According to Adam Back, users often conflate what is desirable with what can be enforced by Bitcoin consensus or made incentive compatible, which leads to demands for changes that cannot realistically be implemented, source: Adam Back on X, August 31, 2025. For traders, this indicates that only protocol changes that are consensus-enforceable or aligned with participant incentives should be treated as credible catalysts for BTC, and scenarios reliant on unenforceable rules should be discounted in positioning and risk models, source: Adam Back on X, August 31, 2025. Portfolio assumptions should prioritize incentive-driven outcomes and consensus-enforceable rules, while de-emphasizing outcomes that depend on socially desirable but unenforceable interventions, source: Adam Back on X, August 31, 2025.