46","slug":"bitcoin-adoption-is-quickly-accelerating","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/culture\/bitcoin-adoption-is-quickly-accelerating","title":{"rendered":"Bitcoin Adoption Is Accelerating Featuring Adam Back And Balaji Srinivasan"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><div class=\"youtube-embed\" data-video_id=\"62VaWAto3oc\"><iframe loading=\"lazy\" title=\"Bitcoin Adoption Is Accelerating w\/ Adam Back and Balaji Srinivasan\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/62VaWAto3oc?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=62VaWAto3oc\" target=\"_blank\" rel=\"noopener\">Watch This Episode On YouTube<\/a><\/p>\n<p><strong>Listen To The Episode Here:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/podcasts.apple.com\/de\/podcast\/bitcoin-adoption-is-accelerating-w-adam-back-and\/id1459884105?i=1000555470730&amp;l=en\" target=\"_blank\" rel=\"noopener\">Apple<\/a><\/li>\n<li><a href=\"https:\/\/open.spotify.com\/episode\/0vn6quztUNWw7O0Wy8OO1f?si=194a6e8f8df944df\" target=\"_blank\" rel=\"noopener\">Spotify<\/a><\/li>\n<li><a href=\"https:\/\/podcasts.google.com\/feed\/aHR0cHM6Ly9iaXRjb2lubWFnYXppbmUubGlic3luLmNvbS9yc3M\/episode\/NGYyNmY3Y2UtMjc0MC00ZDcyLWE2NWYtYmU5NGRlOWExNGIy?sa=X&amp;ved=0CAUQkfYCahcKEwiIhNGViOn2AhUAAAAAHQAAAAAQLA\" target=\"_blank\" rel=\"noopener\">Google<\/a><\/li>\n<li>Libsyn<\/li>\n<li><a href=\"https:\/\/overcast.fm\/+Rp4qK5lCo\" target=\"_blank\" rel=\"noopener\">Overcast<\/a><\/li>\n<\/ul>\n<p>Adam Back and Balaji Srinivasan join the \u201cBitcoin Magazine Podcast\u201d to reflect back on the early days of Bitcoin and focus on how Bitcoin adoption is currently accelerating.<\/p>\n<p>Srinivasan takes a look at the global picture when he says, \u201cI think it\u2019s clear we\u2019re seeing Bitcoin adoption in Nigeria, in India and around the world. South America really didn\u2019t need that much prompting to get it [Bitcoin] because currency crises were a common thing there, they still are a common thing.\u201d He recognizes why people in those countries have been quicker to grasp the problem that Bitcoin solves.<\/p>\n<p>It can be surprising to see how far Bitcoin has come in such a short period of time. Srinivasan says, \u201cIn terms of Bitcoin\u2019s role in the world: on one level, you have to step back and realize that this thing was sub-1 billion and was just the dream of some people on a message board, and now, it has influenced every government in the world.\u201d<\/p>\n<p>Back\u2019s <a href=\"http:\/\/www.hashcash.org\/\" target=\"_blank\" rel=\"noopener\">Hashcash<\/a> was referenced in the Bitcoin whitepaper, so he\u2019s been an integral part of Bitcoin from the beginning. In reflecting back to the early days of Bitcoin, Back shares, \u201cIt does seem that the adoption is being fostered and, sort of, gained acceptance with a wider array of players than we would\u2019ve expected.\u201d<\/p>\n<p>Back discusses the multitudes of announcements from institutions releasing products, governments clarifying regulations and city governments creating policies to bring development to their region. \u201cI think it\u2019s a phenomenon of open networks. Open networks can innovate faster because they\u2019re permissionless.\u201d He mentions that the pace of innovation is much faster than even the internet. It will be interesting to see the rate at which adoption grows in the next few years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Adam Back and Balaji Srinivasan discuss global Bitcoin adoption and the rate at which it is accelerating at a pace faster than many people expected.<\/p>\n","protected":false},"author":2520,"featured_media":6787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[118,392,1463,1826,1884,1216,1212],"class_list":{"0":"post-10359","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-culture","8":"tag-adam-back","9":"tag-adoption","10":"tag-balaji-srinivasan","11":"tag-bitcoin-magazine-podcast","12":"tag-hashcash","13":"tag-podcast","14":"tag-whitepaper"},"author_data":{"id":2520,"name":"Bitcoin Magazine","nicename":"bitcoin-magazine","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/bitcoin-magazine-logo.jpeg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/20220322_btcfinal_bitcoinisnotdemocratic.png","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/10359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2520"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=10359"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/10359\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/6787"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=10359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=10359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=10359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}