In my opinion, Adam Back has lost a lot of credibility. First, he was involved with Epstein, and now I’m hearing more and more about Blockstream actively working on smart contracts on sidechains, with long-term plans to potentially expand this technology to Bitcoin Onchain.

This makes me question his motivations. I no longer trust that his opinions are purely based on what is best for Bitcoin. It increasingly seems that his views may be influenced by business interests, pushing additional use cases on Bitcoin through Blockstream and promoting his treasury company, even if those use cases may not actually benefit Bitcoin as money.