Speaking to Cointelegraph on April 30, 2026, cypherpunk and Bitcoin OG Adam Back pushed back on the idea that sovereign accumulation betrays Bitcoin's founding ethos. His view: technologies built to shift the balance of power always begin with early adopters and inevitably get picked up by larger institutional and state-level actors — the internet and encryption followed the same arc.
Back's framing reframes the debate. Rather than treating government interest as a co-option of a grassroots protocol, he reads it as confirmation that Bitcoin has crossed the threshold from niche to infrastructure. Whether that trajectory changes the protocol's neutrality remains a live question in the community, but Back sees the progression as structurally inevitable.
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