Sacrilegious Binance Reorg Would ‘Erode’ Bitcoin: Blockstream. Blockstream CEO and bitcoin expert Adam Back isn't keen on Binance chief Zhao's 'reorg' suggestion. Source: Flickr/Joi Ito Posted in: Archive Cryptocurrency News. Published: May 15, 2019 5:25 AM UTC. Author: P. H. Madore @bitillionaire. Share Tweet. By CCN.com: Blockstream CEO Adam Back told the What Bitcoin Did podcast that ... Blockstream CEO and bitcoin expert Adam Back isn't keen on Binance chief Zhao's 'reorg' suggestion. Source: Flickr/Joi Ito. By CCN: Blockstream CEO Adam Back told the What Bitcoin Did podcast ... Speculation made its way around social media after the director of Media Lab, Joi Ito, first tweeted a picture of a vending machine being brought into the lab. The speculation became reality after a while, once it was actually confirmed to accept bitcoin. Tierion tweeted about it after getting a tour of the MIT Media Lab building in September ... MIT Media Lab director Joi Ito looks at the current state of bitcoin and the blockchain, calling for unity amid an uncertain time for the industry. According to MIT Media Lab director Joi Ito, governments have a role to play in regulating bitcoin but they shouldn’t overstep their boundaries. He suggests that governments should still have a voice in the process in order to increase the confidence of the general public when it comes to transacting using cryptocurrencies. “I’m not sure that we need an ICANN for Bitcoin, but I think ... 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.
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