Adam Back’s contributions are debated, but dismissing Hashcash as trivial overlooks its conceptual influence on proof-of-work. Even if imperfect, it was a stepping stone. On a separate note, that Bitcoin ETF flows piece got me thinking about long-term price drivers—especially how institutional behavior might shift post-2024 halving.
https://theboard.world/articles/bitcoin-etf-flows-price-dynamics-2026
