Spot gold fell below $ 1,930 an ounce.

As Cointelegraph reported on August 11, Blockstream CEO Adam Back believes Bitcoin is good enough and doesn't require a lot of derivative work. He stressed that developers should focus on Bitcoin because Bitcoin is modular and people can use it to create whatever they want, and because Bitcoin is money online. Baek also said that Satoshi Nakamoto is not expected to reveal himself, which is not beneficial for Bitcoin. However, White believes that even if Satoshi Nakamoto returns, he will not be able to regain control of Bitcoin's growth due to its decentralization.