The "tragedy" isn't so much that this great, original backstory was lost, but that it was a generic, mundane backstory that was somewhat integral to both the aesthetic of the show and arc of the character. Butcher is almost Ennis's commentary on one of his most famous works, his Punisher run. Butcher's both a bit more charismatic but also a bit more unhinged than Frank. Both are coming from a place of being dangerous men who tried to go legit with their loved one's, but then the "villains" in their stories destroyed that. They then dedicate their considerable skills and will power to destroying the people who killed their family.
It's important to The Boy's that Butcher's background be this simple, emotional thing because it both justifies who he is and his desires but not the ends he eventually goes to. >>109267651
I'm sure the way the show is handling it has its upsides, enough people on /co/ seem to be into it, but it's a very different beast to character and story of the comic. And people really, really liked what the comic was trying to do, whereas I'm not sure the more soap opera drama of the show is going to be any more impactful for all of its shocking swerves.