Adam Back is one of the earliest and most prominent champions of Bitcoin’s displacement of traditional finance via decentralization and self-sovereignty.

However, his latest move—selling 30,000 bitcoin (BTC) to Wall Street giant Cantor Fitzgerald via a SPAC—has drawn scrutiny from those who see it as betraying some of the principles he once passionately espoused.

Back was a cypherpunk. His community created BTC and 

 for privacy, individual sovereignty, and displacing government-backed banking.

bitcoin

> Adam Back is one of the earliest and most prominent champions of Bitcoin’s displacement of traditional finance via decentralization and self-sovereignty.
>
> However, his latest move—selling 30,000 bitcoin (BTC) to Wall Street giant Cantor Fitzgerald via a SPAC—has drawn scrutiny from those who see it as betraying some of the principles he once passionately espoused.
>
> Back was a cypherpunk. His community created BTC and [fought](https://bitcoinmagazine.com/culture/back-future-adam-back-remembers-cypherpunk-revolution-origins-bitcoin-1441741053) for privacy, individual sovereignty, and displacing government-backed banking.
>
> **[...read more at protos.com](https://protos.com/did-adam-back-betray-bitcoin-for-a-wall-street-payout/)**