Premium: Insider on the huge difference between Bitcoin and other digital currencies

With Bitcoin and cryptocurrency generally in the news a lot, I appreciated a note from BizNews tribesman and fintech investor Paul Scott, founder and CEO of defi company Trona.io. Am sure those in our community who enjoy my growing fascination with the subject will enjoy reading his insights and guidance.

Paul writes: "It is critical to separate Bitcoin from crypto, as you call it. Bitcoin is pristine, 100% decentralized and finite in supply. 99.9% of all cryptocurrencies are centralised and controlled by a limited few, rife with scams, rug-pulls and general investor-unfriendly behaviour. In addition, they can often be minted at will through clever smart contract coding – meaning uncertain supply, just like fiat money printing.

I know this from experience – for two years I co-ran a project development studio building on Ethereum and other Ethereum Virtual Machine blockchains (EVM's – you may have heard of Polygon, Avalanche, Binance Chain etc.). We never took a single dollar from investors – ours was a 100% fair-launch methodology – however we know all the ways that malicious developers can code smart contracts to the detriment of their "beloved" communities.

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