Wu Blockchain (@WuBlockchain): Adam Back: Bitcoin's Simplicity Avoids DeFi Risks
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
Impact unavailable
Adam Back: Bitcoin's Simplicity Avoids DeFi Risks On May 24, 2026, Bitcoin OG Adam Back @adam3us stated in an interview that VM-based smart contracts are too complex to secure, like Ethereum, and keeping systems simple avoids risks. AI helps attackers systematically find DeFi vulnerabilities. Restaking and rehypothecation build extreme leverage, functioning like privatized money printing with massive contagion risks. Conversely, Bitcoin is hard money; the safest strategy is cold storage or reputable ETFs. He added that institutional ETF allocation remains early.