Bitcoin Pioneer Adam Back Questions Telegram Founder Durov Over GRAM Token Supply
Analysis
Price Impact
LowAdam back's criticism of ton's economic model is unlikely to have a significant immediate impact on its price, as the crypto community is largely aware of the project's history and regulatory challenges. the news is more of a commentary on past events and ongoing skepticism from a prominent figure rather than a new development affecting supply or demand.
Trustworthiness
HighPrice Direction
NeutralThe news involves a critique of ton's tokenomics by a respected figure in the crypto space. while it might cause some discussion, it does not present new information that would directly cause a significant price surge or decline. the ton token has already undergone significant price volatility and regulatory scrutiny in the past. the focus is on the token's economic model and past issues, not on a new event impacting current market dynamics.
Time Effect
ShortThis news is a commentary on past and present issues related to ton and its founder. while it might generate short-term discussion and social media buzz, its long-term impact on ton's price will depend on broader market trends and the project's future developments, rather than this specific criticism.
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Cover image via www.youtube.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Blockstream CEO Adam Back publicly criticized the economic model of Gram (GRAM), the token heavily associated with Pavel Durov and popular messenger Telegram. The well-known cypherpunk and Bitcoin pioneer commented on the entrepreneur's statement about currency issuance of fiat. Advertisement This happened on the day when the TON token officially returned to its historic name, Gram. Back's remark was prompted by a post from Pavel Durov, in which he once again criticized the traditional financial system and supported the concept of Bitcoin . "The government keeps printing money like there's no tomorrow. Nobody is printing Bitcoin," the Telegram founder said. HOT Stories Fresh $1.5 XRP Roadmap Analyzes Key Triangle Pattern Break; Shiba Inu (SHIB) Whales Disappear From On-Chain; Bitcoin Is Now Firmly Upward: CryptoQuant Reviews Whale U-Turn - Morning Crypto Report 'Never as Bad as It Seems': Coinbase CEO Remains Bullish on Bitcoin Adam Back reacted to the post with a short ironic comment, pointing to Durov's own blockchain ecosystem: "someone is printing GRAM though eh :)." Pavel Durov has not responded to Back's comment yet. Advertisement Why Adam Back is a Telegram cryptocurrency skeptic Back's current skepticism continues his long-standing position toward Telegram's crypto initiatives. According to posts from January 2020 on what was then Twitter, during Durov's legal battles with U.S. regulators, Back made similar remarks and openly called Telegram's first ICO a "naked money grab." Back argued that, unlike classic venture capital, buyers of Gram tokens effectively received no corporate rights or investor protection. At the same time, Back acknowledged the inconsistency of the U.S. Securities and Exchange Commission. He said that a complete block of Durov's project, against the backdrop of a symbolic fine for the EOS blockchain, looked unfair and resembled "shooting a mosquito with a bazooka." Advertisement Adam Back on Telegram-linked GRAM cryptocurrency in 2020, Source: X (formerly Twitter) You Might Also Like Sat, 06/13/2026 - 00:01 XRP, Zcash (ZEC), Toncoin (TON), Shiba Inu (SHIB) Price Analysis for June 13: Shape of Recovery Is Clear By Arman Shirinyan Following the SEC's crackdown, Durov was forced to abandon Gram, leading independent developers to continue the project under the Toncoin name. Back's jab coincided with the official rebranding of the cryptocurrency, when the ticker of the main token of The Open Network (TON) was officially changed to GRAM after 81.22% of community participants voted to return to the project's original 2018 name. #Adam Back #Pavel Durov #Telegram #Bitcoin