Blockstream CEO Adam Back: Forkers Are Doomed
Adam Back stated that the game is over for forkers, and he has warned for the past six months that they would only fork out, which has now come to pass.
He hopes that those involved will learn from this, and that the misled will read the post-mortem analysis, not be disillusioned, and return to Bitcoin.
The main chain maintains economic majority under the event-driven circumstances, while the hash power and nodes of fork supporters are under pressure, benefiting Bitcoin's core consensus and neutral rules.
Source: Public Information
ABAB AI Insight
As the inventor of Hashcash and CEO of Blockstream, Adam Back has long opposed protocol changes lacking broad technical and ecological consensus. Over the past six months, he has continuously pointed out the technical flaws of BIP-110 and the lack of majority support, predicting it would lead to minority chains.
On the capital front, Blockstream focuses its resources on sidechains and maintaining protocol neutrality, motivated by the desire to protect Bitcoin as a reliable commitment to a predictable currency network, rather than accepting temporary data filtering rules.
Similar cases can be seen with the collapse of SegWit2x in 2017 due to coordination failure, and multiple user activation attempts resulting in minority chains; currently, we are in the post-mortem phase after the failure of enforced signals without hash power support.
This essentially reflects regulatory changes: rules imposed without economic majority are ultimately vetoed by the main chain. The mechanism is that Bitcoin's true consensus is determined by hash power, nodes, and economic weight, rather than unilateral enforcement.
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