Samson Mow Exits Blockstream to Focus on Nation-State Bitcoin Adoption

With Infinite Fleet close to the beta stage, Mow said he will also divert more attention to his gaming company Pixelmatic.

AccessTimeIconMar 1, 2022 at 6:28 p.m. UTC
Updated Mar 1, 2022 at 6:53 p.m. UTC

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Blockstream Chief Strategy Officer Samson Mow said he’s departing the blockchain technology company after about a five-year run.

In a series of tweets on Tuesday, Mow praised Blockstream’s bitcoin infrastructure development along with layer 2 scaling technologies. With the company “in a very good place” after a recent funding round, he said, now is the right time to exit.

Mow and Blockstream have been key figures in designing El Salvador’s bitcoin-backed bonds (so-called Volcano Bonds), which are set to be issued this month on Blocksteam’s Liquid platform. “With everything happening at light speed in El Salvador, and more and more countries interested in adopting bitcoin, I found my time each day just no longer enough anymore,” Mow said.

Mow’s departure may ramp up speculation about which country in Latin America (or another region) might follow El Salvador into bitcoin. El Salvador President Nayib Bukele has hinted that two other nations will adopt bitcoin as legal tender this year.

Mow also took note of more time being demanded by Pixelmatic as the beta nears of its game, Infinite Fleet. (Mow is founder and CEO of Pixelmatic.) In 2019, Mow aimed to bridge the world of crypto and online gaming by launching a token that would see Pixelmatic use Blockstream’s new platform for launching security tokens on Bitcoin via its sidechain Liquid.


Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

CoinDesk - Unknown

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.