AdamBack

Before the name "Satoshi Nakamoto" emerged in 2008 and revolutionized the world by introducing Bitcoin, there were many previous attempts that sought to achieve the same dream: a decentralized digital financial system, resistant to censorship, and not reliant on a central intermediary like banks. These attempts, despite their partial or total failures, played a pivotal role in paving the way for the emergence of Bitcoin, and can be considered the foundational blocks upon which the modern encrypted financial system is built.

UID 1058815839

Fam… brace yourselves. Cypherpunk OG and Bitcoin legend Adam Back just came through SWINGING with the hottest take of the year 😤🔥

He said — and I quote:

“None of them. Never owned one. They’re all going to zero.” 😮‍💨

YUP. Every single altcoin. Going. To. Zero. 💀💸

Let’s unpack this spicy Bitcoin maxi bomb together 👇

🧠 Who’s Adam Back again?

He’s the CEO of Blockstream

He was literally cited in the original Bitcoin whitepaper 📜

He’s considered a Bitcoin founding father-type figure 👑

So when HE speaks — even if it’s savage — the industry listens 👂

💥 Why He’s Calling Altcoins Trash:

🔹 Decentralization Purist: If it ain’t Bitcoin-level secure or decentralized, he ain’t touching it. No Sol, no ETH, no memes. 🛡️
🔹 Ponzinomics Everywhere: He believes most alts are just pump-and-dump games with no real value 🤑
🔹 BTC = Digital Gold. Everything else = Vapor. 🌫️

🧩 BUT… here’s the other side:

Altcoins have:
✔️ Funded thousands of legit innovations (DeFi, NFTs, L2s)
✔️ Created real yield and utility (HELLO, stablecoins? Smart contracts?)
✔️ Birthed mega ecosystems — think ETH, BNB, SOL, etc 💥

Sooo are all of them going to zero? Let’s be real:
No. But most? Honestly… maybe 🪦

🔮 Predictions & Real Talk:

➡️ 95% of altcoins = roadkill in the long term. Rug pulls, dead devs, no use case — sayonara. 💀
➡️ The top 5–10% of altcoins? They’re building real infrastructure and won’t just survive — they’ll thrive. 🔧📈
➡️ Adam Back is reminding us to filter out noise and focus on fundamentals. If your favorite coin has zero real-world use... you better rethink that bag 😬

⚠️ This is not FUD, it’s a wake-up call 🧠
Altcoin season makes us all euphoric, but don’t get caught holding the trash while the whales bounce. Watch your bags. Stay sharp. Cut the hype. 💼🔍

We put in a TON of energy digging through all this truth and chaos —
So hit that LIKE,
Comment your thoughts (especially if you're an alt holder 👀),
Share it with your crypto fam,
And follow me + check my profile daily for the most savage yet insightful breakdowns in the game 🔥💎

#BitcoinMaxi #Altcoins #CryptoReality #AdamBack #CryptoWakeUp

Blockstream CEO claims Ethereum Virtual Machine’s complexity enabled hackers to drain funds
Prominent crypto figure Adam Back, known as a cypherpunk and CEO of Blockstream, took to X to share his thoughts on the recent Bybit hack, where the exchange lost $1.4 billion in ETH.
Back pointed to Ethereum Virtual Machine (EVM) as the key factor that allowed hackers to successfully exploit the system and drain Bybit’s funds.
❌ Back Criticizes EVM Complexity as Ethereum’s Weakness
According to Adam Back, the primary issue lies in the complexity of Ethereum transactions, making the network vulnerable to attacks.
📌 How did hackers exploit this weakness?
🔹 EVM is overly complex, making it difficult for hardware wallets to interpret transactions.
🔹 Blind signing of Ethereum transactions introduces security risks.
🔹 Bybit attempted to transfer $100 million in ETH from its cold wallet to a hot wallet, but hackers manipulated the process, ultimately draining $1.4 billion in total.
Back described EVM as fragile, unsecure, and overly complicated, claiming that these weaknesses increase the risk of exploits.

🔍 How Did the Bybit Hack Happen?
Bybit suffered one of the largest crypto exploits in history.
🔸 The hack was likely carried out by North Korea’s Lazarus Group, a state-backed hacking organization.
🔸 Hackers exploited vulnerabilities in Ethereum smart contracts while Bybit was transferring funds internally.
🔸 Bybit claims that the liquidity gap in ETH has now been fully closed.
🤔 Could Ethereum Perform a Rollback? A Throwback to the DAO Hack in 2016
After the attack, several Bitcoin maximalists, including Samson Mow (CEO of JAN3), sarcastically asked Vitalik Buterin if Ethereum would roll back the blockchain to recover the lost funds.
This references the infamous 2016 DAO hack, where after a $60 million ETH exploit, the Ethereum community decided to hard fork, leading to the creation of Ethereum Classic (ETC).
🚨 However, Ethereum has no plans for a rollback this time – the Ethereum team stated that the hacker’s transactions were as valid as any other transaction on the network.
📢 What’s Next? Is Bitcoin’s Dominance Rising?
Back emphasized that Bitcoin is growing in dominance, while Ethereum faces criticism over its EVM security flaws.
⚠️ Could this hack be a wake-up call for the development of safer blockchain technologies?
⚠️ Will Bitcoin and simpler blockchain structures become the future?

#BybitHack , #CryptoNewss , #AdamBack , #CryptoSecurity , #blockchain

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Adam Back, CEO of Blockstream and one of the pioneers of Bitcoin, stated on May 15, 2025, that Bitcoin remains an undervalued asset with the potential to grow to $1 million per coin in the next decade. At the time of the statement, the price $BTC
fluctuates around $95,000, showing steady growth after the 2024 halving. Back stressed that the limited supply of Bitcoin (21 million coins) and increasing demand from institutional investors, particularly through ETFs, create ideal conditions for exponential growth.