TL;DR Back argued that volatility is typical for cryptocurrency even as regulatory clarity and institutional access expand, a view cited in the 2008 Bitcoin white paper. The whole 9 yards of 💩 You want a take on the crypto rollercoaster that doesn’t pretend the ride is smooth just because the safety rails got a new coat of paint? Strap in, because I’m about to riff on a line from a guy who’s simultaneously the blueprint and the punchline of Bitcoin: Adam Back. Yes, that Adam Back—the early architect whose fingerprints are on the white paper that started this wild ride. The guy who, in the same breath, reminds you that volatility isn’t a bug, it’s a feature, even as regulators start wearing suit jackets labeled “clarity” and institutions peek over the fence with their checkbooks. Back isn’t just a founder-figurehead in a museum exhibit of crypto history. He’s one of the original voices who warned that the market would wobble as it learned to walk in a world of fences and watchdo...
Ignorance is not a strategy.